Search Results for: Ministry of New and Renewable Energy

The Indian government has mandated domestic solar cell and module manufacturers to upload details of their annual imports, exports, and manufacturing facility locations on two online portals. This move by the Ministry of New and Renewable Energy (MNRE) aims to prevent the mislabeling of imported solar cells as domestic products, ensuring compliance with Domestic Content Requirement (DCR) standards. The new rules require manufacturers listed in the Approved List of Models and Manufacturers (ALMM) to report…

Jonathan Heimer, Minister Counselor for Commercial Affairs at the United States Foreign Commercial Service (FCS), highlighted the US’s support for India’s energy transition at the 2nd Energy Summit by the Indo-American Chamber of Commerce (IACC). Heimer emphasized opportunities for collaboration in clean energy sectors, noting India’s target of 500 GW of renewable energy by 2030. Carrie Antal, Deputy Director at the United States Agency for International Development (USAID), praised India’s economic growth and its role…

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…

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…

The Ministry of New and Renewable Energy (MNRE) has announced that India has about 151 GW of renewable energy projects in various stages of implementation. Around 76.42 GW of this capacity will become operational in the next three to four years. The tendering process for the 76.42 GW capacity projects has been completed. Since 2014, India’s renewable energy capacity has grown from 76 GW to over 195 GW as of June 2024.

The 2024 Union Budget of India introduced significant measures to boost the energy sector, emphasising renewable energy adoption, energy transition, and infrastructure enhancement. Here are the key highlights: PM Surya Ghar Muft Bijli Yojana: 10 million households will receive up to 300 units of free electricity monthly, supported by subsidies and concessional loans, with a National Online Portal for streamlined applications. Renewable Energy Funding: The Ministry of New and Renewable Energy (MNRE) has been allocated…