Cost competitiveness makes investment in renewable energy more attractive – report

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 […]

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Interview – India’s renewable energy sector to emerge faster from the pandemic crisis

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 […]

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Global capital backs Indian solar power and renewable energy

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 […]

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The Covid-19 crisis is hurting but not halting global growth in renewable power capacity, says IEA

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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 […]

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COMMENT – Renewable energy has an edge in post-COVID India

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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 […]

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Over $2 billion invested in Indian solar projects at risk over Coronavirus outbreak: CRISIL

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. […]

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2020 renewables use spike not enough to meet climate change goals: EIU

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 […]

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