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AIIB Endows $100 Million to L&T Finance arm for Green Energy Funding

LTIF’s association with AIIB will also help the company develop its environmental and social capabilities which will in the future enable it to tap the international market for green finance, the bank said

Business | 15/07/2019 | By Moulin

Government to Compensate Consumers for Load Shedding: R K Singh

The government intends to provide ’24X7 Power to All’ at affordable rates. Therefore, there would be a provision in the tariff to cap transmission and distribution losses. Once the tariff policy is approved, the distribution companies would not be allowed to pass on these losses beyond 15 percent

Policies & Regulations | 15/07/2019 | By Moulin

India’s RE Investments Surged by 10 percent,stands at $5.9 Billion in 1st Half of 2019

The jump in investments in solar and wind energy projects in India came even as the global renewable energy investments dropped 14 percent to $117 billion, led by a 39 percent slump in China at $28.8 billion, a 6 percent dip in the US at $23.6 billion and a 4 percent dip in renewable energy investments in Europe

Business | 11/07/2019 | By Moulin

SunEdison Capitalizing Rs 2.12 Cr for Acquiring Major Stake in two RE Companies

SunEdison, which is into the installation of solar water pumps, solar rooftop panels, etc announced the development. The company is expecting that the procurement will help SIL in conveying high-performance solar assets to the customers with improved customer service and visibility

Business | 10/07/2019 | By Moulin

Suntuity Group Ventures into Indian Solar Market

The company also informed that the modules used in the project were manufactured by Vikram Solar

Renewable energy / Solar PV | 10/07/2019 | By Moulin

Vakrangee Deliberates Setting Up EV Charging Infrastructure Pan-India

At present-day, the company has 3,504 such outlets spread across 19 states, 366 districts, and 2,186 postal codes. More than 68 percent of outlets are from tier 5 and tier 6 cities. Through these outlets, the company has set a target of reaching at least 75,000 charging stations by FY2021-22 and 3,00,000 outlets by FY2024-25.

Other Energy Applications / Sustainable Transport | 16/07/2019 | By Moulin

NTT Com-Netmagic Partners with Tata Power to Build 50 MW Solar Power Project

This solar power project is aimed at reducing CO2 emission at an average by about 70,000 tonnes

Renewable energy / Solar PV | 16/07/2019 | By Moulin

Italy to Conduct 1st 500 MW RE Auction on September 30

Auctions will be open to projects exceeding 1 MW in size and will exclude agricultural projects, forcing developers to plan their facilities unused surfaces in urban or industrial areas

Business | 16/07/2019 | By Moulin

Atlas Copco Launches Five New Air Compressors Across Industry Segments

The key industry segments which will benefit from these compressed air solutions are food and beverages, cement, textile, foundry & forging, general engineering, metal, auto & ancillaries, paper and many more

Business | 16/07/2019 | By Moulin

ANIF & Masdar Signs MoU to Develop 300 MW of Solar In Armenia

According to Masdar CEO Al Ramahi, the Armenian economy is among the fastest growing on the Eurasian Economic Union. Due to an increasingly open and supportive regulatory environment, Armenia would be a promising market for investment in wind and solar energy assets

Renewable energy / Solar PV | 16/07/2019 | By Moulin

NTPC Generates Rs 4,300 Crores through Largest Private Placement of Bonds

The company arrived in the bond market to generate long-term debt for its capital expenditure and general corporate requirements, with an issue of base size of Rs 500 crore with a greenshoe option to retain over-subscription of up to Rs 4,000 crore and a tenure of 10 years, a BSE filing said

Business | 16/07/2019 | By Moulin

RE Labor force in India Developed Five Times in Last Five Years: Report

In 2019, approximately 100,000 workers are employed in the solar and wind industry, up from 19,800 in 2014. Of these, 12,400 workers were employed in FY19 and 30,000 in FY18 by utility-scale solar, rooftop solar and wind energy projects

Business | 16/07/2019 | By Moulin

BHEL Issues Tender for 10 MW Solar Plant in Telangana

The last date for bid submission is July 22, 2019, and the techno-commercial bids will be opened on the same date. The date and time for the opening of the price bids will be informed to the qualified technical bidders later

Renewable energy / Solar PV | 15/07/2019 | By Moulin

Cap RE Tariff at Rs 3 Per Unit Under NTPC, SECI Auctions: NSEFI

The body further elaborated that due to the difference in the rate of electricity from various sources of renewable energy, and even within the same sources, states tend to demand the cheapest source of electricity

Policies & Regulations | 15/07/2019 | By Moulin

Four lakh EVs Plying on Indian Roads, 50% of them in Delhi, UP: Nitin Gadkari

In a written reply, Union road transport minister Nitin Gadkari has educated the Lok Sabha that UP has 1.39 lakh registered electric vehicles followed by almost 75,600 in Delhi. Karnataka has the third-highest number of registered e-vehicles and Maharashtra comes next

Other Energy Applications / Sustainable Transport | 15/07/2019 | By Moulin