News

Launch was on 26 Sept.

Will supply 29 SCD wind turbines.

Driven by plunge in new wind energy capacity.

Will provide US$500 million for this project.

Project will cost US$700 million.

Will exceed 5 MW from 2 MW.

Uses up one fifth of global coal consumption.

Coal to supply over half of India’s energy needs.

Report says these markets are the future. A new report by IHS estimates that photovoltaic installations in small, emerging markets could rise at about triple the global average during the period from 2012 through 2017. Annual installations in these emerging countries are expected to increase to 10.9 GW in 2017, expanding at a compound annual growth rate of 38% from 2.2 GW in 2012. In contrast, the overall global market will expand at a CAGR of only 13% during the same period. The emerging markets will account for 19% of global solar installations in 2017, up from just 7% in 2012. IHS noted that across the world, new markets for solar PV are emerging, propelled by government incentives, including tenders for large-scale contracts, feed-in-tariff schemes and self-consumption support. Although these markets sometimes have huge hurdles like limited financing, regulatory uncertainty and opaque local regulatory conditions, companies throughout the solar supply chain can benefit from targeting these fast-growing emerging countries. Of the emerging countries IHS analyzed, Thailand and Turkey are expected to become the largest markets in the coming years. Both countries have the potential to install a cumulative total of nearly 3 GW of PV systems during the period from 2013 through 2017.

Becomes one of only five countries with 10 GW solar capacity.

This could begin as early as this autumn.

Hydropower will come second.

Subsidies will be given from 2013 to 2015.

Releases plan to cap coal consumption.

Expands relationship in conventional energy.

New policy covers shale gas and oil exploration. The U.S. Energy Information Administration estimates show that India could have as much as 96 trillion cubic feet (tcf) of recoverable shale gas reserves equivalent to 26 years of the country's gas demand. Exploration and production of shale gas, however, remains a long way off for India. India is beset by energy shortages that make power outages common and hinders its industrial growth. Energy imports account for a large share of its energy supplies and strains its finances. The Cabinet Committee on Economic Affairs (CCEA) approved the shale gas and oil exploration program to boost domestic output. This policy will allow national oil companies to carry out exploration and exploitation of unconventional hydrocarbon resources particularly shale gas and oil in their already awarded in Petroleum Exploration License/Petroleum Mining Lease (PEL/PML) acreages under the nomination regime. Six basins hold shale gas potential: Cambay (Gujarat); Assam-Arakan (in the northeast); Gondawana (in central India); KG onshore (in Andhra Pradesh); Cauvery onshore and the Indo-Gangetic basins. State-owned Oil and Natural Gas Corp and Oil India Ltd have been permitted to explore and produce shale oil and gas. Of the 356 blocks held by ONGC and Oil India, 176 could hold shale resources. The government will offer shale oil and gas blocks to other companies through an auction planned after this policy is taken to the Cabinet for approval in next few weeks.