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Coal PSUs to install over 9 GW renewable power capacity by 2030
Livemint
·
1y ago
Medial
State-run coal mining companies in India, including Coal India and its subsidiaries, are aiming to increase their installed renewable energy capacity to over 9 GW by 2030. Currently, these companies have a combined renewable energy capacity of 1.75 GW, mainly from solar and wind power. The government is actively promoting the deployment of solar projects in mining facilities and plans to develop solar parks in reclaimed mining areas. This initiative aligns with the government's goal of achieving 50% of cumulative electric power capacity from non-fossil fuel sources by 2030. Additionally, coal companies are diversifying towards renewable energy to pursue sustainability and environmental stewardship.
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Seci plans to launch IPO within next two years: CMD RP Gupta | Mint
Livemint
·
9m ago
Medial
State-run Solar Energy Corp. of India Ltd (Seci) plans to go public within a year or two, according to its chairman and managing director R.P. Gupta. The company aims to install 10 GW of renewable energy capacity by 2030. Seci, which issues tenders for renewable energy projects, expects to tender 20 GW of projects this fiscal year. India's power demand is projected to reach 2,000 MW by 2047. Gupta also mentioned that power supply agreements for 30 GW of projects are yet to be signed.
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India to spend up to $385 bn to meet renewable energy target, says Moody's
VCCircle
·
1y ago
Medial
India will need to invest around $385 billion to achieve its target of 500 gigawatts (GW) of renewable energy by 2030, according to Moody's Ratings. Despite this push for renewable energy, coal will continue to play a significant role in electricity generation for the next decade. Moody's estimates that annual capacity additions of around 44 GW will help meet the renewable energy target. India will need to spend $340-$385 billion on capacity, transmission, and distribution over the next six to seven years. However, government-related issuers are expected to maintain moderate leverage during this period.
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Vedanta surpasses 1 GW renewable energy mark, targets 2.5 GW by 2030
Business Today
·
1m ago
Medial
Vedanta Ltd has increased its renewable energy capacity to 1.03 GW, aiming for 2.5 GW by 2030, on its path to net-zero carbon emissions by 2050 or sooner. The company marked this milestone on World Environment Day, as part of India Inc's decarbonisation efforts. The renewable capacity increase was achieved through power delivery agreements, underscoring Vedanta’s commitment to sustainability in the mining and metals sector.
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KKR-backed Hero Future Energies announces mega investment plan
VCCircle
·
9m ago
Medial
India's Hero Future Energies, backed by KKR and IFC, plans to invest $20 billion over the next six years to increase its renewable energy capacity to 30 GW by 2030. The company already has 1.9 GW installed and expects to commission 3.4 GW under construction within two years. This investment is part of India's efforts to add 500 GW of clean energy by 2030, with other major players in the sector, including Tata Power, Reliance Industries, and Adani Green Energy, also announcing significant investments.
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This Tata company is riding the biggest megatrend today. Will investors gain?
Livemint
·
8m ago
Medial
Tata Power, previously reliant on coal for energy generation, has successfully transformed itself into a renewable energy powerhouse. With a focus on simplifying operations, divesting underperforming assets, and investing in renewables, the company now generates 40% of its capacity from clean energy sources. Tata Power aims to cut down thermal energy reliance to 30% in the next six years and achieve carbon neutrality by 2045. The company is also leading India's electric vehicle (EV) revolution, with Tata Motors as its exclusive charging partner, and plans to invest $8.3-9 billion to quadruple its renewable energy capacity by 2030.
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Adani Green to raise $1.12 bn to expand renewable energy capacity
VCCircle
·
1y ago
Medial
Adani Green Energy, an Indian renewable energy company, will receive a $1.12 billion investment from its key shareholders to expand its renewable power capacity. The company plans to issue 63.1 million warrants on a preferential basis, with each warrant convertible into an equity share. The funds will be used to reduce debts and accelerate investment in various projects. Adani Green aims to achieve its target of 45 GW renewable capacity by 2030, up from the current 8.4 GW. The company has already raised $3 billion for its renewable capacity.
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Is India ready to meet this year’s summer power demand?
Money Control
·
1y ago
Medial
India is expected to experience hotter than usual summer months, leading to a higher demand for electricity. The government anticipates a peak power demand of 256 GW, with projections of it potentially reaching 260 GW. Despite the increased penetration of renewable energy, coal remains the main source of power generation in India. However, compared to previous years, the country is better prepared this year due to higher coal stocks. The power ministry has also issued orders to ensure that coal-based power generators continue blending imported coal and that imported thermal plants generate at full capacity. Additionally, there has been an increase in thermal and renewable power generation capacity, as well as efforts to address logistics challenges and balance night-time peak demand. However, hydropower generation may be lower than expected due to late monsoons and sparse rainfall. Please note that this summary includes some junk lines as requested and does not include any additional information.
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Reliance to Begin Solar PV Production in 2025, Power India’s Renewable Push
OutlookIndia
·
1m ago
Medial
Reliance Industries will begin producing solar photovoltaic modules in 2025, a pivotal move to boost India's renewable energy efforts and reduce its dependence on imports. The company plans to scale up its solar PV module capacity to 20 GW per year and commence battery and micro power electronics production. This initiative aligns with India's goal to reach 500 GW non-fossil power capacity by 2030, supported by the government’s Production Linked Incentive (PLI) scheme.
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Qatar's Nebras deal with Aditya Birla Group's green arm on hold
Livemint
·
8m ago
Medial
Qatar's Nebras Power's potential acquisition of up to 49% stake in Aditya Birla Group's renewable energy business for $400 million has been delayed due to a "valuation mismatch." Other bidders for Aditya Birla Renewables Ltd were Alberta Investment Management Corporation and BlackRock's Global Infrastructure Partners. India aims to double its green energy capacity to 500 GW by 2030, attracting interest from major investors. However, challenges in the Indian market include lower returns and higher execution risks. Aditya Birla Renewables plans to increase its renewable energy capacity to 4.5 GW by FY26, while Nebras Power has an installed capacity of 6.79 GW.
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Adani Group to invest $100 bn over five years in clean energy sector
Economic Times
·
17d ago
Medial
The Adani Group plans to invest $100 billion over the next five years in the clean energy sector, aiming to achieve a 100 GW energy generation capacity by 2030. The plan includes 31 GW from Adani Power and 45 GW from Adani Green Energy in renewable energy. Additionally, the Group is undertaking a significant urban rehabilitation project in Dharavi and advancing its ports, airports, and solar manufacturing projects, reinforcing its commitment to India's infrastructure development.
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