Page 15 - Renewable Energy

Jindal India Renewable Energy gets LoA for 300 MW solar project from NHPC

Jindal India Renewable Energy on Monday said it has secured a Letter of Acceptance for a 300 MW solar plus storage project from state-owned NHPC. The project is to be executed on a Build-Own-Operate (BOO) basis within 24 months from the signing of the Power Purchase Agreement (PPA), the company said in a statement. The project is part of NHPC's 1200 MW inter-state transmission system-connected solar power projects tender with 600 MW/1200 MW energy storage systems. An Energy Storage System (ESS) of 600 MW/1200 MW means 600 MW of battery energy can provide power backup for two hours, giving a total output of 1200 MW, it said. Jindal India Renewable Energy (JIRE) has bagged the 300 MW capacity at a tariff of Rs 3.09/kWh (kilowatt hour). NHPC will enter into an agreement with JIRE for a period of 25 years. The Navratna company will purchase solar power from JIRE and sell it to state utilities and others. JIRE is part of the BC Jindal Group which has over the period grown from a steel

Solar flare: How simple fixes can turn PMSGMBY into a game changer

With summers growing hotter, there is an urgent need for India to lower its dependence on thermal power

India's 2030 renewable energy target ambitious, says Climate Group CEO

India has realised in recent years that economic growth does not have to rely on high carbon emissions and its solar mission and 2030 renewable energy target are highly ambitious, said Helen Clarkson, Chief Executive Officer of the international non-profit Climate Group. The Climate Group hosts Climate Week NYC, a leading global climate event which brings together leaders from the world of business, technology, politics, academia and civil society. Talking to PTI, Clarkson also said that while India has a net-zero target (balancing emissions with removals) for 2070, there is a need for greater ambition. She suggested that India should align with other countries in moving its net-zero goal forward. "We would like to see more ambition from India. It's been very clear that it has got its Nationally Determined Contributions, but it is talking about net zero by 2070. We would like to see that come forward and align with other countries," she said. Countries are required to submit their

Coca-Cola bottler Ladhani Group's SLMG Beverages eyes overseas expansion

Ladhani Group-owned company plans to double its revenue to Rs 20,000 crore by FY31

BP seeks to sell 50% of solar unit to strategic partner, bids due in June

London-listed BP is planning asset sales and partnerships as part of a broader plan to address investor concerns. The energy group wants to cut costs and improve its return on investments

Rooftop installations under PM Surya Ghar cross 1 mn mark: Pralhad Joshi

Over 1 million households have been solarised under the PM Surya Ghar: Muft Bijli Yojana so far, Union Minister for New and Renewable Energy Pralhad Joshi said on Tuesday. The PM Surya Ghar: Muft Bijli Yojana is the world's largest domestic rooftop solar initiative, transforming India's energy landscape with a vision to supply solar power to one crore households by March 2027. "India achieves a historic milestone in solar energy! Under the visionary leadership of PM @narendramodi ji, the @PMSuryaGhar Muft Bijli Yojana has empowered 10 lakh homes with solar energy, driving a new era of sustainability, affordability, and self-reliance," Joshi said in a post on X. As per MNRE, as of March 10, 10.09 lakh installations have been completed across the country. Launched by Prime Minister Narendra Modi in February 2024 with a budget outlay of Rs 75,021 crore, the initiative aims to provide free electricity to households by facilitating the installation of rooftop solar panels. The scheme,

CleanMax, Osaka Gas form joint venture for India's green transition

The newly formed entity, CleanMax Osaka Gas Renewable Energy (CORE), will focus on wind-solar hybrid solutions, starting with a 400-megawatt (MW) portfolio in Karnataka

Tata Power arm set to invest Rs 49K cr in RE projects in Andhra Pradesh

This partnership aligns with the state's vision to enhance its renewable energy portfolio and accelerate the transition towards a sustainable and green energy future

Trump uncertainty will not affect investment in India: ReNew CEO Sinha

'We have installations of about 6 Gw in solar and 5 Gw in wind energy, and a pipeline of 15 Gw,' said Sumant Sinha, chairman and chief executive officer of ReNew

60 Gw worth of renewable energy projects face connectivity troubles

Delay in transmission connectivity, expiry of ISTS waiver looming fears for the industry

Best of BS Opinion: India needs to recalibrate in a changing world order

Today's editorials and columns look at the world through the lens of relationships, and how they don't always turn out as intended

Onix Renewable plans Rs 1,000 cr IPO, targets Rs 10,000 cr valuation

Promoters will dilute 10 per cent of their stake, bringing their post-listing holding to 62 per cent. Discussions with investment bankers are currently underway

Localising supply chains needed for long-term success, say RE leaders

Ultra large projects and rising domestic production to replace traditional power in near future

India's renewable energy leaders call for localisation to sustain growth

Localisation of supply chains and talent development are key to making India's renewable energy sector self-reliant and globally competitive, industry experts stress at BS Manthan

India’s renewable energy leaders call for localisation to sustain growth

India’s renewable energy leaders call for localisation to sustain growth

BP turns back to fossils, to increase annual oil, gas investment to $10 bn

The oil major slashed planned annual investment in transition businesses by more than $5 billion than its previous forecast, to between $1.5 billion and $2 billion per year

BS Manthan: Can India emerge as a global leader in renewable energy?

Can India become a global renewable energy hub with major investments in solar, wind, and green hydrogen? Experts set to discuss the roadmap at BS Manthan 2025

Micromax makes foray into renewable energy space with Startup Energy

Home-grown consumer electronics brand Micromax Informatics on Wednesday announced its foray into renewable energy segment with the launch of Startup Energy. This new venture aims to revolutionize solar panel manufacturing in India, driving the widespread adoption of sustainable energy and supporting the country's ambitious clean energy mission, a company statement said. As the world accelerates its transition to clean energy, Startup Energy is poised to play a pivotal role in India's renewable energy revolution, it added. The company will focus on producing high-efficiency solar panels for residential, commercial, and industrial applications, ensuring affordable and scalable solar power solutions across the country. "Our goal is to make clean energy more accessible, reliable, and cost-effective, ensuring that individuals and businesses alike can benefit from sustainable power solutions," Rajesh Agarwal, Managing Director, Micromax Informatics said. As part of this expansion, Micro

Centre mulls $1 billion subsidy plan to boost solar manufacturing industry

The plan has the backing of the top advisers in Prime Minister Narendra Modi's office and is expected to be presented to the cabinet for approval in the next few months, they said

Gensol Engineering to sell US arm Scorpius Trackers for Rs 350 cr

Gensol Engineering on Tuesday said it has inked a pact for sale of its US subsidiary Scorpius Trackers Inc for Rs 350 crore to a major renewable energy solutions provider in the US. The deal includes the transfer of exclusive and global intellectual property (IP) rights (except India) for Scorpius Trackers' advanced solar tracking technology, the company said in a statement. According to the statement, Gensol Engineering -- a leading player in India's renewable energy sector -- has signed a non-binding term sheet for a Rs 350 crore strategic transaction involving the sale of its US subsidiary, Scorpius Trackers Inc, to a major renewable energy solutions provider in the US. This transaction underscores Gensol's strategy to monetise high-value assets, unlock capital from its subsidiaries, and reinvest in its core growth areas, strengthening the company's financial position, it said. The deal will be completed in two tranches, with full closure expected by March 2026, subject to due .