On 1st September 2020, Shri R. K. Singh, the Minister of State (IC) Power and New & Renewable Energy & Minister of State (Skill Development and Entrepreneurship), launched pan-India Green Term Ahead Market (GTAM) in electricity as a first step towards Greening the Indian short term power Market, through video conference in New Delhi. While […]
GTAM: Indian Power Market goes Green Read More »
The Central Electricity Regulatory Commission (CERC) has given approval to the petition filed by Pranurja Solutions Ltd, to establish what will become India’s third power exchange after Indian Energy Exchange (IEX) and Power Exchange India Limited (PXIL). Pranurja Solutions Limited proposes to offer a power trading exchange platform and had filed a petition with the
CERC approves India’s third power exchange to Pranurja Solutions Read More »
Through an Order dated 17th August 2020, the Central Electricity Regulatory Commission (CERC) gave approval for the launch of the Indian Energy Exchange’s (IEX) Green Term-Ahead Market (GTAM). IEX had filed a petition with the CERC regarding the same in 2018. In its order, the CERC specified that as the GTAM was following all principles
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Renewable energy has steadily and quietly crossed a major landmark recently as it started competing directly with electricity generated by Thermal Power plants in the spot energy market, intensifying competition in the energy sector. ReNew Power has become the first renewable power company in India to compete with thermal (coal-based) plants in the spot market as
Renewable Power competes with Thermal Power in Spot Energy Market Read More »
Yes Bank and the European Investment Bank will co-finance USD 400 million funding for renewable power generation in the country. “The new financing programme will streamline financing for a range of renewable energy projects being built and operated by leading Indian corporations and private sector developers,” Yes Bank and EIB said in a joint statement issued here today. Of the
Yes Bank-EIB invest $400 million in wind and solar projects Read More »
ReNew Power Ventures Pvt. Ltd is close to acquiring Ostro Energy Pvt. Ltd, the company that holds the renewable energy assets of buyout firm Actis Capital, for an enterprise value of Rs10,000 crore, according to two people directly aware of the development. The final valuation has been agreed by both sides, the people said, requesting
ReNew Power may buy Ostro Energy Read More »
The consolidation exercise continues in India’s green energy space with diversified conglomerate Shapoorji Pallonji Group in stake sale talks for its solar power project portfolio. The privately-held SP Group, which had $5 billion in revenue in 2016, is seeking a financial investor given that financing at the lowest cost holds the key to success. This
Shapoorji Pallonji Group in talks to sell off 400 MWp Indian Solar portfolio Read More »
