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India Calls For Investment in Renewable Energy Parks (Int'l.)
India Renewable Energy
Date: 2019-09-16
In New Delhi, the Indian government of Prime Minister Narendra Modi is calling for state-run companies to build massive clean energy parks at an expected cost of around $2 billion each. The proposed energy parks will be set up under the existing Solar Park scheme, which provides land and grid connectivity.

The proposed renewable energy power parks averaging 2,000 MW apiece, are intended to help developers achieve economies of scale, further reduce solar and wind power tariffs, and bolster India's image as a clean energy developer and industry leader. Clean energy presently account for more than 20 pct of India's installed power generation capacity. (Source: Livemint, Financial Tribune, 14 Sept., 2019)

More Low-Carbon Energy News India Renewable Energy,  Wind,  Solar,  


India's Renewables Installations Capacity Tops 80GW (Int'l Report)
India Renewable Energy
Date: 2019-07-19
In New Delhi, the Indian Minister of State for New & Renewable Energy and Power has announced his country's cumulative installed renewable energy capacity hit 80.46 GW as of 30 June, 2019. The Minister added renewable energy projects of 26.62 GW capacity were under various stages of implementation and 43.84 GW capacity is presently under different stages of bidding.

"The Government is confident of meeting the target of installing 175 GW of renewable energy capacity by 2022: solar will be 100 GW; wind 60 GW; biomass 10 GW; and small hydropower 5 GW. (Source: India Minister of State for New & Renewable Energy and Power, IndiaCSR, 17 July, 2019) Contact: Indian Minister of State for New & Renewable Energy and Power, R.K. Singh, https://twitter.com/officeofrksingh?lang=en

More Low-Carbon Energy News India Renewable Energy,  


Joint $330Mn Investment in Indian Renewables Announced (Int'l)
CDC Group
Date: 2019-03-08
EverSource Capital, National Investment and Infrastructure Fund of India (NIIF) and Ayana Renewable Power are reporting plans to jointly invest $330 million in Indian renewable energy projects. The three group also intend to invest a further $1.7 billion in Indian and neighboring countries power generation, power transmission and distribution, transport, the gas midstream, and the water sector over the next three years.

The launch fund would be called the Green Growth Equity Fund (GGEF). The UK government and India's National Investment and Infrastructure Fund (NIIF) will be joint anchor investors in GGEF with a commitment of £ 120 million each.

The London-headquartered CDC is the UK's development finance institution that supports companies that help poor countries grow. (Source: CDC Group, Mercom India, Mar., 2019) Contact: CDC Group, Srini Nagarajan, Head of CDC Asia, +44 (0)20 7963 4700, +44 (0)20 7963 4750 - fax, enquiries@cdcgroup.com, www.cdcgroup.com/en

More Low-Carbon Energy News India Renewable Energy,  CDC Group,  ,  


Indian Renewable Energy Investments Nearing $20Bn (Int'l)
International Energy Agency
Date: 2018-08-06
According to recent date from the International Energy Agency's (IEA) World Energy Investment 2018 report, investments in India's renewable energy sector surpassed investment in fossil fuel-based power production in 2017.

At alsmost $20 billion, 2017's investment in Indian renewables accounted for over a third of investments in the power sector thanks to nearly double the money being poured into solar and wind projects. By comparison, in 2017 all investments in power projects based on coal, gas, and oil as fuel reached totaled just $16 billion altogether.

This increase in renenwables is largely accredited to to the recently decreasing prices of wind and solar power and the rising price of coal. (Source: International Energy Agency, Oilprice, Aug., 2018) Contact: IEA, Fatih Birol, Exec. Dir., +33 1 40 57 65 00, www.iea.org

More Low-Carbon Energy News International Energy Agency,  India Renewable Energy,  Renewable Energy,  


EIB, Yes Bank Co-financing $400Mn Indian Renewables Projects (Int'l)
European Investment Bank,Yes Bank
Date: 2018-01-03
The European Investment Bank (EIB) reports it is partnering with Yes Bank, a private Indian bank, to co-finance $400 million in commercial-scale solar and wind energy projects in the Indian states of Karnataka, Telangana, Maharashtra, and Rajasthan.

Yes Bank was the first bank in India to launch a green bond back in February 2015. The bank has raised at least $250 million through three green bond issues in collaboration with International Finance Corporation and FMO, the development bank of Netherlands. (Source: Yes Bank, EIB, CleanTechnica, 1 Jan., 2017) Contact: European Investment Bank, www.eib.org; YES Bank, Rana Kapoor, CEO, www.yesbank.in

More Low-Carbon Energy News Yes Bank,  European Investment Bank,  Wind,  Solar,  India Renewable Energy,  Wind,  Solar,  


India Plans 2-GW Wind Tender (Int'l)
Solar Energy Corporation of India
Date: 2017-11-27
In New Delhi, India's Ministry of New and Renewable Energy (MNRE) last Thursday issued a tender for 2 GW of wind capacity to be carried out by Solar Energy Corporation of India (SECI). India is in a process of transitioning from feed-in tariffs (FiTs) to auctions in the wind sector. The government's first 1-GW wind auction achieved a price of INR 3.46 (USD 0.053/EUR 0.045) per kWh and was followed by a second 1-GW tender, concluded in October, that resulted in a price of INR 2.64 per kWh.

Announcing approval for the bigger tender on Wednesday, the Ministry of New and Renewable Energy (MNRE) said that the competitive prices are encouraging distribution companies (discoms) to purchase wind power to meet their non-solar renewable purchase obligation (RPO). According to the ministry, projects of at least 50 MW and up to 400 MW will be awarded per bidder. The off-take contracts will be for 25 years. (Source: SECI, 24 Nov., 2017) Contact: India MNRE, www.mnre.gov.in; Solar Energy Corporation of India, www.seci.gov.in

More Low-Carbon Energy News India Renewable Energy,  India Wind,  


Orange Renewable Commissions 140 MW of Indian Solar Projects (Int'l)
Orange Renewable
Date: 2017-10-20
Indian wind and solar energy developer Orange Renewable ie reporting commissioning of 140 MW of solar parks in the states of Gujarat and Maharashtra. The capacity, which the company says is sufficient for approximately 175,000 homes, includes the 40-MW Charankar plant in Gujarat and the 100-MW Dhule PV complex in Maharashtra.

The projects were developed under the viability gap funding (VGF) model through which the government provides financial support to make projects commercially viable and compensates the developer for the power produced at market rates.

New Delhi-based Orange Renewable develops, builds and operates wind and solar power facilities in India with assets in Andhra Pradesh, Madhya Pradesh, Gujarat, Maharashtra, Rajasthan and Tamil Nadu states. Earlier this week, the company said it has secured a 200-MW wind project in Tamil Nadu in India’s second tender for 1,000 MW of wind power generation that attracted record low bids of just INR 2.64 (USD 0.041/EUR 0.035) per kWh. (Source: Orange Renewable Power, +91 11 3050 1110, www.orangerenewable.net

More Low-Carbon Energy News Solar,  India Renewable Energy,  


NLC India Focused on Transition to Renewable Energy (Int'l)
NLC India
Date: 2017-07-17
In Kolkata, Indian state-owned lignite thermal power producer NLC India Ltd. -- aka Neyveli Lignite Corporation -- reports it is moving away from lignite power production and investing heavily in renewable energy.

The company recently won a 709 MW solar project in Tamil Nadu. and anticipates a total generating capacity of 1,500 MW by 2018 inceasing to 4,200 MW by 2020. This would include around 3,999 MW of solar power capacity and another 207 MW of wind energy projects. The company intends to establish 995 MW of solar generation capacity each at Tamil Nadu and Uttar Pradesh. The plant in Tamil Nadu is expected to be ready by March 2019 while that in Uttar Pradesh would come online by September 2019. (Source: NLC India Ltd., Economic Times, 12 July, 2017) Contact: NLC India Ltd., www.nlcindia.com

More Low-Carbon Energy News NLC India,  Renewable Energy,  India Renewable Energy,  


Gamesa Plans $2.6Bn Investment in Indian Renewables (Int'l)
Gamesa
Date: 2017-02-15
Spanish renewable energy giant Gamesa's Indian subsidiary Gamesa Renewable reports it will invest $2.6 billion to establish 2.500 MW of utility-scale wind and solar power projects in India's southern Andhra Pradesh state.

According to Gamesa, it will likely acquire land and collaborate with interested investors and industries, and will be responsible for the construction, commissioning, operations, and maintenance of the projects.

The Andhra Pradesh Electricity Regulatory Commission (APERC) aims to increase the state's electric power production to 25.25 pct of total capacity not later than March, 2022. (Source: Gamesa, CleanTechnica, Others, 17 Feb., 2017)Contact: Gamesa, +34 948 771 000, www.gamesacorp.com

More Low-Carbon Energy News Gamesa,  India Renewable Energy,  Wind,  Solar,  


India Plans 60 pct Renewable Power by 2027 (Int'l Report)
Institute for Energy Economics and Financial Analysis
Date: 2016-12-23
In New Delhi, the Indian government's draft 10-year energy blueprint is forecasting that India will exceed the renewable energy targets -- 40 pct by 2030 -- set in Paris last year by nearly half, as well as three years ahead of schedule. The recently release draft document also predicts that 57 pct of the country's total electric power capacity will come from non-fossil fuel sources by 2027, and thus negate the need for new coal-fired power stations.

The forecast reflects an increase in private and corporate sector investments, but little from government, in India's renewable energy projects over the past year, according to Tim Buckley, a director at the Cleveland-based Institute for Energy Economics and Financial Analysis.

In the 2027 forecasts, India aims to generate 275 GW of total renewable energy, in addition to 72GW of hydroenergy and 15 GW of nuclear energy. Nearly 100 GW would come from "other zero emission" sources, with advancements in energy efficiency expected to reduce the need for capacity increases by 40GW over 10 years. (Source: Institute for Energy Economics and Financial Analysis, Guardian, 22 Dec., 2016)Contact: Institute for Energy Economics and Financial Analysis, (216) 688-3433, http://ieefa.org

More Low-Carbon Energy News India Renewable Energy,  


India's $2Bn CEEF set for April, 2017 Offering (Int'l Report)
India, Clean Energy Fund
Date: 2016-11-21
In New Delhi, the Indian government is about to launch a $2 billion Clean Energy Equity Fund (CEEF) aimed at pushing renewable energy investments and encouraging renewable energy developments. An initial $1 billion will be available starting in April 2017.

The CEEF expects contributions from the central government as well as some state-owned companies. Around $600 million will be contributed from the National Investment and Infrastructure Fund with the balance from state-owned companies including NTPC Limited, Rural Electrification Corporation, Indian Renewable Energy Development Agency (IREDA), and others.

The government has set a target to have installed renewable energy capacity of 175 GW, including 100 GW solar power and 60 GW wind energy capacity. (Source: Various Media, cleanTechnica, 17 Nov., 2016)

More Low-Carbon Energy News India Renewable Energy,  Green Bond,  

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