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Over Rs 1.32 Lakh Crore Invested in India’s Renewable Sector Since 2017-18

By : Sustainability ..., Feb 19, 2020

India’s renewable energy sector has seen a total investment of Rs 1.32 lakh crore (Rs 132625.89 crore) between the financial year 2017-18 and the current fiscal (until December 31, 2019), Union Minister of Power and New and Renewable Energy, RK Singh has said. Answering a...

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CEA Report Shows RE Generation Increased by 17.2% YoY in December 19

By : Sustainability ..., Feb 10, 2020

The latest report by the Central Electricity Authority (CEA) tracking the monthly renewable energy generation in India for the month of December 2019 has revealed that electricity generated from renewable energy (RE) sources increased by 17.2 percent year over year (YoY) from...

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India's national transmission grid must urgently modernise to increase rate of renewable energy adoption: Study

By : Sustainability ..., Feb 10, 2020

India's national transmission grid must urgently modernise to increase rate of renewable energy adoption, a study by Institute for Energy Economics and Financial Analysis (IEEFA) suggests. “This is a key prerequisite for achieving renewable energy investment ambitions while...

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Total to buy 50% stake in Adani solar unit for $510 million

By : Sustainability ..., Feb 7, 2020

Adani Green Energy (AGEL) said on Thursday that Total SA has signed a binding agreement wherein the French energy giant will invest $510 million to acquire 50% stake in the upcoming unit which will house AGEL’s 2,148 megawatt (MW) of currently operational solar projects. The...

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Jobs: India needs 1,000 GW of solar power capacity to replace coal workers

By : Sustainability ..., Jan 30, 2020

India would need 1,000 gigawatt (GW) of solar power capacity to replace coal mining jobs, according to a recent study. With a mounting global pressure to shift away from coal and adopt renewable energy sources, ensuring that coal miners find jobs locally in other industries...

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Adani Group Aims To Become World's Largest Solar Power Company By 2025: Gautam Adani

By : Sustainability ..., Jan 23, 2020

Adani Group chairman Gautam Adani said on Wednesday that his company's main goal is to become the world's largest solar power company by 2025 and largest renewable power company by 2030. "Given our goal to become the world's largest solar power company by 2025 and the world's...

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Clean power push: Govt adds over 50,000 MW in 5 years

By : Sustainability ..., Jan 14, 2020

The renewable energy sector has made rapid strides under the Modi government with 50 GW plus of new capacity coming into the grid in the last five years. This is despite the doubts being raised over the government’s target of achieving of 175 GW by 2022. The December quarter...

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India has installed 84 GW of renewable energy capacity so far: MNRE

By : Sustainability ..., Jan 2, 2020

India's renewable energy (RE) capacity had crossed 84 gigawatt (GW) mark by the end of November this year, fresh data released by the ministry of new and renewable energy (MNRE) showed. "A total of 6083.48 MW of renewable energy capacity has been added during the year 2019-...

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Renewable energy MoU with Saudi Arabia gets cabinet nod

By : Sustainability ..., Dec 26, 2019

The Union Cabinet chaired by Prime Minister Narendra Modi has approved a Memorandum of Understanding between India’s Ministry of New and Renewable Energy and Saudi Arabia’s Ministry of Energy for cooperation in the field of renewable energy. The MoU aims at setting up a...

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Hyderabad to get fast-charging hubs for EVs in 2020

By : Sustainability ..., Dec 16, 2019

In an effort to encourage the use of e-vehicles in a big way, the Telangana government plans to set up fast-charging stations for hassle-free commuting. “The Telangana State Renewable Energy Development Corporation Ltd (TSREDCO) will install 200 of these fast-charging...

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