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India’s renewable energy sector should move to next stage of investment, manufacturing: RBI Governor

Reserve Bank of India (RBI) Governor Shaktikanta Das on Monday said that the country now needs to move to the next stage of investment and manufacturing in the renewable energy sector.

... Read more..

Date : Jul 28
Source: The Economic Times

Gujarat adds highest wind power generation capacity

Continuing to attract wind power project developers, Gujarat added the highest capacity for wind power generation in 2019-20. The state had also grabbed a lion’s share of the new wind power capacity installed across India in the last fiscal.

The state saw installation of new wind power generation... Read more..

Date : Jul 28
Source: Times of India

New guidelines issued on bundled solar and thermal power

Solar and thermal power can be bundled by bidders to provide 24x7 electricity to distribution companies, according to new official guidelines issued to scale up renewable energy without hurting the grid... Read more..

Date : Jul 28
Source: The Economic Times

Andhra Pradesh makes rapid strides in PAT scheme in industries sector

The Energy Department of Andhra Pradesh (A.P.) saved 2,386 million units (MU) of power in the industries sector under the Perform Achieve & Trade (PAT) scheme. The power conserved is worth around ₹1,600 crore in the last three years , according to an official release.

The Bureau of Energy Efficiency (BEE) appreciated the efforts of A.P. towards improving energy efficiency in energy-intensive industries... Read more..

Date : Jul 28
Source: The Hindu

UP draws up plan to cut AT&C losses to 15% by 2024

In line with the Centre’s reforms linked distribution scheme, the Uttar Pradesh government has drawn up a plan improve the financial and operational performance of discoms. They include plans to bring down the Aggregate Technical & Commercial (AT&C) losses from the current 30.3% to 15% by March 2024, reduce ACS-ARR gap from -.07 in 2019-20 to 0.85 in 2023-24 and bring down the distribution losses from the current 18% to 13.3% by March 2024.

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Date : Jul 28
Source: Financial Express

Single window system to be set up soon for industrial clearances and approvals

The Government is soon going to set up a single window system for clearances and approvals of industry in the country.Talking to the sovereign wealth funds, the foreign pension funds and others on ease of doing business and investments in infrastructure sector in India, Commerce and Industry Minister Shri PiyushGoyal said that this would be a genuine single window and all the concerned State Governments and Central Ministries are being taken on board for the system. 

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Date : Jul 28
Source: Press Information Bureau

EDF-Jinko Power consortium wins deal for major solar project in Abu Dhabi

A consortium formed by French state-controlled power group EDF (EDF.PA) and its Chinese partner Jinko Power Technology has been awarded the Al Dhafra solar project in Abu Dhabi, United Arab Emirates, EDF said on Monday.

EDF said the Abu Dhabi solar photovoltaic plant would have a capacity of 2 GW, which would make it the largest single-project solar plant in the world, generating the equivalent electricity... Read more..

Date : Jul 28
Source: Reuters

BMW Group makes sustainability and efficient resource management central to its strategic direction

The BMW Group is making sustainability and resource efficiency central to the company’s strategic direction. Chairman of the Board of Management Oliver Zipse announced initial details of this strategic direction in Munich today and presented the targets the company has set itself for the phase up to 2030. The BMW Group is building on a strong foundation: Over the past years and decades, the company has repeatedly set standards in terms of sustainability. The principle of continuous improvement will remain at... Read more..

Date : Jul 28
Source: BMW Group

NTPC floats tender to acquire 1 GW solar projects

The company is looking to make its energy portfolio greener by boosting renewable energy capacities.

State-run power giant NTPC has floated a tender to acquire 1 GW operational solar projects, which entails an investment of around ₹5,000 crore.

In a... Read more..

Date : Jul 27
Source: The Hindu

India-European Union Agreement on Scientific and Technological Cooperation renewed for next five years (2020-2025)

India and European Union have renewed its Agreement on Scientific and Technological Cooperation for the next five years (2020-2025). This has been done by exchange of Note Verbale between two sides. The Agreement was initially signed in on 23 November 2001 and renewed two times in past in 2007 and 2015.

This will expand the cooperation in scientific and technological research strengthen the conduct of... Read more..

Date : Jul 27
Source: Press Information Bureau

Solar-storage plan to power Leh hangs fire

At a time when the border standoff with China in Ladakh has sharpened focus on infrastructure development in border areas, a storagebased solar project proposed to make Leh, the union territory’s nerve centre, self-reliant in power has been hanging fire over the administration’s insistence on quota of free power.

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Date : Jul 27
Source: Times of India

DPIIT-led panel to vet GeM vendors from neighbouring countries, restrict Chinese suppliers

All vendors registered on the government e-Marketplace (GeM) will now have to furnish a certificate declaring their compliance with the new procurement norms that seek to restrict suppliers of Chinese... Read more..

Date : Jul 27
Source: The Economic Times

Simple Energy In Talks With Investors To Raise $1 Million

Bengaluru-based electric vehicle start-up Simple Energy is in talks with angel investors to raise up to USD 1 million (about Rs 7.5 crore), its founder Suhas Rajkumar said.

The proceeds will be utilised for testing and certification of its 280-km range range scooter as the company seeks to secure Automotive Research Association of India's (ARAI) approval for its maiden offering by December, before the... Read more..

Date : Jul 27
Source: Business World

Ather Energy raises ₹84 crore from existing investor Hero MotoCorp

Electric scooter manufacturer Ather Energy has raised a fresh investment of ₹84 crore from existing investor Hero MotoCorp Ltd, as an extension of its Series C round that was led by Sachin Bansal last year.

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Date : Jul 27
Source: Live Mint

160 subsidised solar pumps for Pilibhit farmers on first-come-first-served basis

The Pilibhit agriculture department is set to provide 160 solar pumps to farmers on subsidy, under the Pradhan Mantri Kisan Urja Suraksha Utthan Mahabhiyan scheme of the Union government. The subsidy has been fixed at 40% of the selling price of the solar units... Read more..

Date : Jul 27
Source: The Economic Times

Power Innovations announces new record in use of Hydrogen Fuel Cell technology

Energy solutions provider Power Innovations announced it successfully powered a full data center server load, equivalent to one-fourth of a Megawatt (MW), for 48 continuous hours with Hydrogen Fuel Cells (HFC), doubling the previous mark of 24 hours set by the firm last year.

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Date : Jul 27
Source: The Economic Times

Delhi: DISCOMs switch to digital mode for power complaints

This monsoon, you can report any disruptions in power supply with a missed call, WhatsApp message, SMS or mobile application. Power discoms... Read more..

Date : Jul 27
Source: The Economic Times

Azure Power receives LOA for 2,000 MW solar power project

Solar power producer Azure Power today announced it has received the letter of award (LOA) for a 2,000 Megawatt (MW) interstate transmission (ISTS) solar power project with Solar Energy Corporation of India (SECI... Read more..

Date : Jul 24
Source: The Economic Times

Single-window clearance for renewable energy plans: Maharashtra

The Maharashtra government will give single-window clearance to renewable energy projects in a bid to move towards cleaner sources of energy, state Energy Minister Nitin Raut said on Thursday.

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Date : Jul 24
Source: Live Mint

Greenko and ONYX InSight sign pact to modernise 500 wind turbines

Renewable energy developer Greenko and analytics and engineering firm ONYX Insight announced they have signed an agreement to modernise 500 wind turbines in what they termed as the first "condition... Read more..

Date : Jul 24
Source: The Economic Times

AP government invites private participation to set up ultra mega renewable energy power parks

With an immense potential to produce solar and wind power in the state, the Andhra Pradesh government has formulated a comprehensive policy to promote private participation in the sector.

... Read more..

Date : Jul 24
Source: The Economic Times

Set up energy account divisions: Union power minister to UP government

Union minister for power, Raj Kumar Singh on Thursday pressed for constitution of energy account divisions across the state to measure, analyse and report the energy consumption of different activities on a regular basis. Singh was presiding over a power review meeting with CM Yogi Adityanath at the latter’s official residence.... Read more..

Date : Jul 24
Source: The Times of India

EV market likely to be Rs 50,000-cr opportunity in India by 2025: Report

The electric vehicle (EV) market is likely to be a Rs 50,000-crore opportunity in India by 2025, with two- and three-wheelers expected to drive higher electrification of the vehicles in the medium term in the wake of Covid-19, according to a report.

The report by Avendus Capital, which is an investment banking arm of financial services provider Avendus Group, also said the total cost of ownership (TCO) in... Read more..

Date : Jul 24
Source: Business Standard

Nicaragua latest country to sign International Solar Alliance Framework Agreement

Nicaragua has become the latest country to join the International Solar Alliance Framework Agreement, an initiative led by India to promote sustainable energy.

Nicaragua’s Permanent Representative to the United Nations Jaime Hermida Castillo signed the agreement at the Permanent Mission of India to the United Nations here on Wednesday. The Central American country... Read more..

Date : Jul 24
Source: Outlook India

Benchmark rates for solar rooftop projects decline 20 per cent

The government’s benchmark rates for solar rooftop projects have fallen about 20 per cent, the fourth successive year of decline.

Rates have fallen by 22 per cent for projects... Read more..

Date : Jul 23
Source: The Economic Times
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