Sembcorp Industries Wednesday announced infusion of equity worth Rs 516.9 crore into its India arm Sembcorp Energy India (SEIL) to support its renewable energy business in the country.
Total, one of the world’s major integrated oil & gas company along with French energy group EDF Renewables, will develop 700 MW of solar power projects in India through their joint subsidiary EDEN Renewables India.
In the recently announced budget for FY 2019-2020, there is a very slight increase in the budgetary allocation of funds for the solar energy sector when compared to the allocation in the previous fiscal.
Gujarat has told all winners of its latest auction of wind power projects to match the tariff of Rs 2.80 per unit quoted by lowest bidder Enerfra to stand a chance to win the contracts, people familiar with the development told ET.
Malaysian government-owned Tenaga Nasional Berhad is exploring the option of setting up a renewable energy platform in India, a person aware of the development said, underlining India’s image as a clean energy champion. The company supplies electricity to Malaysia’s 31.7 million people.
Imposition of auction ceiling prices and delays in commissioning of awarded projects have lowered near-term growth outlook of wind power sector in India, according to a report.
The National Thermal Power Corporation (NTPC) has issued tender inviting applications from eligible vendors for the enlistment of engineering, procurement, and construction (EPC) bidders to develop floating or ground-mounted solar PV projects between 10-50 MW capacity.
The ongoing attempts by the Andhra Pradesh government to renegotiate existing wind and solar power Power Purchase Agreements (PPAs) without mutual consent may adversely impact investor sentiment and future investments in the sector, ratings agency ICRA said today.
While Himachal Pradesh government is making efforts to harness the hydro-power potential of rivers in the state, projects already functioning are now facing allegations of not releasing required level of water downstream thus posing threat to aquatic life due to water scarcity.
Jammu and Kashmir has huge deficit in the electricity it requires to light up homes, yet it has not harnessed its plentiful energy resources, particularly solar energy.