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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 Global Renewable Energy Capacity Additions Falling Short of Target: IRENA

Achieving the target set at COP28 in Dubai last year of tripling renewable energy capacity by 2030 is contingent on global determination, policy support, and investment...

March 22, 2024

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Mercom Staff

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Markets & Policy

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Renewable Energy
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Europe’s Grids Underestimate Wind and Solar Potential: Report

Integrating renewable energy sources in Europe’s energy landscape is crucial to achieving sustainability and combating climate change. However, a recent report by...

March 22, 2024

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Gautamee Hazarika

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Other

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Renewable Energy
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Grasim Secures ₹12.5 Billion Investment from IFC for Decarbonization Initiatives

Grasim Industries, an Aditya Birla Group company, has announced an investment of ₹12.5 billion (~$150.3 million) from the International Finance Corporation (IFC), the...

March 21, 2024

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Gautamee Hazarika

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Other

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Renewable Energy
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MNRE Allocates ₹44.4 Billion for Electrolyzer Manufacturing Under SIGHT II Program

The Ministry of New and Renewable Energy (MNRE) has set aside ₹44.4 billion (~$535.6 million) to incentivize manufacturing of electrolyzers to reduce costs for hydrogen...

March 18, 2024

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Staff

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Renewable Energy
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Ministry Launches Third Tranche of Auction for Seven Critical Mineral Blocks

The Ministry of Mines has unveiled the third tranche of e-auction for critical and strategic minerals. The auction will grant concessions for seven critical mineral...

March 15, 2024

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Gautamee Hazarika

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Other

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Renewable Energy
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SECI Releases ₹1.73 Billion Subsidy Under Solar Park Program in January 2024

The Solar Energy Corporation of India (SECI) paid solar and wind power producers ₹9.39 billion (~$113.3 million) for the energy purchased in January 2024. Disbursements...

March 15, 2024

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Arjun Joshi

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Other

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Renewable Energy
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Uttar Pradesh Targets 1 Million Metric Tons of Green Hydrogen a Year by 2028

The Uttar Pradesh government aims to produce one million metric tons of green hydrogen annually by 2028 to replace the grey hydrogen used in its fertilizer and refinery...

March 14, 2024

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Staff

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Renewable Energy
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Avaana Capital Secures $24.5 Million from GCF to Foster Climate Innovation in India

Avaana Capital, a climate-technology investor, has received an investment of $120 million, including $24.5 million from  the Green Climate Fund (GCF), in the “...

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In Clean Energy Push, Odisha Approves Project Proposals Worth ₹557 Billion

The Odisha government has given the green light to a number of green energy projects with a promised investment of roughly ₹557 billion (~$6.7 billion). Among the...

March 13, 2024

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Gautamee Hazarika

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Other

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Renewable Energy
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Ballard Power Systems’s Loss Up 77% to $48.9 Million

Fuel cell manufacturer Ballard Power Systems has reported a net loss of $48.9 million in the fourth quarter (Q4) of 2023, an increase of 77.17% year-over-year (YoY) from...

March 13, 2024

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Gautamee Hazarika

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Other

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Renewable Energy
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Indian Coal Sector Targets 9 GW Renewable Energy Capacity by 2030

The Ministry of Coal, under its net-zero electricity consumption plan for coal/lignite public sector undertakings, has set a renewable energy target of 9 GW in the coal...

March 12, 2024

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Satish Shetty

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Other

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Renewable Energy
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Haryana Targets 250 KTPA Green Hydrogen, 2 GW Electolyzer Production by 2030

The New and Renewable Energy Department of Haryana has proposed the draft “Haryana Green Hydrogen Policy 2024,” aligning with the Government of India’s...

March 12, 2024

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Gautamee Hazarika

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Other

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Renewable Energy
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Maharashtra Approves Nidar Utilities’ 3 MW RTC Renewable Power Procurement

The Maharashtra Electricity Regulatory Commission (MERC) has approved a short-term power purchase for 3 MW of non-solar, non-wind power on a round-the-clock (RTC) basis...

March 12, 2024

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Arjun Joshi

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Markets & Policy

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Other

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Renewable Energy
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DISCOMs Owed Power Generators ₹921 Billion in February 2024

State distribution companies (DISCOMs) owed power generators ₹920.88 billion (~$11.12 billion) in total dues for the monthly billing cycle in February 2024, according to...

March 11, 2024

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Arjun Joshi

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Other

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Renewable Energy

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