Renewable Energy

Govt plans mandatory energy storage rules for power distributors by March

Details of the policy, including how much storage distributors will be required to buy, are still being discussed, Power Secretary Pankaj Agarwal said on Thursday

Clean energy sector receives long-term investment pledges of $400 billion

Union Minister Pralhad Joshi said the government had secured $400 billion in long-term investment commitments and was targeting another ₹21 lakh crore in renewable energy investment by 2030

ReNew to invest ₹9,000 crore in 1,500 MW pumped hydro project in Odisha

The renewable energy company has signed an MoU with the Odisha government for a 1,500 MW pumped hydro storage project in Ganjam district, part of its ₹45,000 crore investment plan

RE sector may create ₹20 trn investment opportunities by 2030: PM Modi

Speaking at the Bharat Renewable Energy Summit, PM Modi said the sector had attracted over ₹15 trillion in investments in the past decade, underscoring India's clean energy push

COP31 and the world's 35x35 plan

Raising electricity's share in energy consumption to 35 per cent by 2035 may look attractive. But is it the right ambition for India?

India's grid-scale moment

Batteries will power the future economy. India must seize the opportunity to build a globally competitive industry that goes beyond lithium-ion

India's economic growth is high despite ongoing West Asia crisis: PM Modi

Addressing the Bharat Renewable Energy Summit, Modi said India was among the world's top three countries in the solar and renewable energy sector

Jatin Kumar Nayak takes charge as Ireda chairman and managing director

Jatin Kumar Nayak has assumed charge as the Chairman & Managing Director of Indian Renewable Energy Development Agency (IREDA), a company statement said. Prior to this appointment, Nayak held the position of Executive Director (Finance) at REC Ltd. Nayak has over three decades of rich and diverse experience, the statement said. He has served as Chief Financial Officer of erstwhile REC Transmission Projects Company Limited, a subsidiary of REC. Earlier in his career, he has worked with NHPC, Hindustan Copper, National Aluminium Company Ltd (NALCO) and Neelachal Ispat Nigam Ltd. His experience spans over the power sector and resource-intensive industries, including mining and metals. He also brings substantial expertise in domestic and international resource mobilisation, strategic treasury management, corporate finance, taxation and legal affairs, project appraisal and monitoring, lending operations, loan recovery, and stressed asset management. Nayak holds a Master's degree in .

India signs world's largest green hydrogen offtake commitments: MNRE

Twenty-three contracts covering over 550,000 tonnes per annum of green hydrogen equivalent have been signed since 2023, with more than 70 per cent earmarked for exports

India requires $220 bn for renewable energy expansion by 2030: MNRE secy

The investment roadmap covers solar, wind, energy storage, manufacturing, green hydrogen and transmission, with the government seeking to mobilise funds over the next four to five years.

State power playbook: New scheme to improve renewable energy transmission

A new central government scheme seeks to strengthen renewable energy transmission within states

Odisha to unveil India's 1st dedicated Agri-PV policy, targets 1 GW by 2030

The proposed policy will allow farming alongside solar power generation, ensure 90 per cent of project land remains cultivated and offer farmers new income opportunities

Polysilicon support scheme receives FinMin's in-principle approval

Finance ministry clears proposed scheme in principle; Cabinet nod awaited

Power: The old is undermining the new amid rising electricity demand

India's power sector faces a growing gap between rising electricity demand and investment in conventional generation and grid infrastructure, risking supply shortages during peak hours

Ireda Q2 net profit edges up at ₹554 crore, loan disbursements rise 31%

State-owned Ireda has posted a marginal rise in its standalone net profit to Rs 554 crore for the September quarter, the company said on Monday. It earned a net profit of Rs 549 crore in the second quarter of the preceding financial year, the Indian Renewable Energy Development Agency (Ireda) said in a statement. In July-September, the company's revenue from operations rose 14 per cent to Rs 2,345 crore from Rs 2,057 crore a year ago. Loan disbursement increased 31 per cent to Rs 10,579 crore against Rs 8,062 crore in the year-ago quarter. Loan book grew 15 per cent to Rs 97,411 crore from Rs 84,477 crore in Q2 FY26. The company's net worth grew 11 per cent to Rs 14,337 crore during the quarter compared to Rs 12,920 crore a year earlier. "Our Q2 FY27 performance reflects the continued strength of Ireda's business fundamentals and focus on quality growth. 31 per cent rise in loan disbursements, along with 15 per cent growth in the loan book, underscores the sustained demand for ..

Waaree Renewable Technologies Q2 net profit falls over 29% to ₹81 crore

Waaree Renewable Technologies' Q2FY27 net profit fell over 29% to ₹81.48 crore as higher expenses weighed on earnings, even as revenue rose to ₹1,057.84 crore.

Govt to launch AgriPV support scheme, 5 GW capacity possible: MNRE secy

The proposed central scheme aims to bridge the 25-30% higher cost of AgriPV projects, with capacity addition depending on states notifying feed-in tariffs, says MNRE Secretary

Renewable energy demand could rise as data centres surge in India

CleanMax founder Kuldeep Jain estimated that 5 GW of data centre capacity could require 30-40 GW of renewable power, as US backlash and West Asia conflict risks boost India's appeal

Odisha needs ₹1.1 trn to expand renewable energy, storage and grid infra

The state needs to add 10.7 GW of renewable capacity by 2035-36, along with pumped storage, battery storage and transmission upgrades, an IEEFA report said

GEC-III opens door to competitive bidding for state power transmission

The Rs 1.86 trillion GEC-III scheme aims to strengthen intra-state transmission networks and battery storage, while using competitive bidding to reduce costs and improve renewable energy evacuation