In keeping with the government’s goal of tripling the amount of green energy capacity to 500 GW by 2030, the renewable energy industry might benefit from the impending interim budget. Following their meetings with government officials, business leaders expressed optimism about more funding, especially for renewable energy sources including wind, solar, and bioenergy. They also…
Investments of Rs 70,800 crore are planned by Tata Power Renewable Energy Ltd (TPREL) for renewable energy projects in Tamil Nadu. As to a regulatory filing on Tuesday, the company, which is a part of Tata Power, has inked two Memorandums of Understanding (MoUs) with the Tamil Nadu government to facilitate the advancement of the…
A 200 MW firm and dispatchable renewable energy (FDRE) project from SJVN Ltd. has been awarded to Tata Power Renewable Energy Ltd. (TPREL). As to Tata Power’s regulatory filing, FDRE offers continuous power supply and aids distribution companies in fulfilling their renewable purchase requirement (RPO) and energy storage obligation (ESO). “Tata Power Renewable Energy Limited…
In order to prepare for the energy shift, India’s largest oil and gas producer, ONGC, plans to invest over Rs 1 lakh crore in building two petrochemical factories that will transform crude oil directly into high-value chemical goods, senior company officials announced on Wednesday. One of the main energy sources is crude oil, which is…
Renewable energy sources can provide up to 90% of the world’s electricity by 2050 and up to 65% by 2030, according to Union Power and New & Renewable Energy Minister R K Singh’s statement on Tuesday. In his remarks at the Sixth Assembly of the International Solar Alliance (ISA), Singh stated, “By 2030, renewable energy…
On Monday, Tata Power Renewable Energy Ltd (TPREL) announced that it has reached a deal with Endurance Technologies Ltd for the construction of a 12.5 MW captive solar facility in Maharashtra. According to a statement from TPREL, it has already signed a Power Delivery Agreement (PDA) in this regard with Endurance Technologies Ltd. The plant…
BrightNight, a producer of renewable energy, intends to invest $1 billion in the development of 2 GW of renewable energy capacity in India over the next 4–5 years. The corporation will invest $250 million in equity. BrightNight is creating hybrid wind-solar projects that make smart use of energy storage and run continuously. The $250 million…
A contract to put up a 966 MW round-the-clock hybrid renewable power project for Tata Steel was awarded to Tata Power Renewable Energy through its subsidiary TP Vardhaman Surya Ltd. According to a corporate statement, the project has a hybrid renewable capacity of 379 MW solar and 587 MW wind power. One of the most…
Suzlon Group, a producer of renewable energy solutions, declared on Monday that it has reached the landmark of 20 GW of installed wind turbine capacity worldwide.”Suzlon Group has crossed the 20GW wind energy installations milestone through 12,467 wind turbines installed across 17 countries, spanning six continents,” according to a statement from the firm. This solidified…
The National Electricity Plan (NEP) for 2022–2032, with a proposed investment of Rs. 33,60,594 crore, was announced by the Central Electricity Authority (CEA) on Wednesday. The plan aims to increase the share of non-fossil fuel capacity to about 70%. “The share of non-fossil based capacity is expected to increase from around 42.5% at present to…
