West Bengal failed to create a Green Energy Fund (GEF) under the renewable energy policy of the government, the CAG has said in its audit report. The responsibility for creation and management of the energy fund was thrust upon the state’s nodal agency, West Bengal Green Energy Development Corporation Ltd (WBGEDCL), which has not taken […]
The power ministry on Thursday said it has approved proposal for early regulatory nod by CERC for transmission schemes for 66.5 GW renewable energy generation in order to fast-track green projects in the country. “In a major decision to fast track the deployment of Renewable Energy (RE) in India, Minister of State for Power and […]
India’s renewable energy workforce has grown five-fold in the past five years, according to a new report on Monday. In 2019, nearly 100,000 workers are employed in the solar and wind industry, up from 19,800 in 2014. Of these, 12,400 workers were employed in FY19 and 30,000 in FY18 by utility-scale solar, rooftop solar and […]
Scientists have found a way to recycle plastics to create high value materials such as carbon nanotubes, which can not only conduct heat and electricity but also help reduce plastic waste. While a small proportion of the hundreds of types of plastics can be recycled by conventional technology, researchers from Swansea University in the UK […]
India’s renewable energy capacity has crossed the 80GW-mark, which includes 29.55 GW of solar energy and 36.37 GW wind power, Parliament was informed Tuesday. The government has set an ambitious target of having 175 GW of clean energy capacity by 2022, including 100 GW solar and 60 GW of wind energy. “The Government is regularly […]
National Solar Energy Federation of India has urged the government to cap tariff from all renewable energy sources at Rs 3 per unit for auctions by state-owned NTPC and Solar Energy Corporation. The capping will help keeping the renewables tariff lower than Rs 3 per unit. This will prove to be a remedy for differential […]
The Beijing-headquartered multi- lateral developmental lender Asian Infrastructure Investment Bank (AIIB) Friday said it will provide USD 100 million in loans to L&T Infrastructure Finance Company for on-lending to wind and solar power infrastructure projects in the country. This deal with the arm of L&T Finance Holdings marks the bank’s first loan to a non-banking […]
Switching to renewable energy sources from fossil fuels can help reduce carbon emissions but at the expense of increased energy inequality, claims a study. The study published in the journal ‘Energy Research & Social Science’ found that renewable energy consumption reduces carbon emissions more effectively when it occurs in a context of increasing inequality. Conversely, […]
Sembcorp Industries Wednesday announced infusion of equity worth Rs 516.9 crore into its India arm Sembcorp Energy India (SEIL) to support its renewable energy business in the country. The equity injection is funded through a mix of internal funds and borrowings, Sembcorp has said in a filing to the Singapore stock exchanges. The equity infusion […]
Abu Dhabi Fund for Development (ADFD), the leading national entity for international development aid, together with the Cuba’s Ministry of Energy and Mines and International Renewable Energy Agency (IRENA), today inaugurated a new 10 megawatt (MW) solar PV project. The grid-connected project was financed by ADFD with US$15 million under the IRENA/ADFD Project Facility and […]
