The Ministry of New and Renewable Energy (MNRE), Government of India, awarded Grants to the awardees of the second round of PACEsetter fund programme in a ceremony organized by the Ministry on September 20, 2019. Shri Anand Kumar, Secretary, MNRE, and Mr Kenneth Ian Juster, the US Ambassador to India Read more…
The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, has given its approval for a Cooperation Agreement between Ministry of New and Renewable Energy of India and Ministry for Energy, Utilities and Climate of the Kingdom of Denmark on strategic sector cooperation in the field of renewable energy Read more…
Canada’s Brookfield Asset Management Inc. is in talks to buy a majority stake in Hyderabad-based Mytrah Energy as the alternative assets manager looks to make its first renewable investment of more than $1 billion in India, said three people aware of the development. Canada’s Brookfield Asset Management Inc. is in talks to buy a majority stake Read more…
Children from poor families in sub-Saharan Africa have been able to swap cleaning up cowpats for lessons thanks to a solar power project that rewards parents for sending them to school. South Korean solar firm Yolk has designed a cow-shaped solar power station for schools that can be used to Read more…
The pace of adding renewable generation capacities slowed down in FY19 with just 8.6 gigawatt (GW) of solar and wind power plants getting commissioned in the fiscal. The country had added 11.3 GW and 11.8 GW of renewable capacities in FY17 and FY18, respectively. The installed renewable capacity now stands Read more…
Tamil Nadu-based renewable energy company Leap Green Energy Pvt. Ltd is in talks with foreign investor EIG Partners to raise around $200 million through structured debt, said two people aware of the development. Leap Green, founded in 2006, is promoted by former Formula 1 driver Narain Karthikeyan’s family. Mint first reported in Read more…
In a bid to save energy and electricity, the Delhi metro Rail Corporation (DMRC) will run metro trains powered by the solar energy as the DMRC has started receiving solar power from the Rewa Solar Power Project from Thursday. On the first day, the corporation received 27 Mega Watts (MW) Read more…
To give a big push for rooftop solar panel installations, the Central government has increased subsidy from the current 30 percent to 40 percent, a move which will be boosted rooftop solar capacity in Telangana, says N Janaiah, VC & MD, TSREDCO. According to him, Telangana has a commissioned capacity Read more…
It also approved the pact with Cambodia for cooperation in communications. With Denmark, the Cabinet gave its approval for a cooperation agreement in renewable energy with focus on offshore wind energy. The Cabinet which was chaired by Prime Minister Modi was also apprised about an MoU signed in May 2018 Read more…
Wind energy developers were surprisingly lukewarm to the auction of 1,200 MW of projects offered by the Solar Energy Corporation of India (SECI), with techno-commercial bids of only half the capacity on offer. SECI confirmed the development. Most SECI auctions are usually oversubscribed. Its last wind auction of 1200 MW Read more…