Renewable Projects

PM Modi's green dream at risk as Indian renewables hit by headwinds

Energy transition investments in India already lag behind other major nations, and now the cost of capital is increasing as global interest rates rise

BrightNight, ACEN ink $250 mn pact for India renewables buildout

Renewable power producer BrightNight on Monday announced its partnership with ACEN Corporation and plan to deploy USD 250 million equity for the development and operation of BrightNight's 1.2 GW renewable energy portfolio. BrightNight and ACEN will partner to develop and build differentiated hybrid wind-solar projects, with a calibrated use of energy storage, that operate around the clock, with a focus to serve the specific demand from high credit rated central and state utilities as well as commercial and industrial offtakers, a statement said. "BrightNight, the next generation and global renewable power producer built to deliver clean and dispatchable solutions, today announced that it has formed a partnership with ACEN Corporation, through ACEN Renewables International Pte Ltd and ACEN International, Inc. (collectively, ACEN), to accelerate the development, construction, and operation of BrightNight's initial 1.2 GW, multi-technology renewable power portfolio in India," it ...

Rs 2.44-trn plan for 500-Gw renewable energy transmission launched

Liberty to Renewable project developers to sell on Exchanges till Transmission comes up: Power Minister

Carbon reduction hinges on share of renewables in energy: TKM's V Kirloskar

The share of renewable energy as a percentage of total generation is only 30 per cent. Unless this goes up I don't see carbon emission coming down, Kirloskar said

Sembcorp acquires 100% stake in GIP-backed Vector Green for Rs 2,780 cr

Vector has a total portfolio of 583 Mw across 13 states; deal will take Sembcorp's gross renewable assets in India to 3 Gw

International Solar Alliance's 5th Assembly to be held from Oct 17 in Delhi

Union Minister for Power and New and Renewable Energy RK Singh unveiled the curtain raiser to the Fifth Assembly of the International Solar Alliance to be held in New Delhi from October 17-20, 2022

SJVN eyeing to develop 5,000 MW renewable energy projects in Punjab

After signing a pact for developing 10,000 MW solar projects and parks in Rajasthan, public sector SJVN is now eyeing to tap renewable energy in Punjab

Sri Lanka amends law to eliminate competitive bidding for energy projects

The move to remove competitive bidding for energy projects has run afoul of the Opposition parties and electricity board trade unions

Record $14.5 bn investment in Indian renewable energy sector, says IEEFA

Investment in renewable energy in India reached a record $14.5 billion in the last fiscal (2021-22), an increase of 125 per cent compared to FY2122,a report said

Budget lists steps to make India solar powerhouse without China's help

Country plans to more than quadruple its renewable power generation capacity to 450 gigawatts by 2030.

Budget lists steps to make India solar powerhouse without China's help

Country plans to more than quadruple its renewable power generation capacity to 450 gigawatts by 2030.

A must-surge year for climate goals

India has just crossed 100 GW of renewable capacity, leaving us around 350 GW to install to hit 450 GW

Expect 6-8 Gw of renewable projects in the market soon: Virescent CEO

India's first renewable InvIT raised Rs 400 crore recently; CEO Sanjay Grewal says there is enough capital to support their investment strategy

Adani takes on Mukesh Ambani, to invest $20 bn in renewable energy

Speaking at JP Morgan India Investor Summit, Adani Group chairman said the $20 bn investment will be in renewable energy generation, component manufacturing, transmission and distribution

External risks soften lenders' interest in renewable energy projects

The pressure to re-negotiate contracts to reduce tariffs and the viability of power distribution companies are some of these.

India's capacity for renewable energy rose by over 250% in 6-7 years: PM

He emphasised that the capacity of solar energy has been increased by about 15 times in the last six years.

Taken steps towards making Rajasthan self-reliant in energy sector: CM

The Rajasthan government has taken many important steps towards making the state self-reliant in energy sector, Chief Minister Ashok Gehlot said on Saturday.

Adani wins 300 MW wind energy capacity at Rs 2.77/unit: Report

Auctions for 1,200 MW conducted by SECI on Monday saw wind power tariffs dropping to as low as Rs 2.77 per unit

India seeks cheaper renewable power contracts to spur solar, wind projects

The country's debt-burdened distribution utilities, which have suffered losses related to electricity theft, have been reluctant to agree to long-term contracts

Sterling & Wilson eyeing 50 Gw of projects in renewable energy space

Sterling & Wilson Solar has 20 Gw of deal flow but is targeting to ramp it up to 50 Gw.