India to Contribute 20% of the Global Renewables Deployment Target for 2030: BRICS Report
The latest BRICS Energy Technology Report 2021 states that India will account for one-fifth (20%) of the global renewable energy deployment target for 2030. Solar and wind power generation has been ...
Energy Data and Analytics Provider Kevala Secures $21 Million in Series A Funding
Kevala, a U.S.-based energy data and analytics provider, said it secured $21 million in Series A funding. C5 Impact Partners LP and Thin Line Capital led the funding round. Chairman of Sunpower Corporation Tom ...
Global Climate-Aligned Bond Issuance Reached $913.2 Billion in 2020: Report
In 2020, 420 climate-aligned issuers issued climate bonds of $913.2 billion, Climate Bonds Initiative, a London-based non-profit research organization, said in its latest report. The climate-aligned market is around half of ...
Tata Power to Install a 10 MW Captive Solar Project for CEAT Tyres
CEAT, a multinational tyre manufacturing company, has engaged Tata Power to develop a 10 MW captive solar project at Tata Power’s Solapur site in Maharashtra. CEAT will procure electricity from ...
Regulator Approves Tariff of ₹7.45/kWh for a Waste-to-Energy Project in Maharashtra
The Maharashtra State Electricity Regulatory Commission (MERC) has set a revised tariff of ₹7.45(~$0.10)/kWh to procure power from the waste-to-energy project based on a municipal solid waste processing unit (750 ...
No New Coal-Fired Projects for Tata Power as it Aims for Carbon Neutrality by 2050
Indian power utility Tata Power aims to phase out its coal-based capacity and enhance its clean and green capacity to around 80% by 2030 from its current green portfolio of 31% ...
Fraunhofer ISE Sets 68.9% Efficiency Record for Photovoltaic Cell Under Laser Light
At the 48th IEEE Photovoltaic Specialists Conference, researchers from Germany’s Fraunhofer Institute for Solar Energy System (ISE) demonstrated how they have obtained a record conversion efficiency of 68.9% with a photovoltaic ...
Defer Bids Until Power Sale Agreements Backlog is Cleared – Solar Developers to Minister
The Solar Power Developers Association (SPDA) has written to Union Power Minister R.K. Singh asking to stop new auction activity for solar projects until the backlog of power sale agreements ...
Adani Green to Acquire a 75 MW Solar Project from Sterling and Wilson
Adani Green Energy Limited (AGEL) has announced that it will acquire 75 MW of operational solar assets in Telangana from Sterling and Wilson, a Shapoorji Pallonji Group subsidiary, for ₹4.46 ...
Adani Receives Letter of Award for 300 MW Wind Power Projects
Adani Green Energy Holding Fifteen Limited, a subsidiary of Adani Green Energy Limited (AGEL), announced that it received a letter of award for a 300 MW wind energy project. Adani ...
SECI Payouts to Solar, Wind Developers Stood at ₹4.25 Billion in January 2021
The Solar Energy Corporation of India (SECI) paid about ₹4.25 billion (~$58.6 million) to solar and wind developers in January 2021, according to data released by the agency. These expenses ...
Lowest Tariff of ₹2.77/kWh Quoted in SECI’s 1.2 GW Wind Auction
Adani Renewable Energy, Ayana Renewable Power, Evergreen Power, and JSW Future Energy won 1.2 GW of wind power projects in the Solar Energy Corporation of India’s (SECI) auction to select ...
Haryana Budget Includes Solar Projects, Lights, Pumps, and EV Announcements
Haryana Chief Minister Manohar Lal announced the budget for 2021-22. Provisions were made to set up 93 MW of solar projects, among other renewable and e-mobility plans. The Haryana Power ...
REC Market Counting on RPO Compliance Deadline Extension Amidst Trading Halt
As the power market awaits the end of an over seven-month halt in the trading of renewable energy certificates (REC), stakeholders remain hopeful of a deadline extension from their respective ...
Distributed Solar Company Fourth Partner Enters JV With Indonesian Energy Company
Distributed solar company, Fourth Partner Energy, has announced a joint venture (JV) - Empat Mitra Indika Tenaga Surya – with Indonesia-based energy company Indika Energy to speed up renewable energy transition ...
Karnataka’s Renewable Energy Policy for 2021-2026 Aims at Adding 2 GW of Rooftop Solar
Karnataka Renewable Energy Development Limited (KREDL) has issued the ‘Draft Karnataka Renewable Energy Policy 2021-2026” aimed at developing 20 GW of renewable energy projects with and without energy storage. According ...
JSW Announces Sustainability, Renewable Energy Generation Roadmap
Mumbai-based power producer JSW Energy announced plans to double its power generation portfolio with renewable and hydropower-based generation sources contributing to 70% of its total capacity in the medium term ...
Torrent Power Posts Decline in Revenue, Net Profit in Third Quarter of FY 2020
Gujarat-based power generation company Torrent Power reported a slight decline in its revenue in the third quarter (Q3) of the financial year 2020 (FY 2020) to ₹29.53 (~$405.3 million) billion, down 4.3% ...
Haryana Sets Levelized Tariff of ₹2.48/kWh for Amplus Sun’s 50 MW of Solar Projects
The Haryana Electricity Regulatory Commission (HERC) has approved a tariff of ₹2.48 (~$0.034)/kWh for 50 MW of Amplus Sun Solutions' solar power projects in Bhiwani, Haryana, after re-examining the capital ...
Solar Energy to Equal Coal’s Share in India’s Power Mix by 2040: IEA
India is expected to see the largest increase in energy demand globally over the next two decades and will overtake European Union as the third-largest energy consumer by 2030, the ...
NTPC To Add 16.5 GW of Renewables Between 2022-2027: RK Singh
NTPC Limited has installed 1,083 MW of solar, wind, and small hydropower projects and plans to add 16.5 GW of renewables between 2022-27, Union Power Minister R.K. Singh said in ...
Solar Generation in Q4 2020 9% Higher from Previous Quarter, Up 26% Annually
In Q4 2020, the country generated about 14.2 billion units (BU) of solar power compared to 12.9 BU in the previous quarter. The data showed that solar generation was returning ...
Molten Salt Metal-Air Battery Can Extend the Range of Electric Vehicles
A team of researchers from the University of Nottingham, in collaboration with six research institutes of China, has designed a new rechargeable battery using salt as a key ingredient to ...
SECI Seeks Consultants for a 100 MW Solar Project with Battery Energy Storage System
The Solar Energy Corporation India (SECI) has floated a global tender for consultancy services for a 100 MW (AC) solar project along with a 40 MW/120 MWh battery energy storage ...
Outlook for Energy Storage in 2021
As renewable installations in the country rise, it is crucial to ensure adequate energy storage solutions are in place to support renewables integration into the power mix. While the Indian government ...
