Renewable Energy

thumbnail
India Requires $56 Billion to Meet 2030 Green Hydrogen Demand: USAID

India’s strategic advantages, including abundant renewable energy resources, existing consumption markets, and favorable investment opportunities, position it as a...

June 6, 2023

/

Gautamee Hazarika

/

Other

,

Renewable Energy
thumbnail
IEA Forecasts Global Renewable Capacity Additions to Soar by 107 GW in 2023

Global renewable capacity additions are set to soar by an unprecedented 107 GW to over 440 GW in 2023. This growth is driven by expanding policy support, concerns over...

June 6, 2023

/

Arjun Joshi

/

Markets & Policy

,

Renewable Energy
thumbnail
IEX Trades 358 MU of Green Energy in May 2023, a 44% YoY Drop

The Indian Energy Exchange (IEX) traded 358 million units (MU) of renewable energy during May 2023, a 28% increase from 280 MU traded in April and a 44% year-over-year...

June 6, 2023

/

Satish Shetty

/

Other

,

Renewable Energy
thumbnail
EU Formally Notifies WTO About CBAM Taking Effect from October 1, 2023

The European Union has formally informed the World Trade Organization that it has notified the setting up of the Carbon Border Adjustment Mechanism (CBAM), which seeks...

June 5, 2023

/

B.S. Nagaraj

/

Other

,

Renewable Energy
thumbnail
Month in a Minute: Top Headlines from Indian Renewable Sector in May 2023

Here is a recap of important headlines from May 2023: India installed 1.9 GW of new solar capacity during the first quarter (Q1)  of 2023, a decline of 48%...

June 5, 2023

/

Arjun Joshi

/

Other

,

Renewable Energy
thumbnail
Ohmium to Deploy 400 MW Green Hydrogen Electrolyzers for NTPC

Ohmium International, a green hydrogen solutions provider, announced that its subsidiary in India has been chosen as the preferred partner by NTPC Renewable Energy...

June 2, 2023

/

Gautamee Hazarika

/

Other

,

Renewable Energy
thumbnail
Waste-to-Wealth Initiative GOBARdhan Goes Digital with Launch of Portal

The Union government has launched the unified registration portal for GOBARdhan, with the aim of streamlining the process of setting up compressed biogas CBG/Biogas...

June 2, 2023

/

Gautamee Hazarika

/

Biofuel

,

Other

,

Renewable Energy
thumbnail
India Bets on Renewables to Meet Peak Demand, Will Pause Coal Installations

The Central Electricity Authority’s (CEA) National Electricity Plan (NEP) proposes the development of over 8.68 GW of battery energy storage systems in place of...

June 2, 2023

/

Arjun Joshi

/

Other

,

Renewable Energy
thumbnail
SECI Disburses ₹40.9 Million Rooftop Solar Subsidy in April 2023

The Solar Energy Corporation of India (SECI) has disbursed ₹40.9 million (~$495,480) as subsidies under the rooftop solar program in April 2023, a 194% increase from ₹13....

June 1, 2023

/

Arjun Joshi

/

Other

,

Renewable Energy
thumbnail
Capgemini’s India Office Operations Now Powered by 100% Renewable Energy

Capgemini, a France-headquartered multinational corporation, announced that all its facilities across 13 cities in India are now powered by 100% renewable energy, which...

June 1, 2023

/

Gautamee Hazarika

/

Other

,

Renewable Energy
thumbnail
Delhi’s Net Metering Regulations to Allow Electricity Trading Using Blockchain

The Delhi Electricity Regulatory Commission (DERC) has proposed to amend the state’s net metering regulations for renewable energy to provide greater flexibility...

May 31, 2023

/

Arjun Joshi

/

Other

,

Renewable Energy
thumbnail
Suzlon’s Profit Increases Nineteen-fold to ₹29 Billion in FY23

Wind turbine manufacturer Suzlon Energy posted a net profit of ₹3.2 billion (~$38.7 million) during the fourth quarter (Q4) of the financial year (FY) 2023, an increase...

May 31, 2023

/

Arjun Joshi

/

Other

,

Renewable Energy

,

Uncategorized
thumbnail
FDI In India’s Renewable Sector Surges 56% YoY to $2.5 billion in FY23

Foreign Direct investment (FDI) in India’s renewable energy sector stood at $838 million (~₹69.2 billion) in the fourth quarter (Q4) of the financial year (FY)...

May 31, 2023

/

Arjun Joshi

/

Finance and M&A

,

Renewable Energy
thumbnail
Torrent Power Swings to Profit in Q4 on Higher Generation and Power Demand

Gujarat-based power company Torrent Power posted a profit of ₹4.88 billion (~$58.97 million) for the fourth quarter (Q4) of the financial year (FY) 2022-23 against a...

May 30, 2023

/

Gourav Mishra

/

Other

,

Renewable Energy
thumbnail
ONGC to Invest ₹1 Trillion in Renewables to Achieve Net-Zero by 2038

In a significant move towards sustainable energy practices, Oil and Natural Gas Corporation (ONGC), India’s oil and gas major, has announced plans to invest ₹1...

May 30, 2023

/

Gautamee Hazarika

/

Other

,

Renewable Energy

1

2

3

...

137