In the discourse over creation of renewable capacity in India, inadequate attention has been paid to what constitutes a critical component of the renewable power system: storage capacity. The cost and availability of energy storage technology could dictate how close India gets to meeting its renewable targets
Renewable energy is making enormous progress in India, but it is driven more by targets, governmental support and economics than a consumer push. The centre has pushed down renewable energy costs through large-scale bids; even wind has moved from a feed-in tariff to a competitive bidding regime now
India generated 10.2 Billion Units (BUs) of electricity from green energy sources including solar, wind, biomass and small hydro -- 26 per cent more than 8.1 BUs of renewable energy generated in the same month last year and 17 per cent more than 8.6 Bus generated in the previous month (May 2017), research and ratings agency India Ratings said in a report.
IREDA is fully committed to helping achieve Indian Government's vision of 175 GW renewable energy capacity by 2022. The Green Masala Bond is a significant milestone; The five-year dated bond raised approximately USD 300 million (Rs 19.5 billion), with a coupon of 7.125 per cent, and became the first Green Masala Bond to be listed on the International Securities Market.
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