Page 3 - Renewable Enrgy

Datanomics: India's solar-module exports to the US face duty heat

The US is India's largest solar panel export market. Since FY23, it has accounted for more than 95 per cent of such exports by India

Fossil fuels will not disappear soon, say experts at BS Infra Summit

Despite rapid growth in renewables, experts at the BS Infra Summit highlighted that India's dependence on fossil fuels will still persist for the foreseeable decades

Saudi Arabia rapidly losing appetite for oil amid renewables push

Saudi Arabia, the world's biggest net exporter of crude, is using renewables to drastically reduce its petroleum consumption

ACME Solar arm gets ₹3,184 cr REC funding for 280 MW renewable project

ACME Solar Holdings on Wednesday said that its arm ACME Hybrid Urja has secured Rs 3,184 crore in project funding from state-owned REC Ltd for a 280 MW Firm and Dispatchable Renewable Energy (FDERE) project. REC will serve as the sole lender for the project, thereby providing long-term financing for 18 years, a company statement said. ACME Hybrid Urja Private Ltd, a wholly owned subsidiary of ACME Solar Holdings Ltd, will use the funds for the development & construction of a 280 MW Firm & Dispatchable Renewable Energy Project (FDRE), which has been contracted with NHPC, according to the statement. This is REC Ltd's third financing initiative of ACME Solar's FDRE project, following the financing of two other FDRE projects earlier this year, with a cumulative capacity of 570 MW. The company signed a 25-year Power Purchase Agreement (PPA) with NHPC at a tariff of Rs 4.64 /Unit. The project combines multiple renewable energy technologies, including Solar and Battery Energy Storage

MNRE aims to clear backlog of ₹200 cr subsidy for CBG plants post monsoon

Delays have stemmed from stringent norms, eased last June, and off-take challenges for larger plants

NCAER suggests ₹14K cr annual green grant for states to meet RE target

To meet the 500GW renewable energy target by 2030, NCAER suggests providing Rs 14,000 crore in green grants annually to states, with significant allocations to Jharkhand, Maharashtra, and others

Why Big Tech is turning to nuclear energy to power the AI revolution

Technology giants are exploring nuclear energy as a sustainable solution to fuel the rapidly growing energy needs of AI-driven data centres

India's renewable projects without supply deals double in 9 months: Report

Renewable projects that won tenders to generate power but are yet to sign power purchase agreements with buyers have surged to over 50 gigawatts

Tripling renewables by 2030 remains distant goal 2 yrs after COP28: Report

National targets have barely made progress two years after countries agreed to tripling global renewable energy capacity by 2030, with the total global ambition increasing by just 2 per cent since the pledge, according to a new analysis published on Thursday. The analysis by energy think tank Ember warned that this gap between global ambition and national planning risks undermining climate progress as well as the energy security and economic resilience of countries. According to the tripling goal, a commitment made at COP28 in UAE in 2023, the countries need to increase combined energy generation capacity through renewable means by a factor of three by 2030. The report said that national renewable energy targets now add up to 7.4 terawatts (TW) for 2030, just over double the 3.4 TW installed in 2022. This still falls significantly short of the 11 TW needed to meet the tripling goal. "Tripling global renewable capacity is the biggest action the world can take for climate this decade

Airtel's Nxtra raises renewable energy sourcing deal with Ampin to 200 MW

Nxtra by Airtel on Monday said it will source additional 125.65 megawatt renewable energy from Ampin Energy under a fresh agreement signed between the two companies. With this, the total renewable energy partnership between the two companies has crossed over 200 MW (megawatt). "Nxtra by Airtel and AMPIN Energy Transition have strengthened their partnership with a new, power-wheeling agreement involving 125.65 MW of solar-wind hybrid energy through Inter-State Transmission System (ISTS) connected plants," Nxtra said in a statement. Earlier, the company had signed two deals for sourcing around 75 MW renewable energy from Ampin. The additional capacity will be delivered to Nxtra in two phases, each through captive solar-wind power projects in Rajasthan and Karnataka, respectively, the statement said. "This achievement highlights our leadership in using ISTS-backed clean energy to power our facilities sustainably, boosting reliability and ensuring tangible climate impact," Nxtra by ..

NLC India arm NIRL to go public in Q2FY27; raise ₹4,000 crore: CMD

NIRL, the renewable energy arm of state-owned NLC India, is expected to go public in the second quarter of the next financial year to raise around Rs 4,000 crore to part fund its expansion plans, a top official of the company said. In an interview to PTI, Chairman and Managing Director (CMD) of NLC India Ltd (NLCIL) Prasanna Kumar Motupalli said that the public sector enterprise is targeting to ramp up its renewable energy capacity from the current 1.4 GW to 10 GW by 2030 and the company plans to raise Rs 4,000 crore through initial public offering (IPO) route. The company plans to file draft papers with markets regulator SEBI in the first quarter of 2026-27. "We are targeting Rs 4,000 crore through IPO route...So by September we will be in a position to ramp up our renewable assets through NIRL and by March 2026 we will be able to complete the legal and the financial due diligence and in the first quarter of 2026-27 we will be going for DRHP through the SEBI," the CMD explained. N

NLC India to invest ₹1.25 trn capex by 2030, bets big on renewable energy

NLC India Ltd, a public sector enterprise, is planning to invest Rs 1.25 lakh crore by 2030 to expand its capacity from the existing 6.7 gigawatt to 20 gigawatt, Prasanna Kumar Motupalli, Chairman and Managing Director (CMD) of the company has said. He said, out of Rs 1.25 lakh crore planned capex, the company will be spending around Rs 65,000 crores on renewables and other green initiatives, while around Rs 45,000 crores will be earmarked for thermal and around 15,000 crores for mining. The official elaborated that out of the Rs 65,000 crore capex on renewables, around Rs 15,000 crore will be on the battery storage system. We are having an aggressive capacity addition plan, adding the renewable capacity as well as the conventional capacity to take the capacity from the existing 6.7 gigawatt to 20 gigawatt. For that, the Capex requirement is around 1.25 lakh crore by 2030, Kumar told PTI Videos. NLCIL is arranging finance for the planned capex of Rs 1.25 lakh crore through internal

Adani Green Energy's operational renewable capacity rises 45% to 15,816 MW

Adani Green Energy Ltd on Friday said its operational renewable energy generation capacity rose 45 per cent to 15,816 MW during June quarter as compared to the year-ago period. It had an operational RE capacity of 10,934 MW in April-June 2024, a regulatory filing said. The 15,816 MW RE capacity includes 11,156 MW solar, 1,986 MW wind and 2,674 MW hybrid renewables. The sale of renewable energy rose 42 per cent to 10,479 million units (MUs) in the quarter from 7,356 MUs in the same period a year ago. The company has already met the 31 per cent or 6,138 MUs of its total committed generation of 19,667 MW (annual commitment as per power purchase agreements) in June quarter only. It operationalised 3,763 MW of solar, 585 MW wind and 534 MW hybrid renewable capacity and added greenfield RE capacity of 1.6 GW in the quarter. The company is aiming 50 GW renewable portfolio by 2030.

Aligning RE with development goals can lift 193 mn from poverty: UNDP study

A new study by the United Nations Development Programme (UNDP) has revealed that aligning renewable energy goals with broader development policies could lift 193 million people out of extreme poverty by 2060, while unlocking USD 20.4 trillion in cumulative savings for the global economy. The study, conducted by the United Nations Development Programme (UNDP), University of Denver's Pardee Institute and Octopus Energy, was set up to explore how time-bound renewable energy targets, backed by coherent policies and financing mechanisms, could unlock triple wins: cutting emissions, boosting economies and delivering real social benefits. The report simulated three scenarios to assess outcomes for emissions, economic growth, and social progress. In a business-as-usual scenario, the global energy system remains dependent on fossil fuels, accounting for over 50 per cent of primary energy by 2060. This trajectory would push global warming to 2.6C, exacerbating poverty, malnutrition and lack

Reliance Industries' solar leap prompts Nuvama's highest-ever target price

Nuvama forecasts that the company's 10GW module & cell capacity, to be fully operational by early CY26, could contribute an incremental ₹3,800 cr to consolidated PAT, equivalent to 6% of FY25 earnings

India's renewable energy capacity rises 17% to 227 CW in May: Joshi

India's total renewable energy capacity grew 17.13 per cent year-on-year to 226.74 gigawatts (GW) in May, Union Minister Pralhad Joshi said on Wednesday. "India's #RenewableEnergy sector has witnessed unprecedented growth under the visionary leadership of Hon'ble PM Shri @narendramodi ji. From solar to wind energy, our nation is paving the way for a brighter and more sustainable future!," the Minister for New and Renewable Energy (MNRE) said in a post on X. The renewable energy capacity has surged 17.13 per cent year-on-year to 226.74 GW in May from 193.58 GW in the same month last year, as per the data shared by the minister in his post. Of the total, solar power capacity expanded 31.49 per cent to 110.83 GW from 84.28 GW in May 2024. Wind capacity witnessed a rise of 10.49 per cent to 51.29 GW against 46.42 GW last year. In a separate post, Joshi said clean energy is shaping India's journey of progress and pride. "Guided by @narendramodi ji's leadership, it has become a powerfu

India's renewable energy capacity in total energy mix rises to 49% in Apr

India's renewable energy share in the total installed power capacity has increased to 49 per cent in April 2025 from 32 per cent in 2014, Union Power Minister Manohar Lal said on Friday. Addressing the Regional Conference for the Northern Region States/UTs in Chandigarh, the minister said states should also work on having an adequate power generation mix, including the addition of nuclear generation capacity while meeting their resource adequacy plan. He also pointed out that states should complete the installation of prepaid smart metres in government establishments and colonies by August 2025 and for all commercial, industrial and high-load consumers by November 2025. States should work towards listing power sector utilities to generate additional resources and improve transparency and governance, the minister noted. "We successfully met a peak demand of 250 GW in May 2024 and India has transformed from power-deficit to a power-sufficient nation and as of today, peak demand short

Here's why KPI Green share price is buzzing in trade on June 6; details

KPI Green Energy shares surged after its parent, KP Group, announced the signing of three strategic MoUs with Delta Electronics India, aimed at accelerating clean energy and technology deployment.

Waaree Renewable share price pops 4% on securing order worth ₹346 crore

Waaree Renewable shares popped after it bagged a Letter of Award (LOA) from a renewable generation company for the execution of EPC works of a solar power project of 300 MW AC/435 MW DC capacity.

SWREL Global CEO announces 225 MW solar project in Gujarat region

Sterling and Wilson Renewable Energy on Thursday said it has secured a 225 MW solar project in Gujarat. Sterling and Wilson Renewable Energy Limited (SWREL), a domestic renewable energy EPC company, emerged as the L1 bidder in a tender issued by a leading PSU developer for a turnkey EPC package to develop a 225 MW (AC) grid-connected solar PV project in Gujarat, according to a company statement. SWREL Global CEO Chandra Kishore Thakur said, "We are thrilled to announce our first domestic order of FY26 from a very reputed PSU developer and continue to build on our strong position in the Gujarat market." SWREL provides engineering, procurement, and construction (EPC) services for utility-scale solar, floating solar and hybrid & energy storage solutions and has a total portfolio of over 22.6 GWp (including projects commissioned and under various stages of construction). It also manages an operation and maintenance (O&M) portfolio of 8.7 GWp solar power projects, including ...