Projects

Waaree Renewable Technologies Expects A Likely Rise Of Orders From PSUs

Waaree Group’s EPC arm, Waaree Renewable Technologies Limited, is now anticipating a rise in opportunities for solar developers in India in the coming days. This is likely to see a transition of the order books of the developers, the top management opined in a recent investors call.  Dilip Panjwani, Chief Financial Officer (CFO) of Waaree […]

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Gujarat Wind Developers Blame OEMs, Others For Higher Wind Tariff

Wind developers in Gujarat now have justified higher wind project tariffs, attributing this to the monopolistic attitude of Original Equipment Manufacturers (OEMs) and other price hikes in the market. The information was recently featured during the hearing of a case in the Gujarat Electricity Regulatory Commission (GERC). The case was related to the adoption of […]

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O2 Power Awards 97 MW Wind Turbine Order to GE Vernova

Independent Power Producer O2 Power has awarded a 97 MW turbine project to Massachusetts-headquartered GE Vernova. The wind project is located in Maharashtra. The wind project encompasses the supply, installation and commissioning of 36 units of GE’s workhorse 2.7-132 wind turbines. The agreement will pave the path for the supply of renewable energy to several […]

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Blending Finance Is Key to India’s Net Zero Pathway: IFC Report

A latest report by the International Financial Corporation (IFC) on Blended finance describes finance as a key element in supporting India’s energy transition. The report said that the blended finance can drive more private capital to high-impact climate projects, says an IFC report. The report, Blended Finance for Climate Investments in India, highlights blended concessional […]

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MNRE Revises Norms For Dispute Resolution Mechanism 

In its latest order, the Ministry of New and Renewable Energy (MNRE) has revised the guidelines for setting up a Dispute Resolution Mechanism (DSM). The Ministry earlier had issued the norms for the first time in 2018 and later made several amendments.  The ministry, in the latest order, said that the new norms would supersede all previous […]

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MNRE To Grant RE Project Extensions In GIB Habitats Only On ‘Merit’

The Ministry of New and Renewable Energy (MNRE) has now decided to grant an extension to renewable power projects in Great Indian Bustard (GIB) habitat areas only based on the case’s merits. It has planned to do away with the earlier system of giving a blanket exemption of 30 days in the scheduled commencement of […]

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MNRE Allows Time Extension For Solar/Hybrid Projects Only In ‘Genuine Cases’

The Ministry of New and Renewable Energy (MNRE) has issued a fresh order to act against erring renewable energy project developers who willfully delay clean energy projects and ask for relaxations on commissioning dates.  In its latest Order, the ministry said it gave the renewable energy implementing agencies like SECI, NTPC, and NHPC the power […]

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RBI Releases Guidelines To Banks For Acceptance Of Green Deposits

The Reserve Bank of India (RBI) has issued a dedicated set of guidelines to the Indian banks and Non-Banking Financial Institutions (NBFCs) for accepting green deposits effective June 1, 2023. The move will likely boost the country’s financing of renewable energy projects. As per the mandate of the RBI, the financial institutions will extend the […]

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Meta & D. E. Shaw Renewable Sign 200 MW Clean Power Project in Arkansas

The signing of a long-term renewable energy offtake deal with Meta was recently announced by D. E. Shaw Renewable Investments (DESRI), a significant U.S. producer of renewable energy. To come up in Phillips County, Arkansas, the Long Lake Project (also known as Long Lake) will be a 200 MWac project. To meet the region’s expanding […]

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