India has emerged as a renewable energy star after boosting solar capacity by a whopping 28% in 2022, rivalling China's growth rate and outpacing European heavyweights which deployed record funding on energy transition efforts last year.
India installed 13.9 gigawatts of new solar capacity in 2022, according to think tank Ember, dwarfing the 7.9 GW capacity growth in Europe's top solar producer, Germany, and establishing India as a top-tier green energy leader.
But even with such rip-roaring green energy momentum, India's utilities still struggled to keep up with the country's voracious energy demand growth, and had to crank coal use to record highs alongside the breakneck growth in renewables.
However a combination of delays in developing gas pipeline networks and regasification terminals for liquefied natural gas imports started to reduce gas availability within India in recent years, forcing utilities to burn growing volumes of coal to meet rising energy demand needs. As global coal prices also scaled a record in 2022, the cost of those imports pushed to new highs too, draining the already-tight budgets of utilities and local governments and reducing the pool of funds available for energy system upgrades.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
The Best Things to Do, March 22–28This week you'll have the chance to take a run on the world's biggest bounce house, meet Daniel Tiger and his friends and watch a horror classic in the scariest possible setting.
Read more »
Softball: Johnson's rally past Madison forces three-way tie for first in 28-6AAfter falling behind 3-0, Johnson notched big innings in the fifth and seventh frames to move past Madison in a softball showdown.
Read more »
28 of the Very Best Drinking GlassesDozens of interior designers and service-industry professionals weigh in on their favorite glasses for water, juice, iced tea, or something stronger.
Read more »
28 Things About European Culture That Are Actually 'Really Weird', According To Americans'Honestly, I'm all for it — but it's still mind-boggling to me.'
Read more »
Mae Martin Comes Home to Canada in SAPTheir hour-long comedy special hits Netflix on March 28.
Read more »
How to watch the 5-planet alignment: Jupiter, Mercury, Venus, Uranus and MarsA five-planet alignment of Mercury, Jupiter, Venus, Uranus and Mars will be visible in the night sky next week.
Read more »