New capacity addition in the renewables sector during the first quarter of this fiscal was higher at 1,541 MW when compared with the capacity addition of 1,059 MW in the year ago quarter.
Citing inhouse analysts who supply data to E.ON’s power sales units, the company said that, looking back over three years, the increase over the six months had been 33 percent.
As an ambition, we fixed for next three years to be structurer or to finance 100 billion of euros of new financing, including bond issuance for our clients in renewables.
About 50% of Coal India’s receivables from power companies, estimated at Rs 9,000 crore, are from four stateowned companies, its executives said.
Sumant Sinha-led Re-New Power Ventures has finalised the takeover of Ostro Energy for an enterprise value of ₹10,800 crore ($1.66 billion), the biggest M&A deal in the renewables sector, sources close to the deal said.
The law of unintended consequences is taking its toll on the thermal power sector. A report by a government committee on the optimal energy mix in power generation says the thermal power sector may continue to bear the brunt of the thrust on renewable energy.
Total net U.S. electricity generation from natural gas and coal fell by 7.7 percent and 2.5 percent respectively in 2017 from the previous year, amid a corresponding increase in output from renewable sources, the U.S. Energy Information Administration (EIA) said on Tuesday.
Volumes in India’s solar sector plunged by 70% during first nine months this fiscal owing to policy changes, but Suzlon has retained market leadership and is poised to bounce back as a vertically-integrated player, said group chief executive JP Chalasani.
Energy crisis is one of the biggest problems our world is facing today. While the demand for energy is ever-increasing, the energy reserves are rapidly depleting, thus making it imperative to develop and harness renewable energy.
Greenko, backed by Singapore’s GIC and Abu Dhabi Investment Authority, is close to striking a deal to purchase wind and solar energy producer Orange Renewables for an enterprise value of about $1 billion, said people with knowledge of the matter. Having entered into exclusive negotiations with Delhi-based Orange, Greenko is likely to make a formal […]