India has set ambitious targets to increase its renewable energy (RE) capacity, reduce greenhouse gas emissions and promote sustainable development. The government has introduced several policies and initiatives to achieve these targets. One such initiative is the Greening the Grid (GTG) program, launched in 2015 by the Ministry of Power Read more…
The Government of India launched the Faster Adoption and Manufacturing of Electric Vehicles II (FAME II) scheme in 2019 to encourage the adoption of electric vehicles (EVs) in the country. The scheme provides subsidies for electric two-wheelers, three-wheelers, and four-wheelers to make them more affordable for consumers. However, recent reports Read more…
BlackRock, one of the world’s largest investment management firms, announced a $500-$750 million investment in Tata Power’s renewable energy platform in November 2021. This investment is a significant step towards achieving Tata Power’s goal of reaching 15,000 MW of renewable energy capacity by 2025. Tata Power is a leading integrated Read more…
In February 2022, Virescent Renewable Energy Trust, a subsidiary of Continuum Energy, announced an investment of Rs 6.65 billion in Godawari Green Energy Limited, a leading renewable energy company in India. This investment is aimed at strengthening Virescent’s renewable energy portfolio and supporting India’s transition to a low-carbon economy. Godawari Read more…
In May 2022, Shell Overseas Investment BV, a subsidiary of Royal Dutch Shell, announced its investment of Rs. 118 billion in Actis LLP’s renewable energy platform in India. The investment is aimed at supporting Actis LLP’s growth and sustainability initiatives in the renewable energy sector. Actis is a global investment Read more…
Private equity investments play a crucial role in funding renewable energy projects in India, especially in the early stages. The sector has been attracting significant investment in recent years due to the country’s ambitious renewable energy targets and the increasing demand for clean energy. In this article, we will explore Read more…
The global transition towards a low-carbon future has accelerated the growth of Renewable Energy (RE) projects, and India is no exception. With a target of increasing its RES capacity from 111GW to 436GW by FY30, the Indian Government has set ambitious goals for the RE sector. The total investment required Read more…
India has set ambitious renewable energy capacity targets for the next decade, with the aim of meeting 50% of its energy requirement from renewable energy sources and reducing the carbon intensity of its economy by 45% by 2030. The country plans to increase its non-fossil energy capacity to around 450-500 Read more…
According to a report by HSIE (HDFC Securities Institutional Equities), renewable energy (RE) capacity in India is expected to grow at a compound annual growth rate (CAGR) of 18% over the next decade, adding approximately 144 GW of RE capacity by 2031. The report suggests that the increase in RE Read more…
India is one of the world’s leading solar markets, with ambitious renewable energy targets. However, more than 80% of solar equipment used in power projects is imported from Asian countries such as China, Vietnam, and Malaysia. India’s domestic manufacturing capacity for cells and modules is largely underutilized, standing at only Read more…