Page 8 - Renewable Energy Sector

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

International Solar Alliance signs MoUs with NTPC, MNRE and World Bank

Ministry of New and Renewable Energy along with World Bank will design the plan for implementing 'One Solar One World and One Grid'; NTPC will implement the solar projects in 47 ISA member countries

Covid-hit 39 Gw renewable energy projects stare at delays, cancellations

175 Gw target under threat as project developers, states shy away

Focus back on growth with 800 Mw commissioned: Sembcorp Energy's Vipul Tuli

In an interview with Jyoti Mukul & Shreya Jai, Managing Director Vipul Tuli discusses the future of renewable power in India

Sovereign rating downgrade poses risk for India's green energy investors

Earlier this month, Moody's cut the country's sovereign credit rating by a notch to the lowest investment grade with negative outlook

Adani Green Energy wins world's biggest solar bid of Rs 45,000 crore

Becomes India's largest clean energy firm; to set up 8-Gw power plant

Adani wins world's largest solar project order; to invest Rs 45,000 cr

The first 2 GW of generation capacity will start by 2022, with the rest installed in 2-GW annual increments through 2025, Adani said

MNRE urges states to set up renewable energy equipment parks to meet demand

The ministry has also got in touch with trade commissioners and representatives of various countries and invited them to invest in this promising sector in India

Rate woes of renewable energy firms may stress NBFC books further: Icra

Infrastructure finance companies might have to brace for additional pressure on asset quality from exposure to renewable energy (RE) projects, which face rate risks. These non-bank finance companies (NBFCs) are already affected by the slow resolution of their stressed thermal energy assets, according to rating agency ICRA. The segment's total exposure to the RE segment was pegged at Rs 90,000 crore at end-September. The trajectory of total infrastructure credit in India (from banks and infra NBFCs) had flattened in the six months ended September 2019, the first half (or H1) of financial year 2019-20. hile infrastructure credit grew 19 per cent in 2018-19, to Rs 21.1 trillion, it rose only marginally to Rs 21.2 trillion in H1 of 2019-20.The uncertainty regarding rates in some southern states has led to rating downgrades for power companies that have raised money from lenders. The ratio of the number of upgrades to the number of downgrades in the power sector declined to less than one ..

Power Exchange bets on renewable energy; to focus on revival of REC market

PXIL faced financial crisis in 2017 when its net worth eroded and promoters of NSE and NCDEX wanted to shut it down prior to NSE's proposed initial public offering (IPO)

Two hurdles in the transition from coal-based power to renewable energy

A fine balance is needed between the two sources of electricity in order to enable the wider use of renewables

Green shoots: State-run banks, NBFCs tilt towards renewable energy projects

The second of a three-part series on credit pick-up looks at renewable energy sector, which is facing issues like cancellation of projects and grid curtailment

Sanctity of contracts is key for Indian renewable projects: FMO CEO

Peter van Mierlo says the Dutch development finance institution is in India for the long term and is unperturbed by the current slowdown, which he says is temporary in any case

Renewable power firms stare at bleak cash flows, defaults in Andhra Pradesh

Sector executives said that the unpaid dues total up to Rs 7,000 crore for the past year

Why India's solar push could kill the livelihood of pastoral communities

Experts working on just transition to renewable energy believe that specific laws are needed to protect these communities