Even though India’s not opening any new coal-fired power plants at home, India still continues to fund coal plants overseas. Nearly 30% of global coal financing was sourced from export-import banks of India. Funding coal power plants in other countries poses a financial risk and isn’t strategically sound, according to a finance specialist with SE4ALL. […]
Tata Power looks to raise $1 billion via asset monetisation
Tata Power is looking to raise $1 billion via asset monetisation over the next 12-18 months to clear its debt. The company is looking to divest from many of its international investments. “We believe that in next 12-18 months we will divest from many of our international investments and we are looking at something like […]
Billion gallons of water is saved by replacing coal with gas or renewable energy sources: Study
A research has found that the transition from coal to natural gas in the US electricity sector is reducing the industry’s water use. It is helping in saving water and contributing to reducing water scarcity. For every megawatt of electricity produced using natural gas instead of coal, the water withdrawn from rivers and groundwater drops […]
Solar panel import duties: a sop for beleaguered coal By James V Abraham
Solar panel import duties: a sop for beleaguered coal By James V Abraham (Founder and Director – SolarArise) The Ministry of New and Renewable Energy (MNRE) recently sent a note to the Finance Ministry recommending import duties on solar panels. MNRE recommended a duty of 10% beginning January 2021, rising to 20% in January 2022, […]
NTPC units faced coal shortage in FY17-19; CERC denies relief
Company blames Coal India and Centre’s no-import policy NTPC, the country’s largest power generator, has said many of its units faced a coal shortage in the past two financial years, owing to low production and the Centre’s restriction on importing it. In a recent petition to the Central Electricity Regulatory Commission (CERC), it said this […]
Already Cheaper Than Gas, China’s Renewables to Undercut Coal by 2026
Average solar prices in China have fallen below wind for the first time this year, Wood Mackenzie says. As China moves toward a subsidy-free era for wind and solar projects beginning in 2021, the economics of renewable power have come into the spotlight. The average levelized cost of electricity (LCOE) for solar and wind power […]
Renewable energy sources defeating coal, says report
Lenders prefer renewable energy over coal, especially in 2018: Centre for Financial Analysis Report Coal Vs Renewable Is coal losing its charm? Yes, if the recently released report Coal Vs Renewable is to be believed. Lenders prefer renewable over coal, especially in 2018, says the report released on August 16, 2019. The finding becomes relevant […]
China provides $1 billion in ‘green’ finance to coal projects in first half of the year
SHANGHAI: Chinese financial institutions provided at least $1 billion in “green” financing to coal-related projects in the first half of this year, a review of financial data showed, with fossil fuels still playing a major role in Beijing’s energy strategy. According to Shanghai-based financial data provider Wind, 7.4 billion yuan ($1.1 billion) in green corporate […]
Clean energy projects get four times more finance than the coal-fired ones in 2018: Report
NEW DELHI: India may be the fastest growing energy market in the world, but its lending to coal power projects had seen a massive dip last year as compared to 2017. The renewables (solar and wind) had, on the other hand, attracted four times more project finance lending than what was earmarked for coal-fired power […]
