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Private investment can help India reduce 35% greenhouse gas emissions: IFC

By : sustainabilityo..., Nov 3, 2017

India is on track to meet its climate targets, including reducing the greenhouse gas emissionsby up to 35 per cent by 2030, by channelling trillions of dollars in private investments through a combination of policy reforms and innovative business...

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EBRD inks pact with International Solar Alliance for cooperation in solar energy

By : sustainabilityo..., Nov 3, 2017

The International Solar Alliance (ISA) and the European Bank for Reconstruction and Development (EBRD) today signed a Joint Financial Partnership Declaration with the objective to deepen their cooperation on renewable energy.

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SoftBank joins hands with Saudi wealth fund to frame solar energy plan for kingdom

By : sustainabilityo..., Nov 3, 2017

SoftBank has joined hands with Saudi Arabia's sovereign wealth fund, Public Investment Fund (PIF) to frame a 'Solar Energy Plan 2030' for the kingdom and set up a giant 3000 MW solar project there. The memorandum of understanding (MoU) between...

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UK-based firms to invest Rs.1,500 cr in waste-to-energy projects in South

By : sustainabilityo..., Aug 31, 2017

GJ Nature Care & Energy (GJNCE) and GJ Eco Power (GJEP), two UK-based firms, are planning to invest close to ₹1,500 crore over a period of five years in waste-to-energy projects across South Indian cities.

GJNCE has won a global bid for a waste-to-energy project in...

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Arinsun Clean Energy to develop 250-Mw solar park in MP for $200 mn

By : sustainabilityo..., Aug 29, 2017

Actis Energy Fund-backed Arinsun Clean Energy Private Limited will develop a 250-Mw solar park at a cost of $200 million at the Rewa Ultra Mega Solar Park in Madhya Pradesh. The International Finance Corporation (IFC) is planning to back the project.

The project was...

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Tata Power Renewable boosts generation capacity by four-fold

By : sustainabilityo..., Aug 29, 2017

Tata Power today said its renewable energy arm enhanced the generation capacity by over four-fold last fiscal.

Tata Power Renewable Energy Ltd (TPREL) generated 1,440 million units (MUs) from renewable energy sources like wind and solar in 2016-17 as compared to 329...

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Finance Ministry issues norms for Central offices to retrofit energy efficient appliances

By : sustainabilityo..., Aug 16, 2017

The Union Finance Ministry has issued guidelines for mandatory installation of energy efficient appliances in all Central Government buildings across India.

It has directed that usage of LED based lightings and energy efficient cooling equipment such as fans and air...

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ISA to float global tender for 5 lakh solar pumps before December

By : sustainabilityo..., Jul 31, 2017

International Solar Alliance (ISA) plans to come out with a global tender for price discovery of 5 lakh solar pumps before December and presumed the prices of solar pumps will come down, said...

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Jakson Group to invest Rs 700 crore to set up new solar plant

By : sustainabilityo..., Jul 24, 2017

At a time when most domestic solar manufacturers are struggling with idle capacity in the face of cheap solar cells and modules being imported from China, Noida-based Jakson Group is setting up...

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Mercedes Benz seeks sops to aid India's electric car ride

By : sustainabilityo..., Jul 24, 2017

Folger, the Mercedes Benz Managing Director for India, said globally the German automaker is heavily investing in technology for electric mobility and if adequate support is extended, these...

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