Renewable Energy

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BJP, Congress Bet Big on Renewables in 2024 Election Manifestos

Ahead of the seven-phase elections to the Lok Sabha, India’s lower house of Parliament, starting April 17, 2024, the two major political parties in the fray have...

April 15, 2024

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B.S. Nagaraj

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Other

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Renewable Energy
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REC Records Six-Fold Jump in Renewable Energy Loan Approvals in FY24

Public infrastructure finance company REC Limited recorded its highest-ever loan approvals totaling ₹3.58 trillion (~$43.02 billion) in the financial year (FY) 2023-24,...

April 10, 2024

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Arjun Joshi

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Finance and M&A

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Renewable Energy
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SJVN Green Forms JV with Assam DISCOM to Develop Renewable Projects

SJVN Green Energy (SGEL), a wholly owned subsidiary of SJVN, has signed a joint venture and shareholders agreement with Assam Power Distribution Company (APDCL) to...

April 10, 2024

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Satish Shetty

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Markets & Policy

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Other

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Renewable Energy
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EU Launches Anti-Subsidy Probes into Chinese Solar Firms

The European Commission has launched two in-depth investigations into Chinese solar component manufacturers who may have benefited from state subsidies to win a bid to...

April 8, 2024

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B.S. Nagaraj

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Other

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Renewable Energy
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Telangana Allows Green Open Access for Consumers with 100 kW Load

Consumers with a contracted or sanctioned load of 100 kW and above, including those combining multiple connections to reach 100 kW within the same electricity division...

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IEX Trades 3.2 BU of Renewable Energy During FY 2024, Down 38%

The Indian Energy Exchange (IEX) traded 3,227 million units (MU) of renewable energy during the financial year (FY) 2024, a 38% year-over-year (YoY) decrease compared to...

April 4, 2024

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Arjun Joshi

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Other

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Renewable Energy
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IOC Floats Tender for 10 KTA Green Hydrogen Unit at Panipat Facility

Indian Oil Corporation (IOC) has issued a tender for a green hydrogen generation unit (GHGU) of 10 KTA capacity on a build-own-operate (BOO) basis at its Panipat...

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China Takes on US in WTO Over IRA Subsidies for Clean Energy and EVs

China has formally petitioned the World Trade Organization (WTO) for dispute consultations with the U.S. regarding certain tax credits under the country’s Inflation...

April 2, 2024

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B.S. Nagaraj

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Other

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Renewable Energy
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IREDA Loan Approvals and Disbursements Reach Record High in FY 2024

Government-owned lender Indian Renewable Energy Development Agency (IREDA) approved loans amounting to ₹373.54 billion (~$4.48 billion) and disbursed ₹250.89 billion...

April 2, 2024

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Satish Shetty

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Other

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Renewable Energy
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IndiGrid’s First Greenfield Project to Evacuate 1 GW Renewable Energy in Maharashtra

Power sector infrastructure investment trust IndiGrid has operationalized its first greenfield project, Kallam Transmission, in Beed, Maharashtra. The project will...

April 2, 2024

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Staff

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Other

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Renewable Energy
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Australia to Launch AUD$1 Billion Program to Boost Domestic Solar Manufacturing

The Australian Renewable Energy Agency (ARENA) has unveiled a significant initiative with AUD$1 billion (~$651.2 million) investment aimed at enhancing domestic solar...

April 2, 2024

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Gautamee Hazarika

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Other

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Renewable Energy
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Month in a Minute: Top Headlines from Indian Renewable Sector in March 2024

The Ministry of New and Renewable Energy (MNRE) has notified the implementation of the Approved List of Models and Manufacturers (ALMM) regulation effective April 1,...

April 1, 2024

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Gautamee Hazarika

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Other

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Renewable Energy
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NTPC REL, NHPC Secure $231 Million Loan from JBIC For Renewable Projects

The Japan Bank for International Cooperation (JBIC) has entered into strategic loan agreements with NTPC Renewable Energy and NHPC to help develop renewable energy...

March 29, 2024

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Arjun Joshi

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Finance and M&A

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Renewable Energy
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IREDA Board Approves ₹242 Billion Borrowing Program for FY 2024-25

The government-owned lender Indian Renewable Energy Development Agency’s (IREDA) Board, in its recent deliberation, has approved a borrowing program totaling up to ₹242...

March 29, 2024

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Gautamee Hazarika

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Other

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Renewable Energy
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Axis, ReNew, Juniper, Serentica, TPREL Win NTPC’s 3 GW FDRE-II Auction

ABC Cleantech (Axis Energy), Juniper Green Energy, Serentica Renewables India 11 (Serentica Renewables), Tata Power Renewable Energy, and ReNew Solar Power (ReNew) won...

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