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PFC Incorporates 5 SPVs for Evacuating Renewable Energy

State-owned power sector lender Power Finance Corporation Ltd (PFC) has incorporated, via its arm PFC Consulting, five of the project-specific special purpose vehicle (SPV) companies. These SPVs will facilitate the evacuation of renewable energy from the states of Andhra Pradesh and Rajasthan. PFC said that “5 Special Purpose Vehicle (SPV) companies have been incorporated as wholly-owned subsidiaries […]

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We are on Track to reach 2 GW Renewable Development in India: Harmanjit Nagi

We are strongly committed to renewable development in India, with 2GW of renewable capacity targeted by 2022 through wind, solar and hydro projects. I’m happy to say we are on track to reach this target. Thanks to new opportunities in 2019 and early 2020, we now have significant pipeline of renewable projects under development: 1 […]

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ArcVera Renewables Hires Ron Nierenberg – Wind Industry Veteran, Meteorologist

ArcVera Renewables, a leading provider of consulting and technical services for renewable energy projects, has hired Ron Nierenberg in its wind energy team. He is an award-winning wind industry veteran and meteorological specialist with four decades of experience. Ron has more than 40 years of experience with meteorological consulting in wind energy. His expertise ranges from prospecting […]

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Winning of Rs 2.90/kWh Renewable+Storage Tender by Renew Power Might be the Biggest Event of 2020 for Renewables, in terms of impact.

In a recent tender for Round-The-Clock (RTC) supply of 100 percent renewable energy (RE) power with storage, the Solar Energy Corporation of India (SECI) has discovered a levelised tariff of Rs 3.52/kWh for 15 years. The bid was won by Renew Power. On the significance of this development for the renewables industry in India, we […]

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Tata Power’s Renewable Portfolio Grows 7% to 3,883 MW in Q4 FY20

Utility giant Tata Power on Wednesday reported a 7 percent surge in its renewable energy portfolio, which includes clean and green energy projects, and stood at 3,883 MW from the corresponding quarter in FY19. The country’s one of the largest integrated power company said that it’s renewable energy business capacity crossed 2,637 MW including 932 […]

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Germany’s GIZ to Help Southern India Balance its Renewable Resources

Germany’s GIZ has commissioned a study for southern India to aid in balancing the energy supply from wind and solar and energy demand in the region DNV GL, the world’s largest resource of independent energy experts and certification body, has been contracted by Germany’s development agency Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) to conduct a […]

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15 GW Renewable In Two years In The EU to Recover From Pandemic

The European Commission or EU, is planning a massive 15GW push for renewable energy tenders in the next 2 years to pull the union out of the recession caused by the Covid-19 pandemic. The EU has suffered the highest mortality counts as of now, and countries across the continent have struggled to manage wide, extended […]

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Pandemic is Hurting but not Halting Global Renewable Growth: IEA

The COVID-19 Pandemic will force 2020 to witness the first annual decline in new renewable additions in 20 years, but their growth is expected to bounce back next year. The world is set to build fewer wind turbines, solar plants and other installations that produce renewable electricity this year because of the impact of the […]

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ONGC and NTPC to Form JV for Renewable Energy Business

ONGC and NTPC ltd are planning to set up a JV company to explore offshore wind projects amongst other renewable projects in India and abroad. #ONGC and @NTPClimited signed an MoU today to set up a Renewable Energy JV. It was signed by ONGC Director (Fin) In-charge Business Development & Joint Ventures Subhash Kumar and […]

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