Search Results for: am green

Fourth Partner Energy Ltd (FPEL) has raised $275 million from the International Financial Corporation (IFC), Asian Development Bank (ADB), and German Investment Corporation (DEG) to support its goal of 3.5 GW renewable energy capacity by 2026. The funding breakdown includes $125 million from IFC, $100 million from ADB, and $50 million from DEG. This investment will bolster FPEL’s current 1.5 GW portfolio and help commission a 575 MW wind-solar hybrid project in Karnataka later this…

India’s installed renewable energy capacity has surged by 165% over the past ten years, increasing from 76 GW in 2014 to 203 GW in 2024, according to New and Renewable Energy Minister Pralhad Joshi. Addressing the Rajya Sabha, Joshi highlighted India’s position as the fourth-largest globally in renewable energy capacity and noted an investment of approximately Rs 7 trillion in renewable projects during this period. The Union Budget 2024-25 allocated over Rs 210 billion to…

The Union Budget 2024–25 introduced “Climate Finance Taxonomy,” aimed at channelling capital towards climate-resilient infrastructure and practices. This taxonomy will guide investments in sectors like shipping, aviation, iron and steel, and chemicals, transitioning from energy efficiency to emissions reduction targets. The initiative aims to ensure transparent and efficient investment in genuine green projects, preventing greenwashing by setting common scientific standards. Countries like China, Malaysia, and Sri Lanka have already issued green taxonomies. India’s task force…

JSW Energy has been awarded an ‘A’ rating for Environment, Social, and Corporate Governance (ESG) by Morgan Stanley Capital International (MSCI). Recognized globally, MSCI’s ratings serve as a crucial tool for the international investment community. This achievement positions JSW Energy among the top ranks of domestic peers in the power generation industry, underscoring its robust ESG policies. The high rating reflects the company’s effective carbon emissions management and strategic focus on renewable energy. Under its…

The Rajasthan Cabinet, chaired by Chief Minister Bhajanlal Sharma, approved establishing four joint venture companies focused on renewable and thermal power generation and transmission. The Cabinet also approved the development of metro rail projects under a joint venture with the central government, which is in line with the Metro Rail Policy 2017. Following an MoU signed with various central public sector companies on March 10, 2024, the state Cabinet approved the formation of joint ventures…

Energy Efficiency Services Ltd (EESL) has signed an agreement with RajCOMP Info Services Ltd (RISL) to promote energy efficiency and enhance public service delivery in Rajasthan. Under this partnership, EESL will offer UJALA products and services through RISL’s e-Mitra portal. This collaboration leverages the extensive e-Mitra network to promote energy-efficient solutions across the state. EESL, under the Ministry of Power (MoP), and RISL, under the Department of Information Technology & Communications (DOIT&C), will facilitate the…

SJVN Limited has filed a petition for the approval of tariffs to supply 1,500 MW of firm and dispatchable power from renewable energy projects connected to the Inter-State Transmission System (ISTS) with energy storage systems. This Build-Own-Operate (BOO) project includes an option to expand capacity by an additional 1,500 MW. The competitive bidding process ensured transparency and fairness. Designated by the Ministry of New and Renewable Energy (MNRE) as an intermediary procurer, SJVN facilitates the…