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Renewable energy: Evolving a strategic interest for states

According to reports, increasing the share of Renewable Energy (RE) is considered an important energy policy goal globally. It has rightly received significant public policy attention in India, including a separate ministry and national missions aspiring to achieve ambitious RE targets. The Ministry of New and Renewable Energy (MNRE) has recently revised the targets five-fold for solar from 22GW to 100 GW by 2022. It is also considering a National Wind mission. RE appears to be a desirable strategy for ... Read More »

Winds of change or mere passing clouds

According to reports, coming as it did after the lukewarm response to the issues of Adlabs Entertainment Ltd. and Ortel Communications, the initial public offering of Inox Wind Ltd. was supposed to be a test of the market’s appetite in general. It has passed the test with flying colours, what with a subscription of 18 times. And in doing so, it has also given a hint about how investors may be viewing the renewable energy sector. Is this enough clue ... Read More »

Odisha MP for greener, sustainable energy for his constituency

According to reports, with an aim to provide energy access to people with greener and sustainable alternatives, a Lok Sabha MP has planned a host of development activities in his constituency based on renewable energy.  Second-time Lok Sabha MP Kalikesh Narayan Singh Deo of Biju Janata Dal has supported a study to assess the potential of low carbon development and clean energy access in his constituency Bolangir in Odisha. “The study is currently under progress and is likely to provide ... Read More »

Govt in talks with lending agencies to raise $3 bn for solar power projects

According to reports, India is in talks with more than half-a-dozen leading multilateral funding and lending agencies to try and raise at least $3 billion for solar power projects that will help meet its ambitious renewable energy target, cut the oil import bill and bolster the nation’s position at climate change talks later this year. The National Democratic Alliance (NDA) government is in talks with lenders such as the Asian Development Bank (ADB), the World Bank, Germany-based KfW Bankengruppe, the ... Read More »

Greenko Profits Rise As Revenue Surpasses USD100 Million

Greenko Group PLC Monday said it outperformed the whole of its previous financial year in the last nine-months of 2014, as its reported a significant rise in profit, earnings and revenue and continued to build up its capacity through acquisitions. The owner and operator of clean energy projects Monday released its financial figures for the nine-month period ending December 31 after it changed its financial year to align it with a calendar year. Still, Greenko reported a rise in profits, ... Read More »

Energy storage sector upbeat about renewables, micro-grid opportunities

According to reports, renewable energy is here, can ‘storage’ be far behind? This industry riff captures an emerging mega trend, one that is underscored by three recent announcements. The first was that of the US renewable energy major, SunEdison, wanting to purchase 1,000 vanadium flow batteries from another US company called Imergy Power. A couple of months back, SunEdison had announced that it would jointly power 5,000 villages and small towns in India in collaboration with OMC Ltd, a company ... Read More »

Cheap power must be balanced with green energy, says Goyal

According to reports, Piyush Goyal, Minister for Power, Coal, New & Renewable Energy, said cheap power has to be balanced with green power. Making energy affordable and reliable for users, has been a challenge so far, he said. At a session on ‘Global Dependence and Energy Security’ at Urja Sangam – 2015, Goyal said one way to address the problem of energy security is by strengthening it by harnessing and utilising domestic resources such as coal, sun and wind. Innovative ... Read More »

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