Page 3 - Renewable Energy

India adds record 20.1 GW renewable capacity in Apr-Aug, 123% jump YoY

India added 20.1 GW renewable capacity in April-August FY26, a 123 per cent rise from last year, with ICRA projecting over 35 GW additions this fiscal supported by strong demand

Backlog of PPAs getting streamlined, says Hero Future Energies CEO

For developer, there are pros and cons of integrating upwards into equipment manufacturing. The critical thing here is that India is now developing an ecosystem for solar module manufacturing capacity

Backlog of PPAs getting streamlined, says Hero Future Energies CEO

For developer, there are pros and cons of integrating upwards into equipment manufacturing. The critical thing here is that India is now developing an ecosystem for solar module manufacturing capacity

IGL adds 3.7 lakh PNG connections, posts ₹1,468 crore PAT in FY25

Indraprastha Gas Ltd added 3.7 lakh PNG connections and 72 CNG stations in 2024-25, taking domestic PNG users past 3 million and posting Rs 1,468 crore profit after tax

India may attract $100 bn investments in green hydrogen by 2030: Joshi

India targets 5 MTPA green hydrogen by 2030, eyeing $100 bn investment and 600,000 jobs, as renewables surge and the nation aims to be a global hydrogen hub

NTPC-SAIL JV commissions Chhattisgarh's first floating solar power project

NTPC-SAIL commissions Chhattisgarh's first floating solar power project at Bhilai, boosting green energy, reducing carbon emissions, and conserving resources

Anand Rathi bullish on 2 solar stocks; eyes up to 33% upside: Here's why

Against this backdrop of sector tailwinds and resilient profitability, the brokerage has initiated coverage on Premier Energies with a Buy recommendation

Digging deep: India's geothermal policy should be pursued with care

India's geothermal endowment is significant, though its share in the energy mix remains negligible

Govt revises India's solar potential to 3,343 GW from 2014's 749 GW

India's revised solar potential now stands at 3,343 GW with Rajasthan, Maharashtra and Gujarat contributing nearly half, while floating solar could add another 700 GW

ACME Solar secures ₹1,100 cr SBI funding for 300 MW project in Rajasthan

ACME Solar Holdings on Tuesday said it has raised Rs 1,100 crore in domestic funding from the State Bank of India for its 300 MW renewable energy project in Rajasthan. The funds will be utilised to refinance the existing debt and reduce financing cost by around 100 bps for the Rajasthan project. This refinancing has been secured from the State Bank of India (SBI) for a tenure of approximately 17 years. ACME Solar Holdings said the refinancing is consistent with the company's strategy to optimize financing costs across its portfolio and strengthen its credit profile through rating upgrades. The 300 MW renewable energy project in Rajasthan has an operational track record of about six months and has consistently maintained optimum capacity utilization factor (CUF) levels. The reduced cost of debt enables ACME Solar to strengthen its financial position further as it pursues significant capacity growth over the next few years. ACME Solar Holdings is an integrated renewable energy play

Govt working on ALMM for solar inverters to boost domestic industry

Pralhad Joshi said the government will introduce an ALMM for solar inverters, expanding the approved list mechanism beyond modules and cells to strengthen India's solar value chain

GST cut to save investors up to ₹1.5 trn in renewable sector: Pralhad Joshi

GST reduction on renewable energy will save up to Rs 1.5 lakh crore for investors till 2030, Union Minister Pralhad Joshi said on Monday. The comments from the Union New & Renewable Energy Minister assume significance as Monday is the first day of implementation of the Goods and Services Tax reduction. In a bonanza to consumers, the GST Council, comprising the Centre and states, decided to reduce tax rates on goods and services, from September 22 -- the first day of Navratri. The GST cut will give a significant boost to India's ambitious target of having 500 GW of renewable energy by 2030. Talking to reporters on the sidelines of the CII 6th International Energy Conference, Joshi said, "I thank Prime Minister Narendra Modi for cutting GST on renewable equipment from 18 per cent to 5 per cent, especially on the occasion of the Navratri festival." He further said this will save Rs one lakh crore to Rs 1.5 lakh crore for investors till 2030. According to the Ministry of New & ...

JSW Energy to acquire Tidong Power from Norway firm for ₹1.7K crore

JSW Energy will acquire Tidong Hydro Project from Statkraft for ₹1,728 crore, boosting its hydro portfolio to 1.8 GW and reinforcing its clean energy expansion strategy

SDGs should take priority over climate targets, says CEA Nageswaran

India's Chief Economic Adviser Anantha Nageswaran has warned that India's climate goals must not undercut its economic aspirations

GST cut to reduce farmers' solar pump costs by ₹1,750 cr annually: Joshi

Pralhad Joshi said GST rationalisation on renewable energy devices will lower solar pump costs for farmers by Rs 1,750 crore annually under schemes like PM-KUSUM

Basic issues in discoms must be addressed to root out persistent problems

Discom losses and distorted tariffs threaten India's power reforms; a consensus on cost-reflective pricing and transparent subsidies is crucial for sustainable growth

Govt clears 5 projects under new geothermal energy policy, eyes subsidies

The government has cleared five geothermal energy projects under its first policy, with potential subsidy support and global collaborations to boost clean energy development

KPI Green Energy to raise $363 million from SBI, says CFO Salim Yahoo

The loan approval comes amid the Indian government's green energy push targeting 500 gigawatts of non-fossil capacity by 2030

Suzlon bags 838 MW project order from Tata Power Renewable Energy

Suzlon Group on Tuesday said it has secured an 838 MW order from Tata Power Renewable Energy, the largest order of this fiscal year, as part of its firm and dispatchable renewable energy project. This is also Suzlon's second-largest order ever, following the 1,544 MW order from NTPC Green Energy, and demonstrates the growing role of FDRE projects in accelerating India's energy transition, a company statement said. The 838 MW project will comprise 266 of Suzlon's S144 wind turbines, each with a rated capacity of 3.15 MW, strategically located across Karnataka (302 MW), Maharashtra (271 MW), and Tamil Nadu (265 MW). The project is part of the FDRE bids awarded to SJVN and NTPC. "As Tata Power Renewable Energy embarks on a strategic transformation to achieve 100% clean power by 2045, we're proud to support this ambitious journey with our advanced, 'Made in India' wind technology. Our partnership, spanning over a decade and marked by the third repeat order, underscores our shared ...

IEC chief calls for fivefold jump in renewable energy capacity by 2030

The world needs to increase renewable energy capacity fivefold to 11,000 gigawatts by 2030, the head of the International Electrotechnical Commission said on Monday, as experts from over 100 countries gathered in India to set global electrical standards. "A solar panel manufactured to international standards in one country must perform reliably in another, and grid interconnections must follow universal protocols -- this shared technical language is how we build a sustainable future together," IEC President Jo Cops said at the inauguration of the commission's 89th General Meeting in New Delhi. Consumer Affairs Secretary Nidhi Khare described the gathering as an "extraordinary convergence of technical brilliance, policy wisdom and institutional leadership" that represents a "historic occasion" for shaping the technological future. India has evolved from being a participant to holding the IEC Vice Presidency and actively participating in 121 technical committees, with observer status