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CPP Investment Board to buy 15 per cent in ReNew Power Ventures

CPP Investment Board is acquiring a 14-15% stake in Sumant Sinha-led ReNew Power Ventures for $350 million (Rs 2,250 crore), industry sources said, making the Canadian pension fund manager the third largest stakeholder in the company where Goldman Sachs holds the majority share. CPPIB is acquiring the… read more →

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Ambitious solar pump scheme to be rolled back

An ambitious Central government scheme related to the distribution of solar pumps to farmers will be rolled back. The deadline for implementation of the scheme is over and Centre has decided not to provide funding for new pumps. This is why Mahavitaran, the state government’s power distribution utility,… read more →

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IFC bets on green power, invests $15 million in CleanMax Solar

Reaffirming its green credentials, the International Finance Corporation (IFC) has made an equity investment of USD 15 million in CleanMax Solar. This is IFC's first equity investment in grid-connected distributed generation globally, an official statement stated today. CleanMax Solar, a leading sustainability… read more →

Read more news items on: Solar Energy, Solar Photovoltaic, Rooftop Solar,


PSPCL increases its share of renewable energy, signs agreement for 150 MW wind power

The Punjab state power Corporation Limited (PSPCL) has added increased its share of renewable energy has risen to 20% of the total energy produced via Thermal and Hydel sources in the state by signing an agreement with Solar Energy Corporation of India (SECI) to buy additional 150 MW of power. Chairman… read more →

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India raises $400m green bond to fund renewables drive

A leading Indian financier issued a $400 million “green” bond on the London Stock Exchange on Wednesday, to support the country’s renewable energy drive. In its first international bond for two decades, Power Finance Corporation (PFC) raised money for projects covering solar and wind power, energy… read more →

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Karnataka govt to bring action plan for electric vehicles policy

The Karnataka government today said it would soon unveil an action plan for implementation of its electric vehicle and energy storage policy aimed at creating conducive environment and necessary infrastructure for electric mobility in the city. Stakeholders would meet Chief Minister Siddaramaiah tomorrow… read more →

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Solar’s tumble starts claiming victims as Trina rethinks India

Solar auctions are having their intended effect: Prices for developers are tumbling across Asia. While that’s good news for consumers, solar companies might have to reconsider the economics of projects already under way. That was the message from the world’s biggest solar panel maker, Trina Solar… read more →

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Need to cut cost of battery in electric car: Amitabh Kant

NITI Aayog CEO Amitabh Kant today said there is a need to find a technological breakthrough to bring down the cost of battery used in electric cars. "Despite all the talk, the total number of electric vehicles at present is only one per cent," Kant noted while speaking at the eighth Global Entrepreneurship… read more →

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India presents $3.1 tn climate investment opportunities till 2030: IFC

India's ambitious plans to meet its climate targets under the Paris Agreement represent about $3.1 trillion worth of investment opportunities by 2030, a report by the International Finance Corporation (IFC) said on Thursday. According to IFC, a member of the World Bank Group, the sectors offering those… read more →

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India would require to spend 20 lakh crore for its electric vehicle dream by 2030 says NITI Aayog

Government-owned think tank NITI Aayog along U.S based Rocky Mountain Institute released the first two of a series of policy briefs addressing India’s obstacles and opportunities on the path to a shared, electric, and connected mobility future. As the government strives to work towards its commitment… read more →

Read more news items on: Green Transportation, Electric Vehicles,

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