Tags: renewables

KKR launches Virescent Infrastructure- a platform to acquire renewable energy assets

Global investment firm KKR has announced the launch of Virescent Infrastructure, a newly created platform to acquire renewable energy assets in India. Headquartered in Mumbai, Virescent aims to expand its diversified portfolio of operational renewable energy assets, facilitated by investments predominantly made through KKR’s infrastructure fund. Virescent looks to identify investment opportunities that have stable […]

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NTPC ties up INR 3582 crore funding from JBIC

In the first funding for NTPC Ltd under Japan Bank for International Co-operation (JBIC)’s GREEN or Global Action for Reconciling Economic growth and Environment preservation initiative, India’s largest power producer entered into foreign currency loan agreement with Japanese Government’s financial institution for JPY 50 billion (approx. USD 482 million or Rs. 3,582 crore). JBIC will […]

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Here is what PM said delivering inaugural address at 4th India Energy Forum

PM delivered inaugural address at 4th India Energy Forum CERAWeek through video conference. The theme of this edition is “India’s Energy Future in a world of Change”. Speaking on the occasion, the Prime Minister said India is full of energy and its energy future is bright and secure. He  elaborated that in spite of various […]

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Discoms can save up to INR 21880 crore with Indexed renewable energy tariffs: IEEFA

The inflation indexation of tariffs for future solar capacity could provide much-needed financial respite to the distressed power distribution sector and help India move away from coal-fired power, according to a joint briefing note by the Institute for Energy Economics and Financial Analysis (IEEFA) and the CEEW-Centre for Energy Finance (CEF). Zero indexation tariffs have been the […]

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Investments into the renewables sector to increase 35 percent by FY 23: Report

Encouraging investor interest and enabling regulations can boost the investments into the renewables sector by a healthy 35 percent to Rs 1.5 lakh crore between now and the end of fiscal 2023, says a report. The past three years saw fresh investments into the renewables sector led by solar and partly by wind power, surging […]

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NTPC incorporates subsidiary for renewable energy business

NTPC on Thursday said it has incorporated a subsidiary for its renewable energy business. “NTPC Ltd has incorporated a wholly-owned subsidiary, in the name of NTPC Renewable Energy Ltd with the Registrar of Companies, NCT of Delhi & Haryana on October 7, 2020, to undertake renewable energy business,” a BSE filing said. In August, NTPC […]

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India PV Edge 2020: Future power bids to include bids for advanced technology said R. K. Singh

NITI Aayog, Ministry of New & Renewable Energy (MNRE), and Invest India together organized a global symposium ‘India PV Edge 2020’ on October 6, 2020. It was one of its kind platform for global cutting-edge technology providers, equipment makers, and PV champions to present their technologies to the Indian stakeholders who are drawing up their […]

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Aviation leaders commit to green recovery amid COVID-19 crisis

Aviation industry leaders have reiterated that long-term climate action should be a priority alongside economic recovery in the coming years. Michael Gill, Executive Director of the cross-industry Air Transport Action Group, said air transport is in the midst of the deepest shock in its history. “We expect a reduction of up to 4.8 million jobs […]

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Renewable Energy Jobs Continue Growth to 11.5 Million Worldwide: IRENA

According to the latest figures released by the International Renewable Energy Agency (IRENA),  Renewable energy continues to bring socioeconomic benefits by creating numerous jobs worldwide. The seventh edition of Renewable Energy and Jobs – Annual Review shows that renewable energy jobs in the sector reached 11.5 million globally last year, led by solar PV with some 3.8 […]

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Energy Leaders Outline Next Decade Priorities for Net Zero Carbon Economy

In a report published by Energy Transitions Commission, a coalition of 45 leaders from global energy producers, energy-intensive industries, financial institutions and environmental advocates argued that the world can and must achieve net zero greenhouse gas emissions by mid-century. Energy leader including Arcelor Mittal, Bank of America, BP, Development Research Center of the State Council […]

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