The Union Cabinet chaired by Prime Minister Narendra Modi was apprised for the Memorandum of Understanding (MoU) between India and Tajikistan on Cooperation in the field of Renewable Energy. The MoU was signed on 8th October, 2018. Benefits: The MoU will enable establishment of a basis for a cooperative institutional relationship between India and Tajikistan to […]
GIC Holdings Pte Ltd of Singapore and Abu Dhabi Investment Authority (ADIA) are reportedly investing $550 million of fresh primary capital in India’s renewable energy firm Greenko. ET citing sources reports that this will be the third round of capital infusion by the two which will make Greenko the biggest recipient of foreign capital in […]
Sterlite Power has submitted bids for two storage projects in the recently concluded auction of Salt River Project utility. This marks the first foray of Sterlite Power into grid connected battery energy storage systems (BESS). Grid connected BESS are rapidly achieving commercially viability for utilities around the world as total system costs have dropped approximately […]
Union Minister of State for Power and New & Renewable Energy R K Singh Friday called the Budget 2019-20 “historic, people-friendly and forward-looking” as it provides assistance to all needy sectors while maintaining fiscal prudence. However, some renewable energy sector players have expressed their disappointment on the Budget, saying it provided no ray of hope […]
Currently Bharat Heavy Electricals Limited (BHEL) and Libcoin is in talk to build country’s first lithium ion Giga battery plant. Here we bring you top seven things that you should know about the India’s first Giga Factory :- BHEL and Libcoin are in dialogue to form a world class consortium to initially build 1GWh lithium […]
Adani Green Energy (AGE) recently said it has acquired 51 per cent equity share capital of Kodangal Solar Parks Pvt Ltd (KSPPL) from FS India Devco Pvt Ltd for about Rs 1.69 crore. Adani Green Energy already held 49 per cent stake in KSPPL. KSPPL was incorporated in August 2015 and has set up 20 […]
The Gujarat government is planning to add 3GW of renewable energy generation capacity every year till 2022. The 3GW of renewable energy generation capacity includes 1 GW from wind and 2GW from solar energy sources. 28% of total 27,200 MW installed power generation capacity in Gujarat comes from Renewable energy source. Pankaj Joshi, managing director, […]
The upcoming Vibrant Gujarat Summit 2019 (VGGS) expects to see commitment of investments worth a whopping Rs 50,000 crore in the renewable energy sector in the state, according to officials. The state-owned Gujarat Power Corp Ltd (GPCL) will be laying the foundation stone for the biggest 5000mw solar power park worth Rs 25,000 crore within […]
The Gujarat Government maintains that the state has been leading the renewable energy sector, but the latest numbers emerging from the biennial Vibrant Gujarat Global Investor Summit since 2003 do not support the claims. Official figures state that of the total 559 Memorandums of Understanding for investment in the renewable energy sector since the first summit in 2003 till 2017, […]
Minister of State (I/C) for New and Renewable Energy and Power R. K Singh replying to a question in the Lok Sabha informed that 3217 Million US$ has been received as FDI in Renewable Energy Sector and renewable energy capacity reached about 74GW as on 30/11/2018. The FDI data cell of the Department of Industrial […]
