Page 11 - Renewable Energy Policy

Amplus Solar to set up 200 MWp wind, solar hybrid project at Tuticorin

Clean energy solutions provider Amplus Solar on Friday announced an association with EverRenew, an NTC group company, to set up a 200 MWp open-access solar power plant at Tuticorin, in Tamil Nadu. The 200MWp plant is expected to generate approximately 450 million units of green electricity in the first year of its operation itself, a company statement stated. The wind-solar hybrid plant in Tamil Nadu is Amplus' second open-access project in the state, it said. "We are happy to set up our first wind and solar hybrid with an experienced partner, EverRenew, in the state. "Wind-solar hybrids have vast potential in enhancing grid stability, and we look forward to setting up more such projects across the country in the coming years," Sharad Pungalia, MD and CEO of Amplus Solar, said. The hybrid plant will combine the power from co-located solar panels and wind turbines to produce an uninterrupted supply of green energy for commercial and industrial consumers in the state. Amplus Solar

Direct tax collection in FY23 likely to top govt's Revised Estimates

Until February, net direct tax collection stood at Rs 13 trillion

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

Mines ministry in process of identifying mineral blocks in sea: Secretary

The government is in the process of identifying mineral blocks like nickel in the sea and would gradually put them on sale, mines secretary Vivek Bharadwaj said on Friday. The mines ministry is amending the Offshore Areas Mineral (Development and Regulation) Act, 2002 and has sought the stakeholders' views on the same. "Because the critical minerals are becoming even more critical, there is this thought that why are we not mining in the oceans...Unfortunately we have not been able to mine the oceans. Now we are amending the Act. It is in public domain, open for comments for the industry, the stakeholders," the mines secretary said during Metal & Metallurgy Expo-2023 organised by CII. The ministry, he said, is in the process of identifying these blocks in the sea and as there are no stakes in there, the auction will be done by the government of India. "That will also be a huge opportunity for industry, a totally new area of operations," he explained. Critical minerals such as ...

RBI may consider priority sector status to green hydrogen projects

The Department of Financial Services on Friday held a meeting, seeking suggestions for easing of financing provisions for the projects being taken up under the National Green Hydrogen Financing

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

India set to blacklist renewable power generation companies for delays

-India will blacklist renewable power companies for three-to-five years if they do not meet project completion deadlines, a government order seen by Reuters shows

India adopting environment-friendly development model: Sultan Al Jaber

President-designate for COP28 UAE Sultan Al Jaber on Tuesday made the case for a pro-growth, pro-climate agenda to support an inclusive energy transition that leaves no one behind.

India's non-fossil power generation touches 174 GW in 2022: R K Singh

India's non-fossil fuel-based power generation capacity was at 174.53 gigawatt (GW) at the end of December 31, 2022, Parliament was informed on Tuesday. The country's total power generation capacity, including 235.81 GW from the thermal base, was at 410 GW at the end of 2022, Minister for Power, New and Renewable Energy R K Singh said in a written reply to the Rajya Sabha. "So far, a total of 174.53 GW power generation capacity from non-fossil fuel-based energy resources has been installed in the country as on 31.12.2022," he said. The capacity includes 63.30 GW solar power, 46.85 GW large hydro, 41.93 GW wind power, 10.73 GW bio power, 4.94 GW small hydro power and 6.78 GW nuclear power. In another reply, the minister said 2,97,609 million units (MU) energy from various sources of renewable energy in the April-December period of 2022-23. At 1,37,903 MU, large hydro projects alone contributed 46.3 per cent to the total renewable energy generation during the said period, followed b

Renewables, hydrogen to make India world's third largest economy: PM Modi

Prime Minister Narendra Modi on Monday laid out his vision of making India the world's third-largest economy with a focus on renewable energy, biofuels and hydrogen as he pivots a roadmap to cut reliance on imported oil and gas. Modi met top oil and gas industry leaders for the annual brainstorming to discuss ideas and initiatives to put India on a sustainable growth path, sources aware of the matter said. The meeting on the sidelines of the India Energy Week here saw the Prime Minister outline his vision to make India the world's third-largest economy from the current fifth-largest. For this, the fuel needed should come from renewables, biofuels and hydrogen. Sources said at the meeting Modi spoke of using 100 per cent renewable energy and increasing blends of ethanol and biofuels in traditional fuels. Also, he talked about making India the world's largest hydrogen-producing nation. Hydrogen is the cleanest known fuel which on burning emits only water and oxygen. Sources said he

India Energy Week: PM Modi seeks more investments in oil & gas, refineries

Launches E20 fuel (petrol blended with 20% ethanol) two years before target

India to focus on green initiatives to project soft power at G20: Expert

India, the world's third-largest producer of renewable energies, will look to project its soft power through its green initiatives during G20 Presidency, writes Olivier Guillard for French publication

Renewable energy sector to boom as investments may cross $25 bn in 2023

With an oil price shock threatening to derail economies globally, the focus has shifted to renewable energy with over USD 25 billion or Rs 2 lakh crore investment planned in India for using sunlight, water and air to produce energy. Oil and gas prices shooting through the roof in 2022 in the aftermath of Russia's war in Ukraine sent governments in import-dependent nations like India scrambling for options. Not just imports but a shift to renewables is also seen as a way to cut carbon footprint and meet net-zero targets. And so the government in 2022 aggressively pushed for the adoption of electric vehicles, the production of green hydrogen, manufacturing of solar equipment and energy storage in pursuit of its ambitious 500 GW renewable capacity target by 2030. India would have to add at least 25GW of renewable energy capacity per annum for eight years continuously to achieve the 500 GW target by 2030. At present, India has around 173GW of non-fossil fuel based clean energy capacity

Rs 2.44-trn plan for 500-Gw renewable energy transmission launched

Liberty to Renewable project developers to sell on Exchanges till Transmission comes up: Power Minister

Five changes that can help India reach its green energy goal faster

Experts say India will need systemic changes in policy and electricity infrastructure to quickly ramp up its renewable energy capacity

Spotlight on innovation in non-solar areas in emerging green energy sector

Businesses built on renewable infrastructure are gaining traction but banks are still figuring out ways to finance them

Greenko plans to raise up to $4.5 billion for renewable energy projects

Sources said Greenko Group had 7.5 gigawatt (Gw) of installed capacity across solar, wind and hydropower generation assets in 15 states in India

Government weighs cancelling reverse auction for renewable power offers

According to data from the ministry of power, India has installed wind and solar capacities of 41.205 GW and 59.303 GW, respectively

India committed to cut emissions intensity of GDP by 45%: Power Minister

Power Minister RK Singh said that India is committed to reduce the emissions intensity of its GDP by 45% by 2030 and achieve 50% cumulative electric power installed capacity from non-fossil sources

Green hydrogen: India Inc's next big thing even as policies take shape

Undeterred by the absence of policy or supply chain, conglomerates, and RE companies are investing heavily in this new fuel.