Green Hydrogen Production Facility Worth $5 Billion to Come Up in Saudi Arabia’s NEOM
Air Products, in collaboration with ACWA Power and NEOM, announced the signing of an agreement to develop a $5 billion (~₹372.7 billion) green hydrogen-based ammonia production facility powered by renewable ...
IEX’s New Real-Time Power Market Sees Over 515 Million Units of Trading Volume in June
The Indian Energy Exchange (IEX) announced that its new real-time electricity trading platform had enabled a trading volume of 515.46 million units (MUs) of power in June 2020, its first ...
Tata Power to Set Up Infrastructure Investment Fund to Bolster Its Renewable Business
Tata Power announced that its board of directors had given its in-principle approval for setting up an infrastructure investment fund (InvIT) for the company’s renewable business. The Mumbai-based power electric ...
REC Limited Disbursed ₹5.24 Billion in Loans to Renewable Energy Sector in FY2020
REC Limited has reported a 15.2% fall in its net profit during the financial year (FY) ending March 31, 2020, attributing it to market volatility as a result of the ...
NITI Aayog Introduces New Program to Decarbonize India’s Transport System
The National Institute of Transforming India (NITI) Aayog and the International Transport Forum (ITF) of Organization for Economic Co-operation and Development (OECD), have jointly launched a project aimed at decarbonizing ...
CERC Announces New Tariff Regulations for Renewable Energy Projects
The Central Electricity Regulatory Commission (CERC) has come up with tariff regulations for renewable energy projects. These regulations will come into force from July 01, 2020, and will be valid ...
Infosys Signs Climate Pledge to Become Carbon Neutral by 2040
Infosys, an Indian information technology company, has signed up for ‘The Climate Pledge,’ committing to achieve net-zero carbon emissions across its businesses by 2040, according to a statement from U.S.-based ...
RK Singh Addresses Renewable Industry Stakeholders, Emphasizes on Self-Reliance
The Union Power Minister, RK Singh, recently interacted with developers of generation and transmission projects in the power and renewable sectors. The minister reiterated the need for ‘Aatmanirbhar Bharat’ to ...
MNRE Releases Details for the Development of Ultra-Mega Renewable Energy Power Parks
The Ministry of New and Renewable Energy (MNRE) has modified its guidelines for the development of solar parks and ultra-mega solar power projects. The program was initiated in December 2014 ...
MNRE to Set Up a Project Development Cell to Attract Investment in Renewables
The Ministry of New and Renewable Energy (MNRE) has issued an order for setting up a Project Development Cell (PDC) within the Ministry as per the central government’s specifications. The ...
Supreme Court Dismisses Appeal for Stay Order on CERC’s Proposal to Revise REC Prices
The Supreme Court of India has dismissed an appeal by the Green Energy Association (GEA) seeking a stay order on the Central Electricity Regulatory Commission’s (CERC) order to reduce the ...
The United States Announces Tax Relief for Renewable Installers
In the wake of the coronavirus (COVID-19) outbreak, the Treasury Department and the Internal Revenue Service (IRS) of the United States of America, have announced tax relief for taxpayers who ...
SECI Calls Stakeholder Meeting to Discuss the Structure of Future Renewable Energy Bids
The Solar energy Corporation of India (SECI) is organizing a stakeholder meeting to discuss the need to generate flexible and firm renewable energy with high plant load factor (PLF). The ...
India Overtakes Japan as the Fifth Largest Hydropower Generator in the World: IHA Report
The International Hydropower Association (IHA) has released its 2020 Hydropower Status Report, which notes that India overtook Japan as the fifth largest hydropower generator in the world with an installed ...
Building Energy and Inspired Evolution Launch JV for Renewables in Africa and the Middle East
Building Energy, an Italian renewable company, in partnership with Inspired Evolution, has successfully closed the buy-out of its African and Middle East business and launched Red Rocket, an independent power producer ...
India and Denmark Sign Pact to Work Towards Renewable Capacity Expansion
The Danish Energy Agency has announced that India’s Ministry of Power (MoP) and the Danish Ministry of Climate, Energy, and Utilities, have signed a memorandum of understanding (MoU) to help India work ...
Dubai’s Renewable Energy Share in its Power Mix Exceeds Target
The Dubai Electricity and Water Authority (DEWA) has announced that the share of renewable energy in Dubai’s Energy mix has increased to nearly 9%. This exceeds the target set in ...
Germany to Help Southern India Evaluate Optimal Power Balancing for Renewables
Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ), a Germany-based development agency, has appointed research group DNV GL to conduct a study in the southern region of India. According to DNV GL, ...
CERC Postpones New Deviation Settlement Regulations Again Amid COVID-19
The Central Electricity Regulatory Commission (CERC) has once again rescheduled the implementation of the fifth amendment to the deviation settlement mechanism regulations (DSM). The earlier date for its implementation was ...
Power Ledger to Help Thailand Increase Digital Renewable Business Through Blockchain
Australia’s Power Ledger, a blockchain-based renewable energy trader, has announced a partnership with Thai Digital Energy Development (TDED) to create a blockchain-based digital energy business developing peer-to-peer (P2P) energy trading ...
New Generic Tariffs Announced for Renewable Projects in Goa and Union Territories
The Joint Electricity Regulatory Commission (JERC) has announced generic tariffs for solar, wind, and small hydro projects. The JERC has jurisdiction over the state of Goa, and union territories of ...
ONGC and NTPC to Set up a Joint Venture for Developing Renewable Projects
The Oil and Natural Gas Corporation (ONGC) has announced its plans to set up a renewable joint venture (JV) company with NTPC Limited, and it has signed a memorandum of ...
Renewable Energy Generation More Resilient to COVID-19 Challenges than Others: Report
The International Energy Agency (IEA) has said that global renewable installations might fall for the first time in 20 years due to the ongoing coronavirus crisis. Still, it can pick ...
India is Making Consistent & Measurable Progress in Energy Transition Since 6 Years: WEF
The World Economic Forum (WEF) has released its Energy Transition Index (ETI) report for 2020, which sheds light on the energy system performance and clean energy transition readiness of 115 ...
Mizoram Extends Deadline for Short-Term Supply of Non-Solar Renewable Power
The Power and Electricity Department of Mizoram (PEDM) has extended the date to submit bids for the short-term sale of surplus non-solar renewable power. The deadline has been extended to ...
