The inauguration of Indian Navy’s largest solar power plant last week and an industry-wide appeal to scale up electric mobility show that India is well on the road to a 100% switch from fossil fuels to electric power by 2030.
While the world is taking note of the environmental impacts of the virus, it will be necessary to find methods to sustain it in a post-pandemic world.
UK-based Faradion’s plans to set up a manufacturing base for its sodium-ion batteries for electric mobility, energy storage and mobile applications marks a major win for Make in India. Highlights: UK’s Faradion recently announced plans for an initial 1GW capacity sodium-ion manufacturing base in India. The UK has since become a key green finance partner for India’s renewables mission, including a partner country on a series of India-led initiatives like the ISA. India and the UK also committed £240 million of anchor capital in the Green Growth Equity Fund. There is a decisive shift in [...]
Editorial The increasing focus on renewables in India is drawing in several foreign companies. Earlier this year, it emerged that India’s annual electricity generation from coal-fired utilities fell in 2019 for the first time in a decade, reflecting an increased use of renewable energy. The contribution of solar and wind energy to India’s overall energy generation rose to 8.8 per cent, more than double their share of 3.6 per cent in 2015, according to official Indian government figures. India has [...]
Nandita Sahgal Tully, MD Merchant Banking at ThomasLloyd, talks ‘India Global Business’ through the company’s recent investment in Indian solar energy company SolarArise, the wider impact on the renewables sector and the growing influence of impact-based investments. What are the objectives behind Thomas Lloyd’s investment in SolarArise? ThomasLloyd’s philosophy is to invest where its money makes a difference. This is very similar to the philosophy of the management team of SolarArise of building high quality solar assets leading to long-term value [...]
The green energy sector can provide an impetus for India and the UK to collaborate more closely. India’s electricity demand is expected to triple from 800 terawatt hours (Wh) to 2,400 TWh by 2030. Meeting this demand sustainably is a formidable task. India’s per capita power consumption is around one-fourth of China’s and is one of the lowest per capita emitter of CO2 in the world but it is also the third-largest CO2 emitter in the world with 76 per [...]
Sunil Misra, as Director-General of the Indian Electrical and Electronics Manufacturers Association (IEEMA), has an inside track on the country’s renewables challenge. He speaks to ‘India Investment Journal’ on what gives India an edge in this sector and how the 175GW target for renewable electricity generation by 2022 is on course. What are the main factors behind a surge in India's electrical industry sector? India has seen significant and continued growth in its GDP and per capita income. There has [...]
The Indian government’s resolve is to generate 175 GW of electricity from renewable energy by 2022 and increase the share of renewables in India’s energy mix to 40 per cent by 2030. Of the 175 GW, 100 GW will come from solar, 60 GW from wind, 10 GW from biomass and 5 GW from small hydrop projects. Here is a broad snapshot of the challenge.
India’s ambitious renewable energy targets will help the country pick up some of the slack created by Donald Trump pulling the US out of the Paris climate accord. Early June, the world was in shock. President Donald Trump of the US announced that he was pulling out of the Paris climate pact. The news wasn’t entirely unexpected, but the US withdrawal still raised question marks about the world’s ability to meet the goal of capping the rise in global temperature [...]