The government is planning large renewable energy projects like the coal-based ultra-mega power projects (UMPPs) through the public private-partnership route.
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.
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).
Central Electricity Authority (CEA) stated that power distribution firms throughout the country owed dues amounting to approximately Rs 68.72 billion to renewable energy developers
RK Singh, Union Minister of State for Power and New & Renewable Energy (IC) and Skill Development & Entrepreneurship, has launched the State Rooftop Solar Attractiveness Index – SARAL
The Ministry of New & Renewable Energy (MNRE) has sanctioned the second phase of the Central Public Sector Undertakings Scheme, which aims to drive 12 GW of solar capacity to generate power.
In a bid to boost Prime Minister Narendra Modi’s enterprising goal of achieving up to 175 GW of energy – relying solely on renewable sources – the government has yet again floated a renewable energy storage tender. A major chunk of the goal, amounting to 100 GW is dedicated to solar power.
SBI, NIIF join hands to provide greater thrust to infra financing
ReNew Power’s corporate office in Gurugram—ReNew.Hub—has been conferred the LEED Gold Certification by USGBC.
The Ministry of New and Renewable Energy (MNRE) has reportedly made a decision, to request the Reserve Bank of India (RBI) to categorise renewable energy into a separate segment from power, and remove the priority sector lending limit for the sector to ensure higher financing.
