New wind energy project gives a leg-up to JSW Energy's renewable energy ambitions. Execution and final cost will determine project returns
The 2015 landmark climate deal enjoins nations to limit global temperature rises to "well below" two degrees Celsius (3.6 Fahrenheit) through a rapid and sweeping drawdown of greenhouse gas emissions.
The "stretch goal," as CEO Sundar Pichai described it, will force Google to move beyond the tech industry norm of offseting carbon emissions from electricity use and require technological and political breakthroughs to achieve.
An international journal on solar technology will also be launched on the occasion. The first World Solar Technology Summit (WSTS) is being organised by the International Solar Alliance (ISA).
'This blanket extension, if invoked by the RE (renewable energy) developers, will be given without case to case examination and no documents/evidence will be asked for such extension,' said the statement.
Speaking at a webinar organised by the Council on Energy Environment and Water (CEEW), Kant said India offers an exciting long-term market for both domestic and international investors in clean energy space.
Policy issues need to be addressed to strike the right balance between green and conventional energy sources
GGEF already includes investments from the Government of India, through the National Investment and Infrastructure Fund (NIIF), and the UK government, through the Department for International Development (DFID).
Ashish Khanna has, however, issued a note of caution in regard to the need for the establishment of the right renewable eco-system in India.
Potential investors such as infra-focused private equity funds, sovereign wealth funds, global utilities and pension funds will be formally approached in the next weeks
"We have identified a few champion sectors," the DPIIT Secretary said, adding that these include leather, gems and jewellery, solar, renewables, pharmaceutical and textiles.
"MNRE has initiated action in big way towards setting up new hubs for manufacturing renewable energy equipments in the country to meet both domestic and also cater to global demand," the ministry said in a statement.
Just like the government has isolated virus-hit and virus-free districts, there is a need to isolate business verticals so that large sections of the economy don’t become sick, says CMD.
In the letter, the ministry said the power ministry has recently issued instructions providing for a moratorium to distribution companies or discoms for making payments to electricity generating companies in the wake of COVID-19 outbreak and the following nationwide lockdown.
The Singapore-headquartered Everstone Capital was co-founded by Sameer Sain and Atul Kapur in 2006.
For a government keen in promoting renewal energy, import duty on solar power cells and modules is seen as shooting itself in the foot
Total said it would create a 50/50 joint venture company with Adani Green Energy Limited, to set up green energy projects in more than 11 Indian states with a cumulative capacity of over 2 GW.
It is expected that RE capacity addition in 2019-20 will exceed the capacity addition achieved in the previous financial year which stood at 8,532.22 MW, he said.
The country is already working on the target of having 175 GW of renewable energy by 2022 which includes 100 GW of solar and 60 GW of wind energy.
Initially, the plan was to build a solar park of 2,000 MW capacity, but an additional 50 MW was added to generate a total of 2050 MW.
Centre, states must work together to cure ills afflicting electricity generation and supply
India's installed renewable energy generation capacity touched around 86GW by November-end. This includes solar, wind, small hydro, biomass, waste to energy and others.
The loans would be sanctioned to states at cost plus a nominal fee to clear dues worth Rs 67,237 crore owed to gencos till August-end.
The disproportionate impact felt by the thermal sector will have additional ramifications on the banking sector, which could in turn hamper efforts to boost the economy through credit growth.