In a race to be the top state in India, IEEFA has modelled the economic powerhouse Gujarat adding a staggering 46 gigawatts (GW) of new renewable energy capacity by 2029-30, a new report said on Tuesday. The report, “Gujarat’s electricity sector transformation – A role-model of India’s electricity transition”, identifies Gujarat as one of the […]
India will overachieve Paris pact targets by 60%: IEEFA
India would significantly exceed its 2015 Paris Agreement target of a 40 per cent share of installed power capacity from non-fossil fuel sources by 2030. New Delhi: India would significantly exceed its 2015 Paris Agreement target of a 40 per cent share of installed power capacity from non-fossil fuel sources by 2030, the US-based Institute […]
IEEFA: Solar-plus-storage undermines coal economics by ‘hundreds of millions’ of dollars
Tumbling solar-plus-storage costs could see the hybrid technology become a money saver for US firms grappling with expensive legacy coal portfolios, according to the Institute for Energy Economics and Financial Analysis (IEEFA). Utilities shutting down coal units ahead of their end-of-life point and replacing them with renewables, stand to reap savings in the “hundreds of […]
Four-fold rise in total solar capacity but rooftop meets just 10% of target
Rooftop installations are seen critical to India achieving its 175 Gw of renewable energy capacity by 2022 Rooftop solar, one the fastest growing sub-sectors in the country’s renewable energy space, has hit a speed bump. Of the targeted 40 Gw of solar rooftop installs, only 10 per cent has been achieved. Solar rooftop installations are […]
India looking at $500 billion investment in renewable energy generation by 2028: IEEFA
India is looking at a mammoth $500 billion worth of investment in creating renewable energy generation capacity with tendering of 500 Gigawatt (GW) by 2028 in addition to $250 billion investment in grid expansion and modernisation required for uptake of green energy capacity, according to the Institute of Energy Economics and Financial Analysis (IEEFA). The global think-tank […]
Tata Power to create renewables-based future: IEEFA
India’s largest private integrated power company — Tata Power — recently made it publicly clear that it will cease building new coal-fired power capacity, a report by US-based Institute for Energy Economics and Financial Analysis (IEEFA) said on Tuesday. The report, “Tata Power: Renewables to Power Growth”, highlights the company’s long-term strategy that will see […]