Aditya Birla Nuvo to sell 49% in renewables unit to Abraaj

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 Abraaj Group is a leading private equity investor, managing approximately […]

Cochin International Airport to be completely powered by Solar energy

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 will be consumed by the airport for all its operational […]

Renewable Energy Opportunity in India

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 solar powered pumps and pumping stations. The plan also includes […]

India to respond to US WTO notice on domestic sourcing rules under National Solar Mission

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 at the WTO claiming that the domestic sourcing rules flouted […]

IEA Report: Renewable Energy to See Huge Growth Over Next 5 Years

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 renewables would generate 1.5 times the amount of energy currently […]

Japan approves renewable subsidies

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), which means higher rates will be paid for renewable energy. […]

Indian Govt. Revised 2020 Renewable Energy Targets From 6 to 15%

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 has been developed, which lays the ground for 30 GW […]

REaction 2012 – Conference on renewable energy from July 26, 2012

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 two-day conference on D2R (diesel to renewable), said use of […]

China to spend US$27 Bn on energy conservation and renewables

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 and wind. It also wants to accelerate the development of […]

Renewable energy investments increased 5% to $260bn in 2011

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 since 2008, according to the latest data. U.S. projects saw […]