India will emerge as global RE powerhouse: R K Singh

India is poised to establish itself as one of the largest solar module manufacturers in the world and is witnessing the fastest growing capacity in renewable energy, said Raj Kumar Singh, Union minister of power and renewable energy. Speaking at an event in Delhi, the minister highlighted India’s impressive strides in the renewable energy sector,

UAE to work with Cop28 participants to boost renewable energy

The Emirates, the Arab world's second-largest economy, is investing heavily in clean energy projects and has announced several initiatives as it seeks to achieve net-zero emissions by 2050.

Assam government announces duty exemption on renewable electricity generated

Assam government to provide exemption of Electricity Duty on electricity generated from renewable sources of energy by a consumer on captive consumption for a period of 3 years with effect from 1 April 2023. The government has decided on free distribution of four 9-Watt LED bulbs to approximately 50 lakh low-end households in Assam under

India’s coal mining bet stumbles as wary banks weigh rising risks

Of the 87 mines auctioned to private companies in the past three years in a push called “Unleashing Coal” – part of India’s energy self-sufficiency plans – only four are operating, with the rest awaiting financing, a federal coal ministry official said, asking not to be named. Coal officials and banking executives in the world’s

Dr Reddys Laboratories Ltd signs for consumption of renewable energy

Dr. Reddy’s Laboratories Limited (the “Company”) has entered into a Security Subscription and Shareholders’ Agreement for consumption and supply of renewable energy, with TEQ Green Power XI Private Limited and O2 Power SG Pte Ltd, for investment in O2 Renewable Energy IX Private Limited (“SPV”). The arrangement for accessing such renewable power will be done

Incentives under SIGHT programme will enhance cost-competitiveness

However, as these incentives are only valid for three years for a green hydrogen production plant that will run for over 30 years, a consistent supply of low-cost RE to hydrogen manufacturing projects can bring real impact, said Sharad Pungalia, managing director and chief executive officer, Amplus Solar. “The SIGHT programme for green hydrogen production

Tangedco seeks pan-India joint study to plan transmission for renewable energy

The State power utility has submitted its comments on the report published by the Central Electricity Authority on the transmission systems for integration of over 500 gigawatts of renewable energy by 2030. The report has estimated a cost of ₹2.44 lakh crore for the transmission schemes. In the southern region, it has proposed an Inter-State

REC Ltd to invest in a big way in renewables

REC, a subsidiary of Power Finance Corp., plans to expand its lending in the renewable energy space to Rs 2.4 lakh crore by 2030, says its director-technical, VK Singh. While land and grid availability can be challenging for developing new green energy projects, policies of the government and support from states have been encouraging. India

India, Japan to sign certification mechanism for renewable hydrogen, carbon credits

The G20 Energy Ministers’ Meeting and the Clean Energy Ministerial (CEM) are to be held in Goa in India July 19-22 where countries and companies are expected to deliberate on the way forward for clean energy. “We are signing the carbon credit mechanism with Japan… If they buy green hydrogen from us one (issue) is

Solar farms out at sea are clean energy’s next breakthrough

Buffeted by waves as high as 10 meters (32 feet) in China’s Yellow Sea about 30 kilometers off the coast of Shandong province, two circular rafts carrying neat rows of solar panels began generating electricity late last year, a crucial step toward a new breakthrough for clean energy. The experiment by State Power Investment Corp.,