New Delhi: India is likely to install 54.7 GW of wind capacity by 2022 against the 60-GW target set by the government, Fitch Solutions Macro Research has said in a report. The country has set an ambitious target of installing 175 GW of renewable energy capacity by the year 2022, which includes 100 GW from […]
Category: Power
Power
Government’s solar park push is running into land acquisition and transmission challenges
Big targets get people talking. That is precisely what happened in June 2015 when the Narendra Modi government quintupled the target for solar power. By March 2022, the government said, India would have 1,00,000 MW of solar capacity. With this, the country placed a big bet on a future where clean energy would play a […]
International Solar Alliance funding to no longer carry foreign source tag
The International Solar Alliance, a global body for cooperation among solar resource-rich countries, will no longer be classified as a foreign source of funding for non-governmental organisations in India, the home ministry said. The decision was taken as part of India’s efforts to assist and help achieve the goal of increasing the use of solar […]
GIP in talks to buy RattanIndia solar power assets for $300 mn
Mumbai: Leading infrastructure investor Global Infrastructure Partners (GIP) is in advanced negotiations to buy the solar portfolio of RattanIndia Power Ltd (formerly India Bulls Power) for an enterprise value of about $300 million (Rs 2,000 crore), multiple people aware of the development told ET. “Due diligence of solar assets by GIP is over and currently […]
Indbarath Power unit goes into liquidation
A subsidiary of IndBarath Power has been pushed into liquidation by its financial creditors after they were unable to agree on a bid for one of the stressed power projects of the company. Axis Bank, Power Finance CorporationNSE -2.08 % and Rural Electrification CorporationNSE -2.75 % bickered over a bid by Alliance Projects as well […]
India-Bhutan sign Rs 4,500 crore Mangdechhu Hydro project’s power tariff protocol
Siliguri: Following prime ministerial level bilateral agreement between India and Bhutan, both the countries have finally signed tariff protocol for the output of 720 Megawatt Mangdechhu hydropower project. First yield of this Rs 4,500-crore Bhutan project is set to get into India’s national power pool by May-June this year. The agreement was signed by Bhutan’s […]
Share market update: BSE Power index down; Torrent Power falls over 1%
NEW DELHI: The S&P BSE Power index was down with its components trading mixed in Wednesday’s session. Shares of Adani TransmissionNSE 2.03 % (up 2.26 per cent), Adani Power (up 1.37 per cent) and Suzlon Energy (up 0.98 per cent) were the top gainers in the index. Torrent PowerNSE -0.94 % (down 1.59 per cent), […]
Ather Energy plans expansion, to enter Chennai in June
CHENNAI/BENGALURU: Ather Energy, has announced its plan to enter the Auto Hub of India, Chennai, in June. On the heels of its announcement of launching in multiple cities this year, Chennai is the second city the company is entering after its commercial launch in Bengaluru in 2018. With this, Ather enters its rapid expansion phase, […]
Tata Power to focus on clean energy, won’t build new coal-fired plants: Report
NEW DELHI: Private power producer Tata PowerNSE 0.15 % will lead the nation’s renewable energy transition with gradual withdrawal from building new coal fired power plants, a report said. The country’s largest private integrated power company has recently made it clear that it will cease to build new coal-fired power capacity, according to ‘Tata Power: […]
ICRA projects 7-7.5 GW solar power capacity addition in 2019-20
NEW DELHI: Rating agency ICRA said Tuesday that it has estimated 7-7.5 GW solar power capacity addition during the current financial year, which includes 1 GW of rooftop solar. “The domestic solar power capacity addition is expected at around 7 GW to 7.5 GW (including around 1 GW of rooftop solar capacity) in FY 2020 […]
Warburg, CleanMax raise Rs 275 cr from UK climate investments
Mumbai: Warburg Pincus and IFC-backed CleanMax Solar, a renewable energy solutions provider, raised `275 crore from UK Climate Investments (UKCI), the UK government’s green fund managed by Macquarie InfrastructureNSE 0.86 % and Real Assets. The primary capital will help CleanMax increase capacity to 2 GW by 2022, a senior company official said. In 2017, global […]
Poor participation leads to bid delays for Gujarat’s green projects
Bengaluru: Gujarat’s wind and solar energy projects have attracted poor participation of late, leading to a continuous bid postponements. The submission of techno-commercial bids for the state’s 1,000 MW solar tender took place for the third time on Saturday and drew offers for only 50 MW. Industry officials attributed the tepid response to the tariff, […]