The growth of renewable energy has boosted the need for developing power balancing infrastructure that can come to the rescue in the event of sudden fluctuations. This is an opportunity for developing battery-based balancing infrastructure that can ramp up or down power output in a very short period. “There is Read more…
Credit rating agency ICRA on Wednesday said it expects Union Budget for FY21 to continue focus on measures for power distribution network strengthening and renewables. The agency said it expects higher budgetary allocation to strengthen power distribution infrastructure to enable improvement in operating efficiencies of state-owned distribution utilities. Measures to Read more…
SBICap Ventures’ Neev Fund is set to infuse about $5 million in renewable energy firm Punjab Renewable Energy Systems (Prespl) to acquire a significant minority stake in what would be the Series-B funding round. Prespl has also commitments of an additional $3-5 million funding in the same Series-B round from Read more…
To boost hydro power generation, the government Thursday approved a slew of measures including providing renewable energy status for large hydel projects and new funding provisions. Earlier, hydro projects up to 25 MW capacity were considered as renewables and were eligible for various incentives like financial assistance and cheaper credit. Read more…
ndia has about 76 GW of installed renewable energy capacity and policymakers are quite confident that the set target of 175 GW will be achieved on time, by 2022. That said, the renewable energy sector continues to be plagued by issues of inadequate transmission capacity, delays in land acquisition and Read more…
Andhra Pradesh has emerged as a front runner in the country’s renewable energy sector with 2,591 MW of solar power and 4,057 MW of wind power capacity installed as of September 2018. Owing to rich resource availability, the state has the potential to develop 38 GW of solar and 44 Read more…
After a year of relative lull, renewable energy will be back on track in 2019 with new plants being set up and the introduction of the much anticipated policy on battery storage. This will also be the year when floating solar projects will add significant capacity to the country’s generation Read more…
THE STATE-RUN Solar Energy Corporation of India (Seci) has invited renewal energy companies to put forward bids for setting up wind and solar plants of 1,200 MW each. The FYI 9 renewable capacity addition target had been set at 15,600 MW, comprising 10,000 MW and 4,000 MW of wind and Read more…