Hold back imposition of basic customs duty on solar equipment in Budget, demand developers
According to industry estimates, as much as Rs 1.75 lakh crore investment is required to bid out 35GW of renewable energy capacity in the country. About 50 GW of clean energy is under implementation, while India has already installed over 90GW renewables, including 37GW of solar and 38GW of wind energy.
All-India power demand to grow 7% in FY22: ICRA
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Discoms' outstanding dues to power gencos rise 35% to Rs 1.41 lakh crore in November
In November 2020, the total overdue amount, which was not cleared even after 45 days of grace period offered by generators, stood at Rs 1,29,868 crore as against Rs 93,215 crore in the year-ago period.
2021: India to bank on innovative ways to garner Rs 1.75 lakh cr investment for renewable energy sector
"There is a fund requirement of Rs 1.75 lakh crore to achieve the balance capacity of 35 GW (under bidding/ to be bid out/ auctioned) to achieve an overall target of 175 GW," Director General of Solar Power Developers Association Shekhar Dutt told.
Rajnath Singh inaugurates India's first hypersonic wind tunnel test facility
Singh, who visited the Defence Research and Development Organisation's Dr APJ Abdul Kalam Missile Complex here during his two-day visit to the city, urged the DRDO's scientists to make India a "Super Military Power", thereby making India a Super Power, a defence release said.
Visibility on returns, R&D must for green push
The Economic Times brought together top CEOs and a top policy maker to discuss whether India can become a manufacturing hub in renewable energy. Panelists felt India can achieve its goal if manufacturers have clear visibility on returns on investment and make enough money to invest in R&D.
New trends propel green energy
Offshore wind energy, hydrogen as well as battery technologies are rapidly emerging in this fast-changing industry. All that is needed is nimble-footed response from the policymakers as well as the corporate sector.
Siemens Gamesa fired India exec over lack of due diligence in consultancy dealings
"Significant sums of money were paid to UAP without any diligence whatsoever and without even ascertaining proof of performance," Siemens Gamesa said in the filing, describing UAP as having strong links with "politically exposed" persons.
Despite good monsoon, sharp fall in speeds knocks the wind out of green energy companies
The unprecedented fall in wind speeds has baffled many because a good monsoon season, like this year's, usually brings stronger winds and raises generation of clean energy.
Govt plans tenders for storage to smoothen clean energy supply
"This (intermittent power) is one of the major concerns brought up by grid operators, power companies and utilities. With solar, we have already issued the round-the-clock and the peak power tender," he said at RE Invest Friday. RE Invest is the flagship event organised by MNRE that is taking place on November 27 and November 28. The event was inaugurated by Prime Minister Narendra Modi on Thursday.
Power Minister RK Singh decodes India's renewed vigour in renewable energy
Under the Paris climate agreement, India has pledged to reduce the emissions intensity of its GDP by 33-35% from 2005 levels, and achieve about 40% cumulative electric power generation capacity from non-fossil fuels by 2030. It has set the ambitious target for achieving a total installed RE capacity of 175,000 MW by 2022, with 100,000 MW coming from solar and 60,000 MW from wind.
Hybrid tech, new wave of reforms will help India transition to renewable energy, say experts
The panelists and the government official agreed that a new wave of policies, reforms and regulations, along with the use of hybrid technology will help India adjust to renewable energy’s transition from being a small add-on in electricity supply to being its major and fastest-growing component.
Global wind energy firm Vestas to expand footprint in India
Industry insiders claimed that the company was not taking on new orders because it felt India is not as profitable a market as some others.
Suzlon to focus on India and hopes to be profitable by FY22: Chairman Tulsi Tanti
"The challenge is only in the turbine business. We have to start production facilities. We have an 876 mw of order book and it is increasing. Orders are not a concern of the market or liquidity but of how we can execute and grow it," said Tulsi Tanti, founder CMD of Suzlon Group.