Renewable Energy

Government to Bid Out 50 GW of Solar, Wind, and RTC Projects in FY24

Government to Bid Out 50 GW of Solar, Wind, and RTC Projects in FY24

Government to Bid Out 50 GW of Solar, Wind, and RTC Projects in FY24 The Ministry of New and Renewable Energy (MNRE) has released a bidding schedule for an agency for 50 GW of renewable energy projects for the current fiscal year (FY 2023-24). The calendar calls for 30 GW of renewable capacity in the …

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India’s energy security - Key challenges and the way forward

India’s energy security – Key challenges and the way forward

India’s energy security – Key challenges and the way forward India is on a path of rapid economic expansion. With GDP expanding at a rate of 6-7 percent per year for the past decade, India has shown a strong growth potential and is expected to continue at this rate in the coming decades.  Using global …

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Brookfield bought 51% stake in CleanMax Enviro

India needs to install 30 GW solar capacity annually to meet 280 GW target by 2030: Mercom CEO

According to Mercom Capital, India will need to add 30 gigatonnes (GW) of solar energy capacity every year to meet the 280 GW solar power installation target by 2030. Sharing his point of view. Sharing his outlook, Mercom Capital CEO Raj Prabhu said, “The outlook is very positive on the back of various steps taken …

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Brookfield bought 51% stake in CleanMax Enviro

Brookfield bought 51% stake in CleanMax Enviro to expands green footprint

Canadian investment firm Brookfield has acquired a 51% share in CleanMax Enviro (CleanMax Solar), which provides renewable energy to commercial and industrial organizations. According to the sources, the company’s equity value is between 3,500 and 4,000 crores. The investment will primarily consist of a secondary sale of shares by current shareholders, with a limited amount …

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Renew raises $400 million via green bonds

Renew raises $400 million via green bonds

ReNew Energy Global Plc announced that its wholly-owned subsidiary, Diamond II Limited, obtained $400 million by issuing senior secured green bonds. The green bonds received great demand from investors in the United States, Europe, and Asia as the company resumed high-yield issuance from India after a more than a year hiatus, according to a statement. …

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