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    HomeNewsMinistry of new and renewable energy (mnre)

    Ministry Of New And Renewable Energy (mnre)

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    • MC Exclusive: Govt likely to enhance green ammonia production with Rs 10,000-crore viability gap funding scheme in Budget 2024-25

      MC Exclusive: Govt likely to enhance green ammonia production with Rs 10,000-crore viability gap funding scheme in Budget 2024-25

      There is a large difference in the cost of production between grey and green ammonia. The cost of natural gas is a major element of the cost for the production of grey ammonia.

    • IREDA, Indian Overseas Bank ink pact to co-finance renewable energy projects

      IREDA, Indian Overseas Bank ink pact to co-finance renewable energy projects

      The agreement was signed in the presence of IREDA CMD Pradip Kumar Das and IOB MD and CEO Ajay Kumar Srivastava in the national capital, a statement said.

    • IREDA reports all-time high Q1 net profit of Rs 295 crore; loan book grows to Rs 47,207 crore

      IREDA reports all-time high Q1 net profit of Rs 295 crore; loan book grows to Rs 47,207 crore

      In a statement on August 12, IREDA said it has "reported loan disbursement of Rs 3,173 crore with a growth of 272 per cent, all-time high quarterly PAT of Rs 295 crore, up 30 per cent. Loan book surged 44 per cent to Rs 47,207 crore as of June 30, 2023, showcasing a robust growth of 44 per cent."

    • Offshore wind may not need govt financial support beyond 2030 as project cost may decline: MNRE Joint Secretary

      Offshore wind may not need govt financial support beyond 2030 as project cost may decline: MNRE Joint Secretary

      First offshore wind seabed lease tender likely in 4-6 weeks, tender for projects with viability gap funding too likely in FY24.

    • Govt cracks down on delayed green power projects; extension only after merit review

      Govt cracks down on delayed green power projects; extension only after merit review

      Extension on the scheduled date of commissioning of solar or hybrid projects will be examined on a case-by-case basis. If found that adequate measures such as land acquisition or placing orders for modules have not been done as yet, then the entire project will be liable for cancellation, the MNRE stated.

    • India sets ambitious yearly targets for central PSUs to reach 500GW green power capacity

      India sets ambitious yearly targets for central PSUs to reach 500GW green power capacity

      The decision of the government to add 50 GW of RE capacity each year from hereon is significant as well as challenging because until now, the country has managed to add only a maximum of about 15 GW annually.

    • India’s $2-billion green hydrogen mission needs push from government: Industry

      India’s $2-billion green hydrogen mission needs push from government: Industry

      National Green Hydrogen Mission scheme guidelines and implementation details yet to be detailed 

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