Page 5 - Renewable Enrgy

Why Bernstein thinks Waaree, Premier Energies will 'Underperform' ahead?

While the Indian solar photovoltaic (PV) manufacturing space is an intriguing one, Bernstein sees potential risks.

BluPine Energy secures Rs 1,787 cr funding from NaBFID

BluPine Energy on Tuesday said it has secured Rs 1,787 crore in funding from the National Bank for Financing Infrastructure and Development (NaBFID). The collaboration with NaBFID will help in lowering debt servicing costs, improving cash flow, and enabling financial flexibility, BluPine said in a statement. "BluPine Energy has successfully closed a structured financing deal of Rs 1,787 crore with NaBFID to strengthen renewable energy portfolio," it said. The funds will be deployed towards repowering existing solar assets, enhancing their efficiency and operational effectiveness, the company added. The financing will drive long-term portfolio expansion, improving the internal rate of return (IRR) and supporting BluPine Energy's sustainability goals. BluPine Energy CEO Neerav Nanavaty said, "This transaction strengthens our financial foundation, allowing us to scale operations while contributing to India's renewable energy goals". BluPine Energy is a leading renewable energy servi

Tata Power up 3% as arm to built 7000 MW renewable projects in Andhra

"Tata Power Renewable Energy Limited and Andhra Pradesh Government sign MoU to develop up to 7,000 MW of renewable energy projects," the filing read

Vikram Solar to set up 1 GWh solid-state battery plant, expand to 5 GWh

The integrated solid-state battery manufacturing facility plans to scale up to 5 GWh, reinforcing India's push for energy storage and self-reliance

Suzlon secures 204.75 MW wind energy order from Jindal Renewables

Renewable energy solutions provider Suzlon on Tuesday said it has bagged a 204.75 MW wind energy order from Jindal Renewables. The new order was bagged from Jindal Green Wind 1 Pvt Ltd, a subsidiary of Jindal Renewables. Suzlon will supply 65 state-of-the-art S144 wind turbine generators (WTGs) with Hybrid Lattice Towers (HLT), each rated at a 3.15 MW capacity, a company statement said. The order will be executed in the Karur region of Tamil Nadu. This partnership is Suzlon's largest Commercial & Industrial (C&I) order with a cumulative capacity of 907.20 MW. Earlier, Suzlon secured two orders to power Jindal Steel's plants in Chhattisgarh and Odisha, adding 702.45 MW of wind energy. "Building on our initial successes in Karnataka, we're now expanding the Low CO2 Steel movement to Tamil Nadu, a trailblazer in wind energy," Girish Tanti, Vice Chairman, Suzlon Group, said Currently, C&I customers account for 59 per cent of Suzlon's total order book, which has now reached a ..

Micromax makes foray into renewable energy space with Startup Energy

Home-grown consumer electronics brand Micromax Informatics on Wednesday announced its foray into renewable energy segment with the launch of Startup Energy. This new venture aims to revolutionize solar panel manufacturing in India, driving the widespread adoption of sustainable energy and supporting the country's ambitious clean energy mission, a company statement said. As the world accelerates its transition to clean energy, Startup Energy is poised to play a pivotal role in India's renewable energy revolution, it added. The company will focus on producing high-efficiency solar panels for residential, commercial, and industrial applications, ensuring affordable and scalable solar power solutions across the country. "Our goal is to make clean energy more accessible, reliable, and cost-effective, ensuring that individuals and businesses alike can benefit from sustainable power solutions," Rajesh Agarwal, Managing Director, Micromax Informatics said. As part of this expansion, Micro

Govt must double renewable capacity additions to meet 2030 energy targets

The country has set a target to achieve at least 500 GW of non-fossil power capacity by 2030

Extend waiver on charges for renewable energy till 2030: Power producers

Power producers have asked the government to keep the waiver on inter-state transmission charges for renewable energy until 2030 to help clean energy take root more deeply in India's economy. A consultative meeting chaired by Minister for New and Renewable Energy Pralhad Joshi was held on February 5, where Wind Independent Power Producers Association (WIPPA) and other associations shared their concerns and suggestions. A key demand from the players was to extend the waiver on inter-state transmission system (ISTS) charges, which is otherwise due to end on June 30 this year, sources aware of the matter said. Renewable energy players requested MNRE to extend the ISTS waiver till 2030 to promote investments in the sector and aid India's ambitious energy transition goals. Currently, charges are waived for 25 years for green power projects such as solar, wind, and hybrid projects, and battery energy and pump storage projects commissioned before June 30, 2025. The current ISTS waiver he

Suzlon bags order from Oyster Renewable to supply wind turbine generators

Suzlon Group on Wednesday said it has secured a repeat order from Oyster Renewable to supply 64 wind turbine generators each having a rated capacity of 3.15 megawatts (MW). It will supply 64 wind turbine generators (WTGs) of S144 series with Hybrid Lattice Towers (HLT) to Oyster Renewable in Madhya Pradesh, the company said in a statement. "Suzlon Group has secured a repeat order of 201.6 MW from Oyster Renewable, reasserting its leadership in India's wind energy sector. With this latest addition, Suzlon's partnership with Oyster Renewable has now grown to 283.5 MW in Madhya Pradesh within just nine months," it said. Girish Tanti, Vice Chairman, Suzlon Group, said, "After working with us for commissioning, Oyster has now trusted Suzlon with a full EPC order, reinforcing our position as the preferred renewable energy partner." J P Chalasani, Chief Executive Officer, Suzlon Group, said, Madhya Pradesh has become a key wind energy hub. This is company's 5th repeat order this ...

Best of BS Opinion: How India's renewable energy success turned sour

Today's pieces cover diverse topics: our editorials examine how India's renewable energy sector is now a victim of its own success, and ponder the government's inexplicable pause on privatisation.

Juniper Green Energy secures $1 billion fund in phased debt financing

Renewable energy developer Juniper Green Energy on Monday said it has secured USD 1 billion in phased debt financing over the past few months from leading financial institutions. This strategic funding will support the growth and development of Juniper Green Energy and its subsidiaries, specifically for wind-solar hybrid and Firm & Dispatchable Renewable Energy (FDRE) projects. The company has successfully secured USD 1 billion in phased debt financing over the past few months from leading financial institutions, including Power Finance Corporation Limited (PFC), DBS Bank, HSBC Bank, and the Indian Renewable Energy Development Agency Limited (IREDA), Juniper Green Energy said in a statement. This fresh debt financing positions Juniper Green Energy to execute large-scale renewable projects, strengthen its operational capacity, and meet the rising demand for clean energy, it informed. Juniper Green operates a total capacity of 1.1 GWp. Recent developments include Juniper Green ...

Wind industry seeks policy parity, infra support to meet energy goals

As the Union Budget approaches, industry leaders hope for measures that will align policy, infrastructure, and investment to further strengthen India's renewable energy sector

India aiming for 1,800 GW RE by 2047, 500 GW by 2030: Pralhad Joshi

India is eyeing a long-term target of 1,800 GW of renewable energy capacity by 2047 under 'Viksit Bharat@2047' vision when the nation will celebrate 100 years of independence, Union Minister Pralhad Joshi said on Wednesday. Addressing the India Energy Transit Summit here, Joshi, who has the portfolio of 'Ministry of New & Renewable Energy', said, "Overall, things are very fast. Now we are not thinking about 2030 (when 500 GW of renewable energy capacity will be achieved), we are thinking about 2047." He said whatever is planned for 2030 will be done but we are also thinking about 2047 (target of 1,800 GW). "We have a long-term vision and roadmap under Prime Minister Narendra Modi's leadership for 2047... We will definitely achieve 500 GW capacity by 2030, that is for sure. We are even working for 1,800 GW installed non-fossil capacity by 2047." The minister said 500 GW by 2030 is a short-term plan and the government is focusing on a long-term goal for 2047. He said, "We have ...

NTPC Renewable Energy starts 110 MW commercial supply from 2 solar projects

State-owned power giant NTPC on Friday said its step-down arm NTPC Renewable Energy has started commercial supply of 110 MW electricity from two different solar projects. With this, the total installed and commercial capacity of the NTPC group has now become 76,708.18 MW, a BSE filing stated. According to the filing based on the certificate issued on January 9, 2025, by Solar Energy Corporation of India (SECI), the second part capacity of 60 MW out of 320 MW Bhainsara Solar PV Project in Jaisalmer, Rajasthan of NTPC Renewable Energy Ltd (NTPC REL), a step-down subsidiary of NTPC Ltd through its subsidiary NTPC Green Energy Ltd, is declared on Commercial Operation with effect from January 7, 2025. The first part's capacity of 160 MW has already been declared for commercial operation from August 28, 2024. It further stated that the second part capacity of 50 MW out of 220 MW Shajapur Solar Project (Unit-II) at Shajapur, Madhya Pradesh of NTPC REL, is declared on commercial operation

JSW Energy share price pops 8% on inking deal to buy O2Power for $1.47 bn

The uptick in JSW Energy share price came after its arm, JSW Neo, signed a definitive agreement with O2 Power to acquire 4,696 MW of renewable energy (RE) platform for $1.47 billion

Bihar attracts investment proposals of Rs 1.8 trn at global investors' meet

The Bihar government on Friday said it has attracted record investment proposals of nearly Rs 1.81 lakh crore across different sectors such as renewable energy, food processing and manufacturing from an array of corporates, including the Adani Group, Sun Petrochemicals, and others. At the end of the two-day global investors' summit Bihar Business Connect 2024, Industries Secretary Bandana Preyashi said the Bihar government has signed MoUs for setting up 423 units with an investment of Rs 1,80,899 crore. "We are overwhelmed with the response from corporates. It is beyond our expectations. We have received investment proposals of over Rs 1.8 lakh crore," she told reporters here. Sun Petrochemicals and Adani Group were among an array of industrial houses that lined up a record Rs 1.8 lakh crore investments across sectors in Bihar, more than triple of Rs 50,300 crore the state received at its maiden investor meet last year. Preyashi said Sun Petrochemicals will invest Rs 36,700 crore i

Ashoka Buildcon to invest Rs 9,000 cr in green hydrogen plant in Bihar

Construction engineering company Ashoka Buildcon plans to invest Rs 9,000 crore in setting up a green hydrogen plant in Bihar, its COO-Renewable Energy Mayank Sharma said Friday. The company signed a memorandum of understanding with the state government, committing to investing in the plant, during the Bihar Business Connect 2024. The Maharashtra-based firm is in highway construction, power distribution and solar projects. Sharma said the company will set up a 1,250 MW solar project and use the clean electricity to produce green hydrogen by splitting water. "The first phase of the plant is being planned at Begusarai (in Bihar)," he said. Green hydrogen is the cleanest known source of energy, which produces just water from being burnt. Sharma said the first phase of the project will take 1.5-2 years to commission from the date of receiving all clearances. The second phase will follow thereafter. According to the latest presentation on the company website, Ashoka Buildcon had an

India to be global hub for renewable energy in next 30 years: US Ambassador

Like the resilience of a palm tree that grows notwithstanding the "strongest storm" and "biggest wind", the India-US relationship will continue to thrive and benefit the world, US Ambassador Eric Garcetti said on Monday. In an address at an event, the envoy specifically lauded India's "bold goals" for renewable energy and said it will emerge as the "shop floor" globally in the sector in the next 30 years. "India's ambitious targets and policies are making it a leader in solar and wind capacity, not just for this country, but to be able to manufacture at cost for the world -- the solar panels that we need, the electrolyzes that we want, the batteries that are critical," he said. "India will, mark my words, in the next 30 years, be the shop floor for the renewable energy revolution," he said. The outgoing ambassador was speaking at the South Asia Women in Energy leadership summit hosted by the US-India Strategic Partnership Forum (USISPF). The ambassador narrated an episode of a hot

TotalEnergies to buy Germany based renewables firm VSB for 1.57 bn euro

The VSB announcement comes days after TotalEnergies' renewables strategy faced a series of setbacks in other regions

Suzlon Group secures order of 302 MW wind project from Jindal Renewables

Suzlon Group on Wednesday said the company has secured an additional wind project of 302.4 megawatt from Jindal Renewables in Karnataka. In October, Suzlon had announced securing a 400-megawatt (MW) wind power deal from Jindal Renewables Power. "Suzlon and JSP Green Wind 1, a subsidiary of Jindal Renewables, have expanded their partnership with an additional 302.4 MW wind power project in the Koppal region of Karnataka," the group said in a statement. The second order brings the total capacity from Jindal Renewables to 702.4 MW, making it Suzlon's largest-ever commercial and industrial (C&I) order from a single customer. Under the strategic agreement, Suzlon will supply 96 wind turbine generators (WTGs) of S144 series with hybrid lattice (HLT) towers, each rated at a 3.15 MW capacity. The power generated will be used at steel plants in Chhattisgarh and Odisha, Suzlon said without disclosing the exact value of the multi-crore order. Suzlon Group Vice-Chairman Girish Tanti said, ..