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  • Latest Renewable Energy News

    NLC may scrap Odisha solar project on poor response

    According to reports, solar is not cheap everywhere and this is what Neyveli Lignite Corporation has learnt. The public sector ‘navratna’ company floated a tender for turnkey contract for building 250 MW of solar projects in Odisha, but the entire programme is in danger of getting scrapped. The tender asked bidders to name their prices under two categories — using only locally made cells and modules, with ‘viability gap funding’ from government of India, and in the ‘open’ category. In ... Read More »

    Mitsui Group said to be looking for a role in India’s clean energy story

    According to reports, taking a cue from JERA Co. Inc., Japan’s Mitsui Group is looking at investments in India’s clean energy sector. Interest from one of Japan’s largest corporates in India’s renewable energy play comes in the backdrop of India courting investments for its clean energy sector. India has witnessed record low solar and wind tariffs due to falling equipment prices and the lower cost of raising finances. This in turn has put the focus on so-called patient capital, which ... Read More »

    Price of solar power may fall further in FY18

    According to reports, solar power generation costs are set to dip further during third and fourth quarter of 2017-18, helped by expected softening of interest rates and a drop in solar panel prices due to a supply glut in the international market, analysts say. Solar power costs had hit a low of Rs 3.30 per unit last month, which is equal to average generation tariffs of NTPC, which produces bulk of its power from coal. NTPC’s lowest cost of generation ... Read More »

    Germany provides 200 mn euro for India’s Energy Efficiency Programme

    According to reports, India and Germany on Friday inked an over 200 million euro (Rs 1,400 crore) loan agreement, taking the total German commitment for better energy efficiency in India to 600 million euro (Rs 4,200 crore), a statement said. The agreement, inked at the German Embassy in the presence of German Ambassador Martin Ney, was between the German Development Bank (KfW) on behalf of the Federal Ministry for Economic Cooperation and Development (BMZ) and Energy Efficiency Services Limited (EESL), ... Read More »

    Nokia, Tata Power-DDL to jointly modernise electrical grids

    According to reports, Nokia and Tata Power Delhi Distribution Ltd will be enabling an Internet Protocol/Multiprotocol Label Switching (IP/MPLS) network to support the management of its electrical grid in North and North-west Delhi. This is Tata Power-DDL’s area of operation, according to a press statement. The statement said that the deployment has enabled Tata Power-DDL to support mission-critical operational services as well as traditional business and IT services all on a single communications network. Teleprotection makes it possible to detect the ... Read More »

    Government’s renewables push to power up equipment makers

    According to reports, the government’s recent and upcoming auctions of renewable energy projects may provide a boost to the stocks of Ujaas Energy, Suzlon Energy and PTC India, which are engaged in green energy production and financing. Suzlon and PTC India are expected to be the beneficiaries of the government’s 1000 MW wind power auctions last month. The power generated will be supplied to states that do not have adequate wind resources. Bid wins will provide more revenue visibility and ... Read More »

    FOR CLEAN ENERGY, KARNATAKA, AP ARE IN THEIR ELEMENTS

    According to reports, the Karnataka government is coming up with India’s first ever hybrid energy park (solar and wind) in Pavagada, a panchayat town in Tumakuru district, in the hope of wooing investors who also have a market in Andhra Pradesh’s Anantapur district nearby. Karnataka and Andhra Pradesh have always competed with each other in luring investors with industry-friendly incentives – earlier it was in the IT-BT sector, now it’s in the Energy sector. While Karnataka garnered the nation’s attention ... Read More »

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