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Immediate switch to renewable energy required across sectors, says report

By : Sustainability ..., Jun 16, 2020

The journey towards climate disaster would continue, unless an immediate switch to efficient and renewable energy is made across sectors in the wake of the COVID-19 pandemic, according to a latest report. According to the report by Paris-based think-tank REN21, though growth...

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Sovereign rating downgrade poses risk for India's green energy investors

By : Sustainability ..., Jun 15, 2020

The recent downgrading of India’s sovereign credit rating poses increased risk for attracting global investors in the country’s renewable energy sector. Earlier this month, Moody’s cut the country’s sovereign credit rating by a notch to the lowest investment grade with...

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Post-Covid economic recovery to be driven by renewables: UN report

By : Sustainability ..., Jun 11, 2020

As Covid-19 hits the fossil fuel industry, a new UN report on Wednesday showed renewable energy is more cost-effective than ever -- providing an opportunity to prioritise clean energy in economic recovery packages and bring the world closer to meeting the Paris Climate...

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Dutch pension fund APG keen to buy into Tata Power’ clean energy InvIT

By : Sustainability ..., Jun 11, 2020

Dutch pension fund manager APG Asset Management NV has evinced interest in acquiring a 51% stake in Tata Power’ renewable energy infrastructure investment trust (InvIT), said two people aware of the development. InvITs are trusts that manage income-generating infrastructure...

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Investments in RE Sector Fell 14% to Rs 68550 Cr in 2019

By : Sustainability ..., Mar 20, 2020

Investments in the country’s renewable energy sector fell by 14 percent to Rs 68,550 crore in the calendar year 2019, the Parliament has been informed. In 2018, the estimated investment in the domestic RE sector was at Rs 79,606 crore, Minister of Power, New and Renewable...

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Mahindra Heavy Engine first in India to double its energy productivity

By : Sustainability ..., Mar 6, 2020

Mahindra Heavy Engines (MHEL) has become the first Indian manufacturing unit in the country and only the third in the world to double its energy productivity, which would have significant impact on its energy costs. This was achieved by the compnay’s unit in Chakan which has...

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India's renewable energy sector to attract $10 billion investments annually: BoA

By : Sustainability ..., Feb 19, 2020

India's renewable energy sector could become a prime destination for global investors with a potential to attract $10 billion (Rs 71,550 crore) of annual investments, Bank of America’s global head of energy and renewable business said. The government's target of generating...

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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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Karnataka bags Rs 72,000 cr investment proposals; EV, solar power in focus

By : Sustainability ..., Feb 17, 2020

Rs 72,000 crore investment proposals were received at the Invest Karnataka meet, here on Friday, for the states northern region, said an official on Saturday. "About 50 foreign and domestic firms have proposed to invest Rs 72,000 crore in the northwest and northern regions of...

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A few policy tweaks would boost renewable energy investment, says IEEFA India

By : Sustainability ..., Feb 14, 2020

A number of recent policy positions have undermined growth in India’s renewable energy sector. However, a course correction now can put the country back on track to reach the ambitious “450 GW by 2030” renewable energy target—finds a new report by the Institute for Energy...

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