Renewable Energy projects under implementation will be given extension of time considering period of lockdown and time required for re-mobilisation of work force, Ministry of New and Renewable Energy (MNRE) Secretary Anand Kumar said.
Global coal power plant development declined for the fourth year running in 2019, while a total of 13 gigawatts (GW) of capacity construction has been delayed so far this year due to the coronavirus, research by environmental organisations.
More than 60 gigawatts (GW) of wind energy capacity was installed around the world last year, driven by market-based mechanisms such as capacity auctions, a market outlook by the Global Wind Energy Council (GWEC). New installations totalled 60.4 GW, up 19% from a year earlier and the second biggest annual addition on record.
Overall, total wind energy capacity last year was more than 651 GW, up 17 per cent from 2018. The main driver of the growth was market-based mechanisms, with auctioned wind capacity surpassing 40 GW worldwide, accounting for two-thirds of total new capacity, the report said.
Deploying clean hydrogen could cut up to 34% of global greenhouse gas emissions from fossil fuels and industry by 2050 at a manageable cost, according to a latest report by researcher firm Bloomberg NEF (BNEF). The report titled ‘Hydrogen Economy Outlook’ added that this would only be possible if policies are put in place to help scale up technology and drive down costs with about $150 billion of subsidies needed to be rolled-out over the next decade.
According to the report, the falling cost of making hydrogen from wind and solar power offers a promising route to cut emissions in sectors such as steel, heavy-duty vehicles, shipping, and cement.
The installed capacity of renewable energy generation in the country has grown 72% from 80 gigawatt (GW) to 138.9 GW during the past six years, according to new and Renewable Energy Minister Mr R K Singh.
He also added that the foreign direct investments of $6.1 billion flew into the Indian clean energy sector including solar, wind, biomass, large hydro and nuclear in the five year period 2014-19.