Ample Coal Available to Meet the Demand of Power Plants, Assures Power Ministry

Ample Coal Available to Meet the Demand of Power Plants, Assures Power Ministry

Coal India has ample coal available to meet the demand of power plants, and any fear of power supply disruptions is ‘entirely misplaced,’ the Ministry of Power has announced in ...
/ / Other, Other Energy
Federal Bank to Discontinue Financing New Coal Projects

Federal Bank to Discontinue Financing New Coal Projects

Federal Bank Limited will discontinue financing of any new-coal related projects, including coal-fired power projects. The announcement comes on the heels of the equity infusion from the International Finance Corporation (IFC) ...
/ / Finance and M&A, Other
If Coal Shortage Impacts Power Consumption, Can Solar Save The Day

If Coal Shortage Impacts Power Consumption, Can Solar Save the Day?

India is seeing a surge in power demand, with industrial and economic activity picking up pace in the past few months. But thermal power plants are in a crisis as ...
/ / Mercom Research Focus, Other
Power Rationing in China Could Raise Commodity Prices and Disrupt Solar Supply Chain

Power Rationing in China Could Raise Commodity Prices and Disrupt Solar Supply Chain

The Chinese government has introduced an electricity rationing policy leading to some industrial sectors shutting down operations temporarily while others are operating only two to four days a week. According ...
/ / Markets & Policy, Solar
India to Contribute 20% of the Global Renewables Deployment Target for 2030: BRICS Report

India to Contribute 20% of the Global Renewables Deployment Target for 2030: BRICS Report

The latest BRICS Energy Technology Report 2021 states that India will account for one-fifth (20%) of the global renewable energy deployment target for 2030. Solar and wind power generation has been ...
/ / Other, Renewable Energy
New Coal Plants to Exhaust ₹2.47 Trillion, Investing in Renewables Can Save ₹432 Billion

New Coal Plants to Exhaust ₹2.47 Trillion, Investing in Renewables Can Save ₹432 Billion

According to the latest report published by the energy think tank Ember and Climate Risk Horizons, 27 GW of proposed new coal power plants in India could deplete scarce public ...
/ / Other, Renewable Energy
Renewables Could Meet All Power Demand in Australia at Certain Times by 2025 AEMO

Renewables Could Meet All Power Demand in Australia at Certain Times by 2025: AEMO

Australia’s mainland National Electricity Market (NEM) states could have sufficient renewable energy resources available in 2025 to meet the cumulative power demand of consumers in certain periods, Australian Energy Market ...
/ / Other, Renewable Energy
Global Power Sector Emissions Rise 5% Above Pre-Covid Levels: Report

Global Power Sector Emissions Rise 5% Above Pre-Covid Levels: Report

A new report published by energy think tank Ember has revealed that global power sector emissions have increased above pre-pandemic levels. Global power sector emissions rebounded in the first half (1H) ...
/ / Other, Renewable Energy
Decommissioning Coal Projects Older Than 25 Years Could Save ₹377.5 Billion Report

Decommissioning Coal Projects Older Than 25 Years Could Save ₹377.5 Billion: Report

Decommissioning coal power projects older than 25 years could save ₹377.5 billion (~$5.07 billion), the Council on Energy, Environment, and Water (CEEW) Center for Energy Finance has revealed in its ...
/ / Other, Renewable Energy
Solar’s Share in India’s Installed Power Capacity Rises to 11.2%

Solar’s Share in India’s Installed Power Capacity Rises to 11.2%

India’s installed renewable energy (including large hydro projects) capacity stood at 143.9 GW, accounting for a share of 37.4% in the overall power mix at the end of the second ...
IEA Expects Annual Global Energy Investments to Hit $1.9 Trillion in 2021

IEA Expects Annual Global Energy Investments to Hit $1.9 Trillion in 2021

The International Energy Agency (IEA) has released its latest report on ‘World Energy Investment 2021’. According to the report, the annual global energy investment is set to rise to $1.9 ...
/ / Other, Renewable Energy
Higher Execution of Solar EPC Projects Pushes Tata Power’s Revenues Up 14% YoY

Higher Execution of Solar EPC Projects Pushes Tata Power’s Revenues Up 14% YoY

Tata Power declared its financial results for FY 2021 and recorded a 14% growth in consolidated revenues at ₹330.79 billion (~$4.49 billion) compared to ₹ 289 billion (~$3.9 billion) in ...
/ / Other, Renewable Energy
India’s Solar Market to Recover Rapidly in 2021_ IEA Report

India’s Solar Market to Recover Rapidly in 2021: IEA Report

The International Energy Agency (IEA), in its Global Energy Review 2021, has said that India’s solar photovoltaic (PV) market is expected to recover rapidly in 2021, after experiencing a significant ...
/ / Other, Renewable Energy
Solar's Share in India's Installed Power Capacity Rises to 10.7%

Solar’s Share in India’s Installed Power Capacity Rises to 10.7%

India's installed renewable energy (including large hydro projects) capacity stood at 141.4 GW, accounting for a share of 36.94% in the overall power mix at the end of Q1 2021, ...
A Record 114 GW of Wind Power Capacity Added Globally in 2020

A Record 114 GW of Wind Power Capacity Added Globally in 2020

A total of 114 GW of new wind capacity was added globally in 2020, representing an 82% increase year-over-year (YoY), according to a report from Wood Mackenzie. This is the ...
/ / Wind
Month in a Minute_ Top Headlines from Indian Renewable Sector in February 2021

Month in a Minute: Top Headlines from Indian Renewable Sector in February 2021

Here is a recap of some of the most important headlines from February 2021: Total Eren and EDF Renewables announced that EDEN Renewables India has successfully secured financial closure for ...
Solar Energy to Equal Coal's Share in India's Power Mix by 2040_ IEA

Solar Energy to Equal Coal’s Share in India’s Power Mix by 2040: IEA

India is expected to see the largest increase in energy demand globally over the next two decades and will overtake European Union as the third-largest energy consumer by 2030, the ...
/ / Markets & Policy, Solar
Renewables Overtake Fossil Fuels as Europe’s Primary Source of Electricity

Renewables Overtake Fossil Fuels as Europe’s Primary Source of Electricity

Renewables overtook fossil fuels as the European Union’s (EU) primary source of electricity due to the rapid growth of clean energy and decline of coal power, according to a new ...
/ / Other, Renewable Energy
India’s Renewable Power Installations Reached 138 GW at the End of 2020

India’s Renewable Power Installations Reached 138 GW at the End of 2020

The overall share of renewable energy (including large hydro projects) in the country’s installed power capacity mix stood at 138.27 GW, with a total share of 36.7% at the end ...
Energy Demand to Return to Pre-COVID-19 Levels in 1-4 Years: McKinsey

Energy Demand to Return to Pre-COVID-19 Levels in 1-4 Years: McKinsey

McKinsey & Company recently released its 'Global Energy Perspective 2021,' which states that while energy demand rebounds to 2019 levels in one to four years, it would not return to ...
Wartsila and Fluence to Supply 1 GW of Grid-Scale Battery Storage to AGL in Australia

Wartsila and Fluence to Supply 1 GW of Grid-Scale Battery Storage to AGL in Australia

AGL Energy, an Australia-based energy company, has signed non-exclusive framework agreements with energy storage technology companies Wartsila and Fluence to supply up to 1 GW of grid-scale battery storage. AGL ...
/ / Energy Storage, Large Scale
West Bengal Tops List of States Buying 'Dirty' Coal-Based Power

West Bengal Tops List of States Buying ‘Dirty’ Coal-Based Power

West Bengal tops the list of states buying 'dirty' coal power, according to the latest coal power procurement assessment conducted by the Centre of Science and Environment (CSE). The assessment ...
/ / Other, Other Energy
US Renewable Energy Consumption Surpasses Coal for First Time in 130 Years

US Renewable Energy Consumption Surpasses Coal for First Time in 130 Years

Annual energy consumption from renewable sources in the United States in 2019 exceeded coal consumption for the first time since 1885, according to the U.S. Energy Information Administration’s (EIA) ‘Monthly ...
/ / Other, Renewable Energy
Renewable Power in Asia Pacific Region to be Cheaper than Coal by 2030_ Report

Renewable Power in Asia Pacific Region to be Cheaper than Coal by 2030: Report

Renewable power in India is expected to be 56% cheaper than new-build coal by 2030, according to a report published by Wood Mackenzie, a United Kingdom-based research and consultancy firm. The ...
Coal India Plans to Invest Over ₹56 Billion in 14 Solar Projects by March 2024

Coal India Plans to Invest Over ₹56 Billion in 14 Solar Projects by March 2024

Coal India Limited (CIL) has announced that it would invest ₹56.50 billion ($763 million) by March 2024 to develop 14 solar power projects to help power its mining operations, according ...
/ / Markets & Policy, Solar