Renewable Energy

EverSource Capital and NIIF to Invest $330 Mn in CDC’s Ayana Renewable Power

This investment is a part of CDC’s commitment to invest a further $ 1.7 billion in India and neighbouring countries over the next three years. EverSource Capital (a joint venture between Everstone Capital and Lightsource BP) and the National Investment and Infrastructure Fund of India (NIIF) have announced a partnership with UK-based Finance Institution CDC […]

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Cabinet apprised of MoU between India and Tajikistan on Cooperation in the field of Renewable Energy

The Union Cabinet chaired by Prime Minister Narendra Modi was apprised of the Memorandum of Understanding between India and Tajikistan on Cooperation in the field of Renewable Energy. The MoU was signed on 8th October, 2018. Benefits: The MoU will enable establishment of a basis for a cooperative institutional relationship between India and Tajikistan to […]

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Spain Amends Renewable Energy Targets to 74% By 2030

The Spanish government has raised the RE target for the country to 74% by 2030, taking the expected installed capacity in the electricity sector to 157 GW. Pointing to the far more favourable conditions and constituency for renewable energy in Spain, as compared to say, the US, the Spanish Council of Ministers has approved the […]

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EIB and Banco Santander to Provide €50 Mn to Improve Energy Efficiency

The EIB-Santander credit line is part of the energy efficiency financing instrument funded by the European Commission to promote sustainable investments contributing to climate action. The European Investment Bank (EIB) and Santander España are providing businesses and the self-employed with a credit line – including EUR 50 million of EIB funds – for professional projects improving […]

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Rethinking a Renewable-Only Energy Future Makes Sense: Karin Kneissl

The Austrian Foreign Minister has said that it now makes sense to rethink the renewable-only energy future. Austrian Foreign Minister Karin Kneissl has said that it now makes sense to rethink the renewable-only energy future because, in the process of aiming too high, the countries run the risk of missing their targets of socially acceptable […]

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Saudi Arabia and China To Boost Renewable Energy Cooperation

Saudi Arabia’s PIF signs MOU with China’s National Energy Administration on renewable energy cooperation, after announcing to make India a regional hub for oil supply. Saudi Arabia’s sovereign wealth fund PIF signed a preliminary deal for investments in China’s renewable energy sector during the visit of Crown Prince Mohammed in China. The news about the […]

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SECI Designated as RE Implementing Agency

SECI has been designated as the renewable energy implementing agency so as to facilitate the application of connectivity and LTA in ISTS network. The Solar Energy Corporation of India with the approval of the Minister for Power and New and Renewable Energy, R K Singh, has been designated as the Renewable Energy Implementing Agency of […]

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MNRE’s Rs 175.87 Cr RE Research and Technology Development Programme Renewed

The President of India has given his approval for the continuation of the Renewable Energy Research and Technology Development (RETD) program of the Ministry of New and Renewable Energy (MNRE) for implementation during 2017-18 and 2019-20 at the cost of  Rs 175.87 crore. The scheme aims at scaling up R&D effort for “Renewable Energy Research […]

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Viz-A-Viz with Neelesh Garg, Director | Saatvik Green Energy

Sustainability of the Industry is in Question I feel its unhealthy competition, which is driving the entire industry into a black hole. It starts right from the developers, to goes down till the manufacturer of small components. Sustainability of the industry is in question, because if people start using sub-standard products to match the cost, […]

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