Articles for tag: Ambitious, championed, Days, Energy, Goals, Highlighting, Indias, Infrastructure, Initiatives, Modi, REInvest, Renewable, , Transformative

Market News

At the RE-INVEST 2024, PM Modi championed India’s ambitious renewable energy goals, highlighting transformative infrastructure and social initiatives over 100 days.

At the RE-INVEST 2024, PM Modi championed India’s ambitious renewable energy goals, highlighting transformative infrastructure and social initiatives over 100 days.

During the 4th Global Renewable Energy Investors Meet and Expo in Gandhinagar on September 16, 2024, Prime Minister Narendra Modi highlighted his government’s achievements in infrastructure and social development over the past 100 days. He discussed plans to construct 7 crore houses and announced initiatives to build new industrial cities and high-speed corridors. Emphasizing India’s ...

Market News

Reliance Power clinches a groundbreaking 500 MW battery storage contract, revolutionizing India’s renewable energy landscape and setting competitive tariff benchmarks.

Reliance Power clinches a groundbreaking 500 MW battery storage contract, revolutionizing India’s renewable energy landscape and setting competitive tariff benchmarks.

Reliance Power has made a significant move into the renewable energy and storage sector by securing a 500 MW battery storage contract through an auction organized by the Solar Energy Corporation of India. The e-reverse auction, held on September 11, 2024, aims to boost the country’s energy storage capabilities. Reliance Power’s bid features one of ...

Market News

At the 4th RE-Invest Summit, India commits 6 billion to renewable energy, aiming for 500 GW capacity by 2030.

At the 4th RE-Invest Summit, India commits $386 billion to renewable energy, aiming for 500 GW capacity by 2030.

At the 4th RE-Invest Summit, Union Minister Pralhad Joshi announced that banks and financial institutions have pledged nearly $386 billion to renewable energy projects in India. Since 2014, India’s renewable energy capacity has surged by 175%, with solar capacity increasing 33 times. The country aims to reach 500 gigawatts of renewable energy by 2030, surpassing ...

Market News

Amid declining global fuel demand, ONGC Videsh pivots to securing overseas projects, prioritizing renewable transitions for sustainable growth.

Amid declining global fuel demand, ONGC Videsh pivots to securing overseas projects, prioritizing renewable transitions for sustainable growth.

ONGC Videsh, India’s leading overseas oil and gas company, is strategically focusing on acquiring stakes in producing assets abroad as global demand for refined fuels is expected to decline due to the shift towards renewable energy. According to Anupam Agarwal, the company’s head of finance, long-term exploration projects are not a priority, and efforts are ...

Market News

India’s renewable energy ambitions are stifled by insufficient weather forecasting, jeopardizing safety and profitability in a rapidly evolving landscape.

India’s renewable energy ambitions are stifled by insufficient weather forecasting, jeopardizing safety and profitability in a rapidly evolving landscape.

India’s renewable energy sector is facing challenges due to inadequate weather forecasting, according to industry leaders. At the BloombergNEF Summit in New Delhi, experts highlighted that the country’s low density of weather stations and infrequent data collection hinder the performance of wind farms and overall clean energy production. Improved weather models are essential for optimizing ...

Market News

India’s Energy Market Soars: Prices Plummet Amid Renewable Revolution

India’s Energy Market Soars: Prices Plummet Amid Renewable Revolution

In August 2024, the Indian Energy Exchange (IEX) reported a significant rise in total trade volume, increasing by 35.8% year-on-year to reach 12,040 million units. Electricity trading also grew, with a 17.1% rise to 9,914 million units. The Market Clearing Price in the Day-Ahead Market dropped 38% to Rs 4.28 per unit, while the Real-Time ...

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