APT Translations

The green hydrogen sector stands as a critical pillar of India's energy transition strategy, necessitating urgent investment and policy support to unlock its potential. India must expedite the development of its green hydrogen economy.

Renewables remain competitive despite fossil fuel prices returning closer to historical cost levels, concludes Renewable Power Generation Costs in 2023, released by the International Renewable Energy Agency (IRENA) at the Global Renewables Summit during the UN General Assembly in New York today.

The opening session of the two day summit will be attended by the "who's who" of the energy sector including Bhupinder Singh Bhalla, Secretary, Ministry of New and Renewable Energy (MNRE); S C L Das, Secretary, Ministry of Micro, Small and Medium Enterprises; Ajay Kumar Sood, Principal Scientific Adviser, Government of India; May-Elin Stener, Ambassador of Norway to India; and Freddy Svane, Ambassador of Denmark to India.

Saeta Yield, a significant player in the renewable energy sector, operates 538 MW of wind assets in Spain, 144 MW in Portugal, and 63 MW of solar PV assets in Spain. The acquisition, however, does not include a regulated portfolio of 350 MW of concentrated solar power assets, which Brookfield will retain.

It is well-known that availability of wind, solar or hybrid sources for RE generation, is based on climatic conditions and therefore cannot be accurately predicted on a daily basis. On the other hand, India’s power supply framework, which operates on a single national grid faces another serious challenge of grid stability.

These goals, aimed at achieving net-zero emissions from the global energy sector by 2050, involve transitioning away from fossil fuels and scaling up low-emission technologies.

​“The company proposes to utilize the net proceeds towards part financing the cost of establishing the 6-GW of ingot wafer, solar cell, and solar PV module manufacturing facility in Odisha, India as well as for general corporate purposes,” it said.

Financial services, including insurance and banking, are attracting significant interest. India has seen a rise in dealmaking activity with nearly $9 billion raised via IPOs this year and $77 billion in deals involving Indian companies.

NTPC Green Energy, a subsidiary of state-owned power giant NTPC, is likely to bring its initial public offering (IPO) to raise Rs 10,000 crore in first week of November, a source said.

Indian solar component producers are seeking trade protections against a surge of imports from countries like China and Vietnam. The Solar Ancillary Manufacturers’ Association has requested the government to impose tariff and non-tariff barriers to support local manufacturers. They argue that these measures will help expand domestic capacity and create a level playing field.