IL&FS gets approval for sale of wind energy projects to Orix Corp

Cash strapped Infrastructure Leasing and Financial Services (IL&FS) Monday said it has received approval from NCLAT appointed Justice (Retd) D K Jain for the proposed sale of its balance 51 per of stake in seven wind energy subsidiaries to Orix Corporation of Japan. Justice Jain who has been appointed by the NCLAT to supervise the […]

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Kenya launches Africa’s biggest wind farm

Kenya on Friday inaugurated Africa’s biggest wind power plant, a mammoth project in a gusty stretch of remote wilderness that now provides nearly a fifth of its energy needs. The $680-million (600 million euro) project, a sprawling 365-turbine wind farm on the eastern shores of Lake Turkana, will deliver 310 megawatts of renewable power to […]

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India will overachieve Paris pact targets by 60%: IEEFA

India would significantly exceed its 2015 Paris Agreement target of a 40 per cent share of installed power capacity from non-fossil fuel sources by 2030, the US-based Institute for Energy Economics and Financial Analysis (IEEFA) said on Friday. Based on India’s Central Electricity Authority (CEA) projections, instead of 40 per cent, India will have 63 […]

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West Bengal failed to take initiative to create Green Energy Fund: CAG

West Bengal failed to create a Green Energy Fund (GEF) under the renewable energy policy of the government, the CAG has said in its audit report. The responsibility for creation and management of the energy fund was thrust upon the state’s nodal agency, West Bengal Green Energy Development Corporation Ltd (WBGEDCL), which has not taken […]

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Power ministry approves proposal for early nod to 66 GW renewable energy project

The power ministry on 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. “In a major decision to fast track the deployment of Renewable Energy (RE) in India, Minister of State for Power and […]

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EDF Renewables and Masdar places 415 MW order in Saudi Arabia

A consortium formed by EDF Renewables and Masdar has placed a 415 MW order for the Dumat Al Jandal wind park in the Al Jouf region of Saudi Arabia. The project will be the country’s first utility-scale wind park, showcasing the increasing competitiveness of wind energy globally. The order is an engineering, procurement and construction […]

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Workforce in renewable energy segment grew five times in five years: Study

India’s renewable energy workforce has grown five-fold in the past five years, according to a new report on Monday. In 2019, nearly 100,000 workers are employed in the solar and wind industry, up from 19,800 in 2014. Of these, 12,400 workers were employed in FY19 and 30,000 in FY18 by utility-scale solar, rooftop solar and […]

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India crosses 80 GW renewable energy capacity mark says RK 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. “The Government is regularly […]

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IL&FS arm puts its shares in two wind energy assets for sale

Going ahead with its monetisation process, IL&FS Energy Development Company, a subsidiary of the crisis-hit IL&FS, has invited expressions of interest (EoI) to sell its stake in Sipla Wind Energy Ltd and Mahidad Wind Energy Private Ltd. Sipla Wind Energy is a special purpose vehicle with under-construction wind energy project with aggregate capacity of 43.2 […]

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Greenko signs pact with GIC, ADIA for $329 mn more equity funding

Greenko Energy Holdings has signed definitive agreements for a primary equity of USD 329 million from an affiliate of Singapores sovereign wealth fund GIC and Abu Dhabi Investment Authority (ADIA). This amount is in addition to the $495 million previously announced. After the investment, GIC would continue to remain as the majority shareholder of Greenko, […]

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