Page 8 - Energy Sector

Budget wishlist: Here're the key challenges for renewable energy sector

The amount overdue from discoms to RE generators has increased from Rs 13,761 crore in March 2021 to Rs 19,341 crore in December 2021

Reliance becomes promoter in SWREL, holds over 40% stake

Sterling & Wilson Solar Ltd is now known as Sterling and Wilson Renewable Energy

Govt tackling single-use plastic, achieved non-fossil energy targets: Modi

Highlighting the country's efforts towards conserving the environment along with building developmental infrastructure, the Prime Minister said this step was being recognised even globally

UK energy companies get billions to take clients of failed rivals

About 24 household suppliers have collapsed since early August as wholesale gas prices soared

Renew Power adds 300 MW; total capacity addition at 1.5 GW in FY22

Renew Power, which is traded on the Nasdaq exchange, has commissioned a 300 megawatt SECI solar project in Rajasthan, taking its total operating asset to a record 7.4 gigawatt till date. The Gurugram-based company has installed a record 1.5 GW of renewable energy projects so far this fiscal year despite the pandemic challenges and supply chain disruptions and is on track to meet its goal of 8.2 GW of operational capacity by the end of 2021-22. In 2020-21, Renew Power had closed with an operating capacity of 5.6 GW, it said in a statement on Tuesday. The bulk of Renew's organic capacity addition that led it to surge past the 7 GW-mark is in Rajasthan and Gujarat. The new 1.5 GW capacity addition has more than 1.3 GW of utility scale solar projects. These include 1.2 GW in Rajasthan, 105 MW in Gujarat, and 20 MW in Maharashtra. In wind projects, it has installed over 150 MW, including 136 MW in Karnataka and 22 MW in Gujarat. As much as 1.05 GW of the new generation capacity has PP

JSW Energy (Barmer) buys back shares for Rs 1,000 crore

The firm is a wholly owned subsidiary of JSW Energy Limited

India's rooftop solar addition triples to 1.3 GW in Jan-Sep 2021: Report

India's rooftop solar capacity addition tripled to 1.3 GW during January-September 2021 as compared to the same period a year ago, as per a report. The country added 448 megawatts (MW) of rooftop solar in July-September this year, a 14 per cent drop quarter-on-quarter (QoQ) compared to 521 MW installed in April-June, according to Mercom India Rooftop Solar Market Report Q3 2021. "In the first nine months (9M) of 2021, India added 1.3 GW of rooftop solar, a 202 per cent increase compared to 9M 2020 (January to September). Installations are the highest ever recorded in the 9M of a year," it said. Rooftop solar installations in July-September (Q3) were up 189 per cent year-on-year (YoY). In Q3 2021, 54 per cent of rooftop solar was installed in the residential sector, followed by commercial & industrial, and government sectors, with 44 per cent and 2 per cent, respectively. Residential installations were the highest for the second quarter in a row. "The rooftop market is showing ...

Shell & EKI Energy Services launch joint venture for carbon credit

A carbon credit is a certificate signifying that one tonne of carbon dioxide emission has been reduced from the atmosphere.

Adani Green inks agreement with SECI to supply 4,667 MW green power

The AGEL-SECI agreement to supply 4,667 MW is part of a manufacturing-linked solar tender of 8,000 MW awarded to AGEL by SECI in June 2020

No RE investor will come if energy bills not paid, action needed: R K Singh

Power Minister R K Singh expressed concern over rising dues of renewable energy producers that have not been paid by discoms

Adani Green Energy inks pact with SECI to supply 4,667 MW renewable energy

Adani Green Energy (AGEL) has inked a pact with state run Solar Energy Corporation of India (SECI) to supply 4667 MW of green energy. According to a company statement, this is the world's largest ever green power purchase agreement (PPA). "This is yet another step in our journey to enable India's dual objective to accelerate India's renewable energy footprint as well as promote domestic manufacturing under the Aatmanirbhar Bharat programme, said Gautam Adani, Chairman of the Adani Group. Following the proceedings at COP 26, it is increasingly evident that the world has to equitably transition to a low carbon economy faster than previously anticipated, he noted. This is why the Adani Group has committed USD 50-USD 70 billion of investment in the renewables space. This agreement keeps us well on track to our commitment to become the world's largest renewables player by 2030," Adani added. The AGEL-SECI agreement to supply 4,667 MW is part of a manufacturing-linked solar tender of 8,

Green certificates trade to resume on IEX, PXIL from Wednesday

Renewable Energy Certificate or green certificate trades were suspended in July 2020

India plans to achieve half of its renewable potential by 2030

The government needs to decide projects based on equity. For now, most of the renewable projects are concentrated in only a few states

Best of BS Opinion: The energy headwind, entrepreneurs of green era & more

Here are the best of BS Opinion pieces of the day

JSW Energy net profit falls 3.7% to Rs 339 crore in Sept quarter

The total revenue during July-September 2021 increased 12 per cent year-on-year

Adani Group commits 70% capex until 2030 to energy transition

Adani is incubating the first Indian data center company that will power all its data centers by renewable power by 2030.

China economy set to slow after successive batterings: Report

Crackdown on property market, energy crunch to hamper growth

India invites EoI for Battery Energy Storage System for 1 GW/hour project

Central Government has given go ahead for inviting the expression of interest for installation of 1000 MWh Battery Energy Storage System as a pilot project

EU proposes tax breaks, caps to shield users from energy rally

The rally in natural gas to power and emission permits is hurting everyone from German chemicals producers to Spanish households just as the economy is recovering from the pandemic

Oil whipsaws in volatile session as energy crunch stokes recovery concerns

Energy crunch stokes inflation, economic recovery concerns