Mukesh Ambani-led Reliance Industries Ltd's plans for investing Rs 75,000 crore in solar, batteries, fuel cells and hydrogen could create valuation of USD 36 billion for the new energy business
Multiple repackaging has impacted the success of this four-year-old flagship scheme to de-dieselise agriculture through solar-powered pump sets
Reliance said last month it plans to build factories to produce solar components, energy storage batteries, electrolysers for making green hydrogen and fuel cells.
Firm is among top-5 renewable energy players in India with a solar and wind power portfolio of 9.8 Gw of commissioned and under construction capacity
Indian tycoon Mukesh Ambani's $10 billion entry into renewable energy could drive solar tariffs further to ground and ignite bidding wars with fellow billionaire Gautam Adani, industry analysts say
India's two richest men are vying to be at the forefront of Prime Minister Narendra Modi's ambition to ramp up green energy capacity
The highest solar generation loss was faced by Karnataka, which saw it declining by 15 per cent over last year
The big boys may well compete, but if you parse Mr Ambani's AGM statement, it appears that RIL would more like to play the role of an input and/or original-equipment-manufacturer than a fierce rival
India, whose solar power efforts are an example to the world, has a vital role to play to accelerate the move towards a zero carbon future, Britain's Prince Charles said on Wednesday.
In a letter to Adani Enterprises investors, Gautam Adani said group is in sync with India's goal of becoming world's top renewable players, group itself aims to be world's largest solar power producer
100 GW by 2030 is more than twice the existing renewable capacity of any company in the world
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It will also set up a platform for renewable energy project finance to source long-term global capital for investment in these sectors
According to the industry data, close to 75 per cent of rooftop installations comes from the commercial and industrial segment
India's wind industry, which has about 40 gigawatts of capacity now, has been struggling for the past few years due to land challenges.
A production-linked incentive scheme and possible basic customs duty will have a limited impact in encouraging domestic solar equipment manufacture
India has a target of generating 100 Gw solar power by 2022 and set up a self-reliant industry for it
Domestic manufacturers could end up getting barely 3-5 per cent of the sale value of their solar cells and modules as incentives through this scheme
The Union Cabinet last month approved the MNRE proposal for ramping up domestic manufacturing of solar photovoltaic panels under the Centre's PLI scheme
To be commissioned in 18 months from the date of PPA, the project will have a tariff of Rs 2.22/kwH for 25 years