Budget 2023 | Major thrust planned for green energy
1 year, 10 months ago

Budget 2023 | Major thrust planned for green energy

The Hindu  

Underlining a commitment to accelerate the Indian economy’s transition to one powered by green energy, Union Finance Minister Nirmala Sitharaman in her Budget speech on Wednesday mentioned a slew of schemes aimed at promoting clean energy and sustainable living. Green energy was among the ‘Saptarishi’ or seven guiding lights Ms. Sitharaman mentioned in her address that would steer India through ‘Amrit Kaal’. Following up on the government’s recent announcement of giving a push to ‘green hydrogen’ and promoting renewable energy projects, the Minister said battery energy storage systems with a capacity of 4,000 megawatt hours will be “supported” with viability gap funding to encourage investment. 3 key measures “For the budget allocation of ₹35,000 crore to start catalysing the nearly $30 billion in energy transition finance required annually by India for its net zero future, three types of measures will be needed: risk guarantees to reduce the cost of capital for low-carbon investments in the country; demand aggregation measures as has been done for LED lighting and electric buses; and viability gap financing for hydrogen electrolysers and offshore wind as announced for battery storage,” Ulka Kelkar, director, World Resources Institute, said in a statement.

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History of this topic

India’s renewable energy capacity addition doubled to 15 GW in Apr-Nov: Pralhad Joshi
6 days, 15 hours 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 …

Data dive: Dark clouds hover over India’s solar story
1 week ago

Data dive: Dark clouds hover over India’s solar story

Live Mint  

Recent charges of bribery by a US government agency against the Adani Group and its leadership have cast an unexpected spotlight on the Solar Energy Corporation of India—until now a relatively unknown company run by the central government. Solar’s share of electricity generated from renewable sources has Widening gap Of the 66 GW of solar power capacity installed as of …

Gujarat leads India in solar rooftop installations under PM Surya Ghar Muft Bijli Yojana
2 weeks, 5 days ago

Gujarat leads India in solar rooftop installations under PM Surya Ghar Muft Bijli Yojana

New Indian Express  

As part of its ambitious renewable energy goals, the Union Government aims to achieve 1 crore rooftop solar installations in the residential sector by 2027. A senior official remarked, “The PM Surya Ghar Muft Bijli Yojana aligns with India’s broader goals of transitioning to clean energy, reducing carbon emissions, and empowering citizens with affordable and sustainable power. This initiative will …

Andhra Pradesh extends power supply deadline for Adani Green Energy
3 weeks, 4 days ago

Andhra Pradesh extends power supply deadline for Adani Green Energy

Live Mint  

New Delhi: The Andhra Pradesh government has granted a second extension to Adani Green Energy Ltd for supplying renewable power after the company missed two earlier deadlines citing transmission unavailability, said three people aware of the development. To Mint's queries on the extension from the Andhra Pradesh government, a spokesperson for Adani Green said the scheduled completion date of the …

PM Modi to launch India's largest green hydrogen hub in Visakhapatnam
4 weeks ago

PM Modi to launch India's largest green hydrogen hub in Visakhapatnam

India Today  

In a landmark step towards achieving India’s green energy goals, Prime Minister Narendra Modi will lay the foundation stone for India's largest green hydrogen hub on November 29, 2024. PROJECT OVERVIEW The green hydrogen hub in Visakhapatnam aims to be a state-of-the-art facility that will produce green hydrogen using renewable energy sources like solar and wind power. INVESTMENT AND JOB …

PM Narendra Modi scheduled to visit Visakhapatnam on November 29
1 month, 1 week ago

PM Narendra Modi scheduled to visit Visakhapatnam on November 29

Deccan Chronicle  

Visakhapatnam: Prime Minister Narendra Modi would be in Visakhapatnam on November 29 to lay stone for the green hydrogen hub of the NTPC Green Energy Ltd. A key component of the National Green Hydrogen Mission, the Pudimadaka Green Hydrogen Hub would generate 20 gigawatts of clean electricity. The green hydrogen hub reflects India’s commitment under the National Green Hydrogen Mission. …

India's climate policies expected to reduce CO2 emissions by around 4 billion tonnes by 2030: Report
1 month, 2 weeks ago

India's climate policies expected to reduce CO2 emissions by around 4 billion tonnes by 2030: Report

The Hindu  

India's current climate policies are projected to reduce carbon dioxide emissions by around four billion tonnes between 2020 and 2030, and drive a 24% reduction in coal-based power generation, according to a new report. The study by Delhi-based independent think tank Council on Energy, Environment and Water said policies for India's power, residential and transport sectors have already saved 440 …

How well the PM Surya Ghar Yojana, a solar revolution, is faring across India
1 month, 2 weeks ago

How well the PM Surya Ghar Yojana, a solar revolution, is faring across India

India Today  

Prime Minister Narendra Modi's ambitious PM Surya Ghar Yojana is bringing significant relief to residents across India through solar power subsidies and installations. The power department also gave their full support.” Surendra, who works as a teacher, installed a 3 KW solar panel for Rs 1.8 lakh and got a subsidy of Rs 1.08 lakh. He spoke about the installation …

Apollo Green Energy plans ₹1,500 crore capex to capitalize on India’s renewables push
1 month, 2 weeks ago

Apollo Green Energy plans ₹1,500 crore capex to capitalize on India’s renewables push

Live Mint  

Apollo Group’s engineering and construction arm plans to spend ₹1,500 crore to expand its capacity and undertake government and public-sector renewable energy projects, sourcing most of its capital expenditure requirement from an initial public offering next year. Apollo Green Energy Ltd, which ventured into the renewable sector less than a year ago, has secured orders worth nearly ₹2,830 crore, a …

NLC India to Issue ₹4,500 Crore IPO for Green Energy Arm
2 months ago

NLC India to Issue ₹4,500 Crore IPO for Green Energy Arm

Live Mint  

NLC India is planning an IPO for its renewable energy arm, NLC India Renewables Ltd (NLCIRL), with a proposed size of ₹4,500 crore. The company will offload 51% of its shares to NLCIRL, with the remaining shares being distributed to shareholders. NLCIRL currently operates 1,380MW of solar power plants in the southern districts of Tamil Nadu and the Andaman & …

Decarbonizing India's Energy Future: Optimizing Green Hydrogen Production Costs
2 months, 1 week ago

Decarbonizing India's Energy Future: Optimizing Green Hydrogen Production Costs

Hindustan Times  

This paper examines the economics of producing and using green hydrogen in India, focusing on the 2030 timeframe. The paper calculates the cost of green hydrogen production and compares it to the cost of energy-basis equivalent costs of fossil fuels for a range of applications. The paper suggests that achieving a cost of green hydrogen under two $/kg by 2030 …

Chandrababu Naidu outlines Andhra Pradesh’s energy goals at investors’ conclave in Gujarat
3 months, 1 week ago

Chandrababu Naidu outlines Andhra Pradesh’s energy goals at investors’ conclave in Gujarat

The Hindu  

Andhra Pradesh Chief Minister N. Chandrababu Naidu, addressing the 4th Global Renewable Energy Investors Meet & Expo at Gandhinagar on Monday, said his government has lined up a slew of incentives for the entire spectrum of Renewable Energy companies under the A.P. Outlining salient features of the ICEP, Mr. Naidu said the State government’s target is to generate 78.50 Gigawatts …

RE-INVEST 2024: India best bet for 21st century, its solar revolution a golden chapter: PM Modi
3 months, 1 week ago

RE-INVEST 2024: India best bet for 21st century, its solar revolution a golden chapter: PM Modi

The Hindu  

India is unique in terms of diversity, scale, capacity, potential as well as performance and the world feels the country is the best bet for the 21st century, Prime Minister Narendra Modi said on Monday in his address at the 4th edition of Global Renewable Energy Investors Meet and Expo in Gandhinagar. “When the history of the 21st century will …

CM Naidu Seeks to Attract Green Investments at Global Meet
3 months, 1 week ago

CM Naidu Seeks to Attract Green Investments at Global Meet

Deccan Chronicle  

Vijayawada: Chief Minister Nara Chandrababu Naidu will highlight Andhra Pradesh's green energy commitments at the 4th Global Renewable Energy Investor’s Meet, which is to be conducted by the Ministry of New and Renewable Energy from September 16 to 18 in Gandhinagar, Gujarat. The Chief Minister is optimistic about attracting significant investments in the green power sector, leveraging the state's substantial …

Karnataka to be a key driver of India’s transition to clean energy: Study
3 months, 1 week ago

Karnataka to be a key driver of India’s transition to clean energy: Study

New Indian Express  

BENGALURU: Karnataka is set to be a major driver in India’s low-cost clean energy transformation, while ranking second in green hydrogen production and with the highest wind energy potential in the country. A study published on Tuesday by the Council on Energy, Environment and Water one of Asia’s leading research institutions and climate think-tanks states that with a green hydrogen …

India’s renewable energy target may prove elusive without course correction
3 months, 1 week ago

India’s renewable energy target may prove elusive without course correction

Live Mint  

India’s energy transition will be centred around the use of solar photovoltaic technology for at least the next 25 years. Though this information is not yet available in the public domain, it is estimated that Solar Energy Corporation Of India and other RE implementing agencies have about 18GW of ‘unsold inventory.’ Discoms in India face three major difficulties: huge uncertainty …

UP receives proposals for green hydrogen production for 3 districts
3 months, 1 week ago

UP receives proposals for green hydrogen production for 3 districts

Hindustan Times  

Uttar Pradesh has already received three proposals for setting up green ammonia plants in the state after it rolled out Green Hydrogen Policy on March 14, 2024 aimed at boosting green hydrogen production. “We have received three proposals one each for Gorakhpur, Jalaun, and Hamirpur with the production capacities of 1500, 260, and 780 tonnes per day, respectively,” Uttar Pradesh …

Mint Sustainability Summit to deliberate on climate change and the green imperative
3 months, 3 weeks 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 …

‘Karnataka lead player in renewable energy with 65% share’
4 months, 2 weeks ago

‘Karnataka lead player in renewable energy with 65% share’

The Hindu  

Karnataka is leading the way in renewable energy, with 65% of electric energy capacity coming from renewable sources, said Gaurav Gupta, Additional Chief Secretary, Energy Department, and Managing Director, KPCL As a hub for renewable energy, transmission, and investment, the State was also a pioneer in green hydrogen production with a target of 3 MMTPA and advancing electric mobility to …

What’s the Budget push for infrastructure?
4 months, 3 weeks ago

What’s the Budget push for infrastructure?

The Hindu  

The story so far: In her Budget proposals for 2024-25, Finance Minister Nirmala Sitharaman has set aside ₹11 lakh crore for capital expenditure, comprising 3.4% of the GDP. With the aim to push States to spend on infrastructure, she said ₹1.5 lakh crore was being made available to them in the form of long-term interest free loans. Under the Sagarmala …

​More for more: On the Union Budget and allocations
4 months, 4 weeks ago

​More for more: On the Union Budget and allocations

The Hindu  

Budgets of the Union or the States, as much as they are revenue and expenditure statements for the upcoming fiscal year, are also an exercise in political economy, and the recently tabled Union Budget for 2024-25 is no different. Aside from the “nine priorities”, beginning with provisions for the farm sector and attempts to boost employment, Union Finance Minister Nirmala …

Budget 2024: Placing thrust on infrastructure
4 months, 4 weeks ago

Budget 2024: Placing thrust on infrastructure

The Hindu  

Finance Minister Nirmala Sitharaman accelerated the government’s thrust on the crucial infrastructure sector in her seventh successive Budget presentation and the first of PM Modi’s third term. A massive expansion in urban housing at an investment of ₹10 lakh crore, a rural roads programme worth ₹26,000 crore are among the major features of the big infrastructure push. The Indian economy’s …

Budget 2024: A blueprint for sustainable growth and employment
4 months, 4 weeks ago

Budget 2024: A blueprint for sustainable growth and employment

The Hindu  

I would like to congratulate the Finance Minister for laying a well-defined road map for Viksit Bharat 2047 while continuing the focus on the immediate requirement. The support for the manufacturing sector, a package for employment generation, and the skilling and upskilling for 4.1 crore youth across sectors, are some of the key highlights of this budget. This, coupled with …

Budget 2024: For Developed India by 2047, Sitharaman banks on renewable & nuclear energy
5 months ago

Budget 2024: For Developed India by 2047, Sitharaman banks on renewable & nuclear energy

Firstpost  

The Budget 2024-25 makes way for private sector’s participation in the research and development of small modular nuclear reactors to boost India’s nuclear energy capacity Union Finance Minister Nirmala Sitharaman made announcements related to nuclear energy production and private sector's role in it in the Budget 2024 As the fastest-growing major economy that Prime Minister Narendra Modi has set 2047 …

Budget 2024: Fillip to clean energy schemes
5 months ago

Budget 2024: Fillip to clean energy schemes

The Hindu  

Finance Minister Nirmala Sitharaman’s Budget address gave a fillip to several commitments made in the interim Budget in February to incentivise clean energy but stopped short of announcing new schemes. In 2022, Atomic Energy Minister Jitendra Singh had said that these reactors, “less expensive and safer”, would be important to India’s energy security. The Finance Minister also restated a proposal …

The budget echoes the Developed India vision
5 months ago

The budget echoes the Developed India vision

Hindustan Times  

Finance minister Nirmala Sitharaman has meticulously assessed India’s economic vitality. New Delhi, India - July 23, 2024: Union Finance Minister Nirmala Sitharaman during Post Budget Press Conference at National Media Centre, in New Delhi, India, on Tuesday, July 23, 2024. Budget 2024 unveiled a comprehensive strategy built on nine foundational pillars — agriculture, employment, inclusive development, manufacturing and services, urban …

Budget 2024: 18% hike for Department of Space, lion’s share for development of space tech
5 months ago

Budget 2024: 18% hike for Department of Space, lion’s share for development of space tech

The Hindu  

The Department of Space received an 18% hike over its expenses in 2023-2024 in the 2024-2025 Union Budget presented by Finance Minister Nirmala Sitharaman on Tuesday. Mixed reactions Importantly, Ms. Sitharaman also announced a pool of ₹1,000 crore, or around $120 million, as venture capital funding for space start-ups, with the goal of “expanding the space economy by five times …

Budget 2024 is growth-oriented, welfare-centric, people-friendly: Annamalai
5 months ago

Budget 2024 is growth-oriented, welfare-centric, people-friendly: Annamalai

The Hindu  

The Union Budget 2024 is growth-oriented, welfare-centric and people-friendly. It strengthens the road map towards a Viksit Bharat by 2047, said BJP Tamil Nadu president K. Annamalai on Tuesday, July 23, 2024. In a social media post on X, Mr. Annamalai said Budgetary announcements, including the Transit Oriented Development Plans in 14 large cities with a population above 30 lakh, …

Budget 2024-25 CAPEX: ₹11 lakh crore allocated towards capital expenditure, 3.4% of GDP by FM Nirmala Sitharaman
5 months ago

Budget 2024-25 CAPEX: ₹11 lakh crore allocated towards capital expenditure, 3.4% of GDP by FM Nirmala Sitharaman

The Hindu  

In her seventh budget presentation, Finance Minister Nirmala Sitharaman announced allocating Rs 11 lakh, 11 thousand and 111 crore towards capital expenditure. She further urged, “We will encourage states to provide support of similar scale for infrastructure development based on their priorities.” The finance minister stated that private investment in infrastructure will be promoted through Viability Gap Funding and a …

Budget 2024: India to boost nuclear energy, develop Bharat Small Reactors
5 months ago

Budget 2024: India to boost nuclear energy, develop Bharat Small Reactors

India Today  

In a significant move towards diversifying India's energy mix, Finance Minister Nirmala Sitharaman announced major initiatives for nuclear energy development in the Union Budget 2024. Read Full Budget 2024 Coverage In line with India's commitment to sustainable development, the Finance Minister announced plans to formulate regulations for transitioning from energy efficiency targets to emission targets. By embracing nuclear energy, enhancing …

Union Budget 2024 India: Sitharaman Announces 5 Schemes Focusing On 4.1 Crore Youth Over Next 5 Years
5 months ago

Union Budget 2024 India: Sitharaman Announces 5 Schemes Focusing On 4.1 Crore Youth Over Next 5 Years

ABP News  

Union Budget 2024 India: Finance Minister Nirmala Sitharaman in her announcement during the Budget speech revealed that the Modi 3.0 government will launch five major schemes focusing on 4.1 crore youth over the next five years, with a substantial central outlay of Rs 2 lakh crore. The Finance Minister emphasized that 20 lakh youth will receive training and skill development …

Budget 2024: Key announcements by Finance Minister Nirmala Sitharaman
5 months ago

Budget 2024: Key announcements by Finance Minister Nirmala Sitharaman

India TV News  

Budget 2024: Union Finance Minister Nirmala Sitharaman, on Tuesday, July 23, 2024, presented the first budget of the Modi government 3.0, after it was re-elected to power for the third consecutive time, in the 2024 Lok Sabha elections. Union Finance Minister Nirmala Sitharaman said, "As mentioned in the interim Budget, we need to focus on 4 different castes, the poor, …

Budget 2024: Indian space industry excited about Rs 1,000 crore fund
5 months ago

Budget 2024: Indian space industry excited about Rs 1,000 crore fund

India Today  

The Union Budget 2024 has been met with widespread approval from the space industry, following Finance Minister Nirmala Sitharaman's announcement to expand India's space economy fivefold over the next decade. Lt. Gen. AK Bhatt, Director General of the Indian Space Association, praised the government's commitment, stating, "The Union budget's vision to grow India's space economy by fivefold in the next …

Budget 2024: Nirmala Sitharaman announces Rs 1,000 crore fund to boost space economy
5 months ago

Budget 2024: Nirmala Sitharaman announces Rs 1,000 crore fund to boost space economy

India Today  

Finance Minister Nirmala Sitharaman on Tuesday unveiled an ambitious plan to expand India's space economy fivefold over the next decade, marking a significant leap in the country's space aspirations. In a bold move to propel India's space sector forward, Sitharaman announced the establishment of a Rs 1000 crore venture capital fund dedicated to fostering growth and innovation in space technology. …

Budget 2024 Highlights: FM disappoints investors, rewards (some) taxpayers
5 months ago

Budget 2024 Highlights: FM disappoints investors, rewards (some) taxpayers

Hindustan Times  

July 23, 2024 9:02 PM IST Budget 2024 LIVE Updates: Supriya Paul, CEO & Co- Founder, Josh Talks, said, “The Union Budget 2024-25 represents a significant stride towards Bharat's development. The allocation of ₹1.48 lakh crore towards education, employment, and skills development is a substantial investment. By enhancing the quality of education and training, we are equipping our youth with …

Economic Survey 2023-24: Balancing growth and green goals a tightrope walk for India
5 months ago

Economic Survey 2023-24: Balancing growth and green goals a tightrope walk for India

The Hindu  

India's path to sustainable development is fraught with challenges, as the country grapples with the twin imperatives of meeting burgeoning energy demands and reducing carbon emissions, the Economic Survey 2023-24 revealed on July 22. Tabled in the Parliament, the Survey underscores the complexities of India's green transition, emphasizing the need for a diversified energy portfolio to achieve ambitious growth targets …

Time for India’s budget to devote enough space for climate action
5 months ago

Time for India’s budget to devote enough space for climate action

Hindustan Times  

How do you cost for climate change? Last year, the apex bank’s report on Currency and Finance outlined climate change’s impact on the country. That is why the Union Budget this year is an extraordinary opportunity to shape India’s climate action. What’s encouraging though is that, through previous Budget announcements, the government has consistently shown interest in acting on climate …

Coal to have significant place in India’s diversified energy basket: Eco Survey
5 months ago

Coal to have significant place in India’s diversified energy basket: Eco Survey

Hindustan Times  

India will target a diversified set of sources for energy security with a significant place for thermal power, including coal to provide base load, to minimise risks associated with systems while pursuing low-emission pathways in line with national commitments, said the 2023-24 Economic Survey Union finance minister Nirmala Sitharaman tabled in Parliament on Monday. “This will also include a significant …

Sitharaman to present Budget 2024: Understanding the Budget, its impact on India's economy
5 months ago

Sitharaman to present Budget 2024: Understanding the Budget, its impact on India's economy

India TV News  

Finance Minister Nirmala Sitharaman will present the Union Budget 2024–25 on Tuesday, marking the first budget of Prime Minister Narendra Modi's third successive government. By adjusting tax policies and government spending, the budget can incentivize business investments, boost economic activity, and address public needs such as education and healthcare. The presentation of the Union Budget 2024–25 will be a critical …

UP plans ₹43000-crore overhaul of power network
5 months, 3 weeks ago

UP plans ₹43000-crore overhaul of power network

Hindustan Times  

LUCKNOW The UP government is gearing up to invest over ₹43,000 crore to expand and modernise the power network in the state with the objective of upgrading everything from meters to feeders and ensuring a state-of-the-art electricity infrastructure, a government spokesman said here on Wednesday. Plans were in place to revamp the Purvanchal Vidyut Vitaran Nigam Limited with an investment …

India's first multi-purpose green hydrogen pilot project inaugurated
7 months, 4 weeks ago

India's first multi-purpose green hydrogen pilot project inaugurated

Business Standard  

India's first multi-purpose green hydrogen pilot project at 1,500 MW Nathpa Jhakri Hydro Power Station in Himachal's Jhakri was inaugurated on Wednesday, according to Satluj Jal Vidyut Nigam officials. SJVN Chairman and Managing Director Geeta Kapur inaugurated a 20Nm3/hr electrolyzer and 25kW fuel cell capacity-based green hydrogen pilot project, a statement issued here said. The project is the nation's first …

India's solar surge: A look at ambitious plans, actual progress, and funding trends
9 months ago

India's solar surge: A look at ambitious plans, actual progress, and funding trends

India Today  

During his address at the India Today Conclave, Prime Minister Narendra Modi outlined ambitious plans for the next five years, particularly in solar energy. INDIA'S SOLAR PARK PROGRESS A total of 51 solar parks were sanctioned across various states in India, with a combined capacity of 37.74 GW by 2023. Andhra Pradesh has five parks with a total capacity of …

Solar power scheme gets Modi Cabinet's nod, Rs 60,000 subsidy, 300 units free for 1 crore homes
9 months, 3 weeks ago

Solar power scheme gets Modi Cabinet's nod, Rs 60,000 subsidy, 300 units free for 1 crore homes

India TV News  

Families will get up to Rs 60,000 subsidy for setting up rooftop solar panel systems, and 300 units of free electricity under Centre's mega push for switching to solar power after the Modi cabinet gave its approval for PM-Surya Ghar: Mufti Bijli Yojna. The government will invest Rs 75,021 crore, under which one crore households will get financial assistance for …

U.P. poised to unveil 182 renewable energy projects worth over ₹1.30 lakh cr
10 months, 1 week ago

U.P. poised to unveil 182 renewable energy projects worth over ₹1.30 lakh cr

Hindustan Times  

Lucknow: In a likely big push to sustainable development in the state, the Uttar Pradesh government’s groundbreaking ceremony here on Monday would unveil renewable energy projects worth more than ₹1.30 lakh crore, people in the know of things said. Of the total 182 renewable projects identified for the GBC, 42 projects worth ₹ 55,806 crore pertain to solar power. Of …

India needs ₹30 lakh cr investments in 6 years to meet its emission cut commitment: IREDA chief
10 months, 1 week ago

India needs ₹30 lakh cr investments in 6 years to meet its emission cut commitment: IREDA chief

Hindustan Times  

India has set the target of having 50 per cent of its power generation capacity from non-fossil fuel sources. HT Image The investments would be required in manufacturing of capacity for solar, electrolysers, wind and battery, transmission, green hydrogen, solar, hydro, wind, and waste to energy sectors, said Pradip Kumar Das, CMD of Indian Renewable Energy Development Agency, at a …

Odisha CM Lays Foundation Stone for Avaada Group’s Green Hydrogen Project
10 months, 1 week ago

Odisha CM Lays Foundation Stone for Avaada Group’s Green Hydrogen Project

Deccan Chronicle  

Bhubaneswar: Odisha Chief Minister Naveen Patnaik on Wednesday laid foundation stone for Avaada Group’s green hydrogen project at Gopalpur in Ganjam district. This mega clean energy project entailing an investment of Rs 8,000 crore aligns with India’s aspiration to be a global green hydrogen manufacturing hub. Located near Gopalpur deep-sea port, Avaada’s cutting-edge green ammonia storage facility will enable exporting …

India’s clean energy boom slows as new solar projects get delayed. Experts say it can pick back up
10 months, 2 weeks ago

India’s clean energy boom slows as new solar projects get delayed. Experts say it can pick back up

Associated Press  

BENGALURU, India — 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. It takes up to two years for solar projects to come online after …

Large part of ₹11 trillion capex for FY25 to flow into energy sector: PM Modi
10 months, 2 weeks ago

Large part of ₹11 trillion capex for FY25 to flow into energy sector: PM Modi

Live Mint  

Goa: The Centre will allocate a substantial part of the budgeted capital expenditure for fiscal year 2024-25 to the energy sector, as the country strives to meet rapidly growing demand and achieve climate goals, Prime Minister Narendra Modi said on Tuesday. India's energy demand is projected to double by 2045, placing the country at the helm of shaping global energy …

India to see investment of $67 billion in next five to six years in energy sector: PM Modi
10 months, 2 weeks ago

India to see investment of $67 billion in next five to six years in energy sector: PM Modi

The Hindu  

Prime Minister Narendra Modi on Tuesday said India was working on the development of environmentally friendly energy sources to enhance its energy mix. Mr. Modi said as India was poised to be 3rd largest economy in the world, the energy sector would play a crucial role in India’s growth story. On India’s seriousness to facilitate the transition he said, “despite …

India will see investment of USD 67 billion in energy sector in next 5-6 years: PM Modi
10 months, 2 weeks ago

India will see investment of USD 67 billion in energy sector in next 5-6 years: PM Modi

India TV News  

Prime Minister Narendra Modi announced on Tuesday that India is poised to witness a staggering investment of USD 67 billion in the energy sector over the next 5 to 6 years. Highlighting India's robust economic growth, currently exceeding 7.50 per cent, Modi emphasised the nation's imminent ascension to the rank of the world's third-largest economy. Modi said, "In the next …

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