Power

Offshore wind gets financial incentive in Budget 2024

The FM's announcement is significant as currently, there are no offshore wind projects in India. The country only has land-based wind farms as of now, totalling a capacity of 44,089.68 MW.

Budget 2024: Green energy sector seeks more incentives, tax relaxations

An area where increased CapEx is required, according to industry stakeholders, is setting transmission lines for evacuation of the upcoming renewable energy capacities.

Q3 results: Adani Power net profit at Rs 2,737.96 crore

Its revenue from operations came in at Rs 12,991.4 crore, up 67 percent from Rs 7,764.41 crore in the same quarter last year. Total revenue increased 61 percent to Rs 13,355.3 crore from Rs 8,290 crore.

IEX Q3 Result: Net profit up 19 percent at Rs 92 crore

The company also announced an interim dividend of Rs 1 per equity share, having a face value of Rs 1 each for the financial year 2023-24.

Thermal power plants' capacity utilisation to rise to 69% in FY'25: ICRA

The capacity utilisation of thermal power plants will increase by a percentage point to 69 per cent in 2024-25, led by the growth in electricity demand and limited thermal capacity addition, says rating agency ICRA.

Indian government to offer Rs 8,500 crore financial assistance for coal gasification projects: Union Cabinet

Coal India will supply coal at notified prices and with production ramping up, it is estimated that imports worth Rs 1.3 lakh crore can be substituted with domestic production, Union minister Pralhad Joshi said on January 24.

REC Q3 results: Net profit up 13.6% at Rs 3,269 crore, NII climbs 18%

The company's net profit in the third quarter of the previous fiscal stood at Rs 2,878 crore.

Here Comes The Sun: How solar energy could help warm Kashmir’s bitter winters

J&K and Ladakh have the second highest solar energy potential in India, but Kashmir is yet to harness the same to meet its energy requirements, which are especially high in winter.

A power-packed plan that needs political will to work

Smart meters, efficient discoms key to round-the-clock electricity supply 

MC Interview | Coal ministry PSUs together to have 12 GW renewable energy capacity by 2030: Pralhad Joshi

The Union minister said sunset for the coal industry is a long way off given the rising demand for energy from a growing economy. He confirmed that the government has decided to offer a 50 percent discount on revenue share for underground mining in commercial coal mines and also for coal gasification.

Budget 2024: Look beyond sops to energise RE growth

More than budget incentives, the massive financing need has to be addressed to take care of the snags that dim the progress of clean power

Exclusive: Coal push may continue even after doubling capacity by 2030, says Pralhad Joshi

Coal accounts for about three-quarters of India’s power generation and its demand is seen to be rising despite the country’s renewables plans. India has seen spikes in peak demand for electricity in the last two years, even as it has struggled to add renewable energy capacity in line with its goal of 500 GW of non-fossil fuel capacity by 2030

Budget 2024: Budget should push round-the-clock electricity generation capacity

Budget 2024: After falling to miniscule levels in 2018-2020, peak power deficit rose to an eight-year high in 2022-2023

Coal India’s supplies to power plants jump 5% YoY, at all-time high to non-regulated sector

The supply to NRS consumers peaked to an "all-time high" of 98 mts between April and December, 31 percent higher as against a supply of 75 mts recorded in the year-ago period, Coal India said

Rising demand for windmills improve project pipeline for Suzlon, Inox Wind

Both Suzlon and Inox Wind reported large order wins in December 2023

No plan to offer viability gap funding for pumped storage projects: RK Singh

PSPs require a high capital expenditure, but in the long run, they are cost and space-effective since they have a much longer life than battery energy storage systems (BESS) and do not require mining of critical minerals, which currently is mostly imported in India.

2024: A year when all new power sector policies will spring into action

The New Year is set to see renewable energy growth, coal fired capacity addition, solar manufacturing expansion, and the commissioning of major hydropower projects.

Union Budget@10: A decade of renewable energy surge, but transmission and manufacturing lag

The last ten years have seen progress in capacity addition, consumer rights, and reduction in losses, but manufacturing facilities for renewable energy and transmission infrastructure are way behind targets.

Why COP28 matters little for NTPC investors 

India’s dependence on coal-based power rose in April-November 2023 despite muted capacity additions

Solar project developers in a sweet spot over steady tariffs, falling costs

Solar module prices almost halved in the past one year

Exclusive | ALMM for solar panels may be implemented from April 2024, say govt officials

The list was kept in abeyance to boost the number and capacity of solar installations in the country. As a result, domestic manufacturers were hit by the huge imports of components. The implementation of the list will ensure a level playing field for domestic players.

ISA forecasts soaring global solar capacity of 75,000 GW by 2050 propelled by long duration storage

The report estimates that LDES will become a $4 trillion industry by 2040, with an installed capacity potential of eight terawatt (TW).

COP28: Ahead of Modi's speech, India firms up stand against 'phasing out' fossil fuels

With these statements, India is only strengthening its stand of not phasing out fossil fuels to ensure energy security, while also keeping electricity affordable.