New and renewable energy minister Joshi to meet bank chiefs on increasing green project financing in January
3 weeks, 1 day ago

New and renewable energy minister Joshi to meet bank chiefs on increasing green project financing in January

Live Mint  

New Delhi: Union minister for new and renewable energy Pralhad Joshi will meet bank chiefs and chairpersons in January to discuss increasing financing for renewable energy projects. Prashant Kumar Singh, secretary in the ministry of new and renewable energy, said recently that there is a need to have a green energy financing obligation on banks. Joshi added that in the past three financial years, India attracted $6.1 billion in foreign direct investment in the renewable energy sector. Resilient infrastructure A report prepared by CII and EY released on Tuesday stressed the need for financing and investments to boost growth in the renewable energy space, with a target of 1,600 GW by 2047.

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History of this topic

India’s renewable energy capacity addition doubled to 15 GW in Apr-Nov: Pralhad Joshi
3 weeks, 1 day ago

India’s renewable energy capacity addition doubled to 15 GW in Apr-Nov: Pralhad Joshi

Live Mint  

New Delhi, Dec 17 India's renewable energy capacity addition almost doubled to 15GW during the April-November period of this fiscal compared a year ago, indicating India's commitment towards the target of 500GW non-fossil capacity by 2030, Union New & Renewable Energy Minister Pralhad Joshi said on Tuesday. Addressing at CII International Energy Conference & Exhibition 2024 here, Joshi said, "In …

Centre to nudge banks to fund renewable energy projects
3 months, 4 weeks ago

Centre to nudge banks to fund renewable energy projects

The Hindu  

To help meet India’s ₹30 trillion funding requirements for installing 500 GW of non-fossil fuel capacity by 2030, the Ministry of New and Renewable Energy is in talks with financial institutions, public and private sector banks, urging them to commit a portion of their loans to renewable energy projects. At the forthcoming Re-Invest summit, scheduled in Gandhinagar next week, all …

Mint Sustainability Summit to deliberate on climate change and the green imperative
4 months, 1 week ago

Mint Sustainability Summit to deliberate on climate change and the green imperative

Live Mint  

Union minister Pralhad Joshi will deliver the keynote address at the Mint Sustainability Summit 2024 on Tuesday, amidst a full day of intense deliberations, debates and conversations around one of the most pressing themes of the day—climate change and the green imperative. Giving them company will be a galaxy of experts from PSUs and the private sector, who will deliberate …

Centre set to soon announce financial outlay to strengthen sustainable mining in country
1 year, 2 months ago

Centre set to soon announce financial outlay to strengthen sustainable mining in country

India TV News  

The central government is all set to announce financial outlay to further bolster sustainable mining in the country with a focus on green coal technology. On Wednesday, Coal Minister Pralhad Joshi said that clean coal technologies have been developed and deployed to reduce the environmental impact of coal utilisation. Joshi said state-owned Coal India Ltd and its arms are focused …

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