Page 16 - Renewable Energy

KKR-backed firm raises Rs 460 crore in India's first renewable InvIT

Virescent Renewable Energy Trust was floated in February this year by Virescent Infrastructure, which was set up in 2020 and is backed by global investment firm KKR

Statsguru: Seven charts explain India's climate change challenge

If capa­city additions do not keep pace, India will miss its 2022 target for renewable expansion

Cannot be 'one-size-fits-all solution': India at UN dialogue on energy

Minister for Power and New and Renewable Energy R K Singh said India has set an ambitious target of 450 GW of renewable energy capacity by 2030

India makes clean energy commitments at UN summit

Also, it announced to begin a Production Linked Incentive Scheme to add 10 GW solar PV manufacturing capacity by 2025.

NHPC board okays proposal to form subsidiary for renewable energy biz

State-owned hydro power giant NHPC on Friday said its board has approved the proposal to form a subsidiary for the development of renewable energy, small hydro and green hydrogen projects.

Managing risks of a green economy

A rapid transition to renewable energy, which is necessary, will disrupt a number of businesses

UltraTech joins RE100 initiative, aims 100% renewable energy usage by 2050

The country's leading cement maker UltraTech Cement on Thursday said it has joined the RE100 initiative and targets 100 per cent renewable energy usage by 2050.

PM Modi discusses India's RE landscape with US-based solar manufacturer

Prime Minister Narendra Modi on Thursday discussed India's renewable energy landscape with the head of a prominent US-based manufacturer of solar panels.

Top headlines: Adani to invest $20 bn in RE; Modi to visit US Sept 22-26

Business Standard brings you the top headlines on Tuesday

Enfinity Global, CarVal Investors sign $300 million loan facility

Renewable energy solutions platform Enfinity Global and CarVal Investors have entered into a $300 million loan facility to fund Enfinity's three gigawatts of renewable energy projects

India moving away from coal slowly, considerable progress by states: Study

Study finds there has been a 76 per cent reduction in proposed coal power since the Paris Agreement was signed in 2015, bringing the end of new coal construction into sight.

US senator introduces legislation to boost India-US ties in clean energy

Given the shared threat of climate change and India's growing need for electricity, there is a strong case to be made for strengthening the US-India clean energy partnership, the senator said

India, Denmark agree on further engaging in renewable energy

Union Power and New & Renewable Energy Minister R K Singh on Thursday met his Danish counterpart Dan Jrgensen where both agreed on further engagement in renewable energy, especially offshore wind and green hydrogen. "Union Minister for Power and New and Renewable Energy R K Singh met with Dan Jrgensen, Danish Minister for Climate, Energy and Utilities, here today (Thursday)," the Ministry of New and Renewable Energy said in a statement. Both the ministers agreed to further engagement in renewable energy, especially offshore wind and green hydrogen, it added. In the meeting, from the India side, Minister of State for New and Renewable Energy Bhagwanth Khuba, MNRE Secretary Indu Shekhar Chaturvedi and other senior officials of the ministries of power and MNRE were also present. The Danish minister was also accompanied by a delegation of officials. Singh underlined to the Danish side that energy transition towards green is an important part of India's policy. He pointed out that ...

Renewable energy expo to begin on Sep 15, to host over 120 exhibitors

A three-day Renewable Energy India Expo will begin on September 15 at Greater Noida near here where over 120 exhibitors would showcase their products, services and technologies

Tamil Nadu's $10-billion green energy island to get Denmark aid

Some important Danish companies in Tamil Nadu are Vestas, Cubic, Maersk, Grundfos, FLSmidth, and Danfoss

RE capacity bidding: Power sector CPSUs to get nod based on balance sheet

The Union power ministry has decided to give in-principle approval at the beginning of a year for the CPSUs under it to bid for pre-determined renewable energy capacities based on their balance sheet strength. The decision was taken during a meeting chaired by Power Minister R K Singh on an action plan for enhancing the investment by power sector Central Public Sector Undertakings (CPSUs) in renewable energy projects on Tuesday. "A meeting to discuss the action plan for enhancing the investment by power sector CPSEs in renewable energy projects, was held under the chairmanship of R K Singh, Union Minister of Power & NRE yesterday," the ministry said in a statement on Wednesday. Representatives of all hydro CPSUs, NTPC, MNRE (Ministry of New & Renewable Energy) and SECI (Solar Energy Corporation of India) were present at the meeting. According to the statement, it was decided that in-principle approval would be accorded to CPSUs of the power ministry for bidding of renewable ...

Proposed 27GW coal power plants could jeopardise India's RE goals: Report

The proposed new coal-based power plants totalling 27 GW could "jeopardise" India's target of 450GW renewable energy by 2030, says a report by Ember and Climate Risk Horizons. As per the report, 27 GW of pre-permit and permitted new coal power plant proposals in India are now "superfluous to its electricity requirements". "These coal project proposals could jeopardise the achievement of India's widely-praised RE target of 450 GW by 2030," it said. It said these surplus "zombie" plants - assets that would be neither dead nor alive - would require Rs 247,421 crore (USD 33 billion) of investment, and yet are projected to lie idle or operate at uneconomic capacity factors due to surplus generation capacity in the system. "As India recovers from the disruption caused by the COVID-19 pandemic, how the country uses scarce public resources will be absolutely crucial. By avoiding these unnecessary 'zombie' coal plants, India can not only save lakhs of crores of rupees, but also lower power

Tamil Nadu plans 23,000 MW renewable, 3,000 gas projects over 10 years

To provide technical expertise in developing renewable energy projects and for fund raising, Tangedco on Monday signed a memorandum of understanding with the Indian Renewable Energy Development Agency

IREDA enters into pact with TANGEDCO for renewable energy projects

IREDA on Monday said it has entered into a pact with TANGEDCO for providing technical expertise in developing of renewable energy projects and raising of funds. The memorandum of understanding (MoU) was signed by IREDA Chairman and Managing Director (CMD) Pradip Kumar Das and TANGEDCO CMD Rajesh Lakhoni in the presence of Tamil Nadu Chief Minister M K Stalin. In a statement, the Indian Renewable Energy Development Agency Ltd (IREDA) said "it has signed a MoU with the Tamil Nadu Generation & Distribution Corporation Limited (TANGEDCO), for providing its technical expertise in developing Renewable Energy projects and fund raising." Under the MoU, IREDA will extend its technical expertise to TANGEDCO for renewable energy project development, bid process management, and implementation support. IREDA will also assist TANGEDCO in debt raising through developing financial models, underwriting services for the proposed debt requirement, and conducting pre-market surveys and roadshows to ..

Reliance aims at 100 GW renewable energy by 2030: Mukesh Ambani

The focus on generating electricity from renewable sources of energy such as solar and wind -will help cut carbon emissions in the world''s third-largest greenhouse gas emitter.