In Short : The Indian government has mandated the use of locally-manufactured solar cells starting in 2026 to reduce dependency on imports and boost domestic production. This move aims to strengthen the country’s renewable energy sector, support the “Make in India” initiative, and create jobs. It aligns with efforts to achieve self-reliance in clean energy […]
Union Budget 2024: Government allocates Rs 19,100 crore to new and renewable energy sector, shares rally – EQ
In Short : In the Union Budget 2024, the government has allocated Rs 19,100 crore to the new and renewable energy sector, signaling strong support for clean energy initiatives. This significant investment has led to a positive reaction in the stock market, with shares in the sector experiencing a notable rally as investors respond to […]
Surge of free power raise red flags for green technology investors – EQ
In Short : The increase in free power raises concerns among green technology investors, potentially hindering investment and growth in the renewable energy sector. In Detail : Something strange is going on in Europe’s power markets: Prices keep dropping below zero. Solar parks on Spanish plains and wind turbines above Norwegian fjords were so productive […]
REnergy Dynamics Announces its Launch in the Renewable Energy Sector – Targets Rs. 5000 crore order book by April 2029 – EQ
Operations have begun with several owned and EPC projects already underway India : REnergy Dynamics (RED), a company dedicated to advancing the renewable sector with special focus on bioenergy and fostering sustainable energy solutions, proudly announced its official launch today. Co-Founded by Kushagra Nandan (Serial Clean Tech entrepreneur, Co-Founder & former MD – SunSource Energy) […]
India and UAE strengthen ties in renewable energy sector: Report – EQ
In Short : India and the UAE are deepening their collaboration in the renewable energy sector, as per reports, signifying a growing partnership in advancing sustainable energy solutions and fostering mutual development goals. In Detail : UIBC report identifies initiatives like scaling up solar, wind power capabilities and innovative grid solutions As India and the […]
Inox Wind to register profit over next few quarters on favourable market: INOXGFL – EQ
In Short : INOX GFL, the parent company of Inox Wind, anticipates registering profits in the coming quarters due to favorable market conditions. This outlook suggests positive prospects for Inox Wind, indicating potential growth and financial stability in the renewable energy sector. In Detail : Its parent INOXGFL Group’s Executive Director Devansh Jain said the […]
IREDA Chairman Emphasizes MSMEs’ Vital Role in Renewable Energy Sector at COP 28 – EQ
In Short : At COP28, the Chairman of the Indian Renewable Energy Development Agency (IREDA) emphasized the vital role of Micro, Small, and Medium Enterprises (MSMEs) in the renewable energy sector. This recognition underscores the importance of engaging and empowering MSMEs to contribute significantly to India’s renewable energy goals and sustainable development. In Detail : […]
The renewable energy sector has achieved only 26% of the target set for FY24, reaching 25 GW out of the planned goal – EQ
In Short: The renewable energy sector in India has reached 25 GW of installed capacity, which accounts for only 26% of the target set for the financial year 2023-24. Despite significant growth, the sector faces challenges in achieving the desired targets due to various factors such as policy uncertainties, land acquisition issues, and financing constraints. […]
A number of incentives are being provided for growth of the renewable energy sector in the country: Union Power & NRE Minister Shri R. K. Singh – EQ Mag
Report Suggests EIB Could Announce 500 Million Euro Funding for Renewable Energy Sector
The EIB had committed to investing one billion euros in India’s green hydrogen sector earlier in 2023. “EIB is working on important negotiations towards the first phase of its investments in renewable energy. We are going to invest not just in green hydrogen but in onshore windmills and solar panels sector,” CNBC-TV18 quoted EU Investment […]