What is the news? As per the report by the Institute for Energy Economics and Financial Analysis (IEEFA), the lockdowns slowed renewable energy installations in the country. India aims to install 175 gigawatts (GW) of green energy by 2022 and 450 GW by 2030. But only 7 GW of such capacity was added in the financial year 2020-21. What… Continue reading Lockdowns slowed green energy push
Synopsis: To harness the capacity of India’s offshore wind potential, we need to identify the areas where we can develop offshore wind project and accelerate the project. Introduction India has planned to provide 24×7 electricity to every home. As per the forecast of International Energy Agency, the country’s energy demand will increase by 6-7% annually… Continue reading No offshore wind project has commenced in India: Are we on track for 30 GW by 2030?
Source: Times of India What is the news? India’s renewable energy capacity, excluding large hydroelectric projects, hit 100 GW (gigawatts) on 12th Aug 21, making it the world’s fourth largest in terms of total installed green energy capacity. The 100 GW renewable capacity accounts for 26% of India’s total installed generation capacity of 383 GW.… Continue reading At 100GW, India now 4th in solar, wind energy capacity
Source: Livemint What is the News? India will be calling for bids for the largest global tender for a 13 gigawatt-hours (GWh) grid-scale battery storage system in Ladakh Region. What are Battery Storage Systems? Battery storage systems are devices that enable energy from renewables like solar and wind to be stored and then released when… Continue reading India to call bids for battery storage system in Ladakh
A recent report by CRISIL has projected that the wind energy sector in India will record a slow growth in next five years (2019-2023). According to CRISIL, the shift to competitive bidding mechanism has slowed wind energy sector growth due to a significant fall in tariffs. This has consequently resulted in a decline in bid… Continue reading Wind energy expansion capacity to slow in next five years: CRISIL