Page 5 - Renewable Energy

Credit to renewable energy sector doubles to ₹10,325 crore in 2025

Outstanding credit to renewable energy sector nearly doubles in 2025, reflecting stronger banking support for energy transition and infrastructure expansion

ALMM II may give investment opportunity, says Fujiyama Power Systems

Mandatory domestic sourcing of solar cells under ALMM II from June may create supply shortages, prompting fresh investments and capacity expansion by Indian manufacturers

India's power demand growth to slow to 1% in FY26, lowest in 5 years: ICRA

ICRA expects India's power demand growth to slow to 1 per cent in FY26, the lowest in five years, citing a prolonged monsoon, weak demand and a high base effect

Cabinet clears new climate targets, 47% emission reduction by 2035

India raises ambition under new NDC, targets 60 per cent non-fossil capacity and higher carbon sink by 2035 while aligning climate goals with development priorities

India delays coal flexibility plan as solar power curbs rise: Report

The move comes at a time when the world's second largest user of coal is curbing solar output for lack of dedicated transmission lines

NeuEN to supply 10,000 TPA green hydrogen to Numaligarh refinery

NeuEN Green Energy will supply 10,000 tonnes per annum of green hydrogen to Numaligarh Refinery, with a new facility in Assam expected to be operational by 2028

Green industrial push 'strategic necessity', says EAC-PM chairman

EAC-PM Chairman S Mahendra Dev says geopolitical tensions and energy shocks highlight need for green industrialisation to ensure energy security and sustain growth

India to attract ₹7.9 trillion for transmission to support clean energy

CEA estimates Rs 7.9 lakh crore investment in transmission infrastructure to support over 900 GW of non-fossil capacity, amid rising demand and renewable energy integration

ACME Solar Holdings, NTPC Green Energy jump up to 9% in weak market

At 12:22 PM, ACME Solar shares were trading 4.67 per cent higher at ₹260.1 per share, and NTPC Green Energy's share price was up 2.27 per cent at ₹100.09 per share

Green transition will require shakeup of fiscal architecture: Suman Bery

India's green transition needs fiscal reform, says NITI Aayog's Suman Bery, as global energy shifts and supply risks reshape opportunities for the Global South

Govt mandates domestic sourcing of solar wafers for manufacturers

Expansion of ALMM scheme to ingots and wafers will require projects to use domestic components from 2028, strengthening local manufacturing and reducing import dependence

Cabinet clears ₹2,585 crore scheme for small hydro power projects

Scheme aims to add 1,500 MW capacity and attract ₹15,000 crore investment while supporting states and improving grid reliability and clean energy output

Over 35 GW renewable capacity may face grid curtailment in FY27: Crisil

Crisil warns over 35 GW renewable capacity may face curtailment in FY27 due to slow transmission rollout, with TGNA projects bearing the bulk of the risk

New captive power rules to boost renewable energy adoption by industries

Industry says changes to captive power rules will make renewable projects more scalable, enabling group companies to access captive power benefits and boost clean energy adoption

ReNew's C&I arm secures $95 mn investment from LeapFrog-led consortium

LeapFrog Investments leads $95 million equity infusion into ReNew Green Energy Solutions to expand its commercial and industrial renewable energy platform

Gulf investors likely to keep funding Africa renewables despite Iran war

Middle Eastern sovereign wealth funds and state-backed companies are unlikely to scale back renewable energy investments in Africa despite disruptions from the Iran war, analysts say, given the strong long-term economic and strategic reasons driving such funding. Investors made wealthy by the Gulf region's abundant oil and gas increasingly are turning to Africa's clean energy sector, attracted by rising electricity demand, rapid urbanization and the continent's growing role in global supply chains tied to critical minerals and manufacturing. A report released last month by the Clean Air Task Force found that more than $101.9 billion had flowed into Africa's renewable energy sector from Gulf countries by end of 2024, led by the United Arab Emirates, Saudi Arabia, Qatar, Kuwait and Bahrain. Much of the investment has been concentrated in North Africa, Southern Africa and parts of East Africa, while West Africa has attracted relatively limited funding. "Africa remains one of the few ..

Rajasthan govt directs officials to ensure uninterrupted power in summer

Rajasthan has stepped up preparations for peak summer power demand, focusing on supply security, solar capacity and battery energy storage systems

Suryakumar Yadav, Tilak Varma invest in Hyderabad's TRUZON Solar

Cricketers Suryakumar Yadav and Tilak Varma announce investment in Hyderabad-based TRUZON Solar, signalling growing interest in India's renewable energy sector

Subdued power demand pulls down spot electricity prices by 18% in Feb

Weak demand and higher renewable generation dragged February spot power prices lower, even as electricity trade volumes jumped to a five-year high, reflecting strong market liquidity

M&A activity in power sector gathers pace as PPAs drive up valuations

Accelerating power demand, revival of long-term PPAs, stronger plant load factors and attractive valuations are triggering a fresh wave of M&A activity across thermal and renewable assets