Renewable Energy

While the first quarter of 2024 has shown a significant and potentially transformative rise in climate-tech funding, the sustainability of this growth remains uncertain.

REC will use the funding to support projects which meet rigorous environmental standards, promote renewable energy and contribute to reducing carbon emissions.

Green credits offer a vital mechanism for incentivizing environmentally positive actions beyond just corporations, involving individuals and communities. By providing tangible benefits for sustainable practices, such as renewable energy adoption and conservation efforts, green credits engage the public at large, fostering widespread participation in combating climate change.

Green Climate Fund (GCF) has approved a $24.5 million investment in Avaana Capital’s Climate and Sustainability Fund for technology-driven climate solutions.

Gas Authority of India Ltd. (GAIL), a state-owned natural gas supplier, has started accepting proposals from startups in the renewable energy and electric mobility sectors for equity investment under its “Pankh” initiative.

A new report finds the current credit rating mechanism for power distribution companies in India is highly linked to their operational and financial performance. The report highlights the need to revise discom ratings to reflect their green mandates, decarbonization plans, and tariff implications to resolve the challenges of payables (and receivables).

With the draft National Electricity Policy (NEP) 2021, India is providing the right policy direction for this decade of the energy transition. Yet, there is room for further improvement. 

The company is working on electrified, reliable, and decarbonized operations and products to get closer toward a carbon-neutral future.

India’s Department of Science & Technology and the Russian Science Foundation (RSF) have launched a collaborative funding program for Indian and Russian researchers to jointly research clean energy, new materials, and smart transport.

The Central Electricity Authority, CEEW’s Centre for Energy Finance, and Shakti Sustainable Energy Foundation have launched an online dashboard that captures daily generation data at the state, regional and national levels for the aggregate 93 GW of installed RE capacity in India. It also captures this data at a plant level for a subset of projects.