Global renewable energy capacity additions in 2020 beat earlier estimates and all previous records despite the economic slowdown that resulted from the COVID-19 pandemic said IRENA in a statement. According to data released by the International Renewable Energy Agency (IRENA) the world added more than 260 gigawatts (GW) of renewable energy capacity last year, exceeding […]
Because of imposition of basic custom duty on equipment, solar power tariffs may rise in near term ,though they would remain cost competitive for the off-takers, ICRA Ratings said on Wednesday. ICRA”s outlook for renewable energy (RE) sector is ”Stable” because of factors such as continued policy support from the Government of India, large growth […]
Battery storage, green hydrogen and flexible coal-fired power generation can help India address its next big challenge of integrating large-scale variable renewable energy into the electricity grid over the next decade, according to a new report from the Institute for Energy Economics and Financial Analysis (IEEFA). “The transition to low-cost, variable renewable energy generation requires a flexible […]
India added 1.1GW of onshore wind projects in 2020 – the lowest new build in a decade. Siemens Gamesa kept its crown as market leader by accounting for nearly half of all capacity commissioned last year, with GE ranking second. Local suppliers lost ground against global turbine makers, as Inox and Suzlon together supplied 23% […]
A huge global capital pool is mobilising to invest in renewable energy and grid projects in India, according to a new IEEFA report, with pull factors including solar power tariffs hitting record lows, plunging solar module costs, record low interest rates, and the security of government-backed, 25-year power purchase agreements (PPAs). “Domestic and global institutions across […]
Total corporate funding into the solar sector globally, including venture capital and private equity (VC), debt financing, and public market financing, came to $14.5 billion, a 24% increase compared to the $11.7 billion in 2019 says Mercom Capital in its annual report. “Following a tough first half when corporate funding was down 25% year-over-year, recovery […]
India Ratings and Research (Ind-Ra) believes that upcoming wind-solar hybrid auctions will spark cautious optimism among independent power producers. Technical complexities related to grid integration and inclusion of floor capacity proportion of wind projects (at least 33% of the total contracted capacity) in the hybrid mix could weigh on the project economics and tariff assumptions. […]
India Energy Storage Alliance (IESA) in its flagship report the 6th edition of “Stationary Energy Storage Market Overview Report” forecasts the India Stationary Energy Storage Market to double its annual capacity additions before 2027. IESA has estimated the stationary energy storage market potential in India to be around 230 GWh during the period 2020-2027. The […]
The COVID-19 pandemic has brought to the fore the critical need for building resilience in distribution utilities (DISCOMs). It is important to proactively plan to safeguard the DISCOMs to minimize and mitigate the impact of such threats and ensure business continuity and stable power supply. The US-India bilateral program, Smart Power for Advancing Reliability and […]
Power utilities need to have more customer-centric business operations to keep up with the increasing awareness and expectations of their customers. They can learn from the best practices of other sectors such as telecom and banking on enhancing customer experience. KPMG, as the implementation partner of the USAID Smart Power for Advancing Reliability and Connectivity […]
