India's Solar Energy to invest $2.2 billion in renewables by 2030, mulls IPO
Large power producers in India have been investing heavily in renewables and committing to expand green energy capacities, in tandem with the government's aim to add at least 500 GW of clean energy by 2030 to reduce carbon emissions.
Cantor initiates 'Overweight' rating on AESL in expanding energy markets
AESL has a diversified portfolio that includes transmission assets, distribution assets, and a smart metering business, with an enterprise value of USD 18.5 billion.
CESC arm signs pact to set up 686.85 MW wind project
CESC's subsidiary, Purvah Green Power Private Ltd, has signed an agreement with Ecoren Energy India to establish a wind power project of up to 686.85 MW. The project is expected to be completed within three years, pending necessary approvals. CESC specializes in the generation, transmission, and…
IRENA and Azerbaijan COP29 Presidency to Hold Energy Transition Investment Forum in Baku
The International Renewable Energy Agency (IRENA), COP29 Presidency and Ministry of Energy of Azerbaijan announced that the first Energy Transition Investment Forum for Central Asia will be hosted in Baku, Azerbaijan, on 15-16 November 2024.
India, Denmark strengthen maritime ties with focus on green technology, ports modernization
The collaboration spans areas such as quality shipping, maritime training, piracy control, and green maritime technology. A key development has been the revision of a 2019 Memorandum of Understanding (MoU) in 2022, which includes a provision for establishing a Centre of Excellence (CoE) in India.
IREDA receives approval to raise ₹4,500 crore via equity issue for renewable energy projects
The approval comes following the recommendations of a High-Level Committee, with the fund-raising planned through the Qualified Institutions Placement (QIP) route.
Sunsure Energy to supply 2 cr units of green power annually to Kirloskar Brothers
In a statement, Sunsure Energy said it has signed a 13.5 MWp solar Open Access Power Purchase Agreement (PPA) with Kirloskar Brothers Ltd (KBL).
Vertical solar farms to power agriculture, clean energy production; MoU signed at Re-Invest 2024
This partnership introduces an innovative vertical solar technology that promises not only to generate clean energy but also to revolutionize the agricultural landscape by enabling continued farming on the same land. The dual-use approach is expected to transform India's agrarian economy while…
Reports about abandoning Nagpur project are misleading and incorrect: ReNew
ReNew, a leading renewable energy company, on Thursday clarified that news carried in certain sections of media in Nagpur was misleading. The news reports had stated that ReNew has "abandoned" its proposed project in Nagpur due to "unrealistically high power tariffs" and inconclusive discussions…
Weak demand for low-carbon products hampers green investment, COP28 initiative says
Over 450 large-scale industrial projects globally are seeking hundreds of billions of dollars of investment to slash carbon emissions, the Industrial Transition Accelerator (ITA) said in a statement on Thursday.