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Tata Power Renewable Energy to invest in wind energy firms

According to reports, The Tata group’s renewable energy arm is in talks to invest in a wind energy firm, revving up deal activity in a sector that has lured General Electric, Goldman Sachs and the Asian Development Bank, as the company seeks to achieve its goal of adding as much as 300 MW to its portfolio annually. “We are currently speaking to three wind power companies based in Tamil Nadu, Karnataka and Maharashtra…We hope to close a deal soon as ... Read More »

Draft renewable energy Bill in a month

According to reports, the ministry of new and renewable energy is planning to roll out the first draft of the Renewable Energy Bill within a month’s time. This comes in light of the ambitious three-month timeline the ministry has given itself to finalise the legislation. “A technical committee is working on it and they are likely to get back to us with the first draft of the legislation in 20-25 days. After that we will put it out for inviting ... Read More »

Indus not to use diesel for 40k mobile towers; save Rs 300 cr

According to reports, Indus Towers today said it will have 40,000 mobile towers by March that will use alternative energy sources instead of diesel to reduce carbon emissions, saving around Rs 300 crore annually. “We have already invested Rs 360 crore in making 35,000 mobile towers green. Our definition of green tower is mobile towers running without diesel. This has led to saving of Rs 300 crore for us in energy cost which we will continue to save annually,” Indus ... Read More »

GERMI holds ‘Train the Trainer’ programme with support from Arizona State University

According to reports, Gujarat Energy Research and Management Institute’s (GERMI) eight-day comprehensive workshop – ‘Train-the-Trainer’ on off-grid solar photovoltaic energy systems began on Monday at its premises in Gandhinagar. The workshop has been organized in collaboration with the Arizona State University (ASU), USA as a part of ASU’s Vocational Training and Education for Clean energy (VOCTEC) Programme. This training programme is fully funded by the United States Agency for International Development (USAID). Dr Omkar Jani, principal research scientist, Solar Research ... Read More »

Scale up use of renewable energy in rural areas: MPs

According to reports, to ensure better energy access and availability, a group of MPs working to prevent climate change today requested the Rural Development ministry to scale up use of renewable energy in rural areas. The group also sought inclusion of use of renewable energy in the existing and new schemes, and demanded that the ministry should make a budgetary provision in this regard. “Climate Parliament India has asked the Minister of Rural Development to scale up the use of ... Read More »

India-US need to collaborate on renewable energy:Harsh Vardhan

According to reports, Science and Technology and Earth Sciences Minister Harsh Vardhan today said India and the US need to come together to work on developing renewable energy sources to develop cost effective and efficient products. The Minister was speaking at the India-US technology Summit organised by the Department of Science and Technology, the US Department of State and industry body CII, a statement said. Harsh Vardhan observed that the two countries are already working together in areas of health ... Read More »

US Ex-Im to sign a $1 billion financing arrangement MoU with IREDA

According to reports, the India-U.S. Technology Summit next week presents a “unique opportunity” for both countries to showcase how technology and innovation partnerships — both between governments and private sectors — can meaningfully change lives, Assistant Secretary of State for South and Central Asia Nisha Biswal has said. “Ours is truly a partnership for the people and centuries to come,” she wrote on the Indiaspora website. “Our work in the energy sector is a perfect illustration of the potential impact of ... Read More »

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