Fitch Solutions on Monday said that the centre’s proposed carbon tax waiver on coal may pose substantial downside risks to India’s renewable sector growth. In a bid to alleviate significant debt levels in the power industry, India has proposed to waive carbon taxes on coal (Rs 400 rupees/tonne), it said. This comes at a time […]
Ratings agency Icra on Monday revised its outlook for India’s renewable energy sector from stable to negative amid delays in payments from discoms and execution of projects. The sector is facing headwinds because of the long delays in making payments by the state distribution utilities, delays in projects bid out over the past two years, […]
Stanford scientists have outlined new steps that 143 countries around the world can take to attain 100 per cent clean, renewable energy by the year 2050. The roadmap, published in the journal One Earth, uses the latest energy data available in each country to offer more precise guidance on how to reach those commitments. It […]
Sales of renewable energy certificates fell around 10 per cent to 5.04 lakh units in December as compared to 5.59 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 […]
TVS Motor has been supporting the green mobility initiative by developing suitable technology, products and business solutions. The two-wheeler manufacture has shared its plan to invest around Rs.6 Cr during 2019-20 to enhance solar, wind power under ‘Group Captive Mode’ and for implementing other planned energy efficiency measures. Some of the future course of action […]
The power and renewable energy minister R K Singh recently said that government has estimated an investment of about Rs 4 lakh crore over the course of next three years to meet renewable energy target. The minister answering a question in Rajya Sabha said “A cumulative renewable energy capacity of 83.38 GW has already been […]
Anand Kumar, Secretary for the Ministry of New and Renewable Energy (MNRE) stated that the Indian Renewable Energy Development Agency (IREDA), is planning to set up a dedicated “Green Window to serve the unserved segments of renewable energy.” “Renewable energy is increasingly cheaper and better for the strategic interests of India, and the IREDA Green […]
India and Japan have agreed to cooperate for efficiency and environmental improvement for sustainable, stable and low-carbon supply of electricity. The Union Cabinet on Wednesday cleared signing of memorandum of understanding between Central Electricity Authority, India and Japan Coal Energy Centre, on Japan-India cooperation in the field of energy efficiency and environment improvement. The MoU […]
India needs to reform its tariff regime to reduce dependence on discoms and bring new electricity procurement models to boost consumption of renewables by commercial and industrial (C&I) consumers, according to an industry expert. As per a report by WWF-India, C&I consumers account for 51 per cent of the total electricity consumption in India, which […]
Singapore-based Sembcorp Industries on Wednesday said it has signed an agreement to acquire the remaining near 6 per cent stake of its local partner Gayatri Energy Venture Pte Ltd in the Indian arm, Sembcrop Energy India Ltd (SEIL), for Rs 406 crore. “Following the completion of the proposed acquisition, Sembcorp will become the sole owner […]
