Industry
Central government weighs bailing out clean energy firmsedit
A spokesperson for the ministry of new and renewable energy confirmed the development, saying, This is one of the options being considered. The mounting outstanding dues to the generators had the potential to dent India’s image as a clean energy champion and comes when new solar tenders of around 15,000 megawatts are in the pipeline.
India needs tariff reforms to boost consumption of renewablesedit
Concerted government action is required to grow penetration of renewable power for these consumers. There are two broad areas of action required. First, we need tariff reform to reduce financial dependence of discoms on C&I consumers. Second, new procurement models need to be enabled, said Bridge to India MD Vinay Rustagi at a CII event here.
MG Motor aims to shake up EV space with new offeringedit
China’s MG Motor, which entered India only in June this year, plans to launch an electric vehicle as its second offering to take on more established rivals, said Rajeev Chaba, president and managing director of MG Motor India on Thursday. The company will bring in a long-range electric sport utility vehicle (SUV) named ZS next month to compete with Kona from Hyundai Motors India Ltd, which was the first to enter the segment earlier this year.
Hyundai considers fuel cell cars for Indiaedit
Hyundai Motor India is kicking off feasibility studies to bring fuel cell electric vehicles to the Indian market. While the company is reluctant to put a timeline to it, if the studies are positive, HMI may introduce its global fuel cell vehicle Nexo into the Indian market, company sources said.
International
Tipping point for electric cars still four years away: reportedit
A report released at an industry gathering in Shanghai on Tuesday shows significant cost reductions for batteries used in electric vehicles, but cost parity with internal combustion engines is still years away. According to BloombergNEF, lithium-ion battery prices were priced above $1,100 per kilowatt-hour in 2010, but have now fallen to just $156/kWh.
Electric car demand surges 200% as overall car sector dented by Brexit uncertaintyedit
Demand for fully electric battery cars surged by almost 230% in November, even as the overall UK car market continued to be dragged down by uncertainty related to Brexit and the looming general election. The UK new car market fell by 1.3% in November, with 156,621 models registered, according to figures released on Thursday by the Society of Motor Manufacturers and Traders (SMMT).
China solar exports hit 58 GW in first three quarters of 2019, foreign earnings for firms set to rise 25%edit
China has been trying to achieve what is known as grid price parity, in which renewable energy suppliers are capable of competing subsidy free with coalfired power generators. New capacity additions in China came in at 15.99 GW in the first three quarters of 2019, Wang said. New installations for the year were expected to reach around 2530 GW this year, down from a record 53 GW in 2017 and 44 GW in 2018.