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renewable energy

Indian Renewable Energy Sector Has Potential For $10 Bn Investment in 2023

India could draw close to $10 billion in renewable energy investment in 2023, which would be a positive given that public markets are still mostly closed to large-scale capital raising, according to Bank of America Corps top management. As investors aim to reflect the energy transformation in their portfolios, deals and investments will continue to []

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NIIFL Signs Agreement with Tamil Nadu for Renewable Energy Projects

The National Investment and Infrastructure Fund Ltd (NIIFL) has announced that it has signed an MoU with the Tamil Nadu Infrastructure Development Board (TNIDB) to attract investment in infrastructure development in the southern state. This will also include attracting commercial capital in the renewable energy sector. The State Government of Tamil Nadu has set up []

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Saudi Arabia Announces 10 New Renewable Energy Projects

The Kingdom of Saudi Arabia is mulling over the development of 10 new renewable energy projects in the country. According to reports, the new RE projects are aimed at enhancing the power generated from solar and wind sources and further reducing the use of fossil fuels especially oil to generate electricity. The new []

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Kerala to Run 100% On Renewable Energy by 2040, Says Chief Minister Vijayan

The threat of the vagaries of climate change have forced the government of Kerala to come out with a revised climate action plan. The role and scope of renewable has been expanded within this plan. Kerala Chief Minister Pinarayi Vijayan has now said that Kerala aspires to become a state that will run 100 per []

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Nexus Energy Partners with Green-e to Offer Certified Renewable Energy Option

North America based power marketing firm Nexus Energy has announced that it is enhancing its sustainability-focused product offerings to include the Nexus Renewable Energy Certificate (REC) program, certified by the non-profit Center for Resource Solutions Green-e Energy program which is a global leader in clean energy certification. Alvin Tang, CEO, Nexus Energy, said, Nexus Energy []

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Tata Power Renewable Energy Bags 255 MW of Hybrid Projects For Delhi

Its all within the group as Group Firm Tata Power Renewable Energy (TPREL) bagged the 255 MW Wind-Solar Hybrid auction from Tata Power Delhi Distribution Limited (TPDDL). The supplies are meant for the Delhi market, where TPDDL is one of the 3 discoms operating, besides the two BSES discoms. The winning bid of Rs 3 []

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Green Markets: Playing a Pivotal Role in Renewable Energy Integration

The Indian power sector is undergoing a paradigm shift with rapidly increasing renewable capacity addition in the system. Renewable electricity generation has seen over 15 per cent compounded annual growth rate over the last few fiscal years (2016-17 to 2021-22) vis-à-vis a total growth of around 3.5 per cent. The country now boasts of a []

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Co-Development of Renewable Energy Projects by French Firm Voltalia in Uzbekistan

The Uzbekistan government and the French renewable energy company, Voltalia have agreed to jointly build renewable energy projects with a combined output of between 400 MW and 500 MW. As part of the cooperation, 60MW/240 MWh of battery storage, 200 MW of solar, and 200 MW of wind capacity, will all be developed. The Voltalia []

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