India's creaking power firms are hampering the country's energy transition ambitions. The electricity distribution industry has long struggled with mismanaged finances and spotty service. Power generation has advanced significantly in recent decades, with the expansion of supply to meet surging demand. The addition of more than 100 GigaWatts of renewable energy capacity in only the previous decade has also helped.

India's creaking power firms hampering energy transition

India is on track to set a new record in renewable energy capacity. India aims to connect 35 GigaWatts of solar and wind power to its grid by March 2025. The world’s third largest solar power producer country is ramping up its efforts to meet ambitious renewable energy targets.

India to add 35 GW solar and wind power by March 2025

The Grain De Sail is a modern cargo sailboat that runs on wind power. Its makers want to lead the way in green maritime shipping.

Grain De Sail: Modern cargo sailboat shows way to green shipping

According to a new analysis, wind and solar generated a 10% of global electricity for the first time in 2021. This could pave a way for a less warm and a green world.

Wind & Solar: Future of global electricity

<p><br />
The UK Department of Business, Energy, and Industrial Strategy has released figures while auctioning for offshore winds.&nbsp;</p>

<p>Two firms were willing to build offshore wind farms for a subsidy of 57.50 pounds per megawatt hour compared to the new nuclear plant that will be set up for 92.50 pounds per megawatt hour in 2022-23.&nbsp;The auction is&nbsp;awarded&nbsp;to the&nbsp;lowest bidder.&nbsp;</p>

<p>The figures are considered a milestone in the advancement of renewable energy.&nbsp;</p>

<p>A <em>BBC </em>report quoted Emma Pinchbeck, from the wind energy trade body Renewable UK showing her surprised reaction over the figures.&nbsp;</p>

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<blockquote class="twitter-tweet" data-lang="en">
<p dir="ltr" lang="en">Offshore Wind just delivered the closest thing to an energy sector mic drop: offshore, onshore wind and solar are cheaper than gas &amp; nukes</p>
&mdash; Emma Pinchbeck (@ELPinchbeck) <a href="https://twitter.com/ELPinchbeck/status/907126683425263616">September 11, 2017</a></blockquote>
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<p>&quot;We still think nuclear can be part of the mix - but our industry has shown how to drive costs down, and now they need to do the same,&quot; she added.&nbsp;</p>

<p>The price of energy from offshore entity has reduced to half in the past five years.&nbsp;</p>

<p>According to Energy analysts, the UK government policy is responsible for lowering of this price. The policy has provided special incentives to upcoming industry and then pushing them to bid in an auction for their subsidies.&nbsp;</p>

<p>Though the massive reduction in the cost of the offshore wind is considered a huge boost to the renewable industry, the nuclear industry said that nuclear energy will still be needed.</p>

<p>It stated that wind power is irregular and therefore nuclear energy will be required.&nbsp;</p>

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Two firms were willing to build offshore wind farms for a subsidy of 57.50 pounds per megawatt hour compared to the new nuclear plant that will be set up for 92.50 pounds per megawatt hour in 2022-23

The UK Department of Business, Energy, and Industrial Strategy has released figures while auctioning for offshore winds. Two firms were willing to build offshore wind farms for a subsidy of 57.50 pounds per megawatt hour compared to the new nuclear plant that will be set up for 92.50 pounds per megawatt hour in 2022-23. The auction is awarded to the lowest bidder. The figures are considered a milestone in the advancement of renewable energy. A BBC report quoted Emma Pinchbeck, from the wind energy trade body Renewable UK showing her surprised reaction over the figures. Offshore Wind just delivered the closest thing to an energy sector mic drop: offshore, onshore wind and solar are cheaper than gas & nukes — Emma Pinchbeck (@ELPinchbeck) September 11, 2017 × "We still think nuclear can be part of the mix - but our industry has shown how to drive costs down, and now they need to do the same," she added. The price of energy from offshore entity has reduced to half in the past five years. According to Energy analysts, the UK government policy is responsible for lowering of this price. The policy has provided special incentives to upcoming industry and then pushing them to bid in an auction for their subsidies. Though the massive reduction in the cost of the offshore wind is considered a huge boost to the renewable industry, the nuclear industry said that nuclear energy will still be needed. It stated that wind power is irregular and therefore nuclear energy will be required.

Offshore wind energy cheaper than nuclear power: UK report

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