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‘Investor commitments received for 1.3 L MW renewable energy’

According to reports, even before the first-ever meet for attracting investment in renewable energy sector starts, the country has received commitments to create 1.30 lakh MW generation capacity, Power Minister Piyush Goyal said today. “We have received commitment for investments for nearly 1.3 lakh MW of renewable energy from both the domestic and international players,” Goyal today said, speaking here on sidelines of an event organised by VASVIK.  The government, which is targeting an investment of USD 100 billion in ... Read More »

Maharashtra govt’s draft policy on renewable energy sector to be out

According to reports, the Maharashtra government today said that a draft of its integrated policy for the renewable energy sector, which is aimed at reducing the state’s carbon footprint and boosting the renewable energy sector, would be made public within the next fortnight. “A draft of our integrated policy for the renewable energy sector, where we will produce energy through solar, wind and co-generation, should be out in the next 10-14 days. It will be put up on the government ... Read More »

Need to ramp up power generation from green sources: Govt

According to reports, Railway Minister Suresh Prabhu today said there is a need for increasing power generation from green sources and the government aims to have 1 lakh MW renewable power capacity in the next few years. “We really need to introduce a huge element of renewable energy and I am very happy that India has taken a lead. The ministries of Power and Renewable Energy have decided to together take one lakh megawatt…In the next few years time and ... Read More »

Why the US backs India’s great solar bet

According to reports, with the US committing $4 billion (Rs 24,400 crore) to India’s renewable energy sector at a time when energy-starved India is under pressure to cut carbon emissions, Prime Minister Narendra Modi’s motto of “energy to all” could not have had a better boost. The $4 billion deal will mainly comprise loans from US banks and financial institutions. In addition, a memorandum of understanding was signed earlier this month between US-based Sun-Edison Inc and Adani Enterprises to invest ... Read More »

Surya Roshni eyes Rs 500 cr revenue from LED over 3 yrs

According to reports, lighting firm Surya Roshni is aiming for Rs 500 crore revenue from the light-emitting diode (LED) segment in the next three years. It entered the LED business last year by investing around Rs 50 crore, and is looking to invest more as it sees this segment as the future of lighting. “The company has already invested Rs 40-50 crore and is also planning to invest further. Surya shall strive to achieve a revenue of Rs 500 crore ... Read More »

Clean energy: US to place investment officer in India

According to reports, to mobilise private capital in the clean energy sector, the US has agreed to place a field investment officer in India apart from hosting a series of events to overcome strategic barriers in accelerating institutional and private financing. “USAID will install a field investment officer in India this summer backed by a transactions team to help mobilize private capital for the clean energy sector. “In February, the United States will host the Clean Energy Finance Forum and ... Read More »

US agencies commit $4 bn for Indian renewable energy sector

According to reports, in one of the biggest deals for the growing renewable energy sector in India, US federal agencies have committed a total $4 billion for both projects and equipment sourcing. The officials who were close to the developments that happened at the ‘US-India Business Summit’ said three US federal agencies have made separate commitments to pump money in the Indian clean energy sector. US TRADE and Development Agency (USTDA) has decided to leverage $2 billion loan to renewable ... Read More »

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