Page 4 - Renewable Enrgy

ReNew Energy cuts solar module and cell prices as GST rates fall to 5%

ReNew Energy Global Plc (ReNew) has reduced rates of its solar modules and cells in line with lower GST slab taking effect from Monday. Earlier this month, the GST Council approved slashing GST rates on a number of items. The council recommended the duty on renewable energy products to be reduced to 5 per cent from 12 per cent to help the industry shift towards green power. In a statement, ReNew announced price reduction in its solar modules and cells, effective September 22. This development will translate into substantial savings for utility-scale developers, rooftop solar consumers, and farmers under flagship schemes like PM Surya Ghar Muft Bijli Yojana and PM-KUSUM, further democratizing access to clean energy. Sumant Sinha, Founder, Chairman and CEO of ReNew, said, "As India's largest integrated solar manufacturer, we believe this move will catalyze adoption across segments from large-scale developers to rooftop consumers and farmers." ReNew's clean energy portfolio of 18.2 G

India's renewable story needs better forecasting, stronger infrastructure

The devastating floods across northern India turned the spotlight on the fact that a surfeit of water is as disastrous as a scarcity of rain

Adani, Ambani race to lead mega energy transition: Bernstein Research

Bernstein says Mukesh Ambani and Gautam Adani are racing to transform Kutch's barren salt flats into the backbone of India's energy transition with massive clean power projects

Factories flip the switch on power bills: Cheapest energy in 20 years

Renewables and captive plants cut costs below 2% of sales

GST revamp: Generation cost of solar plants may drop by 10 paise per unit

The GST rationalisation is expected to lower solar power generation costs by 10 paise per unit & reduce wind energy generation costs by Rs 15-17 paise per unit, accelerating India's energy transition

ACME Solar secures 50 MW dispatchable renewable project from Tata Power-D

ACME Solar Holdings on Wednesday said it has secured a 50 MW Firm and Dispatchable Renewable Energy project from Tata Power-D. The FDRE tender was floated under tariff-based competitive guidelines (TBCB) for which an e-reverse auction was conducted on August 13, 2025, a company statement said. ACME Solar Holdings Ltd has received a Letter of Award (LoA) for a 50 MW Firm and Dispatchable Renewable Energy (FDRE) project at a tariff of Rs 4.43 per unit under a 250 MW FDRE tender floated by Tata Power Company Limited (Tata Power-D), according to a statement. Tata Power-D is a licensed electricity distribution company and is a part of Tata Power Company Ltd. The project will be required to maintain a minimum annual CUF (Capacity Utilisation Factor) of 40 per cent and ensure four hours of peak-hour supply with 90 per cent monthly availability. The project would combine multiple renewable energy technologies, including solar and Battery Energy Storage System (BESS), to meet the supply ..

Companies line up RE projects worth ₹43,358 crore in Andhra Pradesh

Andhra Pradesh cleared Rs 43,358 crore of renewable projects totalling 2,600 MW under its ICE Policy, with major investments from Navayuga, Serentica, Hexa, and Brightfuture

India's wind energy capacity set to reach 107 GW by 2030, says GWEC

India's wind energy capacity is estimated to reach 107 GW by 2030, compared to the government target of 100 GW, according to a report by the Global Wind Energy Council (GWEC) released on Tuesday. The latest report, Wind at the Core: Driving India's Green Ambitions and International Influence, was unveiled in the presence of New & Renewable Energy Secretary Santosh Kumar Sarangi. The report details how installed wind capacity in India can more than double from 51 GW at present to 107 GW by 2030, in line with state-level Resource Adequacy Plans (RAP). This is pivotal to help India achieve the least cost pathway for a successful energy transition. Further, reports from organisations like NREL, IEA, WRI, and Lawrence Berkeley recommend even higher wind capacity (121-164 GW) by 2030. Addressing grid concerns, strengthening RPO compliance, and aligning bidding processes with state offtake needs could push installations toward the full potential, the report stated. On the occasion, ...

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