Page 8 - Renewable Energy Sector

Tata Power to skill 3,000 youths to work in renewable energy sector

Tata Power on Friday said it will give training to 3,000 youths this fiscal in the field of renewable industry. The company aims to train a total of 5,000 youths by 2025 to work in the sector, Tata Power said in a statement. "Tata Power Skill Development Institute ( TPSDI) has so far trained 1.4 lakh people across its courses both conventional and renewable energy technology. It is expanding its training initiatives to equip youth with skills for green energy jobs. The institute has planned to train around 3,000 youths in FY23 and around 5,000 by 2025," it said. The training will be offered in solar photovoltaic for electric vehicle charging, installation and maintenance of rooftop solar photovoltaic, installation of smart meters, and home automation to promote smart and efficient energy related expertise across its six training centres at Shahad, Trombay, Vidyavihar, Maithon, Mundra, and Jojobera. "India is making significant strides toward achieving its clean energy goals and ...

Morgan Stanley-backed Continuum Green Energy raises $350 mn via bonds

Continuum Green Energy, a renewable energy platform, on Wednesday said it has raised USD 350 million (about Rs 2,786 crore) in debt through a bond issue to expand its solar hybrid and wind projects. The company, which has a portfolio of 1.3 GW of assets either operational or nearing commissioning, issued senior secured floating rate notes to two marquee international institutional investors, as per an official statement. "With these funds, the company aims to expand its portfolio to 2.5 GW, majority of which as wind and solar hybrid projects, servicing Commercial and Industrial (C&I) consumers, enabling them to meet their sustainability goals economically," its founder and chief executive Arvind Bansal said. Continuum is majority-owned by a global infrastructure fund managed by Morgan Stanley Infrastructure Partners, and has 1.2 GW of projects for near term construction, as per the statement. It can raise an additional USD 50 million on fulfilment of certain conditions, it ...

India needs Rs 4-trn investment for 113 GW RE projects in pipeline: Report

According to the report titled 'Accelerating India's Clean Energy Transition', about 103 GW of utility-scale renewable power generation projects are in the pipeline in India

Financial health of discoms hurdle for renewable energy sector: Moody's

The payment delays to the state-owned distribution companies are common, leading to a build-up of receivables from off-takers and an increase in working capital debt for renewable energy companies

Boost to green corridors: Rs 41,369-cr transmission projects on offer soon

With these, RE connectivity and private participation will get a fillip

How renewable energy became price-competitive with conventional power

Solar power resources are more evenly distributed. Yet, most solar capacity addition is seen in the states already rich in windpower

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

World still falls short of ensuring equitable access to energy: Report

During the last decade, a greater share of the global population gained access to electricity than ever before, but the number of people without electricity in Sub-Saharan Africa actually increased

PLI scheme, basic customs duty: Only flickering benefits for solar power

A production-linked incentive scheme and possible basic customs duty will have a limited impact in encouraging domestic solar equipment manufacture

Adani Green Energy arm get letter of award for 300 MW wind project

Adani Green Energy (AGEL) on Monday said that its arm has received a letter of award for 300 MW wind power project under a tender of Solar Energy Corporation of India

India to levy 40% duty on solar equipment imports from next year

India is planning to expand its renewable power capacity fivefold to 450 gigawatts by 2030

Indian renewable firms underperformed but credit quality intact: Moody's

Moody's said India's renewable energy sector grew by 20% in the last five years

Goldman-backed ReNew Power to list on NASDAQ at $8 billion valuation

To partner with RMG Acquisition Corporation for private investment in public equity

Adani energy business joins top-20 global club on massive renewables thrust

Total valuation now touches $31 billion (Rs 2.32 trillion); Nextera Energy of the US and Enel of Italy top the global list with $151 billion and $103 billion, respectively

ITC pledges to meet 100% grid electricity needs from renewables by 2030

Firm has been expanding its renewable footprint over past two decades, meets 40% of its electricity needs from wind, solar and biomass; Its investment in renewable assets is about Rs 1,000 cr

NIIF to hold majority stake in CDC's Ayana Renewable after fresh infusion

CDC will put in $70 million as addl equity, NIIF $284 million and GGEF $36 million. The commitment is subject to final approval processes

Renewable energy sector continues to attract investors, shows report

The renewable energy sector continued to attract investors this year, though capital spending is likely to decline, according to a report.

KKR launches platform to acquire renewable energy assets in India

Virescent would manage renewable energy assets and KKR's Infrastructure Fund would make the investments.

ReNew Power's $325 mn offshore bond issuance oversubscribed six times

Company executives said this was also the cheapest bond offering by a renewable firm. The bonds were initially priced at 5.875%. When the rate was reduced to 5.375%, investors continued to book

Renewable sector in India attracts $10-20 bn of investment: IEEFA

Policy-related headwinds and a collapse in electricity demand due to the Covid-19 crisis have disrupted India's renewable energy capacity tendering and commissioning process