Rajasthan can play key leadership role in clean energy transition: IEEFA

As India looks to expand its renewable energy capacity, a new report from IEEFA found that Rajasthan can play a key leadership role in the country’s transition to a low-cost, low-emission, profitable electricity system. Rajasthan’s installed renewable energy capacity reached 9.6 gigawatts (GW) at the end of fiscal 2019-20. It also added more solar power […]

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Power Min initiates INR 2000 cr JV set up process to rollout of smart metres

The Power Ministry has started the process to set up a Rs 2,000 crore joint venture for providing a common backend infrastructure facility (CBIF) to power distribution companies (discoms) for faster roll-out of smart electricity metres in the country. The joint venture would have four promoters, NTPC Ltd, REC Ltd, Power Grid Corporation of India […]

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BP, Microsoft form strategic partnership to drive digital energy ‎innovation

bp and Microsoft Corp has ‎announced that they have agreed to collaborate as strategic partners to further digital transformation ‎in energy systems and advance the net zero carbon goals of both companies. This includes a co-‎innovation effort focused on digital solutions, the continued use of Microsoft Azure as a cloud-based ‎solution for bp infrastructure and […]

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Facebook aims to reach net zero emissions for its value chain by 2030

Facebook has announced that apart from reducing operational greenhouse gas emissions by 75 per cent this year, it will achieve net zero emissions for its global operations and be 100 per cent supported by renewable energy this year. The social network also set an ambitious goal to reach net zero emissions for its value chain […]

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India to be largest source of energy demand growth: BP Energy Outlook

BP on Monday said India will be the largest source of demand growth for energy by 2050, , as it saw an end to the relentless growth of oil globally. In its annual Energy Outlook 2020, BP said global oil consumption may never return to levels seen before the coronavirus crisis took hold. BP report […]

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Google to power its data centers and offices solely with renewable energy by 2030

Google has sets unique goal to tap only renewable power by 2030. Google and Alphabet CEO-Sundar Pichai  in a statement said that  Google aims to power its data centers and offices solely with renewable energy by 2030. With this it Google will become the biggest company in the world to commit to ditching coal and […]

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LoUs could be used as bank guarantees in renewable tenders

In a major relief to the renewable energy sector amid Covid times, the Centre has exempted project developers from making earnest money deposits (EMD) to bag contracts from government agencies. Accordingly, letters of undertaking (LoUs) secured from three state-owned non-banking financial institutions – Power Finance Corporation, REC and IREDA – could be used as bank […]

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De-fossilisation of energy system would employ 5 mn North Indians by 2050: Report

Finland’s Lappeenranta-Lahti University of Technology (LUT) and Delhi-based ‘Climate Trends’ in a new report on Tuesday established how northern India’s energy systems, comprising the world’s largest metropolitan area — Delhi-NCR — can be switched to 100 per cent clean energy by 2050. The study finds that greenhouse gas (GHG) emissions in northern India can be […]

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Boost for renewable energy: RBI issues revised priority sector lending guidelines

The Reserve Bank of India (RBI) on Friday issued revised guidelines for priority sector lending to enable better credit penetration to credit deficient areas and increase lending to small and marginal farmers besides weaker sections. In addition, the initiative will boost credit to renewable energy and health infrastructure. The RBI said bank finance to start-ups […]

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Great opportunity in Rajasthan for domestic manufacturing in energy sector: FICCI

Rajasthan is home to most of the conventional and non-conventional sources of energy generation. The government of India has released its roadmap to achieve 175 GW capacity in renewable energy by 2022, which includes 100 GW of solar power and 60 GW of wind power. The Union government is preparing a ‘rent a roof’ policy […]

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