The survey, “Triggers and barriers of electric vehicle adoption”, released on Thursday, was conducted by Climate Trends and YouGov, an international research data and analytics group. A survey found that 80 per cent of end users of electric vehicles do not find charging a hassle and are willing to recommend it to others with high […]
‘Renewables Provide 37% of India’s Power Capacity’
From less than 20GW of solar power in 2010 it has grown to 96GW of solar, wind biomass and small hydro power in May 2021 — including large hydropower, renewables now provide 142GW or 37% of the country’s power capacity. Demand for fossil fuel electricity generation in India reached a plateau in 2018, and fell […]
World at Peak Fossil Fuel Generation As Emerging Markets ‘Adopt’ Renewables: CEEW Report
Fossil fuel electricity generation has peaked worldwide as emerging markets seize the opportunities of low-cost renewables, a report published by India’s Council on Energy, Environment and Water (CEEW) and the financial think tank Carbon Tracker said. Given renewables are already the cheapest source of new electricity in 90 per cent of the world, emerging markets […]
Renewable Energy Sector in India Gets $70 Bn Investment in 7 Years
This assumes significance in view of India’s ambitious target of having 175 gigawatts (GW) of renewable energy by 2022. Power Minister R K Singh has said that as much as USD 70 billion (about Rs 5.2 lakh crore) has been invested in renewable energy across the country in the past seven years. This assumes significance […]
Over Rs 9,000 Crore Worth of Renewable Energy Certificates Sold in India to Date: Report
The study said that as many as 99 per cent of all RECs sold have served to fulfill RPO requirements New Delhi: India’s renewable energy certificate (REC) market has recorded net sales worth Rs 9,266 crore during its decade of existence, according to a study released on Thursday by the CEEW-Centre for Energy Finance (CEEW-CEF). […]
India Adds 12.1 GW Power Generation Capacity in FY21: Report
India added 12.1 gigawatt (GW) power generation capacity in 2020-21, of which 7.7 GW was from renewable energy sources, according to a report. India’s total power generation also increased by 1.3 per cent in FY21 despite pandemic restrictions, driven by a post-lockdown surge in electricity demand. The share of RE in the energy mix was […]
Clear, long term policies needed for EV sector growth: CEEW-CEF
In the coming years, the central and state governments need to reduce uncertainty by rolling out detailed and clear long-term policies,” CEEW CEO Arunabha Ghosh said in a statement. Central and state governments need to reduce uncertainty and roll out clear long term policies to enable growth of the electric vehicle sector in the country, […]
Dip in wind energy generation and rise of blended renewable energy projects witnessed in Q2: CEEW-CEF
New Delhi: Renewable energy’s share in the energy mix decreased marginally from 11.4 per cent in Q2 FY20 to 10.7 per cent in Q2 FY21, according to the latest edition of the CEEW Centre for Energy Finance’s quarterly Market Handbook. A prominent reason for the decline was the unseasonable and sharp reduction in wind speeds […]
India could save over INR 1 lakh crore annually in crude oil imports with increased EV penetration: CEEW
New Delhi: India could save on crude oil imports worth over INR 1 lakh crore (USD 14 billion) annually if electric vehicles (EVs) were to garner 30 per cent share of India’s new vehicle sales by 2030, according to an independent study released today by the Council on Energy, Environment and Water (CEEW). The increase in […]
Renewable energy sector continues to attract investors, shows report
The renewable energy sector continued to attract investors this year, though capital spending is likely to decline, according to a report. It also noted that uncertainty is now growing over India’s ability to attract a diverse pool of private finance from domestic and international sources to meet its renewable energy targets. The report on India’s […]