Clean energy market monitor: March 2024
Clean energy is growing rapidly, as annual deployment of a number of key technologies has surged ahead in recent years driven by policy support and continued cost declines. Their growth is starting to
Clean energy is growing rapidly, as annual deployment of a number of key technologies has surged ahead in recent years driven by policy support and continued cost declines. Their growth is starting to
Looks like land grab Asia
Wind above other renewables? Maharashtra has promoted the Urjankur Nidhi Trust with Infrastructure Leasing & Financial Services (IL & FS), a Mumbai-based consultancy firm, to promote non-conventional energy projects in the state. The objective is to raise equity in renewable projects that include bagasse co-generation, mini hydro, waste-to-energy, solar and wind. The fund has a corpus of Rs
Wind power has used the economic route to be viable In major wind power producing countries like Denmark and Germany, wind power is promoted through preferential tariffs and a larger incentive is given to wind farms with high plant load factor. In Denmark, wind power had a fixed preferential feed-in tariff. Today, it is sold there in a liberalized electricity market at competitive
The 11<sup>th</sup> plan has set what industry considers a modest target of 10,000 mw capacity addition in five years. Everyone agrees that much more is possible. But for this to happen, big time, the business of wind must be into energy generation and not just encashing credits because of investment subsidies.
Renewable Energy Certificates (RECs) are a type of environmental commodity intended to provide an economic incentive tor electricity generation from renewable energy sources. If renewable energy such as wind or solar power is to be supported for global, environmental or a country's energy security objective, it does not matter where the solar or the wind plant is located.
Rajasthan is one of the states that is bestowed with good wind energy potential in the country. Of the 45,000 MW wind energy potential identified by the Ministry of New and Renewable Energy (MNRE) sources, 5,400 MW has been assessed for Rajasthan. An assessment by the Centre for Wind Energy Technology (C-WET), Chennai shows that Rajasthan has encouraging wind profile for harnessing wind power.
Amid a challenging economic outlook
LONDON (Reuters) - Renewable energy, such as wind, solar and hydropower, will overtake gas to become the second largest source of electricity behind coal by 2015, the International Energy Agency (IEA) said on Wednesday.
With the average price of a gallon of gasoline hovering somewhere around $4 in the U.S. and oil prices continuing to rise the whole world is refocusing their attention on the viability of alternative energy sources. A window seems to be opening for genuine progress in lessening our dependence on fossil fuels.
The International Energy Agency (IEA) visualises renewable energy (wind, solar and hydel) outgrowing gas-based energy and becoming the second largest source of electricity, after coal, as early as 2015.