Investment Opportunities in Renewable Energy
Target of 450 GW of renewable power by 2030. This is the world’s largest expansion plan is in renewable energy.
5th largest installed capacity of renewable energy in the world
4th largest installed capacity of wind power in the world
5th largest installed capacity of solar power in the world
In 2019, India was ranked as the fourth most attractive renewable energy market in the world.
Up to 100% FDI is allowed under the automatic route for renewable energy generation and distribution projects subject to provisions of The Electricity Act, 2003.
As of 30 April 2020, the total installed capacity for Renewables is 87+ GW with the following break up:
Wind power: 38 GW
Solar Power: 35 GW
BioPower: 10 GW
Small Hydro Power: 5 GW
Wind energy capacity in India has increased by 1.7 times in the last 4 years. Further to this, record 100 bn+ units of renewable electricity generating last year.
Solar power capacity has increased by more than 11 times in the last five years from 2.6 GW to 28.18 GW in March 2019.
42 solar parks of aggregate capacity 23,499 MW have been approved in 17 states up to March 2019
Kurnool (1,000 MW) and Bhadla-II (648 MW) Solar Parks are fully operational
Largest Solar Park of 2,000 MW in Pavagada is under installation
Siemens Gamesa has bagged an order from Adani Green Energy for one of the largest wind power projects in India. The company will deliver 215 SG 2.2-122 wind turbines, totalling 473 MW. The wind turbines will be manufactured at its facilities in India.
Aug 17, 2020
IHCL teams up with Tata Power for supply of solar energy. The IHCL hotels in Mumbai, namely The Taj Mahal Palace, Taj Lands End and Taj Wellington Mews, will get approximately 60% energy from green source and reduce nearly 22.9 million kg carbon dioxide emissions on an annual basis.
Aug 05, 2020
Ayana Renewable acquires 40 MW solar assets from First Solar
Aug 04, 2020
The government of Uttar Pradesh will install solar panels on hotels and guest houses under the Tourism Department.
Jul 29, 2020
Sembcorp Energy India Limited (SEIL) announced completion of its latest 800MW wind power projects, bringing its India renewable energy capacity to 1730MW. With the full commissioning of its 300MW SECI 3 wind project, Sembcorp becomes the first independent power producer to fully commission its projects awarded in the first three wind auctions held by the Solar Energy Corporation of India (SECI). Together, these assets provide enough clean energy to power more than 600,000 homes and avoid over 2 million tonnes/annum of carbon dioxide emissions. This capacity is also the largest operational wind capacity with any developer to-date from SECI auctions.
Jul 21, 2020
2 Mega Watt Solar Power Plant Inaugurated at Naval Station Karanja, Uran. The Plant has been installed at Naval Station Karanja and is one of the largest solar plants in the region. The Solar Plant comprises of 100% indigenously developed solar panels, tracking tables and inverters.
Jul 21, 2020
Aiming to attract private investments to help establish renewable power projects of 120 gigawatts (GWs) the state government has notified the Andhra Pradesh Renewable Energy Export Policy, 2020.
Jul 21, 2020
The Tamil Nadu government signed eight new MoUs worth INR 10,399 crore.The MoUs will bring in investments in the areas of solar cells and modules manufacturing, agrotech and iron foundry, among others. The cumulative investment envisaged in the projects will create 13,507 jobs across the state in solar cells, data centres and industrial parks.
Jul 15, 2020
Renew Power plans to double its portfolio running plants and projects under implementation in India in next 5 years, investing INR 40,000 cr to INR 50,000 cr.
Jul 09, 2020
Enel taps Norfund for Indian solar push
Jul 08, 2020
BP targets Indian renewables with $70 mn growth fund investment
May 29, 2020
MNRE begins process to engage consultancy for One Sun One World One Grid plan
May 29, 2020
Raut wants 500 MW solar park in Vidarbha, Maharashtra
May 09, 2020
India wins deal for 24X7 supply of green power
100 smart city projects
Provision of rooftop solar and 10% renewable energy mandatory
Up-gradation and modernization
Up-gradation of watermills and micro hydro projects
100,000 solar pumps required for agriculture
Green energy corridor
Plans to set up 12600 ckm of inter-state and intra-state transmission lines
HOW SM MANAGEMENT SERVICES WILL BE HELPFUL FOR YOU:
- Research Content Provided
- Policy Advisory/ Representation
- Stakeholder Meeting
- Site Visits
- Location Analysis
- Regulatory Clearance Facilitation
- Issue Resolution
For regular updates, you can visit our Twitter page: India Entry Services