Adani Green Energy arm commissions 50 MW solar project
The latest addition takes Adani Green Energy’s operational renewable energy capacity to 2,850 MW, including 2353 MW under a joint venture with French oil and gas major Total.
State-owned renewables funding body aims for Rs2406 crore income this year
The Indian Renewable Energy Development Agency provides loans for clean power and energy efficiency projects. Its gross income in the last fiscal year rose to INR2372 crore – around 17% growth over the previous year’s INR2022 crore.
KKR’s India platform will acquire operating renewables assets
Headquartered in Mumbai, Virescent Infrastructure owns 169 MWp of solar assets in Maharashtra and 148 MWp in Tamil Nadu.
Towards a distributed solar energy future
A study by Auroville Consulting assesses the techno-commercial impact of generating solar power close to the point of consumption. The study was undertaken on ten feeders of a substation in the Erode district of Tamil Nadu. The results indicated that 100% solar energy penetration, in energy terms, is not only possible but a winning proposition, especially for the distribution companies.
Rockefeller Foundation commits US$1 billion to catalyze a green recovery from pandemic
The new billion-dollar investment is aimed at scaling distributed renewable energy across developing countries in Africa, Asia and Latin America.
Corporate funding for battery storage up 75%
Analysts at Mercom Capital Group have tallied up corporate funding, venture capital and debt and public market investment for battery storage, smart grids and energy efficiency companies. From a financial perspective, the industry appears resilient to the Covid-19 crisis and ready to grow further.
Indexed renewable energy tariffs could save discoms up to INR 21,880 crore over five years
A joint report by the Institute for Energy Economics and Financial Analysis (Ieefa) and the CEEW-Centre for Energy Finance (CEF) has recommended indexed tariff structure over flat rate for future renewable capacity, with front-ending tariffs as low as INR 2/kWh, to ease near-term financial pressure on discoms.
IndianOil turns to gas, not green hydrogen, to reduce Delhi bus emissions
The public sector energy company has opened a compact reformer plant at Delhi Transport Corporation’s Rajghat bus depot. The facility will produce hydrogen-enriched compressed natural gas as a bus fuel. A trial period will see 50 gas-powered buses run on the blended fuel with fuel economy and emissions monitored.
Borosil Renewables records 65% YoY revenue increase for first half
The Indian solar glass maker posts revenue of INR 168.16 crore for the first half of FY2020-21, generating profits (after tax) of INR 12.19 crore.
Fall in off-grid solar sales deprives 5m people of access to clean power
The latest edition of the Global Off-grid Solar Market Report by the World Bank and GOGLA has called for regulatory and financial support to help off-grid distributors create jobs lost to the Covid-19 pandemic.
