Market News
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Cabinet approves Rs 2,585 crore Small Hydro Power Development Scheme
The Union Cabinet has approved a Rs 2,585 crore scheme to boost small hydro power development. This initiative aims to add 1,500 MW of renewable capacity by 2030-31. Projects will be run-of-river, avoiding dams and displacement. The scheme is expected to attract Rs 15,000 crore in investment, creating clean energy and boosting the nation's renewable capacity.
IEX share price surges over 3% following board's approval to launch Coal Exchange
Indian Energy Exchange shares surged 3% as it announced in-principle approval for a Coal Exchange. February saw a 30.4% growth in electricity trading volume to 12,550 million units and a 15.2% increase in renewable energy certificates traded.
Italian energy major Enel files international arbitration against Waaree Energies
Italian energy giant Enel SpA has launched arbitration proceedings against solar manufacturer Waaree Energies Ltd. The case, filed in London, concerns alleged loss of profits following a failed acquisition of Enel's Indian renewable arm. Waaree Energies disputes the claims and plans to contest them. The financial impact remains undetermined pending the arbitration outcome. Waaree will explore all legal options.
India’s power capacity to surge with renewables; NTPC top pick in sector: Bernstein
Bernstein’s Nikhil Nigania said India’s power sector is entering a major expansion phase, with installed capacity of about 525 GW expected to rise sharply as the country adds nearly 50 GW of renewable energy annually. While renewables will drive growth, transmission infrastructure remains a key bottleneck. Nigania prefers traditional power and transmission plays, naming NTPC as his top pick, while remaining cautious on renewable equipment makers due to potential margin pressure and supply-demand imbalances.
Gulf investors seen likely to keep funding Africa renewable energy despite the Iran war
Gulf investors seen likely to keep funding Africa renewable energy despite the Iran war
Stocks in news: Tata Steel, Kaynes Tech, GAIL, Somany Ceramics, TVS Motor
Indian markets continued their downward trend on Thursday. Several companies saw significant news. BofA Securities invested in Kaynes Technologies. GAIL assured uninterrupted gas supply to Bengaluru. South Indian Bank launched EPF payment services. DCM Shriram approved renewable energy investment. TVS Motor launched a new electric scooter. Tata Steel moved court over a GST demand.
'Alternate sources in play to meet peak power demand this summer'
India anticipates sufficient power supply this summer. New coal and renewable energy capacities will meet demand. Battery storage is also coming online. This comes as gas-fired power generation may be reduced. Peak power demand is projected to rise significantly. The government has alternative resources to ensure adequate supply.
Centre reviews 1-GW offshore wind tender timing
The tender documents for the 1-GW capacity wind project are ready, but feedback from industry participants suggests the market may not respond adequately at this stage. The ministry of new and renewable energy has begun engaging with policy institutions and multilateral agencies to explore ways to improve investor participation.
KKR eyes multiple, independent green assets in India
KKR is vying for Sprng Energy and Gentari directly through its Asia fund, not via its renewable energy platform Serentica.
NTPC Green gains after arm commissions 270 MW at Khavda-II solar project in Gujarat
NTPC Green Energy rose 1.16% to Rs 87.72 after the company said that its arm, NTPC Renewable Energy, has declared commercial operation of the third part capacity of 270 MW out of its 1,200 MW Khavda-II solar PV project in Gujarat.
Govt set to launch new version of PM KUSUM scheme focusing on agri solar PV component
The government is preparing to launch PM-KUSUM 2.0, a new version of the scheme aimed at boosting renewable energy in agriculture. This initiative will enable farmers to generate electricity while cultivating crops on the same land, with a dedicated 10 GW agri-PV component planned. The updated scheme is expected to feature higher targets and an increased outlay.
NTPC Renewable Energy begins power supply from 270-MW unit of Gujarat solar project
NTPC Renewable Energy, a proud member of the NTPC Green Energy family, has officially commenced power generation from a robust 270-megawatt unit. This unit is a vital piece of a larger 1,200-megawatt solar venture flourishing in Gujarat.