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Shell buys stake in India and Kenya-focused rooftop solar firm

By : Sustainability ..., Oct 4, 2019

Oil major Shell has made another foray into Indian renewables by acquiring close to a 20% stake in Bangalore-headquartered Orb Energy, which provides credit to small and medium-sized enterprises (SMEs) to install rooftop PV and lower power costs. Last year, Shell and European...

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Report: Renewables will provide nearly half of world’s electricity by 2050

By : Sustainability ..., Oct 3, 2019

Renewable sources of energy will provide nearly half of the world’s electricity by 2050, according to the U.S. Energy Information Administration. Currently, 28% of global electricity is generated from renewable energy sources such as hydropower, wind and solar technologies....

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AC Energy Invest $20 Million in RE Projects in Asia Pacific

By : Sustainability ..., Oct 3, 2019

THE power unit of conglomerate Ayala Corp. is investing $20 million to partly finance the development, construction and operations of renewable-energy (RE) power projects in the Asia-Pacific (AsPac) region, with a goal of building a portfolio of over 1 gigawatt in the next...

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Andhra Pradesh: Bad weather hits supply of renewable energy

By : Sustainability ..., Oct 1, 2019

Energy secretary Dr N Srikanth on Monday said power shortage in the state was not due to non-purchase of solar and wind power. He said solar and wind plants could not operate at optimum level due to inclement weather. In a statement, the energy secretary said they got a...

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Gujarat's rooftop solar power scheme aims to cover 2 lakh families

By : Sustainability ..., Oct 1, 2019

Gujarat energy minister Saurabh Patel said that the state government's rooftop solar panel scheme aims to cover two lakh households by March 31 next year. Under the scheme, people can install solar panels for electricity generation on the roof of their houses, and if there is...

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India to gradually replace coal with renewable energy'

By : Sustainability ..., Oct 1, 2019

Reduction of coal consumption is not a one-day process and India has a long-term plan to gradually replace coal with renewable energy, a top environment ministry official said on Monday. Union Environment Secretary C K Mishra said coal based plants will continue using coal...

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PMO steps in to ease supply of credit for green energy firms

By : Sustainability ..., Sep 30, 2019

The Prime Minister’s Office has intervened to help ease credit supply to renewable energy firms, as the government moves to ensure that India’s efforts to emerge as a clean energy champion are not undermined by a lack of access to funds. The PMO has asked federal policy think...

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UP energy regulator slashes solar tariffs, approves bidding for 550 mw

By : Sustainability ..., Sep 30, 2019

The Uttar Pradesh Electricity Regulatory Commission (UPERC) has slashed solar power tariffs to a record low of nearly Rs 3 per unit, as it cleared competitive bidding for procurement of 550 megawatt (mw) by state utilities. The approved tariffs range from Rs 3.02 per unit to...

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Hero Future Energies reorganises business to make overseas foray

By : Sustainability ..., Sep 30, 2019

Hero Future Energies has reorganised its business to expand its portfolio abroad and access cheaper funding. Hero Future Energies (HFE) Global, registered in London since 2016, will control the India business through a Singapore entity and spearhead the global plans. The...

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Fortum plans to set 300 MW solar power units in India per year

By : Sustainability ..., Sep 27, 2019

Fortum India, a unit of the €5-billion Finland-based Fortum Oyj, plans to set up 300 MW of solar power capacity each year in India for the next five years, taking its total installed capacity to over 2,100 MW. The investment will be about ₹1,300 crore per year, totalling...

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