India’s ambition to achieve 500 GW of non-fossil fuel-based capacity by 2030 is steering the nation towards innovative solutions in renewable energy. With solar and wind power at the forefront, the variability and intermittency of these sources pose challenges to grid operations.

Many emerging and developing economies are missing out on the wave of global clean energy investment as the high cost of capital for new projects is deterring developers and stifling opportunities in the new energy economy, particularly for some of the world’s poorest countries, this new IEA report finds.

The Guidelines for Tariff Based Competitive Bidding Process for Procurement of Power from Grid Connected Solar PV Power Projects have been notified vide Resolution No. 27/03/2023-RCM published in the Gazette of India (Extraordinary) (Part1 - Section 1) on 21st August, 2023.

The recent amendment issued on 2nd February 2024, the Ministry of Power has deleted the provision related to debarring RE Generators in cases of delays in the commencement of power supply.

The Ministry of External Affairs (MEA) notified rules for leasing the sea bed for offshore wind power projects with the lease being valid for 3 years for resource measurement, which can be further extended by an additional period for two years.

The Ministry of New and Renewable Energy had issued ‘Policy for repowering of the Wind Power Projects’ on 5th August 2016 in order to create a facilitative framework for repowering.

Bottlenecks in the global wind industry supply chain could leave the world with only three-quarters of the wind energy installations needed for a 1.5°C pathway by 2030, i.e. a 650 GW gap to meet climate targets.

Actions by governments in the Group of Seven (G7) can play a vital role in advancing inclusive, secure and sustainable energy transitions worldwide and addressing the climate crisis.

This report presents a detailed methodology for determining the amount of wind and solar capacity that is required for a country to align with the Paris Agreement’s 1.5°C temperature goal. While the focus of the report is the method, it includes illustrative benchmarks for Brazil, China, India, Indonesia, Germany, South Africa.

New figures clarify the workforce challenge facing the global wind industry with nearly 600,000 technicians needed during the next five years – with more than 240,000 of these roles new recruits to the industry.

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