Page 2 - Renewable Energy

More steam left in NTPC stock; to be key beneficiary of rising power demand

India's largest generator will be a key beneficiary of increasing power demand, access to coal supply and focus on renewable energy

Climate change insurance: Poor reach, reliance on fossil fuel key issues

India's challenge is that the insurance coverage and penetration vary by lines of business and the low penetration problem is acute

Goldman exits ReNew, CPPIB becomes new majority owner in the company

Goldman's exit is in compliance with US state securities regulations, which restrict the ownership of ownership beyond 10 years in a company

Cloud over AGEL plans bad news for India's renewable energy future

The firm had aimed at 45 Gw of RE capacity by 2030, the year India is envisaging to have 500 Gw of non-fossil fuel capacity

Coal vs gas, or coal and gas?

Coal is bad, and so is natural gas, when it comes to climate change. Then why is it that the Western world, which has to date built its economy on dirty coal, is now wedded to gas as its dream fuel?

Ramkrishna Forgings plans to setup 85 MW solar capacity: CFO Lalit Khetan

Ramkrishna Forgings is planning multi-crore investments to set up around 85 mega watt (MW) renewable energy capacity, company CFO Lalit Khetan has said. The company aims to execute the plan over the next 12 months, Khetan said. Out of the planned 85 MW green capacity, about 8 MW roof-top solar project will be set up at the company's forging plants at Sariekella and Dugni, in Jamshedpur, he told PTI. "The total cost of the 8 MW project is estimated to be approximately Rs 35 crore, which will be financed by a mix of debt and equity," Kehtan, who is also the Executive Director of the company said. The power generated will be used for captive consumption, reducing the company's dependence on grid power, he said. When asked if the company plans more green projects to increase usage of clean energy, Khetan replied in affirmative. "Our commitment is responsible business practices and dedication to reducing carbon footprint. We look to explore setting up another solar capacity of up to 7

Goa aims for 100% renewable energy usage across all sectors by 2050: CM

Goa Chief Minister Pramod Sawant on Friday said the state government has set a goal to ensure 100 per cent renewable energy usage across all sectors by 2050. Addressing the second edition of Confederation of Indian Industries (CII) Conference on Clean Renewable Energy 2023 here, Sawant said the state government's plan is expected to create around 15,000 jobs. The Goa government has set a goal to achieve 100 per cent renewable energy usage across all sectors in the state by 2050, he said. "This ambitious plan is expected to create around 15,000 additional jobs, with 500 jobs per year dedicated exclusively to the solar and wind energy generation sector, the chief minister said. The government is committed to generating 150 MW of green energy in the next two years and will be setting up 100 MW solar power plants throughout Goa, he said. "The state government has also signed a memorandum of understanding to develop India's first convergence project to generate green energy for rural a

Brighter prospects ahead for power sector stocks amid economic momentum

Though there are a few monitorables, rising consumption should drive up volumes, investment

NTPC transfers 15 renewable energy assets to NGEL for Rs 10,000 crore

Power giant NTPC on Tuesday said it has completed the transfer of 15 renewable energy assets to NTPC Green Energy Ltd (NGEL) for a consideration of Rs 10,066.99 crore. Besides, the company has transferred its entire stake in NTPC Renewable Energy to NGEL for Rs 731.17 crore, according to a regulatory filing. NTPC said it has completed the transfer of 15 renewable energy assets to NGEL, a wholly-owned subsidiary, through a business transfer agreement executed on July 8, 2022. The consideration for transferring the 15 assets was Rs 10,066.99 crore, it added. Further, the company completed the transfer of 100 per cent equity shareholding in NTPC Renewable Energy to NGEL through a share purchase agreement. The consideration for the stake transfer was Rs 731.17 crore and the pact was executed on July 8, 2022, as per the filing.

Tata Power Renewable board okays allotment of 200 mn shares to GreenForest

Tata Power on Tuesday said the board of its arm Tata Power Renewable Energy has approved allotment of 20 crore preference shares worth Rs 2,000 crore to GreenForest New Energies Bidco. "Board of Directors of Tata Power Renewable Energy Ltd (TPREL), a subsidiary of the Company, today approved the allotment of 20,00,00,000 Compulsorily Convertible Preference Shares at face value of Rs 100 each at par aggregating to Rs 2,000 crore on a preferential basis to GreenForest New Energies Bidco Ltd (GreenForest), a Company incorporated under the laws of England and Wales," a BSE filing said. With this, both the tranches of investment of Rs 2,000 crore each in the TPREL made by GreenForest are completed in accordance with the terms of the agreements, it stated.

India approves $3.9 bn hydropower project near China border in northeast

Dibang, which will be built over more than 5,000 hectares (12,360 acres) of forest land, faces similar risks, according to Himanshu Thakkar, coordinator for nonprofit South Asia Network on Dams, River

Decentralised RE will help upgrade India's grid network: GE Grid Solutions

Company's advanced products focussed on grid automation, stability and remote control are being deployed in Rajasthan, UP, J&K and Himachal Pradesh

Net zero target: Why 'sustainable economic growth' will elude India

Western reluctance to spend on climate action and the govt's inability to accelerate renewables to power faster economic growth are major hurdles to the net zero target

Sri Lanka's body approves renewable energy projects of Adani group

Sri Lanka's investment promotion body has approved two renewable energy projects of India's Adani group to be set up in the north and eastern regions of the island nation at a total investment of USD 442 million. The wind power plant in Mannar will operate at a capacity of 250 MW (megawatt) while the wind power plant in Pooneryn will operate at a capacity of 100 MW. The Board of Investment of Sri Lanka has issued a letter of approval to India's Adani Green Energy Limited, for the two wind power plants to be set up in Mannar and Pooneryn at a total investment of USD 442 million," a release said on Thursday. The two wind power plants of 350 MW are scheduled to be commissioned in two years and they will be added to the national grid by 2025. The new project will generate 1500-2000 new employment opportunities. Early this week, the Adani Group representatives met the minister of Energy Kanchana Wijesekara to check on the progress of the two projects. This was the first official meeti

Managing risk profile of plants a must for investments in RE sector: Report

The risk profile of power plants must be managed to continue the trend of capital investment in the domestic renewable energy sector, a report said on Wednesday. Trends such as inflation, issues related to costing and supply chains are impacting the renewable energy industry, making the current business environment a challenging one for risk managers, the WTW report said. Despite the challenges, the renewable energy outlook in Asia remains promising, with significant capital injection expected into the sector. In India also, the renewable energy (RE) sector has seen an influx of capital investment, the report titled 'Renewable Energy Market Review 2023' said. "The RE sector in India has seen an influx of capital investment and for this trend to continue, the risk profile of the power plant must be satisfactorily managed during the entire life cycle of the project. As the sector grows to its full potential, the role of intermediaries and specialists becomes even more critical, " Anku

Share of renewable energy in ports to increase to 60%: Sarbanada Sonowal

The Centre is aiming to increase the share of renewable energy to 60 per cent in the total power consumption of its major ports from a present share of less than 10 per cent, Union minister Sarbananda Sonowal said on Tuesday. The ports have also aimed to reduce carbon emissions per tonne of cargo handled by 30 per cent by the year 2030. "The Maritime Vision Document-2030, released by the Prime Minister, is a 10-Year blueprint on India's vision of a sustainable Maritime sector and vibrant blue economy," the Ports, Shipping and Waterways Minister said. The minister said that as envisioned in the National Hydrogen Mission, the Ministry of Ports, Shipping and Waterways has identified and nominated Paradip Port, Deendayal Port and V O Chidambaranar Port for developing them as hydrogen hubs, capable of handling, storage and generation of green hydrogen by the year 2030. The Ministry for Ports, Shipping and Waterways has undertaken green port initiatives in the major ports so that their .

India's plan to lift curbs on solar imports to hit local production

Officials are considering a relaxation of rules for the next two years that restrict imports from China and other foreign producers, because local plants can't keep up with rising demand

Renewable energy firms missing deadlines to be blacklisted for 3-5 years

Senior executives, however, pointed out that the encashment of bank guarantee in case of default was always part of the tender document issued by central government agencies

Borrowing blitz makes Adani's empire even more vulnerable amid worst crisis

The conglomerate, with businesses stretching from ports to renewable energy, tapped international bond buyers for more than $8 billion in recent years

TMS Ep365: RBI rate hike, Boeing 747, bond markets, geothermal energy

Will RBI now hit the pause button on rate hikes? How did the Boeing 747 change air travel? What do the Budget and RBI policy mean for bond markets? What is geothermal energy? All answers here