Tags: renewables

India emerged as most attractive global market for clean energy: PM Modi

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 […]

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USAID, MNRE new partnership on clean energy, here is what you should know

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 […]

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Sharp spurt in clean energy innovation needed to reach climate goals: IEA

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 […]

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Dismissing canards against power reforms, R K Singh says making sector viable only challenge left

Brushing aside canards being spread by certain lobbies against reforms, Power Minister R K Singh on Friday said the only challenge left is to make the sector viable through efforts like amendments in the Electricity Act and revising tariff policy. “India is a power surplus nation. We are well connected (in terms of power transmission). […]

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BNEF release report detailing how India has become the world’s largest clean energy auction market

Bloomberg Philanthropies and BloombergNEF (BNEF) on Friday released “India’s Clean Power Revolution,” a new white paper detailing how India has become the world’s largest and most competitive clean energy auction market – and a model country for others looking to leverage low-carbon investments in their Covid-19 economic recovery strategy. The report outlines how India’s rapid […]

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IRENA Outlines Agenda to Put Energy Transformation at Heart of Sustainable Economic Recovery

Report says targeted public spending and policy action will bring immediate jobs and boost GDP – provides recommendations how to maximise recovery while meeting climate goals Governments can align immediate economic stimulus needs with medium to long-term decarbonisation and sustainable development objectives by targeting policy measures and public spending towards the energy transformation, a new […]

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Renewable energy certificates sales down over 55 per cent in May

Sales of renewable energy certificates dropped over 55 per cent to 3.33 lakh units in May compared to 7.5 lakh in the same month a year ago, according to official data. Renewable energy certificate (REC) is a type of market-based instrument. One REC is created when one megawatt hour of electricity is generated from an […]

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Renewable energy developers remain exposed to regulatory risk: Icra

Renewable energy developers having a significant exposure to third-party power purchase agreements remain exposed to regulatory risks as open access charges in such pacts are likely to increase to mitigate the cash flow issues of discoms in the wake of COVID-19 pandemic, says Icra. Third party PPA refers to an arrangement where a renewable energy […]

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Fluence Lines Up 2,300 MW of Orders for Sixth-Gen Energy Storage Technology

Fluence, a Siemens and AES company rencently unveiled its sixth-generation energy storage technology stack combining factory-built hardware, advanced software and data-driven intelligence. The company in a statement said the new technology is changing the way energy storage systems are built and operated — making them simpler, safer, faster and more cost-effective to deploy at scale. […]

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IEA offers world govts a Sustainable Recovery Plan while making energy systems cleaner

IEA report which is based on analysis conducted in cooperation with the IMF outlines energy-focused policies and investments to move the world towards a cleaner and more resilient future The International Energy Agency IEA presented a Sustainable Recovery Plan focusing on a series of actions that can be taken by the world governments over the […]

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