In Short : Renewable energy generation in India rose to 17% of total electricity in May, up from 13–14% last year, according to HSBC. Declining demand and increased capacity contributed to this growth, reducing coal plant load factors. Solar and wind displaced thermal power, while battery storage incentives and transmission charge waivers are further boosting […]
India’s Path to Energy Independence: Renewable Surge Could End Coal Imports by 2029 – EQ
In Short : India can eliminate thermal coal imports by 2029 and save $66 billion if it adds 50 GW of renewable energy annually, according to a Climate Risk Horizons report. With coal imports reaching $21 billion in 2023-24, the shift to renewables would enhance energy security, reduce financial risk, and align with India’s target […]