Page 18 - Renewable Energy

ENGIE to reduce share in renewable projects, sell 74% stake to Edelweiss

The deal, expected to be closed by the first half of 2020, is estimated to help ENGIE reduce its debt by Euro 400 million

Govt must include opportunity cost of imports in gas pricing: ONGC chairman

In an interview with Jyoti Mukul, ONGC chairman talks about India's move towards a gas-based economy, future of ONGC and the rise of renewable energy in India

The inequality debate we need

Rich countries need to start thinking about how to deal with global energy inequality before it's too late

SoftBank in talks to sell stake in India's renewable energy venture: Report

A SoftBank representative in India did not immediately respond to an email request from Reuters for comment

Rate woes of renewable energy firms may stress NBFC books further: Icra

Infrastructure finance companies might have to brace for additional pressure on asset quality from exposure to renewable energy (RE) projects, which face rate risks. These non-bank finance companies (NBFCs) are already affected by the slow resolution of their stressed thermal energy assets, according to rating agency ICRA. The segment's total exposure to the RE segment was pegged at Rs 90,000 crore at end-September. The trajectory of total infrastructure credit in India (from banks and infra NBFCs) had flattened in the six months ended September 2019, the first half (or H1) of financial year 2019-20. hile infrastructure credit grew 19 per cent in 2018-19, to Rs 21.1 trillion, it rose only marginally to Rs 21.2 trillion in H1 of 2019-20.The uncertainty regarding rates in some southern states has led to rating downgrades for power companies that have raised money from lenders. The ratio of the number of upgrades to the number of downgrades in the power sector declined to less than one ..

India extends $75 mn line of credit via EXIM Bank for solar parks in Cuba

Banco Exterior De Cuba is a nominated agency of the Government of Cuba

20 key industrial, political and economic developments to expect in 2020

Where is the Sensex headed? will the economy turn around? what about sectors like auto, pharma, consumer goods and infra? Business Standard tells you what to expect in the new year

Delay in project execution, Icra revises outlook for RE sector to negative

Looking at the challenges, Icra said it expects no growth in capacity addition in FY2020 and will remain at about 8.5-9.0 GW similar to FY2019

Sales of green certificates down 10% to 504,000 units in December

Under the renewable purchase obligation, bulk purchasers like discoms, open access consumers and capacitive users are required to buy certain proportion of RECs

Dilip Shanghvi staring at huge loss as Suzlon Energy heads to bankruptcy

Dilip Shanghvi, the Sun Pharma promoter has 23% in renewable power firm that has failed to get debt recast plan

India set to cross 100-GW renewable energy capacity mark in 2020

India's installed renewable energy generation capacity touched around 86 Gw by November-end. This includes solar, wind, small hydro, biomass, waste to energy and others

NTPC to invest Rs 50,000 crore to add 10GW solar energy capacity by 2022

The source also said the company intends to capitalise on real time power market, which is just three months away

Infrastructure players ask govt to bring captive renewable energy policy

They also asked to make finance available for real estate and affordable housing

Coal Min to set up sustainable development cell to promote clean mining

This move gains significance as the new private entities are now going to form a significant part of the future

Public sector enterprises gradually diversifying into green energy

Coal India Ltd (CIL) has announced plans to develop 20 GW of solar capacity over 10 years at an estimated investment of Rs 1 trillion

Tamil Nadu overtakes Karnataka to become No 1 in renewable energy

Of the total renewable power generation in the country, nearly 17.2 per cent was from Tamil Nadu

ReNew Power forms joint venture with Korean major GSE&C for Rajasthan unit

ReNew Power to hold 51% equity under the partnership, balance with GS E&C

Three Nobel science laureates stress urgency of addressing climate change

Winners of the prizes in physics, chemistry and economics made the assessment Saturday at a news conference ahead of next week's presentation of the prizes.

TN, Rajasthan, Karnataka plan to shut door on new coal plants: Study

Karnataka, Rajasthan, Tamil Nadu are states with the highest RE (renewable energy) potential in the country

IKEA to spend 200 mn euros to cut carbon emission, turn 'climate positive'

In September Ingka Group, which owns most IKEA stores, pledged to exceed its 2020 target to produce as much renewable energy as the energy it consumes by the year's end