India is “adequately prepared” to deal with the impact of the US decision to end waiver for importing oil from Iran, the government said on Tuesday, and that it will work with other partner countries, including the US, to find “all possible ways” to protect its energy security and economic interests.
CleanMax Solar, Mumbai-based solar power developer, today announced it has raised Rs 275 crore in equity funding from UK Climate Investments LLP (UKCI). The investment will help CleanMax Solar expand its portfolio – facilitating renewable energy buying
Battery storage, smart grid, and energy efficiency firms raised $210 million in the first quarter (Q1) of 2019 globally, according to a recent report by Mercom Capital Group.
India’s solar power capacity addition is set to grow by about 15 per cent to a range between 7,000 Megawatt (Mw) and 7,500 Mw in the current financial year (2019-20) based on the tendering activity and awards of projects in the past 12-15 months.
The government has worked out a contingency plan to ensure that there is adequate supply of crude oil to Indian oil refineries from May onwards when the US lifts the waivers from its Iran sanctions given earlier to major oil importing countries, including India.
Oil prices hit their highest since November on Tuesday after Washington announced all waivers on imports of sanctions-hit Iranian oil would end next week, pressuring importers to stop buying from Tehran and further tightening global supply.
In a positive move, lenders of IL&FS Wind Energy Ltd will not have to take any haircut for the loans extended to the beleaguered company’s wind assets.
The Gujarat Urja Vikas Nigam Limited (GUVNL) has extended the bid submission deadline for 1,000 MW of grid-connected wind power projects to be developed in the state (Phase II-R).
Mahavitaran suffered a set back after Maharashtra Electricity Regulatory Commission (MERC) rejected its petition to recover fuel adjustment charge from bulk power consumers in the month of consumption.
Private power producer Tata Power will lead the nation’s renewable energy transition with gradual withdrawal from building new coal fired power plants, a report said.