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Azure Power to invest $3.7 billion to set up 4 GW capacity by 2024-25

By : Sustainability ..., Jan 21, 2020

Solar power producer, Azure Power, is planning to invest about $3.7 billion by the end of financial year 2024-25, the company said in an investor briefing. According to its capex forecast, it will make investment in a range between $2.6 billion and $3.7 billion from 2020-21...

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First Session Of India-Norway Dialogue On Trade & Investment (DTI) Convened

By : Sustainability ..., Jan 17, 2020

The first Session of India-Norway Dialogue on Trade & Investment (DTI) was convened in New Delhi on 15-16 January, 2020. The session was based on the Terms of Reference (ToR) signed between India and Norway on 8th January, 2019 in New Delhi, during the visit of Prime...

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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...

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Mahindra Renewables plans $171 mn investment for solar project in Rajasthan

By : Sustainability ..., Jan 10, 2020

Mahindra Renewables Private Limited (MRPL), a wholly owned subsidiary of Mahindra Group (worth $20.7 billion) cleantech arm Mahindra Susten Private Ltd (MSPL) is planning to invest around $171 million to set up a 250 mega watt (MW) solar power project in Rajasthan. The...

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Govt, NTPC to sign MoU for solar park in Jaisalmer

By : Sustainability ..., Jan 8, 2020

The government is set to ink an agreement with NTPC for developing a 925 megawatt solar park in Jaisalmer that would fetch nearly Rs 4,000 core investment. The ultra-mega solar park at Nokh, spread over 1850 hectare, will be the first project for developing a park under the...

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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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NTPC to invest Rs 50,000 crore to add 10GW solar energy capacity by 2022

By : Sustainability ..., Dec 26, 2019

State-owned power giant NTPC is planning to add 10GW of solar energy generation capacity by 2022, which entails an investment of around Rs 50,000 crore, to be funded mainly by green bonds, a source has said. At present, NTPC has installed renewable energy capacity of 920 MW,...

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AIIB approves US$65 million for Hero Future’s 250 MW solar project

By : Sustainability ..., Dec 24, 2019

After a US$75 million loan to Tata Cleantech Capital, the Beijing-headquartered Asian Infrastructure Investment Bank (AIIB) has agreed to invest US$65 million in a 250 MW grid-connected solar power project by another Indian developer Hero Future Energies. The project—located...

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Adani Green’s $362-Million Bonds Issue Gets Global Interest

By : Sustainability ..., Dec 17, 2019

Billionaire Gautam Adani's renewable energy firm Adani Green Energy Ltd.'s $362.5 million (about Rs 2,570 crore) bonds issue attracted interest of investors worldwide, the company said on Monday. This was the first ever deal from India to use an amortising project finance...

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India to invest Rs 4 lakh crore to meet 175 GW renewable energy target by 2022: R K Singh

By : Sustainability ..., Dec 12, 2019

The government has estimated an investment of about Rs 4 lakh crore over the course of next three years to meet the country's 175 gigawatt (GW) renewable energy target, power and renewable energy minister R K Singh said recently. "A cumulative renewable energy capacity of 83....

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