ADB, IEA Renew Agreement to Collaborate on Energy Sector

The Asian Development Bank (ADB) has renewed a memorandum of understanding (MOU) with the International Energy Agency (IEA) to scale up collaboration and advance progress on sustainability with increased focus on energy sector resilience in Asia and the Pacific. “The energy sector is a key driver of growth and human development, especially during recovery from […]

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India emerged as most attractive global market for clean energy: PM Modi

Prime Minister Narendra Modi inaugurating Asia’s largest solar project said India has emerged as the most attractive global market for clean energy. Launching the 750 MW solar project in Rewa in Madhya Pradesh through video-conferencing, Modi also said the state will emerge as a major hub for clean and cheap power in the country. “Solar […]

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L&T Infrastructure closes USD 100 million ECB from AIIB for Renewable Energy Finance

L&T Infrastructure Finance Company Ltd (LTIF) has received the first tranche of 50 million dollars of the total 100 million external commercial borrowing loan from Asian Infrastructure Investment Bank (AIIB), a multilateral development bank that invests in sustainable infrastructure. The development marks AIIB’s first loan to a non-banking financial company (NBFC) in India. The loan […]

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Suzlon posts consolidated net loss of Rs 834.22 cr in March quarter

Suzlon Energy has posted a consolidated net loss of Rs 834.22 crore for the March quarter mainly due to lower revenues and high finance cost. The consolidated net loss of the company was Rs 294.64 crore in the quarter ended on March 31, 2019, a regulatory filing said. Total income from operations of the company […]

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USAID, MNRE new partnership on clean energy, here is what you should know

In a step toward increasing the collaboration between US and India for clean energy development, the US Agency for International Development (USAID) and the Ministry of New and Renewable Energy (MNRE) have announced the launch of a partnership between the USAID-supported South Asia Group for Energy (SAGE) and MNRE’s national technical institutions. Here we bring […]

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NREL develops Machine Learning Approach to Quickly Produces 50X Higher-Resolution Climate Data

Researchers at the U.S. Department of Energy’s (DOE’s) National Renewable Energy Laboratory (NREL) have developed a novel machine learning approach to quickly enhance the resolution of wind velocity data by 50 times and solar irradiance data by 25 times—an enhancement that has never been achieved before with climate data. The researchers took an alternative approach […]

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Atma Nirbhar Bharat Abhiyan To be given boost in Power Sector: R.K. Singh

R.K. Singh, the Union Minister of Power and New & Renewable Energy and Skill Development & Entrepreneurship (IC), highlighted the need of Atma Nirbhar Bharat Abhiyan, envisaged by Prime Minister Narendra Modi, in Power Sector while addressing the Power Ministers of State Governments and UTs through video conference.  He said that our country’s import bill […]

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AEML to install 7 lakh smart meters to enable real-time unit reading for consumers

After been criticized and receiving backlash from the consumers including Bollywood celebrities for inflated bills in June, Adani Electricity Mumbai Ltd (AEML) on Tuesday said it will soon install over seven lakh smart meters in the coming months to ensure real-time information to consumers on their electricity consumption. The company distributes power to around 30 […]

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Debt-laden Suzlon Energy completes its debt restructuring process

Wind energy solutions provider Suzlon Energy has completed its debt restructuring process. Under the restructuring plan, promoters and key shareholders have infused Rs 392 crore. In a regulatory filing, the company said that the debt restructuring completed with unanimous approval of secured lenders. Post the announcement, shares of the company on the BSE hit the […]

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Climate fund targets USD 2.5 bln in clean energy investment for SE Asia

A new climate fund backed by philanthropic donors is aiming to trigger $2.5 billion of clean energy investment in Southeast Asia and aid the region’s green recovery after the coronavirus. The South East Asia Clean Energy Facility (SEACEF) is managed by Singapore-based Clime Capital, with an initial investment of $10 million and a focus on […]

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