Leading renewable energy firms in India seek buyers for 20 Gw assets India currently has 150 Gw of installed RE capacity. Premium . Maharashtra Elections 2024 Business Standard at 50 IPO News Business Standard BFSI Summit 2024 Jharkhand Elections Results 2024 US Election 2024;
State-owned REC Ltd on Saturday said it has raised $500 million through green dollar bonds to support various renewable energy projects. The 5-year note has a coupon rate of 4.75 per cent per annum to be paid semi-annually and the maturity date of September 27, 2029.
As part of the partnership, SBI will offer solar financing through loans up to Rs 10 crore for solar projects under its Surya Shakti Solar Finance Scheme across India, Solex Energy said in a statement. "The collaboration aims to make solar energy accessible, affordable, and a driving force for India''s renewable energy future.
The central theme of RE-INVEST 2024 is Mission 500 GW, which underscores India''s strategic goal to expand its renewable energy capacity significantly by 2030. As the 4th largest country globally in installed renewable energy capacity, India aims to further consolidate its leadership in the global energy transition.
Global renewable energy firms surpassed domestic firms on R&D intensity and proportion of PhD employees by 2.5x and 4.0x respectively (Illustration: Ajay Mohanty) ICC T20 World Cup 2024 Business Standard at 50 IPO News October Full Moon Day 2024 Haryana Elections Results 2024 ICC Women''s T20 World Cup 2024;
BC Jindal Group, which is active in the steel pipe manufacturing sector, on Thursday announced its foray into the renewable energy sector, with an ambitious investment plan of $2.5 billion. Maharashtra Elections 2024 Business Standard at 50 IPO News Web Stories Jharkhand Elections Results 2024 US Election 2024;
Tenders for renewable projects, a useful leading indicator, showed 70 GW of announcements and 33 GW of awards in the first half of the year alone, according to S&P Global Commodity Insights. Projects already in train would bring the total to 430 GW, renewable energy minister Pralhad Joshi told parliament in August.
He further said to meet the renewable purchase obligation (RPO) target of 43 per cent by 2030, the renewable energy capacity should more than double to 440 GW from the current level of 200 GW. The government''s target is to have 500 gigawatt of installed renewable energy capacity by 2030.
The survey also stated that India''s green transition is more likely to significantly impact job opportunities in the renewable energy sector. "... By 2030, clean energy initiatives can potentially create about 3.4 million jobs (short and long-term) by installing 238 GW of solar and 101 GW of new wind capacity to achieve the 500 GW non-fossil electricity generation
Infra lender REC signs renewable energy agreements worth $13.4 billion (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) Maharashtra Elections 2024 Business Standard at 50 IPO News Business Standard BFSI Summit 2024
The Ministry of New and Renewable Energy (MNRE) has received its highest-ever budgetary allocation of Rs 19,100 crore, almost double the allocation in 2023-24, with an eye on recently announced PM Surya Ghar
Renewable energy in India: The good, the bad, and the action needed See how much of your state''s energy consumption is from renewables in today''s analysis. ICC T20 World Cup 2024 Business Standard at 50 IPO News October Full Moon Day 2024 Haryana Elections Results 2024 ICC Women''s T20 World Cup 2024;
Here is the list of deals reported so far on June 25: Issuer Tenure Coupon (in per cent) Issue size (in Bidding Rating bln rupees)* date Tata Power 5 years 7.93 3.5 June 25 AA+ (India Renewable Energy Ratings) Tata Power 10 years 7.93 3.5 June 25 AA+ (India Renewable Energy Ratings) 3 year and 6 8.42 5 June 25 AA (Crisil) Godrej Industries
Observing that the outlook for renewable energy in 2024 is positive, Rahul Munjal, Co-Chairman of CII Renewable Energy Council, said there is an expectation of continued investment and technological advancements, particularly in areas of renewable energy and battery storage. Munjal is also the Chairman and Managing Director of Hero Future Energies.
3 · Apollo''s green energy arm is a renewable energy solutions provider in the Engineering, Procurement, and Construction (EPC) sector. It focuses on large-scale solar, energy storage, and emerging green hydrogen initiatives. Maharashtra Elections 2024 Business Standard at 50 IPO News Afcons Infrastructure shares Jharkhand Elections Results
3 · The fundraising plan come amid a boom in Indian IPOs and the government''s focus on clean energy as the country looks to add 500 gigawatt of renewable energy by 2030, up from 154 GW currently. India''s stock market
With a strategic focus on solar power, the state is playing a crucial role in helping India achieve its ambitious renewable energy targets, contributing significantly to the national goal of 500 GW of renewable energy capacity by 2030. Gujarat''s expansive solar initiatives are setting the standard for the rest of the country.
3 · The fundraising plan come amid a boom in Indian IPOs and the government''s focus on clean energy as the country looks to add 500 gigawatt of renewable energy by 2030, up from 154 GW currently. India''s stock market scaled record highs until September this year.
Union Budget 2024-25: Here''re key challenges in renewable energy sector Local manufacturing (wind, solar) to be scaled up to compete with global majors on quality, price. ICC T20 World Cup 2024 Business Standard at 50 IPO News Jammu Kashmir Elections 2024 Haryana Elections 2024 ICC Women''s T20 World Cup 2024;
NLC India Green Energy Limited (NIGEL), a wholly-owned subsidiary of NLCIL, is established with special focus on renewable energy generation, an official statement said on Friday. "NLCIL aims to achieve a renewable energy (RE) portfolio mix of 50 per cent of its total planned capacity, increasing its RE capacity from 1.43 GW to 10.11 GW.
JSW Energy on Thursday said its arm received a letter of award from Solar Energy Corporation of India (SECI) for supply of 230 MW of power from its renewable energy project.
Jindal Renewables is working on nearly 3 Gw of renewable energy projects in India, with power off-take agreements already in place. The company plans to expand to around 12 Gw by 2030, including energy storage and green hydrogen production, aiming to be one of the country''s key players in decarbonisation, according to the statement.
Renewable Energy Hiring: The renewable energy sector has experienced a remarkable surge in jobs, with a staggering 23.7 per cent increase in FY24, compared to 8.5 per cent in FY23 Maharashtra Elections 2024 Business Standard at 50 IPO News Afcons Infrastructure shares Jharkhand Elections Results 2024 US Election 2024;
While coal and gas-based power generation experienced reductions of 5 per cent and 15 per cent, respectively, hydro, nuclear, and renewable energy sources saw a rise. Hydro generation increased by 40 per cent, nuclear by 9 per cent, and renewable energy by 7 per cent, compared to last year.
Replying to a debate in Rajya Sabha on demands for grants related to the Ministry of New and Renewable Energy, Joshi highlighted that India now ranks fourth globally in renewable energy capacity, with significant advancements in solar and wind power. "I am proud to share that today, India has achieved 4th position globally in RE Installed Capacity.
Tata Power, which currently has 5 GW renewable energy capacity in large projects, will add another 5 GW capacity in the next one to two years and expand that to more than 20 GW by 2030, Sinha said. ICC T20 World Cup 2024 Business Standard at 50 IPO News October Full Moon Day 2024 Haryana Elections Results 2024 ICC Women''s T20 World Cup
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On the occasion of the World Environment Day, a report on Wednesday revealed that in India the job demand in the renewable energy sector witnessed a growth of 23.7 per cent during 2023-24, accompanied by a consistent decline in attrition rates.
"The installed capacity of renewable energy in Gujarat is over 50,000 megawatts, with renewable energy contributing 54 per cent to the state''s energy capacity. Gujarat leads the country in solar power installation," he said.
Renewable energy in india: As the share of renewable energy (RE) increases in the country''s energy mix, it is expected that the dependency on coal will decline. ICC T20 World Cup 2024 Business Standard at 50 IPO News October Full Moon Day 2024 Haryana Elections Results 2024 ICC Women''s T20 World Cup 2024;
Renewable energy sources are set to meet nearly half of all electricity demand by the end of the decade, but to fall short of a UN goal to triple capacity to reduce carbon emissions, an International Energy Agency (IEA) report showed on Wednesday. The world is set to add more than 5,500 gigawatts
2 · Shares of Waaree Renewable Technologies locked in a 5 per cent upper circuit at Rs 1734.75 a piece on Wednesday Waaree generates power from renewable energy sources and provides consultancy services in the solar energy sector. Maharashtra Elections 2024 Business Standard at 50 IPO News Business Standard BFSI Summit 2024 Jharkhand
CRISIL analysis: India powering ahead on renewable energy targets In generation terms, this would mean a 46 per cent penetration for renewable fuels. Srivatsan Iyer, Global CEO, Hero Future Energies Watch Today Muhurat Trading Android 16 Release Word of the Year 2024 Gold-Silver Price Today Chandrayaan-4 Mission Latest News LIVE IPO News
Infrastructure investment trust India Grid Trust on Friday said it has completed the acquisition of Virescent Renewable Energy Trust (VRET). India Grid Trust said the enterprise value is not exceeding Rs 4,000 crore, subject to all other closing adjustments as specified in the definitive documents.
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