On March 7, 2019, the Cabinet Committee on Economic Affairs (CCEA) gave its approval for the inclusion of large-hydropower in the renewable energy sector. The move essentially ends the distinction between small-hydro projects (SHPs) with a capacity of less than 25 MW and large-hydro projects. With the addition of around Read more…
The delay in the launch of the solar irrigation pump scheme which the Centre announced in the previous Budget has left States like Bihar with no option but increase diesel subsidy offered to their farmers. The Nitish Kumar-government in Bihar received nearly 23 lakh applications for diesel subsidy from farmers Read more…
Renewable Watch recently interacted with Pitamber Shivnani, President, Power Grids, ABB India, regarding the role of digitalisation in the renewable sector, on the sidelines of GRIDTECH 2019. Excerpts from the conversation. What are the key transmission constraints in the renewable energy space in India? Well, geography for one. The sheer Read more…
The domestic solar power capacity addition is expected to be nearly 7-7.5 GW (including around 1 GW of rooftop solar capacity) in FY2020, based on tendering and awards of projects in the last 12-15 months. Interestingly, solar capacity addition is estimated to have remained subdued at around 6-6.5 GW in Read more…
CleanMax Solar, which provides renewable energy to companies, on Tuesday said that it has raised ₹275 crore in equity funding from UK Climate Investments LLP (UKCI). UKCI is a joint venture between the Green Investment Group and the UK government’s department for business, energy and industrial strategy, and is managed by Read more…
Private power producer Tata Power will lead the nation’s renewable energy transition with gradual withdrawal from building new coal fired power plants, a report said. The country’s largest private integrated power company has recently made it clear that it will cease to build new coal-fired power capacity, according to ‘Tata Read more…
Debt-laden Infrastructure Leasing & Financial Services (IL&FS) Monday said GAIL (India) has emerged as the highest bidder for its seven operating wind power plants. The bidding process to these assets having 12 sites spread across seven states was launched in November last year. “Gail’s offer of approximately Rs 4,800 crore Read more…
Mytrah Energy India Pvt Ltd (MEIPL), an independent producer of renewable energy, is in advanced stages of talks for divestment of stake. According to unconfirmed reports, Brookfield Asset Management Company Inc of Canada, an active investor in various sectors in India, is engaged in parleys with the company to invest Read more…
Agriculture is the main source of livelihood in rural India, contributing to food security. Two-thirds of the total irrigated area in India uses groundwater pumping, powered by more than 2 crore electric and 75 lakh diesel pumps. Thus, agriculture is a major consumer of electricity, accounting for nearly one-fifth of Read more…
The building blocks for the Indian renewable energy growth are now well in place, and it is time for the country to pole-vault to the next frontier of its journey. The 3rd Global RE-INVEST 2019, will establish India’s competitiveness in the global renewable energy arena. 3rd Global RE-INVEST is scheduled Read more…