Wind Power

Lack of regulatory clarity could drive away private ESG finance for India

Political shift is affecting ESG investing

Suzlon gets Jindal Renewables wind plant deal for green steel production

Project is the largest commercial and industrial wind energy order in India, say companies

Tata Power plans 66% higher capex at Rs 20k cr in FY25; to spend 50% on RE

Tata Power has planned a 66 per cent higher capital expenditure of Rs 20,000 crore in this fiscal compared to a year ago, which will mainly focus on projects supporting energy transition and India's net-zero emission target by 2070. During the year ended March 2024, the capex (capital expenditure) was around Rs 12,000 crore, the company's CEO Praveer Sinha said during a post earnings conference call. "This year we are targeting to spend around Rs 20,000 crore," he said in reply to a question on company's planned capex. Sharing the breakup of the investment plant, Sinha said about 50 per cent will be on renewables (projects). The remaining will be mix of transmission, distribution and conventional projects. The company will fund the capex through internal accruals and some debt, Sinha said. Tata Power on Wednesday posted an 11 per cent rise in its consolidated net profit to Rs 1,046 crore in the March 2024 quarter compared to the year-ago period, mainly on the back of higher ...

Microsoft to power data centres with Brookfield renewables deal: Report

Microsoft expects its partnership with Brookfield to help finance the creation of renewable electricity projects to be built between 2026 and 2030

REC Q3 profit up 13.5% at Rs 3,308 cr, income rises to Rs Rs 12,071 cr

State-owned REC Ltd on Tuesday posted about a 13.5 per cent rise in its consolidated net profit to Rs 3,308.42 crore for the December 2023 quarter, mainly on the back of higher revenues. Its consolidated net profit was Rs 2,915.33 crore in the quarter ended December 2022, a BSE filing showed. The total income rose to Rs 12,071.54 crore in the quarter from Rs 9,795.47 crore in the same period a year ago. The board, in its meeting on Tuesday, also approved the incorporation of a project-specific special purpose vehicle as a wholly-owned subsidiary of REC Power Development & Consultancy Limited (a wholly-owned subsidiary of REC Ltd) for the selection of a successful bidder as Transmission Service Provider (TSP) for Eastern Region Expansion Scheme- XXXIX project allocated by the Ministry of Power through tariff based competitive bidding process. Besides, it also approved the sale and transfer of the entire shareholding of six subsidiaries (power transmission projects), presently held

Asian economies must ramp up solar power to keep global warming under 1.5C

To meet the goal of limiting global warming to 1.5 degrees Celsius (2.7 degrees Fahrenheit), nine major Asian economies must increase the share of electricity they get from renewable energy from the current 6% to at least 50% by 2030, according to a report by a German thinktank released Wednesday. Nearly a third of that renewable energy should come from wind and solar power, said the report by researchers of Berlin-based Agora Energiewende. A fifth would be hydropower and other clean sources and the remainder, fossil fuels. The study analyzed energy plans of both developing nations like Indonesia and Vietnam where demand for energy is growing rapidly, and wealthier places like Japan and South Korea, which have among the highest burdens of per capita greenhouse gas emissions. It did not include China, the world's biggest emitter of carbon, or India, another major contributor. A global temperature increase of 1.5C (2.7F) since pre-industrial times is considered a critical climate ...

India need subsidies to meet renewable energy targets: Energy Vault exec

Renewable electricity available at any time of the day and night "is sort of a holy grail," Piconi said. "It's not achievable with the current technologies, because they are not economical."

Suzlon Group secures 29.4 MW wind capacity order from BrightNight

Suzlon Group on Friday said it has secured a new order to install 29.4 MW wind capacity from BrightNight in Maharashtra. The capacity is a part of BrightNight's 100 MW wind-solar hybrid project in Osmanabad in Maharashtra, Suzlon Group said in a statement. "Suzlon will install 14 units of S120 140m wind turbine generators with a hybrid lattice tubular tower and a rated capacity of 2.1 MW each," it said without disclosing the order value. The project is expected to be commissioned in phases, beginning April 2024, and curb 2.5 lakh tonne of CO2 emissions per year, it added. Suzlon will execute the project with a scope of supply, installation, and commissioning. Additionally, Suzlon will offer post-commissioning operation and maintenance services. JP Chalasani, Chief Executive Officer, Suzlon Group said, the power generated from this project will target the Commercial and Industrial (C&I) customer segment, creating deeper penetration of renewable energy in India. Pune-based Suzlon .

Sri Lanka plans to place Adani projects under 'govt-to-govt' deal

Its power ministry cites economic distress among reasons for the move

Shell's renewables boss Thomas Brostrom to leave after CEO strategy shift

Thomas Brostrom joined Shell from offshore wind giant Orsted in August 2021 to head offshore wind as the company planned to rapidly grow its wind and solar operations

10 KW Solar-wind hybrid power plant installed in Arunachal Pradesh

The Arunachal Pradesh State Council for Science and Technology in collaboration with the School of Energy Science & Engineering under IIT Guwahati installed a solar-wind power plant in Papum Pare district on Friday. The 10-KW hybrid plant system was set up at Rural Technology Demonstration Centre (RTDC) in Kimin. The system has a four-blade horizontal axis wind turbine of 5 KW capacity installed at 12-metre height from the ground level and another 5 KW-capacity solar photovoltaic panels, officials said. The energy generated from the plant would be monitored using a hybrid charge controller and would be stored in a battery bank. APSCS&T chairman Bamang Mangha along with its director C D Mungyak among others were present on the occasion. The advantage of a wind-solar hybrid system is that power generation is uninterrupted throughout the year without getting hampered by seasonal changes, an official said. "Such a hybrid system technology with a higher capacity is viable in the ...

Govt waives ISTS charges on offshore wind, green hydrogen, ammonia projects

In case a project is eligible for waiver of ISTS charges based on its original COD, the same benefit will continue to be made available if COD is extended by a BS web competent authority

CRISIL reaffirms ratings for Adani Group's solar, wind power units

The shares of listed Adani group companies have witnessed huge volatility in prices after US-based short-seller Hindenburg's research report

Sri Lanka investment board approves $442-mn Adani Green wind power plants

Sri Lankans have been struggling with rolling powers cuts for over a year as the country struggled to generate sufficient amounts of thermal and coal power

56 Gw of wind power projects on offer without reverse bidding

The bids will be on a single stage two envelope closed bid basis with one containing technical bid and other financial bid

India to invite bids for 8 Gw wind power projects annually till 2030

The auction model had led to an artificial lowering of prices

Govt allows agencies to extend commissioning date of solar, hybrid projects

In a bid to provide relief to renewable energy players, the government has allowed the implementing agencies to extend the commissioning date of solar PV and solar PV-wind hybrid power projects till March 31, 2024. "Solar PV power developers/associations have represented to MNRE that there is a supply chain disruption in the solar PV sector and have requested appropriate reliefs to tackle the same," the Ministry of New and Renewable Energy (MNRE) said in a notification on Thursday. "This issue has been examined in the Ministry and it has been decided that implementing agencies SECI/NTPC/NHPC may extend the scheduled commissioning date (SCD) till 31.03.2024 and commensurately extend other associated intermediate milestones of such solar PV/Solar PV-wind hybrid power projects, wherein the last date of bid submission was on or after 10.04.2021 and whose SCD, including time-extensions, already granted, if any, is before 31.03.2024, and who wish to avail such time-extension," it said. Th

Why India needs to build a robust framework to facilitate energy transition

The investment buzz for the transition has begun but policy frameworks still lag the process

Inox Green to acquire majority stake in independent wind service provider

Inox Green Energy Services on Monday said it will acquire a majority stake in an independent wind service provider that operates majorly in South India with a 230+MW fleet. However, the company did not disclose the value of the transaction and the name of the target company. The transaction is subject to certain regulatory and other customary closing conditions and is expected to conclude by the end of January 2023, a company statement said. "Inox Green...has signed a term sheet for acquisition of majority stake in a renowned independent O&M (operations and maintenance) wind service provider with a 230+MW fleet that operates majorly in South India," it said. The target company specializes in O&M of multibrand wind turbine OEMs (original equipment manufacturers) and provides comprehensive O&M services as well as specialized corrective maintenance services. Inox Green is actively pursuing inorganic growth opportunities along with the rapid growth that it envisages from the ..

It's challenge to meet tariffs for wind power in India: Engie MD

Discoms not looking at signing agreement for procuring power at such high tariffs, says senior executive of French utility's unit