oppn parties Green Energy: Despite Increasing Usage, India Behind on Committments

News Snippets

  • Delhi Additional district judge Nikhil Chopra says there is no legal right for people seeking to worship deity inside Qutab Minar, says it survived 800 years without worship so "let it survive like that"
  • Punjab chief minister Bhagwant Mann sacks state health minister Vijay Singla over corruption charges. Singla was later arrested by the ACB
  • Protestors burn the house of Andhra minister P Viswaroop and MLA Satish Kumar over renaming of Konaseema district as B R Amberdkar Konaseema
  • Gyanvapi: Varanasi district judge decides to first hear the 'maintainability' plea filed by mosque management
  • Delhivery and Venus Pipes shares list at premium of 10% and 8.7% respectively even when market sentiment was down
  • In a bid to cool edible oil prices, Centre allows duty-free imports of 20 lakh tonnes each of crude sunflower oil and crude palm oil per annum this year and next
  • Centre caps sugar exports to ensure availability of stocks in the domestic markets to cool prices
  • Stock markets get the jitters as RBI signals rate hike and government moves in to control inflation: Sensex tumbles by 236 points to 54052 and Nifty goes down by 89 points to 16125
  • IPL: Lucknow Super Giants to meet Royal Challengers Bangalore in the first Eliminator today. Winners to take on Rajasthan Royals for a place in the finals
  • IPL: Sensational David Miller blasts three sixes off the first three deliveries of the last over to help Gujarat Titans beat Rajasthan Royals by 7 wickets and enter their maiden IPL final in their debut year
  • While joining US-led IPEF, PM Modi says it will bring "peace and prosperity in the Indo-Pacific region"
  • Mamata Banerjee says Bengal government will not lower VAT as the excise cut by the Centre will already reduce state's revenue by Rs 641 cr
  • Mamata Banerjee says Central agencies must be made autonomous to save democracy
  • While commuting the death sentence of 2 men and 1 woman, the Supreme Court says convict's conduct before and after crime is vital for death penalty
  • Health minister Mansukh Mandaviya slams the Covid death report of WHO at the 75th session of World Health Assembly in Geneva
US President Joe Biden says India-US ties to be among "closest on earth" //////// China and Russia send bombers near Japan even as Quad leaders were holding meetings there /////// Gujarat Titans enter IPL finals in style, beat Rajasthan Royals by 7 wickets
oppn parties
Green Energy: Despite Increasing Usage, India Behind on Committments

By Ashwini Agarwal
First publised on 2016-10-18 20:06:08

With more and more corporates willing to buy power directly from green power generating companies, is the sector finally finding a niche? A report in The Economic Times has identified Taj Hotels, Tata Teleservices, Philips India, JK Tyres and 100 more who are buying power directly from power generators like ReNew Power, CleanMax and others. This means that the power generators do not have to depend on state utilities to buy their production and can now get a better price. They will just have to pay a wheeling charge to the utility for carrying the power on the grid.

Despite a lot of focus, India’s green energy production is nowhere near what it has committed in international forums. But since India has already ratified the Paris climate agreement, it will have to keep its commitments. The biggest drawback for green energy is that many states are simply not interested. They have schemes and energy parks, but those are just in name. In the initial euphoria, many investors came forward to announce units. But most were never set up. The cost-benefit scenario for the investors, despite government subsidies, was not very lucrative till recently.

But with things moving up on the GHG front and the rich countries committing to help the developing nations in sourcing energy from solar, wind and other renewable sources, there should be another round of investor interest in setting up green energy units. Set up cost has also fallen with solar panel prices having dropped by 25 percent in some cases. Land, however, remains a bottleneck. Also, state utilities are reluctant to pay a good price and payment is also notoriously slow. India will need to remove the bottlenecks fast if it has any intention of being a major producer of green energy.