GAIL launches funding scheme for renewable, electric-mobility startups
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.
Green lending criteria could improve the performance of power discoms in India
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).
Flagging off the energy transition decade
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.
Hitachi ABB Power Grids to switch to 100% fossil-free electricity by year end
The company is working on electrified, reliable, and decarbonized operations and products to get closer toward a carbon-neutral future.
India, Russia to fund joint R&D in clean energy
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.
One-stop portal launched to provide all-India renewable energy generation data
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.
India, Sweden to fund joint R&D in renewable energy and storage
The Department of Science & Technology, Government of India, and the Swedish Agency for Innovation Systems (Vinnova) have issued a call for joint R&D proposals in renewable energy, electric vehicles and energy storage. The deadline for the submission of proposals is May 6.
Cabinet approves India, Uzbekistan MoU on solar energy and storage
The Cabinet has approved the Memorandum of Understanding between the National Institute of Solar Energy, under India’s Ministry of New and Renewable Energy, and Uzbekistan’s International Solar Energy Institute for cooperation in the field of solar energy and storage technologies.
SECI tweaks 100 MW solar-plus-storage Chhattisgarh tender
The Solar Energy Corporation of India has issued amendments to the procurement and extended the bidding deadline a second time.
NHDC seeks supplier for up to 350 MW of solar modules
The state-run hydropower company is targeting 340-350 MW of generation capacity in the 1.5 GW tender being held by SECI and state utility Madhya Pradesh Urja Vikash Nigam Limited. NHDC has opened a global tender to seek a panel supplier.
