Renewables Markets

Renewables, hydrogen to make India world's third largest economy: PM Modi

Prime Minister Narendra Modi on Monday laid out his vision of making India the world's third-largest economy with a focus on renewable energy, biofuels and hydrogen as he pivots a roadmap to cut reliance on imported oil and gas. Modi met top oil and gas industry leaders for the annual brainstorming to discuss ideas and initiatives to put India on a sustainable growth path, sources aware of the matter said. The meeting on the sidelines of the India Energy Week here saw the Prime Minister outline his vision to make India the world's third-largest economy from the current fifth-largest. For this, the fuel needed should come from renewables, biofuels and hydrogen. Sources said at the meeting Modi spoke of using 100 per cent renewable energy and increasing blends of ethanol and biofuels in traditional fuels. Also, he talked about making India the world's largest hydrogen-producing nation. Hydrogen is the cleanest known fuel which on burning emits only water and oxygen. Sources said he

Global renewables capacity set to double over next five years, says IEA

In an annual report on the outlook for renewables, the IEA said capacity worldwide is expected to grow by 2,400 gigawatts (GW) - equal to the entire power capacity of China today - to 5,640 GW by 2027

TN eyes key role in offshore wind energy, may mop up $30 bn investments

According to govt estimates, 14 locations have been identified in the state, with potential to generate 25 Gw of wind energy

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

Is climate finance the next bubble?

Asset managers think that tens of trillions of dollars, mostly in the form of green finance, could be available for environmental, social, and governance (ESG) lending

India plans to achieve half of its renewable potential by 2030

The government needs to decide projects based on equity. For now, most of the renewable projects are concentrated in only a few states

India falling behind on near-term renewables goal, says ReNew Energy Global

India recently reached 100 Gw of renewable power capacity

'India should plan strategic fuel reserves', says Power Secy Alok Kumar

Several reforms in power transmission for renewables are in the offing, says union secretary of power, Alok Kumar

Pandemic-impacted renewable energy projects can apply for extension again

Frequent delays to hurt the 175 GW RE capacity target of next year

India a key part of renewable plan, hope to double portfolio by 2030: EDF

EDF Renewables plans to push its ambitious plan for India through EDEN Renewables, its joint venture with Total Eren

The renewables and e-cars link

Renewables means savings on power and that means an even stronger case for electric mobility

India Inc's investment project announcements fall to Rs 11.3 trillion

Almost 20 per cent of investment was made in the power sector, mainly in renewables

Trump effect? China, India beat US in renewables markets, says report

Indian govt has unveiled plans to build 175 gigawatts of renewable energy generation by 2022