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Immediate switch to renewable energy required across sectors, says report

By : Sustainability ..., Jun 16, 2020

The journey towards climate disaster would continue, unless an immediate switch to efficient and renewable energy is made across sectors in the wake of the COVID-19 pandemic, according to a latest report. According to the report by Paris-based think-tank REN21, though growth...

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Sovereign rating downgrade poses risk for India's green energy investors

By : Sustainability ..., Jun 15, 2020

The recent downgrading of India’s sovereign credit rating poses increased risk for attracting global investors in the country’s renewable energy sector. Earlier this month, Moody’s cut the country’s sovereign credit rating by a notch to the lowest investment grade with...

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India will soon be able to discover the untapped potential of renewable energy sector'

By : Sustainability ..., Jun 11, 2020

Leading solar manufacturers have sought the intervention of the government to provide a level-playing field to all manufacturing units in order to realize the true potential of the renewable energy sector under the ambitious Atma Nirbhar Bharat Abhiyan. Prime Minister...

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MNRE Creates FDI Cell to Process Foreign Investment Proposals

By : Sustainability ..., Jun 9, 2020

In order to keep a closed eye on the investment made by neighbouring countries in India, the Ministry of New & Renewable Energy (MNRE) has set up a new cell in the ministry for taking care of the foreign direct investment (FDI) into the sector. The Ministry said in a...

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Textile Inc to focus on sustainability to tap global market

By : Sustainability ..., Jun 8, 2020

A textile industry forum is on a mission to showcase the sustainability measures followed by textile units in the state to the global market and tap more business opportunities. As part of the project, which is titled ‘India for SURE’, the Indian Texpreneurs Federation (ITF)...

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COVID-19: MNRE extends all deadlines for One Sun One World One Grid plan

By : Sustainability ..., Jun 5, 2020

The Ministry of New & Renewable Energy (MNRE) on Thursday extended the deadline for various activities under its recently proposed One Sun One World One Grid (OSOWOG) plan due to the COVID-19 pandemic. “In view of the prevailing situation and lockdown in many parts of the...

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Contours of green markets for short-term trade being worked upon

By : Sustainability ..., Jun 5, 2020

India is finalising contours of green markets for short-term trade of renewable energy, moving away from the present preference for setting up such projects on the basis of long-term tie-ups. Experts said the green markets will give an option to renewable energy companies to...

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For Developing Countries, More Solar Power – and More Lead Contamination

By : Sustainability ..., Jun 4, 2020

At the 2018 United Nations climate meeting in Poland, the European Union and the Indian-led International Solar Alliance (ISA) signed a joint declaration that climate change activists say could help India meet its renewable energy target by 2022. The country is one of several...

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Solar eclipse: India braces for 11,943 MW hit to solar power; POSOCO readies systems

By : Sustainability ..., Jun 3, 2020

Power System Operation Corporation (POSOCO) has started preparing power systems for the 21 June annular solar eclipse as it expects a reduction in solar power generation by 11,943 megawatt (MW) across India. The solar eclipse will begin at 09:56 am IST at Dwarka, Gujarat and...

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Tata Power eyes Rs 3,000-crore divestment, revamp of green assets to cut debt

By : Sustainability ..., Jun 2, 2020

Tata Power Company hopes to raise about Rs 3,000 crore from divestment of non-core operations and restructuring the renewable energy business with an aim to cut debt by at around 40% this financial year. The company, which has an installed capacity of 12,742 megawatts, hopes...

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