Renew Power limited (“ReNew Power”), India’s leading Renewable energy company, today announced the elevation of Sanjay Varghese to the position of Executive Vice President in the company. Sanjay will head the Solar Business for the company and report directly to Chairman and Managing Director, Sumant Sinha. Sanjay has been with ReNew for the past 2 […]
Renewable sources generated more of Britain’s electricity than fossil fuels for the first time last quarter, according to analysis by specialist website “Carbon Brief” published Monday. “In the third quarter of 2019, the UK’s windfarms, solar panels, biomass and hydro plants generated more electricity than the combined output from power stations fired by coal, oil […]
Finance Minister Nirmala Sitharaman on Monday said that the government is committed to provide energy security to India. “….Here is the government which is committed for energy security for India. Energy security, which is not blindly using non-environment friendly sources,” Sitharaman said addressing India Energy Forum CERAWeek Summit here. The third India Energy Forum by […]
Power and New & Renewable Energy Minister R K Singh on Tuesday exuded confidence that India will achieve 175GW of renewable energy target by 2022. “The target of having 175 GW of renewable energy by 2022 looks huge. But, today we have established 83 GW clean energy. About 29 GW of renewable energy is under […]
Finance Minister Nirmala Sitharaman on Monday assured investors that India will honour contractual commitments under various energy agreements. “Commitments shall be honoured and investors should not have any concern,” Sitharaman said at the India Energy Forum of CERAWeek. Recently, Andhra Pradesh had asked government nodal agencies Solar Energy Corporation of India (SECI) and NTPC to […]
Terna Energy Finance, the financing arm of Terna Energy, will launch a tender on Oct. 16 for a green bond loan of up to 150 million euros, it said on Monday. The offer for the seven-year bond will end on Oct. 18, it said. A source at Terna Energy said that about 90 million euros […]
The Ministry of New and Renewable Energy (MNRE) has denounced a recent Crisil report that stated the ministry may miss the renewable energy target by 42 per cent, and asserted that the clean power capacity by 2022 will exceed the goal of 175 GW. The ministry termed the report as “ill founded”, factually incorrect and […]
Energy Efficiency Services Limited (EESL) and National Investment and Infrastructure Fund (NIIF) today announced a new Joint Venture, IntelliSmart Infrastructure Private Limited (“IntelliSmart”), to implement, finance and operate the smart meter roll-out program of power distribution companies. Smart meters will lay the foundation for smart grids which will be crucial to meet challenges of the […]
Delhi’s power regulator DERC has imposed penalties to the tune of Rs 1.71 crore on discom TPDDL and Rs 2.88 crore each on BYPL and BRPL for defaulting on renewable energy purchase obligations (RPO) for three financial years. The Delhi Electricity Regulatory Commission(DERC) in its order last month found default on the part of the […]
Faced by many a regulatory challenge, policy flip-flops and also a steep fall in tariffs, the country is likely to miss the renewable energy target of 175 GW by 2022 by a wide margin, says a report. According to a weekend report by Crisil, this target is set to be missed by a full 42 […]
