The Ministry of New and Renewable Energy (MNRE) has taken several steps to realize the largest renewable capacity expansion programme in the world, which is being taken up by India. The government is aiming to increase the share of clean energy through massive thrust in renewables. Core drivers for development Read more…
Renewable energy tariffs that have already tumbled to a record low will fall further and help India achieve its ambitious targets for generating green electricity, Secretary, MNRE, Shri Anand Kumar said. “In the years to come, with the technology improving, we expect that the tariffs would go down further, both Read more…
A five-year ‘masala bond’ issued by the Indian Renewable Energy Development Agency (IREDA) was listed on the London Stock Exchange, raising nearly $300 million (19.5 billion), with a coupon of 7.125%. The green ‘masala bond’ on London Stock Exchange’s International Securities Market is certified by Climate Bonds Initiative, an international, Read more…
More than 70% of the countries in the world—including the UK, US, China and other major economies—could run entirely on energy created by wind, water, and solar by 2050, according to a roadmap developed by scientists. And they pointed out that doing so would not only mean the world would Read more…
Indian Renewable Energy Development Agency Limited (IREDA) and Rewa Ultra Mega Solar Limited (RUMSL) signed an agreement on January 31, 2018, for financing the shared infrastructure of two large solar parks in Madhya Pradesh. The Ministry of New and Renewable Energy (MNRE), The World Bank, and IREDA have been able Read more…
In one of its first outreach programmes post-ratification, the International Solar Alliance (ISA) hosted a two-day event ‘International Solar Alliance Forum’ during January 17–18, 2018, at the Future World Energy Summit (WFES) 2018. WFES is a signature event of a global initiative, Abu Dhabi Sustainability Week, hosted by Masdar scheduled during January 15–18, 2018, at Abu Dhabi (UAE). During Read more…
The Government has announced the trajectory for achieving its targets of commissioning 175 GW of Renewable Energy (RE), 100 GW of solar generating capacity and 60 GW of wind power, by 2022 on November 24, 2017. Addressing the gathering, Union Minister of State (IC) for Power and New & Read more…
The resurgence in oil and gas production from the United States, deep declines in the cost of renewables and growing electrification are changing the face of the global energy system and upending traditional ways of meeting energy demand, according to the World Energy Outlook 2017. A cleaner and more diversified Read more…
Shri R K Singh, Union Minister of State (IC) for Power and New & Renewable Energy, Government of India, held a meeting with battery manufacturers in New Delhi on March 23, 2018, to discuss the creation of an ecosystem for incentivizing battery manufacturing in India. In the meeting, Shri Singh Read more…
Source: REN21, Renewables 2018 Global Status Report