India’s power transmission capex requirement will be over $500 billion by FY50, 30% of the overall energy transition capital outlay, Goldman Sachs estimates. “Power transmission is key to India’s energy transition and global new energy cost leadership ambitions. India’s large, highly integrated grid enables the utilisation of least-cost renewable generation sites, and by keeping the […]
Category: Power
Power
India connecting world! ‘Country becoming convenient hub for travel between South East Asia and West Asia’, says IndiGo parent exec
IndiGo-parent InterGlobe Aviation’s Chairman of the Board of Directors V Sumantran has said that India is gradually marking its place as a convenient hub for travel between Southeast Asia and West Asia as airlines are preferring to move people by connecting through Indian cities. Sumantran said that there is huge growth in India and many […]
Embassy REIT to buy business park in Chennai for EV of Rs 1,269 crore
Embassy Office Parks REIT on Saturday said it will buy Embassy Splendid TechZone (‘ESTZ’), a Grade-A business park, from its sponsor Embassy group for an enterprise value of Rs 1,269 crore. The proposed acquisition marks Embassy REIT’s entry into Chennai, one of India’s top performing office markets. It intends to raise unit capital of Rs […]
JSW Energy raises Rs 5K crore via QIP from ADIA, others
JSW Energy has successfully raised Rs 5,000 crore through qualified institutional placement (QIP) of its shares from investors, including Abu Dhabi Investment Authority (ADIA), Blackrock and other global asset managers, the company said on Friday night. The QIP was oversubscribed by 3.2 times, it said. This marks the first-ever equity raise by the company since […]
JSW Energy to use QIP proceeds to cut debt, for green arm
JSW Energy will use the proceeds of the qualified institutional placement (QIP) for repayment and prepayment of its debt and also to invest in its renewable arm, JSW Neo Energy, according to the placement documents filed by the company. Earlier this week, the company’s board gave its approval for `5,000-crore fundraising through the QIP route. […]
Adani to invest Rs 2.3 lakh crore in renewable energy, Rs 1.5 lakh crore in expansion
Adani Group will invest about Rs 2.3 lakh crore through 2030 in India’s most ambitious renewable energy expansion and solar and wind manufacturing capacity addition ever as it shrugs off a short-seller attack to pursue its trademark rapid growth plans. Additionally, Adani Green Energy will invest about Rs 1.5 lakh crore in expanding capacity to […]
Adani Group eyes 45 GW renewable energy capacity by 2030
Billionaire Gautam Adani’s group is building the world’s largest renewable energy park in Gujarat, as it eyes a massive 45 GW capacity to generate electricity largely from solar energy. Speaking at the opening of ‘Energy Revolution: The Adani Green Energy Gallery’ at the Science Museum in London, Gautam Adani said his group’s renewable energy arm, […]
Alternative energy source: can India ditch fossil fuels with batteries, hydrogen, CNG, and biofuels?
In the pursuit of a sustainable future, the global movement to reduce carbon emissions has gained momentum, driving nations to explore alternative energy sources beyond traditional fossil fuels, and addressing the world’s energy storage challenges. India stands at a crossroads, contemplating a shift towards batteries, hydrogen, CNG, and biofuels to pave the way for a […]
The EV wave: transforming fleets with retrofitting for sustainable transportation
Electric Vehicle (EV) retrofitting stands at a pivotal juncture in the landscape of urban transport, poised to play a substantial role in shaping sustainable city commutes. Amidst intensified global efforts to offset climate change and curb vehicular emissions, retrofitting presents itself as an actionable bridge to a full-fledged EV future. It offers a pragmatic and […]
Alternative energy source: can India ditch fossil fuels with batteries, hydrogen, CNG, and biofuels?
In the pursuit of a sustainable future, the global movement to reduce carbon emissions has gained momentum, driving nations to explore alternative energy sources beyond traditional fossil fuels, and addressing the world’s energy storage challenges. India stands at a crossroads, contemplating a shift towards batteries, hydrogen, CNG, and biofuels to pave the way for a […]
Electric vehicles and their impact on the independent aftermarket in India
The Indian automotive landscape is undergoing a significant transformation, propelled by the advent of electric vehicles (EVs). This seismic shift is not just about the types of vehicles on the road but extends deep into the fabric of automotive maintenance and repair, especially within the independent aftermarket. As the co-founder of a leading player in […]
Discoms improve renewable energy purchase compliance
Record-low prices of renewable energy certificates (RECs) on power exchanges have empowered power distribution companies (discoms) to enhance compliance with their renewable purchase obligations (RPOs) in the current financial year. In the last trading session on March 13, REC prices hit an all-time low on the Indian Energy Exchange, dropping to Rs 300 per certificate, […]