India should aim to become clean energy exporter by 2030: …
Oct 8, 2024 · New Delhi: India should aim for 750 gigawatts of renewable energy capacity and become a clean energy exporter by 2030, former NITI Aayog CEO Amitabh Kant said on Monday. At a roundtable discussion here, Kant said that there is no shortage of global funds for clean energy, but India needs to establish strong financial systems, such as escrow accounts, to attract private investments for ...
Energy News | Latest Energy Industry Information and Updates: ET ...
Oil prices dip as demand optimism wanes . Brent futures were down 25 cents, or 0.33%, to $76.05 a barrel at 0950 GMT, while U.S. West Texas Intermediate (WTI) crude was down 44 cents, or 0.60%, to $73.12.
India sets a ₹9.15 lakh crore blueprint for power sector to meet …
Sep 24, 2024 · New Delhi: In a strategic endeavor to revamp India's power infrastructure, the ministry of power, under the guidance of Prime Minister Narendra Modi, has rolled out a comprehensive plan worth ₹9.15 lakh crore aimed at amplifying the nation's power grid and enhancing energy security.Announced by Union minister Manohar Lal during a press conference in New Delhi, the National Electricity Plan ...
India’s clean energy tech capacity set to rise by 2030: S&P Global
Oct 7, 2024 · Mumbai: India's clean energy technology capacity is projected to rise significantly by 2030, aiming for full self-sufficiency in solar PV and wind sector by 2030, reducing its dependency on imports, according to a study by S&P Global Commodity Insights. It, however, added that challenges such as technological innovation gaps, skilled labor shortages, inadequate infrastructure, and inconsistent ...
India Power Demand: India’s power demand to hit 708 GW by …
Oct 14, 2024 · A key focus of the government’s strategy is renewable energy. "We have set an ambitious target of 500 GW of non-fossil energy capacity by 2030, effectively doubling our current capacity," the minister noted, adding that this aligns with India’s commitment to reducing carbon emissions by one billion tonnes by 2030 and achieving net-zero emissions by 2070.
Energy Statistics India 2024 - Analysing the sustainable energy …
Mar 26, 2024 · The report reveals a notable shift in energy demand from non-renewable to renewable sources. The share of Renewable Energy in Total Primary Energy Supply (TPES) has ascended to 3.81% in 2021-22 whereas the share in Total Electricity has reached to 20.34% in 2022-23. Despite this positive trajectory, the non-renewable sector continues to dominate, with the energy sector being the largest ...
India's energy shift: Renewables, EVs, and smart grids set to …
Nov 14, 2024 · New Delhi: India’s energy sector is projected to see robust growth in renewable energy, smart grids, and electric vehicles by 2025, as the country targets 500 GW of green energy capacity by 2030, said Capgemini in their insights, titled “2025 Predictions – Energy Transition & Utilities Technology and Industry Trends in India.”
Rising domestic output to limit India’s thermal coal imports in 2025
Dec 6, 2024 · China’s influence on Asian thermal coal pricesChina, Asia’s largest coal consumer, is expected to import around 380 million mt of thermal coal in 2025, slightly lower than the 2024 figure of 353 million mt. Pat See Khoo, Senior Analyst at S&P Global Commodity Insights, noted, “The country is likely to import around 380 million mt of thermal coal in 2025, slightly less than 2024 imports ...
How firm and dispatchable renewable energy is transforming …
Jan 29, 2024 · By 2030, India aims to source 50% of electric power from non-fossil fuels and reduce carbon emissions by 45% from 2005 levels. To achieve this target, the 2023 National Electricity Plan by the Central Electricity Authority (CEA) has estimated the need for 486 GW of variable renewables (solar and wind). However, the high penetration of variable and intermittent renewable energy (RE) poses ...
India to boost energy storage 12-fold to 60 GW by FY32, eyes ₹5 ...
Nov 7, 2024 · New Delhi: India’s energy storage sector is set to grow by over 12 times to 60 GW by FY32, driven by a massive increase in variable renewable energy (VRE) and the need to maintain grid stability, according to an SBICAPS report.