Page 42 - Renewable Energy

Industry body WIPPA suggests 4 measures to boost wind energy progress

Industry body WIPPA on Friday suggested four measures to boost progress in the wind energy sector. "At the central government, we request the implementation of the four policies implementation of the bidding plan, ISTS (inter-state transmission system) open access, fixing the missing links in LPS (late payment surcharge) and greater facilitation of offshore wind bids," Wind Independent Power Producers Association (WIPPA) president Parag Sharma said in a statement. The body, with the support of the Ministry of New and Renewable Energy (MNRE), will organise an event on Sunday to increase awareness of wind energy ahead of the Global Wind Day on June 15, the statement said. Global Wind Day run here on June 11, 2023, will highlight the MNRE and WIPPA's role in reviving India's wind sector. Global Wind Day Conference 2023 was also organised in Pune on Thursday. Dinesh Dayanand Jagdale, Joint Secretary at MNRE, expressed satisfaction at adding gigawatts on the ground now, and at the ...

Kerala can save Rs 9k cr in 5 yrs if it switches to 100% renewable energy

Kerala can save Rs 9,000 crore over a five-year period if they replace coal power purchases with renewable energy contracts by 2040, according to a new study. If the southern state replaces its scheduled purchases of coal power from central sector plants with new renewable energy at an average tariff of Rs 3/kWh, the state would save approximately Rs 969 crore per annum, it said. The report also suggests a transition pathway that sees the most expensive central sector power contracts phased out first, saving the state Rs 4,505 crore through the phase-out of 1560 MW of coal power by 2026-27, the study further said. The significant findings were made by think-tank Climate Risk Horizons (CRH). This finding comes just months after Chief Minister Pinarayi Vijayan announced that the state will aim for 100 per cent renewable energy over the next 17 years. In addition to explaining the financial and climate-related benefits of this move, the CRH report also charts out the transition pa

Tata Power Renewable Energy arm to set up 966 MW project for Tata Steel

We believe that renewable energy is the future, said T. V. Narendran, CEO & MD, Tata Steel

India's green goal offers companies $500 bn opportunity, says ReNew CEO

ReNew has plans to invest in the entire decarbonization chain. The company, with about 8 gigawatts of operational capacity, is among India's top renewables producers

Solar energy dominant renewable tech as world moves to net-zero: R K Singh

The technology of solar energy generation is becoming more dominant as the world is moving towards net zero carbon emissions, Union Minister for Power and New & Renewable Energy R K Singh said. "With every progressing year, the solar is becoming the more dominant renewable energy generation technology as the world moves towards net zero," the minister said at the standing committee meeting of the International Solar Alliance. The eighth meeting of the standing committee of the International Solar Alliance (ISA) was held in New Delhi on June 6, 2023 under the chairpersonship of Singh, in his capacity as the power minister of India, the current president of the ISA, said a statement from the new and renewable energy ministry. France as co-president of the ISA assembly was the co-chair of the meeting. Some representatives of member countries joined in person, while others joined the meeting online. The eighth meeting of the ISA standing committee discussed ISA demonstration projects .

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 ..

Govt to offer Rs 3,760 cr as incentives to boost battery storage projects

The scheme aims to boost battery storage projects that are crucial to India's plan to expand its renewable energy capacity to 500 gigawatts (GW) by 2030

Suzlon Group crosses 20 GW installed wind mills capacity worldwide

Suzlon's 20 GW wind energy installations are through 12,647 wind turbines across 17 countries spanning six continents

Tata Power Renewable Energy commissions 110-MW solar power project KSEB

Ashish Khanna, chief executive officer of TPREL, said that this 110 MW solar power project will help meet the green energy requirements of the state of Kerala

Tata Power Renewable Energy commissions 110 MW solar project in Rajasthan

Tata Power Renewable Energy Limited (TPREL) has commissioned a 110 mega watt (MW) solar energy project at Bikaner, in Rajasthan. A subsidiary of Tata Power, TPREL, is one of the major renewable energy players in the country. "TPREL has commissioned a 110MW solar power project in Bikaner, Rajasthan. The project will supply 110 MW green power to the Kerala State Electricity Board (KSEB)," Tata Power said in a statement on Monday. The project is expected to generate approximately 211 million units (MU) of green electricity and reduce 2,58,257 metric tonne (MT) carbon footprint annually. According to the company, "the project has used 2,59,272 mono bifacial PERC half-cell modules. It was completed within 7 months despite various challenges including adverse weather conditions, temperatures touching 50+ degrees, the coldest of winters and sandstorms, along with adverse geopolitical challenges." This project is one of the fastest commissioned projects in Rajasthan, backed by a skilled t

Govt holds talks with BALCO for withdrawing arbitration, initiating IPO

The government is looking to sell a part of its residual 49 per cent stake in Balco through a public offer and is engaging with the firm's promoter Vedanta to withdraw arbitration and facilitate stock exchanges listing of the company, DIPAM Secretary Tuhin Kanta Pandey said. The Ministry of Mines and the Department of Investment and Public Asset Management (DIPAM) have held 'preliminary talks' with Vedanta Ltd -- the promoters of erstwhile public sector company BALCO, he said. BALCO has to withdraw a 2009 arbitration case it filed against the government over valuation dispute of the residual stake. "We have talked (with BALCO promoters) at preliminary level. We will engage with them in detail. If we have to do public listing, they (Vedanta) will have to withdraw the case. If they agree then we can move forward," Pandey told PTI. The government wants to sell part of its 49 per cent stake in BALCO in the initial public offering (IPO) before eventually exiting the company. A stock ...

India mulls issuing green ammonia tender to curb fertilizer emissions

Talks are taking place between fertilizer manufacturers and the country's renewable energy ministry to assess potential demand for the feedstock, Bhupinder Singh Bhalla, the dept's top bureaucrat said

Renewable energy to rise owing to solar power, high fuel prices: Report

The rollout of solar and wind power installations, which are anticipated to reach 440 gigawatts in 2023, has been boosted by high fossil fuel prices, the report said

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

Missing in action: Dearth of domestic infra finance in energy sector

The resources of state-owned entities are too puny for the enormous requirements, especially in renewable energy

'Developers to face action for power project delay', says R K Singh

'65% of energy capacity to come from renewables by 2030'

Sterlite Copper to source hybrid renewable power from Serentica Renewables

The PDA will remain in effect for 25 years starting from the date of the commissioning of the project, with targeted wheeling scheduled for August 2024

India has 172 GW renewable energy capacity, 129 MW under implementation

India has already achieved renewable energy capacity of 172 GW and another 129 MW is under implementation, a top official said. New & Renewable Energy Secretary B S Bhalla mentioned about the capacity during a review meeting with States/UTs on the progress of renewable energy schemes and capacities in the national capital on Tuesday. According to him, the total installed capacity would be 301 GW, which leaves approximately 200 GW capacity to be added in order to achieve the target of 500 GW capacity from non-fossil fuels. Union Minister of State for New & Renewable Energy, Chemicals and Fertilizers, Bhagwanth Khuba chaired the review meeting. Among others, Principal Secretaries (Energy) /Secretaries of Power, New & Renewable Energy from States/UTs participated in the review meeting. During the meeting, Bhalla emphasised that the role of states becomes critical and they have to facilitate installation of renewable energy plants by providing infrastructure. Khuba highlighted

REC plans to increase loan book over two-fold to Rs 10 trn by 2030

State-owned non-banking finance firm REC Ltd is planning to increase its loan book over two-fold to Rs 10 lakh crore by 2030, including Rs three lakh crore for renewable energy projects. This assumes significance given India's ambitious target of having 500GW of renewable energy capacity by 2030. REC Ltd's loan book is Rs 4.35 lakh crore as of March 31, 2023. At present, India has a renewable energy capacity of 1,25,692.30MW, excluding 46,850.17 MW of large hydropower. As much as 82,000 MW of renewable energy capacity is under construction, excluding 14,000 MW of hydro projects. India will have to add around 50,000 MW of clean energy capacity every year to meet the target of 500 GW by 2030. Thus finance is an important component of these projects. The REC Ltd will have a loan book of Rs 10 lakh crore by 2030, and 30 per cent of it would come from renewable energy projects, REC Ltd Chairman and Managing Director Vivek Kumar Dewangan said in a media interaction. He told reporters th

Energy revolution: Hitting the brakes on growth isn't fair to poor nations

In India and nearly everywhere else, utilities are the main customers of solar and wind power. But electricity is only one part of our carbon footprint