ACTIS TO INVEST USD 850 MILLION IN INDIA

HIGHLIGHTS

• Actis is going to invest US $ 850 million in India.
• Investment has been planned for two green energy platforms.
• Construction of grid-connected solar energy and wind parks platform is going to be around $ 600 million.
• I...

INDIA MAY HAVE DOUBLE POWER SUPPLY AND CLEAN ENERGY BY 2030

HIGHLIGHTS

• By 2030, India may have more clean energy and its power supply might be double.
• Researchers from Berkeley Lab-led team have found that higher targets for wind energy and solar energy would come at a cost comparable to fossil fuel sources.

US, INDIA HAVE AGREED TO WORK ON TECHNOLOGY AND FINANCE FOR CLEAN ENERGY: US ENVOY KERRY

Highlights

• Kerry said by focusing on actions taken in the period of 2020 and 2030 will set the roadmap for achieving net zero emissions by 2050

• The United States and India have agreed to work closely on technology and finance for the deployment of 450 GW of renew...

LOWEST BID IN SECI’S?WIND?AUCTION COMES FROM ADANI RENEWABLE

HIGHLIGHTS

• The lowest bid in SECI’s?wind?auction has come from Adani Renewable.
• Adani Group wishes to expand its green energy portfolio.

Adani Renewable Energy has placed the lowest bid of ? 2.77 per unit at an auction that was...

GWEC INDIA APPOINTS MARTAND SHARDUL AS POLICY DIRECTOR

HIGHLIGHTS

• GWEC India has appointed Martand Shardul as its first policy director in India.
• Earlier, Martand Shardul was working at TERI.

The Global Wind Energy Council (GWEC) India has appointed Martand Shardul as its first policy di...

US, INDIA JOIN HANDS TO FOCUS ON CLEANER ENERGY SECTORS

Highlights

• This decision was taken in the meeting between the US energy secretary Jennifer Granholm and India’s oil minister Dharmendra Pradhan

• The US replaced Saudi Arabia as India's second biggest oil supplier in the month of February as refiners boos...

ORIX AND TEESTA URJA FINALIZE THE DEAL

HIGHLIGHTS

• The deal between ORIX and Teesta Urja is the single largest foreign investment transaction in India regarding clean energy.
• Greenko has also acquired 40% stake in Teesta Urja Ltd.
• Teesta Urja is setting up the 1.2 GW hydropower p...

MYTRAH ENERGY PLANNING A MERGER

HIGHLIGHTS

• Mytrah Energy India is exploring options regarding merger with other green energy firms.
• Mytrah Energy India is looking forward to SPAC listing.
• The plan of Mytrah Energy India is to look at combining Indian firms having a portfo...

ENERGY COMPANIES IN SPAIN PLANNING FOR THEIR STAKE SALES FOR NEW DEALS

Highlights:

• The energy companies in Spain are planning their stake sales with the upcoming two years
• The growing demand for the Environmentally friendly investments has been focusing on the solar and wind energy industries in Spain

S...

ASHOK LEYLAND INCREASES CLEAN ENERGY SOURCING TO 60 PERCENT

HIGHLIGHTS

• Ashok Leyland has increased clean energy sourcing to 60% for countrywide operations.
• Operations of a solar plants are going to be first to start.
• Increased use of renewable energy can reduce carbon emissions and save trees.
...

INDIA MAY SPEND 1.4 TRILLION DOLLARS MORE ON CLEAN ENERGY SHIFT

HIGHLIGHTS

• To adopt clean energy technologies with target time and be on a sustainable trajectory over the next 20 years, India may have to spend $ 1.4 trillion more than planned.
• The International Energy Agency has published a report titled ‘In...

DANISH ENVOY LAUDS INDIA'S EFFORTS TO CONTAIN COVID-19

HIGHLIGHTS

• Denmark envoy said that the number of COVID-19 cases in India went down drastically while in Europe, cases were still increasing.
• The Danish envoy said his country wanted deeper cooperation and collaboration with India in the 'green'...

BIDEN ADMINISTRATION INTENDS TO BUILD CLEAN ENERGY RELATION WITH INDIA

Highlights

• The US is aiming to restart the clean energy programmes which were jointly being developed at the time of former President Barack Obama's presidency

• Andrew Light, head of the office of international affairs at the US Department of energy had previo...

AMPLUS LAUNCHES ‘THE MILES CHALLENGE’ FOR CLEAN ENERGY

HIGHLIGHTS

• For Indian startups, Amplus Solar has launched The MILES Challenge.
• The MILES Challenge can deploy solutions in the Clean Energy ecosystem.

The MILES Challenge has been launched by Amplus Solar for Indian start-ups. It is ...

AMIT SHAH ESTIMATES 4 TRILLION RUPEES INVESTMENT IN CLEAN COAL

HIGHLIGHTS

• Home minister Amit Shah estimates investment in clean coal facilities, including coal-bed methane and coal gasification.
• The home minister estimates that coal power can transform India into a $5 trillion economy.

Home Mini...

GOVERNMENT REVEALED PLANS FOR CLEAN ENERGY SYSTEM IN UNITED KINGDOM

Highlights:

• The government of United Kingdom has revealed ambitious plans for the clean energy system and to provide support to the jobs in the country
• They will be putting the affordability of at the centre of the decisive shift of the United Kingdom...

EUROPEAN ENERGY SELECTS GE RENEWABLE ENERGY AS THE SUPPLIER FOR THREE WIND FARMS IN LITHUANIA

Highlights:

• The European Energy has selected GE Renewable Energy as the supplier for the three wind farms in Lithuania
• The European Energy and the GE Renewable Energy together will be adding substantial wind power to Lithuania

The GE...

BORIS JOHNSON TO HOLD TALKS ON THE FUTURE OF NUCLEAR ENERGY IN UNITED KINGDOM

Highlights:

• The prime minister of United Kingdom is set to hold talks on the future of nuclear energy in the country
• The deputy mayor of Copeland said that, they are all on the same page about the vision they have for Copeland

A very...

EUROPEAN UNION CONSIDERS INCREASING THE CAPACITY OF ITS OFFSHORE WIND ENERGY

Highlights:

• The European Union is considering a plan for increasing the capacity of its offshore wind energy
• A draft said that, the European Union should aim for 60 gigawatts of the offshore wind energy by the year 2030

According to ...

SPAIN AIMING TO HOLD CLEAN ENERGY AUCTION UNDER THE NEW SYSTEM

Highlights:

• Spain is aiming for holding the auction for the clean energy by the end of the year 2020 under the new system
• Spain has also launched a plan for installing 50 gigawatts of the renewable energy capacity by the year 2030

Th...