Investment in renewable energy in India reached a record USD14.5 billion in the last FY- IEEFA

Investment in renewable energy in India reached a record US$14.5 billion in the last financial year (FY2021-22), an increase of 125% compared to FY2020-21 and 72% over pre-pandemic FY2019-20, finds a new report by the Institute for Energy Economics and Financial Analysis (IEEFA). “The surge in renewables investment comes on the back of the revival of electricity […]

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This Indian company gets maiden Patent for Unidirectional Solar Water Pump with Grid-tied Power Generation capabilities

Home grown manufacturer of energy-efficient pumps and motors has been granted its maiden patent for Innovating ‘A Unidirectional Solar Water Pump with Grid-tied Power Generation’ system, Shakti Pumps (India) Limited recently announced that it has been granted maiden patent for ‘A Unidirectional Solar Water Pump with Grid-tied Power Generation’ capabilities. As per the provisions of […]

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Reliance acquires REC Group

REC Group, an international solar energy company headquartered in Norway, today announces Reliance New Energy Solar Limited, a wholly owned subsidiary of Reliance Industries Ltd (Reliance), has signed a definitive binding agreement to acquire 100% shareholding of the European solar panel brand. REC Group (REC) welcomes the decision as this will allow a significant acceleration of […]

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Global Energy Leaders to Convene at India Energy Forum by CERAWeek Conference to Discuss Turbulent Markets

The fifth annual event—to be held October 20-22, 2021—will gather energy leaders in New Delhi and virtually to propel important dialogue on India’s new energy future The dramatic turnaround in global energy markets—exemplified by acute energy crises in China and Europe; international gas and coal shortages; and renewed volatility in global oil markets—and India’s energy […]

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Financing options must be scaled up to boost the adoption of rooftop solar in India

Micro, Small and Medium-sized Enterprises (MSMEs) could be the key to accelerating the adoption of rooftop solar in India – but financial institutions are often reluctant to lend to MSMEs because they prefer borrowers with strong financial track records and good corporate credit ratings. A new report by the Institute for Energy Economics and Financial Analysis […]

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Universal Access to Sustainable Energy Will Remain Elusive Without Addressing Inequalities: Report

During the last decade, a greater share of the global population gained access to electricity than ever before, but the number of people without electricity in Sub-Saharan Africa actually increased. Unless efforts are scaled up significantly in countries with the largest deficits, the world will still fall short of ensuring universal access to affordable, reliable, […]

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Renewable sources set to expand in coming years at a much faster pace : IEA

Renewable sources of electricity such as wind and solar grew at their fastest rate in two decades in 2020 and are set to expand in coming years at a much faster pace than prior to the pandemic, according to a new report by the International Energy Agency. The growth in Europe and the United States […]

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PIL scheme for solar PV modules positive for domestic OEMs: ICRA

The Ministry of New & Renewable Energy, Government of India, has notified the guidelines for the Production Linked Incentive (PLI) scheme to promote the domestic manufacturing of high efficiency solar modules and thereby reduce dependence on imports in the solar power sector. The scheme has been approved with a financial outlay of Rs. 4500-crore over […]

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A Record 260 GW of new renewable energy capacity added in 2020:IRENA

Global renewable energy capacity additions in 2020 beat earlier estimates and all previous records despite the economic slowdown that resulted from the COVID-19 pandemic said IRENA in a statement. According to data released by the International Renewable Energy Agency (IRENA) the world added more than 260 gigawatts (GW) of renewable energy capacity last year, exceeding […]

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Basic custom duty effect – Solar tariff likely to rise in near term says ICRA

Because of imposition of basic custom duty on equipment, solar power tariffs may rise in near term ,though they would remain cost competitive for the off-takers, ICRA Ratings said on Wednesday. ICRA”s outlook for renewable energy (RE) sector is ”Stable” because of factors such as continued policy support from the Government of India, large growth […]

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