Indian regulators want to lower the floor price of RECs – a move that could increase renewables demand and benefit sellers who have huge inventories of unsold credits.
Spain reboots its renewable energy program, while India has said the country will double the installed capacity in solar parks to 40 gigawatts.
India’s new draft National Electricity Plan concludes India does not require any new coal-fired power stations and its energy minister says it must look beyond fossil fuels.
India’s coal power boosters are now confronting an increasing array of signals which suggest the diversification away from coal will only accelerate in 2017.
International Energy Agency questions economics of Galilee Basin coal projects, suggesting coal is not popular in India and its use will be rapidly usurped by solar and wind if climate targets are to be met.
India’s power minister again calls on power generators to cease coal imports if the nation is to come good on “One Nation, One Grid, One Price” energy goal.
Suzlon Energy’s Tulsi Tanti says making wind turbines in Australia would be a “win-win”, but market must first demonstrate stability, growth.