Ahead of Prime Minister Narendra Modi's visit earlier this week to COP28, India's foreign secretary Vinay Mohan Kwatra categorically said India would not say goodbye to coal in the foreseeable future
The initiatives aim at attracting investments, providing employment and improving the economy of the State.
Future energy will be coming from existing and newer renewables, and it is not possible to transition into greener energy without that.
While all this sounds very rosy, there are concerns that emissions from grid-connected hydrogen electrolysis might be multiple times worse than conventional ‘grey’ hydrogen produced from fossil fuels.
Green technologies such as cheaper solar power and better energy storage are turning India into a renewable energy powerhouse. But for now, we can make smarter use of our huge coal reserves.
However, this rapid growth in renewable energy brings with it an impending issue -- by 2050, we may be faced with millions of tonnes of discarded solar PV panels.
It may be noted that the state so far has only rules related to establishing renewable energy units and its related infrastructure.
The minister said India’s energy transition programme is at the top in the world. The renewable energy capacity addition in the country is the fastest in the world.
Similar joint ventures and alliances with Indian companies are being pursued in Guyana and Suriname, with long-term rights.
The project is slated to generate around 1,500 direct and 4,000 indirect job opportunities with an aim to curtail annual carbon dioxide emissions by nearly two million tonnes.
Airtel has also entered into a similar stake purchase agreement with the project company Vibrant Energy to supply solar power to its Edge data centre in Vijayawada.
The plant is expected to produce 61. 875 million units (MUs) of electricity annually, which would meet the energy requirement of the steel manufacturing unit of SSMI.
In its efforts to provide electricity to farmers in the day time, Andhra Pradesh is generating 8,998 MW solar and wind power, Jagan pointed out.
Chakradhar Babu said NHPC and APGENCO will implement new pumped storage and renewable energy projects by forming a joint venture company with a 50:50 cost sharing pattern.
The solar panels will be established at around 72 premises of the Hyderabad Metropolitan Water Supply and Sewage Board including 45 STPs and pump houses.
Despite production going up from other sources, the state still needs thermal power plants as they cannot be shut down completely.
To promote solar rooftops, the government has also made available loan facilities and housing loan top-up services at low interest rates through various banks.
George said as suggested by Dy CM DK Shivakumar, solar power generation at Pavagada near Tumakuru can be increased by 10,000 MW.
Brookfield will work with Reliance to explore avenues of direct capital investment and the development of skills, knowledge and expertise in the renewable energy sector.
Global industrial supply chains and power structures will become more volatile in the decades ahead being tied increasingly to the need to secure access to energy and related critical raw materials.