Page 4 - Renewable Energy Policy

India's renewable energy capacity rises 16% to nearly 210 GW by December

India's renewable energy installed capacity increased by 15.84 per cent to 209.44 GW by December 2024 from 180.80 GW a year ago, marking a record expansion, an official statement said on Monday. The total capacity added during 2024 more than doubled to 28.64 GW from 13.05 GW added a year ago. In 2024, solar power spearheaded this growth with addition of 24.54 GW, registering 33.47 per cent year-on-year rise in its cumulative installed capacity to 97.86 GW in 2024, the statement by Ministry of New & Renewable Energy (MNRE) said. Wind power addition was 3.42 GW in 2024, taking the total wind capacity to 48.16 GW, a growth of 7.64 per cent from 2023. Bioenergy installed capacity rose from 10.84 GW in December 2023 to 11.35 GW in December last year. Small hydro power projects saw incremental growth, with installed capacity increasing from 4.99 GW in 2023 to 5.10 GW in 2024. MNRE under Union Minister of New and Renewable Energy Pralhad Joshi has been taking various key initiatives to

NTPC Renewable Energy starts 110 MW commercial supply from 2 solar projects

State-owned power giant NTPC on Friday said its step-down arm NTPC Renewable Energy has started commercial supply of 110 MW electricity from two different solar projects. With this, the total installed and commercial capacity of the NTPC group has now become 76,708.18 MW, a BSE filing stated. According to the filing based on the certificate issued on January 9, 2025, by Solar Energy Corporation of India (SECI), the second part capacity of 60 MW out of 320 MW Bhainsara Solar PV Project in Jaisalmer, Rajasthan of NTPC Renewable Energy Ltd (NTPC REL), a step-down subsidiary of NTPC Ltd through its subsidiary NTPC Green Energy Ltd, is declared on Commercial Operation with effect from January 7, 2025. The first part's capacity of 160 MW has already been declared for commercial operation from August 28, 2024. It further stated that the second part capacity of 50 MW out of 220 MW Shajapur Solar Project (Unit-II) at Shajapur, Madhya Pradesh of NTPC REL, is declared on commercial operation

CERC rejects SECI's first battery storage project over two-year delay

SECI which is the renewable energy project tendering agency under the aegis of the Ministry of New and Renewable Energy awarded this project in 2022

Hot button issue: How the scale of climate challenge is increasing

The World Meteorological Organization has said that 2024 was globally the warmest on record, exceeding the Paris Agreement threshold

The India story: 25 years of country's energy transition and challenges

India aims to be developed by 2047 and net-zero by 2070, requiring a transformative energy transition to achieve these goals

How discussions at COP29 could shape India's renewable energy future

The goal of tripling renewable energy by 2030, set at COP28, depends on urgently mobilising international finances for the developing world

Tata Power to invest Rs 1.2 trillion in renewable energy in Rajasthan

Tata Power has announced an investment of Rs 1.2 lakh crore in Rajasthan in various renewable energy related projects including rooftop solar installation and electric vehicle charging infrastructure. Speaking at the Rising Rajasthan Global Investment Summit which started on Monday, CEO and MD of the company Praveer Sinha said the company's investment roadmap was aimed at making Rajasthan a power surplus state through a range of initiatives. "Tata Power's clean energy roadmap for the state would significantly contribute to India's goal of becoming net-zero carbon by 2070 and the state's ambition to emerge as the next clean energy hub in the country," Sinha told reporters after the inauguration ceremony. The initiatives include renewable energy projects with Rs 75,000 crore investment (comprising solar, wind and hybrid projects across key regions like Bikaner, Jaisalmer, and Jodhpur); rooftop solar, transmission and distribution, and EV charging infrastructure. "The investment is ..

Trump's 'energy dominance' plan faces real-world challenges: Experts

President-elect Donald Trump is set to create a National Energy Council that he says will establish American energy dominance around the world as he seeks to boost US oil and gas drilling and move away from President Joe Biden's focus on climate change. The energy council to be led by North Dakota Gov. Doug Burgum, Trump's choice to head the Interior Department will be key in Trump's pledge to drill, drill, drill" and sell more oil and other energy sources to allies in Europe and around the globe. The new council will be granted sweeping authority over federal agencies involved in energy permitting, production, generation, distribution, regulation and transportation, with a mandate to cut bureaucratic red tape, enhance private sector investments and focus on innovation instead of totally unnecessary regulation, Trump said. But the president-elect's energy wishes are likely to run into real-world limits. For one, US oil production under Biden is already at record levels. The federa

Adani saga: Lack of takers for RE key reason behind corruption case

SECI could not find buyers for the said "Corrupt solar project," companies resorted to bribing states: SEC findings

Developing nations need $1 trn a year by 2030: Climate finance group

Negotiators at the UN climate conference in Azerbaijan should focus on mobilising USD 1 trillion per year by 2030 to help developing countries cope with the warming world, a new report the Independent High-Level Expert Group on Climate Finance said on Thursday. This money, according to the group of international climate finance experts, is needed from public and private sources. As countries negotiate at COP29 a new climate finance package to support developing countries beyond 2025, the report cautions against the risks of delayed action. Any shortfall in investment before 2030 will place added pressure on the years that follow, creating a steeper and potentially more costly path to climate stability," Failing to invest sufficiently now, it warns, "Means we will need to mobilise even larger sums in shorter time frames to catch up on critical targets." The report said global climate action requires USD 6.36.7 trillion annually by 2030, with USD 2.4 trillion per year needed ...

Targets unchanged a year after deal on tripling renewables by 2030: Report

A year after countries agreed to triple global renewable energy capacity to 11,000 gigawatts by 2030, a new report on Tuesday revealed that national targets still only aim for a collective doubling of capacity in the next six years. The report by global energy think tank Ember showed only eight countries have updated their renewable targets in the last 12 months, resulting in just a four-GW increase in overall renewable energy targets globally. The report analysed national 2030 renewable capacity targets for 96 countries and the EU as a bloc. These countries collectively account for 96 per cent of the world's renewable capacity, 95 per cent of global electricity sector demand and 94 per cent of global power sector emissions. Of the 96 countries, 83 have renewable capacity targets for 2030. At the UN's climate conference in December 2023 in Dubai, world leaders reached a historic agreement to triple global renewables capacity by 2030. The International Energy Agency (IEA) and ...

America First: Here's who Donald Trump may tap for national security

Besides national security, Trump will be looking to build out the heads of financial regulatory agencies, which are expected to take a more light-handed approach than Biden's administratration

Apollo Green Energy plans solar module plant, targets IPO in 2025: CEO

Apollo Green Energy is also executing 400 MW of solar installations and other engineering, procurement and construction projects

ACME Solar targets Rs 2,900 crore via IPO; sets price band at Rs 275-289

The Gurugram-based company's IPO is a combination of a fresh issue of shares worth Rs 2,395 crore and an offer for sale (OFS) of shares valued at Rs 505 crore by ACME Cleantech Solutions

UK firm Low Carbon sells 6 GW battery storage portfolio to S4 Energy

Dutch grid operator TenneT, the largest in Europe, is looking at options for a private or partial sale, after a sale to the German government floundered

Waaree Energies' IPO capitalises on a 357% rise in renewable stock in India

The public offering aligns with Prime Minister Narendra Modi's goal to boost renewable energy production to 500 gigawatts by the end of the decade

Meeting 2030 target may push India's solar imports to $30 bn per yr: GTRI

The country's target of installing 500 GW of renewable energy by 2030 may push solar equipment import bill to about USD 30 billion per year and increase dependence on Chinese goods, think tank GTRI said in a report on Sunday. It said developing a self-reliant solar manufacturing industry in India will require significant investment to create an integrated supply chain, especially in areas like polysilicon and wafer production. Without this, India may continue to face high import costs and struggle to meet its renewable energy goals. India installed 15 GW of solar capacity in 2023-24, raising the total to 90.8 GW by September, compared to just 2.8 GW in 2014, it said. To meet the government's target of installing 500 GW of renewable energy by 2030, India needs to significantly ramp up installations to 65-70 GW each year, with over 80 per cent of this target expected to come from solar power, according to the Global Trade Research Initiative (GTRI). "This target seems ambitious, ...

Renewable energy to fall short of UN goal to triple by 2030, says IEA

It said the increase is equivalent to the current power capacity of China, European Union, India and the United States combined, but not enough to meet a target set at the COP28 UN climate conference

Tata Power seeks Rs 21,000 crore wind turbine bids for 3 GW green push

Tata Power is seeking bids for over 3 Gigawatts (GW) of wind turbines, with the possibility of increasing the capacity to 5 GW over the next five years

Peak power demand declines in Sept; renewable energy generation increases

While coal and gas-based power generation experienced reductions of 5% and 15%, respectively, hydro, nuclear, and renewable energy sources saw a rise