India’s renewable energy expansion is set to overtake that of the European Union (EU) for the first time by 2022. The installed renewable energy generation capacity in the country would also double by then, says a report titled, Renewables 2017, released by the International Energy Agency. Solar photovoltaic (SPV) and Read more
The Ministry of New and Renewable Energy (MNRE) has taken several steps to realize the largest renewable capacity expansion programme in the world, which is being taken up by India. The government is aiming to increase the share of clean energy through massive thrust in renewables. Core drivers for development Read more
Renewable energy tariffs that have already tumbled to a record low will fall further and help India achieve its ambitious targets for generating green electricity, Secretary, MNRE, Shri Anand Kumar said. “In the years to come, with the technology improving, we expect that the tariffs would go down further, both Read more
A five-year ‘masala bond’ issued by the Indian Renewable Energy Development Agency (IREDA) was listed on the London Stock Exchange, raising nearly $300 million (19.5 billion), with a coupon of 7.125%. The green ‘masala bond’ on London Stock Exchange’s International Securities Market is certified by Climate Bonds Initiative, an international, Read more
More than 70% of the countries in the world—including the UK, US, China and other major economies—could run entirely on energy created by wind, water, and solar by 2050, according to a roadmap developed by scientists. And they pointed out that doing so would not only mean the world would Read more
Indian Renewable Energy Development Agency Limited (IREDA) and Rewa Ultra Mega Solar Limited (RUMSL) signed an agreement on January 31, 2018, for financing the shared infrastructure of two large solar parks in Madhya Pradesh. The Ministry of New and Renewable Energy (MNRE), The World Bank, and IREDA have been able Read more
Engineers at the University of Maryland’s A James Clark School of Engineering have created a novel technological solution to the pressing global challenge of water scarcity by creating a suite of solar steam generation devices that are at once efficient, easily accessible, environmentally friendly, biodegradable, and extremely low cost. Inspired Read more
In one of its first outreach programmes post-ratification, the International Solar Alliance (ISA) hosted a two-day event ‘International Solar Alliance Forum’ during January 17–18, 2018, at the Future World Energy Summit (WFES) 2018. WFES is a signature event of a global initiative, Abu Dhabi Sustainability Week, hosted by Masdar scheduled during January 15–18, 2018, at Abu Dhabi (UAE). During Read more
The Government has announced the trajectory for achieving its targets of commissioning 175 GW of Renewable Energy (RE), 100 GW of solar generating capacity and 60 GW of wind power, by 2022 on November 24, 2017. Addressing the gathering, Union Minister of State (IC) for Power and New & Read more
The resurgence in oil and gas production from the United States, deep declines in the cost of renewables and growing electrification are changing the face of the global energy system and upending traditional ways of meeting energy demand, according to the World Energy Outlook 2017. A cleaner and more diversified Read more