The Asian Development Bank (ADB) has renewed a memorandum of understanding (MOU) with the International Energy Agency (IEA) to scale up collaboration and advance progress on sustainability with increased focus on energy sector resilience in Asia and the Pacific. “The energy sector is a key driver of growth and human development, especially during recovery from […]
Prime Minister Narendra Modi inaugurating Asia’s largest solar project said India has emerged as the most attractive global market for clean energy. Launching the 750 MW solar project in Rewa in Madhya Pradesh through video-conferencing, Modi also said the state will emerge as a major hub for clean and cheap power in the country. “Solar […]
L&T Infrastructure Finance Company Ltd (LTIF) has received the first tranche of 50 million dollars of the total 100 million external commercial borrowing loan from Asian Infrastructure Investment Bank (AIIB), a multilateral development bank that invests in sustainable infrastructure. The development marks AIIB’s first loan to a non-banking financial company (NBFC) in India. The loan […]
In a step toward increasing the collaboration between US and India for clean energy development, the US Agency for International Development (USAID) and the Ministry of New and Renewable Energy (MNRE) have announced the launch of a partnership between the USAID-supported South Asia Group for Energy (SAGE) and MNRE’s national technical institutions. Here we bring […]
Researchers at the U.S. Department of Energy’s (DOE’s) National Renewable Energy Laboratory (NREL) have developed a novel machine learning approach to quickly enhance the resolution of wind velocity data by 50 times and solar irradiance data by 25 times—an enhancement that has never been achieved before with climate data. The researchers took an alternative approach […]
The central government has proposed a major push to domestic manufacturing of renewable energy equipment in the country that would completely eliminate the need for imports, particularly from countries such as China. As part of the plan, an accelerated manufacturing plan is being operationalised that is incentivising setting up of solar cell manufacturing capacity of […]
Music to the ears of solar power producers setting up their projects using Chinese equipment, government proposes to exempt those having power purchase agreements (PPAs) with procuring states from the steeper customs duty levy. Sources in the power ministry said that all solar power projects having valid PPAs as on August 1, 2020 will escape […]
Coal India Ltd (CIL) and NLC India together will develop solar power assets of 3,000 MW with a likely investment of around Rs 12,000 crore, said sources speaking to PTI. The two companies recently announced that they would form a JV to develop 5,000 MW of solar and thermal power assets across the country. They […]
R.K. Singh, the Union Minister of Power and New & Renewable Energy and Skill Development & Entrepreneurship (IC), highlighted the need of Atma Nirbhar Bharat Abhiyan, envisaged by Prime Minister Narendra Modi, in Power Sector while addressing the Power Ministers of State Governments and UTs through video conference. He said that our country’s import bill […]
According to a report released by the International Energy Agency (IEA)–a major acceleration in clean energy innovation is needed for the countries and companies around the world to fulfil their pledges to bring their carbon emissions down to net-zero in the coming decades,. The report assesses the ways in which clean energy innovation can be […]
