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India becomes 2nd largest market on corporate renewable power

By : Sustainability ..., Jan 7, 2020

With Indian corporates increasingly adopting renewable power to run their offices and plants, the country has become the second largest growth market for corporate renewable power purchase agreements (PPAs) after the US. For the first half of 2019, India had a global share of...

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Rate woes of renewable energy firms may stress NBFC books further: Icra

By : Sustainability ..., Jan 7, 2020

Infrastructure finance companies might have to brace for additional pressure on asset quality from exposure to renewable energy (RE) projects, which face rate risks. These non-bank finance companies (NBFCs) are already affected by the slow resolution of their stressed thermal...

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Sembcorp buys remaining stake in Sembcorp Energy India for Rs 406 crore

By : Sustainability ..., Dec 5, 2019

Singapore-based Sembcorp Industries said on Wednesday that it is taking over complete ownership of its India business unit, Sembcorp Energy India (SEIL), by acquiring its remaining 5.95% stake from Gayatri Projects (GPL) for Rs 406 crore. SEIL has more than 4,300 MW of...

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SECI tweaks 1.2 GW renewables plus storage tender

By : Sustainability ..., Dec 4, 2019

In August Solar Energy Corporation of India (SECI) had invited bids to set up an aggregate 1,200 MW of capacity with Inter-State Transmission System (ISTS)-connected wind/solar/wind-solar hybrid projects, along with energy storage, throughout India. The projects—to be...

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Transmission charges waiver for renewables extended for second time

By : Sustainability ..., Nov 19, 2019

The Power Ministry has extended the period during which renewable energy project developers will be spared interstate transmission system charges for the transmission of electricity generated by their facilities. Originally open until the end of March 2022, the ministry has...

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Will set-up 1 GW of renewable energy projects with EDF in India: Patrick Pouyanne, CEO, Total

By : Sustainability ..., Oct 15, 2019

New Delhi: France’s oil and gas firm, Total, and energy group, EDF, plan to develop one gigawatt (GW) of renewable energy projects in India through their joint subsidiary Eden Renewables India, according to Patrick Pouyanne, chief executive officer of Total. Pouyanne,...

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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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Renewable Power Projects: Clear energy dues, MNRE tells states

By : Sustainability ..., Sep 17, 2019

In the wake of rising dues from state-owned electricity distribution companies (discoms) to renewable power projects, the Centre has asked the states to clear their outstanding amounts as soon as possible. “The Ministry of New and Renewable Energy (MNRE) has constantly taken...

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Andhra govt softens stand on power purchase agreements signed TDP: R K Singh

By : Sustainability ..., Aug 22, 2019

The YS Jagan Mohan Reddy-led Andhra Pradesh government has softened its stand on the controversial plan to reopen the power purchase agreements (PPAs) inked under the previous TDP government. In...

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Govt planning mega renewable energy projects like UMPPs

By : Sustainability ..., Aug 13, 2019

The government is planning large renewable energy projects like the coal-based ultra-mega power project s (UMPPs) through the publicprivate-partnership route. The renewable power projects may...

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