Tag: Renewable energy
17 Results
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Govt to auction up to 21 GW solar, wind capacity by March 2018
Buoyed by the success of reverse auction of renewables, the Ministry of New and Renewable Energy on Friday announced the auction of up to 21 GW solar and wind capacities by March 2018. The ministry will put on the block 3-4 GW wind power capacities during third and fourth rounds by March 2018. Each round will...
November 24, 2017 -
Mohan Walia gets ‘Global Fellowship in Renewable Energy’ award
Hydro Power Producers in Satluj and various other associated basins Forum (HPPF) Secretary General, Chander Mohan Walia has been conferred with prestigious award, ‘Global Fellowship in Renewable Energy’. An official spokesperson said here on Wednesday that he was conferred with the prestigious award at a ceremony held at New Delhi Institute of Management Convention Centre...
November 22, 2017 -
‘India must focus on renewable energy’
Hans-Josef Fell, a German politician and international renewable energy activist, has spent more than 30 years working on solar and wind energy. In 1985, when running a home on 100 per cent solar energy was considered a highly uneconomical proposition, he installed a solar system in his villa. A physicist by profession, he joined the...
November 18, 2017 -
More green energy should power India: PM Modi
Green energy like solar power would power India as 175 gigawatt (GW) of electricity is expected to be generated from renewable sources, Prime Minister Narendra Modi said here on Sunday. “By 2022, when India will be celebrating 75 years of independence, 175 GW of renewable energy will be generated. The government is working towards meeting...
October 29, 2017 -
Clean energy think-tank favours more access to debt
India’s industry body Clean Energy Access Network (CLEAN) on Thursday laid emphasis on building a modern energy system through increased public-private partnership and long-term, affordable and accessible debt finance. In its first annual report “State of the Sector” released here, it sought increased public partnership to scale decentralised renewable energy solutions and to identify access...
October 5, 2017 -
Indian thrust on renewables will affect thermal projects: CEA
Overemphasis on renewable energy would result in reducing viability of coal-fired thermal power plants in India, adding to the massive non-performing assets (NPAs) of state-run lenders, Chief Economic Adviser (CEA) Arvind Subramanian said on Thursday. “Rapid changes in technology are promising to help realize the promise of renewables, which is an eminently desirable development. At...
August 18, 2017 -
English football team’s eco dream as first vegan club
Founded in 1889, Forest Green Rovers were promoted to the professional leagues in May.
August 15, 2017 -
India’s outdated electricity grid needs major upgrade
India's power grid needs to be upgraded if the plan to sharply step up power from renewable energy is to be successful, an energy expert has said. "The now-outdated grid interface needs to be modernised into a smart grid capable of handling the ever-greater share of generation to come from new, low-cost renewable energy. That...
July 7, 2017 -
Piramal Finance gives Rs.700 cr loan to ACME Solar
Healthcare major Piramal Enterprises on 5 July announced that its subsidiary Piramal Finance Ltd (PFL) has sanctioned an additional Rs.700 crore to renewable energy firm ACME Solar Holdings. "The deal was made by introducing a new product — a Flexi Line of Credit — for the renewable energy sector," a Piramal release said here. Earlier...
July 6, 2017 -
Coal India to generate 1 GW clean energy this fiscal: Goyal
State miner Coal India (CIL) will generate one gigawatt (GW) power from renewable energy during the current fiscal as part of its plan to produce around 10 GW power overall from renewables, Union Coal, Power and Renewable Energy Minister Piyush Goyal said on 29 June. "This is a contribution towards a better planet, towards greening...
June 30, 2017 -
Indian renewable market to witness strong growth: Moody’s
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. “However, renewable energy projects face challenges related to the weak credit quality of offtakers, an evolving regulatory framework, as well as financing...
June 27, 2017 -
Govt moves ahead to resurrect stalled power projects
Signalling the intent of the government, Power Minister Piyush Goyal on Monday said the ministry is doing its job to revive stalled and stressed thermal and hydro power projects. "We are close to resolution of stressed thermal power projects soon where developers are not wilful defaulters," Goyal told reporters here while speaking about three years...
June 12, 2017 -
Sri Lanka betting on renewables through competitive bidding
With abundant wind and solar power potential, Sri Lanka is betting big on these electricity sources through competitive bidding for projects, a top government official in the power ministry said. The projects include a 100 MW floating solar power project on a reservoir, 60 MW of wind power on a distributed basis of 1 MW...
May 21, 2017 -
India no. 2, surpasses US in renewable energy index
The Indian renewable energy sector has attained number two position in the world, according to EY in its latest report on “Renewable Energy Country Attractiveness index”. While China retained its top position, the US which was number two last year has slid down to number three position and Germany maintained its number four position. There...
May 17, 2017 -
Wind power auction scheme kicks off
PTC India on Thursday signed a memorandum of agreement for purchase of 1000 MW wind power under MNRE’s first wind auction scheme with the discoms of UP, Bihar, Jharkhand, Delhi Odisha and Assam. The MOA will bring down the wind power tariffs to as low as Rs 3.46 unit. “This was the first time such...
May 4, 2017 -
If India meets renewables target, no more coal power needed till 2027
As the prospects for coal-generated electricity recede globally, India is one of the last bastions of the world's oldest, dirtiest energy source — although construction of new coal-fired power plants is faltering. From January 2016 to January 2017, development of coal-fired power capacity fell around the world, according to a March 2017 report titled "Boom...
April 29, 2017 -
Renewable energy may surpass thermal power in near future
What a positive start to end the financial year 2016-17 for the energy sector in India! Renewable energy is weaving a new growth story. With smooth yet giant steps, renewable energy is nearing to surpass the traditional source of power, thermal power in India, currently enjoying a dominant place in the power sector. As per...
April 13, 2017