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Renewable Energy Market

India's renewable energy leaders call for localisation to sustain growth

Localisation of supply chains and talent development are key to making India's renewable energy sector self-reliant and globally competitive, industry experts stress at BS Manthan

Updated On: 28 Feb 2025 | 5:20 PM IST

Cloud over RE: India's green energy becomes a victim of its own success

Green energy is a victim of its own success

Updated On: 10 Feb 2025 | 11:04 PM IST

Suzlon Energy at 5% upper limit, zooms 16% in 3 days on Q3; analysts upbeat

Suzlon Energy shares have jumped 16 per cent over the last three trading sessions on the back of robust Q3FY25 results, which were supported by strong execution

Updated On: 31 Jan 2025 | 11:41 AM IST

Doosan Skoda Power aims to raise up to $115 million in Prague IPO

Doosan Skoda Power is also offering up to 2.9 million new shares, which would increase its total number of shares to 31.9 million, valuing the firm at 8.3 billion crowns at the upper end of the IPO

Updated On: 27 Jan 2025 | 7:16 PM IST

U'khand govt inks pact with Iceland's firm for growth of geothermal energy

Through his virtual presence, CM Dhami described this MoU as a milestone in the field of energy security and sustainable development of Uttarakhand as well as the country

Updated On: 17 Jan 2025 | 2:00 PM IST

Inox Green, Inox Wind shares gain up to 4% on Group's foray into solar mfg

Inox Green rose up to 4.40 per cent to hit an intraday high of Rs 182.50 per share, while Inox Wind increased as much as 1.60 per cent to an intraday high of Rs 211.50 per share

Updated On: 11 Dec 2024 | 12:54 PM IST

Delhi High Court stays SECI order barring Reliance Power from auctions

The debarment notice has raised concerns for Reliance Power, which leverages its subsidiaries to secure contracts in India's competitive renewable energy market

Updated On: 27 Nov 2024 | 12:47 AM IST

India's renewable energy capacity rises 13.5% to 203 GW in October

India's total renewable energy capacity increased by 13.5 per cent or 24.2 GW in a year to reach at 203.18 GW in October 2024 from 178.98 GW in October 2023, an official statement said This rise aligns with India's ambitious targets in the field of RE sector, a statement by New and Renewable Energy Ministry said. Including nuclear energy, the total non-fossil fuel capacity rose to 211.36 GW in 2024, compared to 186.46 GW in 2023, it stated. According to the statement, the solar sector saw a remarkable increase of 20.1 GW (27.9 per cent), growing from 72.02 GW in October 2023 to 92.12 GW in October 2024. The combined total solar capacity, including projects under implementation and tendered, now stands at 250.57 GW, a significant rise from 166.49 GW last year. Wind energy also demonstrated steady growth, with installed capacity increasing by 7.8 per cent, from 44.29 GW in October 2023 to 47.72 GW in 2024. Total capacity in the pipeline for wind projects has now reached 72.35 GW.

Updated On: 12 Nov 2024 | 10:33 PM IST

Leading renewable energy firms in India seek buyers for 20 Gw assets

India currently has 150 Gw of installed RE capacity

Updated On: 04 Oct 2024 | 12:17 AM IST

Eastman Auto & Power plans to achieve turnover of Rs 10,000 cr by FY26

Solar rooftop solutions provider Eastman Auto & Power Ltd on Thursday said it plans to achieve a turnover of Rs 10,000 crore by 2025-26 aided by capacity expansion on renewal energy side. The company had posted a turnover of about Rs 3,600 crore in 2023-24, according to a statement. Committed to sustainable and profitable growth, the company plans to achieve Rs 10,000 crore turnover by 2025-26 by investment in building the solar rooftop solutions business alongside mainstay Last Mile E-Mobility Solutions business, Eastman Auto & Power MD Shekhar Singal said in the statement. This goal shall be driven by strategic investments in new power electronics manufacturing facilities for solar inverters (for grid-connected and off-grid solutions), technology partnerships and participation in multiple advanced chemistries for energy storage, he said. To achieve this objective, the company has made some top level changes. The company has appointed Ashok Jain as Chief Finance Officer (CFO)

Updated On: 12 Sep 2024 | 7:02 PM IST

Any correction in oil marketing companies could be a buying opportunity

The gross refining margins or GRMs and gross marketing margins for OMCs are critical

Updated On: 26 Aug 2024 | 11:11 PM IST

Adani group eyes 45 GW renewable energy capacity by 2030 via solar power

Billionaire Gautam Adani's group is building the world's largest renewable energy park in Gujarat, as it eyes a massive 45 GW capacity to generate electricity largely from solar energy. Speaking at the opening of 'Energy Revolution: The Adani Green Energy Gallery' at the Science Museum in London, Gautam Adani said his group's renewable energy arm, Adani Green Energy, is leading an energy transition that honours the commitment of taking care of the planet not just for this generation and the next but also for generations to come. "As the world's leading solar power developer and India's largest renewable energy company, we are taking very big steps," he said. "In Khavda, which is in the state of Gujarat, we are building the world's largest renewable energy park. It will have a generation capacity of 30 GW of energy - and it is incredibly big. Its area of 538 square kilometers is more than five times bigger than Paris." This is part of the aim to reach 45 GW of renewable energy by 20

Updated On: 26 Mar 2024 | 11:30 AM IST

NHPC bags 200 MW solar project in Khavda Renewable Energy Park in Gujarat

State-run hydro power giant NHPC has bagged a 200 MW solar project which will be set up at Gujarat State Electricity Corporation's 1,125 MW renewable energy park at Khavda, in Gujarat. The e-reverse auction for the project was conducted by GUVNL (Gujarat Urja Vikas Nigam) on March 2, 2024 and the Letter of Intent was issued on March 14, 2024, a company statement said. The project was secured at a tariff of Rs 2.66 per unit and will be completed in a period of 18 months. The project will generate about 473 million units in the first year of commissioning and the cumulative generation from the project over a period of 25 years would be about 10,850 million units. The NHPC will develop the project on a build-own-and-operate basis at a tentative development cost of about Rs 847 crore.

Updated On: 15 Mar 2024 | 3:55 PM IST

Rajasthan govt signs 5 MoUs worth Rs 1.60 trn to boost energy sector

These MOUs and purchasing power agreements (PPA) will increase thermal and renewable energy production in the state, the release stated

Updated On: 10 Mar 2024 | 3:43 PM IST

A 5,800% renewables stock surge has some Indian investors worried

The biggest stock winners in India's renewable sector are now all facing the challenge from minuscule earnings, which has sent valuations through the roof

Updated On: 02 Feb 2024 | 7:58 AM IST

Apraava Energy secures 300 MW wind energy project in Karnataka's Aski

Integrated energy solutions provider Apraava Energy on Wednesday announced that it has secured a 300 MW wind energy project in Aski, Karnataka. The project is part of the 1,200 MW auction capacity of Inter-State Transmission System (ISTS)-connected wind power projects (Tranche-XIV) from the Solar Energy Corporation of India (SECI), the company said. The construction of the project will be completed within the stipulated timelines as per Power Purchase Agreement (PPA), which is for a period of 25 years at a competitive tariff of Rs 3.24/kWh, it said in a release. As part of the agreement, Apraava Energy will be responsible for acquiring the land, developing the wind farm, and establishing the grid infrastructure up to the metering point at the ISTS grid substation. The company's current RE portfolio (Solar and Wind) stands at 1,176 MW, with projects spread across the states of Rajasthan, Gujarat, Maharashtra, Madhya Pradesh, Tamil Nadu, Telangana and Karnataka, it said. "This is ou

Updated On: 27 Dec 2023 | 3:48 PM IST

Renewable energy investments in India to jump 83% to $16.5 bn in 2024

India will witness more than 83 per cent increase in investments in renewable energy projects to around USD 16.5 billion in 2024 as the country focuses on energy transition to reduce carbon emissions, according to power ministry estimates. This is in line with India's ambitious target of having 500 GW of renewable energy by 2030 and its resolve to reduce overall power generation capacity from fossil fuels to less than 50 per cent. India has committed a net zero emission target by 2070. However, Union Power and New & Renewable Energy Minister R K Singh has said on many occasions that as much as 65 per cent power generation capacity would be from non-fossil fuels by 2030 and that would be higher than the set target of 50 per cent. In an interview to PTI, Singh said, "India is likely to witness 25 GW of renewable energy capacity addition entailing an investment of Rs 1,37,500 crore (about USD 16.5 billion) in 2024 calendar year, which would be higher than 13.5 GW with an investment ..

Updated On: 26 Dec 2023 | 1:07 PM IST

BluPine Energy ties up Rs 511 crore green loan for Gujarat solar project

Renewable energy services firm BluPine Energy has tied up a Rs 511 crore green loan for its 120 MW solar project in Gujarat. The green loan financing for the project has been secured through leading global banking institution Standard Chartered, a company statement said. "With a green loan valued at Rs 511 crore (USD 62 million), this visionary project not only contributes to India's ambitious clean energy goals but also highlights our unwavering dedication to innovation and environmental responsibility," Sanjeev Bhatia, CFO of BluPine Energy, said in the statement. "We are happy to announce the successful financial closure of our first 120 MW solar project in Gujarat," he added. The company stated that the total investment for this project is valued at Rs 665 crore (USD 80 million). Upon completion, the solar plant is expected to generate about 3.23 lakh MWH of solar energy annually, offsetting an estimated 2.96 lakh tons of CO2 and providing power to approximately 2.7 lakh ...

Updated On: 14 Dec 2023 | 5:29 PM IST

IREDA hits 20% upper limit; stock up 166% against issue price in 11 days

IREDA has launched a retail division to gear towards enhancing emphasis on providing loans to borrowers in the PM-KUSUM scheme, Rooftop Solar, and other Business-to-Consumer (B2C) sectors.

Updated On: 11 Dec 2023 | 11:58 AM IST

Renewables funds see record outflows as rising rates, costs hit shares

Renewable energy firms with high growth potential are vulnerable to rising interest rates as they eat into the value of future cash flows

Updated On: 09 Oct 2023 | 11:01 PM IST