Tags: renewables

India will overachieve Paris pact targets by 60%: IEEFA

India would significantly exceed its 2015 Paris Agreement target of a 40 per cent share of installed power capacity from non-fossil fuel sources by 2030, the US-based Institute for Energy Economics and Financial Analysis (IEEFA) said on Friday. Based on India’s Central Electricity Authority (CEA) projections, instead of 40 per cent, India will have 63 […]

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West Bengal failed to take initiative to create Green Energy Fund: CAG

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 […]

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Power ministry approves proposal for early nod to 66 GW renewable energy project

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 […]

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Scientists finds way to create Renewable energy from recycled plastics

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 […]

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India crosses 80 GW renewable energy capacity mark says RK Singh

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 […]

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L&T Finance arm gets USD 100 million from AIIB for green energy funding

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 […]

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Switching to renewable energy can drive up energy poverty: Study

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, […]

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Sembcorp to infuse equity worth Rs 516.9 cr in SEIL to push renewables biz

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 […]

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China to become largest energy storage market in Asia Pacific by 2024

Wood Mackenzie expects China to become the largest energy storage market in Asia Pacific by 2024. China’s cumulative energy storage capacity is projected to skyrocket from 489 megawatts (MW) or 843 megawatt-hours (MWh) in 2017 to 12.5 gigawatts (GW) or 32.1GWh in 2024. This represents an increase in the installed base of 25 times.   […]

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ADFD-financed US$15 Million Renewable Energy Project Launches in Cuba

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 […]

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