In a race to be the top state in India, the Institute for Energy Economics and Financial Analysis (IEEFA) has modelled the economic powerhouse Gujarat adding a staggering 46 gigawatts (GW) of new renewable energy capacity by 2029/30, in a new report out.

India will require $500-700 billion in renewable energy and supporting grid investment over the coming decade in order to meet its renewable energy targets, the US-based Institute for Energy Economics and Financial Analysis (IEEFA) said.

India will require $500-700 billion in renewable energy and supporting grid investment over the coming decade in order to meet its renewable energy targets, the US-based Institute for Energy Economics and Financial Analysis (IEEFA) said.

BlackRock, the world’s largest fund manager with US$6.5 trillion of assets under management – bigger in value than the third largest economy in the world – continues to ignore the serious financial risks of putting money into fossil fuel-dependent companies, a new report has found.

Over the past few years, India has added huge electricity generation capacity, resulting in an impressive reduction in its energy and peak deficits to just 0.4% and 0.6% respectively by June 2019, even as electricity demand has grown 5-6% annually.

India needs faster implementation of roof-top solar projects to meet the 175 gigawatts of renewable energy target by 2022, a report has said.

New research from the Institute for Energy Economics and Financial Analysis (IEEFA) reveals that over 100 major global financial institutions have introduced policies restricting coal funding.

Minerals Council of Australia report overstates India’s import needs by as much as 2 billion tons up to 2030, dashing claims of Australia’s new thermal coal export prospects.

With the government successfully electrifying 99% of all houses in India under the Saubhagya scheme, there is an urgent need for a hefty investment in grid transmission infrastructure to keep pace with growing low-cost renewable capacity so that new households can actually afford to buy electricity.

With some US$100bn of existing and proposed thermal power plants in financial distress, and low cost but variable renewable energy capacity best able to meet the ambitious targets set by government, India has an opportune moment to transform its electricity sector by introducing time-of-day pricing for both producers and consumers.

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