Renewable Energy In India

Senior executives, however, pointed out that the encashment of bank guarantee in case of default was always part of the tender document issued by central government agencies

Focuses on meeting non-traction demand through renewables

The state has set a target to generate 22,000 megawatt (Mw) of solar power over the next five years

Currently, non-fossil or clean sources make up around 25 per cent of energy and 40 per cent of the installed power base in the country

Assocham president Sumant Sinha has called for bringing down interest rates for the industry, especially for the domestic renewables sector, which is seeing high rates of 8-10 per cent compared to 3-4 per cent in the western markets. On his expectations from the government for the domestic power and renewable energy sectors in the upcoming budget, Sinha said interest rates should be brought down for the rate-sensitive sector. Finance Minister Nirmala Sitharaman is scheduled to present the budget on February 1. "Bring down the interest rates because ours is a very interest rate-centric sector. ...it is high compared to what you pay in other parts of the world. In India, the rate is in the range of 8 per cent to 9.5 per cent for the industry and (specifically) in power and renewables (sectors) it is 8-10 per cent," Sinha, who is also the Chairman of ReNew Power told PTI in an interview. "In the western world, rates are 3 to 4 per cent." Sinha said every 1 percentage point increase i

As the consumption of electricity in Uttar Pradesh is predicted to shoot up to 53,000 MW in the next five years, Chief Minister Yogi Adityanath has directed officials to focus on alternative sources

India has achieved 165.94GW of renewable energy capacity till October as against the target of 175GW by 2022, Parliament was informed on Thursday. "Against the target of achieving 175 GW of Renewable Energy installed capacity by 2022, a total of 165.94 GW of renewable energy capacity (including large hydro) has been installed in the country as on October 31, 2022," Power and New & Renewable Energy Minister R K Singh stated in a written reply to Lok Sabha on Thursday. A capacity of 76.13 GW (of renewables) is under various stages of implementation and a capacity of 36.44 GW is under various stages of bidding, Singh informed the House. In line with the Prime Minister's announcement at COP26, the Ministry of New and Renewable Energy is working towards achieving 500 GW of installed electricity capacity from non-fossil sources by 2030. Singh further elaborated that so far, a total of 172.72 GW capacity from non-fossil fuel-based energy resources has been installed in the country as on .

RE, tech transfer & green jobs on India's agenda, Germany & the US to co-lead the negotiations

According to govt estimates, 14 locations have been identified in the state, with potential to generate 25 Gw of wind energy

Modi holds talks with Biden, Sunak, Macron

The focus of a majority remains on distributing free and subsidised coal-based power

World's first climate pledge for startups is backed by India's leading VC funds and supported by entrepreneurs including Nithin Kamath, Deepinder Goyal and Bhavish Aggarwal

Modi unveils logo, theme, website of India's upcoming G20 presidency

Businesses built on renewable infrastructure are gaining traction but banks are still figuring out ways to finance them

India will have more than 65 per cent of its power generation capacity from non-fossil fuels by 2030, Power and New & Renewable Energy Minister RK Singh said on Monday. Addressing a CII conference on green energy, he explained that India is aiming for 65 per cent of power generation capacity from non-fossil fuels but the country will have more than that. India will have 90 GW of solar equipment manufacturing capacity by 2030, up from 20 GW at present, he added. He also informed that about 15-20 GW of solar equipment manufacturing capacity is under construction and India will have 40 GW of such facilities under Production-Linked Incentive Scheme-II (PLI-II). "We shall have 90GW plus solar manufacturing capacity by 2030 right from the polysilicon to modules. We already have 20GW (solar manufacturing capacity). we already know that 15-20 GW of solar manufacturing capacity is under construction. You will further have 40 GW of solar manufacturing capacity (addition), which is going to .

Sources said Greenko Group had 7.5 gigawatt (Gw) of installed capacity across solar, wind and hydropower generation assets in 15 states in India

India is working to transform its energy landscape with a significant clean energy share, Science and Technology Minister Jitendra Singh has told the international community while asserting the country will achieve net zero emissions by 2070. By 2030, India has agreed to reach 500GW non-fossil energy capacity, shift 50 per cent of energy its requirements to renewable sources, lower overall anticipated carbon emissions by one billion tonnes and reduce carbon intensity of the economy by 45 per cent over the 2005 levels. "India is continually working towards transforming the energy landscape of the country with significant clean energy share," Singh said at the Global Clean Energy Acceleration Forum, the joint convening of the 7th Mission Innovation and 13th Clean Energy Ministerial, here. Highlighting the need to strengthen long-term private sector engagement, he said the transition to bioeconomy is based on projects under development and deployment with high investment and high-risk

The corpus was increased to Rs 19,500 crore under the Union Budget 2022-23 to accommodate the large number of bids

After signing a pact for developing 10,000 MW solar projects and parks in Rajasthan, public sector SJVN is now eyeing to tap renewable energy in Punjab

During the financial year 2021-22, India's petroleum imports was around 23.8 per cent of its gross imports and the country was dependent on imports for 86 per cent of its crude oil requirement