In Short : At the RE-INVEST 2024 event, India’s renewable energy sector received a commitment of ₹32.45 lakh crore ($386 billion) in financing from banks and financial institutions. The funds will support India’s goal of achieving 500 GW of renewable energy capacity by 2030. Significant pledges from manufacturers and developers were also made, including 570 […]
Torrent Power commits to Rs 64,000 crore investment in renewables by 2030 – EQ
In Short : Torrent Power has committed to investing ₹64,000 crore in renewable energy by 2030. The company aims to significantly expand its clean energy portfolio, aligning with India’s broader push for sustainability and the transition to greener power sources. This investment is part of Torrent Power’s strategy to contribute towards the country’s renewable energy […]
BPCL Forms JVs With Sembcorp And GPS Renewables For Green Hydrogen, Biogas – EQ
In Short : Bharat Petroleum Corporation Limited (BPCL) has formed two joint ventures as part of its strategy to support India’s clean energy transition and achieve its net-zero goals. One JV with Sembcorp Green Hydrogen India will focus on renewable energy and green hydrogen projects, while the other JV with GPS Renewables will establish compressed […]
India needs Rs 30 lakh cr investment to achieve 500 GW renewables by 2030: Union Minister – EQ
In Short : India requires an investment of ₹30 lakh crore to achieve its target of 500 GW of renewable energy capacity by 2030, according to a statement by a Union Minister. This ambitious goal is part of India’s commitment to transitioning to clean energy, reducing carbon emissions, and meeting global climate commitments, while attracting […]
Electricity production sees 3.7% increase in May 2024, driven by renewables – EQ
In Short : In May 2024, electricity production in India saw a 3.7% increase, largely driven by renewable energy sources. This growth reflects the nation’s ongoing shift towards greener energy alternatives, with solar and wind power playing a significant role in boosting overall electricity generation. The increase underscores India’s commitment to expanding its renewable energy […]
India’s Reliance ready for next level of renewables-focused growth – EQ
In Short : India’s Reliance is poised for the next level of renewables-focused growth, aiming to expand its clean energy portfolio, reduce carbon emissions, and drive sustainable development across the country. In Detail : NEW DELHI/BENGALURU : Indian conglomerate Reliance Industries (RELI.NS), opens new tab is ready for its next stage of growth and aims […]
Budget 2024 expectations: Power sector decarbonisation hinges on renewables – EQ
In Short : Budget 2024 expectations emphasize that the power sector’s decarbonization hinges on renewables. Prioritizing investments in renewable energy infrastructure and technology is essential for reducing carbon emissions and achieving sustainable energy goals. In Detail : Budget 2024 expectations: For India to achieve its net-zero goal, the power sector will have to play a […]
Renewables can cut 17% of India’s heavy industry emissions by 2030 – EQ
In Short : Adopting renewable energy can reduce India’s heavy industry emissions by 17% by 2030. This shift to cleaner energy sources is crucial for lowering greenhouse gas emissions and supporting the nation’s climate action and sustainability goals. In Detail : Greening electricity use can reduce the 2030 emissions from India’s heavy industries by 17%, […]
Navigating CBAM : Renewables Can Reduce 17% Of India’s Heavy Industry Emissions By 2030 – EQ
In Short : Navigating the Carbon Border Adjustment Mechanism (CBAM), India’s renewable energy adoption could reduce heavy industry emissions by 17% by 2030. This shift supports compliance with international standards and contributes to the country’s climate goals. In Detail : This is based on a new report from the energy think tank Ember As a […]
Record $1.8 trillion investment in renewables made in 2023 not enough to meet COP28 goals, says EY report – EQ
In Short : An EY report reveals that a record $1.8 trillion investment in renewables in 2023 is insufficient to meet COP28 goals. Additional funding and accelerated efforts are necessary to address climate targets and transition to sustainable energy. In Detail : A record $1.8 trillion pumped into clean energy in 2023 globally may still […]