{"id":623,"date":"2015-11-24T09:58:52","date_gmt":"2015-11-24T09:58:52","guid":{"rendered":"https:\/\/sunkrish.com\/?p=623"},"modified":"2017-02-13T17:49:39","modified_gmt":"2017-02-13T17:49:39","slug":"india-5th-on-doing-biz-in-clean-energy","status":"publish","type":"post","link":"https:\/\/sunkrish.com\/index.php\/2015\/11\/24\/india-5th-on-doing-biz-in-clean-energy\/","title":{"rendered":"India 5th on doing biz in clean energy"},"content":{"rendered":"<p style=\"text-align: left;\"><a href=\"https:\/\/sunkrish.com\/index.php\/2016\/05\/19\/worlds-largest-rooftop-solar-power-plant-inaugurated-in-punjab\/download-21\/\" rel=\"attachment wp-att-3109\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-3109\" src=\"https:\/\/sunkrish.com\/wp-content\/uploads\/download-21.jpg\" alt=\"\" width=\"240\" height=\"153\" srcset=\"https:\/\/sunkrish.com\/wp-content\/uploads\/download-21.jpg 240w, https:\/\/sunkrish.com\/wp-content\/uploads\/download-21-80x50.jpg 80w\" sizes=\"auto, (max-width: 240px) 100vw, 240px\" \/><\/a>Considering India&#8217;s notable policy reforms in the renewable energy sector, Bloomberg New Energy Finance has ranked the country at fifth place on a list of 30 countries on ease of doing business in the renewable energy space. The ranking done by Bloomberg New Energy Finance&#8217;s annual Climatescope report indicates that clean energy&#8217;s centre of gravity is shifting from developed to developing countries. The report ranked China in the first place, followed by Chile, Brazil, South Africa and India.<\/p>\n<p>The report said: &#8220;The new policy ambitions from the (Narendra) Modi government signal clean energy opportunities in the country.&#8221; The strongest parameter in favour of India was value chain, while lower-than-expected investment continues to be the weak link.<strong><br \/>\n<\/strong><\/p>\n<p>As solar energy became more cost-competitive in emerging markets in 2014, there would be a surge of investment and capacity-building in the Asian countries, especially China and India, the report noted. Last year, India added 5 gigawatt (Gw) of clean energy generation capacity.<\/p>\n<table style=\"height: 256px;\" width=\"490\">\n<tbody>\n<tr>\n<td>\n<p style=\"text-align: center;\"><strong>CLEAN BREAK IN RENEWABLE SPACE<\/strong><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td>\n<ul>\n<li><strong>$343.2 billion<\/strong> Total clean energy investments (2009-14) in China<\/li>\n<li><strong>$52.5 billion<\/strong> Total clean energy investments (2009-14) in India<\/li>\n<li><strong>262.5 Gw<\/strong> Installed power capacity<\/li>\n<li><strong>38,360 Mw<\/strong> Total renewable energy capacity<\/li>\n<li><strong>5,009 Mw<\/strong> Renewable capacity added in 2014<\/li>\n<li><strong>14.6%<\/strong> Renewable share in total installed capacity<\/li>\n<li><strong>Top Indian states:<\/strong> Tamil Nadu, Karnataka, Madhya Pradesh, Maharashtra, Rajasthan &amp; Gujarat<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&#8220;Major reforms in India brought by the Modi administration bring hope of quicker deployment for the country&#8217;s eager renewable energy developers,&#8221; said Climatescope.<\/p>\n<p style=\"text-align: left;\">Among the states, Tamil Nadu led the pack with the highest wind energy capacity, followed by Karnataka, Madhya Pradesh, Maharashtra, Rajasthan and Gujarat.<\/p>\n<p>Madhya Pradesh scored the highest among Indian states on growth rate of clean energy investments. The state&#8217;s favourable land policy and easy clearances have resulted in attracting projects. Gujarat, which was once a haven of clean energy investments, slipped from the top slot due to policy uncertainty and litigation over tariff.<\/p>\n<p>Maharashtra&#8217;s high feed-in tariff led to a surge in wind capacity.<\/p>\n<p>The report noted: &#8220;Maharashtra has done relatively little to encourage private investment in solar; it has held no tenders for power contracts and offers no feed-in tariffs.&#8221;<\/p>\n<p>Renewable energy in Rajasthan at 4 Gw represents a high share (32 per cent) of total power capacity of 13 Gw, compared to other states. &#8220;The overall renewable energy capacity grew 14 per cent in 2014 in the state, but it has done little policy-wise to encourage solar development through incentives and the state&#8217;s distribution utilities are among the financially shakiest in India,&#8221; said the report.<\/p>\n<p>At 7.4 Gw, Tamil Nadu has more wind installed than any other state. Since 2012, however, annual new-build rates have fallen and in 2014, only 208 megawatt was commissioned. This is largely due to the poor financial health of state-owned distribution utility companies and occasional payment delays to power project owners.<\/p>\n<p>The Indian government&#8217;s goal of providing round-the-clock power to 1.25 billion citizens has triggered huge interest from investors. The report noted that a strong energy minister overseeing coal, power, and new and renewable energy sectors could have a positive influence.<\/p>\n<p>The Modi-led government has revised the targets for renewable energy to 175 Gw by 2022.<\/p>\n<p>Source: <a href=\"http:\/\/www.business-standard.com\/article\/economy-policy\/india-5th-on-doing-biz-in-clean-energy-115112300009_1.html\" target=\"_blank\">http:\/\/www.business-standard.com\/article\/economy-policy\/india-5th-on-doing-biz-in-clean-energy-115112300009_1.html<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Considering India&#8217;s notable policy reforms in the renewable energy sector, Bloomberg New Energy Finance has ranked the country at fifth place on a list of 30 countries on ease of doing business in the renewable energy space. The ranking done &hellip; <a href=\"https:\/\/sunkrish.com\/index.php\/2015\/11\/24\/india-5th-on-doing-biz-in-clean-energy\/\">Continued<\/a><\/p>\n","protected":false},"author":1,"featured_media":3109,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4,493,5],"tags":[371,461,930,298,487,398,302,294,772,486,462,774,410,651,488],"class_list":["post-623","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-financial-corporate-services","category-economy-business-updates-corporate-affairs","category-india-international-corporate-updates","tag-bloomberg","tag-brazil","tag-chile","tag-ease-of-doing-business","tag-gujarat","tag-india","tag-international","tag-investment","tag-madya-pradesh","tag-maharashtra","tag-narendra-modi","tag-rajasthan","tag-renewable-energy","tag-south-africa","tag-tamil-nadu"],"_links":{"self":[{"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/posts\/623","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/comments?post=623"}],"version-history":[{"count":7,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/posts\/623\/revisions"}],"predecessor-version":[{"id":4105,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/posts\/623\/revisions\/4105"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/media\/3109"}],"wp:attachment":[{"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/media?parent=623"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/categories?post=623"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/tags?post=623"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}