The EV owners in India are currently facing various challenges including lack of EV charging infrastructure, poor charging infrastructure and range anxiety, lack of service options, lack of standardization, affordability, unreliable charging experience and others. Recently various leading governments, businesses and investors have shown their commitment towards net zero targets and sustainable mobility among which […]
Steps taken by the government to promote Renewable Energy – EQ Mag Pro
The installed Renewable energy capacity (including large hydro) has increased from 76.37 GW in March 2014 to 150.54 GW in November 2021, i.e. an increase of around 97%. The Government has taken several measures to promote renewable energy in the country. These include:- • Permitting Foreign Direct Investment (FDI) up to 100 percent under the […]
National Offshore Wind Energy Policy
Government notified the ‘National Offshore Wind Energy Policy’ in 2015 providing the basic framework for developing the offshore wind sector. Post notification of the policy, Government, through National Institute of Wind Energy, has issued ‘Guidelines for Offshore Wind Power Assessment Studies and Surveys’ to enable private investors to carryout offshore wind resource assessment. Further, Government […]
High Complementarity to Boost China’s Investment in ASEAN
The enhancing economic ties between China and the Association of Southeast Asian Nations (ASEAN) have drawn attention worldwide, especially against the backdrop of intensifying China-US tensions. Recently Japan-based Nikkei listed several new investment projects from China to ASEAN countries, saying that China outspends the US in order to “undermine the US in the race for […]
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 […]
Uncertainty in Auctioned Solar Projects in UP
Some of members of the National Solar Energy Federation of India participated in the UPNEDA Phase-4 e-reverse auction bid held on February 11, 2020 and secured capacities to install solar projects in Uttar Pradesh. While in the subject Request for Proposal, among other things it was specified that LOI was expected to be issued within […]
Review of FDI policy for curbing opportunistic takeovers of Indian companies due to the current COVID-19 pandemic
To avoid takeover acquisitions of Indian firms by Chinese giants GoI has notified changes in FDI policy. Now investments from any country which shares border with India will be routed through Govt Approval route and not through Automatic Route Review of Foreign Direct Investment (FDI) policy for curbing opportunistic takeovers/acquisitions of Indian companies due to […]
Budget likely to charge up electric vehicle push with tax incentives
The govt is also examining extension of tax holiday for units operating or planning to set up operations in special economic zones With promotion of clean energy high on government agenda, the upcoming Budget is likely to incentivise manufacturing of electric vehicles (EVs) in the country. This is also expected to drive foreign direct investment […]
Renewable energy sector attracts FDI worth $7.48 billion since April 2000
Globally, India is the third largest solar market and has the fourth highest installed wind power capacity According to a report by the India Brand Equity Foundation (IBEF), the country’s renewable energy sector attracted foreign direct investments (FDI) worth $7.48 billion between April 2000 and December 2018. The IBEF report pegs new investments in clean […]