In Short : An Energy Vault executive emphasized that India requires subsidies to meet its renewable energy targets effectively. This viewpoint underscores the importance of financial incentives and support mechanisms in promoting renewable energy adoption. Subsidies can drive investments, facilitate technology advancements, and make clean energy more accessible, accelerating India’s transition towards sustainable and green […]
India Will Require $540 Bn Investment By 2029 To Achieve Renewable Energy Targets: S&P – EQ Mag
India is aiming to reduce its pollution to zero by 20. It aims to achieve 500 gigatonnes (GW) of non-fossil electricity capacity, half of its energy from renewables, a billion-tonne reduction in emissions, and a 45 per cent decline in GDP emissions intensity by 2030 India will require USD 540 billion in investment between 2020 […]
Taiwan farmers find space for solar to meet renewable energy targets – EQ Mag Pro
The use of ‘distributed’ solar – panels on walls and rooftops – is increasingly popular in regions where land is at a premium While trying to decarbonise, governments around the world are trying to avoid conflict with farmers and prevent further agricultural and biodiversity loss At a row of greenhouses around 50km (30 miles) from […]
India to miss renewable energy targets for 2022 – EQ Mag Pro
India will miss its renewable energy target of generating 175 GW of green energy by 2022 & now deadline to has been pushed by few months with delays in achieving targets for both solar & wind power NEW DELHI: As India submitted its renewed climate pledge to United Nations last week, the country will miss […]
Moody’s – Policy support and low-cost capital key to India meeting renewable energy targets – EQ Mag Pro
Government support to encourage the private sector and overseas investors to participate in renewables is key The country will need $225 billion-$250 billion in investment from both private and public sectors to meet its 2030 renewable energy target India’s plan to reach net-zero emissions by 2070 will depend on a shift in its energy mix […]
Economic Survey 2021-22: India on Track to Hit its Renewable Energy Targets – EQ Mag Pro
India’s installed solar power capacity, as of December 31, 2021, was 49.35 GW against the target of 100 GW in seven years starting from 2014-15 under the National Solar Mission (NSM), the Economic Survey 2021-22 said. India revised its targets for renewable energy when Prime Minister Narendra Modi, at the annual climate conference, promised installation […]
Rooftop solar power could be a game-changer for India despite challenges: Here is why
The existing fragmented growth of solar rooftop is largely attributable to institutional and commercial consumers. Discoms’ and consumers’ reluctance to adopt rooftop solar may be attributable to the legal framework of the distribution business. India’s solar sector has seen a spectacular run in the last four years, largely attributable to its ambitious renewable energy targets […]
Siemens Gamesa commissions 10 MW solar project for Lakshmi Machine Works
Clean energy solutions provider Siemens Gamesa Thursday said it has commissioned 10 MW solar power project for Lakshmi Machine Works (LMW) in Tamil Nadu. As part of the contract, Siemens Gamesa provided an EPC (engineering procurement and construction) solution that included engineering and design of the solar farm, procurement, erection and commissioning of the 10 […]