The Australian government has rejected a plan to generate 42 per cent of its energy from renewable sources and will instead pursue cheaper and more reliable power.
Train stations along one of the most used railway corridors in the world will soon have their dependence on traditional sources of energy loosened thanks to the power of the sun.
Tata Power said it generated more four times as much power from renewable sources like solar and wind in the financial year ended March, compared to the year before.
As more states take the route of revision of tariffs for renewable energy projects as recent bids have gone ultra low, the sector could see a major shakeup with close to 7 GW under pressure.
India is amongst the fastest growing economies and the ‘power sector’ is acting as a catalyst to this growth. The record capacity addition in the last couple of years raised the installed generation capacity to over 315GW, including 50GW from renewables.
Tata Power’s consolidated profit after tax (PAT) more than doubled in the quarter ended June on the back of strong performance of its coal and renewable energy businesses.
Under pressure, developers revise tariff to Rs 4.99/unit to Jharkhand from bids of Rs 5.08-7.95. The move will help developers sign power purchase agreements.
Private thermal projects are staring at muted power demand, which is the effects of non-remunerative tariffs partly due to aggressive bids and some adverse perception due to falling renewable tariff
The Rural Electrification Corporation (REC) management spoke to CNBC-TV18 from London on the listing of the company’s Green Bond Issuance.
As India is moving towards meeting its commitments under the Paris agreement on climate change, its renewable energy market is likely to witness a strong growth over many years, says Moody’s Investors Service.