TCCL, a joint venture between Tata Capital and International Finance Corporation, currently has an asset/loan book size of Rs 2,400 crore.
It is true that there is an increase in carbon emission by India and China due to homegrown consumption and lack of infrastructure. But let's keep in mind that India's carbon emissions per capita are still 10 times lower and China's is half of that compared to the US.
China has pledged to increase non-fossil fuel energy to at least 20 percent of total consumption by the end of the next decade, up from 12 percent in 2015, part of its efforts to tackle air pollution and bring carbon dioxide emissions to a peak by around 2030.
The Cabinet today approved signing of a pact between Forum of Regulators (FOR) and National Associations of Regulatory Utility Commissioners (NARUC) for large-scale grid integration of renewable energy.
As investments in the solar sector see an upsurge, Macquarie Infrastructure looks at buying a 320 megawatt (MW) portfolio of solar assets from Hindustan Power Projects Pvt Ltd (HPPPL).
The milestone came as NTPC Ltd, India's largest power producer, commissioned a 45 MW solar power project at Bhadla in Jodhpur, Rajasthan.
There was a "good increase in trade but opportunities do exist. The newer sectors in which we can have greater interaction, engagement and productive relationship are renewable energy, pharmaceuticals and healthcare," the Commerce and Industry Minister said.
"The Union Cabinet chaired by Prime Minister Narendra Modi has given its ex-post facto approval for signing of a MoU on Renewable Energy between India and Portugal. The MoU was signed on January 6, 2017 in New Delhi," an official statement said.
Aiming to use power from renewable energy for its business, private dairy firm Hatsun Agro Product today said it has commissioned wind power plants with 24 megawatt (MW) capacity in Tuticorin district in Tamil Nadu.
Buoyed by drop in tariff to record low of Rs 3.46 per unit in the first auction of wind power, the government is mulling putting on the block more such projects next fiscal.
Speaking to CNBC-TV18, Power Minister Piyush Goyal said the central support had been doubled to Rs 8,000 crore based on the successful bidding for the Rewa solar park where they discovered a price of 2.90 per unit of solar energy.
"A joint call between the Research Council of Norway and Department of Science and Technology of India was launched during a week-long matchmaking workshop on renewable energy at the Norwegian Embassy.
In Q3 results released on Monday, the company said its net profit had risen 19.8 percent year-on-year to Rs 83.2 crore.
Speaking to CNBC-TV18, Ramesh said that a few top companies from the renewables space are likely to get listed and will receive a good response from the market.
According to Union ministry of new and renewable energy (MNRE) data, Rajasthan has only 31 MW approved/sanctioned projects under Grid connected roof-top and small solar power plants programme.
Its consolidated net loss was Rs 102.48 crore in the quarter ended on December 31, 2015, Orient Green Power said in a BSE filing yesterday.
Adani Australia country-head and CEO, Jeyakumar Janakaraj, said the appointment of Purdie is a significant step for the company in Australia.
"While the Ministry of New and Renewable Energy (MNRE) has been coming out with new subsidies to spur rooftop installations, the Budget basically thwarts the momentum in rooftop by reducing accelerated depreciation and tax benefits," Mercom said in a note.
Steel ministry to take proposal to NITI Aayog for using left-over gases from coke ovens and blast furnaces for generating renewable power
Tata Power today said its total generation from renewable energy sources has reached 3133 MW this fiscal year.
"This is the first transaction to include in its financing plans funding from ADB as well as Leading Asia's Private Sector Infrastructure Fund (LEAP). LEAP is a funding arrangement provided by Japan International Cooperation Agency (JICA) and is administered by ADB," a company statement said.
Wind turbine supplier Suzlon Energy shares rallied more than 4 percent intraday Tuesday after the Group achieved 10,000 megawatt (MW) cumulative wind energy installations in India.
Global investment in renewable energy dropped by 18 percent in 2016 due to sharp falls in equipment prices and a slowdown in China and Japan, a study found today.
Wind Turbine maker Suzlon Group today said it has won a 226.8 mega watt wind power project from an independent power producer (IPP) in Andhra Pradesh.
Job creation must be at the center of all policymaking, according to the report, Future of Jobs in India Enterprises and Livelihoods, released by CII today.