Signs of declining inflation, resilient consumer spending and strong labour markets, among others, suggest that growth could be rebounding in the short term, global financial leaders said on Friday. ”My message is that it is less bad than we feared a couple of months ago, but that doesn’t quite get to us to being good,” […]
Andhra Pradesh looks to become leader in green energy – EQ Mag
Amaravati: AP is taking big strides in attracting investments in green energy. The state is giving a tough fight to the states which were so far known as hubs for green energy plants. The state secured fourth spot in generation of green energy in 2022 and it is going to be the leader in the […]
L&T eyes new areas such as green energy, data centres, edutech – EQ Mag
Technology will be a key differentiator and the company should adopt tech-driven solutions to succeed, L&T CEO and MD SN Subrahmanyan said in his new year address to employees. Engineering and infrastructure conglomerate Larsen & Toubro (L&T) needs to focus on areas such as green energy, data centres and edutech, which are relatively new to […]
Rooftop Solar Programme Phase-II to extract green energy from Rooftop solar sector – EQ Mag
The Programme envisages installation of 4,000 MW of RTS capacity in the residential sector A total of 7.3 GW RTS capacity has been achieved till 30.11.2022 With an objective to achieve 40 GW of rooftop solar (RTS) capacity in the country, the Government of India launched Rooftop Solar Programme Phase-II on 8.3.2019. The Programme envisaged […]
Healthy discoms, round-the-clock green energy to fuel 24×7 power supply focus areas in 2023 – EQ Mag
NEW DELHI : As the Government efforts continue to ensure 24×7 power supply for all, power distribution companies’ timely payments to electricity generating companies and round-the-clock availability of renewable energy will be focus areas in 2023. Amid the outstanding dues of power distribution companies (discoms) hovering at around Rs 1.13 lakh crore, the Union power […]
Forrest says $4 billion renewables deal is a ‘glove fit’ – EQ Mag
Billionaire Andrew Forrest has expanded his reach further into green energy with the purchase of CWP Renewables. The acquisition by Squadron Energy, part of Mr Forrest’s privately funded Tattarang group, is worth about $4 billion. It will take Squadron’s renewable energy operating portfolio that spans wind, solar and battery farms to 2.4 gigawatts. Once fully […]
India to be net exporter of green energy by 2050, says Adani – EQ Mag
India will lead the global energy transition, and the country will be a net exporter of green energy by 2050, Gautam Adani, chairman of the Adani group said today. “Cooling the planet down will be one of the most profitable businesses and the largest of job creators over the next several decades. I am in […]
Union Minister of Power & New and Renewable Energy launches the Green Energy Open Access portal
The move is aimed at ensuring affordable, reliable, sustainable, and green energy for all Green Energy open Access is allowed to any consumer with load limit reduced from 1000 kW to 100 kW The portal will allow consumers to access green power easily through transparent, simplified, uniform and streamlined procedure Consumers would benefit from Access […]
‘Rs 2.5L crore investment likely in green energy by 2032’: Karnataka government – EQ Mag Pro
Kapil Maheshwari, Leader, Renewable Energy, RIL, said that in another year, India will be number 1 in net energy green hydrogen export. BENGALURU: The Karnataka government expects an investment of Rs 2.5 lakh crore in the renewable energy sector by 2023, Additional Chief Secretary, of the Energy Department, G Kumar Naik, said here on Thursday. […]
Greenko to supply 1,000-MW green energy to steel maker JSP’s Odisha plant – EQ Mag Pro
New Delhi : Jindal Steel and Power (JSP) has signed an agreement with clean energy player Greenko for the supply of 1,000-MW green power. As part of the Memorandum of Understanding (MoU), Greenko will supply the clean power for its steel making operations at Angul, Odisha, JSP said in a statement. “The move aimed at […]