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

News Snippets

  • In reply to a question in Parliament, the government says it is empowered to lawfully intercept, monitor or decrpyt information stored in a computer resource in the interest of sovereignty or integrity of India
  • Police stop a 12-year old girl on her way to the Sabarimala shrine
  • In Karnataka, the JD(S) indicates that it might support the BJP government if it falls short of numbers after the bypolls
  • Congress pips the BJP in local body elections in Rajasthan, winning 961 wards to the BJPs 737
  • After Airtel and Vodafone-Idea, Jio also indicates that tariffs will be raised from December
  • Sources in Shiv Sena say that they might revive the alliance with the BJP if it offers the 50:50 deal
  • A miffed Sanjay Rout of the Shiv Sena says that it will take "100 births" to understand Sharad Pawar
  • Mobile operators Vodafone-Idea and Airtel decide to raise tariffs from next month
  • Sharad Pawar meets Sonia Gandhi and says more time needed for government formation in Maharashtra
  • Justice S A Bobde sworn in as the 47th Chief Justice of India
  • Supreme Court holds hotels liable for theft of vehicle from their parking area if parked by valet, says "owner's risk" clause is not a shield from such liability
  • Finance Minister says she is receiving feedback from many sectors that recovery is happening as there is lower stress
  • Sabarimala temple opens, but police bar the entry of women below 50 years
  • Finance Minister Nirmala Sitharaman says Air India and BPCL to be sold off by March
  • Media person Rajat Sharma resigns as DDCA president
Two Muslim litigants in Ayodhya refuse to accept the Supreme Court order, say review petition might be filed
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Green Energy: Despite Increasing Usage, India Behind on Committments

By Ashwini Agarwal

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.