-
Clean Energy Investment Trends 2018
…to provide stakeholders a practical guide for understanding the current clean energy investment environment in India and how the evolution of regulations and risks is impacting where finance is flowing (and where it is not). The results of this investigation would provide policy makers with insights to better manage risks and address regulatory challenges going forward. Based on a granular analysis of project-level data and stakeholder consultations, the project uniquely seeks to triangulate and map the evolution of the risks and opportunities perceived by the three major actors in India’s renewable energy sector that underpin all market activity…
-
Clean energy transitions: Accelerating innovation beyond 2020
Focus on India In recent years, governments have increasingly focused on innovation as a means to accelerate clean energy transitions and meet climate targets under the Paris Agreement. Despite efforts, illustrated by Mission Innovation country pledges to double public research and development spending in clean energy over a five-year period, much remains to be done. This brief Discussion Paper provides an overview of IEA work on innovation as part of clean energy transitions, tapping into India’s experiences and success stories. It also considers aspects relevant to multilateral innovation partnerships including Mission Innovation, and suggests ways forward for policy…
-
Clean Energy Investment Trends 2021
…even amid considerable volatility in commodity prices. These developments have intensified the scrutiny on the returns associated with the Indian RE sector. To shed light on these matters, the Clean Energy Investment Trends 2021 report analyses project-level equity returns expectations associated with plain vanilla assets over the period July 2020 - June 2021 as well those corresponding to select hybrid projects. It endeavours to contextualise these returns expectations by comparing them with those in other geographies and examines their sensitivities to solar photovoltaic (PV) module prices, which are now subject to increased volatility. The report also examines land-related challenges…
-
Clean energy Investment Trends 2020
…levels of investment needed to align with a sustainable pathway remain.
The Clean Energy Investment Trends 2020 report examines the appeal of utility-scale solar PV and onshore wind energy in India by analysing project-level equity returns over 2019 and into the first half of 2020. It looks at the key sensitivities in regard to returns and challenges to attracting capital that stem from issues related to policy uncertainty, the financial health of state distribution companies (DISCOMS), demand risk, and land-related constraints. In addition, the report offers an update on key renewable energy debt financing and market trends… -
20 Renewable Energy Policy Recommendations
Renewable energy has grown rapidly in recent years, especially in the electricity sector where renewables now account for the largest power capacity additions globally. However, renewables still account for only just above 10% of final energy consumption and the energy sector remains dominated by fossil fuels. Renewables need to increase further and faster to bring about an energy transition that achieves climate targets, ensures energy access for all, reduces air pollution and improves energy security. These 20 recommendations provide guiding principles for policy making, based on best practices observed across IEA member states and partner countries. They can be adapted…
-
Empowering Ukraine Through a Decentralised Electricity System
A roadmap for Ukraine’s increased use of distributed energy resources towards 2030 This roadmap from the IEA, Empowering Ukraine through a Decentralised Energy System, outlines a pathway to rebuild and modernise Ukraine’s power sector amid ongoing attacks on its energy infrastructure.Since Russia’s full-scale invasion of Ukraine in February 2022, nearly two-thirds of Ukraine’s dispatchable power capacity has been occupied, damaged, or destroyed. The report highlights distributed energy resources (DERs) as a vital solution to address their power deficit while enhancing Ukraine’s energy security, resilience, and flexibility. DERs – such as solar PV, wind…
-
Renewables Integration in India
…renewables increasingly challenge the power system Renewable energy penetration is highly variable by state in India. The share of solar and wind in India’s ten renewables-rich states (Tamil Nadu, Karnataka, Gujarat, Rajasthan, Andhra Pradesh, Maharashtra, Madhya Pradesh, Telangana, Punjab and Kerala) is significantly higher than the national average of 8.2%. Solar and wind account for around 29% of annual electricity generation in Karnataka, 20% in Rajasthan, 18% in Tamil Nadu and 14% in Gujarat (financial year [FY] 2020/21). India’s renewables-rich states already have a higher share of variable renewable energy (VRE) than most countries…
-
Status of Power System Transformation 2018
…abundant wind and solar energy, the rise of distributed energy resources and increasing digitalisation. These factors are leading to a structural shift in the way power systems are best planned and operated. In particular, they call for increased flexibility of power systems. Power system flexibility encompasses all relevant characteristics of a power system that facilitates the reliable and cost-effective management of variability and uncertainty in both supply and demand.
A lack of system flexibility can reduce the resilience of power systems, or lead to the loss of substantial amounts of clean electricity through curtailment of variable renewable energy sources…
-
Renewables 2020
…projects compensates for the decline in rooftop additions resulting from individuals and companies reprioritising investments. Wind and solar PV additions are set to jump by 30% in both the People’s Republic of China (“China”) and the United States as developers rush to complete projects before changes in policy take effect.The renewables industry has adapted quickly to the challenges of the Covid crisis. We have revised the IEA forecast for global renewable capacity additions in 2020 upwards by 18% from our previous update in May. Supply chain disruptions and construction delays slowed the progress of renewable energy projects i...
-
Status of Power System Transformation 2018: Summary for Policy Makers
…abundant wind and solar energy, the rise of distributed energy resources and increasing digitalisation. These factors are leading to a structural shift in the way power systems are best planned and operated. In particular, they call for increased flexibility of power systems. Power system flexibility encompasses all relevant characteristics of a power system that facilitates the reliable and cost-effective management of variability and uncertainty in both supply and demand. A lack of system flexibility can reduce the resilience of power systems, or lead to the loss of substantial amounts of clean electricity through curtailment of variable renewable energy sources…