Day: December 18, 2024
Renewable energy projects facing up to 12-month delay in signing of PPAs
India’s renewable energy sector is grappling with sizable delays in signing of power purchase agreements (PPAs) with 80-90 GW projects under pipeline and about 40-45 GW facing delays, according to industry experts.
Domestic solar cells capacity to be over 47 GW by June 2026: CRISIL
High prices can push up the capital cost for solar developers and, in turn, tariffs
Increased govt support measures can help achieve India’s 2030 clean energy goals, unlock co-benefits
The central government has set ambitious goals to ramp up a range of clean technologies by 2030 as part of its strategy to increase energy independence, energy security, and energy access while promoting industrial development and reducing air pollution and greenhouse gas emissions.
India set for 12-fold increase in energy storage capacity to 60 GW by FY32: SBI Report
This will surpass the growth anticipated for renewable energy sources themselves. The country's energy storage landscape is evolving rapidly, with the proportion of RE projects incorporating storage solutions increasing significantly, from 5 per cent in FY20 to 23 per cent in FY24.
BCL Industries invests Rs 150 crore to set up bio-energy plant in West Bengal
Renewable energy player BCL Industries on Wednesday said it is setting up a bio-energy plant in West Bengal with an investment of Rs 150 crore. The company has also received an environment clearance for its 75 KLPD (kilo litres per day) plant coming up in Kharagpur, it said.
Sembcorp bags 150 MW solar project with 300 MWh energy storage
The build-own-operate Project is part of a bid for 2GW Inter-state Transmission System (ISTS)-connected solar power projects with 4GWh of BESS, issued by SECI, a company statement said.
Gensol Engineering secures 22 MW solar project in Punjab
It has secured the first large turnkey solar project from a leading steel product company in Punjab for the development of a 22 MW ground-mounted solar PV power plant, the company said.
Inox Wind bags 60 MW equipment supply order from Serentica Renewables
Inox Wind secured a 60 MW wind turbine supply order from Serentica Renewables for a hybrid energy project in Karnataka. The 3 MW turbines will be delivered within the first half of 2025 and Inox Wind will also provide long-term maintenance. The generated power will be supplied to Serentica's…
India can emerge a reliable global supplier of energy goods: Jitin Prasada
Addressing a CII conference on energy here, the Minister of State for Commerce & Industry and IT & Electronics said the three Cs of Covid, conflict and climate change have challenged prevalent trade routes and policy frameworks, exposing vulnerabilities in supply chains, especially of green…
Renewable energy & data centres outpace traditional infrastructure sector in investment outlook: UBS Report
Renewable energy and data centres are emerging as the strongest investment opportunities in the infrastructure sector, while traditional sectors such as utilities, transportation, and waste management rank lower in investor sentiments, according to a recent report by UBS.