Page 3 - Green Energy

India awards 862,000 TPA green hydrogen capacity, eyes 10% of global demand

India awards 862,000 TPA green hydrogen capacity to 19 companies, aiming to capture 10% of global green hydrogen demand by 2030, says Union Minister Shripad Naik at FICCI Green Hydrogen Summit

Juniper Green Energy gets ₹1,739 cr debt funding from Ireda for renewables

Juniper Green Energy on Wednesday said it has secured Rs 1,739 crore in debt financing from Indian Renewable Energy Development Agency Ltd (IREDA). This funding will support the growth and development of Juniper Green Energy and its subsidiaries, enabling the execution of large-scale renewable projects and strengthening its operational capacity, a company statement said. According to the statement, Juniper Green Energy has successfully secured Rs 1,739 crore in debt financing from IREDA. This round of financing follows Juniper Green Energy's successful USD 1 billion debt raise last year, from leading financial institutions, including Power Finance Corporation Ltd (PFC), DBS Bank, HSBC Bank, and IREDA. "This funding from IREDA marks another important step in our growth journey. We remain committed to scaling renewable energy infrastructure that is sustainable and aligned with India's energy goals," Parag Agrawal, Chief Financial Officer, Juniper Green Energy, said. Juniper Green En

Foreign firms linked to up to 30% of China's carbon emissions, says study

Foreign companies drove a quarter of China's corporate emissions over two decades, with poorer inland provinces shouldering most of the environmental costs

Govt body NRDC suggests mandatory policy framework for zero emissions

ZEV credits will be calculated based on the difference between the ZEV-mandated requirements and the number of vehicles sold by the manufacturer

Govt scraps uniform tariff rule, dissolves pricing pools for green energy

The power ministry on Wednesday said it has done away with a uniform tariff mechanism and dissolved central pricing pools for renewable energy purchase pacts amid concerns over uncertainty on power tariffs. The move is expected to ease price discovery between renewable energy producers and users as well as deployment of renewable capacity in the country. In view of the substantial renewable energy capacity awaiting power sales agreement (PSA) signing and to expedite the deployment of RE, it has been decided to withdraw the order regarding the implementation of the Uniform Renewable Energy Tariff (URET) mechanism, the ministry said in a statement. Consequently, the Solar Power Central Pool and Solar-Wind Hybrid Central Pool shall stand dissolved, it said. Earlier, the ministry had ordered implementation of URET from February 15, 2024 for three years up to February 14, 2027. The URET mechanism and the associated central pools were notified to address the potential impact on procurer

NHPC, NTPC Green Energy to raise ₹4,500 cr via short-term bonds this month

NHPC eyes shorter-tenor bonds; NTPC Green plans debut local-currency issue of up to ₹3,000 crore

KPI Green Energy Q1 net jumps over 68% to Rs 111.32 cr on higher revenues

KPI Green Energy on Tuesday posted over 68 per cent jump in its net profit to Rs 111.32 crore for the June quarter, driven mainly due to higher revenues. Profit After Tax (PAT) reached Rs 111.32 crore, registering a 68 per cent increase from Rs 66.11 crore, backed by sustained margin expansion and disciplined financial practices, a company statement said. The company's total revenue stood at Rs 614.12 crore, up 75 per cent from Rs 349.85 crore a year ago, reflecting significant growth in project execution and continued momentum in solar and hybrid segment orders. The board approved the declaration of the first interim dividend at 4 per cent, i.e. Re. 0.20 (Twenty Paisa Only) per equity share of a face value Rs 5 each, for the financial year 2025-26. The dividend shall be paid within 30 days from the date of its declaration to the shareholders whose names appear in the Register of Members as on the record date. The board also approved raising funds through the issuance of ...

Policy decisions, not financial markets, can lead to real climate action

Without strong policy guardrails, markets alone can't drive the green transition

President Murmu urges MES officers to adopt green tech, build smart

As emerging leaders in the field of military construction, young Military Engineer Services (MES) officers have a crucial responsibility "not only to build but to build with responsibility", President Droupadi Murmu said on Wednesday. The MES plays a vital role in strengthening the operational readiness of the country's armed forces, she said. "By providing comprehensive engineering support, MES ensures that our troops are equipped with world-class infrastructure and facilities, enabling them to remain mission-ready under all conditions," Murmu said, addressing a group of MES probationers, who had called on her at the Rashtrapati Bhavan here. Murmu further called on the officers to focus on adopting renewable energy sources to promote sustainable development and reduce the carbon footprint of defence infrastructure. The President noted that MES is actively promoting the use of indigenous materials and technologies under the Make in India initiative, aligned with the national vision

Juniper Green Energy commissions additional 43 MWp in Maharashtra

Juniper Green Energy on Tuesday announced the commissioning of an additional 43 MWp at its power project site in Wardha, Maharashtra. The project supplies power to Maharashtra State Electricity Distribution Company Ltd (MSEDCL), through its subsidiary, Juniper Green Power Five Pvt Ltd, a company statement said. This marks the completion of the entire 103 MWp solar component of the 129 MWp hybrid power project. With this, Juniper Green Energy has commissioned the solar capacity in two phases -- 59.55 MWp on June 6, 2025, followed by 43 MWp on July 14, 2025 -- achieving full solar capacity within just eight months of signing the PPA (power purchase agreement. This execution brings the solar portion of the hybrid power project online nearly 16 months ahead of its scheduled commissioning date of November 17, 2026. "This achievement highlights our significant contribution to India's increasing need for clean energy," said Ankush Malik, Chief Executive Officer, Juniper Green Energy. Ju

Reliance's expansion into green energy segment sparks analyst optimism

Billionaire Mukesh Ambani's firm on Friday revealed details of progress of a $10 billion investment to build its clean energy portfolio and achieve net-zero carbon emissions by 2035

Assam halts green hydrogen policy; investors reassess plans: Report

Assam's decision to pause the green hydrogen policy surprised some of the companies, forcing them to recalibrate potential returns and investment plans worth millions of dollars, three of the sources

Uttarakhand cabinet clears geothermal energy policy to boost RE goals

The Uttarakhand Cabinet on Wednesday approved the Geothermal Energy Policy, under which scientific and technical research will be encouraged for the exploration of geothermal resources in the state. Official sources said here that the policy was approved in a cabinet meeting chaired by Chief Minister Pushkar Singh Dhami. Sources said that the policy's objective is to encourage scientific and technical research for the exploration of economically and environmentally viable geothermal resources in the state. They said that through geothermal energy, carbon emissions in the state will be reduced, and energy security will be strengthened. The policy will be implemented by the Energy Department in collaboration with various agencies. The Cabinet also approved the formation of a project management unit (PMU) for studies related to increasing the carrying capacity of bridges under the Public Works Department. In another decision, the Cabinet also approved the establishment of a digital

Tata Steel on track for green transition in UK, Netherlands: Chandrasekaran

Tata Steel is confident of completing its transition to green steel manufacturing in the UK and Netherlands as per schedule, the company's Chairman N Chandrasekaran said on Wednesday. He made the remarks while addressing the shareholders at the company's 118th Annual General Meeting (AGM). "...we remain confident that the transition to green steel making in the UK and the Netherlands will happen as per our plans, in the next few years," Chandrasekaran said. In the UK, the company has progressed toward low-emission steelmaking with the decommissioning of two blast furnaces at Port Talbot, paving the way to transition to state-of-the-art Electric Arc Furnace-based steelmaking by fiscal 2028, supported by 500 million pounds of UK government funding. In the Netherlands, the company is in discussions with the Dutch government for financial and policy-level support on our decarbonisation plan. Tata Steel has also launched a cost transformation programme, targeting savings of 500 million

CleanMax, Toyota Tsusho India join hands to develop 300 MW green capacity

Renewable energy solutions provider CleanMax and Toyota Tsusho India have joined hands to develop 300 megawatt capacity of renewable energy projects in India. The new partnership aims to leverage synergies between both companies to develop and operate renewable energy projects for Japanese corporates in India, CleanMax said in a statement. The companies aim to set up the capacity by 2028. The partnership will provide comprehensive green energy solutions tailored to each company's needs, including rooftop solar projects, stand-alone ground-mount solar or wind projects, wind-solar hybrid projects and carbon credits. Kuldeep Jain, Founder & Managing Director, CleanMax, said, "The partnership...solidifies CleanMax's strategy around global collaborations focused on helping corporations reduce their carbon footprint, while enabling the company to achieve its growth targets in a more capital-efficient manner." Clean Max Enviro Energy Solutions Private Limited (CleanMax), a ...

AMG acquires 17.5% stake in Greenko Energy Holdings for $1.4 billion

AMG will own 25 per cent stake, including AMG promoter's current share, in Greenko post-closing of this transaction in July

Adani Green becomes first Indian firm to cross 15 GW renewable capacity

Adani Green Energy is currently developing what could be the world's largest renewable energy plant and aims to reach 50 GW of installed renewable energy capacity by 2030

MNRE revises norms for biomass programme to boost clean energy in India

The Ministry of New and Renewable Energy (MNRE) has issued revised guidelines for the biomass programme to promote cleaner energy solutions, ease of doing business, and accelerate the adoption of biomass technologies across India. The norms are revised under Phase-I of National Bioenergy Programme, applicable for the period FY 202122 to 202526. These amendments aim to promote cleaner energy solutions, ease of doing business, and accelerate the adoption of biomass technologies across the country, a ministry statement said. Under the new framework, the ministry has simplified several processes, such as cutting down on paperwork and easing approval requirements, which will enable the industry, especially MSMEs to enhance their production. These changes align with improvement of stubble management and India's broader goal of reaching net-zero emissions by 2070. One of the major highlights of the revision is technological integration by enabling the use of IoT-based monitoring solution

Emmvee bags ₹1,500 cr order from KPI Green Energy for solar module supply

Emmvee on Tuesday said it has bagged an order worth nearly Rs 1,500 crore from KPI Green Energy to supply TopCon bifacial solar modules for an upcoming project in Gujarat. Modules will be manufactured at Emmvee's facilities in Dabaspet and Sulibele, Karnataka, and deployed for an upcoming solar project in Gujarat, a company statement said. According to the statement, Emmvee, one of the leading Indian solar module and cell manufacturers, has bagged a nearly Rs 1,500 crore order from KPI Green Energy Ltd, part of the KP Group, to supply high-efficiency TopCon bifacial solar modules. The continued association reflects the market's confidence in Emmvee's technological leadership and delivery excellence, the statement said. "This new order from KPI Green Energy underscores our commitment to quality, strong execution capabilities, and the relationship capital we've built with long-standing partners in the industry," said Manjunatha DV, founder and Managing Director, Emmvee. This large-s

EPTA urges extension of ISTS charges waiver for green projects to 2026

Apex industry body Electric Power Transmission Association (EPTA) on Monday urged the government to safeguard the viability of around 30 GW clean energy projects facing risks from delays beyond the control of developers by extending the Inter-State Transmission System (ISTS) charges waiver till March 2026. Investments of about Rs 2 lakh crore will be impacted if a relief is not given to the players in the form of extension in the waiver, G P Upadhyaya, the Director General of EPTA said while speaking to the media in the national capital. The government had announced a waiver for solar and wind projects to be set up and commissioned by June 30, 2025. Upadhyaya said "around 30 GW green capacity are under advance stages of development across various states. These projects are unlikely to be set up before June this year on account of multiple reasons". The capacity has been delayed due to reasons beyond power companies' control and they may move to CERC (Central Electricity Regulatory