Page 7 - Renewable Energy

JSW Energy commissions 281 MW renewable energy project in Maharashtra

JSW Energy on Thursday announced the commissioning of 281 MW renewable energy project in Maharashtra with solar capacity of 215 MW and wind capacity of 66 MW. This capacity addition will enable the company to benefit from the peak wind season during the year and will contribute to the overall renewable output, a company statement said. With this, the installed wind capacity stands at 3,482 MW, solar capacity at 1,968 MW and hydro capacity at 1,391 MW, taking the share of renewables in the overall capacity to 55 per cent. Further, JSW Renew Energy Three, a stepdown subsidiary of the company, has signed a power purchase agreement (PPA) with Adani Electricity Mumbai Ltd for STU-connected wind capacity of 250 MW. The PPA is signed for supply of power for a period of 25 years with a tariff of Rs 3.65/KWh. The project is located in Maharashtra and is expected to be commissioned in the next 24 months. JSW Energy has total locked-in generation capacity of 29.9 GW comprising 12.5 GW ...

Serentica Renewables gets $100 mn debt funding from Rabobank, Socit Gnrale

Serentica Renewables on Thursday said it has secured USD 100 million in debt financing from global financial institutions Rabobank and Socit Gnrale to support the development of a 300 MW solar power project in Rajasthan. Serentica Renewables, a leading Commercial & Industrial (C&I) focused renewable energy company in India, has announced the financial close of its second External Commercial Borrowing (ECB) financing, according to a company statement. This strategic project has been designed to supply green energy to Bharat Aluminium Company Limited (BALCO), one of India's leading aluminum producers and a subsidiary of the Vedanta Group, marking another significant step in decarbonising India's industrial sector, it stated. Akshay Hiranandani, CEO of Serentica Renewables, said, "It's a crucial step in our mission to provide reliable, clean energy solutions that empower industrial giants like BALCO to decarbonise, driving a greener and more sustainable future for the nation. "We

Darkness to Disruption: This CEO is Lighting Up Rural India and Africa

In this episode of Manager’s Mantra, Manoj Sinha, CEO of Husk Power Systems and TIME100 Climate Leader, shares how renewable energy and AI are lighting up rural India.

India coal-fired power output falls at fastest pace in five years in May

India's coal-fired power generation fell 9.5 per cent in May on an annual basis to 113.3 billion kilowatt-hours (kWh)

India's energy transition, grid security hinge on strategic diversification

Regulatory frameworks must evolve to recognise both 'strategic premium' and 'cybersecurity premium' as legitimate components in tariff determination

Sharmistha Panoli's accuser booked for hate speech, missing: Kolkata Police

Kolkata Police have filed an FIR against Wajahat Khan Qadri, who filed a case against influencer Sharmistha Panoli. Qadri is now absconding over allegations of posting hate content online

Vedanta surpasses 1 GW renewable energy mark, targets 2.5 GW by 2030

Vedanta has increased its clean energy capacity to 1.03 GW and aims to achieve 2.5 GW by 2030 as part of its strategy to reach net zero carbon emissions by 2050 or earlier

Waaree Renewable Technologies bags Rs 345 cr solar project in Rajasthan

Waaree Renewable Technologies Ltd (WRTL) on Tuesday announced securing a solar project worth Rs 345 crore in Rajasthan from a prominent domestic renewable energy generation company. The project is scheduled for completion in the financial year 2025-26, the company said. WRTL has secured a significant EPC order for a 300 MW AC (alternate current)/ 435 MW DC (direct current) ground-mounted solar photovoltaic project in Bikaner, Rajasthan. The order, valued at more than Rs 345 crore, was awarded by a prominent domestic renewable energy generation company, the company said, without disclosing any further details. "This collaboration marks a significant milestone in our relationship, built on mutual trust, shared vision, and a commitment to sustainable growth. We value this partnership deeply and look forward to working closely together to deliver impactful outcomes now and into the future," said Sunil Rathi, Executive Director, WRTL. The scope of work includes engineering, procurement

Integrating renewable energy: An enabling technology framework is essential

RE is intermittent in nature, peaking during daylight hours, creating oversupply, whereas peak demand typically occurs in the evening

Delta Electronics signs deal with Ventus Energy to reduce carbon footprint

Delta Electronics would source a combined 9.6 million units of wind power annually to power its manufacturing facilities in Tamil Nadu

Jindal Stainless acquires stake in SPV formed with Oyster Renewable Energy

The company said that the equity stake in a special purpose vehicle has been formed with Oyster Renewable Energy Private Limited to develop a 282 MW hybrid renewable energy project

Jindal Stainless acquires stake in SPV formed with Oyster Renewable Energy

The company said that the equity stake in a special purpose vehicle has been formed with Oyster Renewable Energy Private Limited to develop a 282 MW hybrid renewable energy project

China powers Pakistan's green energy ambitions amid IMF's loan conditions

With falling prices for wind, solar, and battery technologies, Pakistani companies expect a quicker return on renewable energy investment that may help them meet energy goals set by IMF

Power demand to increase by 6-6.5% over next five years, says ICRA

ICRA attributes the growth in demand to greater adoption of electric vehicles and green hydrogen segments, and the expansion of power-hungry data centres

Slow capacity addition likely to weigh on NTPC's growth prospects

NTPC reports steady revenue and profit growth for FY25 but misses renewable capacity addition target; analysts raise concerns over sluggish growth despite heavy capex

India's grid gets ready to deal with 'too much' green energy risk

As unprecedented amount of RE flows in, grid managers devise ways to prevent supply disruptions

India's renewable energy capacity grows 3-fold to 232GW in last decade

India has logged threefold growth in its renewable power capacity in the last decade, with the installed green energy capacity reaching 232GW, including large hydro power plants, currently compared to 75.52GW capacity in March 2014, official sources said. India has emerged as a global front runner in renewable energy space as the traiff of the grid-connected solar power plants has gone down by 80 per cent to Rs 10.95 per unit (for 170MW at Neemuch), sources said. In March 2014, India's installed solar energy capacity was 2.82 GW, which has crossed 108GW now, recording multifold growth. Wind energy capacity has more than doubled to 51GW presently from 21GW in 2014. Sources mentioned that during the UPA regime, India was almost absent in the solar manufacturing scene, with a meagre 2GW of solar module production in 2014. In 2024, India has transformed into a global leader, with solar module manufacturing skyrocketing to 90GW and by 2030, the nation will reach an impressive 150GW, the

ACME Solar Holdings Q4 results: Net profit dips 77% to Rs 122 crore

ACME Solar Holdings has reported a more than 77 per cent dip in consolidated net profit to Rs 122 crore for the March quarter, mainly due to an exceptional gain in the year-ago period. In January-March FY24, the company had reported an exceptional gain of Rs 696 crore from the divestment of 369 MW of operational solar assets in Punjab, Uttarakhand, and Karnataka, it said. The company had clocked Rs 532.3 crore net profit in Q4 FY24 on account of the exceptional gain. However, the company increased its total income to Rs 539.2 crore in the fourth quarter from Rs 318 crore in the year-ago quarter, a BSE filing said on Monday. As per the filing, its finance costs increased to Rs 205.5 crore from Rs 177.3 crore in the January-March period of FY24. Depreciation and amortisation expenses also rose to Rs 102.2 crore from Rs 61.2 crore in Q4 FY24. For the entire FY25, the net profit rose to Rs 250.8 crore from Rs 697.7 crore in FY24. In a separate filing, the company said its wholly-own

Transmission capex, renewable energy segment may energise Tata Power stock

Tata Power benefits from transmission capex, reforms in distribution and green capex. It targets RE capacity of 15GW by FY27 and has capex plans of ₹84,200 crore for FY24-27

EU, India join hands to fight marine pollution, develop hydrogen tech

The European Union and India have joined hands to find innovative research solutions to combat marine pollution and work on the development of waste-to-renewable hydrogen technologies. The embassy of EU Delegation in India, in a statement on Friday, said the EU and India launched "two new significant research and innovation initiatives" under the EU-India Trade and Technology Council (TTC), with "a total investment of Euro 41 million (Rs 394 crore)". These initiatives will drive collaborative solutions to pressing environmental challenges and foster cutting-edge technological advancements, it said. "Coordinated under the EU's Horizon Europe programme and co-funded by Indian ministries (MoES and MNRE), the two research calls will bring together researchers, start-ups, and industries from the EU and India to develop sustainable, scalable solutions with global impact," the statement said. MoES and MNRE refer to Ministry of Earth Sciences and Ministry of New and Renewable Energy of the