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Plunging cost of wind and solar marks turning point in energy transition - IRENA

By : Sustainability ..., Jun 2, 2020

Plunging costs of renewables mark a turning point in a global transition to low-carbon energy, with new solar or wind farms increasingly cheaper to build than running existing coal plants, according to a report published on Tuesday. The International Renewable Energy Agency (...

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Softbank-Bharti renewable JV looks to raise up to $750 million

By : Sustainability ..., May 29, 2020

SoftBank-backed renewable energy firm SBG Cleantech is set to reach out to financial and strategic investors to raise capital to fund its ongoing and pipeline projects in India and the US. SB Energy, the renewable energy arm of SoftBank, has mandated Bank of America Merrill...

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Germany to help India evaluate optimal power balancing to meet renewable energy plans by 2022

By : Sustainability ..., May 26, 2020

Deutsche Gesellschaftfür Internationale Zusammenarbeit (GIZ) has contracted DNV GL, world’s largest resource of independent energy experts and certification body to conduct a major control reserve study for southern region of India. It is the first control reserve study to be...

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Green Certificates Trading Mirrors Power Slowdown with 35% Drop

By : Sustainability ..., May 26, 2020

Renewable energy certificates (REC) sales slumped by over 35 per cent to 2.37 lakh units in April. In April 2019, total sales had crossed 3.68 lakh. The figures come from the Indian Energy Exchange, the premier platform for trading in these certificates, along ith Power...

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ONGC and NTPC to Form JV for Renewable Energy Business

By : Sustainability ..., May 22, 2020

The Oil and Natural Gas Corporation Limited (ONGC) and India’s largest power generation utility NTPC ltd are planning to set up a Joint Venture (JV) company for the renewable energy business. According to an ONGC statement, the two Maharatna’s entered into a Memorandum of...

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India may see renewable, roads mega sale once the lockdown is lifted

By : Sustainability ..., May 8, 2020

On April 27, PE firm KKR said it will buy Shapoorji Pallonji group's solar assets. While the lockdown has impacted mergers and acquisitions across businesses, companies and deal consultants are certain that renewable power assets would be the first to go up on sale on the...

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COVID-19: Renewable power generation remains unaffected amid lockdown, says report

By : Sustainability ..., May 6, 2020

Amid the COVID-19 lockdown, renewable power generation remained unaffected due to their ‘must-run’ status while electricity from thermal sources were impacted most due to a decline in power demand in March and April 2020, according to a recent report by Indian Ratings. It...

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Coronavirus risks future of India's coal-fired power plants: IEEFA

By : Sustainability ..., May 5, 2020

The coronavirus pandemic and subsequent nationwide lockdown have highlighted the growing financial risks to India's coal-fired power plant sector, a technology being replaced by new, cheaper, and cleaner renewable energy, an IEEFA note said on Monday. Entitled 'Who Would...

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COVID-19: Labour migration to pose short-term challenges for power, renewable energy sectors

By : Sustainability ..., May 1, 2020

The COVID-19 pandemic has pushed the country under an extended lockdown creating a cascading effect on economic growth but the labour migration caused by it is posing serious challenges for the power and renewable energy industries. The exodus of migrant labourers from major...

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Clean energy: Gujarat, Rajasthan shine in FY20 while Karnataka retains top slot

By : Sustainability ..., Apr 29, 2020

Amid headwinds faced by the renewable energy sector in FY20, Gujarat and Rajasthan managed to add more capacities than others, while Karnataka retained its Number One position in total installed capacity. Gujarat’s total renewable capacity crossed the 10,000 MW mark in FY20,...

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