Page 45 - Renewable Energy

Govt mulls exempting some projects from solar import taxes

'We have requested Ministry of Finance to consider grandfathering of basic customs duty for projects bid out before March 9, 2021,' the renewable energy ministry said

ArcelorMittal, Greenko to set up $600 mn renewable energy project

Project will be owned and funded by ArcelorMittal, will enable AM/NS India to prune power costs and carbon emissions

Suzlon Energy awaits shareholder approval for a third bailout package

The new lenders are bailing out the company by infusing additional funds and converting their loans worth Rs 4,100 crore into equity

ArcelorMittal ties with Greenko Group to develop a 975MW RE project

Global steel and mining firm ArcelorMittal on Tuesday announced its strategic partnership with Greenko Group for developing a round-the-clock renewable energy project with 975 MW of nominal capacity.

India scurries on green bond plans to secure energy needs ahead of Europe

Both regions seek to attract big money to build renewable capacity and prune reliance on Russian gas following the outbreak of the Ukraine war

India adds 1.2 GW open access solar capacity in 2021: Mercom India

India's solar open access installations witnessed a sharp growth during 2021 with the country adding 1.2 gigawatts (GW) of open access solar capacity during the year, according to Mercom India.

Andhra HC order upholding PPAs positive for renewable energy sector: ICRA

The High Court of Andhra Pradesh upholding the sanctity of PPAs (power purchase agreements) is a positive development for the renewable energy sector, ICRA said on Wednesday. The High Court of Andhra Pradesh vide its order on March 15, 2022 in the matter of PPA tariff renegotiation for wind and solar power projects, has directed the state discoms to honor the terms of the signed PPAs and clear the pending payments, as per the agreed tariff under the PPA within six weeks from the date of the order. "The order issued by the AP High Court upholding the sanctity of the signed PPAs is a significant positive development for the renewable energy sector and thus, will provide a major liquidity relief for the affected IPPs in the state," Girishkumar Kadam, Senior Vice President & Co-Group Head - Corporate ratings, ICRA, said in the statement. According to Kadam, pending resolution of PPA tariff renegotiation matters has been a key concern for the RE sector and in turn affected the credit ..

E2S Power, India Power tie up for thermal storage facility in India

E2S Power and India Power have inked a pact to work on transforming fossil fuel power station into thermal storage systems for renewable energy in the country

India adds record 10 gigawatt solar capacity in 2021: Mercom report

The country had made 3.2 GW of solar capacity installations during 2020, Mercom India Research said in its latest report

UN chief Guterres calls for speedy transition to renewable energy

The UN chief warned that global average temperatures have already risen by 1.1 degrees Celsius

Renewable energy company Greenko plans to raise $500 mn to rejig debt

The actual fundraising is dependent on market sentiments amid an escalation of the Russia-Ukraine conflict, which had increased volatility

LNG in post-Covid era: How global demand and supply will shape India market

India has set a target of raising the share of natural gas in its energy basket to 15 per cent by 2030 from the current 6.72 per cent

Buy, Sell and Trade: India will soon have Electricity OTC market

The over-the-counter market allows buyers and sellers to directly transact conventional and renewable electricity, and negotiate the price and contract

Energy requirements of Indians expected to double in 20 years: PM

Delivering the inaugural address at the 21st World Sustainable Development Summit 2022 (WSDS-22), Modi said environmental sustainability can only be achieved through climate justice

India, Australia ink letter of intent on new, renewable energy technology

India and Australia on Tuesday inked a letter of intent for working together towards reducing the cost of new and renewable energy technologies and scaling up their deployment to reduce emission globally. The letter of intent (LoI) was signed at the 4th India Australia Energy Dialogue, as per a power ministry statement. According to the statement, the dialogue was co-chaired by Minister for Power and New & Renewable Energy, R K Singh and Minister for Energy and Emissions Reduction, Angus Taylor from Australia. This LoI will pave the way for working towards reducing the cost of new and renewable energy technologies and scaling up their deployment in order to accelerate global emissions reduction, it stated. The focus of this LoI will be scaling up manufacture and deployment of ultra low-cost solar and clean hydrogen, it stated. There is an urgent need to focus on advancing technology and clean energy transition. In this context, the agreed forward action plan includes areas like

Sterling and Wilson Renewable Energy report Rs 429 cr loss in Dec quarter

Sterling and Wilson Renewable Energy on Monday reported a consolidated net loss of Rs 428.78 crore in the quarter ended December 2021.

Centre sets target to replace Diesel with Renewable in Agriculture by 2024

Power minister R K Singh says this is in line with govt's commitment to hike the share of non-fossil fuels by 2030 and become a net zero emitter by 2070

India to replace diesel by renewable energy in agriculture by 2024: Govt

Union Power Minister R K Singh on Friday said that India will achieve zero-diesel use in agriculture and replace the fossil fuel with renewable energy by 2024. The minister held a virtual meeting with the officials of the Ministry of Power and Ministry of New & Renewable Energy, Additional Chief Secretaries and Principal Secretaries of Power or Energy Departments of states & UTs to discuss their role in achieving India's energy transition goals and meeting climate commitments. The minister asserted that India will replace diesel with renewables to achieve target of zero-diesel use in the agricultural sector by 2024, a power ministry release stated. Addressing the meeting, Singh stressed the need for collaborative efforts between the Central and State Governments towards the large-scale deployment of energy efficiency measures in potential sectors of the economy. He emphasised the need to have a state-specific agency dedicated for energy efficiency and conservation. He urged ...

Tata Power Q3 net up 72% to Rs 426 cr, renewables top growth segment

Revenue up 43.6% on expanded operation in Odisha power distribution companies, higher project execution by Tata Power Solar Systems and strong show by all other businesses

NHPC inks pact to build 10,000 MW renewable energy capacity in Rajasthan

State-run NHPC has signed a letter of intent (LoI) to build renewable energy projects of 10,000 MW in Rajasthan.