India’s oil-to-telecoms conglomerate Reliance Industries plans to invest as much as $ 76 billion in green energy projects in India over the next 15 years, the group chairman Mukesh Ambani, said. Last year, Reliance Industries had announced a commitment to invest more than $10 billion in three years in a new business unit that would build solar module, […]
As the country moves more aggressively towards its decarbonisation goals with the overall energy economy shifting towards greener fuels, a Wall Street brokerage has said this space will see a capex of $ 395 billion by 2030. At COP21 in Paris, as part of its nationally determined contributions, New Delhi had committed to achieve 40 […]
Billionaire Gautam Adani’s logistics-to-energy conglomerate has set up a new subsidiary, Adani New Industries Ltd (ANIL) to undertake green hydrogen projects, generation of low carbon electricity and manufacture of wind turbines, solar modules and batteries as it looks to become the world’s largest renewable energy company and produce the cheapest hydrogen. Adani had in November […]
A wholly-owned unit of Reliance Industries Ltd, Reliance New Energy Solar Ltd, has become one of the promoters of Sterling and Wilson Renewable Energy Ltd by acquiring a 15.46 per cent stake through a preferential allotment of shares. Priced at Rs 375 a share, the preferential allotment transaction closed on December 30, Sterling and Wilson […]
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 […]
New restrictions on banking of power will inhibit the growth of the rooftop and open-access solar market, and potentially slow progress towards India’s national target of 450 gigawatts (GW) of installed renewable capacity by 2030, according to a new briefing note by the Institute for Energy Economics and Financial Analysis (IEEFA) and JMK Research. Banking […]
With 46.8 gigawatts (GW) of installed capacity, solar power is the leading renewable energy source in India, according to the data from Mercom’s India Solar Project Tracker, Central Electricity Authority (CEA), and Ministry of New and Renewable Energy (MNRE). Solar energy has overtaken large hydro, which had an installed capacity of 46.51 GW as of […]
India’s state-run coal companies are aiming to install 5.56 GW of renewable power capacity by 2030 and take other measures designed to cut CO2 emissions in line with recent pledges made at the UN Climate Change Conference in Glasgow, the Ministry of Coal said in a statement. The renewable capacity additions planned by India’s largest […]
Gautam Adani has announced that his logistics-to-energy conglomerate will invest $70 billion over the next decade to become the world’s largest renewable energy company while speaking at the Bloomberg India Economic Forum. It will also produce the cheapest hydrogen on Earth, he said. Adani Green Energy Ltd (AGEL), an independent solar power developer, is targeting […]
Having achieved the initial target of 25 Giga Watt renewable portfolio four years ahead of schedule, the Adani Group now plans to triple its solar power generation capacity in the next four years. Speaking at the inaugural session of the ‘TiE Sustainability Summit 2021’ themed, “Where entrepreneurship meets sustainability”, Gautam Adani said over the next […]
