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    Indian renewable energy market to witness strong growth: Moody’s

    According to reports, as India is moving towards meeting its commitments under the Paris agreement on climate change, its renewable energy market is likely to witness a strong growth over many years, says Moody’s Investors Service. “However, renewable energy projects face challenges related to the weak credit quality of offtakers, an evolving regulatory framework, as well as financing and execution risks,” Moody’s vice-president and senior analyst Abhishek Tyagi said in a statement issued here. According to the rating agency, India’s ... Read More »

    Indian Railways to add 400 Megawatt solar power capacity current fiscal

    According to reports, the Indian railways, which is working on an ambitious plan to reduce its dependence on conventional fuels and cut down energy bill, is planning to award 400 Megawatt (Mw) of solar energy generation capacity in the current financial year. The transporter plans to award 200 MW of rooftop solar and 200 MW of land-based solar energy capacity in the current fiscal. Overall, railways has a target of installing 1,000 Mw of solar power and 200 Mw of ... Read More »

    Mumbai housing society switches to solar power, saves Rs 2 lakh a month on electricity bills

    According to reports, residents of a housing complex in Kandivli are leaving no stone unturned in reducing their carbon footprint. Be it rainwater harvesting, use of solar power, installation of LED bulbs, getting waste water treatment plants or maintaining a green cover, the 230 families residing in Raheja Eternity have gone all out to develop a sustainable living environment. The residents of the 20-storey building have reduced their dependence on the electricity grid by nearly 60% by using solar power ... Read More »

    Apple Plans to Move to 100 Percent Renewable Energy in India

    According to reports, Apple plans to run all its business in India on 100 percent renewable energy in the next six months, Gadgets 360 has learned. According to sources, this was one of the things that the company told Prime Minister Narendra Modi, who is presently on a tour of the United States. On Sunday, PM Modi met with the heads of 20 of the leading US technology firms, including Tim Cook of Apple, Sunder Pichai of Google, and Jeff Bezos ... Read More »

    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 »

    Power Grid to spend Rs 91,000 cr in three years

    According to reports, Power Grid Corporation of India (PGCIL) is placing a bet on turnaround of the distribution sector and prospective demand from states. “In intra-state transmission, Rs 1.5 lakh crore worth of work is expected. The positive impact of UDAY (the scheme for the distribution sector) and the Centre’s various reform programmes in states would kick-start investment in sub-transmission and distribution,” the government-owned company said in a presentation to its investors after the March quarter results. UDAY or Ujwal Discoms ... Read More »

    Adanis set up ₹315- crore solar PV plant in UP

    According to reports, the Adani Group, a global integrated infrastructure conglomerate, on Tuesday announced commissioning of a 50-megawatt solar PV plant in Mahoba district, Uttar Pradesh, under the National Solar Mission Scheme. The plant has been set up with an investment of ₹315 crore. The technology used for setting up this plant includes String Inverter Technology with crystalline silicon modules that allows miniature level control of solar power generation. The transmission line runs up to 21.5 km. The power generated ... Read More »

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