India requires $6.5 billion to achieve apparel sector’s 2030 emission reduction target through renewables and energy efficiency
A new report by Apparel Impact Institute and Development Finance International Inc. says India needs $6.5 billion in financing to reduce its textile and apparel industry’s emissions by 45% by 2030 through renewable energy and energy efficiency interventions. While around $2.5 billion is available, there is still a $4 billion financing gap in India.
NTPC, ONGC to form renewable and new energy joint venture company
This joint venture company will venture into various renewable energy and new energy opportunities including solar, wind, energy storage, green molecule, e-mobility, carbon credits, green credits, etc.
SECI launches 1.2 GW renewables, storage tender
Solar Energy Corp. of India (SECI) has launched a tender to select developers for 1.2 GW of round-the-clock power from renewable energy projects backed with energy storage systems. Bidding closes on Dec. 16.
Tata Power records its highest ever quarterly profit of INR 1,533 crore
Tata Power has reported a net profit (profit after tax) of INR 1,533 crore in July-Aug.-Sep quarter of FY 2024-25, up 51% year-on-year.
NTPC tenders 1.8 GW hybrid wind-solar power projects
NTPC Ltd is accepting bids from hybrid power generators for supply of 1.2 GW of power from wind-solar hybrid power projects with greenshoe option of additional capacity up to 600 MW.
Power ministry proposes amendments to tariff-based competitive bidding for solar, wind and hybrid renewable energy projects
The draft amendments released by the power ministry include a reduced PPA period of 15 years, cyber compliance by developers, and insurance surety bonds as a new instrument for establishment of earnest money deposit/performance bank guarantee.
IRENA calls for greater gender inclusion in decentralized energy sector
The International Renewable Energy Agency’s (IRENA) latest report says that women’s roles in decentralized renewable energy are critical to achieving universal electricity access in underserved communities.
JSW Energy Q2 profit marginally up YoY at INR 853 crore
JSW Energy has reported a consolidated net profit of INR 853 crore and total revenue of INR 3,459 crore for the second quarter of FY 2024-25.
Adani Green Q2 net profit up 39% YoY
Adani Green Energy Ltd has reported a consolidated net profit of INR 515 crore for the three months ending September 30, 2024 (Q2 FY 2025). Consolidated revenue from operations stood at INR 2,308 crore.
SJVN launches 700 MW solar EPC tender
SJVN Green Energy Ltd has invited domestic bids to set up 700 MW (100 MW x 7 plots) grid-connected solar projects on EPC basis in Khavda, Gujarat. Bidding closes on Nov. 19.
