Page 4 - Renewable Sources

Earth Day 2022: Reduce reliance on fossil fuels, says Dalai Lama

We need a more holistic education, an education that incorporates inner values, such as a compassionate concern for others' well-being: Dalai Lama

Tata Power, RWE Renewables GmbH tie up to develop offshore wind projects

A corresponding MoU has been signed between Tata Power Renewable Energy Limited and RWE Renewables GmbH, one of the world's leaders in offshore wind, a Tata Power statement has said

Did India fail COP26 or take a step forward in the right direction?

COP26 climate summit ended with India and China forcing an replacement of the word 'phase-out' with 'phase-down' in relation to coal in the final draft. What was behind India's move? Let's find out

Fossil fuel divestment campaign gathers momentum in philanthropy

The worldwide divestment campaign has sought commitments from universities, corporations and other entities

ReNew expects to commission 10.2 GW renewable energy capacity by FY23

Renewable energy firm ReNew Power is looking to commission its 10.2 gigawatt (GW) capacity by financial year 2022-23. In a statement on Tuesday, ReNew said it also expects to generate an annual EBITDA (earnings before interest, taxes, depreciation, and amortization) of USD 1.1-1.2 billion with the commissioning of the 10.2 GW capacity. "ReNew expects to have its 10.2 GW portfolio operational by the end of FY23 which also includes 3.8 GW of committed capacity i.e. which has a PPA/LOA (Power Purchase Agreements/Letter of Award) or for which the company has a binding acquisition agreement "This capacity is expected to generate an annual EBITDA of USD 1.1 billion - 1.2 billion, double of USD 578 million in FY21," the company said. It further said it aims to have 18 GW of RE capacity by 2024-25, from the 6.4 GW operating at present. "As India sets its sight on achieving 450 GW of installed clean energy capacity by 2030, ReNew will be a leading catalyst of this transition from fossil-ba

CESL, WRI India sign pact to build strategy for renewable energy sector

Convergence Energy Services Ltd (CESL) and the World Resources Institute India have entered into a pact to work on strategising for India's transition towards a net-zero emission trajectory.

India's capacity for renewable energy rose by over 250% in 6-7 years: PM

He emphasised that the capacity of solar energy has been increased by about 15 times in the last six years.

Adani Green raises $1.35 bn to finance its renewable portfolio

The debt facility, with participation from 12 intl banks, would initially finance the company's 1.69 GW hybrid portfolio of solar and wind renewable projects to be setup in 4 SPVs in Rajasthan

Battery storage cheaper than new coal power plants in TN: Analysis finds

Renewable energy along with battery storage in Tamil Nadu is cost competitive with new coal power plants, the analysis has found

ITC pledges to meet 100% grid electricity needs from renewables by 2030

Firm has been expanding its renewable footprint over past two decades, meets 40% of its electricity needs from wind, solar and biomass; Its investment in renewable assets is about Rs 1,000 cr

The conundrum of solar power costs: Change the face of long-term PPAs

It is imperative that alternate contract structures be explored that balance the long-term risks of the developers with the off takers

Despite Covid-19 India's renewables to see largest upswing in 2021: IEA

India is expected to be the largest contributor to the renewables upswing in 2021, with the country's annual additions doubling from 2020

CoP25: India promises pro-business environment, policies for renewables

The MNRE aims to bid out the balance capacities for solar and wind by June 2020, giving developers 30 months to complete deployment

Green economy to the economy's rescue

India's economy needs a renewed boost of structural reforms, just when a second generation of green policies is also needed

ReNew Power becomes 11th firm globally to reach 5,000-Mw green capacity

India's largest renewable power company on Sunday commissioned a 250 Mw plant in Rajasthan's Bikaner

AP discoms seek steep cut in solar, wind tariffs across all existing PPAs

Ask APERC to slash tariffs by 40-62% for PPAs and PSAs entered between 2012 and 2017 involving around 7,500 Mw of capacity

Clean-energy sources surpass coal's power supply for first time in the US

The onslaught of clean power is coming largely at the expense of coal, which only a decade ago supplied more electricity in the US than anything else

Solar & wind energy to employ over 300,000 to meet 175 Gw power supply goal

The ILO said in its annual flagship report on the state of the global job market that action to combat climate change could create millions of new job opportunities