Page 18 - Green Energy

Rooftop solar for poverty alleviation

Currently, the rooftop-subsidy programmes run by the Ministry of New and Renewable Energy require consumers to bear about 60 per cent of the costs

NTPC Green Energy to raise up to Rs 9,000 cr through rupee term loan

NTPC arm NTPC Green Energy Ltd (NGEL) has invited bids for rupee denominated term loan of up to Rs 9,000 crore. The bid document showed that NGEL intends to raise fresh debt and repay outstanding liability of Rs 8,200 crore towards NTPC by March 31, 2023 along with applicable interest cost. Also, additional funds to the tune of Rs 800 crore would be required for additional debt liability and for balance capex payments of projects which are yet to achieve full commercial operations, it stated. Thus, NGEL has invited offer for rupee term loan of up to Rs 9,000 crore, it said. The minimum amount of loan offered by banks/FIs (financial institutions) shall be Rs 1,000 crore and in multiples of Rs 500 crore thereafter, it stated. The last date for submission of bids is March 6, 2023. NTPC had incorporated NGEL in April 2022 for consolidating its renewable energy businesses and aggressively pursue its green/ sustainable energy venture.

Adani Green Energy puts Rs 10,000-crore capex plan under review

Company to reduce capex in near term; execs say large part of it can be discretionary

Rehaul rules to improve financing Indian green projects: Fitch unit

In a report listing steps to revise the framework, the unit of Fitch Ratings said implementing public-sector credit guarantees would help lower financing costs

Global green growth conundrum

Green growth is the overarching theme across the world and India is no exception, but the trend towards deglobalisation is throwing a spanner in the works

India Energy Week: Rising demand for fossil fuel dominated the talks

The coal entrepreneurs seem to have cottoned on to the fact that there is no doomsday arriving for the sector anytime soon

Andhra govt clears Rs 1.10 trn proposal of NTPC for new energy park

Public sector power generator NTPC is to set up a New Energy Park at Pudimadaka in Anakapalli district of Andhra Pradesh to produce products out of green hydrogen, green ammonia and green methanol at a cost of Rs 1,10,000 crore in two phases. An official release on Tuesday said the Andhra Pradesh State Investment Promotion Board (SIPB) cleared a series of investment proposals to establish several heavy industries in the State. NTPC will set up New Energy Park at Pudimadaka in Anakapalli district to produce products of green hydrogen, green ammonia and green methanol with a total investment of Rs. 1, 10,000 crore in two phases with each phase receiving an investment of Rs. 55,000 crore, the release said. The first and second phases with employment opportunities to 30,000 and 31,000 people would be completed by 2027 and 2032 respectively. The Accord Group would set up a Rs 10,000-crore factory at Ramayapatnam to make special minerals like copper cathode, copper rod, sulfuric acid an

India's decarbonisation efforts lauded at Energy Week: Oil India CMD

De-carbonisation via electric vehicles and hydrogen is among the four verticals in India's strategy for the energy sector, he said

World Bank keen on Rs 2,500-cr green resilient programme for Himachal: CM

Most departments will switch over to EVs by next year in the first phase, says CM Sukhu

Focused on green shift despite war-led scramble for conventional fuel: Puri

Petroleum minister hints at sustained lifting of Russian crude; hails IEW 2023 as a watershed event

Green growth push

New initiatives have long-term potential

India plans big for green energy sector in sync with G20 Presidency

It has a target of the annual production of 500 MMT (million metric tonnes) of green hydrogen by 2030

Budget: Energy transition gets fund boost, green growth key economic driver

The Centre has entrusted the oil ministry, which naturally has the highest fossil-fuel footprint, to steer the energy transition of the country

Budget 2023-24 wishlist: Here're key challenges in renewable energy sector

India missed the 175-Gw green energy target by the end of 2022 by 55 Gw as due to slow progress in project development

Aditya Birla group to invest in green energy as rivals make commitments

'Thin line between hustle and hubris', Kumar Mangalam Birla warns upcoming companies in blog post

Himachal Pradesh targets to be first 'green energy state' by 2025: CM Sukhu

The Himachal Pradesh government intends to make the state as the first Green Energy State by the end of 2025 by harnessing hydro, hydrogen and solar energy and switching to green products, Chief Minister Sukhvinder Singh Sukhu said on Friday. Presiding over a meeting of senior officers of the energy department and HPSEBL, he directed all the concerned departments including HPSEBL, HIMURJA, Himachal Pradesh Power Corporation Limited (HPPCL) and the Department of Energy to initiate action in this direction and make policy changes, wherever required. He said that refurbishing the present system is essential and the departments should focus on harnessing green energy in the best interest of the State. To ease the norms, the Chief Minister directed the officers to make necessary amendments to the existing power policy and open all the solar projects up to 5 MW capacity for allotment. The state government would also invest in solar plants and will install 500 MW solar projects during the

WEF: Experts pitch for carbon pricing standards to accelerate green energy

Carbon pricing is essential to unlock trillions of dollars in private capital needed to reach emission reduction targets, experts and business leaders said on Thursday

NTPC, Reliance, Adani top green hydrogen plays to bet on, say analysts

As per analysts, electrolyser manufacturers, fuel cell makers for non-emission vehicles, traditional players engaged in energy storage solutions or batter makers are among key beneficiaries

Need to forge pacts to attain India's net-zero targets: Industry leaders

"India can be the world platform for green energy but regulation needs to be accelerated"

India sets targets for green hydrogen consumption by some industries

Green hydrogen is a zero-carbon fuel made by electrolysis, using renewable power from wind and solar to split water into hydrogen and oxygen