In Short : ICRA forecasts India will add 30 GW of power generation in FY25, with 80% sourced from renewables. This significant increase highlights the country’s focus on expanding clean energy capacity to meet growing electricity demand and sustainability targets. In Detail : India plans to add 30 GW of power generation capacity in FY25, […]
PLI scheme to attract investment of Rs 3-4 lakh crore in 4 years; Private sector capital expenditure may increase: ICRA – EQ
In Short – The Production Linked Incentive (PLI) scheme is expected to attract investments of Rs 3-4 lakh crore over the next four years, according to ICRA. This initiative is likely to boost private sector capital expenditure significantly, enhancing industrial growth and contributing to the overall economic development of the country. In Details – The […]
Dependency on minerals import risks India’s green tech progress: ICRA – EQ
In Short : ICRA has warned that India’s reliance on mineral imports could jeopardize its progress in green technology. This dependency poses risks to the supply chain, potentially hindering the development and deployment of renewable energy and other green technologies essential for sustainable growth. In Detail : According to the report, there has been a […]
Decline in battery costs boosting green energy projects: ICRA – EQ
In Short : “ICRA highlights the decline in battery costs as a key driver behind the surge in green energy projects, indicating a favorable environment for renewable energy adoption and sustainable development.” In Detail : The sharp decline in battery costs is expected to boost the share of generation from the renewable energy (RE) capacity, […]
ICRA subsidiary receives SEBI nod to provide ESG ratings – EQ
In Short : “An ICRA subsidiary receives SEBI approval to offer ESG (Environmental, Social, and Governance) ratings, marking a significant step towards promoting sustainable investing and corporate responsibility in India’s financial markets.” In Detail : ICRA stock inched up 0.24% on the NSE The credit rating agency ICRA Ltd announced that SEBI has granted its […]
Indian solar PV module manufacturing capacity to cross 60 GW by 2025 with improved backward integration – EQ
In Short : India’s solar photovoltaic (PV) module manufacturing capacity is poised to surpass 60 gigawatts (GW) by 2025, thanks to enhanced backward integration efforts. This growth reflects the country’s commitment to boosting domestic solar manufacturing, reducing dependence on imports, and fostering self-sufficiency in the renewable energy sector. By investing in improved manufacturing processes and […]
India’s renewable energy capacity addition expected to improve to 20 GW in FY24: ICRA – EQ Mag
India’s green energy capacity growth is expected to boost to 20 gigawatt (GW) in the financial year 2023-24 (FY24) from 15 GW in FY23, ratings agency ICRA said in its latest press release. It added that a scale-up in tendering activity and cost reflective tariffs will be key to achieving the renewable capacity target. “ICRA […]
Timely implementation of market reforms key to improve financial viability of pumped hydro storage: Icra – EQ Mag
NEW DELHI : The timely implementation of market reforms is important to improve the financial viability of pumped storage hydro project (PSP) in the country, according a report by ratings agency Icra Ltd. According to the report, the levelised tariff for pumped storage hydro projects in the base case (capital cost of ₹6.5 crore per […]
Icra revises thermal power sector outlook to ‘stable’ on strong demand – EQ Mag
Rating agency Icra has revised thermal power sector outlook to ‘stable’ from ‘negative’ due to strong demand growth and realisation of dues from discoms under LPS (late payment surcharge) scheme. The Icra’s outlook for the thermal power segment has been revised to stable from negative, supported by the healthy improvement in the thermal PLF (plant […]
Share of CNG, EVs and hybrid vehicles likely to reach 30% of total auto sales in 5 years: Icra- EQ Mag
Demand for Electric Vehicles (EVs) has increased exponentially in the last two years with the government’s push, increasing awareness, and new launches, domestic rating agency Icra said in its report. CNG, EVs and hybrid vehicles may grab up to 30 per cent share in total auto sales in next five years even as petrol cars […]
