In Short : According to Crisil, renewable energy is projected to have a 57% share in India’s installed capacity by 2030. This forecast indicates the country’s increasing focus on clean and sustainable energy sources, contributing to the growth of renewable power capacity in the coming decade. In Detail : The installed capacity is likely to […]
ALMM to keep margins of solar module makers at 12-14 per cent next fiscal: CRISIL – EQ
In Short : CRISIL suggests that the Approved List of Module Manufacturers (ALMM) policy in India is expected to maintain margins for solar module makers at 12-14% in the next fiscal year. This policy is likely to play a crucial role in shaping the financial landscape for solar module manufacturers in the renewable energy sector. […]
CRISIL analysis: India powering ahead on renewable energy targets – EQ
In Short : As per CRISIL’s analysis, India is making significant strides towards achieving its renewable energy targets. This likely reflects a positive trend in the country’s efforts to increase the share of clean and sustainable energy sources in its overall energy mix, contributing to environmental and energy security goals. In Detail : By 2032, […]
India sets Rs 143 lakh crore for infrastructure, Rs 36.6 lakh crore for green projects by 2030: CRISIL – EQ
In Short: India has allocated Rs 143 lakh crore (approximately $1.9 trillion) for infrastructure projects and Rs 36.6 lakh crore (approximately $490 billion) for green initiatives by 2030, according to CRISIL, a leading credit rating agency. This substantial investment reflects the country’s commitment to sustainable development and the transition to clean energy sources. By channeling […]
Crisil has upgraded Suzlon Energy’s ratings to BBB+ with a positive outlook – EQ
In Short : CRISIL has upgraded the ratings of Suzlon Energy to BBB+ with a positive outlook. This improved credit rating indicates enhanced financial stability and prospects for Suzlon Energy. The positive outlook suggests that the company is on a favorable trajectory, which may include stronger financial performance and reduced credit risk. It reflects the […]
CRISIL To Acquire Bridge To India Energy – EQ
The acquisition is subject to applicable regulatory approvals and other customary conditions, and expected to close in the next three months. CRISIL, an S&P Global company, has entered into a definitive agreement to acquire Bridge To India Energy Private Limited (‘Bridge To India’), a leading renewable energy consulting and knowledge services provider to financial and […]
Sunnier days help solar projects improve their performance this fiscal, says report – EQ Mag
Longer sunnier days have ensured that the performance of solar power farms improved to 75 per cent in the current fiscal from 59 per cent in the year-ago period, according to a report. Rating agency Crisil has prepared the report based on the performance of 115 solar projects aggregating to 4.6 GW of power generation […]
Wind energy sector set to surge five times on policy tailwinds: CRISIL – EQ Mag
Moves by the Ministry of New and Renewable Energy (MNRE) can crank up India’s annual wind capacity implementation to 6-8 gigawatt (GW) per annum starting fiscal 2026, significantly more than the ~1.6 GW annual rate clocked in the past five fiscals, according to CRISIL Ratings estimate. Aggressive tariff bids in reverse auctions1 since fiscal 2017-18 […]
Infosys Leads Global ESG Rankings – EQ Mag
Top ESG evaluators recognize Infosys’ dedication to sustainability and ethics in business Infosys (NSE, BSE, NYSE: INFY), a global leader in next-generation digital services and consulting, today announced it is featured as a top performer across several global industry rankings and assessments in Environmental, Social, and Governance (ESG) in FY22-23. The company has been recognized […]
Power prices expected to remain firm next fiscal amid higher demand: Crisil – EQ Mag
Mumbai : Power prices are expected to remain firm next fiscal on the back of elevated demand growth of 5.5-6 per cent, and the demand is set to close this fiscal up 9.5-10 per cent over 8.2 per cent last fiscal, a report said on Thursday. The fears of a heat wave has seen the […]