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SECTOR | 22 Oct 2024

Data centre capacity to more than double to 2,100 MW by FY27: ICRA

Business Standard

India's data centre capacity is expected to reach 2,000-2,100 megawatts (MW) by FY2027, with anticipated investments of Rs 50,000-55,000 crore fuelled by digital boom and data localisation efforts, according to credit rating agency Icra. The current capacity stands at 950 MW, with major players like NTT Global Data Centers, CtrlS Data Centres, STT Global Data Centers, Sify Technologies and Nxtra Data controlling 85 per cent of the market (as of March 2024), Icra said in a statement. Icra Vice President Anupama Reddy said the surge in data generation and the push for data localization are driving a transformative shift in India's data centre landscape. "The low data tariff plans, access to affordable smartphones, adoption of new technologies and growing user base of social media, e-commerce, gaming and OTT platforms are some of the key triggers for data explosion," she said. Moreover, artificial intelligence (AI) led demand, which is expected to increase multi-fold in the next 3-5 .

Energy and Power

SECTOR | 21 Oct 2024

India Will Need Rs 32 Lakh Crore For Renewable Energy By 2030, Says IREDA MD

NDTV Profit

This phase will focus on ramping up renewable energy generation to meet immediate needs.

Need Rs 32 trn investment in renewable sector by 2030, says IREDA CMD

Business Standard | 21 Oct 2024

Energy and Power

SECTOR | 21 Oct 2024

Work on 10 more nuclear reactors underway in country, parl panel told

Business Standard

At least 10 nuclear reactors are being installed in the country while two reactors in Gujarat's Kakrapar have started generating power commercially, the Parliamentary Standing Committee on Science and Technology was informed on Monday. According to sources, the new nuclear reactors coming up in states like Gujarat, Rajasthan and Haryana are of 700 MW capacity and will start operating in the next few years. The details of the new nuclear reactors were provided to the members of the Standing Committee of Parliament on Science and Technology, Environment, Forests and Climate Change during a meeting here. Congress leader Jairam Ramesh, who is a member of the committee as well as its former chairman, said members of the panel were informed during the meeting that the Kakrapar-3 and Kakrapar-4 nuclear reactors in Gujarat have been fully synchronised with the grid and are generating power commercially. "This is a major accomplishment since these are indigenously designed 700-megawatt...

Energy and Power

SECTOR | 20 Oct 2024

Meeting 2030 target may push India's solar imports to $30 bn per yr: GTRI

Business Standard

The country's target of installing 500 GW of renewable energy by 2030 may push solar equipment import bill to about USD 30 billion per year and increase dependence on Chinese goods, think tank GTRI said in a report on Sunday. It said developing a self-reliant solar manufacturing industry in India will require significant investment to create an integrated supply chain, especially in areas like polysilicon and wafer production. Without this, India may continue to face high import costs and struggle to meet its renewable energy goals. India installed 15 GW of solar capacity in 2023-24, raising the total to 90.8 GW by September, compared to just 2.8 GW in 2014, it said. To meet the government's target of installing 500 GW of renewable energy by 2030, India needs to significantly ramp up installations to 65-70 GW each year, with over 80 per cent of this target expected to come from solar power, according to the Global Trade Research Initiative (GTRI). "This target seems ambitious,...

Energy and Power

SECTOR | 18 Oct 2024

JSW Energy inks 1,200 MW Solar-Wind Hybrid Power deals in Maharashtra, shares in red

Business Line

The 25-year agreements were signed at a tariff of 3.60/kWh, with commissioning expected within 24 months

JSW Energy Arms Sign 25-Year Power Purchase Deal With Maharashtra Discom

NDTV Profit | 18 Oct 2024

Energy and Power

SECTOR | 17 Oct 2024

Leaders from 120 member countries to attend seventh session of ISA assembly

Business Standard

Leaders from 120 member and signatory countries will gather in New Delhi for the Seventh Session of the International Solar Alliance (ISA) Assembly, set to take place from November 3 to 6, 2024, at Bharat Mandapam.The curtain-raiser event, held on Wednesday, with representatives from 60 countries attending the event.Union Minister of New and Renewable Energy and President of the ISA Assembly, Pralhad Joshi, addressed the gathering, saying, "ISA has evolved into a key platform for global solar cooperation, now encompassing 120 Member & Signatory Countries. This growing commitment demonstrates solar energy's significant role in addressing our shared energy access challenges and the adverse effects of climate change."He added, "The progress made by ISA's Member Countries in adopting solar energy is remarkable. Solar energy, available year-round and in abundance in some of our Member Countries, holds the potential to be the game-changer in the theatre of global climate action. Its ..

Energy and Power

SECTOR | 17 Oct 2024

Hi-Tech Pipes launches 5 MW green power project, shares plummet 6%

Business Line

The shares of Hi-Tech Pipes Limited were trading at 186.48, down by 11.90 or 6 per cent on the NSE

Here's why Oriana Power share price rose 6% on October 17; reasons here

Business Standard | 17 Oct 2024 1 more

Energy and Power

SECTOR | 17 Oct 2024

JSW Energy secures 25-year PPA for 192 MW wind-solar hybrid project in Gujarat, stocks rise

Business Line

JSW Energy aims to increase its generation capacity to 20 GW and storage capacity to 40 GWh by 2030, while working towards carbon neutrality by 2050.

IPO-Bound Waaree Energies To Expand Global Reach; Eyes EU, Middle East

NDTV Profit | 17 Oct 2024

Energy and Power

SECTOR | 17 Oct 2024

Sembcorp industries bags 150 MW wind-solar hybrid project by subsidiary

Business Standard

Singapore-based Sembcorp Industries on Thursday said it has secured a 150 MW wind-solar hybrid project through its arm Sembcorp Green Infra Private Ltd. The build-own-operate project is part of a 600 MW bid issued by SECI. Sembcorp Industries (Sembcorp), through its wholly-owned renewables subsidiary Sembcorp Green Infra Private Ltd, has received the Letter of Award (LOA) for a 150MW Inter State Transmission System (ISTS) connected wind-solar hybrid power project (the Project) from Solar Energy Corporation of India Ltd (SECI), according to a company statement. The power generated from this project will be sold to SECI under a long-term power purchase agreement (PPA) lasting 25 years. This is, however, subject to the execution of the PPA and upon completion of the project, the statement said. The Project is expected to be ready for commercial operation within 24 months from the date of signing the PPA and will be funded through a mixture of internal funds and debt. With this award,

Energy and Power

SECTOR | 16 Oct 2024

Here's why Bhageria Industries shares gained 5% on October 16; details

Business Standard

Bhageria Industries shares rose after it announced securing an award from MSEDCL, for Solar power developer (SPD) for Solar Photovoltaic power generating stations