Page 11 - Renewable Enrgy

Want to be a one-stop debt solution for renewable energy: REC chairman

'We are targeting a tenfold increase in our renewable energy portfolio to Rs 3 trillion by 2030'

PFC signs MoU worth Rs 1.18 trn with SJVN for renewable energy projects

The financial backing from PFC is expected to range between Rs 80,000 crore and Rs 90,000 crore, displaying a significant commitment to these crucial projects

TotalEnergies in talks to invest in Adani Green's projects: Report

The deal would increase Total's presence in the fast-growing Indian energy market, while giving Adani Green more means to develop new renewable energy projects

Essar, Desert Tech ink pact for RE solutions for Saudi steel project

Essar Group on Monday signed a pact with solar PV firm Desert Technologies for developing renewable energy solutions for the Indian conglomerate's KSA Green Steel Arabia project. "Both parties signed a Memorandum of Understanding (MoU) to develop renewable energy solutions for Essar Group's Green Steel Arabia (GSA) project in the Kingdom of Saudi Arabia (KSA) as well as potential future projects which will put Saudi Arabia on the map, as a pioneering country in Green Steel production and green energy generation," the company said in a statement. Through this partnership, DT and Essar will develop solutions for renewable energy generation and storage for Essar's flat steel complex in the KSA which is the first green steel project in the Gulf region and will also explore opportunities for other potential projects. Essar is investing USD 4.5 billion in building a 4 million tonne per annum integrated steel plant in Ras Al-Khair, Saudi Arabia. Essar's GSA project is poised to be the ...

Hitachi bags order from Ayana Renewable Power for 300 MW solar project

Hitachi Energy India on Thursday said it has bagged an order from Ayana Renewable Power to provide a grid connection solution for their upcoming 300 MW solar project in Bikaner, Rajasthan. However, the company did not disclose the value of the order, a company statement said. Hitachi Energy will provide an engineering, procurement and construction management package that collects all the power generated by the plant and transfers it into the national transmission system. The project is scheduled to be commissioned in March 2024. "This project from Ayana Renewable Power is another step towards an integrated renewable energy system," said N Venu, Managing Director and CEO, India and South Asia, Hitachi Energy. Today, 33GW of clean power in India flows through Hitachi Energy's technology, as per the statement.

NHPC, APGENCO to set up hydel, renewable energy projects in Andhra Pradesh

State-owned NHPC has inked an initial pact with the Andhra Pradesh Power Generation Corporation to set up pumped storage hydropower and other renewable energy projects in Andhra Pradesh. In the first phase, the Memorandum of Understanding (MoU) envisages building of two pumped hydro storage projects having a total capacity of 1,950 MW, an official statement said. These projects will be established at Kamalapadu (950 MW) and Yaganti (1,000 MW). Once ready, these projects are expected to create significant employment opportunities and boost the local economy. The projects will be implemented as a joint venture. NHPC has signed the MoU with Andhra Pradesh Power Generation Corporation (APGENCO) for implementation of pumped hydro storage projects and renewable energy projects in Andhra Pradesh, according to the statement. The MoU was signed at Tadepalli in Andhra Pradesh's Guntur on Wednesday in the presence of Chief Minister Y S Jagan Mohan Reddy. The agreement was signed by NHPC Dir

Suzlon bags 31.5-MW wind energy project from Integrum Energy Infrastructure

Renewable energy solution provider Suzlon Group on Thursday announced that it has bagged an order from Integrum Energy Infrastructure for the development of a 31.5-MW wind energy project. The company did not disclose the value of the order. Suzlon will execute the project with a scope of supply, installation, and commissioning, the company said in a statement. Additionally, it said that Suzlon will offer post-commissioning operation and maintenance services. "Suzlon Group today announced a new order win for the development of a 31.5 MW wind power project for Integrum Energy Infrastructure Private Ltd", the statement said. Suzlon will install 15 units of S120140m wind turbine generators (WTGs) with a Hybrid Lattice Tubular (HLT) tower and a rated capacity of 2.1 MW each in Maharashtra and Karnataka. The project is expected to be commissioned in May 2024. J P Chalasani, Chief Executive Officer, Suzlon Group, said in the statement, "We are delighted to announce our second order wit

Adani Group planning world's largest, 20 GW hybrid energy plant in Gujarat

The company intends to build the facility faster than any project in its execution history, Gautam Adani said

Foreign investors to create more value for RE in India: ReNew's Sinha

Increasingly more companies are partnering with foreign investors at project level

ReNew signs pact with Petronas's green unit Gentari for 5GW projects

Gentari is looking to build close to 30 GW in renewable energy capacity by 2030

To 'green up' portfolio, REC to sign Rs 2 trn pacts with 20 renewable firms

MoUs part of ongoing deliberations for energy transition under India's G20 Presidency

First Solar to invest billions of dollars in India's solar panel production

During PM Modi's visit to the US, both nations pledged to establish investment platforms to attract international private finance and accelerate the deployment of renewable energy projects in India

Sterling and Wilson Renewable Energy loss narrows to Rs 95 cr in June qtr

Total expenses of the company came down to Rs 617.68 crore during the quarter from Rs 1,568.92 crore a year ago

Group backed by Vikram Solar to invest $1.5 bn in new US factories

The announcement is the latest by an overseas manufacturer seeking to capitalize on incentives in President Joe Biden's landmark climate change law, the Inflation Reduction Act (IRA)

Rs 64,000-crore renewable energy transmission projects on the anvil

The last largest tranche of power transmission projects offered to the private sector was in 2015 when eight projects totalling Rs 50,000 were tendered

NTPC in a sweet spot; likely to be poised for leadership in renewables

Improving power demand, new capacity additions, high visibility over coal supply and electricity pricing, and attractive dividend yield augur well

Suzlon Energy soars 18% to hit over 5-year high amid heavy volumes

A combined 1,121 million shares, which represented 11.1 per cent total equity of Suzlon Energy changed hands on the NSE and BSE

Suzlon posts Rs 320 cr net Q4 profit, total income falls to Rs 1,699 cr

Renewable energy solution provider Suzlon on Tuesday posted a consolidated net profit of Rs 319.99 crore for the March 2023 quarter, mainly due to lower expenses. The company reported a consolidated net loss of Rs 205.52 crore in the quarter ended on March 31, 2022, a BSE filing showed. Its total income from operation dipped to Rs 1,699.96 crore in the quarter from Rs 2,478.73 crore a year ago. The total expenses of the company also declined to Rs 1,628.39 crore in the quarter from Rs 2,511.70 crore. It has also posted a consolidated net profit of Rs 2,887.29 crore for the full fiscal 2022-23. It had reported a net loss of Rs 176.55 crore in 2021-22. The company's total income in the fiscal also dipped to Rs 5,990.16 crore from Rs 6,603.97 crore in 2021-22. Girish Tanti, Vice Chairman, Suzlon Group, said, "As evident from these results, we have closed FY23 with a strong financial performance and the successful launch of our powerful 3 MW technology platform". JP Chalasani, Chief

Solar capacity installations down by 48% during Jan-Mar: Marcom report

Declining installation and project delays impact India's solar industry growth, according to the 'Q1 2023 India Solar Market Update' report by Mercom India

Govt crackdown soon on developers of delayed power projects: RK Singh

The government will crackdown on developers of power projects, who miss the scheduled commercial date of operation or deadline to complete the project, Power and New & Renewable Energy Minister RK Singh said on Thursday. Addressing a CII conference, Singh said the electricity generation capacity addition is a big challenge, as people are sitting on several projects won under the bidding process. Singh said that all these projects (power) are won under the bidding process and if they miss the SCOD (scheduled commercial date of operation or deadline to complete the project), then the developer will be banned from participating in project bidding for one year. On the second such incident, the developer will be banned for five years, Singh said, adding that he is going to put this (rule) in (policy). Power project developers are waiting for demand to grow but this will not happen, he said. Singh also said that until battery energy storage becomes viable, India would have to add ...