Energy Market Outlook
India most attractive global market for clean energy: Prime Minister Narendra Modi
Rewa: India has emerged as the most attractive global market for clean energy, Prime Minister Narendra Modi said on Friday. Launching a 750 MW solar project in Rewa in Madhya Pradesh through video-conferencing, Modi also said the state will emerge as a major hub for clean and cheap power in the country. “Solar Read more…
Solar
SoftBank energy arm to raise $600 million via offshore bonds
SoftBank group’s SB Energy, the Indian unit for green energy business, is raising up to $600 million in overseas green bonds being launched Wednesday. This is the first ever offshore bond sale by an Indian private company since the pandemic began. Bonds will likely mature in five years, with the company using Read more…
Solar
MNRE defines lockdown period for relief to companies
The ministry of new and renewable energy has set March 25 to May 31 as the official dates for the lockdown and will grant project deadline extensions to cover the 68-day period and an additional 30 days to help developers overcome the disruption. However, developers said they need more leeway to get projects back Read more…
Solar
Despite green pledges, Amazon’s carbon footprint grew 15 per cent
Amazon said Tuesday that its carbon footprint rose 15 per cent last year, even as it launched initiatives to reduce its harm on the environment. The online shopping giant said it emitted 51.17 million metric tons of carbon dioxide last year, the equivalent of 13 coal burning power plants running for a year. That’s up Read more…
Energy Market Outlook
Despite pandemic, new US solar capacity will grow 33 per cent in 2020
New US solar installations will increase by a third this year, a report published on Thursday showed, as soaring demand by utilities for carbon-free power more than outweighs a dramatic decline in rooftop system orders for homes and businesses due to the coronavirus pandemic. The solar industry will install 18 gigawatts this year, enough to Read more…
Solar
Delhi University to set up School of Climate Change and Sustainability
New Delhi: The Delhi University will be setting up a School of Climate Change and Sustainability (DSCC&S) under the Institute of Eminence Scheme, which will take up research in priority areas related to the environmental challenges. Professor C R Babu, an acclaimed Environmental Scientist, will head DSCC&S (honorary director). He has also been the founder Read more…
Solar
Adani Green Energy wins world’s largest solar bid worth $6 billion
NEW DELHI: Adani Green Energy Ltd has bagged the world’s largest solar bid entailing building a photovoltaic (PV) power plant of 8,000 MW and setting up a domestic solar panel manufacturing capacity of 2,000 MW, envisaging a total investment of roughly $6 billion. Under the offering of domestic manufacturing-linked solar power projects from state-run renewable energy agency SECI Read more…
Solar
Solar eclipse: India braces for 11,943 MW hit to solar power
New Delhi: Power System Operation Corporation (POSOCO) has started preparing power systems for the 21 June annular solar eclipse as it expects a reduction in solar power generation by 11,943 megawatt (MW) across India. The solar eclipse will begin at 09:56 am IST at Dwarka, Gujarat and will end at 14:29 pm IST at Dibrugarh, Assam. Read more…
Solar
Solar manufacturers extend support to govt’s Atma Nirbhar Bharat Abhiyan
India’s leading solar manufacturers have extended support to the government’s Atma Nirbhar Bharat Abhiyan and sought the Prime Minister’s (PM’s) support to provide a level-playing field for realising the full potential of the sunrise sector. Industry players such as Vikram Solar, Webel Solar, and Renewsys in a joint virtual press briefing on Monday also said Read more…