Vattenfall and BASF are in advanced and exclusive discussions to partner on the Nordlicht 1 and 2 projects through a sale of 49 per cent of the project shares to BASF. Both parties have signed […]
Eolus has signed an agreement to acquire YIT Energy Oy, the renewable energy division of YIT. Eolus will acquire 100 per cent of the shares in YIT Energy Oy, a wholly owned subsidiary of YIT, […]
The domestic solar manufacturing industry has received a major fillip in the past two years, partly due to supply chain issues during the pandemic and various government initiatives. This has led to a flurry of […]
By Sarthak Takyar The government has been proactive in reviving the wind power segment over the past few years, restoring it to its former glory when it received substantial support from the government through feed-in […]
The UK’s development finance institution and impact investor, British International Investment (BII), has committed $25 million to the first closing of the GEF South Asia Growth Fund III (GEF SAGF III). The Fund will primarily […]
Indian Energy Exchange recorded a 17.5 per cent year-on-year (YoY) increase in growth, attaining a total volume of 9,136 million units (MUs). This also includes 755,000 renewable energy certificates (RECs) equivalent to 755 MU, at […]
At COP28, ReNew Energy Global Plc and Asian Development Bank (ADB) signed MoU to work together on projects focused on mitigating and adapting to climate change. The MoU encompasses projects with a total investment exceeding […]
The Solar Energy Corporation of India (SECI) has issued request for proposals for developing 1,350 MW inter-state transmission system (ISTS) connected wind projects, tranche-XVI with a greenshoe option of additional 700 MW. The projects will […]
COP 28 Finance Day unlocked significant progress on international financial architecture reform to support low-income and vulnerable countries to fight climate change. Major international financial institutions and countries made new commitments to offer climate-resilient debt […]
Iberdrola and Masdar have signed a €15 billion strategic collaboration deal to jointly develop offshore wind and green hydrogen projects in Germany, the UK, and the US. Following the successful co-investment in Baltic Eagle in […]
In the early 2000s, solar and wind energy development was a distant reality in India. However, with the growing need and demand for sustainability, the adoption of green technology became imperative. As the requirement for […]
India’s total renewable energy capacity, excluding large hydro, stood at 131,783.39 MW in September 2023. This accounts for around 30 per cent of the country’s total power capacity of 425,406.47 MW. The top 10 states, […]
Solar Energy Corporation of India Limited (SECI) has played a pivotal role in driving the uptake of renewable energy projects by proactively floating tenders. It has also adapted well to the changing times, transitioning from […]
Gujarat has entered into MoUs with MeOH Giga Battery from Australia and Australian Premium Solar Pty Ltd. The aim is to expedite the achievement of its renewable energy capacity. Welspun and Kiri Industries, have also […]
India has joined the battery energy storage systems (BESS) consortium, an initiative of the Global Leadership Council of the Global Energy Alliance for People and Planet (GEAPP), at the 2023 United Nations Climate Change Conference […]
The Arunachal Pradesh State Electricity Regulatory Commission (APSERC) has introduced the draft “Terms and Conditions for Green Energy Open Access (GEOA) and Methodology for Calculation of Charges Regulations, 2023,” which is a major step towards […]
The Asian Development Bank (ADB) has given its approval for a $250 million policy-based loan aimed at enhancing the financial sustainability of India’s power sector and promoting the transition towards renewable energy. This policy-based loan […]
By Sarthak Takyar For both global and domestic investors, India remained a priority market for renewable energy growth in 2022, aided by the ambitious climate targets set by the Indian government, supportive policies and rich […]
Dinesh Arjun successfully manages two ventures, Broaching India (automotive manufacturing) and Dino Motorcycles (automotive retail). Prior to this, he worked with automotive giants as a supplier and dealer. He also gained experience working with the […]
Over the past year, India has witnessed significant strides in the policy and regulatory frameworks within the renewable energy sector. The government has been proactive in implementing measures aimed at promoting renewable energy development across […]
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