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Tycoon drives India’s push against China’s solar-energy dominance

Livemint

Livemint · 1y ago

Tycoon drives India’s push against China’s solar-energy dominance

India's Adani Group, founded by billionaire Gautam Adani, is establishing a solar supply chain to reduce its reliance on Chinese imports and meet India's renewable energy targets. The group plans to set up indigenous manufacturing of ingots, wafers, cells, and panels, and is constructing a solar farm that will cover an area over five times larger than Paris. India aims to install 500 gigawatts of renewable energy capacity by 2030 but is currently two-fifths of the way there. Adani Group's investments throughout the supply chain, including local manufacturing, offer opportunities to address the tension between renewable energy targets and reducing dependence on Chinese imports.

Related News

ReNew Power to invest ₹22,000 cr in Andhra’s largest Green Project

Inshorts · 7m ago

ReNew Power to invest ₹22,000 cr in Andhra’s largest Green Project

ReNew Power will invest ₹22,000 crore to set up India’s largest hybrid renewable energy park in Anantapur, Andhra Pradesh. Featuring solar, wind, and battery storage, the project supports India’s 2030 clean energy targets. It will generate 1.8 GW solar, 1 GW wind, and 2 GWh BESS, creating 10,000 jobs and boosting Andhra Pradesh’s green energy ambitions.

‘The US and China face a ‘Thucydides Trap’ which could lead to war — India is growing dramatically faster than Beijing now’

Economic Times

Economic Times · 3m ago

‘The US and China face a ‘Thucydides Trap’ which could lead to war — India is growing dramatically faster than Beijing now’

Graham Allison, a Harvard professor, discusses the 'Thucydides Trap', where a rising power, China, threatens the US, potentially leading to war. He argues it's not inevitable, referencing past rivalries that didn't end in conflict. Allison highlights Donald Trump's approach to alliances and China’s dominance in renewable energy, urging India to learn from China’s economic strategies. However, differences in cultural values, such as freedom, are evident between India and China.

SWREL bags Rs 1,400 crore order from Adani Green Energy in Gujarat

Economic Times

Economic Times · 20d ago

SWREL bags Rs 1,400 crore order from Adani Green Energy in Gujarat

Sterling and Wilson Renewable Energy Ltd (SWREL) secured an order worth approximately Rs 1,400 crore from Adani Green Energy for three solar power projects in Gujarat's Khavda Renewable Energy Park. This marks their first purchase order from Adani Green Energy. SWREL is currently executing 6 GW in the region, with 5 GW to be completed this fiscal year. The partnership strengthens SWREL’s dominance in the Indian solar market and brings total orders this fiscal to over Rs 6,450 crore.

Why India should align with China

Economic Times

Economic Times · 3m ago

Why India should align with China

The article discusses China’s advancements in key technologies, highlighting its energy dominance with a focus on clean energy, its leadership in electric vehicles (EVs), AI developments, and warfare technology. It argues that India's growth requires alignment with China's strengths in energy, manufacturing, and AI to secure its economic future. By collaborating with China on strategic areas while maintaining autonomy, India can enhance its capabilities and market reach. The article underscores the evolving dynamics in technology and international relations.

Will India's Renewable Energy Storage Capacity Reach 25–30 GW by FY28?

OutlookIndia

OutlookIndia · 7m ago

Will India's Renewable Energy Storage Capacity Reach 25–30 GW by FY28?

India's renewable energy sector aims to reach 25–30 GW of storage-backed capacity by FY28, up from almost nil the previous fiscal, driven by policy support and demand. This growth is propelled by the government's push for sustainable energy amid increasing power requirements. Projects like firm and dispatchable renewable energy and solar with energy storage support grid stability. By 2029-30, renewable energy's share is expected to rise from 18% to 44%, while thermal energy reduces.

EaseMyTrip’s Nishant Pitti urges boycott of Chinese endorsements over Pakistan support

Economic Times

Economic Times · 7m ago

EaseMyTrip’s Nishant Pitti urges boycott of Chinese endorsements over Pakistan support

EaseMyTrip founder Nishant Pitti urged boycotting Chinese products and endorsements, emphasizing national interest over convenience, amid China’s support for Pakistan during India’s Operation Sindoor. Pitti had earlier advised against travel to Turkey and Azerbaijan due to their sympathies towards Pakistan post-Pahalgam attack. Highlighting the impact of consumer choices, Pitti encouraged spending on nations respecting Indian values. His stance aligns with India's strategic moves against terrorism-supportive nations and their allies.

Why SECI struggles to find buyers for its renewable energy tenders

Livemint

Livemint · 1y ago

Why SECI struggles to find buyers for its renewable energy tenders

The Solar Energy Corp. of India (Seci) is currently under scrutiny due to its involvement in a bribery scandal alongside Indian tycoon Gautam Adani. Seci acts as a mediator between private power producers and state power distribution companies (discoms) to promote renewable energy. However, challenges have arisen as Seci struggles to secure buyers for the power generated from these projects, leading to allegations of bribery in the tendering process. Issues such as a mismatch between supply and demand, financial constraints of discoms, and flawed tender contracts have contributed to these challenges. To address these flaws, it is suggested that Seci prioritize securing buyers before tendering, review bid expiry policies, balance incentives for local manufacturing, and ensure accountability across the energy value chain.

Macquarie’s Blueleaf teams up with Jakson Green for $400-mn India solar venture

VCCircle

VCCircle · 10m ago

Macquarie’s Blueleaf teams up with Jakson Green for $400-mn India solar venture

Blueleaf Energy, owned by Macquarie Asset Management, partners with India’s Jakson Energy for a $400 million solar venture in Rajasthan, with a generation capacity of 1 GW. The joint initiative aims to develop over 5 GW of renewable energy in India by 2030. The project is slated for commissioning by 2025-26. Jakson Green has also secured credits for its operations and is expanding into biofuels, while Blueleaf pursues other renewable ventures in Asia.

Gujarat Awards KPI Green a INR 696 Cr Contract

StartupTalky

StartupTalky · 1m ago

Gujarat Awards KPI Green a INR 696 Cr Contract

KPI Green Energy has secured a INR 696.50 crore contract from SJVN Ltd for developing a 200 MW solar power project at the GIPCL Renewable Energy Park in Khavda, Gujarat. This agreement bolsters KPI Green’s reputation as a reliable EPC partner for large renewable projects. Responsibilities include providing equipment, construction, and three years of operations and maintenance post-completion. SJVN, expanding from hydropower to renewables, solidifies KPI's role in India’s renewable energy sector.

India's Reliance unveils swappable, multipurpose batteries for EVs

Reuters · 2y ago

India's Reliance unveils swappable, multipurpose batteries for EVs

Indian oil refining company Reliance Industries showcased its swappable and multipurpose battery storage technology for electric vehicles (EVs) at a renewable energy exhibition. The batteries, developed as part of Reliance's $10 billion green push towards clean energy, can be used for both mobility and powering household appliances. The company plans to set up battery swap stations and encourage households to recharge batteries using rooftop solar panels. Reliance aims to reduce reliance on its oil-to-chemical business and become carbon neutral by 2035.

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