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GE Renewable Energy

India reaffirms its commitment to renewable energy

“We are looking at expanding renewable energy very rapidly. Solar, wind, hydro, biomass – all forms of energy which can reduce the carbon footprint and help us leave a better planet for the next generation – are receiving unprecedented attention in India” India on Thursday reaffirmed its commitment to renewable energy with the promise to […]

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Sunnova Energy Announces the Launch of Powerstack, its New Solar+Storage Plan

PowerStack, a solar+storage service plan was designed to answer the residential customer demand for low-cost, clean power both day and night said Sunnova Energy in a statement Sunnova Energy Corporation has announced the launch of PowerStack, its new solar+storage plan that maximizes a home’s solar energy use. PowerStack, a solar+storage service plan was designed to […]

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India’s Energy Transformation from Fossil Fuel to Renewables is Gaining Rapid Momentum: Experts

“Measures taken by the Indian government to improve energy efficiency coupled with ambitious renewable energy targets and the plummeting cost of solar has had an impact on existing as well as proposed coal fired power plants, rendering an increasing number as financially unviable,” India’s decision to cancel nearly 14 gigawatts of coal-fired power stations coupled […]

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Cabinet Approves Raising of Bonds of Rs. 2360 crores for Renewable Energy

MNRE will raise the bonds through the Indian Renewable Energy Development Agency, and the funds will be used for approved programmes/schemes for solar park, green energy corridor, generation-based incentives and more. The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its approval to Raising of Bonds of Rs. 2360 crores for […]

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Renewable Energy Employs 9.8 Million People Worldwide: IRENA

“Falling costs and enabling policies have steadily driven up investment and employment in renewable energy worldwide since IRENA’s first annual assessment in 2012, when just over seven million people were working in the sector.” According to a new report from the International Renewable Energy Agency (IRENA) more than 9.8 million people were employed in the […]

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Power Ministry Proposes Compensation for Grid Curtailment, to Benefit Renewable Energy Sector

“If the proposal is adopted it will protect the cash flows to an extent from grid curtailments and also ensure a favourable operational environment for renewable energy projects. It will also be positive for wind and solar energy developers,” The government has proposed a compensation mechanism for existing renewable energy projects, which will protect the […]

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