News Update

Realizing that India needs to diversify its energy mix, the government is focusing on alternative, renewable energy options. The high production cost and its effect on state power utilities' budgets, however, is viewed as a deterrent. The country is among the top five nations in the world with a renewable energy production capacity of 20,000 MW and an additional 2500 MW of capacity being added every year, according to India's ministry of new and renewable energy. Even as India has to import nearly three-fourths of its energy needs because of a limited stock of conventional energy sources, the country's renewable energy potential is 100,000 MW from solar energy alone and an additional 85,000 MW from non-solar sources such as hydro and wind. The Central Electricity Regulatory Commission has come up with guidelines on issuing renewable energy certificates to promote green energy. Certificate holders will be able to sell green energy to states, individuals or other trading entities. States have been allotted different renewable energy purchase obligations.  Read full story...