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solar and wind

Gujarat DISCOMs Fail to Meet Purchase Target for Renewable Energy

GUVNL DISCOMs fails to meet purchase target of renewable energy sources. Gujarat Urja Vikas Nigam Ltd (GUVNL) affiliated four distribution companies (DISCOMs) fell short of purchasing required renewable energy in 2015-16 on account of low supply of power from wind and other renewable energy sources. Under the Renewable Purchase Obligation (RPO), a distribution company is […]

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Saudi Arabia to Launch Multi-billion Renewable Energy Schemes

World’s largest oil exporter vies to diversify its focus to Renewable Energy Saudi Arabia is set to launch a renewable energy programme worth up to $50 billion, as the world’s largest oil exporter vies to diversify its economy, its energy minister stated. “This is the first time we talk about the specific programme,” minister Khaled […]

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ADB approves $390 million financing package for ReNew Power to develop renewable energy projects in India

ReNew Power will utilize the fund to develop solar power projects with combined capacity of 398 megawatts (MW) in Jharkhand and Telangana Asian Development Bank (ADB) has approved a new $390 million financing package for ReNew Power to develop renewable energy projects in India. The financing will assist 7 special purpose vehicles owned by ReNew […]

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Tata Power Become Largest Renewable Energy Company In India with 3,060 MW operating capacity

The company is also in the process of implementing nearly 500 MW of renewable power projects at various locations. Tata Power announced that the Company’s total generation from non-fossil operating capacity stands at 3060 MW, making it the largest renewable energy Company in India. The company’s renewable energy portfolio comprises of 693 MW of Hydro, […]

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Altenex Revolutionizes Renewable Energy Purchasing with PowerBloks

Altenex, an Edison Energy company, today announced the availability of PowerBloks – a first-of-its-kind renewable energy power purchase agreement (PPA) structure for commercial, industrial and institutional electricity users. PowerBloks is specifically designed to meet the needs of large and mid-size energy users by providing smaller and shorter duration renewable capacity offtake. The result is a […]

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Vibrant Gujarat Summit to fuel Renewable Rnergy MoUs of worth Rs 1 lakh crore

Renewable Energy MoUs worth Rs 1 lakh crore to get signed in Vibrant Gujarat Global Summit 2017 After remaining quiet for some time, the renewable energy sector in Gujarat is waiting to buzz again this Vibrant Gujarat Global Summit (VGGS). This is evident from renewable energy projects worth a massive Rs 1 lakh crore of […]

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China takes Global Lead in Renewable Energy Investments

China’s overseas investment in renewable energy projects jumped last year by 60 percent to a record $32 billion (30 billion euros), marking its leadership in the global market for clean energy, as reported on IEEFA. In 2016, China finalized 11 foreign deals worth more than a billion dollars each, and is expected to pick up […]

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Year-End Review – Ministry of Power

In view of the growing need of the Indian Economy, Government of India has embarked upon a massive programme to provide 24×7 power across the country by 2019. After the completion of half of its term, the Government has achieved many important milestones in the Power sector. Special focus has also been given to North East by giving […]

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