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Feature |
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| Energy Summit--Transformation to a Low Carbon Future | ||
| IIT Madras Energy Consortium hosted the Energy Summit 2022 at the IIT-Madras Research Park. The two-day event that began on December 8th, witnessed participation from over 400 industry leaders, faculty, researchers, students, policymakers and government officials. The 2022 edition of the flagship event showcased emerging technologies and focused on climate action in India, and essentially the world, through various sessions. Key themes for this year’s summit were energy efficiency, economics and climate finance; CO2 capture technologies, utilization and storage; hydrogen economy; renewable integration and storage; and transitional energy pathways. READ MORE |
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News Updates |
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| Parliament passes Energy Conservation (Amendment) Bill | ||
| On December 12th, 2022, the Rajya Sabha passed the Energy Conservation (Amendment) Bill-the aim is to mandate non-fossil sources of energy and establish a domestic carbon market in India. Minister of Power and New & RE, said, "We are relentlessly marching ahead towards our target of reducing India's carbon intensity by 45% by 2030." | ||
| India aims to achieve 500 GW of non-fossil fuel based electricity by 2030 | ||
| The Ministry of Power had constituted a committee under the Chairperson, CEA, with representatives from Solar Energy Corporation of India, Central Transmission Utility of India Ltd, Power Grid Corporation of India Ltd, National Institute of Solar Energy, and National Institute of Wind Energy for planning a transmission system required for having 500 GW of non-fossil fuel based installed capacity by 2030. | ||
| Workshop deliberates on solar rooftop scheme-II | ||
| The sixth national workshop on Rooftop Solar Programme Phase-II and PM Kusum Scheme was inaugurated by Lalit Bohra, Joint Secretary, Ministry of New and Renewable Energy (MNRE). Officials from distribution companies, state governments and state implementing agencies shared their experiences and discussed various issues and possible solutions to overcome the challenges being faced in implementation of these schemes. | ||
| Rooftop Solar Programme extended till 2026 | ||
| The Rooftop Solar Programme has been extended till 31.03.2026 and therefore, subsidy under the programme will be available until the target under the Programme is achieved. In an official release, the MNRE said, "All residential consumers are hereby advised not to pay any additional charges to any vendor on account of fee for application on the National Portal or any additional charges for net-metering/testing which are not prescribed by the respective distribution company." | ||
| Minister details on progress of KUSUM scheme | ||
| Under the PM-KUSUM Scheme, the aim is to achieve a target of 10,000 MW capacity through installation of grid-connected solar power plants each of capacity up to 2 MW under Component A and solarisation of 35 lakh agriculture pumps under Component-B and Component-C. Till October 31, 2022, an aggregate solar capacity of 73.45 MW was installed under Component- A of the Scheme against the total allocation of 4,886 MW capacity and over 1.52 lakh agriculture pumps were reported solarised against the allocation of 33.5 lakh pumps under the Scheme. | ||
| Comments on Electricity Plan extended to Dec. 15 | ||
| The Central Electricity Authority (CEA) had prepared the Draft National Electricity Plan (Volume I Generation) and published it on the website for stakeholders’ comments /inputs for 90 days (till December 5, 2022). However, as most of the stakeholders requested for extension of deadlines for submission of comments, the last date has been extended till December 15, 2022. | ||
| Partners Group to acquire Sunsure Energy | ||
| Partners Group announced on December 8, 2022 that it will invest up to $400 million to transform Sunsure into a next generation independent power producer. In turn, Sunsure will help businesses in India meet their decarbonisation targets. The Platform targets 3 GW of capacity from Partners Group's equity commitment. Founded in 2015, Sunsure has historically built solar plants for Commercial & Industrial customers and third-party renewable power producers in India. Under Partners Group's ownership. | ||
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State Scan |
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| MSEDCL invites RFS for 300MW of wind power | ||
| The Maharashtra State Electricity Distribution Company Ltd. (MSEDCL) has invited RFS (request for selection) for procurement of 300 MW of wind power on a long-term basis through a competitive bidding process from inter-state wind power projects. The last date for submitting the (online) bid is January 06, 2023, till 4 pm and the bid will be opened on the same day. The successful bidder and MSEDCL will enter into a power purchase agreement (PPA) for 12 years beginning on the PPA execution date. | ||
| GWEC releases TN Wind Energy Roadmap | ||
| Tamil Nadu’s renewable energy resources can deliver both clean energy and clean industry to the state and give it a pivotal role in Asia’s clean energy transition, according to a new roadmap that was released by the Global Wind Energy Council on December 9, 2022. | ||
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Reporter's Diary |
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| Solar the best bet | ||
| Maitreyi Karthik Mercom India organised the Clean Energy Meet in Noida on December 9, 2022. The agenda for the event included Clean Power Purchase-Options and Technologies (maximizing returns on investment), rooftop solar installation and innovative financing solutions. |
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| CII meet discusses financing the transition to green | ||
| Binit Das At the second edition of the CII Global Economic Policy Summit that was held in New Delhi on December 8 and 9, 2022, the theme was "Economic Policy for a Future Ready Economy." In one of the sessions that centred around Financing the Green Transition, some of the key challenges came up for discussion. Issues such as how certain projects could be financed, how the burden could be shared between public finance and private finance and how low-income countries could be supported in their transition to green finance were deliberated upon. It is estimated that achieving the goal of net zero on a global scale by 2050 is likely to cost $3.5 trillion a year. |
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Reports |
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| New solar PV installations to double in India: IEA | ||
| In India, new installations are set to double---led by solar PV and driven by competitive auctions implemented to achieve the government’s ambitious target of 500 GW of non-fossil capacity by 2030, a report released by the International Energy Agency on December 6, 2022, said. "India’s Production Linked Incentives initiative closes nearly 80% of Indian manufacturers’ investment cost gap with the lowest-cost manufacturers in China," it added. | ||
| Companies acquire over 23 GW of RE | ||
| With the demand for RE growing unabatedly in India, more and more companies are vying to get hold of a considerable share of the country's RE market. Over 23GW of RE generation assets changed hands via acquisition-type deals. From 2016 to 2020, the total annual volume of RE asset acquisition hovered around 1.5GW. However, in 2021 and 2022YTD, the total annual volumes are 7GW+ each. | ||
| Coal versus RE: Investments in the energy sector | ||
| This report reveals that for the first time, 100% of the value of the project finance loans identified in 2021, went to renewable energy projects. This is a considerable increase compared to 2020, where renewable energy loans accounted for just 74%. However, the total funding for new energy projects in 2021 was 60% lower compared to what it was in the year 2017. Moreover, when inflation is taken into account, the real value of the amount lent to new energy projects in 2021 shows a decrease compared to the year 2020 as well. | ||
| Renewable Energy Unit
Centre for Science & Environment New Delhi |
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| Centre for Science and Environment (CSE)
Renewable Energy Unit 41, Tughlakabad Institutional Area, New Delhi. India - 110062 Tel: +91-11 29955124, 29956110 | Fax: + 91-11 29955879 | E-mail: sapna.gopal@cseindia.org |
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