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Indian firms line up for Welspun’s green projects

According to reports, Hero Future Energies, ReNew Power and Reliance Cleangen are evaluating the renewable energy portfolio of Welspun Enterprises. Welspun Renewables, wholly-owned green energy arm of Welspun Enterprises, is selling equity stakes in its solar and wind power projects. SoftBank, earlier keen to pick up stakes in the projects, has dropped out. Welspun Renewables was raising capital through equity sales, said a person close to development. Persons in the know said domestic and foreign companies were in the fray ... Read More »

Sebi to make corporate, green bonds investor friendly

According to reports, the board of the Securities and Exchange Board of India (Sebi) in its meet on Monday is expected to ease norms for trading in corporate bonds. The regulator is also likely to frame the guidelines to list the so-called green bonds on domestic exchanges. To make the bond market transparent and investor friendly, Sebi will address the issue of listing of such privately placed bonds on the exchange platform for secondary market transactions. Typically, a company issues ... Read More »

India, 19 other nations pledge to promote clean technologies

According to reports, twenty countries, including India, the US and China, will launch an initiative to double their clean energy research and development budget over the next five years as part of global efforts to tackle climate change. The total amount of money being committed by these 20 countries – under Mission Innovation — amount to USD 20 billion, about half of which would come from the US, White House officials said.  A formal announcement of the initiative is expected ... Read More »

India set for Paris climate meet with grand plans on renewables

According to reports, seeking a grand alliance among 122 nations to pursue solar energy, India is set to make a significant impact at the 12-day climate change conference in Paris, with Prime Minister Narendra Modi himself unveiling the country’s position on Monday, the opening day. The Indian prime minister will be among the 147 heads of state and government who have, thus far, consented to attend the event – officially called the 21st Session of the Conference of Parties under ... Read More »

Govt. bats for revising RPO target to 10% by 2022

According to reports, the government is looking at increasing renewable purchase obligation (RPO) targets from 3 per cent to 10 per cent so as to meet the one lakh MW solar capacity by 2022. Under the RPO, distribution companies (discoms) are mandated to purchase a certain amount of their power from renewable sources. The current tariff policy mentions separate percentages of RPO for solar and non-solar sources. “If we have to achieve the target of 1,00,000 MW of green power, ... Read More »

ABB showcases its multi-source microgrid

According to reports, ABB, a power and automation technology company, showcased its first full-fledged multi-source microgrid at the global customer fair — Automation and Power World (APW). The three-day fair, organised in New Delhi, closes on November 6. The microgrid is equipped with a battery bank for power storage and balancing, and can function independently or as a supplement to the main grid. Powered by solar and wind, it can generate up to 125 kilovolt ampere (kVA) — enough clean ... Read More »

India 5th on doing business in clean energy

According to reports, considering India’s notable policy reforms in the renewable energy sector, Bloomberg New Energy Finance has ranked the country at fifth place on a list of 30 countries on ease of doing business in the renewable energy space. The ranking done by Bloomberg New Energy Finance’s annual Climatescope report indicates that clean energy’s centre of gravity is shifting from developed to developing countries. The report ranked China in the first place, followed by Chile, Brazil, South Africa and ... Read More »

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