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REC signs 200 million euro loan with German Bank KfW to propel distribution sector reforms
This marks REC’s sixth line of credit under the Indo-German Development Cooperation and demonstrates the commitment to enhance the distribution infrastructure of DISCOMs in line with the Revamped Distribution Sector Scheme (RDSS) of the Government of India (GoI).
Dual financing approach being adopted to elevate MSMEs’ contribution in renewable energy transition: IREDA CMD at COP28
Chairman & Managing Director of the Indian Renewable Energy Development Agency Limited (IREDA)Shri Pradip Kumar Das has highlighted the significance of lending to Micro, Small & Medium Enterprises (MSMEs) in the Renewable Energy sector, emphasizing both its economic and environmental contributions.
IndiGrid raises INR 670 crores through institutional placement
Total equity/unit capital raised during FY2023-24 cross INR 1,050 crore
India on its Way to Set New Standards for COP 28
India enhanced the target in COP 27 to achieve now 50 percent of the installed capacity by 2030 as against the Paris commitment of 40 percent. We shall achieve this as well. Not only this we will even surpass this target for COP 27 maybe to set new standards of for COP 28: Ghanashyam Prasad, Chairperson, CEA, Ministry of Power
Sunsure Energy partners with Sandoz India for supply of renewable energy from 20 MWp solar power plant
The partnership will enable Sandoz India to offset 26 million kgs of CO2 annually.
Government is working on new technologies such as Small Nuclear Reactors to make clean energy transition
Deploying Small Modular Reactors (SMRs) across the country especially in locations not suitable for large nuclear plants, can produce large amount of low-carbon electricity. In order to move away from fossil fuel consumption, SMRs can be installed and operated for repurposing the aging fossil fuel-based power plants.
TERI released Act4Earth Policy Briefs during COP28
COP28 needs to move the needle from billions to trillions, says Dr Dhawan, Director General, TERI, at an event on just transitions on Energy Day at COP28.
Subsidy amounting to INR 5,228 crore given to EV manufactures on sale of 11,53,079 EVs till Dec. 1, 2023
Under phase-II of FAME India Scheme, subsidy amounting to Rs. 5,228.00 crore has been given to electric vehicle manufactures on sale of 11,53,079 no. of electric vehicles as on 01.12.2023.
Log9 and TORK Motors Pioneer the Next Phase of Battery Evolution
Under this partnership, TORK Motors and Log9 will allow customers of both brands to utilise their chargers and charging network, which is based on BCA’s LEV DC interoperable standard (IS 17017-25 & IS 17017-2-6 released by BIS in 2021).
IEX power market update for November 2023
Indian Energy Exchange, India’s premier energy exchange, achieved 9,136 MU overall volume, including 7.55 Lac Renewable Energy Certificates (RECs) (equivalent to 755 MU), marking a 17.5% increase on YoY basis. IEX achieved 8,371 MU total electricity volume in November 2023, registering an increase of 13% on YoY basis.
