Page 15 - Renewable Energy

Steel maker AMNS India looking to foray into domestic renewable market

Steel maker AMNS India is looking to enter the domestic green energy market, the company's CEO Dilip Oommen said on Friday. AMNS India is a 60:40 joint venture between Luxembourg-based ArcelorMittal and Nippon Steel of Japan. In 2019, the two foreign entities completed the acquisition of Essar Steel Limited plant located at Hazira in Gujarat, and later renamed it as ArcelorMIttal Nippon Steel (AMNS) India. AMNS India is exploring opportunities in the Indian renewable energy market, Oommen said. Without sharing any further details, he said the business plan is being worked on at present. In August, Lakshmi Mittal, the executive chairman of the parent firm ArcelorMittal along with Oommen had met the then Gujarat chief minister Vijay Rupani. During the meeting, Mittal had committed an investment of Rs 1 lakh crore in the state, of which Rs 50,000 crore was to be utilised to expand capacity of Hazira plant and the remaining Rs 50,000 crore in the field of hydrogen gas and renewable ..

'India should plan strategic fuel reserves', says Power Secy Alok Kumar

Several reforms in power transmission for renewables are in the offing, says union secretary of power, Alok Kumar

India's 450GW renewable energy goal by 2030 doable, says John Kerry

US Special Presidential Envoy for Climate John Kerry on Wednesday said India's goal of reaching 450 GW of renewable energy (RE) by 2030 is doable as it has already crossed the 100 GW RE mark. "It is really terrific to see India leading the ISA (International Solar Alliance). India is a close partner and the United States strongly supports India's goal of reaching 450 GW of renewable energy by 2030. "We believe that it's absolutely doable and will be done. India has already set an example for emerging economies by reaching 100GW of renewables," Kerry said while addressing a session of ISA general assembly. He further said,"What India has demonstrated with its low-cost solar auctions and build out of the transmission grids and massive solar parts program and other innovative policy tools can be replicated all over the world." Noting that solar energy is at the heart of the urgent climate action, he urged nations to take dramatic action to keep the 1.5-degree Celsius temperature rise

World's shift to renewable energy could pay the price for fuel crisis

Low prices, until recently, for energy of all types might have left consumers with too-rosy a picture of how much they will pay for fuel.

Reliance Industries looks at global tie-ups in renewables, says report

Ballard Power could be one of potential collaborators in fuels cells, Saudi Aramco for green ammonia and Siemens Green Energies for carbon capture and storage

India most cost-effective globally in rooftop solar power: Report

Rooftop solar photovoltaics account for 40 per cent of the global solar photovoltaics installed capacity and one-fourth of the total renewable capacity additions.

China's power crisis will go global if renewables don't replace coal

With about two-thirds of the grid powered by coal, the cost of digging up the black stuff has determined how much industrial users pay for their power.

India adds 6,530 MW solar, wind capacities during July 2020-June 2021: Rpt

India added a total of 6,530 mega watt (MW) of solar and wind capacities between July 2020 and June 2021, a report said on Wednesday

India retains 3rd position in RE investment attractiveness index

The report from EY ranks the world's top 40 markets on the attractiveness of their renewable energy investment and deployment opportunities

Reliance Industries invests nearly $29 million in Germany's NexWafe

The investment, expected to be completed this month, will accelerate product and technology development for NexWafe

ReNew expects to commission 10.2 GW renewable energy capacity by FY23

Renewable energy firm ReNew Power is looking to commission its 10.2 gigawatt (GW) capacity by financial year 2022-23. In a statement on Tuesday, ReNew said it also expects to generate an annual EBITDA (earnings before interest, taxes, depreciation, and amortization) of USD 1.1-1.2 billion with the commissioning of the 10.2 GW capacity. "ReNew expects to have its 10.2 GW portfolio operational by the end of FY23 which also includes 3.8 GW of committed capacity i.e. which has a PPA/LOA (Power Purchase Agreements/Letter of Award) or for which the company has a binding acquisition agreement "This capacity is expected to generate an annual EBITDA of USD 1.1 billion - 1.2 billion, double of USD 578 million in FY21," the company said. It further said it aims to have 18 GW of RE capacity by 2024-25, from the 6.4 GW operating at present. "As India sets its sight on achieving 450 GW of installed clean energy capacity by 2030, ReNew will be a leading catalyst of this transition from fossil-ba

India set to hit 450 GW renewable energy installed capacity by 2030: MNRE

Earlier this month, the MNRE in partnership with FICCI, organised a series of events, from October 6-8 during the Climate and Biodiversity Week at Expo 2020 Dubai.

Coal's problems are governance, not climate regulation

In a few short weeks, the world's leaders will gather for the United Nations' 26th Conference on Parties

India's solar energy output growth slows in September amid coal crisis

Growth in solar energy is critical this year as half of India's 135 coal-fired power plants have fuel stocks of less than three days

Global energy crisis is the first of many in the clean-power era

The shortages jolting natural gas and electricity markets from the U.K. to China are unfolding just as demand roars back from the pandemic

Adani Group to triple solar power generation capacity in 4 years

Gautam Adani said over the next decade, his group would invest over $20 billion in renewable energy generation.

The highs, hurdles and grey areas in Adani's green energy dreams

Despite a $20-billion investment announcement in renewable power, the group is yet to commit to a net-zero investment in coal, and analysts question its debt burden

India's energy demand grows at slower pace in September

Electricity consumption rose 0.8% in September, compared with 17.1% growth in August

Debt for climate and green power

India's climate targets are not conditional, but its negotiating position has been that finance and technology must be made available to developing countries

NTPC REL signs first green term loan pact of Rs 500 cr with Bank of India

State-run power giant NTPC on Thursday said its arm NTPC Renewable Energy Ltd (NTPC REL) has signed the first green term loan agreement of Rs 500 crore with Bank of India