Renewable energy sector in India sees major growth potential: SEforALL

04 Nov 2024 CW Team

According to an international sustainable development agency based in Vienna, there is significant growth potential for the renewable energy sector in India due to the country's increasing energy demand and rapid industrialisation, which requires all available energy resources, including solar and wind. Kanika Chawla, Director and Chief of Staff at 'Sustainable Energy For All' (SEforALL), stated that the Indian government has demonstrated a strong and ongoing commitment to renewable energy.

In an interview with PTI during the Singapore International Energy Week held from October 21-25, Chawla noted that more manufacturing of renewable energy solutions is taking place within India, which enhances energy security and reduces dependence on imports.

She explained that India is implementing policies such as performance-linked incentives to boost manufacturing, which she praised as commendable and beneficial for the economic prosperity of the people through energy access. Chawla also recognized that clean energy solutions are highly job-intensive, with each kilowatt-hour of renewable energy generating three times as many jobs compared to thermal energy.

Chawla mentioned that India is exploring geothermal energy options in regions like Himachal Pradesh, Kashmir, and Ladakh, and highlighted that offshore wind energy exploration is currently underway, with significant potential in states like Gujarat and Tamil Nadu.

She pointed out that India is a price-sensitive market, emphasizing the need to reduce the cost of renewable energy units. She noted that solar prices have dropped significantly over the past decade, making solar energy the most affordable renewable energy source globally. Given the country's strong demand for electricity, she underscored the importance of incorporating wind energy into the national energy mix.

Real Estate

07 Aug 2026

BXB Estates Sets AED 110 Million Jumeirah Golf Estates Record

BXB Estates has completed an AED 110 million residential transaction at Jumeirah Golf Estates, setting a new sales record for the prestigious Dubai residential community.Negotiated by Alfie Tabrez, Managing Partner of BXB Estates, the deal surpassed the previous record of AED 58 million for a completed ready villa in the development.The six-bedroom residence offers 21,714 sq ft of built-up space on a 15,873-sq-ft plot. It features nine bathrooms, four living lounges, a home office, bar lounge, private cinema and rooftop terrace.The property also includes a dedicated wellness area comprising a ..

SECR Floats Rs 6,019 Mn EPC Tender For Paradol Nagpur Link

South East Central Railway (SECR) has invited bids for an Engineering, Procurement and Construction (EPC) contract to build a new broad gauge single line between Paradol Takeoff Point and Nagpur Road Station in Chhattisgarh. The contract carries an estimated cost of Rs 6,019.0 mn and requires an earnest money deposit of Rs 120.4 mn. The work is framed as an EPC assignment intended to strengthen regional rail infrastructure. The tender, issued under number CAO-C-BSP-26-27-15, specifies a completion period of 730 days and a bid validity of 180 days. Two pre-bid meetings are scheduled for 24 Augu..

Indian Railways Reports Nine Per Cent Rise In July Freight Loading

Indian Railways handled 141.3 million tonnes (141.3 mn t) of freight in July, marking a rise of nine per cent year on year. Freight loading maintained a positive trajectory across the network compared with the same month last year. Passenger traffic also increased in July, contributing to higher overall network utilisation. The July outcome continued a pattern of steady monthly gains, reflecting gradual improvement in industrial and logistics activity. The growth in freight volumes reflected stronger demand across multiple sectors and improvements in logistics and train turnarounds. Enhanced r..