India has emerged as the biggest renewable energy lab in the world

The green energy consumption has touched its new heights since this April in Tamil Nadu with the duo of solar energy sources and wind energy sources contributing upto 1,500 MW of production. Out of the installed capacity of 900 MW, 700 MW was successfully generated by noontime through solar energy and 800 MW during the evening time through wind energy. A senior Tamil Nadu Enery Board official said, that 900 MW was commissioned before March out of the estimated 1,200 MW. The energy demand has touched the limit of 15,500 MW amongst the farmers and the domestic.

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Trend of export of Clean & Renewable energy

Technology trends…. the constantly changing ones. The phases of time recorded through hashtags on twitter and on other social networking sites, the most talked about by the tech-savvy curious chimps.

IEEE – Institute of Electrical & Electronics Engineers, a pro-org… Largest of its kind, has pushed itself through every struggle and maintained a hierarchical relationship with the technological environment. The organization has predicted some really interesting quick bits for us by the beginning of this year. One, that has caught the eyes of every one, is the trend of export of Clean & Renewable energy.

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Budget 2016-17 and Renewable Energy sector

Budget 2016- has been thoughtful about the Renewable Energy sector in mixed manners. Of the nine key streams – infrastructure is one important. There shall be an outlay of a total of INR 10k crores for RE, about a half would come from NCEF*. Major chunk of this might flow towards the Solar Energy stream. However, there has been emphasis on diversifying power sources and thrust is also going to be on nuclear energy.

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Arguing –’ The Wind Energy is Anti-environment’ :

It is no less than a debate since years whether the Wind Energy sector is anti to environment. Opinions exist that there are unfavorable effects of the Wind energy plants on Birds. Ornithologists hold Wind Mast blades as killers of the birds and bats, and count it as direct negative effect over environment. It is another common blame on the industry about Noise generated along with  Wind based power generation. The Wind fans have so much of noise that it makes living impossible in the vicinity to wind farms altogether. Similarly it is the land use getting affected – and the area of plant has no other use of the entire chunk of land – which is a grave concern in some countries.

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Renewable Energy sector in the year that was:

The year 2015 and the Renewable energy sector – there are few useful observations much away from the technological step-ups and over all development. To quote, first, as the investment in the sector of the clean energy had touched an impressive high of $270 billion in the year 2014, breaking the lull of previous two years, and obvious impact emerged in 2015 leading to clean energy power generation of as much as 103GW based on solar and wind.

A total investment being $ 2 trillion in a period of past 10 years is quite significant and renewable energy capacity has thereby increased faster by end of the decade as per the UNEP.

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India expects $200 billion investment in the Renewable Energy

India is an emerging international hub for investing into the Renewable Energy sector. Investors across the globe are eyeing the country to make fortunes from the deployment of Renewable Energy based power generation projects. The country is expecting an investment of $200 billion in the Renewable Energy domain; domestic and international investors have already committed $20-30 billion investment for such ventures.

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Transaction Portal For Renewable Energy Project

Renewable energy (RE) best known as sustainable energy is gradually replacing the conventional sources of power generation, across the globe. Past few years have witnessed an exponential growth in the number of renewable energy based power generation project installations; this in turn has led to a significant increase in number of RE project transactions (buying and selling); as of now stakeholder interaction for all renewable energy project transactions is limited to the traditional mode only.

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MNRE and the Government of Mozambique sign MoU

The Ministry of New and Renewable Energy (MNRE), Government of India, and the Ministry of Mineral Resources and Energy, Government of Mozambique, have signed a Memorandum of Understanding (MoU). The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi has approved the MoU. The MoU was signed in New Delhi during the visit of the President of Mozambique to India.

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KPMG expects India to emerge as a hot destination for solar energy investment

KPMG expects India to emerge as a hot destination for investment into solar energy projects. As per KPMG, with declining global energy demand, India could soon turn out to be a favorite destination for investing into solar energy ventures if the framework for risk and returns is in place.

It is further expected that solar power projects might disrupt the traditional power generation ecosystem as early as 2017.

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India and Belgium sign MoU for energy

The Indian and Belgian government authorities have signed a Memorandum of Understanding (MoU) for energy at the Federal and regional levels. The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi has approved the MoU.

The Memorandum of Understanding aims to establish the basis for a cooperative institutional relationship to encourage and promote technical bilateral cooperation on new and renewable energy issues on the basis of mutual benefit, equality and reciprocity.

The governments will cooperate on the development of new and renewable energy technologies including Wind energy, Biomass, Solar (thermal and photovoltaic), Smart grids, geothermal energy, and Marine energy.