India
Onshore wind to play a key role in achieving India’s 2030 target
The country has almost 41GW of onshore wind capacity.
ONGC signs 6 contracts for offshore fields in Arabian Sea, Bay of Bengal
Four of which were signed as the sole bidder, whilst two were in partnership with IOCL.
Sembcorp to sell India unit to Tanweer Infrastructure
The proposed sale will cut Sembcorp’s GHG emission intensity to 0.32 tCO2e/MWh.
NTPC acquires Jhabua Power
This will bring the IPP’s total installed capacity to over 70GW.
Tata Power to install smart metres for all Mumbai customers by FY25
The company has already deployed smart metres to 75,000 customers.
Azure Power appoints acting CEO
Harsh Shah stepped down as the CEO effective immediately.
India could raise RE capacity by about 24GW with wind energy
As of March 2022, 37.7% of its cumulative installed capacity was wind.
TP Renewable, SIDBI partner to set up 1,000 green energy enterprises in India
This is meant to promote sustainable rural entrepreneurship.
ReNew Power records US$1m loss in Q123
This is down from a net profit of US$5m in the same quarter in 2022.
India may not reach 175GW RE capacity target by 2022: Fitch
The passage of the Energy Conservation (Amendment) Bill will support its growth.
India RE open access capacity climbs by 1.9GW in 2022: report
The market size is estimated to have grown to 10GW in 2022.
NTPC commissions 56MW Kawas Solar project
Its solar installed capacity is now at 69,454MW.
ReNew Power secures $1b loan for hybrid battery-enabled project
This is the largest ECB project loan in India’s renewable sector.
ReNew Power, HSBC India provide solar power to 75 schools
The partnership also includes pioneering a climate education.
Tata Power unit commissions 225MW hybrid power project in Rajasthan
This is Tata Power’s first hybrid project.
Adani Green Energy’s cash profit up 48% YoY to $86m in Q1 FY23
Its operational capacity rose 65% YoY to 5,800MW.
Thought Leadership Centre
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Commentary
What a $635b investment push could mean for India’s refineries and thermal power plants