Indian Renewable Energy Development Agency (IREDA) has signed memorandum of understanding (MoU) with the Bank of Maharashtra to provide financing for renewable energy projects across the country. The objective of the collaboration is to promote […]
The total power generation stood at 147.8 BUs in July 2023. At around 49.79 BUs and 37.8 BUs, the central and state sectors respectively accounted for the major share in conventional power generation. Meanwhile, renewable […]
The electricity traded in the day-ahead market in August 2023 was 3,881.41 MUs at the IEX. The average market clearing price range was Rs 3.36 per unit to Rs 9.96 per unit at the IEX. […]
IEX: Indian Energy Exchange; PXIL: Power Exchange India Limited; HPX: Hindustan Power Exchange Limited; DAM: Day-ahead market; GDAM: Green day-ahead market; RTM: Real-time market; TAM: Term-ahead market; GTAM: Green term-ahead market
The total installed power generation capacity stood at around 416 GW in March 2023. Thermal capacity accounted for a 57 per cent share followed by renewables (30 per cent), hydel (11 per cent)Â and nuclear […]
Power generation grew at a compound annual growth rate of 6 per cent to reach 1,618 BUs in 2022-23 from 962 BUs in 2013-14. Thermal generation accounted for 74.5 per cent of the total generation […]
Over the past year, major players in the power sector have made significant strides. They have signed MoUs and established joint venture (JV) entities to advance renewable energy projects, encompassing green hydrogen technologies, nuclear power […]
Financing activity has picked up pace in the power sector, driven by India’s ambitious plans of acÂhieving 500 GW by 2030. In the past year, the sector has witnessed some significant fundraising through commercial loans […]
India’s power sector is undergoing a transformative phase, characterised by surging power demand, substantial investments, and a significant shift towards sustainable energy solutions. In 2022-23, the sector witnessed a remarkable surge in cumulative disbursements and […]
Citicore Renewable Energy Corporation (CREC) has secured USD100 million in financial support from Singapore-based Pentagreen Capital to fund the development of its solar projects in the Philippines. The mezzanine construction green loan facility will include […]
REC Limited has sanctioned debt funding exceeding Rs 30.81 billion for Serentica Renewables for its 560 MW peak greenfield solar-wind hybrid project situated in the Gadag district of Karnataka. The necessary loan agreements have been […]
INOX Air Products (INOXAP) has signed a 20-year agreement with First Solar to supply nitrogen. The agreement includes design, engineering, installation, and operations of a cryogenic nitrogen generator to supply high-purity nitrogen for First Solar’s […]
The Ministry of Power (MoP) has notified that the distribution companies (discoms) can purchase power from the common pool after the expiry of power purchase agreement (PPA). The new guidelines are a result of the […]
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