In Short – India’s power consumption surged by 15% to 156.31 billion units in May, driven by extreme heat. The increased demand for cooling and air conditioning contributed to this spike. This trend highlights the need for robust energy infrastructure and emphasizes the importance of integrating renewable energy sources to manage rising electricity demands sustainably. […]
Renewable energy sector may generate over 330,000 jobs in five years: report – EQ
In Short – A recent report indicates that the renewable energy sector in India could generate over 330,000 jobs within the next five years. This growth is driven by increased investments in solar, wind, and other clean energy sources. The expansion is expected to boost economic development, reduce unemployment, and support the transition to a […]
Waaree Energies Powers Up Gensol’s Solar Project with 68MW Solar Modules – EQ
In Short – Waaree Energies has supplied 68MW of solar modules to Gensol’s new solar project. This collaboration underscores Waaree’s role in advancing solar energy infrastructure in India, supporting the nation’s renewable energy goals. The project aims to boost clean energy production, reduce carbon emissions, and contribute to a sustainable energy future. In Details – […]
Govt to focus on increasing contribution of renewables in India’s energy matrix: Pralhad Joshi – EQ
In Short – India’s government, led by Minister Pralhad Joshi, plans to boost the role of renewable energy in the nation’s energy matrix. This move aims to reduce dependence on fossil fuels, enhance energy security, and support sustainable development. Investments in solar, wind, and other renewables are expected to drive this transformation, aligning with global […]
Yara Clean Ammonia and AM Green (earlier Greenko ZeroC) sign term sheet for sale of renewable ammonia from India to Yara Clean Ammonia’s global market – EQ
Indian renewable energy firm plans maiden dollar bond sale – EQ
In Short – An Indian renewable energy company is set to launch its first dollar bond sale, aiming to raise international capital to expand its green energy projects. This move reflects the growing global investor interest in sustainable energy investments in India. In Details – The company, which develops sustainable energy projects such as solar […]
Glenmark Pharmaceuticals to acquire stake in a renewable power entity – EQ
In Short – Glenmark Pharmaceuticals announces plans to acquire a stake in a renewable power entity, aligning with its commitment to sustainability and clean energy. This strategic move reflects the company’s dedication to reducing its carbon footprint and contributing to environmental preservation. By investing in renewable power, Glenmark aims to bolster its green initiatives […]
Global Electricity Review 2024 – EQ
Government Issued Sovereign Green Bonds Worth Rs 20,000 crore in FY24 to Boost Renewable Energy Sector – EQ
In Short – In FY24, the government issues sovereign green bonds worth Rs 20,000 crore, aimed at bolstering the renewable energy sector. This significant investment underscores the nation’s commitment to sustainable development and accelerating the transition towards clean energy. In Details – New Delhi, According to the latest CEEW Centre for Energy Finance (CEEW-CEF) Market […]
India’s Power and Renewable Energy sectors to receive Rs 17.05 lakh cr investment – EQ
In short – India’s power and renewable energy sectors are poised to receive a substantial investment of Rs 17.05 lakh crore. This infusion of funds signifies a significant commitment to bolstering the country’s energy infrastructure and transitioning towards sustainable sources. Such investment is crucial for driving economic growth, enhancing energy security, and mitigating environmental challenges. […]