Our competition's global, so we must be global, says Rahul Munjal, MD, Hero Future Energies
"We too want to have a global mindset. Sri was last with Brazilian company Braskem and his role was to make it global. Given the juncture at which HFE is right now, we want to take our Indian company global. We needed somebody who had already done this before," says Munjal.
Coal power use in India may have already peaked three years ago: Report
India wants to reach 175 gigawatts of renewable energy capacity by 20...
Govt invokes special powers that allow renewable companies to sell projects won in auctions along with transmission access
The Union Power Mi...
Inox Wind Q3 results: Net loss widens to 52 crore
The total income rose to Rs 209.44 crore in the quarter ended December 2020 from Rs 179.76 crore a year ago, the company said in a BSE filing.
Moody's upgrades power sector outlook to stable on generation uptick
For the first 10 months of the fiscal 2021, power generation growth declined 2.9 per cent year-on, compared to earlier expectations of a minimum 4-5 per cent decline. But renewable energy generation (excluding hydro power) grew 4.3 per cent during the same period and wind the weakest down 12 per cent.
$43 billion deal for 'world's biggest' offshore wind farm in South Korea
South Korea has few energy resources of its own and relies on imported coal -- a cheap but dirty fuel -- for around 40 percent of its electricity.
Farmer’s son becomes billionaire after early bet on wind power
South Korea's Gim Seong-gon, 67, the son of a farmer, is now one of the wealthiest people in South Korea. The 51% stake in the company he owns with his family is valued at $1.4 billion
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.
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.
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.