Renewable Energy Translations
Major Global Utilities Announce Joint Intent to Scale Renewable Capacity by 2.5 times to 2030
The Utilities for Net Zero Alliance (UNEZA) adopted the UNEZA Roadmap to 2030, which targets a total increase of renewable energy capacity within their portfolios to 749GW by 2030.
Govt outlay of Rs 200 cr for green hydrogen hubs insufficient: Experts
The scheme recently launched by the government aims to support the development of core infrastructure at hydrogen hubs by 2025-26
Inox Wind bags repeat order for 210 MW wind project from Hero Future Energies
The order is for (IWL) Inox Wind Ltd's state-of-the-art 3 MW Wind Turbine Generators (WTGs), and the scope comprises equipment supply with certain add-on services, according to the statement. The WTGs will be supplied to HFE from Q3 FY25 onwards and will be installed in South India.
NTPC Green Energy inks pact with Indus Towers to develop renewable energy projects
Indus Towers Ltd (ITL) aims to expand its renewable energy portfolio in a phased manner to Giga Watt (GW) scale capacity, for its business operations spread across the country, as a part of its net zero commitments.
Fitch Ratings affirms Clean Renewable Power's USD 363 mn notes 'BB-' rating with stable outlook
"The Clean Renewable Power (Mauritius) Pte. Ltd's (CRP) USD 363 million senior secured notes due 2027 has been affirmed at 'BB-'. The Outlook is Stable," Fitch Ratings said in a statement.
Climate change concerns grow, but few think Biden's climate law will help, an AP-NORC poll finds
A new poll from The Associated Press-NORC Center for Public Affairs Research shows that 45% of adults in the United States say they have become more concerned about climate change over the past year, including roughly 6 in 10 Democrats and one-quarter of Republicans.
Higher interest rates pose risk to renewable sector, hurting energy transition, say analysts
Interest rates in the U.S. have been at multi decadal high since hikes began in 2023 , leading to a higher cost of borrowing. Higher borrowing costs hit renewable sector more than oil & gas or mining sector, as renewable projects are more capital-intensive and rely on subsidies.
IREDA opens new office in Gift City, to help fund renewable energy projects in foreign currencies
IREDA opens office in Gift City, Gandhinagar to finance renewable energy and green hydrogen projects in foreign currencies. Pradip Kumar Das announces at World Future Energy Summit 2024. Received RBI approval for fully owned subsidiary at IFSC. Aims to achieve 5MTPA Hydrogen production by 2030.
Avaada Group completes ₹4,471 crore refinancing for renewable projects in Rajasthan
Structured under a Restricted Group (RG) framework, this transaction has been rated 'AA (Stable)' by CareEdge Ratings. It is aimed at enhancing Avaada's sustainable energy initiatives, ensuring stable, long-term cash flows and improved financial health, while significantly contributing to the…
"Investment and policy reform key to renewable energy goals"
The council's Global Wind Report 2024, released this week, delineates a roadmap of 12 strategic actions necessary to reach the global goal of tripling renewable energy capacity by the decade's end. The path laid out by the council underscores the significant role of wind energy in the broader…