The central government has proposed a major push to domestic manufacturing of renewable energy equipment in the country that would completely eliminate the need for imports. As part of the plan, an accelerated manufacturing plan is being operationalised that is incentivising setting up of solar cell manufacturing capacity of 4,000 MW that would allow project developers to restrict import of this product completely.
India is expected to add only 60GW of renewable energy capacity in the next 5 years, according to Bridge To India’s India Renewable Energy CEO survey report 2020.
A power producers body has requested the government to include electricity generated from gas-based plants in its proposed scheme for round-the-clock power from renewable energy (RE) projects complemented with thermal power. The Ministry of New and Renewable Energy (MNRE) has proposed a draft policy for the supply of round-the-clock (RTC) power to distributors through a mix of renewable energy and electricity generated in coal-based plants.
A global goal to achieve net zero carbon emissions by 2050 will not be met without a huge acceleration in clean energy innovation, the International Energy Agency (IEA) said. In a special report, the IEA analysed more than 400 clean energy technologies and said that although renewable technologies in use now can deliver a large amount of emissions reductions, they are not enough on their own.
Coal India Ltd reported a 12.8% fall in production in June, reflecting the third straight month of decline in output as national coronavirus lockdowns cut demand for the fuel. Coal output fell to 39.20 million tonnes in June, compared with 44.95 million tonnes in the same period of the previous year.
The eight core industries’ output contracted 23.4% in May, weighed in largely by the lockdown. Except fertilisers, which grew 7.5%, all the other seven core industries saw contraction. In the same month last year, core industries’ output grew 3.8% on a year-on-year basis.