Renewable Power

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

Renewable power project proposals are beginning to make their presence felt in state investment meets

Analysts see the renewable energy sector as a long-term structural play given the growing climate awareness and the government's efforts towards adoption of green energy sources

Modi holds talks with Biden, Sunak, Macron

The increased expenses slashed profits of some of the biggest mills in India at a time when commodity prices were rallying to multi-year highs

Singh appreciated the resolve of Maldives government to achieve net zero emission target by 2030, according to a power ministry statement

India added 13.5 GW of renewable energy capacity in 2021-22, which is 128 per cent higher than that in 2020-21, a statement said on Thursday.

Japanese conglomerate Mitsui has agreed to take a 49 per cent stake in ReNew Power's round-the-clock renewable power project, the Indian firm said on Wednesday. ReNew signed a 400 MW Round-The-Clock (RTC) PPA last year to supply electricity to the Solar Energy Corporation of India (SECI). For the 400 MW PPA (Power Purchase Agreement), the company will install 1,300 MW of renewable energy capacity and up to 100 MWh of battery storage. "ReNew Power has finalised a partnership with Mitsui & Co Ltd, a leading global general trading and investment firm. "The partnership will see Mitsui invest in the RTC renewable energy project being developed by ReNew," the company said in a statement. It did not give the financial details about the deal. The RTC project will consist of three newly-built wind farms and one solar plus battery storage farm (1,300 MW in total plus up to 100 MWh battery storage) across the states of Rajasthan, Karnataka, and Maharashtra, and provide 400 MW of electricity

The money will be used to refinance existing high-cost debt and fund capital expenditure

India recently reached 100 Gw of renewable power capacity

Siemens Ltd on Friday said it has inked an agreement for subscription of 26 per cent paid up equity share capital of Sunsole Renewables for Rs 1.6 crore

OPEC says that more electric vehicles on the road and the push for alternative and renewable energy will indeed usher in an era of declining demand for oil in rich countries

The challenge at this stage of renewable power induction is to see whether the low tariffs are truly reflective of the cost that state discoms additionally pay for thermal power they are not using

'Green investments must therefore compete with brown (non-green) investments to find large markets and generate attractive returns', says the author

India has set up ambitious target to raise its renewable capacity to 450 GWs by 2030 from the current 100 GWs to cut dependence on thermal power

Ministry of New and Renewable Energy announced that total installed renewable energy capacity in India, excluding large hydropower, has crossed milestone of 100 GM about 26 pc of total capacity

Torrent Power on Friday said it has inked an agreement with Lightsource India Ltd and Lightsource Renewable Energy (India) Ltd for acquisition of a 50 MW solar plant.

Frequent delays to hurt the 175 GW RE capacity target of next year

India is planning to expand its renewable power capacity fivefold to 450 gigawatts by 2030

Continuum Wind Energy Ltd was founded in 2012 and is focused on establishing an independent renewable power producer business in India