Page 17 - Renewable Energy

Sovereign rating downgrade poses risk for India's green energy investors

Earlier this month, Moody's cut the country's sovereign credit rating by a notch to the lowest investment grade with negative outlook

Top headlines: Covid-19 cases in Delhi may hit 550K by Jul 31, says Sisodia

Business Standard brings you the top headlines of the day

Hike in prices of renewable certificates unnerves aluminium players

REC prices have spiked by 125% over past 12 months, even as manufaturers grapple with depressed international prices, slump in domestic demand

PM Modi reviews power sector, says state-specific solutions needed

During the review, policy initiatives including revised tariff policy and the Electricity (Amendment) Bill 2020 to redress the problems afflicting the power sector were also discussed

NTPC to expand renewable energy business, forms joint venture with ONGC

With this tie-up, NTPC can achieve its ambitious target of 32 GW of renewable energy projects by 2032

India's ultra mega solar parks offer $500-700 billion investment potential

Country now has a total capacity of 1 Gw across multiple ultra-mega solar parks, two of which are the largest commissioned in the world

Tariff for round-the-clock solar power is competitive: ReNew's Sumant Sinha

His company won India's first tender in this space with a quote of Rs 2.9 a unit

Country's first round-the-clock solar power tender closes at Rs 2.9/unit

The project developer will have the option of building a hybrid plant with wind and hydro power or have energy storage systems

KKR to buy Shapoorji Pallonji Group's solar assets for Rs 1,554 crore

The deal is part of KKR's strategy to increase its presence in Asia's infrastructure sector and today's transaction is the firm's second investment in the country as part of its dedicated plan

MNRE urges states to set up renewable energy equipment parks to meet demand

The ministry has also got in touch with trade commissioners and representatives of various countries and invited them to invest in this promising sector in India

Coal power plant capacity falls in India, Paris Agreement goal still far

The decline is attributed to cheaper renewable energy resources and increasing public resistance towards polluting sources

Renewable energy power generation classified as essential services

The ministry asked all states to exempt renewable energy generating stations from Section 144, nationwide lockdown, curfew and any restrictions in the movement of necessary staff and products.

Centre allows time extension for solar projects facing supply disruption

Supply chain disruption due to Corona to be considered Force Majeure

MNRE removes cap on bids for renewables, industry says decision ill-timed

Industry has been asking for removing caps when market conditions favoured higher tariffs; the govt's move comes when tariff has reduced

Use of fossil fuels for power at turning point as renewables surge: Report

The data also indicates that renewable power generation increased at a faster rate than the overall growth in power output for the first time

Power Minister dedicates 11 renewable energy management centres to nation

Singh also inaugurated the Northern Region Renewable Energy Management Centre (NR-REMC) at a function

RSDCL, NTPC sign agreement to develop 925-Mw solar park in Jaisalmer

As per the agreement, RSDCL will develop infrastructure in the solar park and NTPC will develop the solar projects

Tata Power to scale down generation, focus on T&D, renewable for growth

Tata Power is also in the process of monetising non-core assets

Flickering interest in 'round the clock' power

Renewable energy players are doubtful if any mainstream player will even evince interest

Budget 2020: Rs 22,000 cr outlay for power, renewable energy sector in FY21

State governments need to replace conventional electricity meters with pre-paid smart meters in three years, she said