India needs $15 trillion to achieve net zero by 2070, says FICCI-Deloitte report
To decarbonize the grid, India needs to add 40-50 GW of grid-scale renewable energy (solar and wind) capacity every year for the next few decades and phase out coal.
GMR Group secures $298 million smart metering project from UP discom
GMR Smart Electricity Distribution Private Ltd has secured a contract to install, integrate, and maintain smart meters in the Agra and Aligarh zone of Dakshinanchal Vidyut Vitran Nigam Ltd.
G20 to pursue tripling of renewable energy capacity globally by 2030
The leaders of G20 nations noted the climate finance requirements of developing countries. They agreed to work towards facilitating low-cost finance for energy transition in developing nations.
Hitachi Energy wins order to support grid integration of 300 MW solar project
Hitachi Energy India has won the contract to provide a grid connection solution for Ayana Renewable Power’s upcoming 300 MW solar photovoltaic power plant in Bikaner, Rajasthan.
India’s transition to net-zero emissions presents $12.7 trillion investment opportunity
India’s energy system requires investments totaling $12.7 trillion between 2022 and 2050 to reach net-zero emissions by mid-century.
Unveiling India’s carbon credit revolution: From local initiatives to global impact
The Indian carbon credit system, operating under the Clean Development Mechanism (CDM) and the United Nations Framework Convention on Climate Change (UNFCCC), stands ahead in several aspects.
PFC reports record profit in FY 2022-23
Power Finance Corp. (PFC), the largest lender to the Indian power sector, recorded a net profit of INR 11,605 crore in FY 2022-23.
Tata Power-DDL sourced 2.6 billion units of green power in FY 2023
Tata Power-DDL sourced 2,600 million units of green power from renewable sources such as solar, wind, hydro, and waste in FY 2022-23. With this, it scores a hat trick of Renewable Purchase Obligation (RPO) compliance.
Tata Power profit grows to INR 1,141 crore in Q1 FY24
Tata Power’s profit after tax (net profit) grew 29% year-on-year to INR 1,141 crore ($137.6 million) in the April-May-June period of FY 2023-24. Consolidated revenue stood at INR 15,003 crore.
Apraava Energy signs MoUs worth $1.1 billion with REC and PFC
Apraava Energy will use the funds to develop its wind, transmission, and advanced metering projects.
