Renewable Projects News Today

Stormont has a target for 80% of NI's electricity to come from renewable sources, such as wind, by 2030.

NTPC, NTPC Green Energy, Coal India, and NLC India sign MoUs with RVUNL to enhance efficiency and develop thermal and renewable energy projects. NTPC plans to add supercritical units to the existing Chhabra thermal power plant. The agreements aim to reduce generation costs and expand non-fossil capacity to 45-50% with a total portfolio of 130 GW by 2032.

For funding renewable projects, derivatives such as two-way contracts have existed for long but inertia prevents their greater adoption. Each project has a target price, determined at a competitive auction. When market prices are lower than the target, the government makes up the difference. When the market goes higher, the producer pays the excess to the government

For years, renewable projects in India have been growing steadily, from small-town rooftop solar installations to large-scale projects across the desert and long stretches of wind turbines and solar panels on farmland all contributing to the country's climate goal of transitioning to clean energy.

French energy giant TotalEnergies said on Tuesday that it had signed a deal with Danish renewable energy company European Energy A/S to develop offshore wind projects in Denmark, Finland and Sweden. The deal entails the acquisition by TotalEnergies of an 85% stake in the 240-megawatte Jammerland Bugt project and a 72.2% stake in the 165-megawatte Lillebaelt South project. These two sites in Danish waters are expected to obtain final construction permits in mid-2024 and start operations by 2030.

IREDA , a government-owned entity, has revealed a collaborative initiative with the Indian Overseas Bank (IOB)...

ISLAMABAD: Pakistan Foreign Renewable Energy Investors Forum has approached caretaker Minister for Power and...

DIPAM has agreed to the proposal of the company and Ministry of Power to form four Joint Venture companies for the development of Hydro and Renewable Projects in India and Nepal.

SJVN will be the leading partner in three joint venture companies, whereas SJVNs wholly-owned subsidiary SJVN Green Energy Ltd (SGEL) will be the leading partner in the fourth JV, a company statement said.

Department of Investment and Public Asset Management (DIPAM), Ministry of Finance, Government of India has agreed to the proposal of SJVN and Ministry of Power to form four joint venture (JV) companies for the development of Hydro and Renewable Projects in India and Nepal. The company has emerged as a major public sector power entity in the Indian power scenario. The project portfolio of the SJVN is more than 56,000 MW, with a presence in Pan India and Nepal.