Reliance New Energy Solar’s Ambitious Expansion: A Closer Look at the REC Solar Holdings and Sterling & Wilson Solar Acquisitions

India’s renewable energy landscape has been undergoing a major transformation, with industry giants like Reliance Industries Limited (RIL) making significant investments to tap into the sector’s vast potential. In October 2021, RIL’s subsidiary, Reliance New Energy Solar Ltd. (RNESL), announced the acquisition of two major solar firms – REC Solar Read more

By firstgreen, ago

Tata Power’s 300 MW Wind-Solar Hybrid Power Plant: A New Era of Renewable Energy in Maharashtra

India has been witnessing a surge in renewable energy investments, with major companies taking the lead in driving the country’s transition towards a sustainable energy future. In December 2021, Tata Power, India’s largest integrated power company, secured a contract from Maharashtra State Electricity Distribution Company Limited (MSEDCL) to set up Read more

By firstgreen, ago

India’s Rise in Renewable Energy: A Third Place Ranking on EY’s 2021 Renewable Energy Country Attractive Index

India’s remarkable progress in the renewable energy sector has not gone unnoticed. In 2021, the country was ranked third on the EY Renewable Energy Country Attractive Index (RECAI), a testament to its potential as a global renewable energy powerhouse. The RECAI ranks 40 countries on the attractiveness of their renewable Read more

By firstgreen, ago

Ayana Renewable Power’s Ambitious 2 GW Expansion in Karnataka: A Major Boost to India’s Renewable Energy Landscape

Ayana Renewable Power, an Indian renewable energy company backed by the UK government’s CDC Group, National Investment and Infrastructure Fund (NIIF), and Eversource Capital, has announced ambitious plans to set up renewable energy projects totaling 2 gigawatts (GW) in the state of Karnataka. With an investment of US$ 1.53 billion, Read more

By firstgreen, ago

COP26 Commitments: India’s Pledge to Accelerate Renewable Energy Adoption and Strengthen its Climate Leadership

At the 2021 COP26 Summit held in Glasgow, Prime Minister Narendra Modi announced India’s ambitious plan to increase its renewable energy generation capacity to 500 GW and meet 50% of the nation’s energy needs through renewable sources by 2030. This pledge not only underscores India’s commitment to combating climate change Read more

By firstgreen, ago