Bharti Airtel acquires 9% stake in Avaada Clean

Bharti Airtel, India’s second-largest telecom operator, has acquired a nine percent stake in renewable energy firm, Avaada Clean TN Project for Rs 7.88 crore in an all-cash deal. The acquisition of Avaada will require Bharti Airtel to comply with regulatory requirements for captive power plants under the provisions of Electricity Act 2003 and Indian Electricity […]

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India adds 8.5 GW renewable energy capacity till November 2021 this fiscal: RK Singh

India has added 8,530.92 megawatts (MW) of renewable energy capacity, including large hydro units, during April-November of the current fiscal, which is higher than 8,058.10 MW added in the entire 2020-21, Parliament was informed. During April-November 2021, 8,530.92 MW of the renewable energy capacity, including large hydro, was added in the country, which is higher […]

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JSW Energy to invest Rs 35,500 crore in green energy projects in Maharashtra

The Maharashtra government and power major JWS Energy Ltd have signed two Memorandums of understanding (MoUs) to set up two green projects worth Rs 35,500 crore to generate 6,500 megawatts (MW) of clean energy in northern and western Maharashtra. Investment inflow from JSW will account for a considerable increase in renewable energy sources within Maharashtra […]

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India, US launch hydrogen task force

The United States Department of Energy (DOE), India’s Ministry of New and Renewable Energy (MNRE) and the US India Strategic Partnership Forum (USISPF) have jointly launched a US-India Hydrogen Task Force, reports Business Standard. The Task Force is under the US-India Strategic Clean Energy Partnership (SCEP). India and US had decided to revamp their strategic partnership to focus […]

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”We’ll see $200 a barrel Oil”: Saudi Arabia, Russia, OPEC ministers blast IEA’s Net Zero Plan

If the world were to follow the International Energy Agency’s controversial road map, which said investment in new fields would have to stop immediately to achieve net-zero carbon emissions by 2050, “the price for oil will go to, what, $200? Gas prices will skyrocket,” said the Russian Deputy Prime Minister Alexander Novak at the St Petersburg International […]

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Global energy investments set to recover in 2021 but remain far from a net zero pathway, says IEA

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Global investment in energy is set to rebound by nearly 10% in 2021 to USD 1.9 trillion, reversing most of last year’s drop caused the Covid-19 pandemic, but spending on clean energy transitions needs to accelerate much more rapidly to meet climate goals, according to a new report from the International Energy Agency. With energy investment returning […]

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