China’s new plan for renewable energy development focuses on consumption

China’s focus on consumption penetration for renewable energy development in its recently released 14th five-year plan – 2021 to 2025 – rather than capacity installations, should add flexibility in adding installations and alleviate curtailment risk, Fitch Ratings said in a note. China targets for renewables to supply 33% to national power consumption by 2025, and […]

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India ranks third globally in renewable energy capacity addition in 2021: REN21 Report

India ranked third in renewable energy installations in 2021, after China and Russia, according to a global status report. India installed 15.4 gigawatts (GW) of renewable energy projects in 2021, said the report titled Renewable Energy 2022: Global Status Report published by REN21 (Renewable Energy Policy Network for the 21st Century). REN21, a global collective […]

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Indian renewable energy companies to be highly leveraged: S&P Global Ratings

The Indian renewable energy sector will be highly leveraged owing to the growth opportunities, said Global credit rating agency S&P Global Ratings in its new report “India Renewables: Growth Trumps Deleveraging” According to the rating agency the multi-decade growth opportunities for renewable energy in India will result in persistently high leverage across the sector. “Weaker […]

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SJVN, BHEL, REMC sign MoU to develop renewable energy for the Railways

The Sutlej Jal Vidyut Nigam (SJVN) has announced has signed a memorandum of understanding (MOU) with other two state owned companies – engineering firm Bharat Heavy Electricals Limited (BHEL) and Railway Energy Management Company (REMC) Limited for the development of renewable energy projects. SJVN chairman and managing director (CMD), Nand Lal Sharma in an official […]

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