Renewable Energy

Small-sized projects below 500 megawatt are not offered anymore in the tenders by central government agencies

The government on Wednesday announced a plan to add 250 GW of renewable energy capacity in the next five years to achieve its target of 500 GW of clean energy by 2030. The government has decided to invite bids for 50 GW of renewable energy capacity annually for the next five years i.e., from Financial Year 2023-24 till Financial Year 2027-28, a Ministry of New and Renewable Energy statement said. These annual bids of ISTS (Inter-State Transmission) connected renewable energy capacity will also include setting up of wind power capacity of at least 10 GW per annum, it stated. The plan finalised by the Ministry of New & Renewable Energy (MNRE) at a meeting chaired by Union Minister for Power & New and Renewable Energy R K Singh last week, is in accordance with the Prime Minister's announcement at COP26, of achieving 500 GW of installed electricity capacity from non-fossil fuel (Renewable Energy + Nuclear) sources by 2030. India currently has a total renewable energy capacity of

India currently has a total renewable energy capacity of 168.96 GW (as on February 28, 2023) with about 82 GW at various stages of implementation and about 41 GW under tendering stage

Waaree Renewable Technologies on Wednesday said it has bagged an order to build a 221.8 MWp solar power project from a steel maker. "We have received a Letter of Award (LoA) from one of India's leading steel manufacturing companies for the execution of Engineering, Procurement and Construction (EPC) works of a solar power project of 221.8 MWp DC capacity," it said in a BSE filing. The order is placed by a renewable energy arm of one of India's leading steel manufacturing companies. The project is likely to be completed in FY 2023-24, as per the terms of the contract. Waaree Renewable did not disclose the financial details of the project.

President Joe Biden's administration is making USD450 million available for solar farms and other clean energy projects at the site of current or former coal mines, part of his efforts to combat climate change. As many as five projects nationwide will be funded through the 2021 infrastructure law, with at least two projects set aside for solar farms, the White House said Tuesday. The White House also said it will allow developers of clean energy projects to take advantage of billions of dollars in new bonuses being offered in addition to investment and production tax credits available through the 2022 Inflation Reduction Act. The bonuses will "incentivize more clean energy investment in energy communities, particularly coal communities,,'' that have been hurt by a decade-plus decline in U.S. coal production, the White House said. The actions are among steps the Biden administration is taking as the Democratic president moves to convert the U.S. economy to renewable energy such as wi

Of this, at least one Gw would be wind energy

Its renewable energy capacity, excluding big hydro and nuclear power, exceeds 122 GW, while non-fossil capacity currently stands at more than 175 GW, according to government data as of February 28

The findings are also significant in light of the recent Ministry of Power mandate requiring all new coal power plants to set up renewable energy capacity equivalent to 40% of the plant's capacity

Shifting to green energy will allow decentralising electricity generation, reducing the vulnerability of the power system, and increasing the security of energy supplies, Galushchenko said

The company in a public statement said that over the past financial year, it had refinanced $525 million in the domestic markets ahead of the March 2024 maturity

State-owned NTPC Renewable Energy will supply 1,300 MW round-the-clock clean power to Greenko's upcoming green ammonia plant at Kakinada. NTPC Renewable Energy Ltd, a wholly-owned subsidiary of NTPC Green Energy Limited, has signed a term sheet with Greenko ZeroC Pvt Ltd (A Greenko Group company) on March 28, 2023, to supply 1,300 MW round-the-clock RE Power for powering Greenko's upcoming green ammonia plant at Kakinada, a statement said. The term sheet was signed in the presence of Mohit Bhargava, CEO (NTPC Renewable Energy Ltd), Anil Chalamalasetty, founder and MD, Greenko and other senior officials from NTPC REL, it stated. The agreement between the two companies is one of the world's single largest contracts for the supply of round-the-clock renewable supply for an industrial client, it noted. The term sheet was signed by Rajiv Gupta, Chief General Manager, NTPC Renewable Energy Ltd and Mahesh Kolli, founder and Joint MD, Greenko Group, at the NTPC office here.

State-owned IREDA on Monday said it has made a record Rs 16,320 loan disbursement and sanctioned loans worth Rs 32,578 crore in the 2022-23 fiscal. The milestone achieved is the highest in the history of the company, Indian Renewable Energy Development Agency Ltd (IREDA) said in a statement. "The company exceeded the historical mark and touched loan disbursement of Rs 16,320 crore and touched loan sanction of Rs 32,578 crore as on March 27, 2023). Last year, IREDA has achieved loan disbursement of Rs 16,071 crore and loan sanction of Rs 23,921 crore," it said. Pradip Kumar Das, Chairman and Managing Director, IREDA, said the record-breaking loan disbursement and sanction reflect the company's commitment towards its mission of promoting and financing renewable energy projects in India. IREDA, under the Ministry of New and Renewable Energy (MNRE), is a non-banking financial institution engaged in promoting, developing and extending financial assistance for setting up projects relatin

Increase in cost has pushed states to seek tariff hike in the range of 15-30%

Frequent changes in rules governing domestic equipment use in projects is slowing capacity addition

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

Shukla, who's worked for the company for more than three decades, is attempting to change its profile, branching out from construction of fossil-fuel plants into new areas

The violence by Naxals has come down by 77 per cent in over a decade while casualties of the security forces and civilians dropped by 90 per cent, Lok Sabha was informed

NTPC Green Energy Limited (NGEL) and Indian Oil Corporation Limited (IOCL) have inked pact for setting up of renewable energy projects to meet round-the-clock power requirement of IOCL refineries. The JV agreement was signed in the presence of Gurdeep Singh, Chairman and Managing Director of NTPC Limited and Shrikant Madhav Vaidya, Chairman of IOCL, among others. "The signing of this joint venture agreement between the two behemoths will enable NTPC Limited and IOCL to meet the government's clean energy targets in their respective core businesses," NTPC said in a statement on Monday. NTPC Ltd, through its wholly-owned subsidiary, NGEL, has set an ambitious target of building a renewable generation portfolio of 60 GW over the next decade to aggressively pursue its green energy business.

India can achieve energy independence by 2047, when it celebrates 100 years of independence, according to a study by the US Department of Energy's Lawrence Berkeley National Laboratory. The study titled "Pathways to Atmanirbhar Bharat" also notes India's energy infrastructure needs an investment of USD3 trillion in the coming decades. It determined that achieving energy independence will generate significant economic, environmental, and energy benefits for India which include USD2.5 trillion in consumer savings through 2047, reducing fossil fuel import expenditure by 90 per cent or USD240 billion per year, enhancing India's industrial competitiveness globally, and enabling its net-zero commitment ahead of schedule. "India's energy infrastructure requires a USD3 trillion investment in the coming decades, and our study finds that prioritizing new energy assets that are cost-effective and clean is crucial for long-term financial sustainability," said Berkeley Lab staff scientist and ..

Tamil Nadu was the second highest generator of electricity from wind energy power projects, as it generated 15,703 million units of electricity during the period under review