Renewable Energy

Complete dependence on fossil fuel, which is a very volatile segment, can leave a country vulnerable to price fluctuations and geopolitical disputes. This is turn has a huge impact on the country’s economy as well. A prime example of which, can be seen with the current Ukraine- Russia crisis’s impact on the European countries rise in gas prices and subsequent economic turbulence.

The Indian Energy Exchange (IEX) traded 75.39 lac renewable energy certificates (RECs) in FY 2024, equivalent  to 7.54 billion units, registering a 26.4% increase year-on-year.

Gruner Renewable Energy has secured multiple contracts for compressed biogas (CBG) plants with a cumulative production capacity of 88,000 tons per annum.

Green credits and green loyalty programs represent a burgeoning movement towards sustainability that transcends traditional environmental activism. They embody a partnership between businesses and consumers, where every green choice is celebrated and rewarded.

Torrent Power will develop 3,450 MW of solar power projects, 1,045 MW of hybrid power projects, and the solar park infrastructure for a 7 GW solar power project in Gujarat. It will also set up a 100 ktpa green hydrogen/green ammonia production facility in the state.

NTPC Green Energy Ltd (NGEL) has signed a memorandum of understanding for the blending of green hydrogen in the gas networks of Gujarat State Petroleum Corp. Ltd and green hydrogen mobility by setting up of green hydrogen fuelling stations in Gujarat. It has also signed an MoU with Gujarat Pipavav Port Ltd to develop a green hydrogen ecosystem, including production of green ammonia, for export and domestic market.

SJVN Ltd will form joint ventures with Maharashtra State Power Generation Co. Ltd and Assam Power Development Co. Ltd to develop 5 GW and 1 GW of renewable energy projects, respectively.

RK Singh, union minister for power and new & renewable energy, stated recently that the dependence on coal-based generation is likely to continue till cost-effective energy storage solutions are available.

Recognizing coal’s network congestion effects and accelerating clean energy can enable the Indian Railways to better serve an expanding economy, says a new report by the Institute for Energy Economics and Financial Analysis (IEEFA).

Adani Electricity Mumbai Ltd met the electricity needs of its customers in Mumbai entirely from renewable sources, including solar and wind, for an uninterrupted four hours on Diwali.