Tags: renewable energy India

Renewable Energy certificate sales down dipped 2.25 percent in October

Sales of renewable energy certificates dipped 2.25 per cent to 6.87 lakh units in October as compared to 7.03 lakh in the same month a year ago due to lower supply, according to official data. Indian Energy Exchange (IEX) and Power Exchange of India (PXIL) are the two power bourses in the country which are […]

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Distributed Energy unveils a platform connecting investors & customers in renewable energy

Distributed Energy, a renewable energy aggregator has announced one of its kind platform that connects credible renewable projects with investors. After comprehensive due diligence on several metrics is performed, energy customers have their fundable projects listed on its marketplace. Investors can explore and express interest in one or more of these at the click of a button. The […]

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Cabinet approves pact with Guinea on renewable energy

The Union Cabinet on Wednesday gave ex-post facto approval to a pact signed between India and Guinea in the field of renewable energy. “The Union Cabinet chaired by Prime Minister Narendra Modi has given approval for the MoU (memorandum of understanding) between India and Guinea in the field of renewable energy,” an official statement said. […]

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Gujarat sets 30,000 MW renewable energy generation target by 2022

Gujarat government has set a target of 30,000 MW of renewable energy generation by 2022 from the current 9,670 MW. “Gujarat will have over 30,000 MW of renewable energy by 2022, the roadmap for which has been finalised,” state’s chief secretary J N Singh told reporters here on Monday. At present, the state has a […]

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India needs $30 billion investment per year in the renewable sector: CEEW

India ideally needs $30 billion investment per year in the renewable sector, backed by a strong regulation to preserve contract sanctity, according to a research organisation. “Today, we are averaging about $11 billion a year in renewable investments, we ideally should be getting $30 billion per year in India,” Arunabha Ghosh, chief executive officer of […]

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ReNew Power to commission 3,000 Mw renewable energy capacity in 18 months

Renew Power will add 3,000 MW of generation capacity in the next 18 months, a top official of the company said on Thursday. A 250 megawatt plant was commissioned at Bikaner on October 27, taking the total generation capacity of Renew Power to 5,000 MW or 5 GW level, Renew Power Chairman and Managing Director […]

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ReNew Power says Andhra problems could hurt India’s renewables target

Investors could be put off India by Andhra Pradesh state’s difficult relationship with renewable energy companies, Sumant Sinha, chair of Goldman Sachs-backed ReNew Power, said on Thursday. India, the world’s third-largest emitter of greenhouse gases, wants to raise its renewable energy capacity to 500 gigawatts (GW), or 40% of total capacity, by 2030. The southern […]

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India showing political will on renewable energy development: IRENA

India is showing political will to develop renewable energy despite challenges such as land regulations, a senior official of the International Renewable Energy Agency (IRENA) said here. Francesco La Camera, Director General of the International Renewable Energy Agency, made the remarks on Wednesday while releasing a report on “A Climate-Safe and Sustainable Energy System” at […]

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Thermal power plants PLF remains subdue with increasing renewable generation: Study

Progress on stressed thermal power asset resolution remained slow as only 10 per cent of affected generation capacity witnessed resolution despite several steps taken by the government and lenders, ICRA said on Wednesday. Thermal power plants PLF (plant load factor or capacity utilisation) levels remain subdued with the increasing renewable generation and modest demand growth, […]

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Renewable energy companies manage payment delays for now

Leading renewable energy producers are managing the stress arising from payment delays by distribution companies (discoms) in Andhra Pradesh and Telangana because of their diversified operations and financial flexibility. However, prolonged delay in resolution of the issues can hurt credit outlook of the sector and moderate investor sentiment. CRISIL analysed leading 10 companies which have […]

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