On India’s 75th Independence Day, hon’ble Prime Minister Shri Narendra Modi launched the National Hydrogen Mission of India. The Mission aims to aid the government in meeting its climate targets and making India a green hydrogen hub. The mission identified a target of production of 5 million tonnes of Green hydrogen by 2030 and the related …
Government releases Green Hydrogen Green Ammonia Policy Read More »
On 1st February 2020, Union Finance Minister Niramala Sitaraman presented the Union Budget for the year 2021-22 in the Lok Sabha. The Union Budget for 2021-22 has laid a major focus on capturing the emerging energy transition trends — from Renewables to Hydrogen and even Smart Metering. Key announcements on Renewable Energy in budget 2021: An additional …
On 15th December 2020, prime Minister Shri Narendra Modi laid foundation of of the world’s largest Renewable Energy park in Gujarat’s Kutch. The Renewable Energy project will account for a large chunk of India’s ambitious target of generating 175 GW in renewable energy by 2022 and 450 GW by 2030. In march 2020, India’s Ministry …
PM Modi Lays Foundation Stone for World’s Largest Renewable Energy Park at Kutch Read More »
Ocean Energy Introduction: Oceans cover 70 percent of the earth’s surface and represent an enormous amount of energy in the form of wave, tidal, marine current and thermal gradient. A variety of different technologies are currently under development throughout the world to harness this energy in all its forms. Deployment is currently limited but the …
In a decision that would give boost to the ocean energy in India, Union Minister of State for Power and New & Renewable Energy (IC) and Skill Development & Entrepreneurship, Shri RK Singh approved a proposal to declare ocean energy as Renewable Energy today. Accordingly, the Ministry of New and Renewable Energy has clarified to all …
Proposal to declare Ocean Energy as Renewable Energy Read More »
India is one of the countries with the largest production of energy from renewable sources. India’s serious renewable energy journey started with Jawaharlal Nehru National Solar Mission in 2010 and in 2015, India set an ambitious renewable energy target of 175 GW in installed capacity by 2022. In 2018, this target was revised to 227 …
The concept of Renewable Energy Certificates (RECs) seeks to address mismatch between availability of renewable energy and the requirement of the obligated entities to meet their renewable purchase obligation (RPO) by purchasing green attributes of renewable energy remotely located in the form of RECs. The REC mechanism is a market based instrument, to promote renewable …
What is Renewable Purchase Obligation – RPO and Renewable Energy Certificate – REC Read More »
The much-anticipated Union Budget 2018-19 was tabled in Lok Sabha by Finance Minister Arun Jaitley on 1st February 2018. However the budget is lacking any great incentives or schemes for renewable energy sector. Due to the prevalent uncertainties, increasing costs of project development in the country and external competition, the industry was hopeful for a few subsidies …
Budget 2018-19 for Solar and Renewable Energy Sector Read More »
Yes Bank and the European Investment Bank will co-finance USD 400 million funding for renewable power generation in the country. “The new financing programme will streamline financing for a range of renewable energy projects being built and operated by leading Indian corporations and private sector developers,” Yes Bank and EIB said in a joint statement issued here today. Of the …
Yes Bank-EIB invest $400 million in wind and solar projects Read More »
ReNew Power Ventures Pvt. Ltd is close to acquiring Ostro Energy Pvt. Ltd, the company that holds the renewable energy assets of buyout firm Actis Capital, for an enterprise value of Rs10,000 crore, according to two people directly aware of the development. The final valuation has been agreed by both sides, the people said, requesting …
