25 °C Singapore, SG
September 19, 2020
Latest News
Multinational companies account for nearly a fifth of global CO2 emissions, researchers say Charleston Sues 24 Fossil Fuel Companies For Costs Of Surviving Climate Change Vattenfall Ready to Close Largest German Coal Plant Hydroelectric-solar microgrid powering operations in Patagonia National Park WA’s South West could soon be home to an advanced manufacturing hub Hotter oceans make the tropics expand polewards Power companies face hardship in pandemic Australia’s Suncorp to stop financing, insuring oil and gas industry by 2025 Report sees India’s reliance on thermal power dropping to 50% in 2021, 43% in 2026 People power wins over coal funders Bill McKibben Sees “Vivid Possibilities For A Rapid Energy Transformation” RWE looking at renewables, hydrogen for future growth opportunities US power generator Vistra receives permit for 1.1GW battery storage Phillips 66 plans world’s largest renewable fuels plant Innovative Byproduct-Hydrogen Fuel Cell Power Plant Completed Global offshore wind industry takes huge strides Northvolt: $3 Billion For 2 Battery Gigafactories In Europe Repsol on board with aviation biofuels GoodFuels supports EU’s RED II 250 million coastal dwellers to face rising floods ‘Extreme’ glacier loss events linked to human-caused climate change for first time Free Solar-Powered Irrigation to India’s Farmers? Deutsche Bank to stop global coal mining business activities by 2025, also halt oil sands funding Renewables in Asia: A hard race against fossil fuels World’s Largest Solar Power Plant Moves Forward In UAE Human activity likely cause of Arctic’s heat wave Ireland’s renewable electricity scheme gets EU approval Greta Thunberg wins 1 million euro prize, says she will donate it to environmental groups Hanoi air pollution control to be enhanced Velocys backs call for more investment in sustainable aviation technology

Report sees India’s reliance on thermal power dropping to 50% in 2021, 43% in 2026

ETEnergyworld.com:

India’s dependence on thermal power will reduce to 50 per cent by 2021-22 and 43 per cent by 2026-27 on the back of renewable energy (RE) capacity additions, a report said. Thermal power includes diesel, gas and coal-based electricity generation which contributes 63 per cent of total electricity generation capacity in India as per the report.

“India is chasing ambitious RE targets and enhancing its T&D (transmission & distribution) infrastructure. Increasing RE use is decreasing dependence on coal. Contribution of the thermal sector will reduce to 50 per cent by FY22 and 43 per cent by FY27,” said a report by Praxis Global Alliance and Zetwerk

According to the report the installed power generation capacity has increased at 8.6 per cent CAGR over the period FY12-FY19 and renewable energy is growing at the fastest pace. New private investment in the generation sector is expected to be largely in the renewable sector, it added.

The report showed that owing to past bad experiences, long-term PPAs (power purchase agreement) in thermal power are unlikely to pick-up in the future.

Renewables sector is likely to continue with long-term PPAs, it added.

More: India’s dependence on thermal power will reduce to 50 per cent by FY22: Report

Source

Leave a Reply

Your email address will not be published. Required fields are marked *