Renewable Energy

World at Peak Fossil Fuel Generation As Emerging Markets ‘Adopt’ Renewables: CEEW Report

July 14, 2021 Anand Gupta

Fossil fuel electricity generation has peaked worldwide as emerging markets seize the opportunities of low-cost renewables, a report published by India’s Council on Energy, Environment and Water (CEEW) and the financial think tank Carbon Tracker said. Given renewables are already the cheapest source of new electricity in 90 per cent of the world, emerging markets […]

Renewable Energy

NTPC strides towards building 60 GW Renewable Energy capacity by 2032

July 13, 2021 Anand Gupta

NTPC Renewable Energy Ltd , a 100% subsidiary of NTPC, has received the go-ahead from Ministry of New and Renewable Energy (MNRE) to set up 4750 MW renewable energy park at Rann of Kutch in Khavada, Gujarat. This will be India’s largest solar park to be built by the largest power producer of the country. […]

Renewable Energy

Tata vs Reliance: A Two-Front Battle — Renewable Energy And Retail

July 12, 2021 Anand Gupta

Their renewable energy and retail plans offer contrasting strategies; if they pan out, the consumer is the guaranteed winner With Reliance Industries chairman Mukesh Ambani announcing a $10-billion foray into green energy last month and promising to shake up the market, the after effects were not only felt across other power companies but also at […]

Renewable Energy

Renewables Were the World’s Cheapest Source of Energy in 2020, Report Shows

July 12, 2021 Anand Gupta

Retiring costly coal plants could stop the emission of about 3 gigatonnes of CO2 a year. Renewables are now significantly undercutting fossil fuels as the world’s cheapest source of power, according to a new report. Of the wind, solar and other renewables that came on stream in 2020, nearly two-thirds – 62% – were cheaper […]

Renewable Energy

Wind Energy Cos Seek Deadline Extension For Project Completion

July 10, 2021 Anand Gupta

At a meeting between renewable energy companies and the Ministry of New and Renewable Energy (MNRE) in June, wind companies have requested the government to extend the deadline for project completion to at least 24 months, according to people who attended the meeting. Wind energy companies in India woefully behind their project timelines have sought […]

Renewable Energy

Renewables surged in 2020 but world not yet on track for climate goals, BP says

July 9, 2021 Anand Gupta

Last year witnessed the biggest fall in carbon emissions in more than 75 years, putting the world closer to the path needed to hit a target of keeping global warming below 2 degrees Celsius this century, BP’s 2020 Statistical Review said. London : Wind and solar power capacity expanded rapidly in 2020 while global energy […]

South African solar PV industry could get a new moment in the sun

Renewable Energy

Race For Mytrah’s Renewable Energy Assets: Adani Group, ReNew Power, KKR, CPPIB, Ayana

July 6, 2021 Anand Gupta

Mytrah Energy’s assets are spread across 17 wind farms and 21 ground monitored solar farms in 9 states. According to its website, the firm has the largest wind data bank in India, being the only independent power producer having a pan India presence of over 240 wind masts Weeks after the acquisition of Softbank Energy […]

Asia Pacific renewable investments to double to $1.3 trillion by 2030 Woodmac

Renewable Energy

Adnoc Eyes Masdar Stake in Mega Abu Dhabi Renewables Deal

July 1, 2021 Anand Gupta

Abu Dhabi’s state oil company is considering an investment in renewable energy developer Masdar, in what could be one of the green power industry’s largest deals this year, people familiar with the matter said. Abu Dhabi National Oil Co. is in preliminary talks to acquire a significant minority stake in Masdar, according to the people, […]

Renewable Energy

Renewable Energy Sector in India Gets $70 Bn Investment in 7 Years

June 26, 2021 Anand Gupta

This assumes significance in view of India’s ambitious target of having 175 gigawatts (GW) of renewable energy by 2022. Power Minister R K Singh has said that as much as USD 70 billion (about Rs 5.2 lakh crore) has been invested in renewable energy across the country in the past seven years. This assumes significance […]

Renewable Energy

Regulatory Constraints Affecting Renewable Energy Projects

June 25, 2021 Anand Gupta

States have either completely withdrawn or reduced the concessions or incentives on open access charges. New Delhi: Regulatory constraints are posing headwinds for open access-based renewable energy (RE) projects, said ICRA on Thursday. Independent power producers (IPPs) in the renewable energy sector selling electricity in the open access route (third-party or group captive mode) are […]

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