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Why Indonesia is popping the champagne on less headwinds for renewables
POWER UTILITY
ReNew Power targets buying 5 renewable power companies The companies have a combined capacity of around 680MW. ReNew Power, the largest independent power producer, is set to acquire five companies in the renewable power space — solar and wind — that have a combined capacity of about 680 MW for about Rs 6,000 crore, said two people familiar with the development.
POWER UTILITY
Thailand’s BCPG eyes US$300m expansion to hit over 700MW capacity CEO Bundit Sapianchai revealed that the company targets to expand its generating capacity above 700MW. It expects to reach this figure by end-2018 as it new wind, solar, and geothermal projects will be coming online in Thailand and Japan.
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REGULATION
India unveils wind-solar hybrid policy India’s Ministry of New & Renewable Energy has released its National Wind-Solar Hybrid Policy that seeks to encourage hybridisation of projects. The first draft was issued in June 2016 and after consultation with stakeholders, the policy was made public. The policy stipulates that for a project to be classified as hybrid, the rated power capacity of one source must be at least 25% of the other.
POWER UTILITY
Falling costs push solar’s lead in India’s electricity transition India installed a record 10GW of solar electricity capacity in fiscal year 20172018, twice the rate logged in the previous year, and nearly double the country’s entire solar base. The gains put India at 22GW of total cumulative capacity, and the trend is continuing.
POWER UTILITY
Tata Power eyes $5b investment in renewables It is targeting to inject as much as $5b to push its renewable energy capacity four-fold to 12,000MW by 2028. According to CEO Praveer Sinha, this would entail an investment of as much as $594,000 per MW. He added that the bulk of their targeted increase will come from solar: both utility-level large-scale projects and residential and commercial rooftops.
POWER UTILITY
Australia’s power capacity predicted to hit 88.5GW by 2027 Power capacity in Australia will register stable growth throughout the 10-year forecast period, reaching 88.5GW by 2027, driven primarily by the country’s renewables expansion. The relatively subdued growth is due to the mature nature of the industry.