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renewable energy source

India Must Strengthen Grid Infra to Boost Renewable Energy: IRENA

IRENA Director-General Adnan Z Amin says the main constraint in India right now is the grid. There is a huge upsurge in investment,” he said of the renewable projects being implemented in the country. India must strengthen grid infrastructure to support its “strong push” towards renewable energy especially solar, said the head of the International […]

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Fossil Fuels Dominance Shrank on Renewables’ Cost Reduction, Says BNEF

The report on the levelized cost of electricity (LCOE) for all the leading technologies states that fossil fuel power is facing an unprecedented challenge in all the three roles it performs in the energy mix – supply of ‘bulk generation’, supply of ‘dispatchable generation’, and provision of ‘flexibility’. After significant reduction in the cost of wind, solar […]

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JMI inks MoU with Sunsource to Set-up Solar PV Plant in Premises

The Noida-based company will execute the project on turnkey basis and maintain it for next 25 years under Renewable Energy Service Company (RESCO) model. Delhi-based central university Jamia Millia Islamia (JMI) has signed an MoU with Sunsource Energy to set-up a 2.50 MWP capacity Solar Photo Voltaic (SPV) plant in its campus for its own […]

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METKA EGN Sells 18MW Solar PV Power Contract to Lightsource BP

The four solar projects were developed and constructed by METKA EGN to meet the 31 March 2017 deadline, and subsequently received accreditation under the 1.2 Renewable Obligation Certificate (ROC) programme. Mytilineos has announced a positive transaction between its subsidiary METKA EGN and Lightsource BP, leading solar power company, to sell four operational solar photovoltaic power […]

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NovaSol Energy Unveils New Solar Farm in Florida

NovaSol Energy is thrilled to work with the City of Bartow to provide renewable, solar energy solutions. NovaSol Energy, a leading independent renewable energy company, has unveiled the new solar farm in the City of Bartow utilizing over 28,000 high efficiency 72 cell solar panels and string inverters. The solar farm is expected to generate […]

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Policy measures for promotion of new & renewable energy

Total capacity of 65 GW renewable energy installed in the country so far The Government of India has undertaken a number of policy measures for increasing share of renewable energy in India’s energy mix. These, inter-alia, include: a) Provision of Renewable Purchase Obligation (RPO) under the National Tariff Policy; b) Notification of the long term […]

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EIB to Sign Loan Agreement with India for Renewable Energy Projects on March 10

The EIB claimed that it is the world biggest financier of climate action and clean energy projects. In 2017 the EIB financed EURO 19.6 billion of climate action projects, which is about 28 percent of its total financing. In a significant development, European Investment Bank (EIB) said it will ink an agreement on Saturday to […]

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Renew Power Commits Rs 13k cr Investment on Clean Energy in AP

The move has come to develop renewable energy capacity in Andhra Pradesh and also helps in generating direct employment for 4,000 people and indirect employment for 6,000 people. Renewable energy company ReNew Power has inked a Memorandum of Understanding (MOU) with the Andhra Pradesh (AP) government during the ongoing 3-day CII Partnership Summit to invest Rs 13,000 crore over the next five years. […]

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