India has set ambitious renewable energy capacity targets for the next decade, with the aim of meeting 50% of its energy requirement from renewable energy sources and reducing the carbon intensity of its economy by 45% by 2030. The country plans to increase its non-fossil energy capacity to around 450-500 Read more…
According to a report by HSIE (HDFC Securities Institutional Equities), renewable energy (RE) capacity in India is expected to grow at a compound annual growth rate (CAGR) of 18% over the next decade, adding approximately 144 GW of RE capacity by 2031. The report suggests that the increase in RE Read more…
India is one of the world’s leading solar markets, with ambitious renewable energy targets. However, more than 80% of solar equipment used in power projects is imported from Asian countries such as China, Vietnam, and Malaysia. India’s domestic manufacturing capacity for cells and modules is largely underutilized, standing at only Read more…
SHV Energy, a leading global LPG distributor, recently invested Rs 18 billion in SunSource Energy, a solar energy solutions provider based in India. The investment is a significant step towards expanding SHV Energy’s renewable energy portfolio and contributing to India’s growing clean energy market. Equity investments like these are crucial Read more…
IndiGrid, India’s first power sector infrastructure investment trust, has announced a strategic investment of Rs 6.6 billion ($88.7 million) in Fotowatio Renewable Ventures (FRV), a leading global developer of renewable energy projects. The investment will enable IndiGrid to expand its renewable energy portfolio and contribute to India’s transition to a Read more…
The world is transitioning towards renewable energy, and India is no exception. The Indian government has set ambitious targets to increase the share of renewable energy in the country’s energy mix. This presents both opportunities and challenges for the power distribution sector (DISCOMS) in India. The DISCOMS need to take Read more…
Electricity distribution companies, or DISCOMS, are crucial players in the Indian power sector. These companies are responsible for supplying electricity to end consumers, including households, businesses, and industries. However, the financial health of DISCOMS has been a cause for concern in recent years. Many DISCOMS are facing losses and struggling Read more…
Electricity is one of the essential components of modern society, and its availability plays a significant role in the economic development of any country. India, being the world’s seventh-largest country and the second-most populous country, has a huge demand for electricity. In recent years, India has been rapidly expanding its Read more…
Renewable energy is the way forward, and the government’s push towards it has been visible in recent years. The capacity of renewable energy in India has grown at a compound annual growth rate (CAGR) of 17.33% from 2009-10 to 2020-21. However, the transmission of renewable energy to other states has Read more…
Renewable energy has emerged as one of the most critical sectors in India, given the country’s growing energy demand and concerns about climate change. The year 2022 has been a significant one for the renewable energy sector, with several major developments observed in India. In this article, we will discuss Read more…