ReNew Power acquires Ostro Energy in $1.54bn deal
According to the reports, Gurugram based developer ReNew Power Ventures has paid 40% in equity and the rest in debt for acquiring Actis LLP-backed Ostro Energy. With this acquisition, now ReNew Power’s combined renewable portfolio stands at 5.6 GW.
Delhi 2018-19 budget goes green
The Delhi government run by the Aam Aadmi Party has completed three years in the governance, and yesterday announced its budget for the financial year 2018-19. The government has announced India’s first ‘Green Budget’ – it has a 26 point program. With the green budget it is estimated that around 2.1 million tons of CO2 emissions will be reduced.
Energy Access Summit 2018 highlights
The India Energy access summit held in India on February 12-13, 2018 in New Delhi, saw discussions on the decentralized renewable energy sector from various organizations and institutions, including few announcements.
Interview: Hi Physix Lab, a new solar testing facility in India
In an interview with pv magazine, Hi Physix Laboratory India Pvt Ltd CEO, Pankaj Rai discusses the company’s solar venture, including a new testing facility, which will assess crystalline and thin film PV products, and batteries.
Exicom to deploy 1 GWh energy storage solutions by 2018-19
Gurugram-based company EXICOM Tele-Systems Ltd has aimed to install 1 GWh of battery energy storage systems by 2018-19. The company has already deployed 125 charging stations for electric vehicles in Delhi-NCR.
NTPC sets 32 GW renewables target by 2032
To date, the National Thermal Power Corporation (NTPC) Ltd has installed roughly 1 GW of renewables in India. NTPC is planning several projects including floating solar and battery storage projects nationwide.
Delhi launches Solar City Initiative
Adding another notch to India’s impressive solar growth, Delhi’s power utility company, BRPL has launched a solar city initiative to boost India’s solar PV rooftop sector.
Finland’s AC2SG plans EV charging stations with NITI Aayog in Delhi NCR
NITI Aayog has published a proposal for 135 Electric Vehicle (EV) charging stations in the Delhi NCR region on November 15, 2017, to speed up electric vehicle adoption in India.
MYSUN use Solar to fight against Delhi’s pollution
MYSUN will wave off all the processing fees for customers for a limited time. First EMI will also be waived off under the MYSUN-Flexi Pay scheme. Going solar is a proactive way of dealing with air pollution, and making Delhi/NCR clean again.
Delhi to add 1,000 MW Solar to its energy mix by 2019
Delhi power minister is aiming to have 15% renewable energy by 2019. Delhi government will buy solar power from plants to be installed across the country in next one and half years.
