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Category Archives: CleanTech/ Renewable Energy

Hero Future Energies eyes renewable assets of Equis energy

According to reports, Hero Future Energies, the renewable energy arm of the Pawan Munjal led Hero Group is evaluating options for its biggest bet yet in the burgeoning clean energy segment. The company backed by IFC, the private sector investment arm of the World bank is eyeing the renewable energy portfolio of Singapore based Equis Energy, sources familar with ongoing negotiations told ET NOW on the condition of anonymity. Credit Suisse & JP Morgan have the sale mandate for the proposed ... Read More »

Renewable power to GUVNL’s rescue

According to reports, renewable energy generation, which has crossed 3,400 MW, has come as a big relief for state-run power utility Gujarat Urja Vikas Nigam Limited (GUVNL), which has been forced to buy costly gas-based power in the wake of lower supplies by top private power producers. Solar power generation has gone up to over 750 MW in the past few days, while wind power generation has been above 2,500 MW due to gusty winds. Energy expert KK Bajaj said ... Read More »

Renewable energy no longer a niche to institutional investors

According to reports, institutional investors remain eager to put money to work on renewable energy projects even as U.S. President Donald Trump has vowed to revive their chief competitor: coal, financial executives said at a conference this week. “Five or six years ago, funds weren’t specifically targeting renewable investment; today it’s a key component of infrastructure investment,” said David Giordano, managing director and head of North American, Latin American and Asia Pacific investments at BlackRock, on the sidelines of the ... Read More »

IREDA awaits RBI nod to issue green masala bonds

According to reports, the Indian Renewable Energy Development Agency (IREDA) is waiting for the approval of the Reserve Bank of India to issue green masala bonds having a tenure of five years to raise close to $300 million, a source said. A masala bond is a rupee-denominated bond issued in the overseas market. A green bond is used to raise money to fund green projects. The central bank recently issued a new notification stating that all proposals for issuing masala bonds ... Read More »

India’s clean energy sector could create 300,000 new jobs by 2020: Study

According to reports, more than 300,000 new workers can be employed in wind and solar jobs and more than one million total employment opportunities can be created in achieving India’s ambitious clean energy goals to install 175 gigawatts (GW) of renewable power by 2022, said a study released on Wednesday. It highlighted that the solar and wind energy sectors employed more than 21,000 additional people across India in 2016-17 while an additional 25,000 people will be employed over the coming ... Read More »

‘Over the next decade solar cost will come down by 60 per cent’

According to reports, as the Director-General of the Abu Dhabi-headquartered International Renewable Energy Agency (IRENA) since its inception in 2011, Adnan Z Amin, is an authority on renewable energy economics. BusinessLine grabbed the Kenyan economist for a chat on the sidelines of the 8th Clean Energy Ministerial, Beijing, that took place on June 8. A keen observer of India’s tryst with renewable energy, Amin makes certain oblique references to the re-opening of power purchase agreements in India after they are ... Read More »

Why India’s smart grid infrastructure is integral for power sector

According to reports, globally, the digital revolution has increased need for electricity with greater reliability and better quality than is typically delivered through conventional power distribution systems. As more manufacturing processes and service industries become dependent on digital services, the requirement for high security, quality, reliability, and availability of an electric power supply will only go up. India’s existing infrastructure has been designed for large conventional sources of energy that involves manual intervention and oversight. However, with the government’s thrust ... Read More »

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