Royal Dutch Shell and SoftBank are among several global groups considering bidding for Equis Energy, Asia`s largest independent renewable energy producer valued at up to $5 billion, sources familiar with the matter said.
India may soon review its Renewable Purchase Obligation (RPO) mechanism to give targets more suited to the environment of each state and offer more flexibility, according to energy minister Piyush Goyal.
The Solar Energy Corporation of India (SECI) has cancelled tenders for 950 MW of solar capacity, some of which with battery storage, Mercom Capital said on Thursday.
Tata Power Co. Ltd plans to invest around $90 million (close to Rs600 crore) in equity capital in its renewable energy arm Tata Power Renewable Energy Ltd (TPREL) as the company seeks to develop its immediate pipeline of 320 megawatts (MW) of solar assets, two people aware of the development said.
Sajjan Jindal-led JSW Energy is exploring new opportunities in renewable energy space and transmission and distribution segment, the company said in its annual report 2016-17.
The recent aggressive bidding and adverse perception due to falling renewable tariffs have led to non-remunerative electricity tariffs causing a scenario of muted power demand for the private thermal power generation projects
Allianz has released its Climate and Energy Monitor 2017 ranking South Africa 10th among G20 countries for renewable energy investment conditions.
India’s powergrid needs to be upgraded if the plan to sharply step up power from renewable energy is to be successful, an energy expert has said.
At present, installed electricity generation capacity in India is about 330GW. About 17.5 % (57.5GW) is through renewable generation (wind: 32.3GW, small hydro:4.3GW, solar:12.5GW
As on 30.09.2015 total debt of all State owned DISCOMs was Rs. 3.95 lakh Cr. The 26 states and 1 UT which have joined the UDAY scheme account for total outstanding debt of Rs. 3.82 lakh Cr. Hence, ~97% of the total outstanding debt of all State DISCOMs has been covered under UDAY.