Fossil fuels will continue to lead energy mix amid slow EV growth and clean energy challenges: McKinsey
23/09/2024Renewable Energy Translations
Global energy demand is projected to grow significantly, increasing by as much as 18 per cent by 2050, with emerging economies playing a key role in driving this growth.
Solar91 Cleantech files draft papers to raise Rs 100 cr via SME IPO
23/09/2024Renewable Energy Translations
The company provides turnkey engineering, procurement, and construction (EPC) services to commercial and industrial customers across India. It has worked in 13 states having commissioned close to 80 megawatt (MW) in distributed solar projects.
CEA clears 2 PSPs worth 2,500 MW, targets 25,500 MW capacity concurrence by 2025
23/09/2024Renewable Energy Translations
The projects were concurred with the support of the Central Water Commission (CWC), Geological Survey of India (GSI), and Central Soil and Materials Research Station (CSMRS). CEA approved the projects within 10 days of the completion of the developers' Detailed Project Reports (DPRs), submitted…
India signs clean and fair economy agreements under IPEF, eyes ₹1.91 lakh crore in green investments
23/09/2024Renewable Energy Translations
The agreement also facilitates project financing and joint collaborative projects, specifically targeting MSMEs and helping Indian companies integrate further into global value chains. These efforts include initiatives like the IPEF Catalytic Capital Fund and the IPEF Accelerator, designed to…
Kerala’s green hydrogen valley project to be set up with Rs 18,542 cr investment
23/09/2024Renewable Energy Translations
The project is estimated to require Rs 731 crore funding from the government – Rs 45 crore to support techno-commercial assessments, Rs 351 crore for transmission infrastructure, Rs 264 crore for pipeline and refueling infrastructure, and Rs 70 crore for offtake infrastructure.
SECI plans IPO within two years, targets 10 GW capacity by 2030: CMD
22/09/2024Renewable Energy Translations
Speaking to the media, Gupta said that SECI is aiming to achieve 10 GW of cumulative renewable energy capacity by 2030. The company currently has 122.7 MW of installed capacity.
Quad Summit, bilateral with Biden, diaspora event, 'Summit of the Future' on PM Modi's US visit agenda
21/09/2024Renewable Energy Translations
The Sixth Quad summit brings together India, Australia, Japan, and the United States, with a commitment to work as a force for global good and to support an open, free, and inclusive Indo-Pacific that is prosperous and resilient.
Polysilicon prices forecast to rise on Chinese production cuts
21/09/2024Renewable Energy Translations
The declines in production are being abetted by seasonal factors including a week-long public holiday in early October and drier weather reducing hydropower output and pushing up power costs, the China Silicon Industry Association said in a statement on Wednesday.
At UN summit, India calls for global shift to sustainable living
21/09/2024Renewable Energy Translations
India has highlighted the importance of adopting sustainable lifestyles to tackle climate change at the UN Summit of the Future. Emphasizing affordable solutions, India pointed out that actions like saving energy and reducing waste could significantly cut global emissions by 2030. The country also…
India’s renewable energy share to reach 35% by FY2030, EV sector to attract ₹25,000 crore investment: Icra
20/09/2024Renewable Energy Translations
India’s transition to green mobility and renewable energy presents both opportunities and risks. The renewable energy sector is expected to witness significant growth, but investments in energy storage and infrastructure remain vital to sustaining this growth.