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BSES and SECI Sign Agreement for 200 MW Wind Energy

The two discoms will procure capacity from SECI which will act as an intermediary procurer, a company statement said. Power discoms owned by Reliance Infrastructure in Delhi, BSES Yamuna (BYPL) and BSES Rajdhani (BRPL) have signed an agreement with Solar Energy Corporation of India (SECI) for sourcing 200 MW wind power at Rs 2.84 for []

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Indias Energy Needs to Triple by 2040: World Bank

In fiscal 2018, when total installed capacity was more than twice the amount of peak demand, peak demand shortage still registered 2.1% in India,World Bank said. Energy demand in India will grow 30% between 2018 and 2040, a new report by the World Bank titled Dark: How Much Do Power Sector Distortions Cost South Asia []

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Interview with Sushil Bansal, Founder & Managing Director, Novasys Greenergy

 Novasys Greenergy, a part of Sangita Coal Group, and now a well-diversified entity operating in renewable, non-renewable, telecom, food & real estate sectors. In an exclusive interview with Saur Energy International during the 10th edition of Intersolar India 2018 at Bangalore, Sushil Bansal, Founder & Managing Director, Novasys Greenergy shared his views on various topics []

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SB Energy, Adani Green Win 840 MW at SECIs Hybrid Auction

SB Energy has won the project at Rs 2.67 per unit of electricity generated while Adani Green Energy won at Rs 2.69 per unit at the auction. In the Solar Energy Corporation of Indias (SECIs) first wind-solar hybrid auction of 1,200 MW capacity, SoftBank-backed SB Energy and Adani Green Energy won 450 MW and 390 MW respectively. Further, []

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Hungary Plans to Fully Rely on Renewable Energy by 2030

An estimated drop of 30% in the prices of photo-voltaic modules will give Hungary an opportunity to meet its renewable energy targets. Setting the right precedent, Hungary has announced that it aims to phase out the use of coal by 2030 and will be fully reliant on renewable energy for countrys energy needs. With a []

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IL&FS to Monetise its Green Energy Portfolio Worth Rs 8,000 Crore

This comes on the backdrop of IL&FS already having received a good response for the potential sale of its two arms. Debt laden Infrastructure Leasing & Financial Services has decided to monetize its renewable energy assets worth Rs 8,000 crore and has initiated the process to sell its controlling stake in green energy business as []

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Government has tendered 26 GW of renewable energy: IREDA Chairman

IREDA official further added that India is on the path to achieve 50 GW of energy production from renewable sources of energy. Indian government has tendered 26 GW of renewable energy, Indian Renewable Energy Development Agency (IREDA) Chairman K S Popli said at India Energy Forums (IEFs) Renewable Energy Summit. IREDA official further added that []

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Metro Station of the Aqua Line to be Fully Powered by Solar Energy

Solar panels will be installed over all 21 stations falling on that line, including the parking area and boundary walls. Being the latest addition to the metro network, station on the Aqua line, connecting Greater-Noida to Noida will be powered by solar energy. The total energy generation from all the station will be 10MW. Solar []

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Finance to Close Global Energy Access Gaps Dramatically Off-Track to Meet 2030 Targets: SEforALL

Data shows finance for coal tripled in past year, but innovative off-grid solutions and finance models offer opportunities to meet Global Goals. Finance required to close electricity and clean cooking access gaps remains dramatically short of what is needed to meet global energy goals by 2030, leaving the worlds most vulnerable people behind, according to []

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