Page 2 - Renewable Energy In India

Gurgaon-based ACME signs pact with Japan's IHI to supply green ammonia

The term sheet covers the supply of 0.4 million metric tons per annum (MMTPA) of green ammonia from Phase-1 of ACME's Gopalpur on a long-term basis

JSW Renew Energy commissions 51 MW wind energy capacity in Tamil Nadu

JSW Renew Energy has commissioned the first phase of 51 MW capacity of its 810 MW wind energy project in Tamil Nadu, the company said in a statement on Tuesday. The project has a power purchase agreement with Solar Energy Corporation of India (SECI) for 25 years, the statement said. JSW Renew Energy Ltd, a wholly owned step-down subsidiary of JSW Energy, has started phase-wise commissioning of the 810 MW (Inter State Transmission System) ISTS-connected wind power project awarded under SECI tranche IX in Tamil Nadu with commissioning of the first phase of 51 MW, as per the statement. With this, the total current installed capacity has gone up to 6,822 MW while the under-construction capacity stands at 2,969 MW, which is likely to be commissioned in phases over the next 12 months, it said. JSW Energy Joint Managing Director and CEO Prashant Jain said, "We are happy to announce that we have started commissioning the SECI-IX wind project which is the first and largest greenfield wind .

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 ...

Renewable energy capacity to reach 170 GW by March 2025: ICRA analyst

India will add another 38 gigawatt (GW) of renewable energy capacity by March 2025 to touch 170 GW-mark, aided by moderation in solar module prices, an Icra analyst said on Thursday. The country's installed renewable energy capacity was at 130 GW as of October 2023, Vikram V, Vice President & Sector Head - Corporate Ratings, Icra, said in a webinar. Indian Renewable Energy (RE) capacity is expected to reach 170 GW by March 2025, led by strong policy support and moderation in solar module prices, he said. The capacity addition thereafter is likely to be supported by the significant improvement in tendering activity in the current fiscal with over 16 GW projects bid out so far and another 17 GW bids underway by the central nodal agencies, Vikram said. The share of RE-based round-the-clock (RTC) projects is expected to rise in upcoming tenders to mitigate the intermittency risk associated with renewables. This is in line with the 50 GW annual bidding trajectory announced by the ...

Adani Electricity to provide 60% of renewable electricity to Mumbai by 2027

Adani Electricity supplied 100% renewable energy to its 3 million subscribers in Mumbai for 4 hours on Diwali

In a first, Tata Power Renewable Energy secures 200 MW FDRE project

Tata Power Renewable Energy Ltd (TPREL) has bagged a 200 MW firm and dispatchable renewable energy (FDRE) project from SJVN Ltd. FDRE provides round-the-clock power supply and supports the discoms in meeting renewable purchase obligation (RPO) and energy storage obligation (ESO), Tata Power said in a regulatory filing. The company said its subsidiary, "Tata Power Renewable Energy Limited (TPREL), has received a Letter of Award (LOA) for developing the 200 MW FDRE project with SJVN Ltd (SJVN)," the company said. The company, however, did not disclose the financial details of the order. SJVN is a public sector undertaking (PSU) involved in hydroelectric and renewable power generation and transmission and has been designated as the Renewable Energy Implementing Agency (REIA) by the Ministry of New & Renewable Energy (MNRE) for achieving the nation's target of achieving 500 GW by 2030. This is the first FDRE power tender won by TPREL. It (tender) also includes a greenshoe option, ...

Delhi govt to allow diesel, petrol vehicles to be converted into EVs

The process of converting internal combustion engine (ICE) vehicles into an EV involves changing the original engine and other related components and installing a new alternative powertrain

US DFC to invest $435 million in Tata Power's green energy subsidiary

The DFC invests in energy, healthcare, infrastructure, agriculture, and small businesses among other sectors

Ireda partners with banks to boost renewable energy projects in India

Agreements with Union Bank of India and Bank of Baroda set to empower renewable energy projects

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

Multilateral development banks pledge upto $27 bn for India's green growth

The government commits to green hydrogen development, encourages collaboration with private sector as global demand for hydrogen is expected to reach 200 million tons by 2030

Pumped storage projects may create 7,000 jobs in Maharashtra: NHPC

The MoU sets the stage for the establishment of four pumped storage projects, which will have a combined capacity of 7,350 MW

Solar power investment set to surpass oil production spending this year

The growth in clean energy spending is driven by technologies including solar panels and electric vehicles that are key to cutting dependence on the use of oil, coal and natural gas

Renewable energy firms missing deadlines to be blacklisted for 3-5 years

Senior executives, however, pointed out that the encashment of bank guarantee in case of default was always part of the tender document issued by central government agencies

Railways rolls out energy efficiency plan to meet 2030 net-zero target

Focuses on meeting non-traction demand through renewables

Goal set for up to Rs 50,000-crore green investments in Uttar Pradesh

The state has set a target to generate 22,000 megawatt (Mw) of solar power over the next five years

Multi-pronged policy support gives green signal to renewable energy: CRISIL

Currently, non-fossil or clean sources make up around 25 per cent of energy and 40 per cent of the installed power base in the country

Interest rates for renewable power must be brought down: Assocham president

Assocham president Sumant Sinha has called for bringing down interest rates for the industry, especially for the domestic renewables sector, which is seeing high rates of 8-10 per cent compared to 3-4 per cent in the western markets. On his expectations from the government for the domestic power and renewable energy sectors in the upcoming budget, Sinha said interest rates should be brought down for the rate-sensitive sector. Finance Minister Nirmala Sitharaman is scheduled to present the budget on February 1. "Bring down the interest rates because ours is a very interest rate-centric sector. ...it is high compared to what you pay in other parts of the world. In India, the rate is in the range of 8 per cent to 9.5 per cent for the industry and (specifically) in power and renewables (sectors) it is 8-10 per cent," Sinha, who is also the Chairman of ReNew Power told PTI in an interview. "In the western world, rates are 3 to 4 per cent." Sinha said every 1 percentage point increase i

CM Yogi attends high-level meet on enhancing solar power generation in UP

As the consumption of electricity in Uttar Pradesh is predicted to shoot up to 53,000 MW in the next five years, Chief Minister Yogi Adityanath has directed officials to focus on alternative sources

India achieves 166GW of renewable energy capacity till October: R K Singh

India has achieved 165.94GW of renewable energy capacity till October as against the target of 175GW by 2022, Parliament was informed on Thursday. "Against the target of achieving 175 GW of Renewable Energy installed capacity by 2022, a total of 165.94 GW of renewable energy capacity (including large hydro) has been installed in the country as on October 31, 2022," Power and New & Renewable Energy Minister R K Singh stated in a written reply to Lok Sabha on Thursday. A capacity of 76.13 GW (of renewables) is under various stages of implementation and a capacity of 36.44 GW is under various stages of bidding, Singh informed the House. In line with the Prime Minister's announcement at COP26, the Ministry of New and Renewable Energy is working towards achieving 500 GW of installed electricity capacity from non-fossil sources by 2030. Singh further elaborated that so far, a total of 172.72 GW capacity from non-fossil fuel-based energy resources has been installed in the country as on .