ReNew Power, has secured fresh debt financing of up to $350 million from the Overseas Private Investment Corporation (OPIC), the US GovernmentÂ’s development finance institution.
Category: Power & New and Renewable Energy
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MP implements innovative rooftop solar program (26 MWp) through RESCO route
After the success of the 750MW Rewa Ultra Mega Solar project in Rewa, the Madhya Pradesh government is now aiming to create a new model for success in rooftop solar energy generation.
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Siemens Gamesa will supply 567 MW to ReNew Power
Siemens Gamesa Renewable Energy has secured a new order in India from ReNew Power, IndiaÂ’s largest renewable energy Independent Power Producer (IPP).
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NTPC issues 190 MW solar-wind hybrid tender
IndiaÂ’s largest power generation company NTPC, that successfully auctioned 1.2 GW of capacity in its first wind energy tender recently, is now making its mark in the solar-wind hybrid.
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Ludhiana to get CNG by year-end
Ludhiana will get the facility of Compressed Natural Gas (CNG) by the end of the year for industrial, residential and vehicular use
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Importance of Mega Projects
In order to consolidate and accommodate this mass migration, the Government of India has undertaken several initiatives which have given a way to the mega projects, nucleated around the development of industrial clusters, connectivity and increasing India's exports.
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RE sector will compel the government to announce new transmission projects
In an interaction, DC Bagde, Managing Director, Transrail Lighting (Transrail) told INFRASTRUCTURE TODAY that the transmission and distribution segment (T&D) is likely to attract an investment of at least USD 50 billion. It's a shot in the arm for the country's T&D network, but it will not be enough.
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Power transmission in India is the most attractive sector to invest in
Neeraj Nanda, President-South Asia (T&D, Solar), KEC International speaks to INFRASTRUCTURE TODAY in length about the potentials in India's transmission sector. He also advices DISCOMs to enhance their willingness and preparedness to adopt and drive renewable energy.
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Wind-solar is missing the push from the government
Ashish Mithani, Chief Executive Officer and Whole-time Director, KP Energy believes that if the pace of the bids is well-maintained as publicly promised by the government, then in 2020, there would be a continuous addition of 6 GW to 9 GW of wind projects every year.
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The compressor market will grow above 20,000-25,000 units a year
Despite price sensitivity of the Indian market remaining a major challenge, Conrad Latham, General Manager, Atlas Copco Compressor Technique, India cites that to be competitive in India, the global players are willing to pay for the value of options that are normally associated with improved energy efficiencies like variable speed drive compressors, permanent magnetic motors, cost-effective adsorption dryers or even higher IE-rated motors.