Renewables to be the Primary Source of Energy by 2040 Surpassing Coal: BP Energy Outlook
Renewable energy is the fastest growing source of energy, accounting for around half of the increase in energy and is set to penetrate the global energy system more quickly than ...
Bombay Stock Exchange Launches Exclusive Trading Platform for Green Bonds
India now has its own green bond trading platform. The Bombay Stock Exchange (BSE)’s international arm, India International Exchange (India INX), recently announced its exclusive green listing and trading platform ...
CERC Dismisses Adani Green’s Petition Against Power Grid Corporation
The Central Electricity Regulatory Commission has announced its ruling in a case that involved Adani Green Energy Limited (AGEL) and Power Grid Corporation Limited (PGCIL). The case was about three ...
Indian Navy Pledges 1.5% of its Works Budget Towards Renewable Energy Generation
After the Indian Armed Forces, the Indian Navy has also joined in the country’s efforts to go green. To this end, the Indian Navy has pledged 1.5% of its entire ...
CERC Orders Tariff Settlement for a 1.5 GW Hydro Project in Himachal Pradesh
The Central Electricity Regulatory Commission(CERC) has settled a dispute regarding the tariff determination of a hydro project in Himachal Pradesh. The CERC was hearing a petition filed by Sutlej Jal ...
Co-Generation Projects in Maharashtra Can Fulfil Their RPO by March 2020
Fossil fuel-based co-generation projects in Maharashtra have got time up until March 2020 to fulfill their renewable purchase obligation (RPO) targets. The Maharashtra Electricity Regulatory Commission (MERC) provided this relief ...
Singapore’s United Overseas Bank Says No to Coal Lending
In a decision taken at its annual general meeting held recently, the United Overseas Bank (UOB), Southeast Asia's third-largest finance group and Singapore’s third largest bank, has said that it ...
IEX Introduces Green Term Ahead Market, Invites Comments from Stakeholders
The Central Electricity Regulatory Commission (CERC) has ordered the Indian Energy Exchange (IEX) to give wide publicity to Green Term Ahead Market (GTAM) contracts by uploading it on its website ...
In India, Investment in Renewables Surpassed Fossil Fuels During 2018
Global investment in the renewable energy sector has gone up by 55% since 2010, according to the World Investment Report 2019 released by the International Energy Agency (IEA). The report ...
Tata Power DISCOM Issues Tender for 100 MW of Non-Solar Power to Meet its RPO
Tata Power Delhi Distribution Limited (TPDDL) has issued a Request for Proposal (RfP) for the procurement of renewable power (non-solar) on a short-term power purchase agreement. The last date for ...
Renewables to be ‘Must Run’ in the Draft Tariff Guidelines for Goa, Union Territories
The Joint Electricity Regulatory Commission (JERC) for the state of Goa and union territories has issued draft regulations for determining tariffs from renewable sources including solar. The draft is up ...
Egypt Set to Open its Renewable Energy Market to Private Producers
The government of Egypt is in the process of finalizing regulations about the production and sale of electricity from new private renewable power projects directly to consumers by September 2019 ...
Orient Green Power to Divest 57% Shares in its Biomass Subsidiaries
Orient Green Power Company Limited (OGPL) has decided to disinvest its entire holding of 918,954 equity shares, aggregating 57.92%, held in Sanjog Sugars and Eco-Power (Biomass subsidiary) in favor of ...
World Bank to Assist in Sustainable Extraction of Minerals for Wind, Solar Projects
To realize a lower-carbon future, there will be a substantial increase in demand for several key strategic minerals and metals to manufacture cleaner energy technologies. Keeping this in perspective, the World ...
Piramal Joins Hands with Canadian Pension Plan for a $600 Million Renewable Energy Trust
Armed with an initial corpus of $600 million (~₹41.6 billion), the newly-formed Infrastructure Investment Trust (InvIT) would seek to acquire between 1.5-2 GW of stable and cash generating renewables assets ...
Global Renewable Energy Capacity Additions Stalled in 2018 While CO2 Emissions Rose
The growth in capacity addition of renewable energy sources has stalled, says a report by the International Energy Agency (IEA). According to the report, the year 2018 was the first ...
Is Inclusion of Large Hydro Power in India’s Renewable Mix a Good Move?
Large hydro power (LHP) projects are back in the limelight in India, thanks to the recent notification by the Ministry of Power in which such projects were reclassified as renewables ...
CERC Extends Validity of RECs Due to Expire between April and October 2019
Providing relief to renewable energy generators of both solar and non-solar projects who are a part of the renewable energy certificate (REC) mechanism, the Central Electricity Regulatory Commission (CERC) has ...
ADB Announces $100 Million Assistance to Support Renewable Projects in the Pacific
As a part of its ongoing Pacific Renewable Energy Program, the Asian Development Bank (ADB) has approved an umbrella facility of up to $100 million to provide financing support including ...
In Bihar, DISCOMs Penalized for Not Fulfilling RPO Shortfall
Recently, the Bihar State Power Holding Company Ltd. (BSPHCL) wrote to the state’s electricity commission BERC seeking its approval to carry forward the shortfall in the renewable purchase obligations (RPO) ...
ASSOCHAM and REPA Join Hands to Expand Renewable Energy
The Associated Chambers of Commerce & Industry of India (ASSOCHAM) has inked a Memorandum of Understanding (MoU) with the Renewable Energy Promotion Association (REPA) in New Delhi for mutual collaboration ...
Tata Power Decides to Pull the Plug on Coal-Based Power: Report
In a surprise move, Tata Power, one of India’s largest power producer, has announced that it will not build any new coal-fired power project in the future and majority of ...
South Korea Aims for 35% Renewable Energy Generation Capacity by 2040
South Korea aims to harness more of renewable energy generating sources as it looks towards a cleaner future. A Reuters report has cited a government policy draft that says that ...
Renewable Energy Generators Approach Delhi High Court over Levy of GST on RECs
After paying GST of 12% on renewable energy certificates (RECs), renewable energy project developers who are part of the REC mechanism have approached the Delhi High Court to provide relief ...
CERC Asks National Load Despatch Centre to Issue RECs for Commissioned Renewable Projects
The Central Electricity Regulatory Commission (CERC) has ordered the national load despatch centre (NLDC) to issue renewable energy certificates (RECs) for a small hydro project of capacity 10 MW and ...
