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Actis buys 600 MW Acme solar assets for Rs 3,000 cr

By : Sustainability ..., Feb 28, 2020

Global emerging market fund Actis has acquired solar energy assets of 600 megawatt capacity from Acme Cleantech Solutions in a deal worth Rs 3,000 crore, said two people aware of the development. Actis outbid Canadian fund Brookfield to strike a deal with one of the largest...

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In a world-first, India’s dozen major ports now run fully on renewable energy

By : Sustainability ..., Feb 12, 2020

The dozen state-owned major ports in the country have switched to renewable energy to meet their entire power requirements, making India the first nation to have all government-owned ports running on solar and wind energy. Under a ‘green port’ initiative, the Shipping...

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India’s Solar and Wind Capacity to Reach 135 GW by 2024: BTI

By : Sustainability ..., Feb 11, 2020

According to a new report, India’s solar and wind generation capacity has been predicted to reach 135 gigawatts (GW) by the end of 2024 up from the 77 GW capacity it had reached at the end of 2019. “Notwithstanding the various operational and financial challenges and growing...

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Kolkata: Solar panels on depot roofs to charge e-buses

By : Sustainability ..., Feb 10, 2020

The West Bengal Transport Corporation (WBTC) is set to generate power through solar panels on depot roofs to recharge its electric vehicles. The Energy and Resource Institute (TERI) has conducted a study and found significant savings in annual electricity bills. In a study at...

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Maharashtra: MSEDCL proposes astronomical GSC for solar rooftop

By : Sustainability ..., Jan 16, 2020

Even as solar rooftop consumers were celebrating the relief given to them by Maharashtra Electricity Regulatory Commission (MERC), MSEDCL has dropped a bombshell. It has proposed astronomical grid support charges, which will make solar power costlier than its own power.

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Green developers in AP lost Rs 1,400 cr since August

By : Sustainability ..., Jan 10, 2020

Renewable energy developers have lost revenue of Rs 1,400 crore due to curtailment of wind and solar power in Andhra Pradesh since August last year, said industry executives. “Out of the 7,307 mw of renewable energy installed in Andhra Pradesh, 20-25% of solar power and 50-60...

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Railways to source 1.2 GW green energy

By : Sustainability ..., Jan 10, 2020

One of the significant actions taken in this direction has been installation of solar panels at stations and service buildings across the zone. All stations in a particular section of South Central Railway have been provided with solar panels to tap the natural energy....

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Banks seeing credit demand from solar, oil & gas and road: SBI Chairman

By : Sustainability ..., Jan 9, 2020

Banks are seeing demand from credit project pipeline from three sectors - oil and gas, solar and road but there is no large ticket demand for credit of the kind that was seen last year, State Bank of India Chairman Rajnish Kumar has said. The banking sector is going to see...

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India in talks with World Bank for Modi’s global electricity grid plan

By : Sustainability ..., Jan 9, 2020

India has started consultations with the World Bank as its technical partner to implement an ambitious global electricity grid plan pitched by Prime Minister Narendra Modi. With the world grappling with climate change concerns, a senior government official said the...

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Cabinet Approves Mou Between India, UK For Energy Self-Sufficiency In Indian Railways

By : Sustainability ..., Jan 9, 2020

The Union Cabinet on Wednesday gave its approval to Memorandum of Understanding (MoU) signed with the UK's Department for International Development for enabling energy self-sufficiency in Indian Railways. An official release said under the MoU signed by Railway Ministry with...

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