Page 59 - Renewable Energy

Planning surplus land to generate 20 GW of renewable energy: Goyal

Indian Railways plans to use its surplus land to generate 20 GW of renewable energy from 'Made in India' solar or wind equipment to power its network, Railways Minister Piyush Goyal said on Wednesday.

India's dependence on thermal power to dip to 50% by FY22: Report

India's dependence on thermal power will reduce to 50 per cent by 2021-22 and 43 per cent by 2026-27 on the back of renewable energy (RE) capacity additions, a report said. Thermal power includes diesel, gas and coal-based electricity generation which contributes 63 per cent of total electricity generation capacity in India as per the report. "India is chasing ambitious RE targets and enhancing its T&D (Transmission & Distribution) infrastructure. Increasing RE use is decreasing dependence on coal. Contribution of the thermal sector will reduce to 50 per cent by FY22 and 43 per cent by FY27," said a report by Praxis Global Alliance and Zetwerk. The recent study by Praxis Global Alliance, a leading management consulting and advisory firm, and Zetwerk, an Indian B2B marketplace for manufacturing products and services, highlights the impact of COVID-19 on the overall power sector including key segments - generation, transmission, and distribution. According to the report the ...

Tata Power to explore M&A opportunities in renewable energy space

Tata Power, which is sitting on a debt of over Rs 43,000 crore, is eyeing Rs 9,000 crore revenues from its renewable energy operations by FY2025

Ladakh celebrates I-Day as UT for first time, Lt Guv assures development

Congratulating the people of Ladakh on completing one year of it becoming a union territory, Mathur said, It is a dream come true for Ladakhis and we must thank Prime Minister Narendra Modi for it

Project Lion to clean energy: On I-Day, PM announces plans for environment

He announced the government's big plans for Ladakh, which became a union territory in 2019

Covid-19 impact: Centre gives 5-month extension to renewable projects

RE Projects hit by Covid, supply chain disruption can claim Force Majeure

The race to zero

Investment in new renewable energy capacity remained resilient in the first half of the year

Delhi power discoms see rise in residential rooftop solar power connections

The current cumulative installed capacity is 33.7 MW which is intended to be increased to 40 MW in the next two years

Tata Power to raise green energy portfolio to 50% with focus on renewables

Tata Power currently has a consumer base of 2.5 million and it aims to quadruple it to 10 million over the next five years

Subsidised credit-enhancement bond facility for renewable energy proposed

To ward off defaults, it could be a fully-funded facility with a facility manager, under guidance of board of trustees; will pay off bond investors if issuer can't service coupon and repay principal

Finance, transmission may trip India in race to meet renewables targets

India currently has 87.67 GW of renewable generation capacity installed, close to a quarter of its total installed capacity of 371 GW

India to have 60% renewable energy by 2030: Power minister R K Singh

In September last year at the United Nations Climate Action Summit, Prime Minister Narendra Modi had announced increasing the renewable energy target to 450 GW by 2030 from 175 GW by 2022

Cloud cover on the solar story with signs of a slowdown in the sector

The high-profile dedication of the Rewa solar park eclipses the reality of a slowdown in this sector

Ashish Khanna on how Tata Power Renewables is reorienting functions

The force majeure conditions have been accepted by the government, so we will be able to complete the projects. But it has affected our ramp-up plans and working capital, Khanna said

Minerals in our solar future

If India walks the talk toward greater self-sufficiency in the renewable energy industry, it could slow the march of China to global dominance in the full spectrum of the solar energy industry

UN Secretary-General praises India over work in field of renewable energy

Prime Minister Narendra Modi had last year in September inaugurated a 50 kilowatt 'Gandhi Solar Park' at the Headquarters of the United Nations

AIIB extends $50 mn loan to L&T Infra Finance for Renewable Energy

This is the first tranche of a $100 mn loan by the Bejing-based multilateral development bank; proceeds will be used to on-lend to large and mid-scale wind and solar power infra projects in India

Why solar at Rs 2.36 is a big deal

A lower cost of solar power means cheaper electricity in the long run as it replaces more costly generation. That is the next step the government is working on

Germany to become first major economy to phase out coal, nuclear power

Bills approved by both houses of parliament Friday envision shutting down the last coal-fired power plant by 2038

German Parliament finalising long-awaited plan to phase out coal energy

Germany is already phasing out nuclear power and the government envisions greater reliance on renewable energy as well as hydrogen and natural gas in the future