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REC Limited Raises USD 500 Million Through Bonds

REC Limited has successfully raised USD 500 million 5.5-year Reg-S only bonds issued under its Global Medium Term Programme of USD 7 billion. Proceeds of the bond will be used to finance power projects following the approvals granted by the RBI from time to time and under the ECB Guidelines. This is REC Limited’s eighth […]

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Amazon India Ties up With Mahindra Electric to Strengthen E-mobility Commitments

Amazon India has announced its partnership with Mahindra Electric to further strengthen its commitment towards electric mobility in the country.  Earlier in 2020, Amazon India had announced that its fleet of delivery vehicles will include 10,000 electric vehicles (EVs) by 2025 in India. These EVs are in addition to the global commitment of 100,000 electric […]

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IRENA Report Identifies Policy Measures to Advance Jordan’s Transition to Renewables

Renewables readiness assessment report highlights seven key action areas to accelerate the country’s uptake of renewables  A new report published today by the International Renewable Energy Agency (IRENA) has identified a series of policy measures that can help advance the energy transition towards renewable energy in Jordan. The Renewables Readiness Assessment: The Hashemite Kingdom of […]

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Hydrogen Rolling With $300 Billion Commitment To Projects by 2030

The Hydrogen Council, a global CEO-led initiative of 92 leading energy, transport, industry, and investment companies with a vision to develop the hydrogen economy has released a report titled, ‘Hydrogen Insights 2021: A Perspective on Hydrogen Investment, Deployment, and Cost Competitiveness’. The report, made by Mckinsey and Co, highlights the rapid acceleration of hydrogen projects […]

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Hindustan Coca-Cola Meeting 50% of Energy Requirements in Factories From RE

Hindustan Coca-Cola Beverages (HCCB), one of India’s top FMCG companies, has ramped up its renewable & clean energy capacity to meet 50% of its energy requirements through these sources. The feat has enabled the company to offset 46,500 tonnes of carbon emission per annum with solar and wind energy and 30,000 tonnes of carbon emission […]

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REBA Lists Top 10 US Large Energy Buyers in 2020, Amazon No.1

REBA has released the list of Top 10 US large clean energy buyers for the year 2020 with Amazon at the top with procurements worth 3.163 GW. The Renewable Energy Buyers Alliance (REBA) has released the second annual Deal Tracker Top 10, which highlights 2020’s leading large energy buyers. The list was topped by Amazon […]

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Rs 1000 Cr Capital Infusion to Enable SECI to Float 15 GW Tenders Annually

Capital infusion of Rs 1000 crore to SECI in the new budget, will enable the agency to float 15 GW tenders annually. Finance Minister Nirmala Sitharaman in her budget speech for fiscal 2021-22 announced the capital augmentation of Solar Energy Corporation of India Limited (SECI) and Indian Renewable Energy Development Agency Limited (IREDA). In her […]

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India to see Largest Increase in Energy Demand in the World by 2040: IEA

India is set to experience the largest increase in energy demand of any country over the next 20 years as its economy continues to develop India’s ability to ensure affordable, clean and reliable energy for its growing population will be vital for the future development of its economy, but avoiding the kind of carbon-intensive path […]

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Tata Power Reports Q3 Results, Strong Showing by Renewables Biz

Tata Power has announced its results for Q3, reporting a robust overall performance, with a strong showing in the renewable business. Tata Power, India’s largest integrated power company, has announced its results for the quarter ended December 31, 2020. Reporting a robust overall performance, the firm highlighted its strong showing in the renewable business. The […]

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