Clean energy Financial News

₹2.37 trillion with 20 companies both in public and private sector, the company said in a statement on Friday. These MoUs were signed with solar, wind power, green hydrogen, battery storage, electric vehicle companies as well as manufacturers of green energy equipment among others in the clean energy space.

NHPC Ltd plans to take its clean energy subsidiary NHPC Renewable Energy Ltd (NREL) public or sell its stake to strategic investors through private placements in two-three years, Rajendra Prasad Goyal, director, finance, NHPC, said in an interview. The hydropower major is looking to add solar capacity, and once the projects in the pipeline are commissioned, they will be moved to NREL. Currently, NHPC’s green energy projects, primarily comprising solar power, are under the parent company, though the green energy subsidiary was incorporated in February 2022 for developing its renewable, small hydro and green hydrogen portfolio.“Our plan is to first develop projects under NHPC, and then we will demerge these projects and shift them to NHPC Renewable and then list the company, or bring in strategic investors to create more value.

Indian officials, including at Wednesday’s Group of Twenty ministerial talks on clean energy, want the country to expand its critical mineral mining operations and make its own clean energy infrastructure from start to finish

clean energy supply chain to minimize risks and uncertainties, the two sides said in a joint statement after the meeting of their energy ministers. Oil minister Hardeep Puri and US energy secretary Jennifer Granholm met in New Delhi on Tuesday to review the progress under the U.S.-India Strategic Clean Energy Partnership (SCEP).

New Delhi: India and the US are working together to ensure that there is not disruption in the global clean energy supply chain, said Bhupinder Singh Bhalla, secretary, union ministry of petroleum and natural gas. Addressing the US-India Energy Summit: ‘Partnering for a Sustainable Future’, the official noted that the recently announced US-India New and emerging renewable energy technologies action platform would help in reducing the cost of green hydrogen production as per the respective green hydrogen strategies of both the countries.

New Delhi: The market for critical minerals, essential for powering clean energy technologies, has experienced a remarkable surge, doubling in size over the past five years, the International Energy Agency (IEA) said in a report on Tuesday. The IEA’s inaugural Critical Minerals Market Review, released today along with a new online data explorer, highlights the soaring demand for minerals like lithium, cobalt, nickel, and copper driven by the increasing deployment of clean energy technologies such as electric vehicles, wind turbines, and solar panels.

U.S. officials hailed a milestone for fusion energy research Tuesday, even as they acknowledged fusion power plants harnessing the power of the sun to supply abundant clean energy may remain decades away at best.

Numis has hired a JPMorgan veteran to lead a new clean technology advisory unit, as large investment banks increasingly look to cash in on the transition to net-zero carbon emissions.

Citigroup has hired two senior dealmakers for its new team focused on clean energy transition, as large investment banks increasingly compete for ESG advisory talent.

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The worst energy crisis in a half-century is disrupting the West’s transition to cleaner sources of energy by providing new momentum to invest in fossil fuels, business and government leaders said at this week’s World Economic Forum.

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New dynamics in the energy sector are compelling providers to shift to sustainable and clean energy to combat climate change. While many challenges accompany the clean energy transition, a report claims that blockchain has the potential to help the industry achieve its climate action goals. 

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