Renewables Markets

Prime Minister Narendra Modi on Monday laid out his vision of making India the world's third-largest economy with a focus on renewable energy, biofuels and hydrogen as he pivots a roadmap to cut reliance on imported oil and gas. Modi met top oil and gas industry leaders for the annual brainstorming to discuss ideas and initiatives to put India on a sustainable growth path, sources aware of the matter said. The meeting on the sidelines of the India Energy Week here saw the Prime Minister outline his vision to make India the world's third-largest economy from the current fifth-largest. For this, the fuel needed should come from renewables, biofuels and hydrogen. Sources said at the meeting Modi spoke of using 100 per cent renewable energy and increasing blends of ethanol and biofuels in traditional fuels. Also, he talked about making India the world's largest hydrogen-producing nation. Hydrogen is the cleanest known fuel which on burning emits only water and oxygen. Sources said he

In an annual report on the outlook for renewables, the IEA said capacity worldwide is expected to grow by 2,400 gigawatts (GW) - equal to the entire power capacity of China today - to 5,640 GW by 2027

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

Vector has a total portfolio of 583 Mw across 13 states; deal will take Sembcorp's gross renewable assets in India to 3 Gw

Union Minister for Power and New and Renewable Energy RK Singh unveiled the curtain raiser to the Fifth Assembly of the International Solar Alliance to be held in New Delhi from October 17-20, 2022

Asset managers think that tens of trillions of dollars, mostly in the form of green finance, could be available for environmental, social, and governance (ESG) lending

The government needs to decide projects based on equity. For now, most of the renewable projects are concentrated in only a few states

India recently reached 100 Gw of renewable power capacity

Several reforms in power transmission for renewables are in the offing, says union secretary of power, Alok Kumar

Frequent delays to hurt the 175 GW RE capacity target of next year

EDF Renewables plans to push its ambitious plan for India through EDEN Renewables, its joint venture with Total Eren

Renewables means savings on power and that means an even stronger case for electric mobility

Almost 20 per cent of investment was made in the power sector, mainly in renewables

Indian govt has unveiled plans to build 175 gigawatts of renewable energy generation by 2022