Page 3 - Renewable Enrgy

Tata Power to develop 10K Mw RE plant in next five years in Rajasthan

Tata Power on Friday announced its plans to develop around 10,000 MW of renewable energy capacity, mainly solar energy, in the next five years in Rajasthan. "Tata Power plans to have a renewable power portfolio of 10,000 MW in the state (Rajasthan in next five years," a company statement said. Participating in the ongoing Invest Rajasthan summit in Jaipur, it stated that it plans to develop up to 8,000 MW of utility scale projects, 1,000 MW of solar rooftop and 1,50,000 solar pumps in next five years in the state. Tata Power, along with its fully-owned subsidiary Tata Power Solar, will expand its presence in the state to generate clean energy through solar power. The company employs more than 4,500 people in the state, and its expansion projects will generate employment for more than 6,000-8,000 people in the next five years. Dr Praveer Sinha, CEO & MD, Tata Power, said in the statement, "Both in terms of potential and what has been done so far, Rajasthan has today emerged as a ..

Total CEO pushes spending on renewable energy amid global energy crisis

The French oil major is increasing spending on renewable energy and on reducing its emissions next year to 33% of annual capital expenditure, compared with 25% going into clean power this year

TotalEnergies may trim stake in Adani Green to cash in on valuation jump

The French energy giant bought 20% of Adani Green in 2021 for $2 billion, building on a series of previous deals with Indian billionaire Gautam Adani.

Saudi Arabia announces 5 renewable energy projects to produce electricity

Saudi Arabia has announced five new projects to produce electricity using renewable energy.

Module producers, project developers at loggerheads over solar policy

Both are cogs in the wheel to help India install 500 gigawatts (Gw) of non-fossil fuelled power by 2030

Suzlon bags 180.6 MW energy project from Sembcorp's Green Infra Wind Energy

Renewable energy solution provider Suzlon Energy on Tuesday said that it has won an order to set up 180.6 MW wind energy project from Sembcorp's arm Green Infra Wind Energy Ltd. "Suzlon Group, India's largest renewable energy solutions provider, today announced a new order win for the development of a 180.6 MW wind power project for Sembcorp's renewables subsidiary Green Infra Wind Energy Limited," a BSE filing said. Suzlon will install 86 Wind Turbine Generators (WTGs) with a Hybrid Lattice Tubular (HLT) tower and a rated capacity of 2.1 MW each. The project is located at Kanakagiribad, Bagalkot in Karnataka, and is expected to be commissioned in 2024. Suzlon will supply the wind turbines (equipment supply) and execute the project, including erection and commissioning. Suzlon will also provide comprehensive operation and maintenance services after commissioning of the project. This order is part of the bid won under the SECI (Solar Energy Corporation of India) tranche XI auctions

Suzlon Energy freezes at 20% upper circuit on heavy volumes

As of 10:08 AM, a combined 228 million equity shares had changed hands in less than hour of trades with pending buy orders for around 45.83 million shares on the NSE and BSE.

Bharat Petroleum targets net zero, 10 GW of renewable energy by 2040

Bharat Petroleum Corporation Ltd, India's second-largest oil refining and fuel retailing firm, plans to scale up its renewable energy portfolio to 10 GW by 2040 - the year it is targeting net-zero carbon emission, chairman Arun Kumar Singh said on Monday. Addressing the company's annual shareholders' meeting, he said BPCL is diversifying and expanding into adjacent and alternate businesses, which will not only provide additional revenue streams but also offer a hedge against any decline in the oil and gas business. "The company has identified six strategic areas - petrochemicals, gas, renewables, new businesses, that is, consumer retailing, e-mobility and upstream - which will serve as pillars of future growth and create sustainable value for all stakeholders, while the core business of refining and marketing of petroleum products continues to provide stability and funding bandwidth," he said. This is with a view to achieving net-zero emissions by 2040, he added. In the renewable .

GAIL targets net-zero carbon emissions by 2040: Chairman Manoj Jain

GAIL (India) Ltd, the nation's largest gas firm, is targeting net-zero carbon emission from its operations by 2040, ahead of targets by other state-owned firms, chairman Manoj Jain said on Friday. Net zero, or becoming carbon neutral, means not adding to the amount of greenhouse gases in the atmosphere. India, the world's fourth biggest emitter of carbon dioxide after China, the US and the EU, has committed to cut its emissions to net zero by 2070. And GAIL's target for 2040 is a step in aiding that. GAIL "is committed to reduce its carbon footprint by diversifying into the renewable energy sector," Jain said at the firm's annual shareholders' meeting. "In line with India's vision to achieve net zero by 2070, GAIL has completed a comprehensive study on science-based net-zero ambition and intends to achieve a 100 per cent reduction in Scope 1 and Scope 2 emissions and a 35 per cent reduction in Scope 3 emissions by 2040". Indian Oil Corporation (IOC) on Thursday announced a Rs 2 l

Debt ratio at Adani's green firm needs 'watching' as it soars to 95.3%

Gautam Adani owned company's debt-to-capital ratio has soared to 95.3%, a level that is on the "higher side" for a private company

Green hydrogen: India Inc's next big thing even as policies take shape

Undeterred by the absence of policy or supply chain, conglomerates, and RE companies are investing heavily in this new fuel.

Google Doodle: Who is Anna Mani and what is she famous for?

Google marks Anna Mani's birthday by sharing a Google Doodle. Who was Anna Mani? What are her contributions to the country? Why is she famous? Read this article to know more

JSW Energy unit to buy Mytrah Energy's renewable assets for Rs 10,530 cr

This is the third-biggest acquisition in the renewable energy space in India

Not so fast: California's last nuke plant might run longer than 2025

An aggressive push toward renewable energy has run headlong into anxiety over keeping the lights on in California, where the largest utility is considering whether to try to extend the lifespan of the state's last operating nuclear power plant. California is the birthplace of the modern environmental movement that for decades has had a fraught relationship with nuclear power, which doesn't produce carbon pollution like fossil fuels but leaves behind waste that can remain dangerously radioactive for centuries. Now environmentalists find themselves at odds with someone they usually see as an ally: Democratic Gov. Gavin Newsom, a green energy advocate who supported the 2016 agreement calling for the Diablo Canyon Nuclear Power Plant to close by 2025 but now is a leading voice to consider a longer operating run. Newsom often is mentioned as a possible presidential candidate and an attorney for a consumer advocacy group that routinely challenges plant operator Pacific Gas & Electric in

Headwinds, tailwinds and renewables

The global energy story could see some positive twists yet

Amended Energy Conservation Bill seeks to build carbon credit market

Will also embrace green fuels, industrial energy efficiency

Only decentralised renewable energy can help achieve 2030 targets: Experts

According to the Ministry officials, India's RE installed capacity increased 286 per cent in the last 7.5 years but it had a share of just 26.53 per cent in the total installed generation capacity

TMS Ep212: Tata renewables, Pronab Sen, markets, current account deficit

Is Tata copying Adani, Reliance with its green turn? What's Pronab Sen's take on the state of economy? Will retail stocks survive the wave of inflation? What is current account deficit? Answers here.

Is Tata copying Adani, Reliance with its green turn?

A host of Tata companies have come together to create an EV ecosystem. Tata Power has committed a $9.5 bn investment for its renewable energy business. Let us find out more

IREDA may raise up to Rs 15,000 crore via long-term bonds in FY23

IREDA has a well-diversified borrowing profile, with access to funds through tax-free bonds, taxable bonds, bank/financial institution (FI) loans, masala bonds and foreign currency loans