Category: Alternative/Renewable

October 21, 2015

India’s cumulative installed capacity will more than double from 272.8 Gigawatts (GW) in 2014 to 609 GW by 2025, representing a Compound Annual Growth Rate of 7.3 per cent, according to research and consulting firm GlobalData. The company in a report “India Power Market Outlook to 2025, Update 2015 – Market Trends, Regulations, and Competitive Landscape,” states while coal-generated thermal power will continue to dominate, India’s renewable and nuclear energy sectors are both set to record impressive growth during the forecast period.

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October 16, 2015

China’s construction equipment manufacturer Sany Group today expressed its intention to invest up to USD 5 billion (about Rs 33,000 crore) on renewable energy, construction equipment and housing sector in India. The company has committed to Prime Minister Narendra Modi to develop 2,000 MW of renewable energy projects in India at an investment of USD 3 billion (about Rs 20,000 crore), which is expected to create 1,000 jobs over next five years.

 

The intention to invest USD 2 billion was expressed by Sany Group Chairman, Liang Wengen during a meeting with Modi as well as Urban Development Minister Venkaiah Naidu earlier in the day. Besides generating 4.8 TWh (terawatt-hours) of green and clean power annually, these projects will generate 1,000 jobs and prevent carbon emissions of around 3.6 million tonnes per year, it added. 

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October 15, 2015

At over 36,000 Mw, renewable energy contributes nearly 15 per cent of the country’s total installed electricity generation capacity. If the capacity addition of renewable projects such as solar and wind were to happen as per plans, this number is expected to go up to 1,75,000 MW by 2022.

The steady ramping up of green power — solar, for instance, was just 2MW in 2010 but is now over 4,000 MW — does go a long way in ensuring some degree of leverage for India at climate talks, but simultaneously poses a serious challenge for grid managers. The availability of solar and wind energy is largely determined by the weather conditions, and therefore characterised by strong variability. As a result, power generation from these sources cannot easily be matched to the electricity demand, like power generated from conventional plants such as coal-fired units and gas stations. Integration of large amount of fluctuating RE in the grid is a serious technical challenge for grid managers to ensure smooth operations of the Indian grid — the fifth largest in the world. To compound matters, RE generation forecasting in the country is in its early days.

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October 15, 2015

Welspun Renewables today said it has received another round of funding of $ 617 million, two-third of which was in the form of debt. The company said it has generated $ 405 million debt and got $ 165 million as equity. Another $ 47 million is in the form of line of credit.
It, however, did not disclose details of the investors putting in the $ 165 million equity.

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October 14, 2015

NEW DELHI: Countries have to work towards making their renewable energy system more secure and sustainable, even as their governments need to remove this concern that clean energy sources cannot achieve full potential, says an International Energy Agency (IEA) report.

“Governments must remove the question marks over renewables if these technologies are to achieve their full potential, and put our energy system on a more secure, sustainable path,” IEA Executive Director Fatih Birol said. Releasing the ‘Medium-Term Renewable Energy Market Report 2015’ in Istanbul, Birol said, renewables are poised to seize the crucial top spot in global power supply growth, but this is hardly time for complacency. According to IEA annual market report, renewable energy will represent the largest single source of electricity growth over the next five years, driven by falling costs and aggressive expansion in emerging economies.

Pointing to the great promise renewables hold for affordably mitigating climate change and enhancing energy security, the report warns governments to reduce policy uncertainties that are acting as brakes on greater deployment. It said that renewable electricity additions over the next five years will top 700 gigawatts (GW) – more than twice Japan’s current installed power capacity. They will account for almost two-thirds of net

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October 14, 2015

ISTANBUL: Renewable energy initiatives by countries like India and China are outshining efforts of the developed world and breaking the trend of economic growth leading to higher emissions as fossil fuels will now fire only half of new power stations being built across the world, the International Energy Agency said.

“Renewable energy will represent the largest single source of electricity growth over the next five years, driven by falling costs and aggressive expansion in emerging economies,” the energy watchdog of the developed world said in its annual market report, which was released at the G-20 Energy Ministers meeting in Istanbul. Total new renewable capacity to be added in the next five years will be 7 lakh megawatts, which is more than double Japan’s current installed capacity. Along with the addition of new renewable energy plants, some of the old fossil-fuel capacity will also retire, making clean energy plants account for two-thirds of the new capacity being added, IEA Executive Director Fatih Birol told reporters.

Birol however emphasised that government support for renewable projects remains critical as investors would be driven away if policies are not consistently supportive. Solar and wind energy plants also have issues such as generation from solar panels shutting down at night and windmills able to work only when t

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October 14, 2015

NEW DELHI: Renewable energy will represent the largest single source of growth in power generation over the next five years on the back of falling costs and aggressive expansion in emerging economies, the International Energy Agency said on Friday, a day on which India dramatically raised the climate bar on the back of its green energy push. India pledged to reduce its greenhouse emission intensity by up to 35% by 2030 from 2005 levels, marking a dramatic increase of 75% over its present voluntary commitment. Rapid expansion of renewable energy capacity and replacement of old coal-fired power stations with more efficient ones have been at the core of the Narendra Modi government’s climate mitigation plans.

The government recently raised the target for renewable energy sources to 175 GW (giga watt) by 2022. Of this, solar power target has been raised from a modest 20,000 MW to 100 GW. In 2014-15 alone, the target is set at adding 10,000 MW of solar capacity. Wind energy will contribute 60 GW and 10 GW of biomass and 5 GW of hydro-power. But for such rapid expansion to happen, the IEA warned in its annual market report, governments must reduce policy uncertainties that are acting as brakes and blocking an affordable method to mitigating climate change.

The report said renewable electricity additions over the next five years will t

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October 12, 2015

NEW DELHI: The savings generated by using renewable energy sources can be used to create a fund to deal with the problem of climate change, Railway Minister Suresh Prabhu has said. “Savings using renewables can be used to create a fund to deal with the problems of climate change,” Prabhu said while addressing a conference on ‘Energy Security and Green Growth in India’ by CUTS International here. Outlining the importance of renewable energy sources or green energy, the Minister said that for dealing with the issue of emission, money is needed for creating a model and its efficient management. He said Germany can be India’s natural partner in promoting renewable energy, especially solar power, because it has the technology and India has abundant sunshine.

Commending Germany’s ability to manage renewable energy, he said its 30 per cent energy needs are met by renewables and plans to meet 80 per cent demand from clean sources by 2050. On the issue of free power being provided for farm sector by states, Prabhu said he had pursued states to stop providing free electricity to farm sectors when he was Power Minister from 2001 to 2003. He said that the then government pursued the state to stop giving free power by giving incentives like setting up of power plants in

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October 10, 2015

The share of renewable energy in India’s installed power generation capacity might surpass that of hydropower. A push in this regard by both the Centre and states has increased the share of renewable energy to 14 per cent of the energy basket, against 15 per cent for hydro. The share of hydro is likely to decline further, with more than three dozen hydropower projects, accounting for about 26,000 megawatts (Mw), yet to be considered for construction, despite having secured the approval of the Central Electricity Authority.

Besides rehabilitation and resettlement issues, a delay in securing environment clearances have stalled hydropower projects. On the other hand, renewable energy projects, especially solar power plants, could add capacity quickly, said N Venu, president (power systems), ABB India. “Now, hydropower is in a drop stage. In the past year, we have received orders for about 1,500 Mw of equipment from renewable energy projects, while orders from hydropower projects have slowed,” he said. Through the past three years, the installed capacity of hydropower projects has remained around 40,000 Mw, while that of the renewable energy sector has

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October 10, 2015

NEW DELHI: The Delhi Secretariat will soon become the first state secretariat of the country to run completely on renewable and solar energy, the AAP government today claimed. To achieve the goal of making the national capital a “Solar City”, Delhi government said that it has decided to start the work from Delhi Secretariat itself. “Delhi Government in association with Ministry of New & Renewable Energy (MNRE), is setting up a 3 MW ground based Solar Power Plant at the vacant land of Indraprastha Power Station. 

“This Solar power plant will be a showcase power plant that will supply power directly to Delhi Secretariat for the next 25 years. This will make Delhi Secretariat, the first State Secretariat of the country running completely on the renewable and green energy making it an environment friendly green building,” a senior government official said, adding that the work on the project has already been started. 

Besides making the Secretariat a green building, it will also bring down the electricity bills of Delhi Secretariat considerably. The official said that the plant will utilise latest technology including the tracker mechanism which will track the movement of sun for the maximum output. Delhi Government is also taking up steps to convert Delhi Secretariat into the most energy-efficient buil

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