Page 6 - Renewable Energy Sector

Renewable energy firm Goldi Solar forays into power backup solutions biz

Renewable energy player Goldi Solar on Thursday announced its foray into power backup solutions business with the launch of its VAMA On-grid range of inverters. The Gujarat-based company is in the process of expanding its module manufacturing capacity to 6 gigawatt from 2.5 gigawatt (GW) at an investment of Rs 5,000 crore. In a statement on Thursday, Goldi Solar said, "It has forayed into the smart inverter business and launched VAMA On-grid range of smart string inverters. The inverter range is available in single-phase and three-phase variants designed specifically for on-grid applications". On-grid inverters are systems that convert solar power DC into the main power supply. Goldi Solar founder and Managing Director Ishver Dholakiya said the company targets a sizable share of residential, commercial and industrial segments in India over the next two-three years with the latest product. "This technology used in VAMA increases surface area for heat transfer and enhances product .

EU mechanism to track carbon intensive imports is an opportunity for India

Indian industry has made commendable progress in becoming energy efficient and less carbon intensive

R K Singh urges women to increase participation in renewable energy sector

Union Power and New & Renewable Energy Minister R K Singh has exhorted women to increase participation in the renewable energy sector and steer the country's transition towards net zero emissions. Speaking at a conference on 'Women in Renewable Energy: A Dialogue on Policy, Technology, Skilling, and Finance' on Monday, Singh mentioned India's key achievements in the renewable energy sector and stated that the country's actions are in line with commitments made in the Paris Agreement to limit the temperature increase to well below 2C above pre-industrial levels. As per a statement issued by the Ministry of New and Renewable Energy, Singh exhorted women to increase participation in the renewable energy sector and steer India's transition towards net zero emission. Highlighting the role of women in combating climate change, he emphasized the significance of developing women-centric policies and implementation frameworks in the renewable energy sector. Singh recognised how women are ..

National Electricity Plan: Coal to fall behind renewables by 2032

Power generation capacity likely to touch 900 Gw

National electricity plan: Rs 33.60 trn needed for power generation

Central Electricity Authority has outlined the National Electricity Plan for 2022-2032, emphasising renewable energy growth and the funds required for power generation and storage capacity

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

Vibrant Energy appoints Anirban Das as its Chief Investment Officer

Renewable energy solutions provider Vibrant Energy on Thursday announced the appointment of Anirban Das as its Chief Investment Officer. Vibrant Energy has announced the appointment of Anirban Das as the Chief Investment Officer (CIO) of the company, a statement said. Vibrant Energy is a portfolio company of Macquarie Asset Management's Green Investment Group (MAM-GIG) with a mission to lead the decarbonisation initiatives for corporate renewable energy customers and help them to attain a more sustainable, resilient, and low-cost energy future. In this role, Anirban will work closely with Srinivasan Viswanathan, CEO, leading all fund raising and investment activities across the capital stack for Vibrant, it stated. Anirban, an MBA from IIM Ahmedabad, brings with him a rich experience of more than USD 2.5 billion of infrastructure debt funding in India. Headquartered in Singapore and Hyderabad, Vibrant is operating and delivering more than 2GW of renewable energy solutions for ...

No plans to extend ALMM for renewable energy player, says official

There are no plans to further extend the Approved List of Models and Manufacturers (ALMM) of solar photovoltaic modules at the moment, a senior government official said on Wednesday. Lalit Bohra, Joint Secretary at the Ministry of New and Renewable Energy (MNRE), has made the remarks at the annual 'Mercom India Renewables Summit 2023' in the national capital. Replying to a question on plans of extension to the ALMM, he said: "ALMM was only deferred for a year. As of now, we are very clear we are not extending it". The government earlier extended the ALMM by one year till March 2024 amid industry raising concerns over raw material availability and supply chain. ALMM was introduced to boost domestic manufacturing. The official further said that "the ministry on a regular basis keeps on interacting with industry stakeholders and actively addresses their issues with respect to projects". On a question related to include the ancillary and downstream industry under the production-linke

SCO will help amplify fight against food, energy security challenges: India

India on Wednesday said that with the world facing challenges of a "looming economic recession", a closer cooperation amongst the Shanghai Cooperation Organisation (SCO) members will play a pivotal role in combating challenges such as food and energy security. Speaking at the 19th meeting of the Shanghai Cooperation Organisation Interbank Consortium (SCO IBC), Vivek Joshi, Union Secretary for Department of Financial Services, also said that India has been contributing to mitigate the challenges of food and energy security. Today, when the world is facing challenges of a looming economic recession, a closer cooperation among SCO Member States shall play a pivotal role in combating global challenges such as food and energy security concerns, he said. As part of India's contribution to mitigating these challenges, India's Prime Minister has launched the global Mission 'LIFE' which stands for Lifestyle for Environment. LIFE envisions replacing the prevalent use-and-dispose economy, ...

RE players discuss ways to strengthen supply chain network: Mercom India

Over 300 experts from the power and renewable energy industry will gather in the national capital to explore business opportunities and measures to boost supply chain systems in the sector at a two-day summit beginning Wednesday. The participants will also discuss ways to reduce their energy costs amid the government's push towards use of renewable energy, Mercom India said in a statement. The discussions will be part of the annual 'Mercom India Renewables Summit 2023' which begins on April 26, 2020. "Over 300 players have confirmed their participation. The players will explore growth opportunities as India moves towards clean sources, strengthening local supply chains system, reducing input cost," Mercom India's Managing Director Priyadarshini Sanjay said in the statement. The event will also see participation from overseas players who are keen to explore the domestic solar and power industry to expand their presence, she said. The experts will discuss the changing landscape of .

Corporates hopeful for green hydrogen; may pump Rs 16 trillion in 10 years

Industry experts have said that it will take a combination of technological advancements and regulatory support to boost the cost-effectiveness and viability of green hydrogen in the country

$50-bn market opportunity for RE-powered livelihood appliances: Report

A USD 50-billion market opportunity exists for clean energypowered livelihood appliances to boost India's rural economy, especially among women, according to a report. In India, more than 75 per cent of all female workers are employed in agriculture and agri-allied industries such as food processing and livestock. With the help of decentralised renewable energy (DRE) technologies which are capable of mitigating intermittent electricity problems and introducing mechanisation, the rural women will be able to improve their productivity, according to the 'Unlocking Sustainable Livelihood Opportunities for Rural Women' report conducted by the Powering Livelihoods -- a CEEW and Villgro initiative. The report showcases several models to mainstream women in tech-enabled livelihood opportunities using distributed renewable energy-powered technologies as a case study. "Powering Livelihoods has helped more than 13,000 end-users using programme-supported DRE livelihood technologies, out of whi

Govt allows agencies to extend commissioning date of solar, hybrid projects

In a bid to provide relief to renewable energy players, the government has allowed the implementing agencies to extend the commissioning date of solar PV and solar PV-wind hybrid power projects till March 31, 2024. "Solar PV power developers/associations have represented to MNRE that there is a supply chain disruption in the solar PV sector and have requested appropriate reliefs to tackle the same," the Ministry of New and Renewable Energy (MNRE) said in a notification on Thursday. "This issue has been examined in the Ministry and it has been decided that implementing agencies SECI/NTPC/NHPC may extend the scheduled commissioning date (SCD) till 31.03.2024 and commensurately extend other associated intermediate milestones of such solar PV/Solar PV-wind hybrid power projects, wherein the last date of bid submission was on or after 10.04.2021 and whose SCD, including time-extensions, already granted, if any, is before 31.03.2024, and who wish to avail such time-extension," it said. Th

RE firms may use rupee loans to refinance $3 bn overseas green bonds

Costly overseas funds forcing them to tap domestic sources

Uttar Pradesh sets a target of Rs 40,000 cr investments in energy sector

The steep proliferation in the state energy demand is attributed to the projected setting up of new industries and manufacturing plants over the next five years

IIT Madras generates power from sea waves, aims to go commercial by 2024

Innovation may help India achieve climate change-related goal of generating 500 Gw of renewable energy by 2030

TN eyes key role in offshore wind energy, may mop up $30 bn investments

According to govt estimates, 14 locations have been identified in the state, with potential to generate 25 Gw of wind energy

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

Sembcorp to acquire Vector Green for Rs 2,780 cr, expand India presence

Sembcorp Industries will acquire Vector Green Energy for Rs 2,780 crore to expand its renewable energy footprint in India to 3 gigawatts (GW), the company said on Sunday. The completion of the acquisition will bring the Singapore-based group's gross renewable energy capacity to 8.5 GW, closer to its 2025 target of 10 GW of gross installed renewable capacity. "Sembcorp Industries (Sembcorp) announces that its wholly-owned subsidiary, Sembcorp Green Infra Limited, has signed an agreement with India Infrastructure Fund II, a fund managed by Global Infrastructure Partners India Pvt Ltd, to acquire 100 per cent interest in Vector Green Energy Private Limited (Vector Green) for a base equity consideration of approximately Rs 2,780 crore," it said in a statement. Vector Green is an independent power producer with renewable power generation assets across 13 Indian states. The portfolio includes 495 megawatts (MW) of solar capacity and 24 MW of wind capacity in operation, with 64 MW of solar

JSW Energy likely to close Rs 10,530-cr Mytrah acquisition by December-end

The deal, announced in August, is JSW Energy's largest till date; will take the firm's operational generation capacity to 6.5 Gw from 4.8 Gw now, and accelerate its plans to achieve 10 Gw by FY25