Page 4 - Renewable Energy Policy

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

Sweco to design one of Europe's largest battery energy storage system

Amid this backdrop, EU regulators last month approved a 682 million euro Belgian state aid scheme to support renewable offshore wind energy

India can emerge as a hub for green shipbuilding: Maritime expert

India has "great potential" to emerge as a hub for green shipbuilding, backed by the government's strong focus on alternative fuels and renewable energy, a maritime industry expert said on Wednesday. Modernisation and upgradation of Indian shipyards is in progress, while older dockyards are being assessed for reopening and adding more capacities for green shipbuilding given a strong pickup in global demand, said Cristina Saenz de Santa Maria, Regional Manager South East Asia, Pacific & India, Maritime at DNV, a Norway-based testing, certification and technical advisory services provider. "We see great potential in India emerging as a hub for green shipbuilding, driven by its government's strong focus on alternative fuels and renewable energy like biofuels and wind power," said the industry veteran. The Indian government is encouraging investments and technology transfer from Japanese and Korean shipyards to establish shipbuilding and ship repair clusters in the country. This comes

Hydrogen project investments are accelerating but uncertainty remains: IEA

Demand targets, however, are only just over a quarter of the production projects, and progress made so far in the hydrogen sector is not sufficient to meet climate goals, the IEA added

IBA expects to attract Rs 1,600 cr investment for biogas sector at REI 2024

Indian Biogas Association (IBA) is expecting around Rs 1,600 crore investment in the sector during Renewable Energy India Expo (REI) 2024, beginning on Thursday. IBA, the country's leading body representing biogas operators, manufacturers, and plant planners, is optimistic about the opportunities the high-profile event will bring. Talking to PTI, IBA Chairman Gaurav Kedia said, "REI 2024 is expected to see investment announcements of around Rs 1,600 crore in the biogas sector". He stated that the REI Expo 2024 is expected to attract 20 per cent more participation compared to last year. Kedia emphasised the vast untapped potential of the biogas sector. He pointed out that, despite its current contribution to the energy mix being less than one per cent, the sector is poised for substantial growth and could play a pivotal role in India's energy future by 2030. The association is confident that the expo will generate significant momentum for the biogas industry. The Bio-Energy Pavil