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India's Renewable Energy
Andhra Pradesh IT Minister Nara Lokesh on Thursday said decarbonisation solutions company ReNew will invest Rs 82,000 crore spanning the entire spectrum of renewable energy value chain. The IT Minister noted that ReNew will invest in high technology areas such as solar ingot and water manufacturing, including project development, green hydrogen and molecules. "In an investment spanning Rs 82,000 crores, Renew will be investing in the high technology areas of solar ingot, wafer manufacturing, down to project development and onwards to green hydrogen and molecules," said Lokesh in a post on 'X'. "After five years out of Andhra Pradesh, it is my proud privilege to announce that Renew is placing an all-in investment on the entire renewable energy value chain," he said. On May 16, Lokesh laid the foundation for a Rs 22,000 crore ReNew renewable energy project in Anantapur district. It encompassed a 4.8 GWp hybrid farm with BESS (battery energy storage system) at Bethapalli village in Go
Despite holding immense renewables potential', clean energy accounts for only 6 per cent of total primary energy supply in the countries of the Hindu Kush Himalayas, with hydropower being hugely underexploited', a report said. A new assessment report was released on Friday by the International Centre for Integrated Mountain Development (ICIMOD), an eight-nation regional body, during the Asia-Pacific Clean Energy Week in Bangkok. The report said that out of 882 Gigawatts total hydropower potential identified in Afghanistan, Bhutan, Bangladesh, China, India, Myanmar, Nepal, Pakistan, the vast majority of that potential (635 Gigawatts) is from the waters of the transboundary rivers of the Hindu Kush Himalaya region. Just 49 per cent of this potential is currently tapped, the report added. Non-hydro clean energy potential (solar and wind) in the Hindu Kush Himalaya region, meanwhile, stands at 3 Terawatts, it said. While the total combined renewable energy targets of the countries of
The Indian Renewable Energy Development Agency (IREDA) logged 29 per cent growth in loan sanctions to Rs 11,740 crore in June quarter as compared to Rs 9,136 crore a year ago. The state-owned agency started the financial year on a high note, registering a rise in its key financial indicators in June quarter, based on provisional data, a statement said. Loan disbursements rose 31 per cent to Rs 6,981 crore from Rs 5,326 crore in Q1 FY25. The company's outstanding loan book was at Rs 79,960 crore as on June 30, 2025, reflecting 27 per cent increase over Rs 63,207 crore in the year-ago period. Our first quarter growth underscores IREDA's crucial role in powering India's renewable energy ecosystem. The numbers reflect both increasing demand and our readiness to respond with effective financing solutions, CMD Pradip Kumar Das said.
Tata Power Renewable Energy Ltd (TPREL) has signed a power purchase agreement (PPA) with NTPC Ltd to develop a 200 MW clean power project. "With this project, its total renewable utility capacity has reached 10.9 GW," TPREL, a Tata Power subsidiary, said in a statement on Monday. The Firm and Dispatchable Renewable Energy (FDRE) project, spread across multiple locations in India, is set to be completed within 24 months and is expected to generate approximately 1,300 million units (MUs) of electricity annually, TPREL said. The project will mitigate over 1 million tonnes of carbon dioxide emissions per year. The project was won by TPREL based on competitive bidding and would consist of solar, wind and BESS (battery energy storage system) technologies. A key feature of this initiative is the commitment to a 4-hour peak power supply, ensuring at least 90 per cent availability during peak demand hours to support the growing energy needs of distribution companies. This collaboration ...
INOXGFL Group on Tuesday said the Odisha government has allocated Inox Solar a land parcel to set up a cell module manufacturing plant in the state. The proposed 4.8-gigawatt (GW) solar cell and 4.8 GW solar module manufacturing plant will support India's renewable energy goals and bolster Odisha's industrial growth, INOXGFL Group said in a statement. Inox Solar, a subsidiary of Inox Clean, today announced the land allocation for a solar cell and solar module manufacturing plant in Dhenkanal, by the Odisha government, it said. Inox Clean is part of the INOXGFL Group. Earlier this year, INOXGFL Group had announced a Rs 4,000-crore investment through Inox Solar to establish a state-of-the-art solar cell and solar module manufacturing unit in Odisha. The High-Level Clearance Authority (HLCA)-approved project is expected to generate over 3,400 jobs, thereby driving investment, creating employment opportunities, and supporting Odisha's long-term economic development. Industry sources
State-owned Indian Renewable Energy Development Agency Ltd (IREDA) has said that it has launched its first-ever issue of perpetual bonds to raise Rs 1,247 crore. The issuance of perpetual bonds is a strategic move aimed at enhancing IREDA's Tier-I capital, ensuring a stronger financial foundation to support the rapid expansion of India's green energy infrastructure, said a company statement issued late evening on Wednesday. The perpetual bonds were issued at an annual coupon rate of 8.40 per cent. This landmark initiative marks a major step in optimizing the company's capital structure, while capitalizing on the current supportive market conditions. "Strengthening our capital base through perpetual bonds will enable us to scale up financing for renewable energy projects, accelerating India's transition to a cleaner and more sustainable future," Pradip Kumar Das, Chairman and Managing Director, IREDA, said. Meanwhile, IREDA has received a refund of Rs 24.48 crore on March 19, 2025,
India may fail to achieve its target of deploying 500 gigawatts (GW) of renewable energy capacity by 2030 if the annual funding does not increase by 20 per cent from the current levels, a new report warns. The report prepared by global energy think tank Ember said project-commissioning delays and uncertainties related to new age "Firm and Dispatchable Renewable Energy" (FDRE) projects could raise the cost of capital by up to 400 basis points. Delays in project commissioning have been caused by land-acquisition issues, grid connectivity delays and delays in signing power purchase agreements (PPAs), it said. According to the report, a 400 basis points increase in financing costs could result in India falling short of its 500-GW renewable energy target by up to 100 GW. A higher cost of capital would also increase electricity costs for consumers, it said. Investments in renewable power generation and transmission in the financial year 2024 were estimated at USD 13.3 billion, a 40-per
The share of renewables including large hydro in the country's overall energy mix is expected to remain stable at nearly 21 per cent in FY25, India Ratings and Research (Ind-Ra) said on Tuesday. The balance will be largely contributed by thermal capacity, the agency said in a report. "The share of renewables (including large hydro) in the overall energy mix is expected to remain stable at nearly 21 per cent in FY25, with the balance largely contributed by thermal," it said. As per official data, as of December 2024, India's overall power generation capacity was at 462 GW, of which 209.444 GW was renewables including hydro. The agency further said that it expects all-India energy requirement to grow 5-5.5 per cent year-on-year (yoy) during FY25, with incremental capacity additions of 30-35GW, largely led by renewables. Ind-Ra said it has also maintained a stable rating outlook for solar and wind projects for FY26, based on the historical generation profile (factoring volatility), .
As barren arid land gets covered with solar panels and giant windmills dot the coastline, India made it to the high table of clean energy superpowers with installed capacity crossing 200 gigawatts and projections of investment doubling to over USD 32 billion in 2025. According to the International Energy Agency, India's annual renewable capacity additions through 2030 are expected to increase more quickly than any other major economy, including China. It seeks India's capacity addition more than quadrupling from 15 GW in 2023 to 62 GW in 2030. By the end of 2024, its installed capacity touched 205 GW. Alongside, domestic solar PV and wind turbine manufacturing is being scaled up as part of the broader commitment to decarbonise and shift away from fossil fuels. India, which has set 2070 as the target for Net Zero, is aiming 500 GW of renewable energy capacity by 2030. To achieve this it is looking to add 50 GW of renewable energy (RE) capacity annually. Talking to PTI, Union New & .