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  • Latest Renewable Energy News

    India’s flagship green energy event put off

    According to reports, the annual renewable energy event RE-Invest, which was launched with aplomb in 2015, has been postponed for the third time, indefinitely now. Industry insiders and government officials said lack of sponsors and interest from the industry led to the postponement of the event. The response from the clean energy industry is due to the fact that most renewable energy companies are nowhere close to meeting their committed targets for capacity addition, according to government officials. RE-Invest was ... Read More »

    UDAY a welcome step for issues concerning discoms: Anil Chaudhry, Schneider Electric

    According to reports, in an exclusive chat with ET Nowm Anil Chaudhry, Country President & MD, Schneider Electric, said that the industry is seeing short-term challenges in the back of demonetisation. ET Now: Do you think schemes like UDAY or IPDS provide a new lease of life to the power sector and what are you expecting from the budget as well? Anil Chaudhry: So UDAY is a very welcome step to restructure that which most of our discoms have been ... Read More »

    Solar power-lit Bhat auditorium to open soon

    According to reports, the Nagpur Municipal Corporation (NMC) is set to open city’s biggest hall, Suresh Bhat Auditorium with a seating capacity of 2,000, soon. The auditorium will become the city’s first to be illuminated with solar power. The standing committee headed by Sudhir Raut, on Monday, approved the proposal to set up solar power production system at the auditorium at a cost of Rs1.18 crore. The private firm, Sadique and Company, constructing the auditorium will set up the system. ... Read More »

    Now, go on mini-cruise with Solar-powered ship at Sukhna lake

    According to reports,  How about partying in the middle of Sukhna Lake? In a first of its kind initiative Chandigarh Industrial and Tourism Development Corporation Ltd (CITCO) has introduced a solar mini-cruise ship in the Sukhna Lake, which is the most visited tourist spot in Chandigarh, to further boost tourism in the city. Though for now it is on trial basis, there is possibility that in first half of New Year, city will have more than one solar mini-cruise ship ... Read More »

    DMRC to develop Ecology Park using scrap material

    According to reports, after setting the tone for transportation in the national Capital, the Delhi Metro is now leading the way in cleaning up after itself. In a move to save the environment, the Delhi Metro Rail Corporation (DMRC) is developing an Ecology Park using scrap material and leftovers from its own construction sites. The park, spread over 42,000 sqm in Shastri Park, will have on display the artworks created out of waste by 12 artists. It will soon be ... Read More »

    Welspun Enterprises sells its stake in Welspun Energy

    According to reports, Welspun Enterprises Ltd, formerly Welspun Projects Ltd, part of the US$ 2.3 billion Welspun Group, announced its plans to divest its stake in Welspun Energy. Post sale of its renewable business, WEL’s 15.49% minority stake in Welspun Energy does not contribute to the consolidated results of the Company. In order to unlock value for the Company, the Board of WEL authorised the monetisation of this stake, subject to shareholders’ approval. As against its investment of Rs 911 million, the stake is ... Read More »

    New power tariff structure in works, large domestic consumers to be charged more

    According to reports, the burden of subsidising the power bills of agricultural and low-income families is set to move from industrial consumers to large domestic and commercial consumers of electricity. The government plans to introduce a new tariff structure to charge more from large domestic power consumers rather than industrial units that currently share the cross subsidy burden. Most states categorise households consuming more than 800 units of power a month as large domestic consumers. The government is also working ... Read More »

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