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India has makings of becoming “clean energy world capital

According to reports, Prime Minister Narendra Modi on Sunday chaired a roundtable meeting on renewable energy, with top energy CEOs and experts, in San Jose. Among the views expressed at the roundtable, was a clear assertion that India has the makings of becoming the “clean energy world capital.” Dr. Ernest Moniz, Secretary of Energy, United States; and Prof. Steven Chu, former US Secretary of Energy were present at the roundtable meeting. Top energy CEOs and investors, including Ahmad Chatila, CEO ... Read More »

India indicates willingness to raise share of renewables in energy mix with help from US

According to reports, India on Monday said it will alter its energy mix in a way that renewables will occupy a greater proportion in the future, making it clear that it’s willing to take more responsibility in the days ahead. Prime Minister Narendra Modi told US President Barack Obama that he was willing to participate in shaping an “ambitious agenda” ahead of the Paris meet on climate change. “President and I share an uncompromising commitment on climate change, without affecting ... Read More »

Renewable energy sector has potential to grow: PTC India

According to reports, PTC India Financial Services has sanctioned loans worth Rs 1000 crore in its board meeting last week. The loan is sanctioned in the renewable growth sector, Ashok Haldia, Managing Director (MD) & Chief Executive Officer (CEO) of the company told CNBC-TV18. Haldia said the renewable energy sector – wind and solar – is most efficient and will grow further. Of the total loan book, 45 percent plus loans has been sanctioned on 50 renewable energy projects, he ... Read More »

PM Modi chairs roundtable on renewable energy with top CEOs

According to reports, Prime Minister Narendra Modi on Sunday chaired a roundtable on renewable energy with top energy CEOs and experts during which he emphasised India’s commitment to realize the vision of 175 GigaWatts of clean energy by 2022. At the roundtable, which was also attended by US Energy Secretary Ernest Moniz, Modi gave an overview of initiatives undertaken in India in the area of renewable energy, such as Kochi airport becoming a solar-powered airport and solar panels being installed ... Read More »

Rush of foreign investments into renewable sector turns industry cautious

According to reports, Italian renewable major ENEL Green’s $33 million buy-out of a majority stake in BLP Energy has come close on the heels of US-based SunEdison acquiring Continuum Wind Energy at an enterprise value of an estimated $650 million. The latter deal happened three months ago, but these developments signal a rush of foreign strategic investors into India’s renewable energy sector, following Narendra Modi-led government’s ambition to add 175 GW renewable capacity by 2022 to the exising 36.3 GW ... Read More »

India, US activated backroom talks on climate change

According to reports, days before the visit of Prime Minister Narendra Modi, the US began a serious attempt to seal a bilateral climate change agreement with India. The US President Barack Obama’s senior advisor in the White House, Brian Deese, was sent on a special one-day mission to Delhi to touch base with an array of top officials in the NDA government to look at the possibility of such a bilateral agreement on climate change technologies. The series of meetings ... Read More »

Musk, Modi talk of powering rural India with Tesla tech

According to reports, Prime Minister Narendra Modi’s visit to Silicon Valley-based electric car manufacturer Tesla largely revolved renewable energy and storage technologies which can be game changing in serving the energy needs of undeserved rural regions of India. Discussions between Tesla CEO Elon Musk and the Prime Minister largely revolved around bringing innovations as the company’s Powerwall, which is a long-term storage device for solar energy, to India. “Tesla CEO Elon Musk and Prime Minister Modi discussed Tesla’s developments in ... Read More »

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