RE-INVEST 2019

News:The Ministry of New & Renewable Energy (MNRE) has postponed the 3rd Global Renewable Energy Investors(RE-INVEST) meet. Facts: Re-Invest: It is a global platform to explore strategies for the development and deployment of renewables. It showcases India’s clean energy market and the Government’s efforts to scale up capacity to meet the national energy demand in… Continue reading RE-INVEST 2019

R K Singh approves proposal to declare ocean energy as Renewable Energy

Ministry of New and Renewable Energy(MNRE) has approved a proposal to declare ocean energy as renewable energy. This means that energy produced using various forms of ocean energy such as tidal, wave and ocean thermal energy conversion will now be considered as Renewable Energy. This decision will help the sector to grow as it will… Continue reading R K Singh approves proposal to declare ocean energy as Renewable Energy

India beats U.S. at WTO in renewable energy case

India has won a major trade dispute against the United States at the World Trade Organization(WTO). The WTO dispute resolution panel has ruled that US domestic content requirements and subsidies provided by eight of its states in the renewable energy sector are violative of global trade norms. The panel concluded in its ruling that the… Continue reading India beats U.S. at WTO in renewable energy case

Govt to ask RBI to remove priority lending limit for renewable energy sector

The Ministry of new and renewable energy(MNRE) has decided to ask the Reserve Bank of India(RBI) for removal of the priority sector lending limit for the renewable energy(RE) sector. This will encourage the PSBs(public sector banks) to lend more for renewable energy projects and help RE developers access easy finance. India is running the world’s… Continue reading Govt to ask RBI to remove priority lending limit for renewable energy sector

Renewable energy: Centre looking to set up portal to disclose payment delays by Discoms

The Ministry of New and Renewable Energy(MNRE) is considering setting up a web portal to publicly disclose payment delays to renewable energy players from power distribution companies (Discoms).This move is expected to usher in more transparency in pending payments. The industry has demanded that a portal should be similar to Payment Ratification and Analysis in… Continue reading Renewable energy: Centre looking to set up portal to disclose payment delays by Discoms

New hydro policy to help meet renewables target

Union Cabinet had approved a new hydroelectric policy aimed at boosting the sector.According to the new policy,large hydro projects will also be designated as renewable energy projects. Earlier,only smaller projects of less than 25 MW in capacity were categorised as renewable energy projects and were eligible for various incentives like financial assistance and cheaper credit.… Continue reading New hydro policy to help meet renewables target

Large hydro projects get ‘renewable energy’ status

The government has introduced a slew of measures for the hydropower sector. The measures come at the time when the share of hydro-power in the total capacity in India has declined from 50.36% in the 1960s to only around 13% in 2018-19. The major measure has been the declaration of large Hydropower Projects (LHPs) as Renewable Energy… Continue reading Large hydro projects get ‘renewable energy’ status

Wind energy expansion capacity to slow in next five years: CRISIL

A recent report by CRISIL has projected that the wind energy sector in India will record a slow growth in next five years (2019-2023). According to CRISIL, the shift to competitive bidding mechanism has slowed wind energy sector growth due to a significant fall in tariffs. This has consequently resulted in a decline in bid… Continue reading Wind energy expansion capacity to slow in next five years: CRISIL