Investment in renewable energy is prudent for global economies as a recovery strategy from the expected mega economic setback following the Covid-19 pandemic as it is far more cost-effective than any energy derived from fossil fuel, the International Renewable Energy Agency (IRENA) said in a report. The report estimated that in the last 10 years […]
The coronavirus pandemic has affected just about every industry segment, but Adarsh Das, Co-Founder and CEO SunSource Energy, a solar energy developer with a global presence. tells Shampa Bahadur of indoasiancommodities.com that the renewable energy sector will emerge from the lockdown-triggered economic crisis faster than many others. Q: How seriously has the COVID-19 pandemic impacted […]
India is beginning work on a grand global solar electricity grid project called One Sun One World One Grid (OSOWOG), as it attempts to become a key player in renewable energy and position itself strongly as a nation to be reckoned with. Analysts said the plan is also partly aimed at providing countries something on […]
Indian solar power continues to draw foreign capital as plunging tariffs offer ample opportunities to invest in clean, zero-emissions energy sources. A study jointly commissioned by US-based think tank Institute for Energy Economics & Financial Analysis (IEEFA) and JMK Research & Analytics shows that the current solar tariffs hovering at Rs 2.50-2.87 per unit is 20-30 per cent cheaper than the cost of […]
The world is set to build fewer wind turbines, solar plants and other installations that produce renewable electricity this year because of the impact of the Covid-19 crisis, marking the first annual decline in new additions in 20 years, according to the International Energy Agency. But their growth is expected to resume next year as […]
India’s Finance Minister Nirmala Sitharaman recently announced a slew of reforms and financial initiatives to kickstart the economy ravaged by the Covid -19 pandemic and subsequent lockdown of the country. As part of the government’s stimulus package, a one-time liquidity injection of Rs 900 billion has been earmarked for power distribution companies (discoms), which have […]
The disruption caused by COVID-19 will further hamper India’s ambition to meet its target of building a planned 100-gigawatt solar power generation base that has already been under pressure, a leading think tank on solar energy in India said. The Gurugram-based Bridge to India said it was projecting a further dilution of 10 GW in […]
Indian solar projects worth US$2.24 billion risk incurring time and cost overruns, including penalties for missing commercial operation timelines, if the coronavirus outbreak continues to impact Chinese solar panel exports, said CRISIL Ratings, an S&P Global company. India sources around 80 per cent of the solar modules it uses from China, as per CRISIL’s analysis. […]
Solar and wind power are among the renewable energies forecast to spike in 2020, accounting for two-thirds of the new power generation capacities coming on line, a new EIU report shows. Experts from The Economist Intelligence Unit (EIU), forecast energy consumption from non-hydro renewables to rise by 14 per cent next year, while oil-generated energy would grow […]
Coal India has invited bids from developers for setting up a 100 MW solar power plant in Solar Power Developer and Operator mode in Chhattisgarh. It will cater to the green energy requirement of Coal India subsidiary of South Eastern Coalfields which consumes around 850 million units of power annually. This is part of Coal […]
