Will their intermittency condemn renewable energy sources to the margins in the Indian electricity mix? India today is witnessing an energy trajectory that straddles multiple imperatives: Sustainability, energy access for 1.35 billion people and energy self-sufficiency while establishing and sustaining viable economic growth. In response, the economy has embraced renewable energy at a scale and […]
Coal-fired plants may have to scale down utilisation to 35% by 2022: KPMG
“Even a scenario with 130 GW of renewables instead of the planned 175 GW by 2022 could result in plant load factor (PLF) dropping to 35-40 per cent for many coal plants,” KPMG said in a recent report. “Increased penetration of renewable energy in … Kolkata: One of the Big Four, KPMG, has predicted that […]
Saudi Arabia has potential to be hub for green finance: KPMG
Saudi Arabia can become the center for green finance for emerging markets, which will bring huge economic and commercial benefits to the economy in line with Vision 2030, according to Michael Hayes, global head of renewables, KPMG International. “The amount of capital required to support the energy transition is vast and it is for this […]
Lateral entry: Govt issues orders to place 9 professionals as joint secys
Amber Dubey, who has an experience of over 25 years, is a Partner at KPMG in India, heading Aerospace and Defense. He is an alumnus of IIT Bombay and IIM Ahmedabad. He has been posted in the ministry of Civil Aviation. Four months after the Union Public Service Commission (UPSC) recommended their names for respective […]
Fuji Electric close to Consul Neowatt buy for Rs 700 crore
Fuji is seeking to buy a majority stake in Consul Neowatt, which is owned by the private equity fund Peepul Capital. Japanese electric and thermal energy major Fuji Electric is in the final stages of discussions to acquire Consul Neowatt Power Solutions, a Chennai based power backup manufacturer, in a deal worth $100 million (Rs […]
India has a huge opportunity to leverage rooftop solar: Ted Surette, KPMG
“Demand management is not well understood in some countries and it is going to play a very important role in the energy sector. The issues are with the rapid flow of renewables coming up with firming capacities” New Delhi: Developed nations like Germany, Australia that used to dominate in the coal-fired energy generation are now quickly diversifying into […]