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renewable energy

MNRE Forms PDC; Invites Stakeholders for Investment in Indias RE Sector

With an aim to attract investment for the renewable energy (RE) sector in India, the Ministry of New and Renewable Energy (MNRE) has now formed the much-awaited Project Development Cell (PDC) in its Ministry. The move is in line with the Central Governments earlier directive to set up an Empowered group of Secretaries (EGoS) and []

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R.K. Singh Demolishes Canards Against Power Reforms At Presser

At a virtual press conference today, Power Minister R.K. Singh launched a scathing broadside against what he described as the canards being spread by vested interests to delay or block the passage of key power reforms, proposed in the upcoming Electricity (Amendment) Bill, 2020. Getting down to the theme straightaway, Mr Singh highlighted how India, []

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Trump Administration Lags Obama Record for RE Approvals: CAP

A new analysis has revealed that the Trump Administration has approved about half as many wind and solar energy projects as the Obama administration had at the same point. A new analysis by the Center for American Progress (CAP) has revealed that the Interior Department of the Trump Administration has approved about half as many wind []

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Govt Proposes Tariff, Non-Tariff Barriers to Restrict Imports in Power Sector

The government is proposing tariff and non-tariff barriers to restrict imports in the power sector, to reduce large scale presence of overseas equipment The government is proposing various tariff and non-tariff barriers to restrict imports in the sensitive and strategically important power sector where there is a large scale presence of overseas equipment, particularly from []

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Targeted Public Spending, Policy Action will Bring Immediate Jobs, Boost GDP: Report

Governments can align immediate economic stimulus needs with medium to long-term decarbonisation and sustainable development objectives by targeting policy measures and public spending towards the energy transformation said the International Renewable Energy Agency (IRENA) in its newly published report. The intergovernmental agency, IRENA, in its report Post-COVID recovery: An agenda for resilience, development and equality outlines []

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CERCs Order Lowering REC Forbearance, Floor Price Removal Positive for Obligated Entities

With the significant reduction in wind and solar power tariffs during the last three years, the power sector regulator Central Electricity Regulatory Commission (CERC) has recently reduced the forbearance prices and also removed the floor price for the Renewable Energy Certificates (RECs). This move is expected to negatively impact the REC projects, even as  it []

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Vestas Wind 249 MW Wind Turbine Order in the US

Vestas has received an order for 249 MW of V136-4.2 MW turbines and V136-3.45 MW turbines delivered in 3.6 MW Power Optimised Mode for a project in the US. Vestas has received an order for 249 MW of V136-4.2 MW turbines and V136-3.45 MW turbines delivered in 3.6 MW Power Optimised Mode for a project []

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Iberdrola Agrees Deal for Stake in 9 GW of Offshore Wind Projects

Iberdrola has agreed on a deal to take majority acquisitions in the future development of up to 9 GW of offshore wind energy projects in Sweden. Iberdrola has agreed on a deal to take majority acquisitions in the projects with the renewables company Svea Vind Offshore AB (SVO) for the future development of up to []

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