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  • Latest Renewable Energy News

    Big jump in renewable energy certificates trading volumes

    According to reports, the marked pick-up in the demand for renewable energy certificates that was seen in the trading session for May, which was held on Wednesday, has been attributed to a recent judgment of the Supreme Court. As many as 256,579 non-solar and 83,189 solar RECs were sold on the two country’s energy exchanges—IEXL and PXIL—roughly four times the volumes seen in April. These RECs were worth Rs. 38.5 crore and Rs. 29 crore, respectively. Comparatively, in May 2014, ... Read More »

    Renewable energy gains momentum in India: US

    According to reports, the US has praised India for its “considerable momentum” towards clean energy, saying that over 10 per cent of the country’s electricity will come from renewable energy by 2022. “India has put forward a target of 175 gigawatts of renewables by 2022, which would mean well over 10 per cent of their electricity would come from renewable energy by that year,” Rick Duke, Deputy Director White House Office of Energy and Climate Change said. “So we see ... Read More »

    Biogas Potential in India

    According to reports, Biogas is a form of renewable energy produced from organic matter through a biological process. It is typically derived from anaerobic digestion or fermentation processes and can be produced from a diverse range of organic feedstocks including biomass, sewage, agricultural waste, certain industrial wastes (e.g. from the food & beverage manufacturing sector) and municipal waste. Renewable energy from biomass is one of the most efficient and effective options among the various other alternative sources of energy currently ... Read More »

    Have increased loans to renewable energy business: PTC Fin

    According to reports, non-banking financial company PTC India Financial Services has increased its loans to the renewable energy business, Pawan Singh, Director and CFO of the company tells CNBC-TV18. Singh is optimistic on the company’s asset quality and business growth. PTC’s net interest margin for the March quarter was 6.04 percent and for FY15 as a whole, it was 6.3 percent. Gross non-performing assets stood at 1.28 percent of the total assets. Below is the transcript of Pawan Singh’s interview ... Read More »

    Rays Power commissions 31.5 MW solar photovoltaic project in Punjab

    According to reports, engineering firm Rays Power Infra today said it has commissioned 31.5 MW solar photovoltaic project of Mumbai-based Pan India Infra Projects in Punjab. “Rays Power commissioned 31.5 MW utility scale photovoltaic solar power project in Punjab, which was developed in two phases of 21 MW at Lakhmirwala and 10.5 MW at Barre, in Mansa districts,” a statement issued here stated. With this project, Rays Power’s commissioned project portfolio has reached 99 MW in the solar sector alone. ... Read More »

    Risk premium was high before Modi arrived: Tulsi Tanti

    According to reports, stating that the Narendra Modi government had done reasonably well in its bid to attract investments into the country, especially into the renewable-energy sector, Suzlon chief Tulsi Tanti said India was now attracting more foreign direct investments (FDI), as compared to largely portfolio investments that it was pulling in earlier. “Earlier [before the formation of the Modi government], risk premium used to be high. Investors would keep the bar of expected returns high due to anticipated risks ... Read More »

    JBM to invest Rs 1,600 crore on solar power vertical

    According to reports, JBM group’s ambitious 1,600 crore foray into solar power will be funded by a mixture of equity and debt. The solar diversification, to be called JBM Solar, will conduct ground-mounted and roof top power projects. This is the second big diversification by the auto component manufacturer after its bus making facility. “Our 1,600 crore investment in the solar business will comprise 25% equity and 75% debt,” said Nishant Arya, executive director, JBM Group. “The equity element will, ... Read More »

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