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Karnataka bags Rs 72,000 cr investment proposals; EV, solar power in focus

By : Sustainability ..., Feb 17, 2020

Rs 72,000 crore investment proposals were received at the Invest Karnataka meet, here on Friday, for the states northern region, said an official on Saturday. "About 50 foreign and domestic firms have proposed to invest Rs 72,000 crore in the northwest and northern regions of...

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A few policy tweaks would boost renewable energy investment, says IEEFA India

By : Sustainability ..., Feb 14, 2020

A number of recent policy positions have undermined growth in India’s renewable energy sector. However, a course correction now can put the country back on track to reach the ambitious “450 GW by 2030” renewable energy target—finds a new report by the Institute for Energy...

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MNRE opens facilitation centre for renewable energy investors

By : Sustainability ..., Feb 12, 2020

The Union Ministry of New and Renewable Energy (MNRE) has opened an Industry and Investors’ Facilitation Centre in the Ministry. This will work as a focal point to provide correct and timely information on policies and programmes of the Government and also resolve issues of...

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Solar energy startup Cygni eyeing Myanmar, Bangladesh export markets

By : Sustainability ..., Jan 30, 2020

Solar energy startup Cygni, an Indian Institute of Technology, Madras incubatee company, is looking to break into the lucrative export markets in Myanmar and Bangladesh. The company, which manufactures solar power backup and DC (direct current) micro-grid solutions, apart...

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Macquarie looks to offload entire stake in Soham Renewable

By : Sustainability ..., Jan 16, 2020

Australian Infrastructure investor Macquarie group is looking to exit Bengaluru-based hydropower developer Soham Renewable Energy India Pvt. Ltd, two people aware of the development said, requesting anonymity.

In November 2011, Macquarie had invested ₹375 crore in...

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Eden, Adani to invest Rs 2,072 crore in renewable power projects in Rajasthan

By : Sustainability ..., Jan 6, 2020

Eden Renewables and Adani group have proposed to invest Rs 2,072 crore in the renewable power sector and both the projects have been given 100% exemption from stamp duty and conversion charges under the new RIPS. As per the proposals, Eden Renewables will set up 300 MW solar...

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Andhra govt yet to reach a deal on green energy contracts

By : Sustainability ..., Dec 9, 2019

The hard-found compromise reached last month to end the impasse over Andhra Pradesh’s decision to relook at renewable energy contracts has floundered, said several Union and state government officials. The government led by chief minister Y.S. Jagan Mohan Reddy has upped the...

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Re-negotiation of contracts with renewable energy players discourages investment in sector: WWF-India report

By : Sustainability ..., Dec 5, 2019

The renegotiation of contracts with renewable energy players is impacting the viability of investments in the sector according to a report by WWF-India. The report titled, “The Rise of Renewables: Are You REDE?” said, “The fall in Renewable Energy (RE) prices, as a result of...

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Energy demand in Asia Pacific could grow 15% from 2019 to 6,800 mn tons of oil equivalent in 2040

By : Sustainability ..., Nov 20, 2019

Recent research by analysis firm Wood Mackenzie indicates that Asia Pacific’s decarbonisation bill could hit $3.5 trillion by 2040. This will have to include investments in nuclear, hydel power, solar, wind & hydrogen, collectively referred to as zero-carbon energy...

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Investment to fight climate change dropped 11 per cent to $546 billion last year

By : Sustainability ..., Nov 8, 2019

Global climate finance reached a record high of $612 billion in 2017 driven by renewable energy and lower-carbon transport capacity additions in China, US and India and increased public commitment to energy efficiency but dropped 11 per cent to $546 billion in 2018 due to...

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