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MNRE Formalises Amendments to RTC RE Power Procurement Guidelines

MNRE has passed amendments to the guidelines for procurement of RTC RE power, complemented with power from any other source or storage. The Ministry of New and Renewable Energy (MNRE), in a Gazetted notification, has passed a resolution with the amendments to the guidelines for tariff-based competitive bidding process for procurement of Round-The-Clock (RTC) power […]

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Rs 212 Cr Released Under FAME-II for Electric Buses: Javadekar

As of January 31, nearly Rs 212 crore has been released for the procurement of electric buses under the FAME II scheme, Prakash Javadekar informed the parliament. As of January 31, 2021, nearly Rs 212.31 crore has been released for the procurement of electric buses under the second phase of the FAME-India (FAME II) scheme, Heavy […]

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India’s Consumption Trends in January Sign of Economic Growth: RK Singh

Asserting that the Union Budget 2021-22 will pave the way for comprehensive growth in the economy, Union Power Minister RK Singh has said that country’s energy consumption reached an all-time high of 1.89 million gigawatts in January and this is an indication that India’s economy is on a path of growth. “In October 2020, the country’s energy consumption increased by […]

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Suzlon Posts Q3 FY21 Results, Records Loss of Rs 118 Crore

Suzlon Group has reported its Q3 FY21 results, the firm has witnessed a steady growth in revenue and production/ installation capacity. Suzlon Group, one of India’s largest wind energy developers and renewable energy solutions provider, has reported its third-quarter results for the financial year 2020-21 (Q3 FY21). The theme of the quarter for the firm […]

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GreenCell to Invest 400 Cr for Deployment of 350 E-buses in UP

GreenCell Mobility, backed by EverSource Capital, has announced on Thursday, that it is going to invest Rs. 400 crores in a consortium of PMI Electro Mobility Solutions, including the acquisition of 49 percent stake, for deploying 350 electric buses (e-buses) across Uttar Pradesh. Electric mobility solutions provider, GreenCell claims that it has acquired stakes in […]

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Delhi Govt Issues Tender For 500 EV Charging Points at 100 Locations

After Delhi Chief Minister launched the ‘Switch Delhi’ campaign, Delhi power minister Sateynder Jain released a tender to set up 500 electric vehicles (EV) charging points at 100 different locations, on Friday.  In a press conference, minister Jain said, “Delhi government has floated nation’s biggest tender for EV (electric vehicle) charging today, with provision for […]

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Iberdrola Acquires 3 GW Offshore Wind Pipeline in Ireland

Iberdrola has added to its offshore wind as coast of Co Cork and the Clarus project on the west coast of Co Clare, both to be developed with floating offshore wind technology. Additionally, the Shelmalere project will be located off the east coast and will be developed using fixed foundations. Once operational, the projects will […]

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Australian Government Rules Out Electric Vehicle Subsidies From ‘Future Fuel Strategy’

The Australian government has released a ‘Future Fuel Strategy’ paper, which states that the government will not provide subsidies to spur faster growth of cleaner cars (electric vehicles). It does not include policies that can make buying electric vehicles (EVs) affordable, as some other countries have announced. Rather, the government proposed to invest in electric […]

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