A Record 260 GW of new renewable energy capacity added in 2020:IRENA

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 […]

Read more

India needs to be ready to ride the energy storage wave: IEEFA

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 […]

Read more

India added 1.1GW of onshore wind projects in 2020- lowest new in a decade: BNEF

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% […]

Read more

Global capital mobilising for India’s renewable energy infra opportunity: IEEFA

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 […]

Read more

Hybrid Renewable Tariffs to Continue at a Premium over Solar: India Ratings

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. […]

Read more

India Stationary Energy Storage Market set to double its annual capacity additions before 2027

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 […]

Read more

Improving Resilience of Distribution Utilities : White Paper

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 […]

Read more

Enhancing Customer Centricity in the Electricity Distribution Sector

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 […]

Read more

Energy Transition in Heating and Cooling needs Urgent Action: Study

A new study by leading energy organisations  says that the transition to cleaner, more sustainable heating and cooling solutions can attract investment, create millions of new jobs and help to drive a durable economic recovery in the wake of the global COVID-19 crisis.  The joint report by the International Renewable Energy Agency (IRENA), the International […]

Read more

India, EU to Drive an Expansion of Global Renewable Capacity : Research And Markets

Research firm -Research And Markets in its report expects India and the EU will drive an expansion of global renewable capacity additions of nearly 10% next year due to the commissioning of projects that were delayed by the COVID-19 pandemic. The firm noted that, if this growth continues as expected, wind and solar capacity could […]

Read more