India is set to make significant strides in renewable energy capacity, with plans to connect a record 35 gigawatts (GW) of solar and wind energy to its grid by March 2025. This ambitious goal comes as the country works to achieve its 2030 clean energy target, following a shortfall in...
Denmark and India to Collaborate on Offshore Wind Energy
India's federal government has approved a cooperation agreement between the Ministry of New and Renewable Energy of India and Denmark’s Ministry for Energy, Utilities, and Climate. The two countries will establish an Indo-Danish Center of Excellence for renewable energy in India with a special focus on offshore wind; hybridization of...
U.S.-India Clean Energy Finance Signs on New Partner
U.S.-India Clean Energy Finance (USICEF) initiative, signed on a new partner, New Delhi-based PTC India Financial Services Limited (PFS), a Non-Banking Financial Company registered with India's central bank. USICEF is managed by San Francisco headquartered Climate Policy Initiative and was founded in 2017 in partnership with the Indian Ministry of...
India Envisions a Hybrid Grid
India's Ministry of New and Renewable Energy (MNRE) published a national policy on May 16 that envisions a national grid of "hybrid" power plants integrating both solar and wind power, a concept that potentially addresses the challenges that renewable energy production faces such as inconsistent output and land shortages. According to...
India To Auction 100 GW of Green Energy Contracts
India's Ministry of New and Renewable Energy announced that it will award a 100 gigawatts (GW) of solar and wind contracts by March 2020. 77 GW of the total will be awarded for solar power projects. Having set a target of 175 GW of clean energy capacity by March 2022,...
India to Initiate Dollar Bidding for Solar Contracts
PV Magazine reports that India’s government is ready to introduce its first U.S. dollar bidding process for solar tenders in an effort to attract greater overseas investment and cut development costs in the country. State-owned National Thermal Power Corporation, will award tenders for between 500MW-1GW this month, Ministry of New...