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Fortum plans to set 300 MW solar power units in India per year

By : Sustainability ..., Sep 27, 2019

Fortum India, a unit of the €5-billion Finland-based Fortum Oyj, plans to set up 300 MW of solar power capacity each year in India for the next five years, taking its total installed capacity to over 2,100 MW. The investment will be about ₹1,300 crore per year, totalling...

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Govt to ease land acquisition, finance for renewables to meet 450 GW target

By : Sustainability ..., Sep 26, 2019

The Ministry of New and Renewable Energy has started drafting plans to set up mega capacities and ease investment in renewables to meet the new target set by Prime Minister (PM) Narendra Modi. At the United Nations Climate Action Summit in New York on Monday, Modi vowed to...

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Javadekar: India has met 50% of renewable energy targets

By : Sustainability ..., Sep 26, 2019

Following Prime Minister Narendra Modi’s announcement of scaling up clean energy capacity, Union environment minister Prakash Javadekar on Wednesday stated that the country has already met around 50% of its 2022 targets. Speaking at the India Climate Leaders’ Dialogue here,...

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PM Modi hosts Caribbean leaders, announces $14 million grant to CARICOM

By : Sustainability ..., Sep 26, 2019

Prime Minister Narendra Modi met the leaders of the Caribbean Community and Common Market (CARICOM) during the first-ever India-CARICOM leaders’ summit here, with a focus on fighting climate change and increasing India’s participation with the grouping. Mr. Modi announced a $...

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PM Modi announces $150 mn line of credit to group of Pacific island nations

By : Sustainability ..., Sep 26, 2019

Prime Minister Narendra Modi has announced a $150 million line of credit to the group of Pacific island nations for undertaking solar, renewable energy and climate-related projects based on their requirement. Modi, who attended the India-Pacific Islands Developing States (...

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Waaree Energies expands module manufacturing capacity by 500 MW to 2,000 MW

By : Sustainability ..., Sep 26, 2019

Domestic solar PV module manufacturer Waaree Energies on Tuesday said it has increased its module manufacturing capacity by 500 megawatt to 2,000 MW. The demand for solar energy has seen an uptake in recent years. However, due to various policy driven and geo-political...

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In New York, PM Modi urges business leaders to invest in India

By : Sustainability ..., Sep 26, 2019

Prime Minister Narendra Modi on Wednesday pitched India as a key investment and trade destination to the global business community, highlighting the country’s economic and political strengths and pledging personal intervention to address any gaps. Delivering the keynote...

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IEA: Almost 200GW of renewable energy capacity will be installed worldwide in 2019

By : Sustainability ..., Sep 24, 2019

After stagnating last year, renewable energy has hit back with a vengeance in 2019 with the International Energy Agency (IEA) expecting almost 200 GW of new clean energy generation capacity will have been added by year-end. The lion’s share of the new capacity will come from...

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Indian Coal Mining Company Boasts 1 Gigawatt Operational Renewable Energy Capacity

By : Sustainability ..., Sep 24, 2019

A large coal mining company in India has reached an impressive milestone in its journey towards diversification in the energy sector. NLC India Limited (formerly Neyveli Lignite Corporation) recently informed the Bombay Stock Exchange that it commissioned a 95 megawatt solar...

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India has committed $90 bn renewable energy investment so far: UNEP

By : Sustainability ..., Sep 24, 2019

India has so far committed a mammoth $90 billion investment in the renewable energy sector and is fast emerging as a leading investor for green energy projects, according to United Nations Environment Programme (UNEP). "India is an increasingly important investor in...

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