News

Hyundai Motor India to set up 2 renewable energy plants for Rs 38 crore Hyundai Motor India Limited (HMIL) on Thursday announced to set up two renewable energy plants in Tamil Nadu with an investment of Rs 38 crore.  The automaker will establish a 75 megawatt (MW) solar plant and a 43 MW wind power plant in the state with Fourth Partner Energy Limited (FPEL), to cater to the company’s renewable energy requirements. The move is aimed to enhancing HMIL’s renewable energy portfolio and transition to 100 per cent renewable electricity across it...
Hyundai Motor India to set up 2 renewable energy plants for Rs 38 crore
Hyundai Motor India to set up 2 renewable energy plants for Rs 38 crore
Source: IANS
2024-11-21 02:05:58 pm
Lithium-ion battery demand in India to grow to 127 gigawatt hour by FY30 The lithium-ion battery demand in India is set to grow exponentially to 54 gigawatt hour (GWh) by FY27 and 127 GWh by FY30, as the country sets an ambitious target to meet 50 per cent of its primary energy requirement from renewable energy by 2030.  Currently, domestic lithium-ion battery storage demand of 15 GWh is being almost entirely met through imports of lithium-ion cells and batteries. India imports almost its entire requirement of Li-ion batteries. However, CareEdge Ratings...
Lithium-ion battery demand in India to grow to 127 gigawatt hour by FY30
Lithium-ion battery demand in India to grow to 127 gigawatt hour by FY30
Source: IANS
2024-11-16 12:14:44 pm
Centre aims to develop Odisha as a major hub for renewable energy: Union Minister Pralhad Joshi Union Minister of New and Renewable Energy Pralhad Joshi on Friday said that the Centre is planning to develop Odisha as a major hub for renewable energy and explore the scope of green hydrogen production in the state.  The Union Minister spoke thus while addressing the valedictory session of the two-day Chintan Shivir organised by the Ministry of New and Renewable Energy (MNRE) here. “Odisha has immense renewable energy potential, with 140 GW of solar capacity and significan...
Centre aims to develop Odisha as a major hub for renewable energy: Union Minister Pralhad Joshi
Centre aims to develop Odisha as a major hub for renewable energy: Union Minister Pralhad Joshi
Source: IANS
2024-11-16 09:38:32 am
IRENA unveils partnership to accelerate renewable energy deployment in Central Asia The International Renewable Energy Agency (IRENA) on Friday unveiled a new partnership model that can accelerate renewable energy deployment and foster green industrialisation in Central Asia.  The partnership was launched by IRENA at the COP29 Energy Transition Investment Forum for Central Asia. The two-day forum took place at the United Nations Climate Change Conference, also known as COP29, in Baku, Azerbaijan, and is co-hosted by IRENA, the COP29 Presidency, and the Ministry of...
IRENA unveils partnership to accelerate renewable energy deployment in Central Asia
IRENA unveils partnership to accelerate renewable energy deployment in Central Asia
Source: IANS
2024-11-15 04:44:48 pm
India surpasses 200 GW in renewable energy capacity: Centre India has surpassed 200 GW (gigawatt) in renewable energy capacity, accounting for more than 46.3 per cent of the country's total installed capacity, the Centre said on Wednesday.  According to the Central Electricity Authority (CEA), the total renewable energy-based electricity generation capacity now stands at 203.18 GW, as the country aims to achieve 500 GW from non-fossil sources by 2030. Solar power leads the way with 92.12 GW, playing a crucial role in India’s effor...
India surpasses 200 GW in renewable energy capacity: Centre
India surpasses 200 GW in renewable energy capacity: Centre
Source: IANS
2024-11-13 06:15:18 pm
Centre to deliberate on plans to achieve 500 GW green energy target by 2030 The Union Ministry of New and Renewable Energy (MNRE) on Wednesday said it is organising a two-day 'Chintan Shivir' in Bhubaneswar on November 14-15 to focus on strategies to achieve the target of 500 GW by 2030, and progress toward the next goal of 1800 GW by 2047.  Union Minister of New and Renewable Energy, Pralhad Joshi, will inaugurate the event at ITC Bhubaneswar. State Chief Minister Mohan Charan Majhi, Union Minister of State for New and Renewable Energy Shripad Yesso ...
Centre to deliberate on plans to achieve 500 GW green energy target by 2030
Centre to deliberate on plans to achieve 500 GW green energy target by 2030
Source: IANS
2024-11-13 12:18:50 pm
ACME Solar Holdings lists with 10% discount on the BSE ACME Solar Holdings has debuted at Rs 259.00 on the BSE, down by 30 points or 10.38% from its issue price of Rs 289.00.  The scrip is currently trading at Rs 263.00, down by 26 points or 9% from its issue price.  It has touched a high and low of Rs 279.00 and Rs 255.00 respectively. So far 8.88 lakh shares were traded on the counter. The offering, which was open for subscription between November 6, 2024 and November 8, 2024 was subscribed 2.75 times. The issue price was fix...
ACME Solar Holdings lists with 10% discount on the BSE
ACME Solar Holdings lists with 10% discount on the BSE
Source: Accord Fintech
2024-11-13 11:44:07 am
India asks states to consider setting up nuclear power plants, list power utilities India's federal power minister on Tuesday asked the states that are away from coal resources to consider setting up nuclear-based power plants, besides identifying and listing of the power utilities to meet investments to support growing power demand. The Indian government in its federal budget this year had proposed to partner with private players to develop small nuclear reactors to increase the amount of electricity from sources that do not produce carbon dioxide emissions. State...
India asks states to consider setting up nuclear power plants, list power utilities
India asks states to consider setting up nuclear power plants, list power utilities
Source: Reuters
2024-11-13 09:22:26 am
Truly insightful: Gautam Adani hosts envoys from EU, Belgium, Denmark and Germany  Gautam Adani, Chairman of the Adani Group, on Tuesday, said it was a privilege to host the ambassadors from the European Union (EU), Belgium, Denmark, and Germany, who visited the world’s largest renewable energy (RE) park in Khavda, Gujarat, and the country's largest port hub in Mundra.  Gautam Adani said the discussions with the envoys focused on strengthening global partnerships to drive India’s energy transition and accelerate the hydrogen ecosystem. "...
Truly insightful: Gautam Adani hosts envoys from EU, Belgium, Denmark and Germany
Truly insightful: Gautam Adani hosts envoys from EU, Belgium, Denmark and Germany
Source: IANS
2024-11-12 05:09:39 pm
RMC Switchgears touches roof on inking MoU with Government of Rajasthan RMC Switchgears is currently trading at upper limit of Rs. 807.55, up by 38.45 points or 5.00% from its previous closing of Rs. 769.10 on the BSE. The scrip opened at Rs. 807.55 and has touched a high and low of Rs. 807.55 and Rs. 807.55 respectively. So far 7375 shares were traded on the counter. The BSE group 'M' stock of face value Rs. 10 has touched a 52 week high of Rs. 1033.95 on 23-Aug-2024 and a 52 week low of Rs. 379.05 on 27-Mar-2024. Last one week high and low of t...
RMC Switchgears touches roof on inking MoU with Government of Rajasthan
RMC Switchgears touches roof on inking MoU with Government of Rajasthan
Source: Accord Fintech
2024-11-12 12:01:12 pm
Tata Power to supply wind, solar energy to run Noida airport Tata Power announced on Thursday that it has signed an agreement with Noida International Airport (NIA) which will entail a total investment of Rs 550 crore in solar and wind power supply, as well as the development of essential dry utilities and smart energy infrastructure at the airport.  Under this arrangement, Tata Power Trading Company Ltd. will supply 10.8 MW of wind power to NIA, with secured assets from Tata Power Renewable Energy Ltd. (TPREL). In addition, TPREL will develop,...
Tata Power to supply wind, solar energy to run Noida airport
Tata Power to supply wind, solar energy to run Noida airport
Source: IANS
2024-11-07 06:17:22 pm
Centre completes auction of 8 critical mineral blocks in big step to bolster self-reliance The Ministry of Mines has successfully concluded the auction of 8 critical mineral blocks, launched under Tranche IV of the Auction of Critical and Strategic Mineral Blocks as part of India’s strategy to secure a steady supply of these minerals vital for sectors including electronics, defence, and renewable energy.  "These blocks contain deposits of strategic minerals such as phosphorite, graphite, and vanadium, essential for high-tech and green energy applications. The auc...
Centre completes auction of 8 critical mineral blocks in big step to bolster self-reliance
Centre completes auction of 8 critical mineral blocks in big step to bolster self-reliance
Source: IANS
2024-11-07 03:21:25 pm
India reaches 90 GW of installed solar capacity, moving towards 500 GW goal: Pralhad Joshi India has reached an impressive 90 GW of installed solar capacity and is moving steadily forward towards its broader goal of 500 GW of renewable energy capacity by 2030, Union Minister of New and Renewable Energy, Pralhad Joshi, said on Monday.  Addressing the 7th General Assembly of the International Solar Alliance (ISA) here, the minister said India is also setting its sights on new horizons, with a target to produce 5 million metric tonnes of green hydrogen by 2030, supported by 12...
India reaches 90 GW of installed solar capacity, moving towards 500 GW goal: Pralhad Joshi
India reaches 90 GW of installed solar capacity, moving towards 500 GW goal: Pralhad Joshi
Source: IANS
2024-11-05 09:12:16 am
India's growth in renewable energy is quite phenomenal: Shishir Priyadarshi Shishir Priyadarshi, President of Chintan Research Foundation on Tuesday said that India's growth in renewable energy is quite phenomenal.  Talking to IANS, Shishir Priyadarshi said, "India had phenomenal growth as far as renewable energy is concerned. I will give you just two statistics. In 2013, our total power generation was about 220 to 230 gigawatts (GW), out of which renewable energy was about 30 GW." "That means the share of renewables in that was about 12...
India's growth in renewable energy is quite phenomenal: Shishir Priyadarshi
India's growth in renewable energy is quite phenomenal: Shishir Priyadarshi
Source: IANS
2024-10-22 05:23:58 pm
India`s renewable energy to grow at twice pace than overall energy growth by 2030: CRISIL CRISIL in its latest report has said that India’s renewable energy capacity is likely to grow at twice the rate of the country’s overall energy capacity growth. The report noted that by fiscal 2030, India’s renewable energy (RE) capacity, excluding large hydro projects, is projected to reach 360-370 GW, growing at a compound annual growth rate (CAGR) of 16.5 per cent-17 per cent. This growth will be driven by favourable government policies, competitive tariffs, and the devel...
India`s renewable energy to grow at twice pace than overall energy growth by 2030: CRISIL
India`s renewable energy to grow at twice pace than overall energy growth by 2030: CRISIL
Source: Accord Fintech
2024-10-17 10:12:56 am
India surpasses 200 GW-mark in renewable energy production Led by solar and wind energy, India has crossed the 200 gigawatt (GW)-mark in renewable energy (RE) production in the month of September.  As per latest data from the Central Electricity Authority (CEA), the renewable energy-based electricity generation capacity (including small and large hydro, biomass and co-generation and waste-to-energy) crossed the 200 GW-mark in September. The total RE production reached 201,457.91 MW, driven by solar at 90,762 MW and wind energy production a...
India surpasses 200 GW-mark in renewable energy production
India surpasses 200 GW-mark in renewable energy production
Source: IANS
2024-10-14 10:25:23 am
India`s Hindustan Zinc aims to switch to renewable energy in five-seven years, chairperson says  Indian miner Hindustan Zinc plans to transition to renewable energy to power its operations in the next five to seven years, Chairperson Priya Agarwal told Reuters on Tuesday. "We still have a lot of captive thermal (power). It's not going to shut down tomorrow. It's going to go on for some time, but we're very committed to ensure that the transition happens successfully over time," Agarwal said at the FT Energy Transition Summit India in New Delhi. More than...
India`s Hindustan Zinc aims to switch to renewable energy in five-seven years, chairperson says
India`s Hindustan Zinc aims to switch to renewable energy in five-seven years, chairperson says
Source: Reuters
2024-10-08 06:07:27 pm
Power generation via renewable energy up 86 pc in India since 2014: Pralhad Joshi  India saw an impressive 86 per cent increase in power generation via renewable energy since 2014, from 193.5 billion units (BU) to 360 BU, Union Minister of New and Renewable Energy, Pralhad Joshi, said on Monday.   Delivering the keynote address at the 'Hamburg Sustainability Conference' in Germany, the minister said India stands as a global voice of reason in its commitment to the pursuit of a sustainable energy future that aligns with our growth ambitions and environm...
Power generation via renewable energy up 86 pc in India since 2014: Pralhad Joshi
Power generation via renewable energy up 86 pc in India since 2014: Pralhad Joshi
Source: IANS
2024-10-08 09:09:19 am
Pralhad Joshi to visit Germany to bolster India`s role in renewable energy sector  To boost India’s position in the field of sustainable development and renewable energy, Union Minister of New and Renewable Energy, Pralhad Joshi, will embark on a three-day tour to Germany from October 6, the government said on Saturday.  The minister is set to attend the ‘Hamburg Sustainability Conference’ from October 7-8, and will hold a series of bilateral meetings to boost cooperation in sustainable development, Green Hydrogen, low-cost finance and renewa...
Pralhad Joshi to visit Germany to bolster India`s role in renewable energy sector
Pralhad Joshi to visit Germany to bolster India`s role in renewable energy sector
Source: IANS
2024-10-05 06:23:56 pm
India`s renewable energy sector generated over 10 lakh jobs in 2023 Employment in the Indian renewable energy sector reached an estimated 1.02 million (10.02 lakh) in 2023, highlighting the country’s growing leadership in clean energy and its focus on creating green jobs that drive economic growth, the government said on Friday.   Hydropower was the largest employer in the renewable sector in India, providing around 453,000 jobs, and accounting for 20 per cent of the global total, second only to China. The solar PV sector in the country emplo...
India`s renewable energy sector generated over 10 lakh jobs in 2023
India`s renewable energy sector generated over 10 lakh jobs in 2023
Source: IANS
2024-10-04 01:51:58 pm
Renewable energy share in India`s power generation to reach 35 pc by FY30 The share of renewable energy, including hydro, in the country’s power generation is projected to rise to 35 per cent by FY30, up from 21 per cent in FY24, a report showed on Friday.  According to ratings agency ICRA, achieving the renewable purchase obligation (RPO) target of 43.3 per cent by FY30 will require more than doubling the current renewable energy capacity of 200 GW to meet future demand. This will involve significant investments in energy storage and grid integrat...
Renewable energy share in India`s power generation to reach 35 pc by FY30
Renewable energy share in India`s power generation to reach 35 pc by FY30
Source: IANS
2024-09-20 05:21:28 pm
World problems can`t be solved without India`s involvement: German Minister Germany's Development Minister Svenja Schulze, who is on a three-day visit to Gujarat to represent her country at the 4th Global Renewable Energy Investor's (RE-INVEST) meet here, has said that the problems of the world cannot be solved without India's involvement. In an exclusive conversation with IANS on Monday, Schulze, who is leading a delegation of around 20 representatives, emphasised the growing importance of India's involvement in solving global challenges and the p...
World problems can`t be solved without India`s involvement: German Minister
World problems can`t be solved without India`s involvement: German Minister
Source: IANS
2024-09-17 09:19:13 am
Jindal Steel doubles down on green hydrogen production in India Jindal Steel and Power Ltd and Jindal Renewables on Monday announced a collaboration to implement India’s biggest investment in green hydrogen by a domestic steelmaker.  The companies signed an MoU towards decarbonisation and green energy leadership in the country’s steel industry. It outlines Jindal Steel’s plan to integrate green hydrogen into its direct reduced iron (DRI) units in Angul, Odisha. In the first phase, Jindal Renewables will develop a green hydroge...
Jindal Steel doubles down on green hydrogen production in India
Jindal Steel doubles down on green hydrogen production in India
Source: IANS
2024-09-16 10:45:15 am
India`s renewable energy journey to serve as model for other emerging economies  As the world's largest democracy and a rapidly developing nation, India's renewable energy journey will serve as a model for other emerging economies navigating the path to sustainability, Pralhad Joshi, Union Minister of New and Renewable Energy, has said.  The country aims to achieve net-zero carbon emissions by 2070, focusing on renewable energy expansion, and plans to reach 500 GW of non-fossil fuel energy capacity by 2030. According to the minister, the country&r...
India`s renewable energy journey to serve as model for other emerging economies
India`s renewable energy journey to serve as model for other emerging economies
Source: IANS
2024-09-15 01:43:39 pm
Wheels India inches up on getting nod to acquire upto 45.06% stake in O2 Renewable Energy Wheels India is currently trading at Rs. 843.00, up by 4.10 points or 0.49% from its previous closing of Rs. 838.90 on the BSE. The scrip opened at Rs. 842.80 and has touched a high and low of Rs. 843.00 and Rs. 842.80 respectively. So far 2595 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 914.55 on 08-Jul-2024 and a 52 week low of Rs. 548.50 on 13-May-2024. Last one week high and low of the scrip stood at Rs...
Wheels India inches up on getting nod to acquire upto 45.06% stake in O2 Renewable Energy
Wheels India inches up on getting nod to acquire upto 45.06% stake in O2 Renewable Energy
Source: Accord Fintech
2024-08-27 09:38:56 am
India only G20 nation to meet Paris Climate Accord target before time: PM Narendra Modi  India is the only G20 country to have ensured that the pledge towards creating a green planet made at the Paris Climate Change Summit in 2015 was fulfilled even before the deadline, Prime Minister Narendra Modi said on Thursday.   PM Modi referred to the legally binding international treaty on climate change adopted by 196 organisations and nations at the United Nations summit. “India is the only nation that has achieved its climate target. Today, I can assure the na...
India only G20 nation to meet Paris Climate Accord target before time: PM Narendra Modi
India only G20 nation to meet Paris Climate Accord target before time: PM Narendra Modi
Source: IANS
2024-08-15 11:12:15 am
India will increase its renewable energy storage capacity to 6GW by FY28 India’s renewable energy (RE) storage capacity is expected to surge 6GW by fiscal 2028 from less than 1GW operational as of March 2024.  This surge is driven by a robust pipeline of projects under implementation and expected healthy pace of auctions, a report said on Wednesday. According to the Crisil Ratings, "Storage is becoming crucial with the rising share of RE — both solar and wind — in the overall power generation mix. This is because RE generation by ...
India will increase its renewable energy storage capacity to 6GW by FY28
India will increase its renewable energy storage capacity to 6GW by FY28
Source: IANS
2024-08-14 02:16:21 pm
RE capacity addition to pull down share of thermal plants in power generation by FY26: CRISIL CRISIL Ratings in its latest report has said that strong addition of renewable energy (RE) capacities will pull down the share of coal-based (thermal) plants in power generation by over 500 basis points (bps) to around 67% by next fiscal (FY26) after rising continuously in the past five through fiscal 2024. It said yet the plant load factor (PLF) of thermal plants will remain healthy because of limited capacity addition. According to the report, healthy PLFs and moderating cost pressures d...
RE capacity addition to pull down share of thermal plants in power generation by FY26: CRISIL
RE capacity addition to pull down share of thermal plants in power generation by FY26: CRISIL
Source: Accord Fintech
2024-08-13 12:40:50 pm
Emkay Global gives Adani Green Energy 'buy' rating, target price of Rs 2,550 per share Adani Green Energy Ltd (AGEL) has shown remarkable growth with its operational renewable energy (RE) capacity expanding at a 41 per cent CAGR over the past five years, brokerage firm Emkay Global said on Monday, initiating coverage on the company with a 'buy' recommendation and a target price of Rs 2,550 per share -- over 50 per cent upside from current levels.  The Adani Group firm is expected to achieve a robust growth trajectory, supported by its strategic asset base and si...
Emkay Global gives Adani Green Energy 'buy' rating, target price of Rs 2,550 per share
Emkay Global gives Adani Green Energy 'buy' rating, target price of Rs 2,550 per share
Source: IANS
2024-08-12 01:39:23 pm
Adani Green begins wind generation from Khavda renewable energy plant  Adani Green Energy Limited (AGEL) on Wednesday said it has operationalised the first 250 MW wind capacity at the world’s largest 30,000 MW (30 GW) renewable energy plant at Khavda, Gujarat.  With this milestone, 2,250 MW of cumulative capacity has been made operational at the Khavda plant, strengthening AGEL’s leadership in India with the largest operational portfolio of 11,184 MW. “Khavda has one of the best wind resources in India, with speeds of 8 metres ...
Adani Green begins wind generation from Khavda renewable energy plant
Adani Green begins wind generation from Khavda renewable energy plant
Source: IANS
2024-07-24 02:12:19 pm
Critical mineral roadshow, exploration hackathon to kick off in Hyderabad tomorrow Ministry of Mines will host the Mineral Exploration Hackathon and Critical Mineral Roadshow at Begumpet in Hyderabad on Saturday (July 20).  The initiative aims to enhance mineral prognostication using globally practised state-of-the-art techniques. Participants will delve into the interpretation and modelling of geophysical data, integration of multiple data sets, and the application of emerging technologies such as artificial intelligence (AI) and machine learning (ML), the Ministry...
Critical mineral roadshow, exploration hackathon to kick off in Hyderabad tomorrow
Critical mineral roadshow, exploration hackathon to kick off in Hyderabad tomorrow
Source: IANS
2024-07-19 04:39:34 pm
India records 15 pc jump in electricity generation for May amid scorching heat wave India’s electricity production went up by a robust 15.06 per cent to 167.55 billion units in May this year compared to 145.61 billion in the same month last year, as demand surged amid the scorching heat wave, according to the monthly report of Central Electricity Authority. Thermal power, generated mainly from coal-and gas-based plants, contributed 127.87 billion units which represented a 14.67 per cent increase over the same month last year. The demand for electricity peaked at ...
India records 15 pc jump in electricity generation for May amid scorching heat wave
India records 15 pc jump in electricity generation for May amid scorching heat wave
Source: IANS
2024-07-06 02:07:37 pm
Our tech, R&D can help India1`s green supply chain grow multifold: Australian envoy The green energy sector in India has taken off well under Prime Minister Narendra Modi’s government and Australian companies, with their top-notch technologies and research and development (R&D) expertise, can seamlessly fit into the Indian green supply chain and help it grow at scale, Australia’s High Commissioner to India, Philip Green OAM, said on Monday. Speaking to IANS on the sidelines of the ‘India Energy Storage Week (IESW) 2024’ event in the national ca...
Our tech, R&D can help India1`s green supply chain grow multifold: Australian envoy
Our tech, R&D can help India1`s green supply chain grow multifold: Australian envoy
Source: IANS
2024-07-01 03:45:20 pm
WB approves $1.5 bn more to aid India`s low-carbon emission reforms The World Bank on Saturday approved $1.5 billion in financing for a second operation to help India — which is the fastest-growing large economy in the world — accelerate the development of low-carbon energy.  The second ‘Low-Carbon Energy Programmatic Development Policy Operation’ will support reforms to boost the production of green hydrogen and electrolysers, critical technology needed for green hydrogen production. This operation is aligned with the gover...
WB approves $1.5 bn more to aid India`s low-carbon emission reforms
WB approves $1.5 bn more to aid India`s low-carbon emission reforms
Source: IANS
2024-06-29 11:29:59 am
Renewables, roads, realty sectors to see 38 pc growth to reach Rs 15 lakh crore in 2 years Riding on supportive policy interventions, investment in India’s key infrastructure sectors — renewable energy and roads – and real estate are likely to grow 38 per cent in the fiscals 2025 and 2026, compared with the previous two fiscals, to Rs 15 lakh crore, a report showed on Tuesday.  The surge, according to CRISIL Ratings, will ride on India’s need for creation of sustainable infrastructure by adding more green power to the energy mix, improving physical c...
Renewables, roads, realty sectors to see 38 pc growth to reach Rs 15 lakh crore in 2 years
Renewables, roads, realty sectors to see 38 pc growth to reach Rs 15 lakh crore in 2 years
Source: IANS
2024-06-18 02:03:47 pm
Collective action required to achieve renewable energy targets: MoS Shripad Yesso Naik Collective action is required to achieve renewable energy targets, making India a leader in wind energy and creating a greener, brighter future for all, Minister of State of New and Renewable Energy and Power, Shripad Yesso Naik, said.  Speaking on the ‘Global Wind Day’, MoS Naik congratulated Gujarat, Karnataka and Tamil Nadu for achieving the highest wind capacity addition in the country during FY 2023-24. Bhupinder Singh Bhalla, Secretary, MNRE, said that combining s...
Collective action required to achieve renewable energy targets: MoS Shripad Yesso Naik
Collective action required to achieve renewable energy targets: MoS Shripad Yesso Naik
Source: IANS
2024-06-16 11:59:29 am
India`s power sector meets record maximum power demand of 250 GW Reflecting the growing industrial and residential power consumption coupled with weather-related loads, India's power sector has met a record maximum power demand of 250 GW on May 30, 2024. Moreover, all India non-solar demand met has also touched an all time high of 234.3 GW on May 29. Northern region also achieved a record demand met on May 30, reaching an all-time high of 86.7 GW, while the Western region also touched its maximum demand met of 74.8 GW. According to the Ministry of P...
India`s power sector meets record maximum power demand of 250 GW
India`s power sector meets record maximum power demand of 250 GW
Source: Accord Fintech
2024-05-31 02:21:10 pm
India Ratings upgrades Adani Green Energy to IND AA-, outlook stable amid robust growth India Ratings and Research (Ind-Ra) on Thursday upgraded Adani Green Energy Limited’s (AGEL) long-term issuer rating to 'IND AA-’ from ‘IND A+’, saying the company’s outlook is stable.  Among the key rating drivers are AGEL being the largest renewable developer in India with sound operating parameters of operational assets and healthy free cash flow to equity, along with promoter infusion covering equity commitments. The upgrade factors in the cont...
India Ratings upgrades Adani Green Energy to IND AA-, outlook stable amid robust growth
India Ratings upgrades Adani Green Energy to IND AA-, outlook stable amid robust growth
Source: IANS
2024-05-30 02:12:19 pm
Taylormade Renewables soars on introducing `TRL-Paneer Plus Plant` Taylormade Renewables is currently trading at Rs. 546.05, up by 10.40 points or 1.94% from its previous closing of Rs. 535.65 on the BSE. The scrip opened at Rs. 534.00 and has touched a high and low of Rs. 555.00 and Rs. 533.00 respectively. So far 15200 shares were traded on the counter. The BSE group 'M' stock of face value Rs. 10 has touched a 52 week high of Rs. 855.75 on 28-Nov-2023 and a 52 week low of Rs. 281.00 on 09-Jun-2023. Last one week high and low of the scrip ...
Taylormade Renewables soars on introducing `TRL-Paneer Plus Plant`
Taylormade Renewables soars on introducing `TRL-Paneer Plus Plant`
Source: Accord Fintech
2024-05-24 03:48:26 pm
Indian Energy Exchange gains on reporting 14% rise in overall volume in April 2024 Indian Energy Exchange is currently trading at Rs. 157.60, up by 1.50 points or 0.96% from its previous closing of Rs. 156.10 on the BSE. The scrip opened at Rs. 158.05 and has touched a high and low of Rs. 160.40 and Rs. 154.65 respectively. So far 686120 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 173.30 on 01-Jan-2024 and a 52 week low of Rs. 116.05 on 09-Jun-2023. Last one week high and low of the scrip ...
Indian Energy Exchange gains on reporting 14% rise in overall volume in April 2024
Indian Energy Exchange gains on reporting 14% rise in overall volume in April 2024
Source: Accord Fintech
2024-05-03 02:32:56 pm
Adani Green secures $400 million from international banks for 750 MW solar projects Adani Green Energy Ltd (AGEL) on Thursday secured $400 million from a consortium of five leading international banks for its under-construction 750 MW solar projects in Rajasthan and Gujarat. The financing will aid 750 MW of solar generation capacity in Rajasthan and Gujarat that are expected to be operational from November onwards, said AGEL, India’s largest renewable energy (RE) company. One of the projects is being developed in Rajasthan with 500 MW capacity and has a long-term...
Adani Green secures $400 million from international banks for 750 MW solar projects
Adani Green secures $400 million from international banks for 750 MW solar projects
Source: IANS
2024-05-03 11:39:59 am
Decline in battery costs boosting green energy projects: ICRA The sharp decline in battery costs is expected to boost the share of generation from the renewable energy (RE) capacity, including large hydro, to 40 per cent of the all-India electricity generation by FY2030 from less than 25 per cent currently, driven by the large capacity addition under way, credit rating agency ICRA said on Thursday. Battery prices reached an all-time low in 2023 led by the moderation in raw material prices amid the increase in production across the value chain, the ag...
Decline in battery costs boosting green energy projects: ICRA
Decline in battery costs boosting green energy projects: ICRA
Source: IANS
2024-05-02 12:30:49 pm
India highlights PM-KUSUM solar scheme for farmers at World Energy Congress  India's Power Secretary Pankaj Agarwal highlighted the steps that the Narendra Modi government was taking to promote solar power in the country to help convergence towards the COP28 renewable energy and energy efficiency commitments at the ongoing 26th edition of World Energy Congress. At a Ministerial Round Table Conference on Wednesday, he said the government's initiatives like the PM-KUSUM Scheme and solar rooftop programmes were promoting environmental sustainability and ...
India highlights PM-KUSUM solar scheme for farmers at World Energy Congress
India highlights PM-KUSUM solar scheme for farmers at World Energy Congress
Source: IANS
2024-04-25 01:51:47 pm
Hyundai Motor signs 174-MW renewable energy deal for EV plant in US Hyundai Motor Group said on Monday it has signed a 174-megawatt power purchase agreement (PPA) with a solar energy project led by Spain's Matrix Renewables to power its envisioned electric vehicle (EV) plant in the United States with renewable energy. The 15-year PPA with the Matrix Renewables-led Stillhouse Solar Project from 2025 to 2040 will be used to operate Hyundai Motor Group Metaplant America, the South Korean auto giant's first dedicated EV mass production plant in the Nor...
Hyundai Motor signs 174-MW renewable energy deal for EV plant in US
Hyundai Motor signs 174-MW renewable energy deal for EV plant in US
Source: IANS
2024-04-22 09:45:53 am
Apple, CleanMax join hands to boost renewable energy adoption in India  Renewable energy company CleanMax on Wednesday said that it has partnered with Apple to accelerate renewable energy adoption in India. As part of the collaboration, CleanMax has successfully installed 14.4 megawatts of rooftop solar installations across six industrial sites in the country. These installations are expected to reduce approximately 207,000 tonnes of carbon dioxide (CO2) emissions over their entire operational life. "Our mission is to be a sustainability partn...
Apple, CleanMax join hands to boost renewable energy adoption in India
Apple, CleanMax join hands to boost renewable energy adoption in India
Source: IANS
2024-04-18 10:02:53 am
Ankur Kumar appointed CEO of Essar Power`s renewable division Essar Power Limited, India’s first private sector independent power producer, on Thursday announced the appointment of Ankur Kumar as the Chief Executive Officer of its renewable business division. Kumar will play a key role in advancing Essar's commitment to transitioning into green energy and establishing a robust renewable ecosystem in India. With over 24 years of experience in renewable energy and public infrastructure sectors, Kumar brings a wealth of knowledge and expert...
Ankur Kumar appointed CEO of Essar Power`s renewable division
Ankur Kumar appointed CEO of Essar Power`s renewable division
Source: IANS
2024-04-11 04:54:38 pm
NTPC aims to add 3 GW of renewable energy capacity Public sector power giant NTPC Ltd has set a target to add 5GW of installed capacity to meet the growing power demand in the country, the company said on Monday. NTPC aims to add 3GW of renewable energy (RE) capacity, reflecting its commitment to providing clean, reliable, and affordable energy solutions and another 2GW to its thermal energy capacity, strengthening India's energy infrastructure, according to a company statement. In FY24, NTPC successfully added 3,924 MW of new capac...
NTPC aims to add 3 GW of renewable energy capacity
NTPC aims to add 3 GW of renewable energy capacity
Source: IANS
2024-04-08 12:19:25 pm
NTPC gains on logging highest-ever power generation of 422 BU in FY24 NTPC is currently trading at Rs. 343.05, up by 0.80 points or 0.23% from its previous closing of Rs. 342.25 on the BSE. The scrip opened at Rs. 343.00 and has touched a high and low of Rs. 345.80 and Rs. 340.75 respectively. So far 166925 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 360.35 on 06-Mar-2024 and a 52 week low of Rs. 166.65 on 20-Apr-2023. Last one week high and low of the scrip stood at Rs. 345....
NTPC gains on logging highest-ever power generation of 422 BU in FY24
NTPC gains on logging highest-ever power generation of 422 BU in FY24
Source: Accord Fintech
2024-04-02 03:19:44 pm