Lack Of Climate Finance Hindering Global Renewable Deployment: IRENA

The recent report on energy transition and climate finance released by the International Renewable Energy Agency (IRENA) underscores the pivotal role of the energy sector in reducing emissions, particularly in light of the updated Nationally Determined Contributions (NDC) targets. The study reveals that 90% of participating parties have identified renewable energy generation as a key […]

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To Triple RE Capacity, India Needs 448GW Of Solar Power By 2030: Report

A latest report by global think tank Ember said that plan to triple its renewable energy capacity by 2030 in India, would require an additional financing of $293 billion. The analysis finds that India’s 14th National Electricity Plan (NEP14) put the country on track to more than triple its renewable energy capacity by 2030. But […]

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Solar Startup Ellipsol Raises Rs 2.5 cr Seed Funding

Ellipsol, a next-generation solar company developing path-breaking solar energy solutions, has raised rupees 2.5 crore in a seed funding round led by Capital A. The funding round also saw the participation of the Grand Anicut Fund. Other individuals also contributed to the funding round. Ellipsol’s site, that is yet to open formally, promises 2X the […]

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$12 Mn Investment Closed by Reliance & Others in California’s Perovskite Solar Firm Caelux

California-based firm, Caelux, which employs perovskite technology for solar energy, has pocketed $12M in Series A3 funding. The said round raised the cumulative amount to $23 million. The round augmented the cumulative amount to $23M. The investment round was led by Temasek and also saw participation from Reliance New Energy Limited, Khosla Ventures, Mitsui Fudosan, […]

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No Proposal To Impose Carbon Tax This Year: Govt

The Union government claims that it has no plans to impose a Carbon Tax during the current financial year. It also added that it would continue to provide hand-holding support to electric vehicle consumers with government incentives. The response came to the fore when Minister of State for Finance Pankaj Chaudhary told the House about […]

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Indian Renewable Firm CleanMax Raises $360M From Brookfield

Indian renewable energy company CleanMax today announced raising an equity fund from Brookfield Renewable through the Brookfield Global Transition Fund (BGTF). The BGTF focuses on investments accelerating the global transition to a net-zero carbon economy while delivering strong risk-adjusted returns to investors.  This funding of USD 360 million is a mix of primary and secondary. […]

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NTPC Reports Highest Ever Annual Generation, 32% Surge In Income In FY23

The National Thermal Power Corporation of India (NTPC) today announced its Q4 and FY23 Financial Results. The leading power generator of the country claimed that during FY23, it reported the highest-ever annual generation of 399 Billion Units (BU) compared to 361 BU in FY22, registering a growth of around 11 percent.  The audited results of […]

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UP Has The Highest Potential For Livelihoods With DRE: CEEW Study

A latest report by the Council of Energy, Environment and Water (CEEW) claimed that Uttar Pradesh has the greatest impact opportunity in livelihood by deploying Distributed Renewable Energy (DRE) solutions. The report was recently released by the Minister of New and Renewable Energy RK Singh in a national event in New Delhi recently.  Following Uttar […]

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Tata Power Q4 Results- Strong Growth In Key Operational Metrics For FY23

Tata Power has announced its annual and Q4 financial performance report for Fy23. In a media statement, the power company said that in the Financial Year (FY) 23, the company reported growth in its revenue, Profit After Tax (PAT), and Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA).  Tata Power said that its PAT rose […]

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