The growing incoherence between the Centre’s policy thrust on renewable energy and the actual action by the implementation agencies such as the Solar Corporation of India and state distribution companies is clouding the prospects for green power.
Implementation of the goal may not be that easy as renewable energy is costly and the sector is facing headwinds.
The Japanese ambassador has advised Reddy to re-examine his decision.
LCOE represents the average revenue per unit of electricity generated that would be required to recover the costs of building and operating a generating plant during an assumed financial life and duty cycle.
Structural issues in the wind power sector, wrong management calls, poor financial numbers and the very structure of FCCBs offer a clue on why bondholders would be lucky to get their money back.
The suggestions were put forward by representatives of power industry in a day-long brainstorming session chaired by Power and New & Renewable Energy Minister R K Singh to seek stakeholders' views for preparation of five-year vision document for energy sector in the national capital.
'By 2030 India plans to establish 500 GW of Renewable Energy capacity,' said Anand Kumar, senior official at India's renewable energy ministry.
India’s corporate sector accounts for close to 50 percent of the country’s electricity consumption, but despite a strong business case for renewable procurement, numerous barriers and opportunities for improvement prevail.
Kadam also said nearly 56 per cent of the capacity auctioned in 2018 has been accounted for by central agencies, such as Solar Energy Corporation of India and NTPC Ltd, with the balance by state nodal entities and discoms under various state-level programmes.
The renewable energy targets would require investment in feeder lines and infrastructure upgrades.
The year 2017 saw new solar installations of 9,782 MW.
India's total solar installed capacity and pipeline stood at 28,057 MW and 17,658 MW as on December 31, 2018, according to the report.
Coal remains the principal energy driver in the near term as India still depends on the polluting fuel for three-fourths of its energy requirements.
Scientists replaced the titanium dioxide with tin dioxide that is a stronger conductor which does not degrade as fast as the former material.
According to statement during the interaction with the officials of the Ministry of Power and MNRE, the delegates were exposed to various dimensions of India's power and renewable energy sectors.
Total installed power capacity of renewable energy has also grown from 14 percent in FY15 to over 20 percent in the current fiscal
The Mark Zuckerberg-led company has joined competitors such as Google and Apple to achieve 100 percent of its total operations through renewable energy.
The state is becoming increasingly dependent on unconventional energy resources since coal prices are on the rise.
The company has organically added 159 MW wind and solar capacity in financial year 2016-17 along with the acquisition of Welspun Renewables Energy last year.
The government's power projection indicates that India will have to bid out 140 GW of wind energy to meet demand by 2030, he said, adding the country would complete bidding of 60 GW of wind energy by 2020.
As per Infosys' 11th Annual Sustainability Report, 43.7 percent of the company's electricity requirements -- equating to more than 100 million units -- is sourced from renewable sources.
He said India was a leading player in the renewable energy movement and has positioned itself in this arena in a short span of time
The government has even floated a tender to buy 2,000 MW of solar and wind power combined to use the leeway provided by the ministry of power
With pass through of any hike in duties, solar power developers will be allowed to increase the tariffs based on which they have bagged the projects, so as to recover the extra cost.
New & Renewable Energy Secretary Anand Kumar, stressed that the country would achieve its target of 175 GW of installed renewable energy capacity well before 2022 adding that ISA shall help mobilise sufficient funds for solar energy projects.