Page 11 - Renewable Energy

Gujarat tops NITI Aayog's Energy and Climate Index chart Round I

Gujarat amongst the larger states and Goa amongst the smaller states have topped the NITI Aayog's Energy and Climate Index, the Round I for which was launched on Monday here

LNG price volatility a cause of concern for consumers: Nakul Raheja

We see a very bright future for gas in India, said Shell Energy India's Raheja, In terms of long term LNG prices, volatility has been a lot less

Japan's Mitsui to take 49% stake in ReNew Power's power project

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

Tata Power Renewables commissions 300MW solar plant in Gujarat

"It is India's largest single-axis solar tracker system," a company statement said.

Unsettling the energy mix, clawbacks

The energy markets are in a flux and the ideal mix is changing.

Hindustan Zinc to invest Rs 350 crore to develop 200 MW renewable capacity

Mining firm Hindustan Zinc Limited (HZL) on Thursday said it will invest Rs 350 crore to develop up to 200 megawatt (MW) renewable energy capacity through a special purpose vehicle.

DVC, NTPC establish joint venture for renewable power projects

DVC will hold 49 per cent and NTPC Renewable will hold 51 per cent in the JV

Govt mulls exempting some projects from solar import taxes

'We have requested Ministry of Finance to consider grandfathering of basic customs duty for projects bid out before March 9, 2021,' the renewable energy ministry said

ArcelorMittal, Greenko to set up $600 mn renewable energy project

Project will be owned and funded by ArcelorMittal, will enable AM/NS India to prune power costs and carbon emissions

Suzlon Energy awaits shareholder approval for a third bailout package

The new lenders are bailing out the company by infusing additional funds and converting their loans worth Rs 4,100 crore into equity

ArcelorMittal ties with Greenko Group to develop a 975MW RE project

Global steel and mining firm ArcelorMittal on Tuesday announced its strategic partnership with Greenko Group for developing a round-the-clock renewable energy project with 975 MW of nominal capacity.

India scurries on green bond plans to secure energy needs ahead of Europe

Both regions seek to attract big money to build renewable capacity and prune reliance on Russian gas following the outbreak of the Ukraine war

India adds 1.2 GW open access solar capacity in 2021: Mercom India

India's solar open access installations witnessed a sharp growth during 2021 with the country adding 1.2 gigawatts (GW) of open access solar capacity during the year, according to Mercom India.

Andhra HC order upholding PPAs positive for renewable energy sector: ICRA

The High Court of Andhra Pradesh upholding the sanctity of PPAs (power purchase agreements) is a positive development for the renewable energy sector, ICRA said on Wednesday. The High Court of Andhra Pradesh vide its order on March 15, 2022 in the matter of PPA tariff renegotiation for wind and solar power projects, has directed the state discoms to honor the terms of the signed PPAs and clear the pending payments, as per the agreed tariff under the PPA within six weeks from the date of the order. "The order issued by the AP High Court upholding the sanctity of the signed PPAs is a significant positive development for the renewable energy sector and thus, will provide a major liquidity relief for the affected IPPs in the state," Girishkumar Kadam, Senior Vice President & Co-Group Head - Corporate ratings, ICRA, said in the statement. According to Kadam, pending resolution of PPA tariff renegotiation matters has been a key concern for the RE sector and in turn affected the credit ..

E2S Power, India Power tie up for thermal storage facility in India

E2S Power and India Power have inked a pact to work on transforming fossil fuel power station into thermal storage systems for renewable energy in the country

India adds record 10 gigawatt solar capacity in 2021: Mercom report

The country had made 3.2 GW of solar capacity installations during 2020, Mercom India Research said in its latest report

UN chief Guterres calls for speedy transition to renewable energy

The UN chief warned that global average temperatures have already risen by 1.1 degrees Celsius

Renewable energy company Greenko plans to raise $500 mn to rejig debt

The actual fundraising is dependent on market sentiments amid an escalation of the Russia-Ukraine conflict, which had increased volatility

LNG in post-Covid era: How global demand and supply will shape India market

India has set a target of raising the share of natural gas in its energy basket to 15 per cent by 2030 from the current 6.72 per cent

Buy, Sell and Trade: India will soon have Electricity OTC market

The over-the-counter market allows buyers and sellers to directly transact conventional and renewable electricity, and negotiate the price and contract