India’s Ministry of New and Renewable Energy (MNRE) has been criticized by a parliamentary committee for missing out several targets on renewable energy installations and cost overruns.The Ministry has several government funded schemes under its ambit like providing power to India’s unelectrified villages.The Ministry has failed to meet even 50% of its target to provide […]
Siemens is one of the largest conglomerates in the world with a huge Green Division.This German Giant is present in almost all sectors of the upcoming Green Industry.Siemens is a Top 10 World Supplier of Wind Turbines and has recently upped its investment into Solar Thermal Technology through the acquisition of pioneering CSP company Soleil […]
The Indian Electricity Regulator has reduced the Renewable Energy Plant Size for Grid Connection to 50 MW.This has been done after State Electricity Boards were not connecting Green Plants to the Grid due to the CERC rules.However even at 50 MW the rule does not make much sense.All the countries in the world are promoting […]
India’s Central Electricity Regulatory Commission (CERC) had suddenly come up with an order mandating 6% Renewable Energy Generation for Utilities under National Action Plan on Climate Change (NAPCC) with 10% RE target by 2015.This had caused consternation as India still does not have a well functioning Renewable Energy Certificate (REC) market till now which would […]
Shale Gas Extraction has seen doubts being raised against its Environmental Safety Record.This new form of Fossil Fuel Extraction has seen a Gold Rush from Global Oil and Gas Majors looking to tap into this major new Energy Form.In the initial helter and skelter,environmental norms have been bypassed.Recently a NGO blamed regulators and companies of illegally diverting millions of tons of water in Pennsylvania.India’s Biggest Private Company Relaince Industries has invested a huge amount in acquiring Shale Gas Assets in order to assimilate this Technology. The Indian government is writing a new Shale Gas Policy as India is said to have geographical formations with potential Shale Gas Deposits.
ndia is one of the fastest growing economies in the world with fundamentals indicating that this rapid growth will continue for the next 10-20 years as well.However Green Investing in India is fraught with risk since major Green Energy Companies like Suzlon and Moser Baer have proven to be abject failures till now.A Good Way to do make Green Investments into India is through Renewable Energy Focused Utilities.Tata Power which is one of India’s largest utilities is looking to focus on Green Energy as well.The company has 16% of its power supplied from Renewable Energy Sources and is looking to increase it to 25% by 2017.