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Energy and Power

SECTOR | 20 Nov 2024

Annual RE installations likely to surpass 35 GW by FY27

Business Line

Overall, the country has installed 18.5 GW of RE capacity in FY24.

Increasing NTPC Green Energy Capacity To 19 GW A Top Priority, Says NTPC Chief

NDTV Profit | 19 Nov 2024

Energy and Power

SECTOR | 20 Nov 2024

PM Modi meets Australian counterpart; launch Renewable Energy Partnership

Business Standard

India and Australia on Tuesday officially launched the Renewable Energy Partnership that aims to boost two-way investment in the renewable energy sectors as Prime Minister Narendra Modi held talks with his Australian counterpart Anthony Albanese. The two leaders held the second India-Australia Annual Summit on the sidelines of the G20 Summit in Rio de Janeiro during which they reiterated their commitment to further advance the Comprehensive Strategic Partnership in myriad areas such as defence and security, trade and investment, education, skills, sports, space, mobility and people-to-people ties. Both leaders welcomed the launch of the Renewable Energy Partnership, as agreed during the first India-Australia Annual Summit. "India and Australia have shared ambition to move faster, work together and deploy our complementary capabilities to drive climate action," according to a joint statement. "The prime ministers welcomed the launch of the India-Australia Renewable Energy Partnershi

India's renewable energy capacity to touch 250 GW mark by March 2026: Icra

Business Standard | 19 Nov 2024

Energy and Power

SECTOR | 19 Nov 2024

Tata Power, Druk Green Partner To Build 5,000 MW Clean Energy Projects In Bhutan

NDTV Profit

The Tata Power-Druk Green partnership aligns with the vision of Bhutan, which aims to increase its overall generation capacity to 25,000 MW by 2040.

Tata Power, Druk Green Power to develop 5,000 MW green energy projects in Bhutan

livemint | 19 Nov 2024 3 more

Energy and Power

SECTOR | 18 Nov 2024

ACME Sun Power secures 3,753 crore loan from REC

Business Line

Loan to be used for development and construction of a 320 MW Firm and Dispatchable Renewable Energy (FDRE) project with renewable energy implementing agency SJVN

Energy and Power

SECTOR | 18 Nov 2024

Adani Green Energy to raise $2 bn via bonds, loans for renewable projects

Business Standard

Adani Green Energy to raise $2 billion via bonds and loans, focusing on renewable projects, including Khavda solar park expansion, while targeting a 50 GW capacity by 2030

Energy and Power

SECTOR | 17 Nov 2024

ACME Sun Power secures Rs 3,753-cr term loan from state-owned REC

Business Standard

ACME Sun Power, a wholly-owned subsidiary of ACME Solar Holdings, has secured a Rs 3,753-crore term loan from state-owned REC Ltd. The loan has been secured for the development and construction of a 320-MW firm and dispatchable renewable energy (FDRE) project in collaboration with SJVN. Wholly-owned subsidiary ACME Sun Power Secures Rs 3,753 crore loan from REC for FDRE projects in Rajasthan and Gujarat, ACME Solar Holdings said in a statement on Sunday. An FDRE plant ensures round-the-clock power supply, assisting power distribution companies (discoms) in fulfilling their renewable purchase obligations and energy storage obligations. The project would be located at high resource potential areas at Jaisalmer, Rajasthan for solar capacity and Bhuj and Jam Khambhaliya, Gujarat for wind sites, the company said. A power purchase agreement has been signed with SJVN and the grid connectivity has also been secured. The land acquisition process is in advanced stages, the company said. Ma

Energy and Power

SECTOR | 16 Nov 2024

Aditya Ultra Steel Reports Rs 5.87 Crore Profit, Announces 5 MW Solar Plant In Gujarat

NDTV Profit

The rolled steel products maker, which sells products under the Kamdhenu brand, listed on NSE SME platform in September following its around Rs 46 crore IPO.

Damodar Valley Corp Signs Power Purchase Agreement With Gujarat Urja Vikas Nigam For 559 MW

NDTV Profit | 16 Nov 2024

Energy and Power

SECTOR | 16 Nov 2024

Govt to set up R&D centre for manufacturing of RE components: Pralhad Joshi

Business Standard

The Ministry of New and Renewable Energy (MNRE), in collaboration with the Ministry of Power, has decided to set up a centre of excellence (CoE) to carry out research and development for indigenous manufacturing of various components required to generate green energy. Union Minister for New and Renewable Energy Pralhad Joshi said at a press conference after addressing the 'Chintan Shivir' organised here to develop strategies for achieving India's ambitious target of 500 gigawatts (GW) of renewable energy capacity in the next 6 years by 2030. The two-day meeting concluded on Friday. More than 200 parts or components (over 50 per cent of total parts) required to develop electrolysers are being imported from other countries, Joshi said. "So, a centre of excellence (CoE) will be established to carry out joint research and development for indigenous manufacturing of such components," he said. Electrolysers, which use electricity to split water into hydrogen and oxygen, are a critical .

Govt mulling task force to push for 500 GW renewable energy capacity target

Business Standard | 15 Nov 2024, 02:41PM 9 more

Energy and Power

SECTOR | 15 Nov 2024

Integrated South Asian power market: First tripartite electricity transaction via Indian grid commences

Business Line

Electric ties: 40 MW of cross-border power to move from Nepal to Bangladesh via the Indian grid

Energy and Power

SECTOR | 15 Nov 2024, 06:45AM

Power companies should coordinate in electricity production: Khattar

Business Standard

Union Minister of Power Manohar Lal Khattar emphasised the need for power companies to coordinate in electricity production and distribution to provide relief to consumers and prevent losses. Addressing the eighth annual Distribution Utility Meet (DUM) conference here, Khattar highlighted that energy would play a critical role in strengthening the economy and achieving India's goal of becoming a developed nation by 2047. "All electricity companies should work together to ensure that consumers aren't overburdened and that companies avoid losses," he said. Khattar also stressed the importance of increasing power generation nationwide and ensuring energy accessibility across all regions. He underlined the need for a greater focus on green and solar energy to reduce carbon emissions, noting that current energy demand is 250 GW and continues to rise. The Union minister suggested states focus on establishing nuclear-based power plants and noted that the government is working toward...