In Short – DVC’s entry into agreements for Renewable Energy bundling demonstrates its commitment to sustainability. By combining renewable sources with conventional energy, DVC aims to enhance energy efficiency and reduce carbon footprint, contributing positively to India’s renewable energy goals. In Details – DVC is one of the pioneers to enter into a Power Purchase […]
Fitch Ratings affirms Clean Renewable Power’s USD 363 mn notes ‘BB-‘ rating with stable outlook – EQ
In Short – Fitch Ratings maintains stability, affirming Clean Renewable Power’s USD 363 million notes at ‘BB-‘ with a stable outlook. This underscores investor confidence and the company’s financial robustness, emphasizing its resilience in renewable energy investments. In Details – NEW DELHI: Fitch Ratings on Thursday affirmed Hero Future Energies arm Clean Renewable Power (Mauritius) […]
Sunrock DG and Nelnet Partner for Renewable Distributed Generation Projects – EQ
In Short – Sunrock DG and Nelnet join forces for renewable distributed generation projects, synergizing expertise to propel sustainable energy solutions forward, fostering innovation in distributed generation and contributing to a greener energy landscape. In Details – A recent example of a Sunrock Distributed Generation solar project. The partnership with Nelnet, Inc. will give […]
State-owned NTPC targets 5GW power generation capacity addition in FY25 – EQ
In Short – State-owned NTPC aims to add 5GW to its power generation capacity in FY25. This strategic move underscores its commitment to bolstering energy infrastructure, contributing to national power needs, and advancing sustainable development goals. In Details – State-owned power giant NTPC on Monday said it is eying 5 GW power generation capacity addition […]
IREDA sanctions record ₹37,354-cr loans in FY24 -EQ
In Short -In FY24, IREDA approves a record-breaking ₹37,354 crore in loans, demonstrating its commitment to financing renewable energy projects and facilitating substantial advancements in the sustainable energy sector.” In Details – State-run Indian Renewable Energy Development Agency (IREDA) has sanctioned a record ₹37,354-crore loans and disbursed loans worth ₹25,089 crore in FY24, its highest […]
India’s hydroelectric surge: Projects underway to propel renewable energy revolution – EQ
In Short – India is experiencing a surge in hydroelectric projects, propelling its renewable energy revolution. These initiatives signify a significant step towards sustainable energy production, bolstering India’s commitment to renewable sources and fostering a greener future. In Details – With an aggregate capacity of 15 GW currently under construction, the nation is poised to […]
Oil India, GMC partner to convert waste into renewable CBG – EQ
In Short – Oil India Limited has partnered with Guwahati Municipal Corporation (GMC) to collaborate on converting waste into renewable Compressed Biogas (CBG). This initiative aims to promote sustainable energy practices, reduce waste pollution, and contribute to India’s renewable energy goals. In Details – Oil India Limited (OIL) and the Guwahati Municipal Corporation (GMC) have […]
LyondellBasell and Encavis asset management ag announce renewable energy power purchase agreement – EQ
In Short – LyondellBasell and Encavis Asset Management AG have jointly announced a renewable energy power purchase agreement (PPA). This agreement signifies LyondellBasell’s commitment to sustainable practices by sourcing renewable energy, contributing to environmental stewardship and reducing carbon emissions. In Details – LyondellBasell and Encavis Asset Management AG (Encavis AM) announced they signed a power […]
NLC India planning to sell renewable assets worth estimated $720 Million – EQ
In Short – NLC India is planning to divest renewable assets valued at approximately $720 million. This strategic move signals a shift towards green energy initiatives, reflecting the company’s commitment to sustainable practices and aligning with global trends in renewable energy investment. In Details – State-run coal miner and power producer NLC India Ltd. is […]
IREDA Board clears proposal of Rs 24,200 crore borrowing for FY25 -EQ
In Short – IREDA’s board has cleared a proposal to borrow Rs 24,200 crore for the fiscal year 2025. This significant borrowing allocation indicates the organization’s strategic financial planning and its commitment to support renewable energy initiatives and projects in the coming year. In Detail – State-owned Indian Renewable Energy Development Agency Ltd’s (IREDA) board on […]