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 […]
Powering India’s future: Ramping up country’s renewable energy capacity In Short – “”Empowering India’s future by ramping up renewable energy capacity, vital for sustainable development and combating climate change. This strategic move aligns with national goals, driving towards a greener, more resilient energy landscape. In Detail : As India rises on the global stage, its energy […]
Welspun Flooring to source renewable energy from SPV Welspun Bhargavi In Short -Welspun Flooring to procure renewable energy from SPV Welspun Bhargavi In Detail -Welspun Living announced that its wholly owned subsidiary, Welspun Flooring (WFL) is investing Rs 1.76 crore in Welspun Bhargavi (WBPL), a special purpose vehicle, for setting up of […]
In Short : In Gujarat, a state-of-the-art Penta plant by the Swedish multinational company Perstorp India has been commissioned in Bharuch. This development highlights the company’s investment in advanced manufacturing facilities, potentially contributing to the industrial landscape of the region. In Detail : In Sayakha Perstorp will produce a Penta product mix that includes renewable-based, […]
NEW DELHI : India will issue tenders for the installation of 250 gigawatts (GW) of green energy capacity by March 2028, according to a government memo released on Monday, as it looks to cut its emissions by 45% from 2005 levels. After missing a target to install 175 GW in renewable energy capacity by 2022, […]
As society transitions toward renewable energy sources, energy storage inevitably comes to mind. Researchers at the University of Illinois at Urbana-Champaign have found one way to store renewable energy that re-purposes existing fossil fuel infrastructure. While geothermal electricity generation shows a lot of promise, it’s currently limited to a select few areas where hot rock […]
We’re all familiar with batteries. Whether we’re talking about disposable AAs in the TV remote, or giant facilities full of rechargeable cells to store power for the grid, they’re a part of our daily lives and well understood. However, new technologies for storing energy are on the horizon for grid storage purposes, and they’re very […]
He was addressing the Norway-India Business Summit 2022 organized by CII in association with the Embassy of Norway India’s non-fossil energy capacity will reach 500GW by 2030 and the country shall meet half of its energy requirements through renewable energy, reducing the carbon intensity of its economy by less than 45 per cent, NITI Aayog […]
The share of round the clock (RTC) plants1 in the overall renewable (RE) capacity mix will increase from nearly nil today to over 5% by calendar 2025. This will be driven by expected tariff reduction of nearly 12% over the next two fiscals and an ability to provide power at a pre-determined schedule — currently […]