India launches new renewable energy initiative

New Renewable Energy Initiative - Green Field

Country intends to reach 200 GW of installed clean power capacity by 2020 The Indian government has announced plans to show more support for renewable energy. The country intends to tender enough clean power projects over the next three years to reach its 200 gigawatt capacity goal by 2020. Initially, India’s plan was to have 175 gigawatts of clean power capacity in place by 2024. Now, however, the country believes that it can surpass this goal by embracing a range of new projects that generate electricity from the sun and…

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India seeks to increase wind energy capacity before the end of the year

Wind Energy in India - Wind Turbine farm

Government plans to auction 4,500 MW of wind energy capacity The Indian government is looking to fast track new wind energy projects. The government has announced plans to auction some 4,500 megawatts worth of wind projects within the next four months. This plan is part of the country’s overarching efforts to upscale its wind energy capacity. The auction will be held by the Solar Energy Corporation of India. Despite the organization’s name, it has involvement in various forms of renewable energy, particularly wind power. Auctions for new projects will be…

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Renewable energy in India gets more support from European Investment Bank

Euro - European Investment Bank Supports Renewable Energy

Bank is investing more than $900 million into India’s renewable energy market The European Investment Bank has announced that it will be providing more than $900 million to India’s renewable energy space. The bank is also partnering with the Indian Renewable Energy Development Agency and the India Infrastructure Finance Company. Through this partnership, the bank will help deploy new affordable solar energy systems. The funding will help provide more momentum to India’s growing clean energy space, which has been growing in recent years due to government support. Funding will help…

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India could beat its renewable energy goal before 2022

India Renewable Energy - Field of Sunflowers

Country is on track to surpass its renewable energy target ahead of schedule India may be on track to surpass its renewable energy goal ahead of schedule. An official from the Ministry of New & Renewable Energy recently claimed this to be the case. This is largely due to the country’s rapidly growing clean power capacity, especially where wind and solar energy are concerned. The government had set a goal of having some 175 gigawatts of operational clean power capacity in place by March of 2022. Government aims to reclassify…

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India to reach 155 GW of renewable energy capacity by 2026

India Renewable Energy Goals - Green Landscape in India

Revised analysis shows that India’s clean power capacity is growing more quickly than expected India is on track to reach 155 gigawatts of renewable energy capacity by 2026, according to a revised BMI Research analysis. The country has been working to embrace clean power for several years now. Hydropower has already established a strong presence in India, but the majority of the country’s new clean energy capacity will come from non-hydropower sources. Notably, solar and wind power will play a major role in accomplishing this goal. Solar power may become…

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China and India are on their way to meeting their Paris Agreement goals

Climate Change - Moving Toward Meeting Paris Agreement Goals

China and India may meet their Paris Agreement goals before other countries Both China and India are well on their way to meeting the goals established by the Paris Agreement. The agreement calls upon several countries to make significant cuts to emissions production and embrace renewable energy more aggressively. Analysis from Climate Action Tracker shows that policies in both China and India are helping these countries target emissions. Both of these countries are outpacing the United States in terms of emissions reduction, partly due to shifting support of the Paris…

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India is focusing heavily on electric vehicles

Electric Vehicle - Car Being Charged

India may have a massive market for electric vehicles by 2030 India is making a major push to promote clean transportation. The country hopes to have an all-electric vehicle fleet by 2030 in order to cut down on emissions and reduce the costs associated with fuel imports. Electric vehicles are becoming more popular in India because they are somewhat less expensive than their conventional counterparts. They also provide those living in large cities with an easy and efficient means of transportation. Government may need to support electric vehicles until market…

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India achieves major accomplishment with its renewable energy capacity

Renewable Energy - Indian Flag on Country Outline

India surpasses the 50 GW mark in renewable energy capacity India has reached another major milestone in its renewable energy sector. The Ministry of New & Renewable Energy has announced that the country’s operational grid-connected clean power capacity surpassed 50 gigawatts. More than half of this capacity comes from wind power, with solar energy coming in second. Hydropower, bioenergy, and waste-to-energy solutions make up the remainder of the country’s renewable energy capacity. While solar falls significantly behind wind in terms of capacity, India is considered one of the world’s fastest…

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NTPC aims to break into India’s growing wind energy market

India Alternative Wind Energy

Country’s largest energy producer seeks to build a new wind project India’s largest energy company, NTPC Limited, is preparing to enter into the wind energy market. Wind power has become one of the fastest renewable energy sectors in the country, presenting companies with new opportunities as India seeks to become more environmentally friendly. NTPC has announced plans to build its first wind energy project, following months of breaking into the quickly growing solar sector. The company hopes to find similar success in the wind energy market that it has seen…

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India wants to have only electric cars by 2030

The country has set a high green goal by aiming to put 100% electric-powered cars on the road in less than 15 years. India’s Minister of State for Power, Coal, and New and Renewable Energy, Piyush Goyal, is developing a plan to make every car on the road in the country an electric vehicle (EV) by 2030. Goyal announced this ambitious goal at the Conference on Young Indians. According to Goyal, under the plan, electric cars would be given with zero upfront payment, with the user paying for the vehicle…

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Wind energy may be harnessed from fast moving Metro trains

Delhi University students may have discovered a new way to generate wind power. A group of ten students from Delhi University’s physics and computer science department have received permission from Delhi Metro Rail Corporation (DMRC) to install a turbine at one of the underground metro stations to see if it can successfully harness wind energy generated by the trains. A battery measures the power generated by the turbines. The turbine has been installed at the Chandni Chowk metro station and was carefully positioned along the underground tracks located at the…

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Renewable energy developers see promise in India

Energy developers are looking to solve the power deficiency issue in some Indian states Energy developers from around the world are converging on India in order to take advantage of the power deficiency that can be found in many states. Political issues last year saw the formation of a new state in India, called Telangana. The newly form state currently lacks the distributed energy infrastructure it needs to operate effectively, and this has placed pressure on surrounding states. This has created a promising opportunity for developers, however, especially those that…

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India intends to invest billions in renewables

The nation needs to combat chronic energy shortages. According to India’s Power Minister Piyush Goyal, in order to deal with its persistent shortages of energy and to be able to provide power for its 1.2 billion citizens, it is necessary for the country to make a $250 billion investment over the next five years, with $100 billion of investments in renewables, reported Reueters. This huge investment would need to come from the government and the private sector. Goyal said that while the government would invest more money, the bulk of…

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Indian company invests in renewable energy projects

NLC makes $82 million investment in wind and solar energy projects, spurred by government incentives and interest in clean energy The Neyveli Lignite Corporation (NLC), a large coal producer in India, has announced that it will be investing $82 million into solar and wind energy projects. Indian companies have been growing increasingly interested in renewable energy in recent years, partly due to the economic prospects of clean power. The Indian government has also been adopting policies that make it mandatory for companies to spend a part of their profits on…

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Asian Development Bank backs Indian renewable energy company

Bank invests in India’s Welspun Renewable Energy The Asian Development Bank has made a significant investment in Welspun Renewable Energy, an energy organization operating in India. Welspun currently boasts of a total capacity of 309 megawatts in its renewable energy capacity throughout India, an additional 200 megawatts worth of new projects currently under construction and 1.2 gigawatts worth of projects in various stages of development. The investment from the Asian Development Bank gives the bank a 13.3% stake in Welspun. India continues to prove itself to be a very active…

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New joint ventures aim to support renewable energy in India

Renewable Energy - Joint Venture

Indian government is backing the formation of two joint ventures that will help build clean energy projects Two new joint ventures are expected to take form in India within the coming months. Both ventures will be state-owned and will be responsible for t he construction of renewable energy projects throughout the country. These ventures will help bring these projects online more quickly, thereby helping India make progress toward meeting its own energy goals. The National Action Plan on Climate Change has recommended that the country derive no less than 10%…

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