Topic: renewable energy

The sector can decarbonise its entire electricity demand by 2030 with 120 GW of renewable energy. With this, the carbon emissions of sector will be reduced by 17%, finds think tank Ember.

The Viability Gap Funding scheme aims to support installation and commissioning of 1 GW of offshore wind energy projects — 500 MW each off the coasts of Gujarat and Tamil Nadu.

While output from wind, solar, and hydro sources remains low as a percentage of capacity, India is producing more coal than before and drilling for coal deposits too.

This is the first time that India is participating in the summit, which will be attended by 15,000 delegates from around the world from 13 to 15 May.

The new subsidiary, IREDA Global Green Energy Finance IFSC Limited, was formally incorporated on May 7, 2024, and has received an 'No Objection Letter' from the Reserve Bank of India.

Global Electricity Review 2024, published in energy think tank Ember's annual report, says that for 1st time in world, renewable energy is accounting for 30% of total energy generation.

The decision to expand operations into GIFT, a growing hub for financial services in India, comes as REC continues to diversify its portfolio and explore new avenues for growth.

This was stated by the IREDA CMD Pradip Kumar Das during a panel discussion at the 26th edition of the World Energy Congress held in Rotterdam, Netherlands.This was stated by the IREDA CMD Pradip Kumar Das during a panel discussion at the 26th edition of the World Energy Congress held in Rotterdam, Netherlands.

This new initiative by IREDA is expected to play a key role in the implementation of the National Green Hydrogen Mission of India, which has set a target of producing more than 5 million metric tons of hydrogen per annum (MTPA) by 2030.

This new initiative by IREDA is expected to play a key role in the implementation of the National Green Hydrogen Mission of India, which has set a target of producing more than 5 million metric tons of hydrogen per annum (MTPA) by 2030.