Kumar Mangalam Birla-controlled Aditya Birla Nuvo Ltd will sell 49% stake in its wholly owned subsidiary Aditya Birla Renewables Ltd to a unit of international private equity firm Abraaj Group to build a renewable energy platform focused on developing solar power plants in India. The...
According to the press release from the airport authority, Hon. Chief Minister Mr. Oommen Chandy inaugurated the 12 MWp solar power plant, on 18th August 2015, comprising of 46,150 solar panels laid across 45 acres near cargo complex. About 50,000 to 60,000 units of electricity...
As a part of India’s energy supply, Prime Minister Narendra Modi is focusing more on renewable energy. The focus is basically on solar projects which can be known from the 2014-15 budget declared by Finance minister Arun Jaitley. There is a plan to build 100,000...
India has said it will respond to the United States’ notice challenging the domestic sourcing requirement in its National Solar Mission in 10 days’ time as stipulated under the rules of the World Trade Organization. The US, on Wednesday, filed an official dispute against India...
Renewable energy will be even more popular over the coming years, according to a new International Energy Agency report. Over the next five years, the report predicts a 40% increase in the generation of energy from renewable sources worldwide. If that comes to pass, then...
Japan has approved incentives for renewable energy that could unleash billions of dollars in clean-energy investment and help the world's third-biggest economy shift away from a reliance on nuclear power after the Fukushima disaster. Industry Minister Yukio Edano approved the introduction of feed-in tariffs (FIT),...
India’s Union Minister of New and Renewable Energy has announced the increase of the country’s 2020 renewable energy targets, from 6 to 15%. At the Institute of International and European Affairs (IIEA), held in Ireland’s capital, Dublin, Farooq Abdullah additionally said that an action plan...
With the cost of power generated using diesel at over Rs.50,000 crore every year for Indian industry and set to only go up, it is imperative to switch over to renewable energy sources. Seeking to convey this message, organisers of the upcoming ‘REaction 2012,’ a...
China's central government plans to spend US$27 Bn this year to promote energy conservation, emission reductions and renewable energy, the Ministry of Finance said. The ministry said China plans to promote more use of energy-saving products and low or no-emission power generation such as solar...
A report from Bloomberg New Energy Finance said that a sluggish economy did not hamper investments in new clean energy projects as they increased 5% to $260Bn in 2011, a record high. U.S. investments in renewable energy moved ahead of China for the first time...