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…
I n the last 50 years, the global energy demand has tripled. It is projected to triple again over the next 30 years. Energy demand worldwide grew by 2.3% in 2018 which was the highest in this decade because of the robust global economy and stronger heating and cooling needs Read more…
India’s renewable energy workforce has grown five-fold in the past five years. In 2019, nearly 100,000 workers are employed in the solar and wind industry, up from 19,800 workers in 2014. Of these, 12,400 new workers were employed in FY19 and 30,000 new workers were employed in FY18 by utility-scale Read more…
To address and ensure quality of solar components across India’s solar power ecosystem, the Ministry of New and Renewable Energy (MNRE) has floated a draft quality control order for Solar Thermal Systems. The Standardization specifics are in accordance with the Bureau of Indian Standards (BIS) guidelines. The ministry has already Read more…
A village in Uttar Pradesh’s Amroha district has presented itself as a model for renewable energy usage with complete dependence on solar power for all its needs. The solar-powered village in Chakanwala Panchayat named ‘Mandironwala Bhuddi’ has no electricity poles but is completely lit up using solar power. Solar panels Read more…