Average Energy Spot Prices at 2-Year Low, REC Prices Rise Updated On Wed, Nov 6th, 2019 by Saurenergy The average spot power price at IEX dropped 54 percent to a two-year low of Rs 2.71 per unit in October, compared to Rs 5.94 per unit last year. The average spot power price at Indian Energy Exchange (IEX) dropped 54 percent to a two-year low of Rs 2.71 per unit in October, compared to Rs 5.94 per unit in the same […] Read more
India has a Plan to Replace Coal With Renewables: Environment Secretary Updated On Tue, Oct 1st, 2019 by Saurenergy Reduction of coal consumption is not a one-day process and India has a long-term plan to gradually replace coal with renewable energy, a government official has confirmed Reduction of coal consumption is not a one-day process and India has a long-term plan to gradually replace coal with renewable energy, Union Environment Secretary C K Mishra said on […] Read more
Coal Well Ahead of RE in Southeast Asia’s Power Market, for now Updated On Sat, Sep 28th, 2019 by Saurenergy Coal will continue to be the dominant fuel source in Southeast Asia and is predicted to peak before slowing down before renewable energy sources. According to a new report by Wood Mackenzie, coal will continue to be the dominant fuel source in power generation of Southeast Asia, peaking at 2027 before slowing down and accounting […] Read more
Modi at UN: India to Increase Non-Fossil Fuel Target to 450 GW Updated On Tue, Sep 24th, 2019 by Saurenergy PM Modi further added that the current actions are inadequate and we need a behavioral shift in combating climate change. Prime Minister Narendra Modi made a big announcement at the UN Climate Summit about India doubling the share of non-fossil fuel capacity. Prime Minister Narendra Modi was warmly welcomed by US President Donald Trump just […] Read more
Renewables Still far From Overtaking Coal in Indian Power Sector Updated On Thu, Aug 22nd, 2019 by Saurenergy CIL believes that renewable energy sources are unlikely to overtake coal as the major source of power generation in India any time soon Iterating that renewable energy sources were unlikely to overtake coal as the major source of power generation in India any time soon, state-owned Coal India Ltd said the energy migration would happen “differently” in the country as compared to […] Read more
Renewable Energy Projects Accounted for 80% of all Energy Financing in 2018 Updated On Fri, Aug 16th, 2019 by Saurenergy A new report has revealed that renewable energy projects took up a vast majority, nearly 80 percent, of the total energy financing in 2018 A new report has revealed that renewable energy projects took up a vast majority, nearly 80 percent, of the total energy financing in India last year, while financing for coal-fired power […] Read more
Despite Renewable Push, Coal Will Remain the Main Energy Source Updated On Wed, Jul 24th, 2019 by Saurenergy Even as the government continues its push for renewables, coal-fired power is expected to remain the main source of energy for the next decade or so. Even as the government continues its push for renewables, coal-fired power is expected to remain the main source of energy for the next decade or so, Power and New and Renewable Energy Minister R K Singh […] Read more
Spot Power Prices Drop 11% in June to Rs 3.32/unit Updated On Tue, Jul 9th, 2019 by Saurenergy Average spot power prices drop 11 percent to Rs 3.32 per unit in June compared to the year-ago month, IEX said. Average spot power prices drop 11 percent to Rs 3.32 per unit in June compared to the year-ago month, the Indian Energy Exchange (IEX) said. With the trading of 4,207 million units (MU) of electricity, the […] Read more
Power Ministry’s 5-Year Action Plan Bodes Well for Renewables but with Conditions Updated On Thu, Jul 4th, 2019 by Saurenergy The Ministry of Power and MNRE have presented their 5-year plan charting the way forward for the country’s power sector. The Power Ministry and the Ministry of New and Renewable Energy (MNRE) recently presented the 5-year action plan (vision document) for the two ministries, charting the way forward for the country’s power sector. Aiming at […] Read more
