Page 3 - Renewable Energy Market

Serentica Renewables secures Rs 5,600 crore funding from REC, PFC

Serentica Renewables on Monday said it has raised Rs 5,600 crore funding from state-owned firms REC and PFC. It has raised Rs 3,000 crore debt funding from REC and Rs 2,600 crore debt funding from PFC, the company said in a statement. This transaction is in line with REC's expanding role in funding green projects and position itself as the focal agency for energy transition," Vivek Kumar Dewangan, Chairman & Managing Director, REC said. Pratik Agarwal, Director, Serentica said, "With the funding secured, we will be accelerating the development of our first phase of projects, which will bring clean energy to hard-to-abate energy intensive industrial consumers and help them move towards a net-zero future." Serentica is committed to developing 4GW of renewable energy capacities across the country to deliver round-the-clock green energy needs of its customers. The overall portfolio will supply more than 9 billion units (BUs) of clean energy annually, offsetting 8.5 million tonne of ...

Pumped storage projects may create 7,000 jobs in Maharashtra: NHPC

The MoU sets the stage for the establishment of four pumped storage projects, which will have a combined capacity of 7,350 MW

Solar power investment set to surpass oil production spending this year

The growth in clean energy spending is driven by technologies including solar panels and electric vehicles that are key to cutting dependence on the use of oil, coal and natural gas

Renewable energy firms missing deadlines to be blacklisted for 3-5 years

Senior executives, however, pointed out that the encashment of bank guarantee in case of default was always part of the tender document issued by central government agencies

Global demand concerns likely to weigh on energy markets, says RIL

RIL's oil-to-chemicals (O2C) business, was mixed in terms of performance, reporting 10 per cent Y-o-Y growth in revenue in Q3, though there was a decline of 9.4 per cent sequentially

Parliament passes bill to mandate use of renewable energy, carbon trading

The Bill is expected to be a step for India toward fulfilling its goals of cutting emissions and the use of renewable energy

Market regulator Sebi plans simplified BRSR, ESG rating regulations

Buch calls for independence of emerging economies in ESG matters, carbon credit pricing

Carbon reduction hinges on share of renewables in energy: TKM's V Kirloskar

The share of renewable energy as a percentage of total generation is only 30 per cent. Unless this goes up I don't see carbon emission coming down, Kirloskar said

Will renewable energy stocks keep your portfolio green?

India released its low-carbon emission development strategy at the UN Climate Conference. As the focus on green energy takes centre stage, is it time to add stocks from this space to your portfolio?

NTPC, Tata Motors: Analysts bet on renewable energy stocks for long-haul

Analysts see the renewable energy sector as a long-term structural play given the growing climate awareness and the government's efforts towards adoption of green energy sources

Headwinds, tailwinds and renewables

The global energy story could see some positive twists yet

Heavy capex preventing deleveraging by Indian renewable energy firms: S&P

Renewables are economically competitive with traditional fuels and benefit from ambitious energy-transition targets in India

Unsettling the energy mix, clawbacks

The energy markets are in a flux and the ideal mix is changing.

Solar cells import jumps to $3,447 mn in Apr-Jan; most shipment from China

Solar cells import rose to USD 3,447 million (around Rs 26,000 crore) during April-January 2021-22 as compared to USD 572 million in the previous financial year, Parliament was informed on Thursday. The imports were worth USD 1,684 million in 2019-20 and USD 2,160 million in 2018-19, New & Renewable Energy Minister R K Singh said in a written reply to the Lok Sabha. During April-January 2021-22, the maximum import was from China at USD 3,117.78 million. In another reply, the minister stated that the government has set a target of installing 100 GW solar power capacity by December 2022 in the country. Against this, projects of 108.91 GW have either been commissioned or are in the pipeline. Total 50.78 GW of solar power capacity has been installed as on February 28, 2022. About 44 GW capacity is at various stages of implementation and 13.86 GW capacity is under bidding stage, the minister said.

Renewable energy expo to begin on Sep 15, to host over 120 exhibitors

A three-day Renewable Energy India Expo will begin on September 15 at Greater Noida near here where over 120 exhibitors would showcase their products, services and technologies

RE developers raise over Rs 26K cr through bonds in Jan-Jun this year

Indian renewable energy project developers have raised as much as Rs 26,300 crore through issuance of green bonds during January to June this year, according to a CEEW-CEF report

End of thermal PPAs to help renewable power purchase, says SECI CMD

Jatindra Nath Swain, chairman and managing director, SECI, spoke to Shreya Jai about the growth prospects of the RE sector in India, the challenges, and plans

Plummeting RE tariffs edge out small players even as bigger ones expand biz

The sharp drop in renewable energy tariffs is encouraging smaller players to exit even as larger ones look to innovative financing methods to expand their portfolios

Has India clinched the manufacturing deal?

The scheme to offer cash incentives for local manufacturing of solar equipment as well as batteries may require a few iterations to really click, or it may fly in the first round of bidding itself

Carbon emissions: ReNew Power set to become a Net Zero company by 2050

The company said this aligns with the 'Race To Zero' campaign, a global alliance committed to achieving net zero carbon emissions