Adani Group to invest about USD 35 bn to set up solar, wind, hybrid plants in 5 years: Sagar Adani
Adani Green energy is investing USD 35 billion over five years in large-scale solar, wind, and hybrid power plants across India. This initiative aims to contribute significantly to India's renewable energy capacity and support the country's growing energy demands. Key Points
Economic TimesNTPC Green energy IPO: Check key dates, price band, and latest GMP
NTPC Green energy IPO: The IPO is positioned as one of the largest in India this year, alongside Hyundai Motor India Ltd. and Swiggy Ltd. The anchor book will open for subscription on Monday. Key Points
India TodayHow modern technologies are shaping India’s journey towards clean energy transition
India aims to achieve net zero emissions by 2070 through significant investments in renewable energy, green hydrogen, and carbon capture technologies. The country has increased its renewable energy capacity with substantial advancements in solar and wind power. The government supports these efforts with initiatives like the National Green Hydrogen Mission and integration of AI in smart grids. Key Points
Economic TimesIndia’s nuclear power capacity to increase by 70% in five years
The country's installed capacity is projected to rise from the current 7.48 GWe to 13.08 GWe by 2029, representing an addition of seven new reactors. Key Points
India TodayEcuador Is Literally Powerless in the Face of Drought
Drought-stricken hydro dams have led to daily electricity cuts in Ecuador. As weather becomes less predictable due to climate change, experts say other countries need to take notice. Key Points
WIREDGovt renewable power co IREDA achieves all-time high profit
New Delhi [India], April 20 (ANI): Indian Renewable energy Development Agency Ltd. (IREDA) achieved an all-time high annual Profit After Tax (PAT) of Rs. 1252.23 crore in its audited financial results for the fiscal year 2023-24, the company informed in an exchange filing on Friday. The loan disbursement amount of IREDA also increased to all […] Key Points
ThePrintPanasonic to form JV with Indian Oil to manufacture cylindrical lithium-ion batteries in India
Cylindrical lithium-ion batteries are commonly used in consumer electronics, power tools, and electric vehicles. Panasonic energy is a maker of automotive lithium-ion batteries. The two companies are engaging in a feasibility study regarding the utilisation of battery technology to facilitate the transition to clean energy in India, the statement said. Key Points
Economic TimesThe Future of EV Charging is Bidirectional, If You Can Afford It
Idle electric vehicles could act as massive batteries for homes and the energy grid. But the technology to pull this off is tricky. Key Points
WIREDIndia's first battery storage gigafactory to start operating by October
GoodEnough energy to launch India's first battery energy storage gigafactory in Jammu and Kashmir by October. Akash Kaushik leads the investment for a 7 GWH facility, expanding to 20 GWH by 2027. India aims 500 GW renewable energy capacity by 2030, with $452 million incentives. Key Points
Economic TimesAmazon Summer Appliance Fest 2024: Get upto 29% off on single door refrigerators and prepare for coming summer
Amazon Summer Appliance Fest 2024 is here and this is your chance to get your hands on the best single door refrigerators at discounted prices. Check out the top deals and get heavy discounts. Key Points
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Masdar, Gentari, others eye majority stake in Ayana Renewable Power
The majority stake sale will value Ayana's equity at $1 billion, with an enterprise value - inclusive of debt in the capital structure - around $2.5-3 billion, sources told ET. Non-binding bids will likely be in by mid-April, said these officials. Key Points
Economic TimesBest deals on Amazon for window AC: Top 6 picks to tackle summer heat and maintaining cool ambience indoors
Are you looking for a new window AC and want the best deal on Amazon before summer shows its full strength? Check out the top 6 deals on window AC that you can cop. Read our in-depth reviews to make an informed decision. Key Points
mintSensitive Souls: 5 signs that you may be an empath
Others News: Empaths absorb emotions, trust intuition, and maintain boundaries. They sense events beforehand, making accurate decisions. Positive vibes recharge, w Key Points
Times Of IndiaBest fridge under ₹25000: Top 10 picks that promise efficient cooling
Keep your food’s freshness intact with the best fridge under Rs, 25000. Here, we have curated a list of top 10 best fridges under ₹25000 for you. Key Points
Hindustan TimesBest Samsung AC: Get the best cooling performance with a mix of modern features with top 6 picks to choose from
Samsung ACs have been trusted by multiple buyers over the years. Since the summer months are already knocking on our doors, it is best to get ready to embrace the heat. Check out the best Samsung ACs with different functionalities and features to suit your home and your needs. Key Points
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Stocks in news: JM Financial, Zomato, Samvardhana Motherson, IRCTC, Aavas Financiers
IRCTC has signed an MoU with Swiggy to provide pre-ordered meals to passengers via IRCTC e-Catering Services. The services will be made available initially on Bengaluru, Vijayawada, Visakhapatnam & Bhubaneswar stations. Key Points
Economic TimesSuzlon energy shares slump 5%, down 15% in last one month; Here's why
Suzlon energy stock experienced a 5 percent drop, reaching its lower price band of ₹40.53, on Tuesday's trading session. Key Points
mintBengaluru airport ties up with CleanMax for solar-wind energy
Bangalore International airport has signed a 25-year long-term power purchase agreement with renewable energy company, Clean Max Enviro energy Solutions (CleanMax) for the generation and supply of renewable energy from a 45.9 MW Solar-wind Captive Power Project. Key Points
Times Of IndiaShell's vision aligns with that of PM Modi for India's energy sector, says chief executive officer Wael Sa
In an interview with ET, Shell CEO Wael Sawan expressed concerns about rising political and social polarization worldwide, citing its impact on policy stability and investment risks in the energy sector. He emphasized that Shell's energy transition trajectory will be driven by economics, regardless of political changes, although policy shifts can affect investor confidence. Key Points
Economic TimesFitch affirms Adani energy Solutions' ratings with ‘Stable’ outlook
Fitch has affirmed the 'BBB-' ratings on the $400-million senior secured notes issued by Adani energy Solutions, formerly Adani Transmission. Fitch projects an average debt-service coverage ratio (DSCR) of 1.48x, with a profile DSCR of 1.30x between the financial years ending FY27 and FY33 under its rating case. Key Points
Economic Times
Virtual power plants could help lead our energy transition
Let technology bridge India’s gaps between variable energy demand and intermittent clean supply. Network software can do exactly what we need. Key Points
mintRP Sanjiv Goenka Group to explore NE states for renewable energy project
Kolkata, Feb 20 (PTI) The RP Sanjiv Goenka Group, with revenue exceeding USD 4 billion, has expressed interest in exploring investment opportunities in the Northeast, including renewable energy. The group officials had a preliminary one-on-one meeting with the Minister of State for Development of North Eastern Region (DoNER), B L Verma. He was in Kolkata […] Key Points
ThePrintOnly Asia on track to triple renewables by 2030, India, China driving growth, says report
Climate Analytics report said global renewable energy capacity needs to grow 3.4-3.6 times by 2030 & that goal of tripling renewables should be treated 'as a floor, not a ceiling'. Key Points
ThePrintPM Modi inaugurates ONGC's sea survival centre in Goa
Goa [India], February 6 (ANI): Prime Minister Narendra Modi, who is on a day-long visit to Goa on Tuesday, inaugurated the ONGC Sea Survival Centre. The Centre has been developed as a one-of-a-kind Integrated Sea Survival Training Centre to advance the Indian sea survival training ecosystem to global standards. The centre is expected to train […] Key Points
ThePrintIndia to sign multi-billion-dollar deal with Qatar to extend LNG import for 20 years at lower rates
Indian companies are investing billions of dollars to build natural gas infrastructure and are scouting for long-term LNG import deals as the nation wants to raise the share of natural gas in its energy mix to 15% by 2030 from the current 6.3 per cent. Key Points
Firstpost
Budget 2024: Rooftop solar, green hydrogen push — experts discuss initiatives to charge up renewable energy sector
During the Interim Budget 2024, Finance Minister Nirmala Sitharaman made significant announcements to charge up the green energy sector. Rooftop solarisation can power the renewable energy industry and support job creation, say experts. Key Points
mintInfra, energy transition to go hand in hand
India's interim budget focuses on supporting infrastructure and energy sectors. The central government has launched infrastructure development programmes and offers long-term, interest-free capital expenditure loans. The budget also announces three new railway economic corridor programmes. There is a need to increase generation from both coal-based and renewable energy sources, while making thermal power cleaner and more efficient. The budget integrates biofuels into clean energy generation and supports decentralised energy solutions in rural areas. It also promotes waste-to-energy initiatives and provides financial assistance for biomass aggregation machinery. The budget targets coal gasification and liquefaction capacity, wind energy, and the phased blending of biogas into CNG and PNG. It encourages rooftop solar installations and offers incentives for adoption. The budget also addresses socio-economic priorities and India's demand for reliable, affordable, and sustainable energy. The support for infrastructure and energy sectors in the budget ensures that infrastructure development and energy transition go hand in hand. Key Points
Economic TimesBrookfield looking to sell 1.6 GW clean energy India assets
Currently, Brookfield has about 20 GW of wind and solar assets in operation or in the development pipeline across India. Investment bank JP Morgan has been hired to run the process, said people aware of the matter. Key Points
Economic TimesGovt, industry gear up for India energy Week in Goa; to showcase business opportunities
The first edition of IEW was held in Bengaluru last year. In the second edition to be held in Goa, 900 exhibitors will participate, about 30% more than last year. The total number of participants is expected to be over 35,000 at IEW. Goa would also have dedicated country pavilions of Canada, Germany, Netherlands, Russia, the UK, and the US. Key Points
Economic TimesBudget 2024: How budget planning can help stimulate growth of renewable energy
Interim Budget 2024: The Government of India aims to achieve 50% cumulative installed power generation capacity from non-fossil fuel sources by 2030. However, there is a need for increased annual capacity addition to reach the target. The upcoming budget for FY 2024-25 is expected to focus on sustainable financing for renewable energy (RE) projects, including distributed RE installations, localizing the supply chain, and boosting rooftop solar installations. Key Points
Economic Times
Need right balance between development & carbon emissions
The review of the economy emphasizes the importance of balancing development and carbon emissions mitigation globally. It acknowledges that many nations prioritize access to energy as an immediate concern. India's energy transition policies strike a blend of near-term pragmatism and long-term goals to reduce fossil fuel dependence. Key Points
Economic TimesPrepare for summer season models from the best AC brands: Top 10 choices for you
Best AC brands: A reliable AC brand makes you tension free for a long time. Choose from the best models from top AC brands and stay ahead of the summer heat. Shop early to get better deals and off-season discounts. Key Points
mintIndia’s renewable energy supply on the rise: Report
The share of renewable energy (wind, solar and other RE) increased to 30.1% in 2023 compared to 27.5% in 2022 | Latest News India Key Points
Hindustan TimesReliance to commission new energy giga complex this year
Reliance Industries Ltd is set to commission the Dhirubhai Ambani Green energy Giga Complex, one of the largest integrated renewable energy manufacturing facilities, in Gujarat. The complex includes five giga factories for photovoltaic panels, fuel cell system, green hydrogen, energy storage, and power electronics. Reliance has signed an MoU with the Gujarat government to set up 100 gigawatt renewable power. Key Points
Economic TimesGreen hydrogen fuel of future; India has its inherent advantages: Hardeep Puri
Davos [Switzerland], January 17 (ANI): India, with a large population base, has its inherent advantages when it comes to green hydrogen, said Union Petroleum Minister Hardeep Puri, asserting that there will be a large energy demand as the country transitions to greener sources of energy. “Green Hydrogen is the fuel of the future. I think […] Key Points
ThePrintJSW energy commissions 350 MW unit at Ind-Barath thermal power in Odisha
New Delhi, Jan 15 (PTI) JSW energy Ltd on Monday announced commissioning of the first unit — having a capacity of 350 MW — at its Ind-Barath thermal power plant in Odisha. Following the commissioning of this unit, the company’s operational capacity rises to 7,189 MW, JSW energy said in an exchange filing. The unit […] Key Points
ThePrintBig green energy bet: Adani group to invest more than ₹2 lakh crore in 5 years in Gujarat
Most of the investments announced by the Adani group on Wednesday will be in green energy and its infrastructure. The group is constructing a green energy park in Khavda, Kutch - touted as the largest in the world - which will generate 30 GW of renewable energy. Key Points
Economic TimesIndia one of our 4 global hubs, 3rd largest market: Schneider Electric CEO Peter Herweck
Herweck, a German, who lived largely in Switzerland but now heads a Paris incorporated giant, believes digitisation, artificial intelligence has been a super tailwind for the company. Secondly, he said, the evolution of wealth is changing in the world especially in markets like India and that is aiding the company's decision to double down on investments. Key Points
Economic TimesIndia’s urban population is exploding. That could have huge consequences for the planet
India is burning ever greater amounts of coal and oil as it tries to meet the needs of its 1.4 billion people. But it also has huge renewable potential. Key Points
CNNKay Cee energy & Infra IPO: Check GMP, subscription status on day 3, other key details
Kay Cee energy & Infra Limited IPO opened for subscription on December 28 and will close on January 2. The IPO price band is set at ₹51 to ₹54 with a lot size of 2,000 shares. Key Points
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Predictions for 2024: Need aggressive action to meet green targets, says Amitabh Kant
In 2024, popularisation of solar rooftops must be undertaken in mission mode. This is Indias big opportunity. Despite successes in renewable energy, we have been unable to make a breakthrough in solar rooftops. Many state electricity regulatory commissions (SERCs) have not yet adopted gross-metering. With gross-metering, consumers will be able to sell excess electricity generated back to the grid, reducing their power bills. Furthermore, the power generated through solar rooftops will be consumed locally, reducing transmission and distribution losses. Key Points
Economic TimesAdani Green completes JV with TotalEnergies, raises USD 300 million
Ahmedabad (Gujarat) [India], December 27 (ANI): Adani Green energy Limited (AGEL) on Wednesday announced the completion of the 1,050 MW joint venture (JV) with TotalEnergies. As part of the JV, TotalEnergies invested USD 300 million in AGEL subsidiary, for acquiring 50 per cent stake in the projects. This follows the binding agreement about the JV […] Key Points
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