You are here

India is the world's fifth-largest energy economy; Ranked 3rd on renewable energy

By : Sustainability ..., May 7, 2020

India ranks at the fifth position among the countries of the world when it comes to the size of its energy economy, measured by the combined revenue of energy companies. The country also ranks 3rd on renewable energy investment and future plans, according to a new study by...

Read more..

Asian Development Bank to invest $100 million in NIIF's fund of funds

By : Sustainability ..., Mar 31, 2020

Asian Development Bank (ADB) will now join the Government of India (GOI) and Asian Infrastructure Investment Bank (AIIB) as an investor in one of the instruments of National Investment and Infrastructure Fund (NIIF) of India. ADB will invest $100 million equivalent in the...

Read more..

Renewable Investments up 1% YoY in 2019, India Records 14% Less

By : Sustainability ..., Jan 17, 2020

Investments in renewable energy capacity worldwide was USD 282.2 billion last year, up 1 percent from 2018’s USD 280.2 billion, with the world’s biggest market (China) slipping back, but it’s second-largest (the US) hitting a new record. India, on the other hand, saw an...

Read more..

TVS plans to invest Rs 6 crore in green energy in FY20

By : Sustainability ..., Dec 16, 2019

TVS Motor Company is planning to invest around Rs 6 crore in 2019-2020 financial year to enhance implementation of green energies like solar, wind power in its operations, claimed the company. During 2018-19, the two-wheeler manufacturer had invested Rs 8.79 crore towards...

Read more..

Public sector enterprises gradually diversifying into green energy

By : Sustainability ..., Dec 12, 2019

Egged on by government incentives, the state owned enterprises (SOEs) are diversifying into green energy and building renewable energy portfolios. In October this year, the Ministry of New & Renewable Energy (MNRE) urged all SOEs to prioritise renewable projects in their...

Read more..

Coal-based power's market share at decade low, green energy nearly doubles

By : Sustainability ..., Dec 4, 2019

The market share of coal-fired power plants to total generation in the country has slumped to a decade low as renewable power gains currency, a study showed. A report by US-based think tank, Institute for Energy Economics & Financial Analysis (IEEFA) says while coal-fired...

Read more..

Coimbatore civic body to open its second solar power plant

By : Sustainability ..., Dec 3, 2019

Almost 10 months after the solar power plant at Ukkadam started generating power, the city corporation is all set to inaugurate its second solar power plant at Kavundampalayam. The plant with the capacity to generate 1MW power was built at a cost Rs 5.5 crore. “The...

Read more..

Brookfield in talks to invest $800 million in ReNew Power

By : Sustainability ..., Nov 11, 2019

Canadian asset management firm Brookfield is in talks to invest $800 million in India’s largest green energy company ReNew Power, said two people familiar with the development. Brookfield, which is currently conducting due diligence, would be providing partial exit to Goldman...

Read more..

‘More we invest in green energy, cheaper & more sustainable it will become’

By : Sustainability ..., Sep 23, 2019

Nearly three years after ratifying the Paris Climate Agreement, India continues to pave way for coal-fired thermal power plants. Under these circumstances, the country would unceasingly keep choking under the toxicity of fossil fuels for at least half a century. “...

Read more..

46,000 Mw of new renewable energy capacity to come up in Gujarat

By : Sustainability ..., Aug 28, 2019

Around 46,000 Megawatt (Mw) of fresh renewable energy generation capacity is likely to be set up in Gujarat by 2030 taking the share of green energy in the state's total capacity to 70 per cent...

Read more..