Tags: renewables energy

World Environment Day: HDFC Bank Commits to Becoming Carbon Neutral by 2031-32

HDFC Bank announced it plans to become carbon neutral by 2031-32. As part of this initiative, the Bank is looking at reducing its emissions, energy, and water consumption. As part of its ESG strategy, the Bank will also focus on offering loans for green products like electric vehicles at lower interest rates and incorporating ESG […]

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Hybrid Renewable Tariffs to Continue at a Premium over Solar: India Ratings

India Ratings and Research (Ind-Ra) believes that upcoming wind-solar hybrid auctions will spark cautious optimism among independent power producers. Technical complexities related to grid integration and inclusion of floor capacity proportion of wind projects (at least 33% of the total contracted capacity) in the hybrid mix could weigh on the project economics and tariff assumptions. […]

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ReNew Power bags India’s first round-the-clock renewable energy tender

• Renew Power wins 400 MW RTC bid conducted by SECI• Historic price discovery of ₹ 2.90 / kWh for first year• Capacity Utilisation Factor requirement of 80% per year ReNew Power was recently declared winner of India’s first e-Reverse Auction for 400 MW RE (Renewable Energy) Project with round the clock supply. Renew Power […]

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COVID 19 Effect: Power generation from renewables remain unaffected while thermal suffered says Ind-Ra

COVID-19 led lockdown the all-India energy demand in March this year decreased 8.9% yoy to 98.8 billion units (BU) while energy supply decreased 9.2% yoy, resulting in the energy deficit remaining at 0.4% (March 2019: 0.4%), noted India Ratings and Research in its new report. Despite a reduction in power demand in March 2020, the […]

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India needs tariff reforms to boost consumption of renewables: Bridge To India

India needs to reform its tariff regime to reduce dependence on discoms and bring new electricity procurement models to boost consumption of renewables by commercial and industrial (C&I) consumers, according to an industry expert. As per a report by WWF-India, C&I consumers account for 51 per cent of the total electricity consumption in India, which […]

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Renewables unlikely to surpass coal as major source for power generation: CIL chief

Coal India Chairman Anil Kumar Jha on Wednesday said renewables are unlikely to surpass coal as the major source for power generation in the near future and asserted that India’s energy migration scenario will be different compared to many other countries. State-owned Coal India accounts for nearly 83 per cent of the country’s coal production. […]

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Wind power capacity addition to improve in near term: ICRA

Wind energy sector’s capacity addition will improve in near term, while the bid power tariffs in the recent wind power auctions inched upwards, an ICRA report said on Wednesday. The wind energy sector has witnessed project awards of 10 GW between February 2017 and September 2018 by central nodal agencies like the Solar Energy Corporation […]

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