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175 GW renewables by December 2022, clarifies government

By : Sustainability ..., Oct 10, 2019

The ministry of new and renewable energy (MNRE) clarified on Wednesday that the deadline for installing 175 giga-watt (GW) of renewable energy is December 31, 2022. “At places the date for achieving the stated target is mentioned differently, i.e, by the year 2022 or by FY22...

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Corporate solar power funding jumps 34% to $9 billion in 2019

By : Sustainability ..., Oct 10, 2019

Global corporate funding in the solar power sector jumped 34 per cent to $9 billion in the first nine months of 2019, according to clean energy consulting firm Mercom. In the third quarter ended September, solar funding more than doubled to $3 billion from $1.3 billion in the...

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India: Shell joins the solar boom with acquisition of Orb Energy

By : Sustainability ..., Oct 10, 2019

Global oil major Shell has taken another step towards India’s growing renewable energy market by purchasing a 20% stake in Bangalore-based Orb Energy, a company that provides credit to small and medium-sized enterprises (SMEs) to install rooftop PV. Founded in 2006, Orb...

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ReNew load shedding sees 300MW of solar assets  put  on  the  block

By : Sustainability ..., Oct 9, 2019

ReNew Power, which until recently was a major acquirer of renewable assets in India, has put 300 megawatts (MW) of solar assets on sale as the company tries to cope with rising uncertainty in the industry, two people aware of the development said. The move to raise capital...

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Minister to ask states to uphold PPAs with green energy firms

By : Sustainability ..., Oct 7, 2019

Union power minister RK Singh will urge state governments to uphold the sanctity of contracts signed with renewable energy companies and speak about the impact of reneging from agreements when he addresses power ministers of states this week. Singh will emphasise at the...

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Solar energy: 29 govt colleges pay zero sum on electricity

By : Sustainability ..., Oct 7, 2019

Taking a major leap in harnessing solar power, state’s 29 government colleges are fulfilling their 100% power needs through solar energy. The solar panels were set up in these colleges in 2017-18 under the previous government to reduce expenditure on power. Until last year,...

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Policy blues, tariff caps may curtail renewable energy capacity additions: report

By : Sustainability ..., Oct 7, 2019

Due to policy uncertainty and tariff glitches, the country’s installed capacity in renewable energy (RE) could increase by just 40 GW to 104 GW by fiscal 2022 from 64.4 GW in fiscal 2019, ending about 42 per cent short of Government’s target of 175 GW. The sector has...

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Bloom Energy and EnergyPower to Supply Reliable, Renewable, Zero Carbon Electricity From India’s BioWaste

By : Sustainability ..., Oct 4, 2019

EnergyPower will be deploying a new agricultural and municipal waste digester combined with Bloom Energy’s solid oxide fuel cell technology to deliver reliable, renewable power to customers in the Shirala district, Maharashtra. Anaerobic digesters will be used to breakdown...

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US seeks greater involvement in Indian renewable energy sector

By : Sustainability ..., Oct 4, 2019

A multi-institutional delegation from the US has arrived here to seek greater involvement in the Indian energy sector. The team consisting of Francis Fannon, a senior US State Department official on energy, the US government’s aid arm and its energy regulator and ministry...

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Policy stability at state level must to boost renewable projets: ReNew CMD

By : Sustainability ..., Oct 4, 2019

Policy stability, particularly at the state level, is a must for boosting installation of clean energy capacity in the coming days, a top official of ReNew Power said on Thursday. His comments have come against the background of Andhra Pradesh seeking to renegotiate tariff...

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