Page 2 - Renewable Projects

Gujarat's new policy to generate 50% power via renewable sources by 2030

Gujarat Energy Development Agency (GEDA) will act as nodal agency for project registration, validation, commissioning certificate and monthly progress report

Tata Power arm in deal with steel maker Sanyo to set up captive solar plant

Tata Power: The solar plant is projected to produce an annual electricity of 61.875 million units and will be likely commissioned by March 2024

Transmission planning should take renewable energy into account: Minister

R K Singh told officials that by 2030, the country's installed power capacity is likely to grow to over 777 GW

NHPC to develop 2,000 MW of pumped storage, renewable projects in Odisha

State-owned NHPC Ltd has inked an initial pact with an Odisha state utility to develop 2,000 MW of pumped storage projects and 1,000 MW renewable energy in the state. The MoU signed with GRIDCO Ltd envisages setting up self-identified pumped storage projects of at least 2,000 MW and renewable energy projects (Ground-Mounted Solar Projects / Floating Solar Projects) of at least 1,000 MW in the state, a power ministry release said. The MoU was signed on 23rd June 2023, by Executive Director (Strategy Business Development and Consultancy), NHPC, Rajat Gupta and Managing Director, GRIDCO Limited, Trilochan Panda, it stated.

Rockefeller Foundation to study energy transition amid rapid innovations

The Rockefeller Foundation is studying India's energy transition, especially with the fast-changing innovations and technologies that will fit into the development of low-carbon electricity systems and phase down fossil fuels. We are trying to understand what are the important things that are going to be needed in India during G20 and post-G20, Deepali Khanna, the Foundation's Vice President for Asian Office in Bangkok, said at the Ecospirity Week held June 6-8 in Singapore. India is a fast-growing economy and Khanna is confident that it is going to get to its target of Net-Zero Goal by 2070. But there is a lot that needs to happen now, she pointed out. Where and how can we provide technical assistance how can we bring about global lessons that we are learning innovations among others, said Khanna. We are keeping our eyes open to see what is there in the form of innovation. A lot is happening and a lot more needs to happen, she said of development around the energy transition ...

Pumped storage projects may create 7,000 jobs in Maharashtra: NHPC

The MoU sets the stage for the establishment of four pumped storage projects, which will have a combined capacity of 7,350 MW

Adani focuses on energy as green unit's net income quadruples in 3 months

Adani Green Energy Ltd., India's top renewables company, saw net income in the three months through March more than quadruple to 5.07 billion rupees ($62 million)

PM Modi's green dream at risk as Indian renewables hit by headwinds

Energy transition investments in India already lag behind other major nations, and now the cost of capital is increasing as global interest rates rise

BrightNight, ACEN ink $250 mn pact for India renewables buildout

Renewable power producer BrightNight on Monday announced its partnership with ACEN Corporation and plan to deploy USD 250 million equity for the development and operation of BrightNight's 1.2 GW renewable energy portfolio. BrightNight and ACEN will partner to develop and build differentiated hybrid wind-solar projects, with a calibrated use of energy storage, that operate around the clock, with a focus to serve the specific demand from high credit rated central and state utilities as well as commercial and industrial offtakers, a statement said. "BrightNight, the next generation and global renewable power producer built to deliver clean and dispatchable solutions, today announced that it has formed a partnership with ACEN Corporation, through ACEN Renewables International Pte Ltd and ACEN International, Inc. (collectively, ACEN), to accelerate the development, construction, and operation of BrightNight's initial 1.2 GW, multi-technology renewable power portfolio in India," it ...

Rs 2.44-trn plan for 500-Gw renewable energy transmission launched

Liberty to Renewable project developers to sell on Exchanges till Transmission comes up: Power Minister

Carbon reduction hinges on share of renewables in energy: TKM's V Kirloskar

The share of renewable energy as a percentage of total generation is only 30 per cent. Unless this goes up I don't see carbon emission coming down, Kirloskar said

Sembcorp acquires 100% stake in GIP-backed Vector Green for Rs 2,780 cr

Vector has a total portfolio of 583 Mw across 13 states; deal will take Sembcorp's gross renewable assets in India to 3 Gw

International Solar Alliance's 5th Assembly to be held from Oct 17 in Delhi

Union Minister for Power and New and Renewable Energy RK Singh unveiled the curtain raiser to the Fifth Assembly of the International Solar Alliance to be held in New Delhi from October 17-20, 2022

SJVN eyeing to develop 5,000 MW renewable energy projects in Punjab

After signing a pact for developing 10,000 MW solar projects and parks in Rajasthan, public sector SJVN is now eyeing to tap renewable energy in Punjab

Sri Lanka amends law to eliminate competitive bidding for energy projects

The move to remove competitive bidding for energy projects has run afoul of the Opposition parties and electricity board trade unions

Record $14.5 bn investment in Indian renewable energy sector, says IEEFA

Investment in renewable energy in India reached a record $14.5 billion in the last fiscal (2021-22), an increase of 125 per cent compared to FY2122,a report said

Budget lists steps to make India solar powerhouse without China's help

Country plans to more than quadruple its renewable power generation capacity to 450 gigawatts by 2030.

Budget lists steps to make India solar powerhouse without China's help

Country plans to more than quadruple its renewable power generation capacity to 450 gigawatts by 2030.

A must-surge year for climate goals

India has just crossed 100 GW of renewable capacity, leaving us around 350 GW to install to hit 450 GW

Expect 6-8 Gw of renewable projects in the market soon: Virescent CEO

India's first renewable InvIT raised Rs 400 crore recently; CEO Sanjay Grewal says there is enough capital to support their investment strategy