EconomyLens.com
No Result
View All Result
Wednesday, July 9, 2025
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
EconomyLens.com
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
No Result
View All Result
EconomyLens.com
No Result
View All Result
Home Other

Glittering dreams: India’s big push for solar power

Natalie Fisher by Natalie Fisher
December 2, 2024
in Other
Reading Time: 9 mins read
A A
0
111
SHARES
1.4k
VIEWS
Share on FacebookShare on Twitter

India is building what it boasts will be the world's largest renewable power plant. ©AFP

Khavda (India) (AFP) – Vast lines of solar panels reflect the blazing sun in India’s western deserts, a dazzling ocean broken only by bristling wind turbines. India, along its desolate border with Pakistan, is building what it boasts will be the world’s largest renewable power plant, an emblem of a determined push to boost solar energy. The Khavda plant in Gujarat state consists of some 60 million solar panels and 770 wind turbines spread over 538 square kilometres (208 square miles) — almost the size of the sprawling megacity Mumbai.

Related

Japan’s sticky problem with Trump, tariffs and rice

Trump hits Brazil with 50% tariff, sets date for copper levy

Global stocks mostly up despite new Trump tariffs, Nasdaq at record

AI giant Nvidia becomes first company to reach $4 tn in value

Trump broadens push for tariff deals, unveils 50% Brazil levy

In front of a wall of screens, a handful of operators monitor the machines under the slogan: “Adani Group: Growth with Goodness.” “Today, we can produce up to 11 gigawatts of electricity,” said Maninder Singh Pental, vice-president of Adani Green Energy, the subsidiary of Indian conglomerate Adani Group, and in which France’s TotalEnergies holds a 20 percent stake. “In 2029, we will be able to produce up to 30 GW,” he added proudly. At that point, India will break another record, with Khavda overtaking China’s 18 GW Three Gorges hydroelectric dam to become the most powerful electricity production site in the world.

The power is sorely needed in the world’s most populous nation, where demand has doubled since 2000, driven by demographic expansion, economic growth, and rapid urbanization. India vows to be carbon neutral by 2070 and as part of that, New Delhi wants its renewable energy capacity to rise from 200 GW — half of its current energy mix — to 500 GW by 2030. It hopes 300 GW will come from solar power alone. The International Energy Agency, in a report this year, said India is “expected to almost triple its 2022 renewable capacity by 2030,” maintaining its third place position among the largest renewable energy producers.

As Prime Minister Narendra Modi speaks of a “solar revolution,” panels are popping up across India, from power plants to rooftops. But Adani Green Energy CEO Sagar Adani said what matters is the scale of production as it is easier and quicker to ramp up the country’s baseload with bigger units than smaller ones. “The country needs a large amount of large concentrated big locations,” he said. “You can have 200 projects of 50 megawatts each, nothing is going to happen to India with that.” Adani has vowed to commit $35 billion to renewables by 2030. However, a bombshell US indictment last week has caused complications, with TotalEnergies freezing all new investments in the conglomerate after tycoon founder Gautam Adani and multiple subordinates were accused of fraud — charges fiercely denied.

But observers suggest the solar power push will continue. “It will not impact honest players,” a market analyst said, but warned it will “affect Adani’s ability to raise funds.” Billionaire Mukesh Ambani’s Reliance group has also promised to invest $10 billion in green energy, including a 10GW solar farm in Andhra Pradesh state. Critically, the cost of solar energy has dropped to become competitive with coal-fired plants, which produce 70 percent of India’s electricity. “It’s a good thing,” said Ajay Mathur, director of the International Solar Alliance (ISA). He noted that while “the initial investment is double,” power prices per kilowatt hour for solar are now the same or less than from coal plants.

Tejpreet Chopra, from major renewable energy generation giant Bharat Light and Power, said it was “super exciting” to be part of the transition, while accepting there were major hurdles. “When the cost of energy has come down, the financial return is more and more difficult,” he said. “How do you attract capital, investments and technology?”

Government financial incentives are encouraging people to make the switch — including a factory in the suburbs of New Delhi. Jubilant Food Works factory employs 500 employees, producing pizzas and pastries for US brands. On its 4,400-square-metre roof, nearly 800 solar panels provide 14 percent of its electricity far cheaper than the grid. Praveen Kumay from SunSource Energy said his teams installed and maintain the infrastructure. “For each unit…we are billing them 4.3 rupees, whereas the grid cost is seven rupees,” Kumay said. Factory manager Anil Chandel said it was a “good deal” they aimed to expand to supply 50 percent of power needs. “We don’t have any headache of maintaining it,” he said.

The government has also promised to support panels for 10 million homes. But power demands are rising fast and expected to surge a further 50 percent by 2030. The existing carbon-hungry system will remain key. “We need power, and for India, it means coal,” said Tejpreet Chopra. “That’s the reality of the grid.” Chetan Solanki, of the Energy Swaraj Foundation — meaning “self-restraint” — said solar panels come with their own cost of production, in terms of power and chemicals. “Solar energy is better than coal, but you can’t use it blindly,” he said, adding that people must also rein in power demand. “We also have to minimise energy consumption.”

© 2024 AFP

Tags: Indiarenewable energysolar energy
Share44Tweet28Share8Pin10Send
Previous Post

US wine merchants urge exclusions from blanket tariffs

Next Post

The farm fires helping to fuel India’s deadly air

Natalie Fisher

Natalie Fisher

Related Posts

Other

Yemen’s Huthis claim deadly Red Sea attack on merchant ship

July 9, 2025
Other

Copper’s strategic role threatened by Trump tariffs

July 9, 2025
Other

Trump issues more letters to countries in push for tariff deals

July 9, 2025
Other

Six rescued from cargo ship attacked in Red Sea: EU naval force

July 9, 2025
Other

Commerzbank commits to strategy as UniCredit ups direct stake

July 9, 2025
Other

Can Kenya attract the outsourcing jobs of the AI future?

July 9, 2025
Next Post

The farm fires helping to fuel India's deadly air

VW's German workers to strike from Monday

Auto giant Stellantis announces 'immediate' resignation of CEO Tavares

Stellantis CEO Tavares pushed out as profit slumps

0 0 votes
Article Rating
Subscribe
Notify of
guest
guest
0 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
  • Trending
  • Comments
  • Latest

New York ruling deals Trump business a major blow

September 30, 2024

Elon Musk’s X fights Australian watchdog over church stabbing posts

April 21, 2024

Women journalists bear the brunt of cyberbullying

April 22, 2024

France probes TotalEnergies over 2021 Mozambique attack

May 6, 2024

Ghanaian finance ministry warns against fallout from anti-LGBTQ law

74

New York ruling deals Trump business a major blow

72

Shady bleaching jabs fuel health fears, scams in W. Africa

71

Stock markets waver, oil prices edge up

65

Japan’s sticky problem with Trump, tariffs and rice

July 9, 2025

Stocks mostly rise on trade deal optimism

July 9, 2025

Trump hits Brazil with 50% tariff, sets date for copper levy

July 9, 2025

Global stocks mostly up despite new Trump tariffs, Nasdaq at record

July 9, 2025
EconomyLens Logo

We bring the world economy to you. Get the latest news and insights on the global economy, from trade and finance to technology and innovation.

Pages

  • Home
  • About Us
  • Privacy Policy
  • Contact Us

Categories

  • Business
  • Economy
  • Markets
  • Tech
  • Editorials

Network

  • Coolinarco.com
  • CasualSelf.com
  • Fit.CasualSelf.com
  • Sport.CasualSelf.com
  • SportBeep.com
  • MachinaSphere.com
  • MagnifyPost.com
  • TodayAiNews.com
  • VideosArena.com
© 2025 EconomyLens.com - Top economic news from around the world.
No Result
View All Result
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials

© 2024 EconomyLens.com - Top economic news from around the world.