Ministry of New and Renewable Energy (MNRE) will cut the pace of renewable energy auctions in FY26-27 amid surplus supply and connectivity hurdles. However, India is still on track to achieve its 500 GW non-fossil fuel-based power generation target by 2030, MNRE Secretary Santosh Kumar Sarangi told Moneycontrol.
Tata Power has 5.4 GW of projects in pipeline and we will be able to complete all this in the next two years. So, any new bid that we win will come only in the third year. This is in fact the current scenario for the entire renewable energy sector in India, which is why the government is reassessing its scale of tendering such projects, Sinha said.
The draft rules states that any organization that owns, operates, manages, or interfaces with power infrastructure connected to the electricity grid will have to prepare a board-approved cyber security policy, designate a Chief Information Security Officer (CISO), and align to standards by the Power Ministry.
Commerce Minister Piyush Goyal reiterated that India is holding talks with the US on a bilateral trade agreement (BTA).
The wind turbines will not just be 'Made in India', but 'Made in Andhra Pradesh' too. With Tata Power's project, wind energy farms will make a comeback in Andhra Pradesh after a hiatus of 6 years.
The UK will also support India on green hydrogen, civil nuclear energy, and offshore wind apart from helping it finance climate action.
Operating thermal power plants at low capacity to allow higher injection of renewable energy into the grid during the day is expensive and leads to higher per unit cost of coal-fired electricity
Attackers can enter the network through wind installations and move on to other high-value assets. India thwarted nearly two lakh cyberattacks targeting its power sector during Operation Sindoor.
India's peak power demand touched 243 GW this year, much lower than the previosuly projected 270 GW. Senior power ministry officials now expect to see the current year's peak power demand in September, courtesy an early onset of monsoon and pre-monsoon rains during summers.
The government will commission 3000 MW of pumped storage projects this year, according to Chairperson, Central Electricity Authority (CEA) Ghanshyam Prasad.
'The waiver of ISTS charges will gradually be phased out until June 2028 for solar and wind projects. It is now time to boost other aspects such as battery energy storage and pumped hydro for which we are now offering 100% waiver in ISTS charges for 25 years,' a senior MNRE official told Moneycontrol.
India has at least 13,348 abandoned oil wells with a potential of about 10,600 MW of geothermal power. But it has not exploited even 1 MW so far.
The milestone will put India in the league of countries like China, Iceland, Norway, Brazil, New Zealand and Denmark, where clean energy capacity is 50 percent or more.
The Central Electricity Authority (CEA) has estimated that India will need 37 GWh of BESS capacity by 2027, and 236 GWh by 2031-32. With the new VGF announcement India is poised to achieve a BESS capacity of 43.2 GW by 2027-28.
India looks set to reach its 2030 target of 50% non-fossil generation capacity ahead of schedule. There has been a surge in investment in renewables, led by solar PV, IEA has said in a report
With the monsoon arriving sooner, the Ministry of Power plans to reassess its peak power demand projections for this year, which are currently pegged at 270 GW.
Tata AutoComp Systems will manufacture batteries and provide them to Tata Power, which will execute all renewable energy power projects with battery energy storage systems, Tata Power CEO and MD Praveer Sinha told Moneycontrol.
A slew of renewable energy players opted out of the state between 2019 and 2023, but the Chandrababu Naidu administration is trying to change that with a new clean energy policy. Project approvals and land for ReNew's 2.5 GW project with 1 GWh of battery storage was cleared by the government in four months.
India and the UK are also going to collaborate on round-the-clock power supply technologies, industrial decarbonisation, and offshore wind supply chains and financing models, senior government officials told Moneycontrol.
If India manages only 400 GW of non-fossil capacity by 2030, it could face power shortage and need additional 10-16 GW of coal capacity, the Council on Energy, Environment and Water study has said
The domestic refinancing comes after Adani Green scrapped its $600 million dollar bond offering in November
Sinha said the Union Budget for FY26 aims to achieve high-impact growth while keeping the fiscal deficit within the 4.4 percent target, ensuring macroeconomic stability
Between January and November this year, the country added at least 24 GW of renewable capacity, double that of 2023, crossing the 200 GW mark. However, industry estimates show that nearly 40 GW of green projects have no takers.
The industry has sought transmission charges waiver and penalty for non-compliance to renewable purchase obligations (RPOs) to clear huge backlog of unsold renewable power agreements
For India to achieve 500 GW of non-fossil fuel power by 2030, significant and timely financial investments are needed to upgrade infrastructure and build new transmission lines, a CII and EY report has said