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Industry body CII has urged the government to set up a dedicated finance institution and tech expo fund to support initiatives related to promoting the green economy, as there are significant gaps in long-term and low-cost capital availability in the country. As India moves closer to its goal of becoming a USD 5 trillion economy, advancing a green economy is no longer a choice but a strategic necessity, it said. In its pre-Budget suggestions, the chamber has suggested establishing a dedicated Green Finance Institution (GFI) to mobilise large-scale, low-cost capital for India's green transition across renewable energy, clean mobility, green buildings, and industrial decarbonisation. "The institution could be domiciled in the GIFT City (in Gujarat) to leverage regulatory flexibility and attract foreign capital. It could offer concessional loans, equity support, credit guarantees, and securitization of small-scale green assets to reduce project financing costs," it said in a ...
India is likely to miss the target of achieving 5 million metric tonnes (MMT) of annual green hydrogen production capacity by 2030 due to global uncertainties, a senior government official said on Tuesday. Under the National Green Hydrogen Mission launched in 2023, the government has set a target of 5 MMT of annual production capacity of green hydrogen by 2030. "We may slip on the target (of annual production capacity of green hydrogen of 5 MMT by 2030)," Santosh Kumar Sarangi, Secretary, Ministry of New and Renewable Energy, said at the 3rd International Green Hydrogen Conference here. The country is expected to achieve 5 MMT annual green hydrogen production capacity by 2032, he said, flagging global uncertainties. He further said that India may achieve 3 MMT of annual green hydrogen production capacity by 2030. About the yearly requirement of adding 50 GW of renewable energy capacity to achieve the 500 GW target by 2030, Sarangi said India will focus on the 40 GW of capacity alr
NTPC Green Energy on Friday said it will raise Rs 1,500 crore through issuance of unsecured non-convertible debentures on November 11, 2025 on private placement basis. Proceeds shall be utilised for, inter alia, financing capital expenditure, including refinancing and recoupment of capital expenditure already incurred by the company, as well as for extending such financing for capital expenditure to its subsidiaries and joint ventures through inter-corporate loans, and for other general corporate purposes, the company said in a regulatory filing. According to the filing, NTPC Green Energy Ltd has decided to issue unsecured non-convertible debentures of Rs 1,500 crore on November 11, 2025, through private placement at a coupon of 7.01 per cent per annum for a tenor of 10 years 1 day, maturing on November 12, 2035, under the board resolution dated April 29, 2025. This is the first issue of debentures under the mentioned approval. The debentures are proposed to be listed on NSE.
Singapore businesses have said they are keen to join India's development journey, especially in fast-expanding sectors like green energy, and semiconductor, amid threat of disruptions in global supply chain. New challenges in markets are making it necessary to stay ahead of the curve and compete with a mindset to be global players, said Singapore-based executives at the Singapore International Energy Week (SIEW) held during October 27-31 in the Lion City. One such business group looking at potential participation in India's development is SP Group, one of Asia Pacific's leading utilities groups, which has built and is operating the world's largest underground district cooling network. The group is expanding its portfolio of solar, battery energy storage, and EV charging solutions across the region. "There is increased momentum in India's electrification and clean energy transition," said Dean Cher, Managing Director of SP Mobility at SP Group. "We're open to sharing our experience .
India's journey towards net-zero emissions holds the potential of generating millions of job opportunities, but a significant gap in skilled workers may impact progress, according to Hindustan Power chairman Ratul Puri. As the country looks to achieve Net-Zero by 2070, solar power could create 3.26 million jobs by 2050, wind energy could generate 0.18 million jobs by 2030, and bioenergy, alongside green hydrogen, may add 0.27 million and 0.6 million jobs respectively by 2030, Puri said. Electric vehicle industry could provide 10 million direct jobs and 50 million indirect jobs by 2030. This sector is well-positioned to welcome new workers, upskill existing talent, and integrate the current 35 million ICE workforce, Puri noted. Despite encouraging projections, Puri highlighted the importance of preparing for upcoming workforce demands. Studies show that a smaller pool of green talent and fewer established pathways for developing relevant skills present ongoing challenges during this
In a move aimed at increasing its reliance on clean energy, the Delhi Metro Rail Corporation (DMRC) has invited bids for the supply of 500 million units of renewable energy annually to power its operations, officials said on Sunday. According to a statement, the DMRC is seeking to select a 'solar power developer' to set up a grid-connected captive generating plant along with a battery energy storage system (BESS) anywhere in India. The energy produced will be supplied to the DMRC under a 25-year power purchase agreement, with the project expected to be completed within 15 months of award, it said. At present, Delhi Metro meets about 33 per cent of its power demand from renewable sources. It procures around 350 MU annually from the Rewa Solar Park in Madhya Pradesh and generates 40 MU from rooftop solar installations across its stations, depots, and residential complexes, the statement said. During daytime operations, the share of renewable energy reaches nearly 65 per cent, it ...
The adoption of rooftop solar plants in the national capital is picking up gradually under the PM Surya Ghar Muft Bijli Yojna, with over 17,000 plants installed so far in a joint green push by the Delhi government and power discoms, officials said on Friday. Delhi Chief Minister Rekha Gupta, in an open letter to residents of the city, had appealed for the adoption of solar power. Under this scheme, the Delhi government is providing a capital subsidy of Rs 30,000 for solar plants up to 3 KW capacity. The banks offer loans for solar panel installation at the rates of 6.50-7 per cent, she said in the letter. If someone installs a solar rooftop plant up to 3 KW, they will receive a total subsidy of Rs 1.08 lakh, Rs 78,000 from the Centre and Rs 30,000 from the Delhi government. Furthermore, if a consumer's monthly electricity consumption is 500 units, they will enjoy a zero electricity bill after installing the 3 KW rooftop solar plant. Additionally, they will receive a monthly ...
Global energy company ENGIE on Friday said it has secured a 100 MW solar project in Barmer, Rajasthan, from the Solar Energy Corporation of India. Located in one of India's highest solar irradiance zones, the Barmer project is expected to be commissioned in 2027 and is a strategic addition to ENGIE's growing portfolio in Rajasthan, which now approaches 1 GW, a company statement said. According to the statement, ENGIE, a global leader in low-carbon energy and services, proudly announces the signing of a power purchase agreement (PPA) with the Solar Energy Corporation of India (SECI) for a 100 MW Solar Photovoltaic (PV) project in Barmer, Rajasthan. Amit Jain, CEO and Country Manager, India MD Renewables & Batteries India & South-East Asia, said in the statement, Our agreement with SECI marks a pivotal chapter in ENGIE's growing partnership in India and reflects our shared ambition to accelerate the country's clean energy transition. The Barmer project is focused on delivering ..