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)
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"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
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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,
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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
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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
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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
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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
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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
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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
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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
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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)
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