Item List

Girishkumar Kadam, Senior Vice President & Co-Group Head – Corporate Ratings at ICRA, predicts that the backlog of projects awarded by central nodal agencies and state distribution utilities will also drive capacity addition. "(There is) still a large amount of undeveloped solar, wind, and hybrid capacity of more than 55 GW." Based on this, ICRA anticipates an increase in RE capacity addition from 7.4 GW reported in FY2021 to 12.5 GW in FY2022 and 16 GW in FY2023," Kadam said.

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.

Mr. Gautam S. Adani and Mr. Rajesh S. Adani, along with their families, founded the company. Mundra Port and Special Economic Zone Limited acquired all of the Company's shares in 2004 as part of a reorganisation among the Promoters ("MPSEZL"). On May 29, 2006, MPSEZL sold all of its shares in the company to Adani Enterprises Limited.
2009 – It began generating in July 2009 with the first 330 MW of 4,620 MW at Mundra. This is India's largest single coal-fired power plant.
2010 – The business completed three 330 MW units in November 2010 and the country's first supercritical 660 MW unit on December 22, 2010.
2011 – It synchronised its second 660 MW unit on June 6th, bringing overall generating capacity to 2,640 MW, and its third super critical unit on October 2nd.
2012 – It completed the Mundra Project in February 2012, bringing its total capacity to 4,620 MW, making it the world's largest privately owned thermal power plant and fifth largest globally. After completion, it was the world's third-largest thermal power plant.
2013. A 40 MW solar power plant in Kutch, Gujarat. This is the country's largest solar power facility and the group's first foray into renewable energy.
2014 – On April 3, 2014, the firm announced the commissioning of the fourth 660 MW unit at its Tiroda power plant in Maharashtra, making it the largest private electricity generator in India. The fifth unit came online in 2014.
On May 11, 2015, the business announced the acquisition of Udupi Power Corporation Limited. Adani Power now has a total capacity of 10,440 MW, making it India's largest private power generator. After a protracted battle to become India's largest thermal power producer, Tata Power and Adani Power are now battling it out to become the country's greatest green energy generator.

Tata Power's solar portfolio currently stands at 957 MW, following the Tuesday commissioning of a 30 MW facility in Palaswade, Maharashtra. A 50 MW solar PV project in Mahoba, Uttar Pradesh, brought Adani Power's total solar capacity to 838 MW.

Tata Power Renewable Energy (TPREL) currently has 1487 MW of green energy operating capacity, 530 MW wind and 957 MW solar, following last year's acquisition of Welspun's 1140 MW for Rs 10,000 crore. TPREL is also deploying about 373 MW of renewable assets and plans to acquire Tata Power's 380 MW clean energy assets. TPREL's portfolio now exceeds 2200 MW, making it India's leading renewable energy company.
2017 – One of its units ran for 600 days in 2017.
2019 – Adani Power reported a net profit of Rs 634.64 crores for the fourth quarter ending March 31. The company posted a consolidated net loss of Rs 653.25 crore the previous year.

Adani Power

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.

For decades, the IPP business model was uncommon in Germany. However, since the EEG, the IPP business model has become more popular (for renewable energy). The approach's success is contingent upon securing a distribution partner for the generated energy.

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 IPO offering:
On October 12, 2016, Azure Power launched an Initial Public Offering (IPO), allowing Indian energy assets to be listed for the first time on the New York Stock Exchange. Azure Power is also the first renewable energy company to go public in the United States since August 2015. Azure Power raised $161 million in its pre-IPO, initial public offering, and concurrent private placement. The vast majority of the funds were used to continue the development of solar power plants in India.

Azure Power

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 shares have risen nearly 36% in the last month, from around 510 to 694. This multibagger stock has increased by 166 percent in the last six months, from 260 to 690. Similarly, over the last year, this multibagger penny stock has soared from 170 to 694, a gain of approximately 310 percent.
On 29th May 2020, this multibagger penny stock closed at 34.95 on the NSE, while on 17th December 2021, it closed at 694 on the NSE. Thus, over the last 19 months, the multibagger penny stock has increased by approximately 1900%.

Borosil Renewable

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.


"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.

Two factors have resulted in a significant decline in the number of mine workers and mines in Kentucky. To begin, growing mechanisation has reduced the demand for workers in both Kentucky coal fields. This has been exacerbated further by the advent of strip mining. Second, the 1990 Clean Air Act Amendment's acid rain rule has rendered Kentucky coal, with its medium to high sulphur concentration, less desirable. This amendment forces businesses to either remove sulphur using scrubbers or switch to low-sulfur coal, which is abundant in western states such as Wyoming, or face fines for sulphur production.

While Eastern Kentucky coal has a higher sulphur content, it has a higher carbon density than Wyoming coal, which means that less of it must be burned to generate the same amount of electricity, resulting in lower per capita carbon dioxide emissions. Eastern coal is still extensively used throughout the United States.

Acid rain regulations have been far more severe on the Western Coalfield. Whereas over half of Eastern coal is rich in sulphur, practically all Western coal is. The state government has been pursuing "coal to gas" projects in recent years, which convert coal into liquid fuels that closely resemble natural gas or petroleum.

Economic Impact: From the 1980s to the 2000s, employment in the coal industry declined steadily, eventually stabilising at roughly 18,000 for the last decade. As of 2009, the coal sector employed 18,850 Kentuckians directly, accounting for less than 1% of the entire employment. However, when indirect employment in the industry is included, that figure nearly doubles to approximately 73,000. This figure includes jobs in education and the service industry in mining communities, as well as jobs in construction, transportation, and manufacturing that have a direct impact on the mining industry, as well as jobs at banks, law firms, and engineering firms that conduct business with the mining industry.

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 Energy invented the microinverter concept. A microinverter's primary concept is to convert, control, and monitor energy on a panel-by-panel basis, rather than across an array of panels. This limits the size of the inverter that may be mounted on the panel's back, resulting in a "AC panel." Such a system can be directly connected to the grid or to other systems to create larger arrays. This is in contrast to the more usual central inverter arrangement, in which numerous panels are connected in series on the DC side and then routed to a single larger inverter en masse.

Martin Fornage of Cerent Corporation was looking for new projects in the aftermath of the 2001 Telecoms crisis. When he became aware of the string inverter's poor performance on his ranch's solar array, he joined with another Cerent engineer, Raghu Belur, and founded PVI Solutions. At the end of 2006, the two hired Paul Nahi as CEO, and in early 2007, Fornage, Belur, and Nahi founded Enphase Energy, Inc. Following that, the first prototype microinverter was created. By 2008, Enphase had raised around $6 million in private financing and launched its first product, the M175, to middling success. Their second generation model, the 2009 M190, was significantly more successful, with around 400,000 units sold between 2009 and early 2010. Enphase quickly increased to a market share of 13% in residential systems by mid-2010, with the goal of reaching 20% by year's end.

They shipped their 500,000th inverter in early 2011 and their one millionth inverter in September of same year. The third generation M215 was released in the summer of 2011, and by the end of the year, they had sold over a million units across all models, bringing their installed base to 1.55 million inverters and a 34.4 percent market share. In 2013, a fourth generation, the M250, was introduced.

As of 2012, their inverters accounted for 53.5 percent of the home installation market in the United States, accounting for 72 percent of the global micro-inverter market. This places them as the world's sixth largest manufacturer of inverters of any kind. Enphase has conducted market research in Europe, beginning in France and expanding to include sales in France, Belgium, the Netherlands, Luxembourg, and Italy. They were, however, much more successful in the United Kingdom and, later, Australia. As of 2013, around 20% of their sales were generated outside of North America.

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.

According to a statement from the Ministry of New and Renewable Energy, the second phase of the green energy corridor project will include the addition of approximately 10,750 circuit kilometres (ckm) of transmission lines and 27,500 megavolt-amperes (MVA) transformation capacity of substations.
"This will promote environmentally sustainable growth and contribute to the country's long-term energy security." "Raj Kumar Singh, the Union Minister for Power, New and Renewable Energy, stated in a tweet.

"Today's CCEA decision strengthens India's efforts to meet the 450GW target in the renewable energy sector." Other advantages include increased energy security and environmentally friendly growth "Modi stated this in a tweet.
The corridor is expected to aid in ensuring that the massive injection of electricity into the national grid from intermittent energy sources such as solar and wind does not jeopardise the grid.

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.

The energy crisis of the 1970s resulted in the establishment of the Commission for Additional Sources of Energy (CASE) in March 1981 within the Department of Science and Technology (India). The CASE was in charge of policy formulation and implementation, programme development for new and renewable energy, and coordination and intensification of R&D in the sector.

In 1982, the then-current Ministry of Energy established a new department, the Department of Non-conventional Energy Sources (DNES). DNES acquired CASE.

In 1992, the ministry was renamed the Ministry of Non-Conventional Energy Sources. It changed its name to its current one in October 2006.

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.

According to the ReNew Power website, Sinha founded the company in 2011 with a 25.2 MW wind project in Jasdan, Gujarat, and it has grown to become the country's largest independent renewable energy producer. According to the website, ReNew operates more than 100 utility-scale projects across eight states, generating 1% of India's electricity and assisting in the mitigation of 0.5 percent of India's carbon emissions.

Sumant Sinha founded ReNew Power in 2011 and received funding from Goldman Sachs in September. Goldman Sachs has invested $70 million in ReNew Power, while the Asian Development Bank (ADB) and alternative asset manager Global Environment Fund (GEF) have each invested $50 million and $20 million.

"If the market is supportive and the policy environment is favourable for renewable energy, we will conduct an initial public offering within a year or two," said Sumant Sinha, chairman and chief executive officer of ReNew Power. In May 2012, the company began work on its first project in Jasdan, Gujarat. In 2016, ReNew became the first renewable energy independent power producer to raise rupee-denominated masala bonds[10] and the first Indian renewable energy company to reach 1 GW capacity in the same year.

In 2016, ReNew Power established a centre of excellence at IIT to collaborate on research and technology development.
JERA (a joint venture between Tokyo Electric Power and Chubu Electric Power) acquired an equity stake in ReNew in 2017, and the company doubled its capacity for the third consecutive year. ReNew Power acquired Ostro Energy in 2018 and CPPIB, a Canadian pension fund, became an equity investor. Additionally, the company signed memorandums of understanding with the states of Andhra Pradesh and Maharashtra to invest in the renewable energy sector.

ReNew Power

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.

Government policy and political leadership contribute to "levelling the playing field" and increasing acceptance of renewable energy technologies. Germany, Denmark, and Spain have been pioneers in implementing innovative policies that have fueled the majority of growth over the last decade. Germany committed to the "Energiewende" transition to a sustainable energy economy in 2014, while Denmark committed to 100% renewable energy by 2050. There are now 144 countries with targets for renewable energy.

Renewable energy continued its meteoric rise in 2015, bringing a slew of benefits. There was a new record for installed wind and photovoltaic capacity (64GW and 57GW, respectively), as well as a new high for global renewables investment of US$329 Billion. A significant benefit of this investment growth is the creation of new jobs. China, Germany, Spain, the United States, Italy, and Brazil were the top investment destinations in recent years. BrightSource Energy, First Solar, Gamesa, GE Energy, Goldwind, Sinovel, Targray, Trina Solar, Vestas, and Yingli are among the renewable energy companies.

Concerns about climate change are also propelling growth in the renewable energy industries. Solar energy generators, according to a 2011 projection by the International Energy Agency (IEA), could generate the majority of the world's electricity within 50 years, significantly reducing harmful greenhouse gas emissions.

Renewable energy has been more effective at creating jobs in the United States than coal or oil.

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.

As a result of the move, the company will become self-sustaining and self-generating, with its own solar power plants that will generate and sell energy. Additionally, it will result in the company expanding its activities in other segments of solar energy, such as solar product and material manufacturing.
The company is responsible for the implementation of a number of government schemes, the most significant of which are the VGF schemes for large-scale grid-connected projects under the National Solar Mission, the solar park scheme, and the grid-connected solar rooftop scheme, as well as a variety of other specialised schemes such as the defence scheme, canal-top scheme, and Indo-Pak border scheme.
Additionally, SECI has developed solar projects on a turnkey basis for several public sector entities. Additionally, the company holds a power trading licence and is engaged in this activity by trading solar energy generated by projects established under the company's schemes.

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).