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15% of India’s power by 2030 to be green, says NITI Aayog

According to reports, the National Institution for Transforming India (NITI) Aayog has told the environment ministry that renewable sources can make up at least 15% of India’s energy mix by 2030 if present policies are given a push. This analysis was done as part of the government’s strategy to enumerate India’s climate action plan to be submitted to United Nations. The action plan, called Intended Nationally Determined Contributions (INDCs), is awaiting Cabinet approval and is expected to be made in ... Read More »

Brookfield plans India move, looks at Mytrah, Leap Green

According to reports, NYSE-listed Brookfield Asset Management is taking its second bet on the Indian green energy sector and is evaluating a potential investment in companies such as Mytrah Energy Ltd and Leap Green Energy Pvt. Ltd. Brookfield Renewable Energy Partners, controlled by Brookfield Asset Management and with around $200 billion in assets, operates one of the largest publicly-traded green energy platforms globally with 7,300 megawatts (MW) of installed capacity. “Brookfield has been firming up its India plans and has ... Read More »

Energy efficiency is low hanging fruit, says Bosch chief

According to reports, Bosch India sees ‘energy efficiency’ as a ‘low hanging fruit’ and expects to have a major play in that area. In the two years that Bosch has been in that business — an entity owned by it is registered as an ‘energy saving company’ (ESCO) by the Bureau of Energy Efficiency —the company has seen a attitudinal change in its customers, says Dr Steffen Berns, President and Country Head, Bosch India & Managing Director, Bosch Ltd. An ... Read More »

Telecom tower companies turn to renewable energy amid pressure of fixed rentals & costly power

According to reports, telecom tower companies are looking for ways to reduce power consumption and exploring the option of renewable energy amid mounting pressure of fixed rentals from leased slots and costly diesel generated power. Power and fuel used to run telecom towers account for about 60% of a telecom operator’s cost, according to Mohit Rana of AT Kearney, and of this diesel makes up 40%. Although the crash in crude oil prices spells a relief in the coming days, ... Read More »

Renewable energy on PM’s US agenda

According to reports, after a bitter aborted engagement with Pakistan, Prime Minister Narendra Modi is headed westwards again. Unlike the recent bout with Pakistan, the next visit is a more scripted affair. Come September, Modi will be turning his routine trip to the UN General Assembly into another exercise in which he will be touching on a number of issues. For starters, the PM will dispense with the standard transit stop in Frankfurt. Instead, he will be stopping over in ... Read More »

Renewable energy: MERC flays MSEDCL

According to reports, Maharashtra Electricity Regulatory Commission (MERC) has expressed displeasure over MSEDCL’s failure to meet its target for purchase of renewable energy. MSEDCL has been asked to set up a separate fund for buying renewable energy this fiscal. In line with centre’s directives, MERC had issued renewable purchase obligation (RPO) regulations wherein target for purchasing renewable energy is specified for every fiscal. The regulations were specified in 2010-11 and that year the target was 6.1% — 0.25% solar, 5.75% ... Read More »

Get dividends from renewable energy assets

According to reports, recently, TerraForm Global, a YieldCo sponsored by the US renewable energy major, SunEdison, raised $742 million through its IPO. A notable feature of TerraForm Global is that all of its assets — operational wind and solar plants — are in the emerging markets of India, China, Brazil and South Africa. Nasdaq-listed TerraForm Global owns 1,292 MW of wind and solar plants created or acquired by SunEdison in India. YieldCos, companies created by hiving off operating assets with ... Read More »

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