SoftBank Vision Fund makes $110M bet on renewable energy storage
Softbank Group’s Vision Fund has made its first foray into energy storage technology with a $110 million investment in Switzerland-based Energy Vault.
CEA to monitor payment of dues to renewable energy firms
The Central Electricity Authority (CEA) is planning to monitor payment of dues to renewable energy companies from distribution companies and has asked them to share details of the dues.
India will have 330 GW of renewable energy capacity by 2030: Amitabh Kant, CEO, NITI Aayog
NITI Aayog CEO Amitabh Kant has said that India will have 175 gigawatt (GW) of renewable energy generation capacity by 2022 and 330 GW by 2030 provided power discoms become commercially-viable entities. He was speaking at the Bloomberg NEF Summit here on Friday.
Solar storm: AP govt’s bid to renegotiate renewable contracts could have serious repercussions
India’s renewable energy sector has made remarkable progress, particularly after Prime Minister Modi launched a big push on renewables during his first term. But its fortunes have fluctuated since prices began tumbling to a point where renewable-energy firms’ financials have become stretched.
India’s largest renewable energy companies: Acme, Adani and Greenko top the list
Acme Solar, Adani, and Greenko have topped the list of India’s largest solar power producers by capacity while in the wind energy sector Renew Power, Greenko and Sembcorp top the charts, according to latest data compiled by the International Energy Agency and CEEW. The latest data, compiled in a report “Clean Energy Investment Trends 2019”, […]
Renewable energy projects with Rs 21,000 crore debt facing risk
The Andhra Pradesh (AP) government’s latest move to review and bring down the purchase cost of wind and solar energy could aggravate the problem of delayed payments from distribution companies (discoms) and bring under stress about 5.2 gigawatt (GW) of renewable projects with debt of over Rs 21,000 crore.
India to touch renewable energy capacity of 260 GW by 2024 – govt secretary
India expects to achieve a renewable energy capacity target of 260 gigawatt (GW) by 2024, a government official said on Friday, as the country sees rapid growth in renewable capacity backed by government orders, private equity and pension fund investments.
Power ministry approves proposal for early regulatory nod for 66 GW renewable energy projects
The power ministry Thursday said it has approved proposal for early regulatory nod by CERC for transmission schemes for 66.5 GW renewable energy generation in order to fast-track green projects in the country.
Renewable Energy: Freak weather events pose new risk to India’s goals
India’s ambitious plan to take the leadership position among nations as one of largest producers of renewable energy may have run into some unfavorable weather. Freak climatic conditions are damaging renewable energy projects, threatening a business which survives on wafer-thin margins.
India’s renewable energy capacity crosses 80-GW mark, says R K Singh
India’s renewable energy capacity has crossed the 80GW-mark, which includes 29.55 GW of solar energy and 36.37 GW wind power, Parliament was informed Tuesday. The government has set an ambitious target of having 175 GW of clean energy capacity by 2022, including 100 GW solar and 60 GW of wind energy.
