According to Bloomberg, ” Gujarat Urja Vikas Nigam Ltd., the parent body for electricity development in Gujarat, had awarded the contracts to firms, including ReNew Power, Tata Power Co. and state-run SJVN Ltd. for building solar capacity at tariffs of as much as 2.81 rupees (4 cents) a kilowatt hour. The state’s attempt to override an existing […]
According to Bridge to India, solar capacity in India dropped from 5,013 MW in 2019 to 2620 MW whereas for Wind, the capacity dropped from 1,879 MW in 2019 to 1,309MW in 2020. The rooftop solar capacity addition in 2020 was 979MW which was 36% below installations in 2019. The reasons for the drop in
Union Power Minister RK Singh said that “In October 2020, the country’s energy consumption increased by 13 per cent (1.86 lakh GW) over the previous year. In January this year, it reached an all-time high of 1.89 million GW. This is an indication that our economy is on a growth path,” More details here.
Solar will match coal power generation by 2040. That is the main projection of the “India Energy Outlook 2021” by International Energy Agency(IEA). Other highlights include India could experience “the largest increase in energy demand of any country worldwide” within the next 20 years Currently coal accounts for over 70% of overall generation but only
Prime Minister Narendra Modi’s aggressive push for ‘Make in India’ to bolster domestic manufacturing and make its economy ‘self-reliant’ in the post-pandemic era is a welcome opportunity for India’s solar energy sector. Supply disruptions from China due to coronavirus outbreak and subsequent shortage of solar components and modules have impacted India’s ambitious energy target of
Creative financial and technical engineering may make it possible have round-the-clock solar and wind power. India is the world’s biggest market for renewable energy auctions, in which wind and solar project developers compete to offer the lowest possible prices for zero-carbon power. Last month, the country added a twist: a call for “round-the-clock” renewable power.
Coronavirus-related disruption severely impacted solar installation during the first three months of the year, as the nation added only 689 MW of utility scale PV, against the 1,864 MW that was scheduled to be commissioned. Read more here.
Sales of renewable energy certificates tumbled over 35 per cent to 2.37 lakh units in April compared to 3.68 lakh in the same month a year ago, according to official data. Read more here.
Years ago, there used to be two arguments weighing against the use of renewable power. One, it was expensive. The lowest offer in the country’s first solar auctions, in 2011, was ₹7.95 — described then as a “sub-8 surprise”. The story since then is too well known to merit recounting here. Suffice to say, that wind
The RTM is an endeavor by the Central Electricity Regulatory Commission (CERC). With the RTM, the market regulator intends to make the power market dynamic by enabling trade in electricity through half-hourly auctions. How the platform works There will be 48 auction sessions during the day, with delivery of power within one hour of closure