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Saturday, 16 October 21
SOLAR INSTALLATION SURGE PUTS INDIA ON TRACK TO CAP COAL-FIRED POWER AS EARLY AS 2024 - IEEFA
 Recent increase in solar power installations could push coal to peak sooner than expected
If India keeps installing solar capacity at the rate it’s achieved for the last three months, coal-fired power could peak in the 2023-24 financial year, and increased solar generation alone could meet the country’s growing electricity requirements in subsequent years.
India’s electricity demand has surged and slumped in recent months as the economy revives in fits and starts, but the fact is that coal-fired power is increasingly sensitive to the performance of renewable energy.
Coal has effectively become India’s swing producer of electricity, rising to new peaks in periods when demand is high and renewable power low, but slumping deeply when demand falls and renewable energy’s contribution rises.
In recent months thermal generation has swung between a daily low of just over 2.0 terawatt hours (TWh) on August 1 (when renewable energy and hydroelectricity provided 38% of India’s electricity), to as high as 3.2 TWh just over two weeks later when renewable energy and hydro made a smaller though still impressive 25% contribution to the grid.
But while the variable nature of renewable energy is well known and the financial fortunes of coal-fired power are increasingly tied to its generation level, it is a recent change in a different number that may prove decisive in determining how soon coal’s contribution to India’s electricity reaches its peak. That number is the rate at which the country is installing new solar capacity.
Calendar year 2020’s pandemic conditions saw new solar installations fall to an average of just 411 megawatts (MW) per month, compared to 665MW per month as the average since January 2017. But since May this year there has been a very strong rebound. A total of 1,248MW of solar capacity was added in June, followed by an additional 1,605MW in July, rising again to 1,672MW in August.
This average of 1,508MW per month for the last quarter does more than simply double the long-term installation rate – it shows just how close India could be to capping thermal generation. If this installation rate continued, solar capacity would reach 109 gigawatts (GW) by March 2024, generating some 87 TWh of additional power annually, enough to meet all of India’s electricity generation increase, based on the latter’s 5.7% annual growth rate over the decade to 2019.
Some other adjustments would be needed if coal-fired power were to peak and subsequently decline. Daily peak demand has been rising faster than daily energy, meaning that thermal plants would increasingly have to be deployed to meet the daily peak, as would hydroelectric generators, without increasing their overall output. Additional pumped storage and India’s first set of grid-scale batteries would also support the peak, along with the development of a time-of-day pricing structure to incentivise demand response management by industry and consumers.
Whether the actual installation rate matches, falls short of, or exceeds this rate will come down to the determination of the Indian government. The current rate would comfortably meet the 60GW ground-mounted component of the 2022 125GW renewable target, but not quite match the average rate needed to hit the 280GW solar component of the 450GW 2030 goal.
What the last few months clearly demonstrate, however, is India’s ability to now accelerate the installation of grid-scale solar fast enough to cap coal-fired power before the middle of the decade and potentially to see a gradual coal generation decline from that point on.
The recent lift in rooftop solar installs, along with increased development of wind and rounding out those nearly completed hydro power projects to which India is committed could make our timeline here conservative indeed!
By Tim Buckley, Director Energy Finance Studies South Asia at IEEFA
and Dr Charles Worringham, researcher and contributor at IEEFA
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Monday, 27 September 21
CHINESE COAL FIRMS MEET TO ADDRESS WINTER SUPPLY CHALLENGES - CNBC
Major Chinese coal producers are trying to resolve supply shortages and curb price rises as the country’s winter consumption peak approaches, ...
Saturday, 25 September 21
HIGH STAKES FOR ASIAN DEVELOPMENT BANK’S AMBITIOUS COAL POWER RETIREMENT PLAN - IEEFA
Implementation challenges could block funding for other equally important high impact clean energy funding strategies
In the lead up ...
Thursday, 23 September 21
LONGER COAL CONTRACTS MAY REIN IN PRICES - ECNS
In China’s coal sector that has been marred recently by price surges, regional authorities and related enterprises should ensure the fuel con ...
Thursday, 23 September 21
BALTIC INDEX HITS 12-YEAR PEAK ON FIRMER VESSELS RATES - REUTERS
The Baltic Exchange’s main dry bulk sea freight index rose for a fourth straight session on Wednesday to a 12-year high, buoyed by higher rat ...
Thursday, 23 September 21
RECORD-HIGH GAS PRICES AFFECT MANY EUROPEAN CORPORATE SECTORS - FITCH RATINGS
Record-high natural gas prices are putting pressure on supply chains of many European corporate sectors, including non-integrated energy suppliers, ...
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- Antam Resourcindo - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Ministry of Finance - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Eastern Energy - Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Pendopo Energi Batubara - Indonesia
- Mercuria Energy - Indonesia
- Singapore Mercantile Exchange
- Lanco Infratech Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Vedanta Resources Plc - India
- Economic Council, Georgia
- Mintek Dendrill Indonesia
- Ambuja Cements Ltd - India
- Ceylon Electricity Board - Sri Lanka
- TeaM Sual Corporation - Philippines
- Karbindo Abesyapradhi - Indoneisa
- Kideco Jaya Agung - Indonesia
- Manunggal Multi Energi - Indonesia
- Merrill Lynch Commodities Europe
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Energy Link Ltd, New Zealand
- CNBM International Corporation - China
- New Zealand Coal & Carbon
- Siam City Cement PLC, Thailand
- Ind-Barath Power Infra Limited - India
- Kepco SPC Power Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Tamil Nadu electricity Board
- International Coal Ventures Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Bulk Trading Sa - Switzerland
- Leighton Contractors Pty Ltd - Australia
- Therma Luzon, Inc, Philippines
- Grasim Industreis Ltd - India
- Price Waterhouse Coopers - Russia
- European Bulk Services B.V. - Netherlands
- Sindya Power Generating Company Private Ltd
- Coastal Gujarat Power Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- GMR Energy Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sical Logistics Limited - India
- Global Green Power PLC Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- ASAPP Information Group - India
- Globalindo Alam Lestari - Indonesia
- Gujarat Sidhee Cement - India
- Commonwealth Bank - Australia
- Energy Development Corp, Philippines
- AsiaOL BioFuels Corp., Philippines
- Goldman Sachs - Singapore
- The Treasury - Australian Government
- Malabar Cements Ltd - India
- Latin American Coal - Colombia
- Renaissance Capital - South Africa
- Medco Energi Mining Internasional
- Attock Cement Pakistan Limited
- Sarangani Energy Corporation, Philippines
- White Energy Company Limited
- Indogreen Group - Indonesia
- Uttam Galva Steels Limited - India
- Videocon Industries ltd - India
- Binh Thuan Hamico - Vietnam
- Baramulti Group, Indonesia
- Star Paper Mills Limited - India
- Bhatia International Limited - India
- Bhushan Steel Limited - India
- Bangladesh Power Developement Board
- The State Trading Corporation of India Ltd
- Pipit Mutiara Jaya. PT, Indonesia
- Kartika Selabumi Mining - Indonesia
- Mercator Lines Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Parliament of New Zealand
- Independent Power Producers Association of India
- Eastern Coal Council - USA
- Miang Besar Coal Terminal - Indonesia
- IEA Clean Coal Centre - UK
- Sinarmas Energy and Mining - Indonesia
- Coal and Oil Company - UAE
- India Bulls Power Limited - India
- Coalindo Energy - Indonesia
- Aboitiz Power Corporation - Philippines
- South Luzon Thermal Energy Corporation
- Oldendorff Carriers - Singapore
- Central Electricity Authority - India
- Ministry of Mines - Canada
- Kalimantan Lumbung Energi - Indonesia
- Heidelberg Cement - Germany
- Alfred C Toepfer International GmbH - Germany
- GN Power Mariveles Coal Plant, Philippines
- Bayan Resources Tbk. - Indonesia
- Interocean Group of Companies - India
- Siam City Cement - Thailand
- Kapuas Tunggal Persada - Indonesia
- Vizag Seaport Private Limited - India
- Riau Bara Harum - Indonesia
- CIMB Investment Bank - Malaysia
- Bhoruka Overseas - Indonesia
- VISA Power Limited - India
- Intertek Mineral Services - Indonesia
- ICICI Bank Limited - India
- Central Java Power - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Marubeni Corporation - India
- London Commodity Brokers - England
- Planning Commission, India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Rio Tinto Coal - Australia
- Chamber of Mines of South Africa
- Jindal Steel & Power Ltd - India
- Salva Resources Pvt Ltd - India
- Ministry of Transport, Egypt
- Orica Mining Services - Indonesia
- Electricity Generating Authority of Thailand
- Kaltim Prima Coal - Indonesia
- Global Coal Blending Company Limited - Australia
- OPG Power Generation Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Bahari Cakrawala Sebuku - Indonesia
- Madhucon Powers Ltd - India
- Krishnapatnam Port Company Ltd. - India
- McConnell Dowell - Australia
- Larsen & Toubro Limited - India
- Deloitte Consulting - India
- Kobexindo Tractors - Indoneisa
- Jaiprakash Power Ventures ltd
- Electricity Authority, New Zealand
- Gujarat Electricity Regulatory Commission - India
- Billiton Holdings Pty Ltd - Australia
- Formosa Plastics Group - Taiwan
- Asmin Koalindo Tuhup - Indonesia
- Thiess Contractors Indonesia
- MS Steel International - UAE
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indian Oil Corporation Limited
- PTC India Limited - India
- Romanian Commodities Exchange
- Straits Asia Resources Limited - Singapore
- Essar Steel Hazira Ltd - India
- Parry Sugars Refinery, India
- Dalmia Cement Bharat India
- Minerals Council of Australia
- Chettinad Cement Corporation Ltd - India
- Australian Coal Association
- Australian Commodity Traders Exchange
- Karaikal Port Pvt Ltd - India
- Agrawal Coal Company - India
- Thai Mozambique Logistica
- SMC Global Power, Philippines
- GVK Power & Infra Limited - India
- Standard Chartered Bank - UAE
- Makarim & Taira - Indonesia
- Simpson Spence & Young - Indonesia
- Sojitz Corporation - Japan
- Sakthi Sugars Limited - India
- Semirara Mining and Power Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Trasteel International SA, Italy
- Borneo Indobara - Indonesia
- Cement Manufacturers Association - India
- Bharathi Cement Corporation - India
- Directorate General of MIneral and Coal - Indonesia
- Kumho Petrochemical, South Korea
- Port Waratah Coal Services - Australia
- Banpu Public Company Limited - Thailand
- Indo Tambangraya Megah - Indonesia
- IHS Mccloskey Coal Group - USA
- Maheswari Brothers Coal Limited - India
- PetroVietnam Power Coal Import and Supply Company
- LBH Netherlands Bv - Netherlands
- Petron Corporation, Philippines
- Aditya Birla Group - India
- Wood Mackenzie - Singapore
- PowerSource Philippines DevCo
- SN Aboitiz Power Inc, Philippines
- Africa Commodities Group - South Africa
- Bukit Makmur.PT - Indonesia
- Global Business Power Corporation, Philippines
- Meralco Power Generation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Altura Mining Limited, Indonesia
- San Jose City I Power Corp, Philippines
- Georgia Ports Authority, United States
- Indonesian Coal Mining Association
- Tata Chemicals Ltd - India
- Directorate Of Revenue Intelligence - India
- Power Finance Corporation Ltd., India
- Kohat Cement Company Ltd. - Pakistan
- Sree Jayajothi Cements Limited - India
- Rashtriya Ispat Nigam Limited - India
- Savvy Resources Ltd - HongKong
- Anglo American - United Kingdom
- PNOC Exploration Corporation - Philippines
- Xindia Steels Limited - India
- Cigading International Bulk Terminal - Indonesia
- Metalloyd Limited - United Kingdom
- The University of Queensland
- Carbofer General Trading SA - India
- Toyota Tsusho Corporation, Japan
- Posco Energy - South Korea
- Edison Trading Spa - Italy
- Bukit Baiduri Energy - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Vijayanagar Sugar Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Indian Energy Exchange, India
- Iligan Light & Power Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Indika Energy - Indonesia
- Semirara Mining Corp, Philippines
- SMG Consultants - Indonesia
- Mjunction Services Limited - India
- Samtan Co., Ltd - South Korea
- Wilmar Investment Holdings
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