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Yahoo
03-07-2025
- Business
- Yahoo
India renewable power output grows at fastest pace in three years
By Sethuraman N R and Sudarshan Varadhan BENGALURU/SINGAPORE (Reuters) -India's renewable power output rose at its fastest pace since 2022 in the first half of 2025, a Reuters analysis of government data showed. Renewable power output jumped 24.4% to 134.43 billion kilowatt hours (kWh) for January–June 2025, according to a Reuters analysis of daily load despatch data from the federal grid regulator. The share of renewables, excluding hydropower, hit a record high of more than 17% in June. Coal-fired generation, still India's dominant electricity source, fell nearly 3% in the first half as overall power output growth slowed to 1.5%. Electricity output grew 5.8% in 2024. A milder summer, due to an earlier-than-expected monsoon, and slowing economic activity have reduced coal demand, resulting in record domestic stockpiles and lower imports by the world's second-largest consumer of the fossil fuel behind China. Renewable generation will continue to grow, with India expected to add 32 gigawatts (GW) of renewable capacity this year, compared with about 28 GW in 2024, said Vikram V, vice president of corporate ratings at Moody's unit ICRA. India has already added 16.3 GW of wind and solar capacity in the five months through May, government data showed. The South Asian nation has accelerated wind and solar additions after a prolonged slowdown that led to it missing its 2022 target of 175 GW. It now aims for 500 GW of non-fossil fuel capacity - including hydro and nuclear - by 2030, nearly double the current 235.6 GW. "We believe this is achievable, but in our base case, the target may shift to 2032," S&P Global Commodity Insights said in a note, adding that grid modernisation and energy storage investments are critical to support renewable integration. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Time of India
02-07-2025
- Business
- Time of India
India renewable power output grows at fastest pace in three years
India's renewable power output rose at its fastest pace since 2022 in the first half of 2025, a Reuters analysis of government data showed. Renewable power output jumped 24.4 per cent to 134.43 billion kilowatt hours (kWh) for January-June 2025, according to a Reuters analysis of daily load despatch data from the federal grid regulator. The share of renewables, excluding hydropower, hit a record high of more than 17 per cent in June. Coal-fired generation, still India's dominant electricity source, fell nearly 3 per cent in the first half as overall power output growth slowed to 1.5 per cent. Electricity output grew 5.8 per cent in 2024. A milder summer, due to an earlier-than-expected monsoon, and slowing economic activity have reduced coal demand, resulting in record domestic stockpiles and lower imports by the world's second-largest consumer of the fossil fuel behind China. Renewable generation will continue to grow, with India expected to add 32 gigawatts (GW) of renewable capacity this year, compared with about 28 GW in 2024, said Vikram V, vice president of corporate ratings at Moody's unit ICRA. India has already added 16.3 GW of wind and solar capacity in the five months through May, government data showed. The South Asian nation has accelerated wind and solar additions after a prolonged slowdown that led to it missing its 2022 target of 175 GW. It now aims for 500 GW of non-fossil fuel capacity - including hydro and nuclear - by 2030, nearly double the current 235.6 GW. "We believe this is achievable, but in our base case, the target may shift to 2032," S&P Global Commodity Insights said in a note, adding that grid modernisation and energy storage investments are critical to support renewable integration.
Economic Times
02-07-2025
- Business
- Economic Times
India renewable power output grows at fastest pace in three years
India's renewable power output rose at its fastest pace since 2022 in the first half of 2025, a Reuters analysis of government data showed. Renewable power output jumped 24.4% to 134.43 billion kilowatt hours (kWh) for January-June 2025, according to a Reuters analysis of daily load despatch data from the federal grid regulator. The share of renewables, excluding hydropower, hit a record high of more than 17% in June. Coal-fired generation, still India's dominant electricity source, fell nearly 3% in the first half as overall power output growth slowed to 1.5%. Electricity output grew 5.8% in 2024. A milder summer, due to an earlier-than-expected monsoon, and slowing economic activity have reduced coal demand, resulting in record domestic stockpiles and lower imports by the world's second-largest consumer of the fossil fuel behind China. Renewable generation will continue to grow, with India expected to add 32 gigawatts (GW) of renewable capacity this year, compared with about 28 GW in 2024, said Vikram V, vice president of corporate ratings at Moody's unit ICRA. India has already added 16.3 GW of wind and solar capacity in the five months through May, government data showed. The South Asian nation has accelerated wind and solar additions after a prolonged slowdown that led to it missing its 2022 target of 175 GW. It now aims for 500 GW of non-fossil fuel capacity - including hydro and nuclear - by 2030, nearly double the current 235.6 GW. "We believe this is achievable, but in our base case, the target may shift to 2032," S&P Global Commodity Insights said in a note, adding that grid modernisation and energy storage investments are critical to support renewable integration.
Time of India
02-07-2025
- Business
- Time of India
India renewable power output grows at fastest pace in three years
India's renewable power output rose at its fastest pace since 2022 in the first half of 2025, a Reuters analysis of government data showed. Renewable power output jumped 24.4% to 134.43 billion kilowatt hours (kWh) for January-June 2025, according to a Reuters analysis of daily load despatch data from the federal grid regulator. The share of renewables, excluding hydropower, hit a record high of more than 17% in June. Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track default , selected Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Bank-Repossessed Cars in the Philippines at Bargain Prices! SUV Deals | Search Ads Search Now Coal-fired generation, still India's dominant electricity source, fell nearly 3% in the first half as overall power output growth slowed to 1.5%. Electricity output grew 5.8% in 2024. A milder summer, due to an earlier-than-expected monsoon, and slowing economic activity have reduced coal demand, resulting in record domestic stockpiles and lower imports by the world's second-largest consumer of the fossil fuel behind China. Live Events Renewable generation will continue to grow, with India expected to add 32 gigawatts (GW) of renewable capacity this year, compared with about 28 GW in 2024, said Vikram V, vice president of corporate ratings at Moody's unit ICRA. India has already added 16.3 GW of wind and solar capacity in the five months through May, government data showed. The South Asian nation has accelerated wind and solar additions after a prolonged slowdown that led to it missing its 2022 target of 175 GW. It now aims for 500 GW of non-fossil fuel capacity - including hydro and nuclear - by 2030, nearly double the current 235.6 GW. "We believe this is achievable, but in our base case, the target may shift to 2032," S&P Global Commodity Insights said in a note, adding that grid modernisation and energy storage investments are critical to support renewable integration.
Reuters
01-07-2025
- Business
- Reuters
India renewable power output grows at fastest pace in three years
BENGALURU/SINGAPORE, July 2 (Reuters) - India's renewable power output rose at its fastest pace since 2022 in the first half of 2025, a Reuters analysis of government data showed. Renewable power output jumped 24.4% to 134.43 billion kilowatt hours (kWh) for January–June 2025, according to a Reuters analysis of daily load despatch data from the federal grid regulator. The share of renewables, excluding hydropower, hit a record high of more than 17% in June. Coal-fired generation, still India's dominant electricity source, fell nearly 3% in the first half as overall power output growth slowed to 1.5%. Electricity output grew 5.8% in 2024. A milder summer, due to an earlier-than-expected monsoon, and slowing economic activity have reduced coal demand, resulting in record domestic stockpiles and lower imports by the world's second-largest consumer of the fossil fuel behind China. Renewable generation will continue to grow, with India expected to add 32 gigawatts (GW) of renewable capacity this year, compared with about 28 GW in 2024, said Vikram V, vice president of corporate ratings at Moody's unit ICRA. India has already added 16.3 GW of wind and solar capacity in the five months through May, government data showed. The South Asian nation has accelerated wind and solar additions after a prolonged slowdown that led to it missing its 2022 target of 175 GW. It now aims for 500 GW of non-fossil fuel capacity - including hydro and nuclear - by 2030, nearly double the current 235.6 GW. "We believe this is achievable, but in our base case, the target may shift to 2032," S&P Global Commodity Insights said in a note, adding that grid modernisation and energy storage investments are critical to support renewable integration.
