Growth Of Renewables

ACME Solar plans Rs 17,000 crore capex for hybrid renewables in FY26

ACME Solar on Sunday said it has planned an investment of Rs 17,000 crore on capital expenditure in FY26 with a focus on hybrid and round-the-clock renewable capacities. The company is also evaluating entry in nuclear energy segment, though these plans are at a drawing board level, ACME Solar said in a statement. ACME Solar Holdings plans to invest Rs 17,000 crore to boost renewable energy capacity to 5 GigaWatts by 2027. As a broader strategy, ACME Solar aims to treble its current renewable capacity to reach 7 GW by 2028, according to the statement. "We intend to focus our new capacities on the revenue and margin accretive hybrid and FDRE (Firm and Dispatchable Renewable Energy) projects as a critical pivot in our business strategy," CEO Nikhil Dhingra said. Renewable energy projects integrated with energy storage systems are referred as FDRE projects. Such projects ensure round-the-clock supply of green power, addressing challenges related to variable RE production. Dhingra furt

Centre sets Rs 4,350 cr as target for IREDA in operating revenues

In the previous financial year, Indian Renewable Energy Development Agency (IREDA) managed to achieve revenue from operations of Rs 3,482 crore, surpassing the target of Rs 3,361 crore

By 2025, Delhi govt aims to meet 25% of annual demand through solar power

The Delhi government's solar policy, which will be notified next month, aims to meet 25 per cent of the city's annual electricity demand through the clean energy by 2025, Delhi Finance Minister Kailash Gahlot announced on Wednesday. While presenting his maiden budget as finance minister, Gahlot in the assembly announced an allocation of Rs 3,348 crore for the power sector, up from Rs 3,340 crore last year, and highlighted that electricity rates have not been increased in the last eight years. "The Delhi government has treated providing minimum electricity to every household in Delhi like a fundamental right and in the year 2022-23, out of Delhi's 58.5 lakh domestic consumers, about 84 per cent had availed the Delhi government's electricity subsidy scheme," he said in the assembly. Gahlot said the government's Solar Policy will be notified by next month and it will establish Delhi as a leading example for the country in the field of solar energy. "The Delhi Solar Policy 2022 aims to

Corporates hopeful for green hydrogen; may pump Rs 16 trillion in 10 years

Industry experts have said that it will take a combination of technological advancements and regulatory support to boost the cost-effectiveness and viability of green hydrogen in the country

Best of BS Opinion: Babri Masjid demolition case, Covid-19 crisis, and more

Here's a selection of Business Standard opinion pieces for the day

To enhance share of green power, govt must resolve tariff, infra costs

Amid a global focus on renewable sources as a way forward, the government and the industry appear unanimous on the need to expand the green energy capacity, but high tariffs and costly infrastructure came in the way during 2018 and the sector want these issues resolved in the new year. For the government, endeavour will be to increase the share of green energy in 2019 to fight climate change, but experts feel it would require resolving issues related to tariffs, safeguard duty, clarity on GST and meeting a tall investment order of Rs 5.12 lakh crore to finally achieve 175 GW of clean power by 2022. "Our endeavour remains to enhance the share of green power and be an effective partner in the fight against climate change so as to leave behind a healthy planet for future generations," Power and New & Renewable Energy Minister R K Singh told PTI. The minister said the New and Renewable Energy sector has received highest priority in India for the government headed by Prime Minister ...

Look who is embracing renewables

Besides Infosys, three companies have committed to 100 per cent renewables usage under the RE100 umbrella: Dalmia Cement, Tata Motors and Hatsun Agro

Growth of renewables 12% higher than last year's

Renewable forecast for 2017 is 12 per cent higher than last year, mostly due to upward revisions of solar PV in China and India