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The biggest beneficiaries of the GST reduction will be the rooftop solar segment, giving a boost to PM Surya Ghar Muft Bijli Yojana
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The GST Council has also reduced the tax for hydrogen fuel cell vehicles from the current 12% to 5%
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Prime Minister Narendra Modi said the development is yet another milestone towards self-reliance.
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The wind turbines will not just be 'Made in India', but 'Made in Andhra Pradesh' too. With Tata Power's project, wind energy farms will make a comeback in Andhra Pradesh after a hiatus of 6 years.
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At the current pace, I believe we will be able to reach 85-90 GW against the 100 GW target by 2030, which would also be a decent achievement, said JP Chalasani, CEO, Suzlon Group.
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Global onshore wind power project auctions outside China reached record levels in 2024. A large part of the project awards are in India
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Divya Tyagi's breakthrough would help in reducing costs and increasing wind energy production. She said that even a 'one percent improvement in power coefficient could notably increase a turbine’s energy output, potentially powering an entire neighbourhood.'
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Although energy efficiency lagged developed markets, like the US and Germany, which witnessed an over 2 percent rise during this period, India was far ahead of its BRICS peers (1.62 percent)
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Battery storage systems store surplus energy generated during periods of peak production and release it during times of low generation. It helps balance the grid and enhance reliability
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By middle of next year, the government would throw a challenge similar to iDEX in the defence sector, wherein global specifications would be suggested. If the startups, MSMEs and industry can match it through their pilot innovations, then the government would guarantee the off-take for a specified number of years, MNRE secretary Prashant Kumar Singh said.
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Wind energy is pivotal in India's renewable goals, offering sustainable solutions. With government initiatives, technological advancements, and ambitious targets, India confronts challenges like site selection and infrastructure, striving for energy independence, job creation, and a greener future
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Jain's remarks come as investor interest pivot towards greenfield renewable assets, slowing the sale of nearly 20 gigawatts (GW) of operational and under-construction renewable energy assets in India
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Suzlon, which has managed to shake off its heavy debt burden, is looking at meeting the nation's growing demand for wind energy, one of the major sources of clean energy. The firm is not only providing its wind turbines, but also offering a range of operational and maintenance (O&M) services.
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The task would require the government to add nearly 50 GW annually until 2030, almost thrice the annual capacity addition in the post Covid-19 period.
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India has an offshore wind potential of 2,435 GW; however, only 30 percent of this potential lies in waters shallower than 500 meters. Deeper waters will necessitate the use of advanced floating turbine technology to harness this vast resource effectively
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The CEEW study highlighted that Odisha and Madhya Pradesh, with high RE potential, could emerge as key players in meeting India’s renewable energy ambitions in the coming decades.
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Q1FY25 saw the best financial performance ever for Inox Wind. Inox Wind on Friday posted a Rs 50 crore net profit for the June quarter as income rose, compared to a loss of Rs 65 crore in the April-June quarter of the preceding financial year.
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The loan proceeds will be used to finance the 300.3-MW wind energy project of Ostro Kannada Power Private Ltd (OKPPL) in Karnataka
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In order to develop the offshore wind energy space, a PLI of Rs 20,000 crore is required for Indian OEMs with in-house R&D, said JP Chalasani.
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The company has started bidding for offshore wind projects abroad and is keen to tap the opportunity in India.
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The Viability Gap Funding (VGF) Scheme aims to set up first ever offshore wind energy projects in India
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The next wave of offshore wind markets such as India, Australia and Japan will drive growth in capacity, Global Wind Energy Council has said
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'We like to list companies,' Devansh Jain told Moneycontrol while talking about value-unlocking opportunities in the group.
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The installed capacity is likely to grow at 86 percent rom 416 GW in 2023 to 770-780 GW by 2030. Non-fossil fuel sources are expected to constitute 90 percent of this additional capacity, Crisil said in its report.
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The government has made it clear that no viability gap funding will be given under the open access bids and the renewable energy generated will be sold to industries, which are currently in the high-tariff band
