Page 60 - Renewable Energy
World Solar Bank aims to infuse $10 bn in solar projects across ISA members
With high priority accorded to Make in India, the government shall soon launch incentive schemes to invite global companies to set up mega manufacturing plants
 "World Solar Bank aims to infuse $10 bn in solar projects across ISA members")
Renewable sector in India attracts $10-20 bn of investment: IEEFA
Policy-related headwinds and a collapse in electricity demand due to the Covid-19 crisis have disrupted India's renewable energy capacity tendering and commissioning process
The future of energy
Book review of THE NEW MAP: Energy, Climate, and the Clash of Nations
 "The future of energy")
Net carbon zero economy possible by 2050 at low cost, says ETC report
The report said the impact of achieving a zero-carbon-emission economy on human welfare in 2050 will be hugely positive
 "Net carbon zero economy possible by 2050 at low cost, says ETC report")
Renewable, T&D assets dominate PFC & REC loan books as thermal loses steam
Stress in conventional power generation space and no new private investment in the sector see the two lenders gradually shift to newer areas
 "Renewable, T&D assets dominate PFC & REC loan books as thermal loses steam")
Adani Green to tie up with 10 foreign banks for $1.8 billion funding
Funds to be raised as revolving construction finance for upcoming 12 Gw renewable projects
 "Adani Green to tie up with 10 foreign banks for $1.8 billion funding")
Japan's ORIX Corp to pick minority stake in Greenko Energy for Rs 7,000 cr
"The transaction will further drive capacity, revenue, EBITDA and overall earnings growth for Greenko and our stakeholders," Greenko MD said
 "Japan's ORIX Corp to pick minority stake in Greenko Energy for Rs 7,000 cr")
BP spending $1.1 billion to enter offshore wind market with Equinor
The British oil and gas company has set itself a target of increasing its renewable power generation capacity 20 fold over the coming decade to 50 gigawatts (GW)..
 "BP spending $1.1 billion to enter offshore wind market with Equinor")
India to have 220 GW renewable energy capacity by 2022, says PM Modi
PM Modi exuded confidence that India will increase its existing clean energy capacity of 134 GW to 220 GW by 2022 and stressed on reducing tariffs further through technological advancements
 "India to have 220 GW renewable energy capacity by 2022, says PM Modi")
Doubling priority lending for renewables to help only small installations
Industry players say cap is inadequate to meet funding requirements of planned mega projects
 "Doubling priority lending for renewables to help only small installations")
Solar on every farm: Will this help state utilities bridge the revenue gap?
Most farmers in India get subsidised power, which is priced at a fraction of the cost of supply
 "Solar on every farm: Will this help state utilities bridge the revenue gap?")
GAIL eyess at petrochem, renewables to supplement core
Will bid for new pipelines put on offer by regulator and continue to grow gas transmission biz by laying key sections of National Grid; 7,500-km lines, mostly to eastern parts are currently being laid
 "GAIL eyess at petrochem, renewables to supplement core")
Railways meets solar power developers for zero carbon emission goal
The railways has developed a mega plan for installing solar plants of 20-GW capacity by utilising its vacant land by 2030
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.
 "Planning surplus land to generate 20 GW of renewable energy: Goyal")
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 ...
 "India's dependence on thermal power to dip to 50% by FY22: Report")
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
 "Ladakh celebrates I-Day as UT for first time, Lt Guv assures development")
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
 "Project Lion to clean energy: On I-Day, PM announces plans for environment")
Covid-19 impact: Centre gives 5-month extension to renewable projects
RE Projects hit by Covid, supply chain disruption can claim Force Majeure
 "Covid-19 impact: Centre gives 5-month extension to renewable projects")
The race to zero
Investment in new renewable energy capacity remained resilient in the first half of the year
 "The race to zero")