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Total to buy 50% stake in Adani solar unit for $510 million

By : Sustainability ..., Feb 7, 2020

Adani Green Energy (AGEL) said on Thursday that Total SA has signed a binding agreement wherein the French energy giant will invest $510 million to acquire 50% stake in the upcoming unit which will house AGEL’s 2,148 megawatt (MW) of currently operational solar projects. The...

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Renewables to contribute 21 per cent of electricity demand in India in 2021-22: RK Singh

By : Sustainability ..., Feb 7, 2020

Renewable energy sources are expected to account for around 21 per cent of electricity demand in 2021-22, Power Minister R K Singh said on Thursday. "As per Central Electricity Authority's National Electricity Plan, contribution of renewable energy sources is estimated to be...

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Ceiling tariff in wind energy tenders to go

By : Sustainability ..., Feb 7, 2020

In a move that could revive participation in wind bidding in a big way, the ministry of new and renewable energy (MNRE) plans to stop imposing ceiling tariffs on wind tenders, according to sources close to the development. Recent wind and solar auctions conducted by the Solar...

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Renewable energy: 7592 MW commissioned in first 9 months of FY 2019-20

By : Sustainability ..., Feb 5, 2020

India’s renewable energy capacity addition in the year 2019-20 is likely to exceed year 2018-19’s 8532.22 MW. The country has already commissioned renewable energy capacity of 7591.99 MW up to December in the year 2019-20. Another 34,160 MW is under various stages of...

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Energy startup gets funding

By : Sustainability ..., Jan 29, 2020

Native Angel Network, an investor in native startups, has invested in a Bengaluru-based renewable energy startup, Carbon Masters. Native Angel Network, an arm of Madurai-based Nativelead Foundation, had last year invested Rs 65lakh in a city-based startup, ‘VilFresh’, which...

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3 developers call off NTPC’s solar contracts  over regulatory delays

By : Sustainability ..., Jan 29, 2020

Solar power contracts of three major power plant developers with state-run NTPC Ltd have been cancelled due to delays in regulatory approvals, potentially disrupting India’s clean energy trajectory by knocking 1,400MW off it. These firms had participated in what was the first...

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Budget 2020: Renewable energy Industry demands GST restructuring, smooth clearances

By : Sustainability ..., Jan 29, 2020

With this year’s Union Budget scheduled to be tabled on 1 February 2020, renewable energy industry’s expectations are high and all eyes are on Finance Minister Nirmala Sitharaman making big bang announcements for the sector. While a majority of the industry stakeholders...

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Govt plans 10,000 MW solar project

By : Sustainability ..., Jan 27, 2020

The state government is planning to set up a mega solar power project with an installed capacity of 10,000 MW in order to meet the increasing demand for power and to supply free, uninterrupted power to the agricultural sector. Addressing employees of the energy department...

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Renewable-thermal power plan may find few takers

By : Sustainability ..., Jan 27, 2020

The Ministry of New and Renewable Energy's new proposal for developers to blend renewable and thermal power may not find many takers, according to renewable energy consultancy firm, Bridge To India. “We suspect that because of limited number of potential bidders, the scheme...

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India has installed 96 waste-to-energy projects so far: Power minister R K Singh

By : Sustainability ..., Dec 19, 2019

India has so far installed 96 waste-to-energy projects for generation of power based on urban, industrial, agricultural and municipal solid waste, power and renewable energy minister R K Singh said. "As per a study, the total estimated energy generation potential from urban...

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