renewable energy

Government would possibly cancel sun park allocations on gradual growth

NEW DELHI : The ministry of latest and renewable power (MNRE) will evaluation the standing of sun parks the place builders have did not make important growth and can even cancel their allocations, two officers acutely aware of the advance mentioned. The evaluation comes at a time a number of sun parks within the nation …

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‘Little rupee have an effect on on renewable cos with $5 bn international debt’

MUMBAI : Hedging methods, more potent underlying credit score profiles and mother or father corporate promises will prohibit the have an effect on of rupee depreciation at the credit score rankings of Indian renewable power firms that experience exceptional offshore bonds to provider, global credit standing company Fitch Rankings stated. Indian renewable firms were one …

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Floating sun tasks would possibly get sops below new coverage

NEW DELHI : The federal government is operating on a coverage on floating solar energy technology, providing upper incentives to corporations prepared to put money into crops requiring an influence technology era this is pricey, two other people within the know stated. The transfer is anticipated to additional spice up India’s renewable power capability, they …

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Lok Sabha passes invoice to mandate use of unpolluted power

NEW DELHI : Lok Sabha on Monday handed the amendments to the Power Conservation Act geared toward putting in provisions to make the usage of blank power obligatory and paves approach for surroundings of carbon markets within the nation The Power Conservation (Modification) Invoice, 2022, seeks to mandate use of non-fossil resources, together with biomass …

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Within the works—PLI scheme for offshore wind generators

NEW DELHI : The Union govt plans to introduce a production-linked incentive (PLI) scheme to advertise the producing of offshore wind generators, two officers conscious about the topic stated. The advance comes when the federal government is chasing a goal to reach 30GW offshore wind power capability by means of 2030. “Talks are underway a …

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PM asks states to transparent dues of energy corporations; launches ₹3tn scheme for sector

NEW DELHI: Top Minister Narendra Modi on Saturday suggested states to transparent their dues to energy technology firms, which quantity to over ₹1 trillion, to lend a hand make certain corporations’ operational viability which in flip would lend a hand them meet the rustic’s power call for. Modi used to be addressing the ‘Ujjwal Bharat …

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ONGC ties up with Greenko to supply inexperienced hydrogen

NEW DELHI : State-run ONGC on Tuesday signed a memorandum of working out with Greenko Crew, to collectively pursue alternatives in renewable power, inexperienced hydrogen, inexperienced ammonia and different derivatives of inexperienced hydrogen. Below the partnership, the firms will collectively broaden a 1-MMTPA inexperienced ammonia manufacturing and garage facility within the nation for export objective, …

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ReNew Energy eyes inexperienced hydrogen initiatives in Africa

NEW DELHI : NASDAQ-listed ReNew Energy Ltd is taking a look to foray into Africa via creating inexperienced hydrogen initiatives in Egypt and Morocco, mentioned two folks within the know. It additionally has plans for Oman. ReNew has introduced a slew of projects to diversify its renewable power industry, together with inexperienced hydrogen and effort …

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Engie eyes partnerships to pressure enlargement in India

NEW DELHI : French renewable power main Engie is in talks with firms for partnerships to pressure its subsequent segment of enlargement in India throughout sun and wind energy initiatives, but even so inexperienced hydrogen, stated Amit Jain, nation supervisor, Engie India Ltd. In an interview, Jain stated talks are within the preliminary phases and …

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