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Page 17 - Renewable Energy

Draft open access norms can be tailwind for new renewable projects: CRISIL

Draft open access norms circulated by Ministry of Power can be a tailwind for new renewable energy projects in the country, CRISIL said on Thursday. "The Draft Electricity (promoting renewable energy through Green Energy Open Access) Rules, 2021, announced by the Ministry of Power, if implemented as is, could improve the certainty of cash flows for new renewable energy projects coming up through this route," it said. In India, power distribution happens through three modes state distribution companies, captive sources and open access. Under the open access route, which had a total installed capacity of 11 GW as on March 31, 2021, renewable power producers sell electricity directly to commercial and industrial (C&I) consumers. These consumers pay open access charges to state distribution companies (discoms). Such open access projects are hobbled by state-level policy changes that make returns uncertain, it pointed out. The draft rules aim to provide clarity on such open access ...

Draft open access norms can be tailwind for new renewable projects: CRISIL
Updated On : 02 Sep 2021 | 8:19 PM IST

Going green for planet blue: For now, India's journey has begun well

Sustainable financing is on the verge of a big take-off, even as the sum raised so far tops $16 billion

Going green for planet blue: For now, India's journey has begun well
Updated On : 30 Aug 2021 | 6:04 AM IST

From coal-based to a renewable energy-based NTPC in ten years

But the company will have to do a financial Houdini act meanwhile to make the markets keep faith in its long term story

From coal-based to a renewable energy-based NTPC in ten years
Updated On : 26 Aug 2021 | 10:27 PM IST

Boost for hydrogen mission, India gets first electrolyser unit in Bengaluru

This comes at a time when industry majors like RIL, Adani, Indian Oil Corporation, NTPC and Gail have evinced interest in becoming part of India's green hydrogen roadmap

Boost for hydrogen mission, India gets first electrolyser unit in Bengaluru
Updated On : 24 Aug 2021 | 11:11 PM IST

India on track to meet Paris Agreement goals, says FM Sitharaman

COP26's Alok Sharma warms up to India's climate action; hopes India commits to a net-zero target by 2050

India on track to meet Paris Agreement goals, says FM Sitharaman
Updated On : 19 Aug 2021 | 12:48 AM IST

RE developers raise over Rs 26K cr through bonds in Jan-Jun this year

Indian renewable energy project developers have raised as much as Rs 26,300 crore through issuance of green bonds during January to June this year, according to a CEEW-CEF report

RE developers raise over Rs 26K cr through bonds in Jan-Jun this year
Updated On : 18 Aug 2021 | 6:00 PM IST

Renewable energy in India: The good, the bad, and the action needed

See how much of your state's energy consumption is from renewables in today's analysis

Renewable energy in India: The good, the bad, and the action needed
Updated On : 17 Aug 2021 | 9:58 AM IST

How renewable energy became price-competitive with conventional power

Solar power resources are more evenly distributed. Yet, most solar capacity addition is seen in the states already rich in windpower

How renewable energy became price-competitive with conventional power
Updated On : 17 Aug 2021 | 9:47 AM IST

Power ministry circulates draft rules on clean energy, seeks comments

The Ministry of Power on Monday sais it has circulated the draft rules on renewable energy for seeking comments from stakeholders. The ministry has circulated the "Draft Electricity (promoting renewable energy through Green Energy Open Access) Rules, 2021," an official statement said. The ministry has sought comments within 30 days. These rules are proposed for purchase and consumption of green energy including the energy from waste-to-energy plants. The draft rules will provide in detail for Renewable Purchase Obligation (RPO); Green energy open access; nodal agencies; Procedure for grant of green energy open access; banking; and cross subsidy surcharge. These draft rules with regard to tariff propose that "the tariff for the green energy shall be determined by the Appropriate Commission, which may comprise of the average pooled power purchase cost of the renewable energy, cross-subsidy charges (if any) and service charges covering all prudent cost of the distribution licensee fo

Power ministry circulates draft rules on clean energy, seeks comments
Updated On : 16 Aug 2021 | 4:07 PM IST

PM Modi sets 2047 target for becoming 'energy independent'

PM Modi set a target of becoming 'energy independent' by 2047 through a mix of electric mobility, gas-based economy, doping ethanol in petrol and making the country a hub for hydrogen production

PM Modi sets 2047 target for becoming 'energy independent'
Updated On : 15 Aug 2021 | 9:23 AM IST

Suzlon posts loss of Rs 79 crore, Q1 turnover at Rs 1,135 crore

India's largest renewable energy solutions provider Suzlon has reported a net loss of Rs 79 crore in the quarter ended June on a revenue of Rs 1,135 crore.In Q1 FY21, it had posted a net loss of Rs 384 crore on a revenue of Rs 513 crore.Earnings before interest, taxes, depreciation and amortisation (EBITDA) totalled Rs 154 crore in Q1 FY22 with EBITDA margin of 13.57 per cent. Earnings before interest and taxes (EBIT) were at Rs 96 crore.Ashwani Kumar, Chief Executive Officer, said the Q1 of FY22 was impacted by second wave of Covid-19 pandemic, making it difficult to ramp up execution. Rising global demand disrupted the supply chain, impacting availability and prices across the value chain."Steep increase in steel prices by nearly 73.8 per cent in a year has adversely impacted our margins. Despite that, we are keeping our operations on track and continuing to build on the foundation that we created in FY21."Kumar said the company continues to keep a strict control on costs. The order

Suzlon posts loss of Rs 79 crore, Q1 turnover at Rs 1,135 crore
Updated On : 14 Aug 2021 | 2:32 PM IST

ACME seeks to tap global investors for its $2.7-bn India solar push

It is seeking to raise about a quarter of the total investment by tapping global investors from private equity firms to pension funds

ACME seeks to tap global investors for its $2.7-bn India solar push
Updated On : 13 Aug 2021 | 5:09 PM IST

A warning to India

Climate concerns must feature in all aspects of public policy

A warning to India
Updated On : 10 Aug 2021 | 11:26 PM IST

ReNew Power to invest $1.2 bn for country's 1st round-the-clock RE project

The project will be designed to operate at an 80% average annual PLF and will have a minimum capacity utilisation factor of 70% monthly, despite being a renewable energy project, says ReNew Power

ReNew Power to invest $1.2 bn for country's 1st round-the-clock RE project
Updated On : 09 Aug 2021 | 12:22 AM IST

India needs low-cost capital to fuel green energy projects: Amitabh Kant

India needs low-cost capital to help domestic entrepreneurs execute global scale projects in areas like green hydrogen, solar energy, electric vehicles and battery manufacturing, Niti Aayog CEO said

India needs low-cost capital to fuel green energy projects: Amitabh Kant
Updated On : 06 Aug 2021 | 10:57 PM IST

Japan's Mitsui to invest over $4 mn in Punjab Renewable Energy Systems

Mitsui & Co Ltd on Wednesday said it will invest Rs 30 crore (USD 4.1 Million) in Punjab Renewable Energy Systems Pvt Ltd (PRESPL), one of the leading biomass supply-chain management companies in India. PRESPL is involved in the collection, storage and processing of agricultural residues. It produces biomass briquettes and pellets to meet the growing demand for biomass fuel from India's rapidly expanding bio-energy industry, a statement said. It also provides a range of operation and maintenance, and other technical services to the industry. Masaharu Okubo -- Country Chairperson of Mitsui & Co. India Pvt Ltd -- said, "We look forward to working together with PRESPL to grow its business by combining our respective areas of expertise and leveraging synergies with Mitsui's diverse business portfolio". This investment is aligned with one of Mitsui's important goals to create a more sustainable society while furthering the expansion of our bio-energy business in India and around ...

Japan's Mitsui to invest over $4 mn in Punjab Renewable Energy Systems
Updated On : 04 Aug 2021 | 8:13 PM IST

ReNew Power signs pact with RackBank for renewable energy for data centre

ReNew Power said it has signed a memorandum of understanding with RackBank Datacenters Ltd to power the country's first hyper-scale data centre with 100 per cent renewable energy.

ReNew Power signs pact with RackBank for renewable energy for data centre
Updated On : 03 Aug 2021 | 7:36 PM IST

Trouble for renewable energy producers as peak power demand turns dodgy

Data shows that demand doesn't peak in the day, when solar and wind production is optimum, but at night after the Sun has set

Trouble for renewable energy producers as peak power demand turns dodgy
Updated On : 28 Jul 2021 | 8:39 PM IST

Even in India's sunny cities, rooftop solar systems come under a cloud

Inconsistent regulatory policies, high costs, patchy implementation of subsidy scheme and lack of awareness are some of the hurdles

Even in India's sunny cities, rooftop solar systems come under a cloud
Updated On : 28 Jul 2021 | 10:13 AM IST

India can save $1.2 billion a year by shutting old coal plants: Study

Country should accelerate decommissioning 30 gigawatts of coal-fired capacity and set aside another 20 gigawatts of plants as reserve: Research.

India can save $1.2 billion a year by shutting old coal plants: Study
Updated On : 27 Jul 2021 | 10:40 AM IST