While attention has been focused on the hefty downswings in the oil price caused by the collapse of demand from COVID-19 lockdowns, the coal price has been not insulated. Starting from US$70/tonne in January, the Newcastle benchmark price (6,300 kcl) has retreated to US$58.33/tonne.

In March 2019, India’s government-owned Power Finance Corporation (PFC) acquired 52.3% the Rural Electrification Corporation Ltd. (REC) to form the country’s largest non-banking finance company (NBFC), and a critically important lender for India’s power sector with a total asset book approaching US$100bn as of December 2019.

A near-term transition from coal appears inevitable, towards zero-coal generation by the mid-2030s. However, Poland could seek to delay such a transition, for example to develop new coal mines and extend coal generation into the 2050s.

Several power plant proposals need to be cancelled, says report. Against the already identified ones, several more thermal power plants in India could potentially be classified as stranded assets, a report released by the Institute for Energy Economics and Financial Analysis (IEEFA) has found.

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.