Coronavirus company news summary – India and Denmark to share power knowledge – IEA warns of technologies going “off track”

8 June 2020 (Last Updated June 8th, 2020 09:21)

8 June 

The governments of India and Denmark have signed a memorandum of understanding (MoU) on green energy transition to kick-start their economies following the Covid-19 pandemic. The agreement is aimed at preparing the Indian energy system for the integration of 450GW renewable energy by 2030. The countries will exchange knowledge in areas such as energy planning and scenario modelling, integration of high share of renewable energy, power system flexibility and electricity markets.

The International Energy Agency has said progress on clean energy technologies is facing pressure from the worldwide response to coronavirus. According to its the latest Tracking Clean Energy Progress report, only six out of 46 technologies and sectors were “on track” with the IEA’s Sustainable Development Scenario.  Another 24 technologies showed some progress while 16 technologies were “off track”.

The Uttar Pradesh government in India is considering whether to privatise power distribution company Purvanchal Vidyut Vitran Nigam (PuVVNL) to cut losses and improve supply infrastructure. PuVVNL, one of the five power distribution companies of the state, controls and manages electricity supply in eastern part of the state which covers two cities major cities including Varanasi and Gorakhpur.