Page 49 - Renewable Energy

India adds 6,530 MW solar, wind capacities during July 2020-June 2021: Rpt

India added a total of 6,530 mega watt (MW) of solar and wind capacities between July 2020 and June 2021, a report said on Wednesday

India retains 3rd position in RE investment attractiveness index

The report from EY ranks the world's top 40 markets on the attractiveness of their renewable energy investment and deployment opportunities

Reliance Industries invests nearly $29 million in Germany's NexWafe

The investment, expected to be completed this month, will accelerate product and technology development for NexWafe

ReNew expects to commission 10.2 GW renewable energy capacity by FY23

Renewable energy firm ReNew Power is looking to commission its 10.2 gigawatt (GW) capacity by financial year 2022-23. In a statement on Tuesday, ReNew said it also expects to generate an annual EBITDA (earnings before interest, taxes, depreciation, and amortization) of USD 1.1-1.2 billion with the commissioning of the 10.2 GW capacity. "ReNew expects to have its 10.2 GW portfolio operational by the end of FY23 which also includes 3.8 GW of committed capacity i.e. which has a PPA/LOA (Power Purchase Agreements/Letter of Award) or for which the company has a binding acquisition agreement "This capacity is expected to generate an annual EBITDA of USD 1.1 billion - 1.2 billion, double of USD 578 million in FY21," the company said. It further said it aims to have 18 GW of RE capacity by 2024-25, from the 6.4 GW operating at present. "As India sets its sight on achieving 450 GW of installed clean energy capacity by 2030, ReNew will be a leading catalyst of this transition from fossil-ba

India set to hit 450 GW renewable energy installed capacity by 2030: MNRE

Earlier this month, the MNRE in partnership with FICCI, organised a series of events, from October 6-8 during the Climate and Biodiversity Week at Expo 2020 Dubai.

Coal's problems are governance, not climate regulation

In a few short weeks, the world's leaders will gather for the United Nations' 26th Conference on Parties

India's solar energy output growth slows in September amid coal crisis

Growth in solar energy is critical this year as half of India's 135 coal-fired power plants have fuel stocks of less than three days

Global energy crisis is the first of many in the clean-power era

The shortages jolting natural gas and electricity markets from the U.K. to China are unfolding just as demand roars back from the pandemic

Adani Group to triple solar power generation capacity in 4 years

Gautam Adani said over the next decade, his group would invest over $20 billion in renewable energy generation.

The highs, hurdles and grey areas in Adani's green energy dreams

Despite a $20-billion investment announcement in renewable power, the group is yet to commit to a net-zero investment in coal, and analysts question its debt burden

India's energy demand grows at slower pace in September

Electricity consumption rose 0.8% in September, compared with 17.1% growth in August

Debt for climate and green power

India's climate targets are not conditional, but its negotiating position has been that finance and technology must be made available to developing countries

NTPC REL signs first green term loan pact of Rs 500 cr with Bank of India

State-run power giant NTPC on Thursday said its arm NTPC Renewable Energy Ltd (NTPC REL) has signed the first green term loan agreement of Rs 500 crore with Bank of India

KKR-backed firm raises Rs 460 crore in India's first renewable InvIT

Virescent Renewable Energy Trust was floated in February this year by Virescent Infrastructure, which was set up in 2020 and is backed by global investment firm KKR

Statsguru: Seven charts explain India's climate change challenge

If capa­city additions do not keep pace, India will miss its 2022 target for renewable expansion

Cannot be 'one-size-fits-all solution': India at UN dialogue on energy

Minister for Power and New and Renewable Energy R K Singh said India has set an ambitious target of 450 GW of renewable energy capacity by 2030

India makes clean energy commitments at UN summit

Also, it announced to begin a Production Linked Incentive Scheme to add 10 GW solar PV manufacturing capacity by 2025.

NHPC board okays proposal to form subsidiary for renewable energy biz

State-owned hydro power giant NHPC on Friday said its board has approved the proposal to form a subsidiary for the development of renewable energy, small hydro and green hydrogen projects.

Managing risks of a green economy

A rapid transition to renewable energy, which is necessary, will disrupt a number of businesses

UltraTech joins RE100 initiative, aims 100% renewable energy usage by 2050

The country's leading cement maker UltraTech Cement on Thursday said it has joined the RE100 initiative and targets 100 per cent renewable energy usage by 2050.