According to ICRA, India will add 16 GW of renewable energy capacity in FY23.
According to PTI, India is expected to add an estimated 16 GW of renewable energy over FY23, according to rating agency ICRA. The country also has a strong pipeline of 55 GW clean energy projects.
The outlook for capacity addition "remains strong," according to ICRA, due to a large project pipeline and "highly competitive tariffs offered by these projects." It expects 16 GW capacity addition in FY23, up from 12.5 GW in FY22 and 7.4 GW in FY21.
Adani Power Limited is an Indian power industry unit of the Adani Group, headquartered in Khodiyar, Ahmedabad. It is a 12,450 MW private thermal power producer. It also runs a 40 MW mega solar facility at Naliya, Bitta, Kutch. It is India's first supercritical technology firm.
All you need to know about Independent power producer
Independent power producers (IPPs) or non-utility generators (NUGs) are entities that are not public utilities but own facilities for the generation of electric power for sale to utilities and end users. NUGs may be privately owned facilities, corporations, cooperatives such as rural solar or wind energy producers, or non-energy industrial concerns that are capable of supplying excess energy to the system.
Azure Power Global Limited, headquartered in New Delhi, India, is an independent power producer, developer, and operator of utility and commercial scale solar PV power plants. In India, the company sells energy to government utilities as well as independent industrial and commercial customers. Azure Power built India's first utility-scale solar project in Awan, Punjab, in 2009. Azure Power's total capacity exceeds 7 GW.
Borosil Renewables Limited is a glass manufacturer. The company manufactures glassware for industrial, pharmaceutical, and volumetric applications. Borosil Renewables' product line includes bottles, burettes, pipettes, flasks, condensers, ground joints, and extractors. Borosil Renewables Limited is India's first and only manufacturer of solar glass.
Company Mission: TO BE A COMPETITIVE ORGANIZATION THAT PROVIDES VALUE TO ITS CUSTOMERS, SHAREHOLDERS, AND EMPLOYEES THROUGH CONTINUAL DELIVERY OF HIGH-QUALITY PRODUCTS AND SERVICES AT REASONABLE PRICES.
"The fundamentals of Borosil Renewables Limited are extremely strong and the stock is currently trading at a favourable price," Sandeep Jain stated. The company's return on capital employed (ROCE) is 30%. If you look at the profit CAGR of the company over the last three to four years, it has grown at a rate of 28 percent; the company has also grown at a rate of 19-20 percent in terms of sales.
Coal Mining in Kentucky
In 1750, coal was discovered in Kentucky. Since the first commercial coal mine opened in 1820, coal has grown in economic significance and sparked debate about its environmental impact. As of 2010, the state had 442 working coal mines and less than 4,000 underground coal miners.
Enphase Micro Inverter
A solar micro-inverter converts direct current (DC) generated by a single solar module into alternating current (AC) (AC). Microinverters differ from typical solar inverters, which connect a single inverter to many solar panels. Several microinverters' output can be combined and often supplied into the grid. Enphase is a pioneering company in this segment.
Govt nods yes for ₹12k crore to push green energy
The funds will be used for phase II of the national clean energy corridor.
The project is intended to assist India in meeting its climate commitments made at the COP-26 summit in Glasgow.
MNRE: Ministry of New and Renewable Energy
The Ministry of New and Renewable Energy (MNRE) is a government of India ministry headed by an elected Union Cabinet Minister. It is primarily responsible for research and development, intellectual property protection, and international cooperation, promotion, and coordination in renewable energy sources such as wind, small hydro, biogas, and solar.
By operational capacity, ReNew Power is India's largest renewable energy company. It is headquartered in Gurgaon, Haryana, and has a total asset base of more than 10 GW, with approximately 5 GW operational. ReNew Power operates over 110 projects across 18 Indian states, developing, constructing, owning, and operating utility-scale wind and solar energy projects, as well as distributed solar energy production for commercial and industrial consumers.
Renewable energy commercialisation
Renewable energy continued its rapid growth in 2015, providing multiple benefits. There was a new record set for installed wind and photovoltaic capacity (64GW and 57GW) and a new high of US$329 billion for global renewables investment. Renewable energy has been more effective in creating jobs than coal or oil in the U.S. Renewable energy technologies are essential contributors to the energy supply portfolio. They contribute to world energy security, reduce dependency on fossil fuels, and some also provide opportunities for mitigating greenhouse gases.
There is strong support for promoting renewable sources such as solar power and wind power. Renewable energy capacity additions in 2020 expanded by more than 45% from 2019. There will be a 90% rise in global wind capacity (green) and a 23% expansion of new solar photovoltaic installations (yellow). Worldwide growth of renewable energy to 2015 is the green line. By the end of 2011, total renewable power capacity worldwide exceeded 1,360 GW, up 8%.
Renewables accounted for almost half of the 208 GW of capacity added globally during 2011. Photovoltaic and concentrated solar power plants may produce most of the world's electricity within 50 years.
SECI: Solar Energy Corporation of India
Solar Energy Corporation of India Ltd. (SECI) will be converted into a commercial company. SECI will generate and sell solar power and develop other sources of renewable energy. Cabinet also approves renaming SECI as Renewable Energy Corp. of India (RECI).