Renewable Enrgy

The VSB announcement comes days after TotalEnergies' renewables strategy faced a series of setbacks in other regions

Suzlon Group on Wednesday said the company has secured an additional wind project of 302.4 megawatt from Jindal Renewables in Karnataka. In October, Suzlon had announced securing a 400-megawatt (MW) wind power deal from Jindal Renewables Power. "Suzlon and JSP Green Wind 1, a subsidiary of Jindal Renewables, have expanded their partnership with an additional 302.4 MW wind power project in the Koppal region of Karnataka," the group said in a statement. The second order brings the total capacity from Jindal Renewables to 702.4 MW, making it Suzlon's largest-ever commercial and industrial (C&I) order from a single customer. Under the strategic agreement, Suzlon will supply 96 wind turbine generators (WTGs) of S144 series with hybrid lattice (HLT) towers, each rated at a 3.15 MW capacity. The power generated will be used at steel plants in Chhattisgarh and Odisha, Suzlon said without disclosing the exact value of the multi-crore order. Suzlon Group Vice-Chairman Girish Tanti said, ..

The uptick in Sterling and Wilson Renewable Energy shares came after the company announced that it has received a new domestic order from a Private IPP worth Rs 504 crore

The Ministry of New and Renewable Energy (MNRE), in collaboration with the Ministry of Power, has decided to set up a centre of excellence (CoE) to carry out research and development for indigenous manufacturing of various components required to generate green energy. Union Minister for New and Renewable Energy Pralhad Joshi said at a press conference after addressing the 'Chintan Shivir' organised here to develop strategies for achieving India's ambitious target of 500 gigawatts (GW) of renewable energy capacity in the next 6 years by 2030. The two-day meeting concluded on Friday. More than 200 parts or components (over 50 per cent of total parts) required to develop electrolysers are being imported from other countries, Joshi said. "So, a centre of excellence (CoE) will be established to carry out joint research and development for indigenous manufacturing of such components," he said. Electrolysers, which use electricity to split water into hydrogen and oxygen, are a critical .

Ayana Renewable Power, owned by NIIF, British International Investment Fund and Green Growth Equity Fund, operates solar and wind plants that produce 1,600 megawatts in India and has another 2,500

Apollo Green Energy is also executing 400 MW of solar installations and other engineering, procurement and construction projects

The uptick in KP Energy share price came after the company secured over 1 GW order for development of wind-solar hybrid and solar power projects from KPI Green

There is significant growth opportunity for renewable energy sector in India, as the country's growing energy demand along with rapid industrialization needs all resources of energy, including solar and wind, according to an international sustainable development agency in Vienna. The Indian government has shown both a deep as well as a continued commitment to renewable energy, said Kanika Chawla, Director and Chief of Staff at Sustainable Energy For All' (SEforALL). Speaking to PTI on the sidelines of Singapore International Energy Week held in October 21-25, Chawla said there is more manufacturing (renewable energy) happening within India which also improves security and reduces import dependence. "India is using policies like performance-linked incentives for manufacturing. All this is very laudable and brings energy economic prosperity to the people," she noted. Chawla also acknowledged that clean energy solutions are quite job intensive as every kWh of RE generates three times

The cost of deploying solar panels and battery technology is due to drop by 19 per cent by 2030, helping deliver record amounts of low carbon power

India currently has 150 Gw of installed RE capacity

India is looking to connect a record 35 gigawatts (GW) of solar and wind energy capacity to its grid

Gujarat's expansive solar initiatives are setting the standard for the rest of the country

The data is also masking some of the progress by the world's top greenhouse gas emitter in reducing the share of coal

State-owned Indian Renewable Energy Development Agency (IREDA) said it has received the government's approval to raise up to Rs 4,500 crore through an issue of equity shares to qualified institutions placement. The approval was granted by the Department of Investment and Public Asset Management (DIPAM) based on the recommendations of a high-level committee, a company statement said. According to the statement, the fundraising will be carried out through the Qualified Institutions Placement (QIP) route, with a planned dilution of the Government of India's shareholding in IREDA by up to 7 per cent on a post-issue basis, to be executed in one or more tranches. The fundraising exercise aims to strengthen IREDA's capital base, enabling the organisation to scale its financing for renewable energy projects and further accelerate India's transition to clean energy. "DIPAM approval represents a critical step forward in our expansion plans," Pradip Kumar Das, Chairman and Managing Director o

Torrent Power share price today: The buying interest in Torrent Power shares came after the reaffirmed its commitment towards investment worth Rs 64,000 crore in green and sustainable projects

Despite this positive outlook, Adani Green's stock was trading about 2 per cent lower at Rs 1,890.20 as of 9:26 AM, while the BSE Sensex was down 0.08 per cent to 82,920.90 levels.

India added slightly more than 18 GW of renewable energy capacity in fiscal 2024, compared with 15.3 GW a year earlier, taking its total to 153 GW

Prime Minister Narendra Modi on Monday said his government in the first 100 days of its third term had tried to address every sector and factor for rapid progress of the country. Addressing the 4th edition of Global Renewable Energy Investors Meet and Expo (RE-INVEST 2024) in Gandhinagar, he said not just Indians but the entire world feels India is the best bet for the 21st century. "In the first 100 days (of the Union government's third term) you can witness our priorities, speed and scale. We have tried to address every sector and factor which are required for rapid progress of the country," the PM said. "India's diversity, scale, capacity, potential and performance are unique and that is the reason I say Indian solutions for global application," he added. India is preparing the base for development for the next 1000 years and the focus is not just to reach the top but to sustain the rank, Modi asserted. "For us green future and net zero are not just fancy words. These are ...

The three-day conference is anticipated to draw over 10,000 delegates, including influential figures from government, industry, and financial sectors

Adani Green Energy Ltd (AGEL), the renewable energy arm of the ports-to power conglomerate run by billionaire Gautam Adani, on Monday said it has redeemed USD 750 million worth of bonds as it deleverages business. In a statement, the firm said it has completed "redemption of all outstanding USD 750 million 4.375 per cent Holdco Notes due on September 8, 2024." The move is in step with its January announcement of a plan to redeem the USD 750 million worth of notes, eight months ahead of the redemption date. Issued in September 2021, the three-year Holdco Notes supported AGEL's high-growth objectives. During the period, AGEL's capacity has increased more than three-fold - from 3.5 gigawatt (GW) to 11.2 GW, registering a CAGR (compounded annual growth rate) of 48 per cent. The company had in January stated it would pay USD 169 million from its reserves and internal accruals, and USD 300 million from the consideration from a joint venture with TotalEnergies Renewables. The remaining US