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 […]
Coal India, the state-owned monolith that produces almost all of the country’s coal, sees a slowdown coming, according to an internal prognosis.
India’s oil refining capacity is set to jump 80%, or by 194 mt (mt), by 2030 as state refiners, Reliance Industries and Rosneft line up expansion plans, undeterred by the renewables explosion, hoping to meet future demand.
New modelling by the Institute for Energy Economics and Financial Analysis (IEEFA) finds the Indian state of Tamil Nadu capable of doubling its wind energy capacity by 2027 and increasing its solar capacity six-fold.
India’s Niti Aayog created ripples when it revealed a vision to completely switch automobile sales in India to electric vehicles (EVs) by 2030. EVs would obviously have a large impact on the environment.