Renewable energy firm ReNew Power Ventures Ltd has announced that it has secured long-term debt financing of $390 million (approximately Rs 2,650 crore) from Asian Development Bank (ADB).
Tag: Renewable Energy
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Tata PowerÂ’s non-fossil operating capacity climbs to 3,060 MW
Tata Power, IndiaÂ’s largest integrated power company, has announced that the companyÂ’s total generation from non-fossil operating capacity stands at 3,060 MW, making it the largest renewable energy company in India.
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Mitsubishi Corp launches energy storage demonstration project in Delhi
Mitsubishi Corporation has reached a basic agreement with AES Corporation and Tata Power Delhi Distribution Limited (TPDDL), which distributes electricity in northern and north-western Delhi, to develop an energy storage demonstration project in India. The project will be concentrated in the grid sectors operated by TPDDL.
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Adani to invest Rs 49,000 cr to extend capacity of Gujarat ports
Adani Group Chairman Gautam Adani has announced that his company would invest another Rs 49,000 crore in Gujarat for expanding port capacity, and will set up cement plants. It is also planning a foray in the wind and solar power sectors over the next five years.
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Railways to focus on renewable energy to attain cost-efficiency
In a bid to adopt green technology, the Indian Railways is giving a big push to renewable energy to attain cost efficiency, Minister Suresh Prabhu has said.
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Emergent Gujarat
With the adverse effect of demonetisation still looming over the country, the New Year will witness industry bigwigs - both international and homegrown ù queuing up to invest in India´s most industrially developed state, Gujarat. The occasion, Vibrant Gujarat (in its 8th edition), is all geared up to welcome the investors from all across the world.
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NTPC partners Inox Wind to foray into wind energy
Inox Wind Limited, a leading Indian wind energy solutions provider, has bagged an order for a 50 MW wind power project to be deployed in the state of Gujarat from NTPC Limited, a Government of India undertaking and a Maharatna company.
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‘Coal Mitra’ portal launched to facilitate flexibility in domestic coal utilisation
Union Minister of State for Power, Coal, New & Renewable Energy and Mines, Piyush Goyal, has launched ‘Coal Mitra’, a Web portal for flexibility in utilisation of domestic coal. He also released reports on ‘Renewable Energy Integration: Transmission an Enabler’, ‘Green Energy Corridor II’ and ‘Electricity Demand Pattern Analysis’.
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The Missing Link
Buoyed by the positive response from the industry and the proactive approach adopted by various state governments, India is now making rapid strides in the solar segment. The country's solar power generation has gone up 14 times in a span of just five years from 0.5 MW in 2011 to 7 GW now.
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A Sustainable Blueprint for Smart Cities
The Smart Cities Mission ensures that systems and regulations that balance growth, business friendliness and public interest are in place, say Upendra Joshi and Shivanshu Thaplyal.