From 2016 to 2018, many large commercial and industrial customers in India made their initial experiences with procurement of renewable power.

Beating countries like China, which usually is the cheapest manufacturer of everything, India has also left behind the US, UK, Canada and France among others.

"By 2030 India plans to establish 500 GW of Renewable Energy capacity," said Anand Kumar, senior official at India's renewable energy ministry

As the renewable energy sector matures, policies must be adapted to reflect changing market conditions. With the increasing use of auctions, policy makers seek to procure renewables-based electricity at the lowest price and also fulfil socio-economic objectives.

The UMPP policy was launched in 2005-06 by the government to provide power at a competitive cost to consumers by achieving economies of scale.

Australian mining company Neometals has entered into a deal with Indian power conglomerate Manikaran Power to jointly fund a feasibility study to set up India's first lithium refinery.

This report shows that South and South East Asian countries can shift their energy systems from fossil fuels to renewables to fuel economic growth, boost sustainable development and overcome energy poverty while avoiding life-threatening pollution and environmental degradation.

The EEA assessment ‘Adaptation challenges and opportunities for the European energy system’ analyses the needs for climate change adaptation and climate resilience in Europe’s energy system now and in the future.

Global investment in renewable energy hit USD 288.9 billion in 2018, with the amount spent on new capacity far exceeding the financial backing for new fossil fuel power, according to new figures published. These numbers, produced by BloombergNEF (BNEF), are being published as part of REN21’s Renewables 2019 Global Status Report.

This report, prepared as an input for the 2019 G20 ministerial meeting, is an IEA contribution; it is not submitted for formal approval by energy ministers, nor does it reflect the G20 membership’s national or collective views.

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