Renewable Sources

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, ..

Steel is responsible for 7% of global carbon dioxide emissions, around the same as India, with coal-fired blast furnaces producing 2 metric tons of CO2 for each ton of output

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

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

State-owned Ireda on Thursday reported a 36 per cent rise in its profit after tax to Rs 387.75 crore in the September quarter on higher revenues. The company had posted a profit after tax (PAT) of Rs 284.73 crore in the July-September period of the preceding 2023-24 fiscal, it said in an exchange filing. Its total revenue from operations rose 38.52 per cent year-on-year to Rs 1,630.38 crore from Rs 1,176.96 crore. Ireda's loan book increased by 35.88 per cent to Rs 64,564.36 crore from Rs 47,514.48 crore in the same quarter a year. Loan sanctions jumped around four-fold to Rs 8,723.78 crore against Rs 2,852.05 crore in the second quarter last fiscal. The company disbursed Rs 4,461.87 crore worth of loans, up 43.93 per cent from Rs 3,099.98 crore in the year-ago quarter. Ireda CMD Pradip Kumar Das said, "Q2 results reflect our unwavering dedication to advancing India's renewable energy goals. The substantial growth in loan sanctions and disbursements underscores the company's ...

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

Investments worth Rs 1,850 crore have been committed in the biogas sector during the Renewable Energy India (REI) Expo 2024, held from October 3-5 in Greater Noida, a top official of Indian Biogas Association (IBA) said. "The IBA has secured anticipated investment commitments totaling Rs 1,850 crore through joint ventures (JVs), MoUs, and letters of intent (LoIs) at the recently concluded Renewable Energy India (REI) Expo 2024, held from October 3 to 5 in Greater Noida," IBA Chairman Gaurav Kedia told PTI. Kedia said a total of 47 exhibitors representing 10 biogas producing nations took part in the REI Expo. These investments, set to be realised over 2-3 years, reflect strong international interest, particularly from countries such as Germany, Sweden, and the UK, he said. "We have signed MoUs (memorandum of understanding) worth over Rs 900 crore for joint ventures and received almost 50 LoIs (letter of intends) for establishing compressed biogas plants in India," Kedia said. Found

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

India needs to install around 7,000 gigawatts (GW) of renewable energy capacity to achieve net-zero emissions by 2070 but deployment beyond 1,500 GW could face critical challenges, including climate risks, high land prices, land conflicts, and population density, according to a new study. The study by independent think tank Council on Energy, Environment and Water (CEEW) is the first of its kind to map India's renewable energy and green hydrogen potential by analysing the entire country's landmass and applying real-world constraints. India has a renewable energy (RE) potential of over 24,000 GW and around 7,000 GW of installed capacity is required to achieve net-zero emissions by 2070. The fast-developing South Asian nation currently has an installed RE capacity of 150 GW, and the study says that the constraints are relatively manageable up to 1,500 GW. Arunabha Ghosh, the CEO of CEEW, said, While our RE potential is vast, the road to net zero is fraught with challenges. From land

It announced they have emerged as the lowest bidder for the EPC of India's first biomass to green hydrogen project.

BC Jindal Group on Thursday announced its foray into India's renewable energy sector, with a plan to invest USD 2.5 billion in the next five years. With an existing portfolio of 1,200 MW thermal power generation in Angul, Odisha, BC Jindal Group has floated a dedicated entity to hold the renewable venture of the group, a statement said. The group plans to invest around USD 2.5 billion in the renewable energy sector, in the next 5 years, the statement added. BC Jindal Group, India's leading conglomerate, with over Rs 18,000 crore turnover, will oversee the renewable power generation and solar cells and module manufacturing businesses. Jindal India Renewable Energy (JIRE) aims to generate 5 GW of power from solar, wind, hybrid and FDRE modes, to uphold responsible environmental care while achieving decarbonisation, it stated. Along with this, JIRE will also manufacture PV Cells and Modules to tap into the solar demand. Punit Gupta, Executive Director, JIRE, said, "To address India'

Data centres procure electricity at commercial rates in a state, which usually falls within the highest power tariff slab

Clean energy company Sunkind Energy on Monday said it has secured new solar power projects totalling around 20 megawatts (MW). The contracts have been awarded by Nahar Group and Jindal Group, the company said in a statement. For Nahar Group, the company said it will set up a capacity of 7.3 MW in Ludhiana, Punjab, for captive purposes and a 19.6 MW captive solar project for Jindal Group in Nashik, Maharashtra. Both projects will be set up in engineering, procurement and construction (EPC) mode. The company aims to complete these contracts by September 2024, Sunkind Energy founder and CEO Hanish Gupta said. The company did not provide any financial details of the project. As per industry estimates, 1 MW of solar projects involves an investment of around Rs 5-7 crore, including land cost. Gurugram-based Sunkind Energy is a leading EPC solar company in the country, having a total orderbook of 52 MW solar projects under various stages of implementation.

India's power crisis: To avert a looming power shortage, India must accelerate efforts to boost renewable energy capacity, warns new research

The global shift to renewable energy sources has given rise to huge business opportunities. Here are the top 5 renewable energy business ideas 2024

The global shift to renewable energy sources has given rise to huge business opportunities. Here are the top 5 renewable energy business ideas 2024

Union Budget 2024: Capital expenditure for renewable power may witness a double-digit allocation, with capacity expected to reach 180-gigawatt by FY26, according to a CRISIL report

As part of its renewable energy strategy, Maruti Suzuki India has initiated operations at a biogas facility within its Manesar plant in Haryana, using its food waste and Napier grass

Karnataka and Gujarat continue to lead the race to clean energy transition, but states like Jharkhand, Bihar, West Bengal and Uttar Pradesh need to step up efforts, according to a new report released on Tuesday. The joint report by research organisation, Institute for Energy Economics and Financial Analysis (IEEFA), and clean energy think tank Ember evaluates the clean electricity transition preparedness at the sub-national level. The report's authors said Karnataka and Gujarat continue their strong performance across dimensions, effectively integrating renewable energy sources into their power sectors, making strong strides in decarbonisation. But states like Jharkhand, Bihar, West Bengal and Uttar Pradesh need to improve. While these states are in the early stages of their transition, they now need to focus on increasing renewable energy deployment, enhancing short term market participation and strengthening their distribution companies. The report launch coincides with a spell o

Renewables accounted for 11.7% of India's power output in the year that ended in March, down from 11.8% a year earlier