In order to reduce import dependence with regard to power and renewable energy equipment and to promote the Atmanirbhar Bharat initiative, a “Scheme for Setting up Manufacturing Zones for Power and Renewable Energy Equipment” has been proposed.
India's largest oil firm IOC will build the nation's first 'green hydrogen' plant at its Mathura refinery, as it aims to prepare for a future catering to the growing demand for both oil and cleaner forms of energy.
Indian Oil Corporation (IOC) has drawn a strategic growth path that aims to maintain focus on its core refining and fuel marketing businesses while making bigger inroads into petrochemicals, hydrogen and electric mobility over the next 10 years, its chairman Shrikant Madhav Vaidya said.
NTPC Renewable Energy Ltd. (NTPC REL), a 100% subsidiary of NTPC, has emerged winner at the Rewa Ultra Mega Solar Limited (RUMSL) auction for a 450 MW of solar projects at the Shajapur Solar Park in Madhya Pradesh (M.P).
NTPC Renewables won a capacity of 105 MW & 220 MW quoting the lowest tariff of ₹2.35 per kWh, and ₹2.33 per kWh respectively. The tender received overwhelming response from the bidders with a total of 15 bidders being shortlisted .
Even as the Central Electricity Regulatory Commission (CERC) allowed Delhi’s power distribution company BSES to approach the Union power ministry for de-allocating 621 mega-watt (MW) of electricity supply from NTPC’s Dadri-I generating station earlier in the month, the Reliance Infrastructure-led company said on Tuesday that BSES discoms have inked power sale agreements (PSA) with the Solar Energy Corporation of India (SECI) to procure 510 MW of solar and bundled hybrid power.
The company is looking to add another 3-3.5 GW capacity in the next four-to-five years
Vikram Solar, which inaugurated its 1.3 GW module manufacturing facility in Tamil Nadu on Tuesday, is looking to add another 3-3.5 GW capacity in the next four-to-five years at an estimated investment of close to ₹5,000 crore.
Vikram Solar currently has a total installed capacity of 1.2 GW of solar modules at Falta in West Bengal.
India’s leading rooftop solutions company, MYSUN, has tied up to raise Rs 15 crore in debt funding from TATA Cleantech Capital Ltd (TCCL), a joint venture between Tata Capital Limited (‘TCL’) and International Finance Corporation (‘IFC’), Washington DC, US.
The company had recently launched its solar asset vehicle MYSUN+ to develop solar projects under the distributed and open access models with an investment of Rs 600 Crores in the first phase. This term loan will be used to fund the existing projects of MYSUN+ and credit line will be used to develop its pipeline projects.
Four months from now, all eyes will be on world leaders slated to meet in Glasgow to discuss measures to combat climate change. The 2021 United Nations Climate Change Conference, known as COP26, is anticipated to be the most important meeting to battle rising temperatures, floods, hurricanes, tornadoes, droughts, wildfires and other catastrophic events.
