1.Interesting times of the Indian real estate sector

A glimpse of investments and government initiatives

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2.7,591.99 MW renewable energy commissioned in 2019-20

34,160 MW renewable energy capacity under implementation

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3.Budget proposes Rs 220 billion for power and renewable energy sector in 2020-21

Expansion of national gas grid from the present 16,200 km to 27,000 km has been proposed.

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4.e-novation Centre is India’s first hub for Corporate R&D, trainings and innovation

Spread over 12 acre, the corporate innovation hub, built by RSP Developers, is a LEED Gold rated centre

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5.Signify achieves carbon neutral operations in India

Signify (Euronext: LIGHT) has achieved carbon neutrality in India, which is a part of its growth markets. The achievement is part of a total of five more markets – specifically ASEAN, Far East, India, Indonesia and Pacific – achieving carbon neutrality, boosting Signify’s number of markets with carbon-neutral operations to 15 out of a total of 19

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6.Proparco invests $15 million in Avaada Group’s clean energy business

The company currently has 3.4 GW of renewable portfolio including under implementation projects and is targeting to expand to 5 GW over the next two years.

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7.AIIB Investment in India nears $3 billion

Bank approves US$500 million for Mumbai Urban Transport Project, USD75 Million for Renewable Energy

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8.Most trending green features a smart home can incorporate

A green home is actually a smart home by design and implementation.

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9.MNRE directs the release of PBGs within 45 days after project completion

Reportedly, the Ministry of New and Renewable Energy (MNRE) has instructed NTPC and Solar Energy Corporation of India (SECI) to release performance bank guarantees (PBGs) for all the commissioned wind and solar power projects. The PBGs can be released in the span of 45 days from the commercial operation date (COD), on the condition that all required submission of necessary documents is fulfilled.

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10.NHPC signs MoU with Assam to develop 2 GW hydroelectric project

In a bid to develop the Subansiri lower hydroelectric project, the Government of Assam and the National Hydro Power Corporation (NHPC) have come together to sign a Memorandum of Understanding (MoU).

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