News

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.

Plans to derive 63,000 MWe from nuclear power by 2032. The Department of Atomic Energy said the average annual availability of Indian nuclear power producers has remained at 90%. Six of the 19 operational reactors have logged continuous operation of over 300 days this year. DAE said Indian pressurized heavy water reactors are some of the most economical in the world. India is ready to sell these reactors and is currently building four: two each at Kakrapar in Gujarat and Rawatbhatta in Rajasthan. It noted that India has brought down the price of a nuclear reactor to among the cheapest in the world. The prototype fast breeder reactor (PFBR) at Kalpakkam is close to completion. PFBR is expected to achieve criticality in about a year.

Offers Cuba lines of credit and its RE expertise.

Will have a total generating capacity of 4,000 MW.

Will investigate alleged US subsidies for renewable energy firms.China has launched an investigation into American government policy and subsidy support for renewable energy after the USA decided to probe the alleged dumping of Chinese-made solar panels in the USA.China's solar industry association earlier asked Beijing to launch an anti-dumping and subsidy probe into imports of U.S. polysilicon, the raw material used to make solar cells.The tit-for-tat investigations highlight rising trade tensions between China and the USA, with analysts warning of more protectionism amid weak global economic growth.A Chinese government announcement said the Ministry of Commerce has decided to initiate a trade barrier investigation into policy support and subsidies for the U.S. renewable energy sector.It said Chinese companies claim the U.S. policies are in effect a trade barrier against Chinese renewable energy exports to the USA. The Chinese RE companies argue that these US policies violated the US commitments under World Trade Organization rules.The US policies are also an unreasonable barrier and restriction on China's renewable energy industry, reducing the competitiveness of Chinese products in the USA.

Continues to restructure its loans.

Some 800 MW of additional to come on stream by 2017.

Development sites identified in Aceh.