Page 43 - Renewable Energy

What does Ashish Khanna of Tata Power say about India's renewable target?

In a chat with Business Standard's S Dinakar, president of Tata Power Renewables Ashish Khanna tells about how the company is gearing up to meet the challenge facing India's ambitious energy targets

ReNew Power's loss narrows to Rs 355 cr in March qtr due to high revenues

Net loss in the year-ago period was Rs 393.9 crore, a company statement said

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

Indian oil firms to compensate ethanol makers for higher energy costs

Indian state fuel retailers have agreed to provide monetary relief to sugar mills and other producers of ethanol to compensate for high energy costs to boost biofuel production

Green investment jumped 125% to $14.5 billion in FY22: IEEFA report

Acquisitions, bond issues make up for 75% of total value

Ayana Renewable Power to invest Rs 12,000 cr in two projects in Karna­taka

Ayana Renewable Power Pvt Ltd (Ayana) is scaling up its presence in Karnataka by setting up renewable energy projects totaling 2 gigawatts (GWs) with an investment of Rs 12,000 crore. At present, it has an operational portfolio of 340 megawatt-alternate current (MWAC) in the state, Ayana said in a statement on Wednesday. "The company has signed an expression of interest with the government of Karnataka to develop wind and solar power projects totaling 2 (GW) capacity with an investment of around Rs 120 billion (Rs 12,000 crore). At present, Ayana has an operational portfolio of 340 megawatt-alternate current (MWAC) in the state," it said. With the addition of 2 GW of green capacities, the company aims to to provide clean energy for nearly 2 million households. Karnataka, under its Renewable Energy Policy 2022-27, aims to develop 10 GW of additional renewable energy projects and Ayana is keen to help achieve the target, Shivanand Nimbargi, MD & CEO, Ayana, said. "Karnataka is a big

An inexhaustible solar power station in space? China may get one by 2028

China will launch a satellite in 2028 to test wireless power transmission technology from space to the ground

ACME Cleantech to invest Rs 52,000 crore for hydrogen, ammonia plant

The firm has built a solar portfolio of over 6 gigawatts-peak and operates over 1.5 GWp of capacity with another 10 GWp under construction

Commercial entities reduce electricity bills by renewable energy: Mercom

Commercial and industrial entities from various sectors, including steel and cement, have reduced their electricity expenses by using renewable energy, according to Mercom India. The 'C&I Clean Energy Meet 2022' held in Bengaluru witnessed participation from players operating in solar, IT, automobile, manufacturing, chemical, textiles and FMCG sectors, Mercom India said in a statement on Monday. Over 100 players joined the one-day event to discuss opportunities in the domestic renewable energy sector, available technologies, business models, financing mechanisms and regulatory guidance to set up green units. "Narayana Health is saving over Rs 40 million every year through solar power. Representatives from Kurlon, a mattress company with rooftop solar installations at its manufacturing units in three different states with a combined capacity of 2.5 MW, have saved more than Rs 75 million since its first installation in 2016," the research firm said. According to Mercom, the ...

India to meet 50% of its energy needs from renewables by 2030: Minister

Union Rural Development and Panchayati Raj Minister Giriraj Singh said India has set target of meeting half of its energy needs from renewable resources by the decade-end

Record renewables output helps coal shortage in May despite power demand

Surging supply from renewables will go some way towards mitigating India's coal shortage amid extraordinarily rapid growth in demand

Japan's Chubu Electric to buy 20% stake in India's OMC Power for $39 mn

Japan's Chubu Electric Power Co Inc said it will spend up to 5 billion yen ($39 million) to buy a 20% stake in India's rural renewable energy service company, OMC Power Private Ltd

Centre announces Rs 1,000 cr scheme for power and RE equipment making zones

The proposed funding for the three zones is Rs 1,000 crore with a ceiling of Rs 4,000 crore

Power ministry earmarks 81 thermal units to move coal to renewable by 2026

The list includes generation units of state-owned NTPC, and privately owned units of Tata Power, Adani Power, CESC, Hindustan Power

WEF: ReNew Power signs MoU to invest Rs 50,000 cr in 7 years in Karnataka

ReNew Power intends to set up production units in Renewable Energy, Battery Storage and Green Hydrogen with potential to create employment opportunities for 30,000 people, the CMO said

New round of solar PLI to have 3 schemes for different product categories

Plans to include highest corpus to polysilicon manufacturing

WEF 2022: Indian CEOs' alliance to supercharge race to net zero

The Alliance will continue efforts to achieve the vision outlined in the white paper released last year on net-zero

Greenko to supply green power to ArcelorMittal, Ayana Renewable, 3 states

ArcelorMittal has made an investment of around $600 million for 1,000 MW capacity of the project.

EU lays plan to end by 2027 bloc's reliance on Russian oil and gas

The EU got 22 per cent of its gross final energy consumption from renewable sources like wind, solar and biomass in 2020

Greenko setting up world's largest RE storage plant at $3 bn investment

The project is expected to be commissioned by 2023, Kolli said