Renewable Energy

Reliance Power has set up a new subsidiary, Reliance Nu Energies, for renewable energy business. Mayank Bansal and Rakesh Swaroop, who previously worked with ReNew Power, join Reliance Nu Energies as chief executive officer and chief operating officer, respectively.

ESG (environmental, social, and governance) measurement is often inconsistent, as there are multiple ESG rating agencies, sustainability reporting standards and data providers and all deploy their own methodologies and parameters. That makes it challenging for the investors and other stakeholders to evaluate critical ESG metrics and make well-informed choices.

The green energy sector in India has been showing strong performance, and so are the green energy stocks. And everyone wants a piece of the pie.

SJVN has invited bids from renewable energy developers to supply 1.2 GW of firm and dispatchable power from RE projects with energy storage system, with greenshoe option of additional capacity up to 1.2 GW.

Complete dependence on fossil fuel, which is a very volatile segment, can leave a country vulnerable to price fluctuations and geopolitical disputes. This is turn has a huge impact on the country’s economy as well. A prime example of which, can be seen with the current Ukraine- Russia crisis’s impact on the European countries rise in gas prices and subsequent economic turbulence.

The Indian Energy Exchange (IEX) traded 75.39 lac renewable energy certificates (RECs) in FY 2024, equivalent  to 7.54 billion units, registering a 26.4% increase year-on-year.

Gruner Renewable Energy has secured multiple contracts for compressed biogas (CBG) plants with a cumulative production capacity of 88,000 tons per annum.

Green credits and green loyalty programs represent a burgeoning movement towards sustainability that transcends traditional environmental activism. They embody a partnership between businesses and consumers, where every green choice is celebrated and rewarded.

Torrent Power will develop 3,450 MW of solar power projects, 1,045 MW of hybrid power projects, and the solar park infrastructure for a 7 GW solar power project in Gujarat. It will also set up a 100 ktpa green hydrogen/green ammonia production facility in the state.

NTPC Green Energy Ltd (NGEL) has signed a memorandum of understanding for the blending of green hydrogen in the gas networks of Gujarat State Petroleum Corp. Ltd and green hydrogen mobility by setting up of green hydrogen fuelling stations in Gujarat. It has also signed an MoU with Gujarat Pipavav Port Ltd to develop a green hydrogen ecosystem, including production of green ammonia, for export and domestic market.