Renewable Power

The draft framework aims to gradually narrow the permissible gap between the amount of electricity producers commit to supply and what they actually generate and was due to come into effect from April

A World Economic Forum report says India will lead global growth in renewable capacity and generation through 2030, driven by higher clean-energy investment and policy support such as PLI schemes

Europe's drive to cut emissions has delivered big climate gains, but soaring energy costs, factory closures and political backlash are forcing a tough choice between ecological ambition and economic s

The slowdown in renewable tendering comes even as India prepares its new Nationally Determined Contributions (NDC) to UN, to be presented by November, which will detail clean energy targets for 2035

GST reduction on renewable energy will save up to Rs 1.5 lakh crore for investors till 2030, Union Minister Pralhad Joshi said on Monday. The comments from the Union New & Renewable Energy Minister assume significance as Monday is the first day of implementation of the Goods and Services Tax reduction. In a bonanza to consumers, the GST Council, comprising the Centre and states, decided to reduce tax rates on goods and services, from September 22 -- the first day of Navratri. The GST cut will give a significant boost to India's ambitious target of having 500 GW of renewable energy by 2030. Talking to reporters on the sidelines of the CII 6th International Energy Conference, Joshi said, "I thank Prime Minister Narendra Modi for cutting GST on renewable equipment from 18 per cent to 5 per cent, especially on the occasion of the Navratri festival." He further said this will save Rs one lakh crore to Rs 1.5 lakh crore for investors till 2030. According to the Ministry of New & ...

Discom losses and distorted tariffs threaten India's power reforms; a consensus on cost-reflective pricing and transparent subsidies is crucial for sustainable growth

Inox Wind Ltd, India's leading wind energy solutions provider, on Tuesday said it has sold a Rs 175 crore stake in its EPC subsidiary, Inox Renewable Solutions Ltd, to investors at a valuation of Rs 7,400 crore. The post-merger valuation of Inox Renewable Solutions Ltd (IRSL), recently received no objection' from the stock exchanges, a company statement said. Inox Wind caters to Independent Power Producers (IPPs), utilities, PSUs, and corporate investors. Inox Wind Ltd (IWL) is a part of the USD 12 billion INOXGFL Group, which has a legacy of over nine decades and is primarily focused on two business verticals - chemicals and renewable energy, it said. IWL is a fully integrated player in the wind energy market with four state-of-the-art manufacturing plants in Gujarat, Himachal Pradesh and Madhya Pradesh, where blades, tubular towers, as well as hubs & nacelles are manufactured. Through its other subsidiary, Inox Renewable Solutions (earlier known as Resco Global Wind Services Pvt

That compared with stranded projects of over 20 GW, another letter sent by the SPDA on October 4 showed. Both letters were reviewed by Reuters

Serentica Renewables on Thursday said it has secured USD 100 million in debt financing from global financial institutions Rabobank and Socit Gnrale to support the development of a 300 MW solar power project in Rajasthan. Serentica Renewables, a leading Commercial & Industrial (C&I) focused renewable energy company in India, has announced the financial close of its second External Commercial Borrowing (ECB) financing, according to a company statement. This strategic project has been designed to supply green energy to Bharat Aluminium Company Limited (BALCO), one of India's leading aluminum producers and a subsidiary of the Vedanta Group, marking another significant step in decarbonising India's industrial sector, it stated. Akshay Hiranandani, CEO of Serentica Renewables, said, "It's a crucial step in our mission to provide reliable, clean energy solutions that empower industrial giants like BALCO to decarbonise, driving a greener and more sustainable future for the nation. "We

In this episode of Manager’s Mantra, Manoj Sinha, CEO of Husk Power Systems and TIME100 Climate Leader, shares how renewable energy and AI are lighting up rural India.

A global forum focussed on climate protection has lauded India's progress in the renewable energy sector and said the country has a leadership role in Asia's energy transition. "India has a leadership role in the energy transition in Asia. It's making steady progress on its climate goals, with a focus on solar roll-out. This is encouraging," said Helen Clarkson, CEO of Climate Group-- a not-for-profit international entity. Clarkson, who led the Climate Group Asia Action Summit in Singapore last week, said, "India's progress in renewables is interesting with progress seen in the last few years". India's total installed renewable energy (RE) capacity has reached 220 GW as of FY25, she said, citing the latest data from the Ministry of New and Renewable Energy (MNRE). Solar energy leads the sector, accounting for approximately 48 per cent of the total RE capacity, followed by wind energy (23 per cent), large hydro (22 per cent), bio power (5 per cent) and small hydro (2 per cent), ...

The deal, executed through its wholly owned subsidiary JSW Neo Energy, adds 4,696 megawatt (MW) of capacity spread across solar, wind, hybrid, and round-the-clock (RTC) renewable power

ONGC NTPC Green Pvt Ltd (ONGPL) has completed acquisition of 100 per cent equity stake in Ayana Renewable Power for Rs 6,248.50 crore. ONGPL is a 50:50 joint venture of NTPC Green Energy Ltd (NGEL) and ONGC Green Ltd. The acquisition was completed on March 27 for a cash consideration of Rs 6,248.50 crore at Rs 23.22 per share, NGEL said in an exchange filing. The Competition Commission of India had given its approval for the acquisition on March 11, 2025. NGEL contributed 50 per cent, that is Rs 3,124.25 crore to the total acquisition cost, it said. Through this acquisition, NGEL aims to expand its capacity in the renewable energy sector to meet its target of 60 GW renewable capacity by 2032. Ayana, a leading renewable energy platform, has capacity of approximately 4,112 MW (2,123 MW operational and 1,989 MW under-construction), strategically located across resource-rich states. Its portfolio is backed by high-credit-rated offtakers such as SECI, NTPC, Gujarat Urja Vikas Nigam L

India currently has 150 Gw of installed RE capacity

Indian companies are expanding their renewable energy capacity, with the government aiming to add at least 500 GW of clean energy by 2030 to reduce emissions

India's total installed power generation capacity has grown around 80 per cent over the last 10 years to 4,46,190 MW (4.46 GW) in June 2024, Parliament was informed on Monday. The installed capacity, which was 2,48,554 MW in March 2014, reached 4,46,190 MW in June, the Union Minister of State for Power Shripad Naik said. In a reply to the Rajya Sabha, he said the installed capacity of coal-based power has increased from 1,39,663 MW in March 2014 to 2,10,969 MW in June 2024. While the installed capacity of renewable sector has increased from 75,519 MW in March 2014 to 1,95,013 MW in June 2024, the minister added. The Government of India proposes to set up an additional minimum 80 GW coal-based capacity by 2031-32, Naik said. He further said 1,95,181 circuit kilometer (ckm) of transmission lines, 7,30,794 MVA of transformation capacity and 82,790 MW of inter-regional capacity have been added, connecting the whole country into one grid running on one frequency with the capability of

NTPC Green Energy Limited has signed a joint venture agreement with Uttar Pradesh Rajya Vidyut Utpadan Nigam Limited to develop renewable power parks and projects in Uttar Pradesh. The renewable energy (RE) power generated from the proposed joint venture company (JVC) will meet the Renewable Generation Obligation (RGO) of Uttar Pradesh Rajya Vidyut Utpadan Nigam Limited (UPRVUNL), NTPC said in an exchange filing. "Wholly-owned subsidiary NTPC Green Energy Limited (NGEL) has signed a joint venture agreement with UPRVUNL on March 4, 2024, in Lucknow for development of renewable power parks and projects in Uttar Pradesh," it said. NGEL is a wholly-owned subsidiary of state-owned power giant NTPC with an operational capacity of over 3.4 GW and 26 GW in the pipeline, including 7 GW under implementation.

Torrent Power has emerged as the successful bidder to supply 388 million units (MU) of electricity from its gas-based plant under a government scheme from March 16, 2024, to June 30, 2024, the company said on Friday. It has been awarded a contract by NTPC Vidyut Vyapar Nigam Limited (NVVN) under the government's Crunch Period scheme to overcome high power demand during summer, the company said in a statement. According to the statement, Torrent has a 2,730 MW gas-based power generation capacity. Torrent Power has emerged as a successful bidder under the competitive bidding, and received a Letter of Award from the NVVN on March 1, 2024, for the supply of power from its gas-based power plant during the forthcoming summer's crunch/high power demand periods from March 16, 2024, to June 30, 2024, period. The government, through NVVN, came up with the crunch / high-demand period scheme last year to harness Gas-Based Power Generation (GBPG) to overcome the country's rising power demand, .

Torrent Power on Friday said it has received a Letter of Award (LoA) from the Railway Energy Management Company Ltd (REMCL) for a grid-connected round the clock renewable power project. The project shall be commissioned within 24 months from the signing of the Power Purchase Agreement (PPA), Torrent Power said in a statement. "The project cost is approximately Rs 2,700 crore for installing about 325 MW of renewable capacity for supply of 100 MW RE-RTC power. The tender requires to maintain minimum annual capacity utilisation factor of 75 per cent in the first 3 years and 85 per cent from fourth year onwards," Torrent Power said. The 325 MW of renewable capacity includes wind, solar, and battery storage, the company said. The project has been secured at tariff of Rs 4.25/Kwh for a period of 25 years.

Avaada Energy on Friday said it has secured over 1,400 MWp solar projects across the country from state-owned agencies. The company has secured projects with capacities of 421 MW, 280 MW, and 700 MW in tenders issued by SECI, GUVNL, and NTPC, respectively, according to a statement. These projects, slated for development in Gujarat and Rajasthan, underscore the company's commitment to expanding its renewable energy footprint in India, the statement said. "Avaada Energy, a key entity in the Avaada Group's renewable energy division, is pleased to announce its successful acquisition of approximately 1,400 MWp in solar energy projects through recent tenders by central and state government agencies in India," it said. The Power Purchase Agreements (PPAs) with these agencies will span 25 years. These projects are slated for completion within a timeframe of 24 months. Upon commissioning, these solar installations are expected to generate an estimated annual output of approximately 2,410