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Daily Archives: July 3, 2017

‘Govt push for renewable energy augurs well for India’s green bond market’

According to reports, since India signed the Paris climate deal in 2015, a number of public and private companies have sold green bonds to raise money. Companies such as Renew Power Ventures, Greenko Group, IDBI Bank, Axis Bank and NTPC Ltd have raised large sums through green bonds. In an interview, Rahul Sheth, executive director, capital markets, Standard Chartered Bank, comments on the latest developments in the green bonds market. Sheth, based in Singapore, heads global green bond practice for ... Read More »

NLC biggest winner in 1,500-MW Tamil Nadu solar auction

According to reports, India’s latest solar auction, one of the biggest in the country, drew a surprisingly enthusiastic response with a big chunk of the 1,500 MW of projects on offer won by a state-owned mining company. The lowest bid in the auction in Tamil Nadu, where solar radiation is weaker than in Rajasthan, came from Bengaluru-based Raasi Green Earth Energy, which won 100 MW at Rs. 3.47 per unit, according to a list of official winners provided by one of ... Read More »

Jobs in renewable energy sector see sharp spike in India

According to reports,India’s ambitious aim to install 160 GW of renewable energy by 2022 will have a positive impact on the country’s jobs market, a new study has predicted. The study says that more than 300,000 full-time workers will be needed in these five years and there’s potential to create around one million employment opportunities. Of the many segments of the renewables sector, the labour-intensive rooftop solar component will employ as much as 70 per cent of the new workforce creating ... Read More »

Renewable energy: Here is how to use subsidies for sustained growth

According to reports, at present, installed electricity generation capacity in India is about 330GW. About 17.5 % (57.5GW) is through renewable generation (wind: 32.3GW, small hydro:4.3GW, solar:12.5GW and balance biomass generation: 8.1GW). Renewable energy capacity is likely to reach 30% by FY19. The country has set an ambitious target of adding 175GW of renewable generation capacity comprising 100GW solar, 60GW wind and 15GW bio mass, small hydro and others by 2022. The solar capacity target includes setting up of 34 solar ... Read More »

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