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The Long Road For Electric Trucks In India

The transportation sector is responsible for nearly 14% of India’s total GHG emissions. It is also the fastest-growing greenhouse gas emissions sector in India. Road transport, in particular, accounts for over 90% of transport emissions in the country. Therefore, to achieve the net-zero goals, India has to decarbonise road transport. Electrification of road transport will […]

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JSW Steel Pledges Rs 10,000 cr For Renewable Energy Investments

JSW Group Chairman Sajjan Jindal has made a strong pitch for going green in it’s 2021-22 annual report. With an aim to reduce the carbon footprint of its operations and reduce dependence on coal based power, Jindal said that the company will be investing Rs 10,000 crore to increase it’s use of renewable energy. The […]

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“Corporates Will Be key To Meeting India’s 450 GW Renewables Aspiration”

Srinivasan Viswanathan, CEO of Vibrant Energy is looking ahead to a great run for the firm, as the market continues to open up and throw up new opportunities. Backed by Macquarie capital’s Blueleaf Energy which owns a majority stake in the firm, Vibrant is focused on the corporate market for renewables, with a stress on […]

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CERC Allows ACME Petition To Qualify Entry Tax As Change In Law

The Central Electricity Regulatory Commission allowed on June 29 the petition moved by ACME praying for declaring the Entry Tax as Change In Law defined in the statutes. The three judges panel of I. S. Jha, Arun Goyal and P. K. Singh, also ordered the stay of collection of entry tax pursuant from the petitioner […]

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Statkraft Increases Renewable Energy Targets, Chases Faster Growth

Norway’s state owned renewable energy player Statkraft has updated its growth strategy for renewable energy with a new, more ambitious targets towards 2030. The official statement of Statkraft reveals that the strategy increases the annual growth rate for onshore wind, solar and battery storage from 2.5-3 GW in 2025 to 4 GW in 2030. Statkraft […]

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Intersect Power Raises $750 Million Growth Equity Investment from TPG Rise & Others

US-based clean energy company, Intersect Power announced a $750 million growth equity investment for its renewable energy portfolio yesterday (28th June 2022). TPG Rise Climate is the dedicated investor while Climate Adaptive Infrastructure and Trilantic Energy are the additional participants in this investment.  With the help of this growth equity investment from TPG Rise & Others, Intersect […]

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OX2 Looks To Construct 5.5 GW Offshore Wind Farm Off Sweden

Global renewable energy developer OX2 has announced that it has submitted a permit application under the law that deals with Sweden’s Exclusive Economic Zone for the construction of an offshore wind farm. The project called Aurora will come up between the islands of Gotland and Oland.  Sweden is aiming to double its renewable energy capacity  […]

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160 GWh Of Energy Storage Needed To Meet India’s 2030 RE Target: IESA

The India Energy Storage Alliance (IESA) has recently brought out a report VISION 2030 that projects India will need at least 160 GWh of energy storage by 2030 in order to integrate the targeted 500 GW of non-fossil fuel energy onto its networks. This energy storage capacity has been calculated as aggregate of front-of-the-meter grid-scale […]

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MNRE Will Invite Bids From States For 8,000 MW Power From Stranded Thermal Plants

RK Singh, Union Minister of Power and New and Renewable Energy (MNRE), said on June 26 that the government will invite bids from the states to sell electricity generated from 8,000 megawatt (MW) thermal capacities without PPAs after aggregating the demands. About 8,000 MW of thermal capacities across the states in India are without any […]

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