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Serentica Renewables on Monday announced plans to invest Rs 1 lakh crore in Rajasthan's clean energy space. The company's strategy is focused on enabling hard-to-abate sectors through firm and dispatchable renewable energy solutions that combine scale, reliability and affordability. "Underscoring its long-term commitment, Serentica has announced plans to invest Rs 1 lakh crore in coming years in the state of Rajasthan, with more than Rs 10,000 crore already deployed," the statement said. The company said Rajasthan now accounts for over 50 per cent of its total solar portfolio, with major assets located in Bikaner and Jaisalmer. The portfolio is expected to expand to Bhadla in the next phase. Together, these projects are part of the company's planned renewable energy pipeline of 27,000 MW. Serentica Renewables is a renewable independent power producer committed to decarbonise hard-to-abate industries by providing firm dispatchable renewable energy (FDRE) solutions.
Record growth in solar, especially in China and India, was a driving factor for clean energy sources surpassing the world's strong demand for electricity in 2025, according to a new global power analysis. Clean power generation grew 887 terawatt hours last year, exceeding overall global electricity demand growth of 849 terawatt hours, according to a report by energy think tank Ember, released after midnight Tuesday London time. Ember analyzes electricity data from 215 countries, and studied 2025 data for 91 countries, which the firm says represents 93% of global demand. Overall, the share of renewables - including solar, wind, hydropower and other clean energies - hit more than one-third of the world's electricity mix for the first time in modern history last year, growing 33.8% to 10,730 terawatt hours. It's promising news for a world embattled by climate change that's driven by the burning of fossil fuels such as coal, oil and gas to meet growing needs from economic growth, risin
ACME Solar Holdings on Thursday said it has secured Rs 4,725 crore financing from leading Indian financial institutions to fund renewable energy projects and optimise its capital structure by reducing financing costs. The capital raise includes financing and refinancing arrangements with tenors ranging from 18 to 20 years for the projects, a company statement said. According to the statement, the ACME Solar Holdings Ltd (ACME Solar), through its subsidiaries, has secured debt tie-up of Rs 4,725 crore from leading Indian financial institutions to fund the renewable energy projects and optimise its capital structure by reducing financing costs. Under the New Greenfield Financings, the company has got Rs 2,716 crore from Power Finance Corporation Ltd (PFC Ltd) for the 300 MW ACME Sigma FDRE project, a renewable energy initiative equipped with four hours of battery storage. It has also got its first greenfield project financing for Acme from National Bank for Financing Infrastructure .
Union minister Pralhad Joshi on Tuesday said India is the fourth-largest nation in the world in terms of renewable energy capacity, at 257 GW, a three-fold jump from 81 GW in 2014. Addressing the 8th session of the International Solar Alliance Assembly, the union minister of new and renewable energy said India's solar capacity increased from 2.8 GW in 2014 to 128 GW today. He said, "India is now the world's 4th-largest in RE capacity. Renewables in 2014 V/s Now: 81 GW - 257 GW." He informed that solar module manufacturing capacity increased from 2 GW in 2014 to 110 GW at present. Similarly, the solar cells manufacturing increased from 'zero' to 27 GW. He said under the leadership of Prime Minister Narendra Modi, India achieved the Nationally Determined Contribution target of 50 per cent capacity from non-fossil sources, five years ahead of the deadline. India's renewable tariffs, be it solar, solar-plus-battery, and green ammonia, are among the lowest globally, he said, adding th