KOLKATA: ICRABSE 0.03 % expects aggregate domestic coal demand growth to witness a structural slowdown on the back of government’s large renewable energy capacity addition plans. Government’s renewable plan includes taking the capacity to 175 GW by 2022 from the current capacity of around 58.3 GW. Over the years, the capital cost of setting up […]
Research, Reports & Ratings
No matter what govt says, coal is no longer India’s cheapest energy source
At a recent seminar, chief economic adviser Arvind Subramanian drastically under-estimated coal’s hidden or external costs, using a 2013 estimate of $4.6 billion, which was based on the contribution of 121 gigawatts of coal power to air pollution. India now has nearly 200GW of coal. Further, the $4.6 billion estimate does not include other social […]
Poor contract enforcement in India is turning away renewable power investors
Falling renewable energy tariffs in India have prompted some state governments to tell generators that they can’t buy the energy at prices agreed upon, exposing the businesses to risks due to poor enforcement of contracts in Asia’s third-largest economy. Investors panicked earlier this year when the southern states of Andhra Pradesh and Karnataka, which account […]
The false burden of social cost on renewable energy
The second volume of Economic Survey released by the Ministry of Finance earlier this month raised issues with investing in renewable energy attributing a social cost of Rs 11 per unit of electricity, three times to that of coal. This gives the wrong signal to the investors, more or less questioning why renewable energy is […]
Analysis of Indian Electricity Distribution Systems for the Integration of High Shares of Rooftop PV
Analysis of Indian Electricity Distribution Systems for the Integration of High Shares of Rooftop PV For more information please see below link:
Solar energy underestimated by a factor of three
According to a new MCC study, the growth of solar energy has been grossly underestimated in the results of the models of the Intergovernmental Panel on Climate Change (IPCC). Costs have dropped and infrastructures expanded much faster than even the most optimistic models had assumed. A new study by the Mercator Research Institute on Global […]
CARE upgrades Long Term Rating of Suzlon Global Services to A (Provisional)
– Rating upgraded by 1 notch to A (Provisional) with stable outlook for proposed long term bank facilities – Higher rating is indicative of strong credit profile of SGSL which has about ~11.30 GW of assets under its service Suzlon Group, India’s largest renewable energy solutions provider, today announced that Suzlon Global Services Limited (SGSL), […]
Special Report: 2017 global PV installation forecast raised to 90 GW as demand booms in China
Key Takeaways: IHS Markit has raised its forecast for global PV installations in 2017, and now predicts 90 GW – a 14% increase on 2016. The largest changes have been made in China, which is now predicted to install 45 GW in 2017. This exceptional boom in demand in China has consumed a huge proportion […]
Global Solar Demand Monitor: Q2 2017
In 2017, global solar demand will exceed 80 GW for the first time. Demand growth of 6%-8% per year is expected through 2019, as recently tendered projects reach completion and new markets take off. Yet again, China will be the key driver, and we retain our Q1 2017 assumption that Chinese demand in 2017 will […]
Nearly 70 per cent of the countries in the world could run on renewable energy by 2050
Major economies of the world like USA, UK, China and many other could be powered 100 per cent by solar, wind, hydropower and geothermal energy by 2050, according to a roadmap developed by scientists. This new study is a follow-up to hotly debated research appearing in 2015 suggesting that the United States could switch to […]