According to ICRA, India will add 16 GW of renewable energy capacity in FY23.
According to PTI, India is expected to add an estimated 16 GW of renewable energy over FY23, according to rating agency ICRA. The country also has a strong pipeline of 55 GW clean energy projects.
The outlook for capacity addition "remains strong," according to ICRA, due to a large project pipeline and "highly competitive tariffs offered by these projects." It expects 16 GW capacity addition in FY23, up from 12.5 GW in FY22 and 7.4 GW in FY21.
All you need to know about Independent power producer
Independent power producers (IPPs) or non-utility generators (NUGs) are entities that are not public utilities but own facilities for the generation of electric power for sale to utilities and end users. NUGs may be privately owned facilities, corporations, cooperatives such as rural solar or wind energy producers, or non-energy industrial concerns that are capable of supplying excess energy to the system.
Azure Power Global Limited, headquartered in New Delhi, India, is an independent power producer, developer, and operator of utility and commercial scale solar PV power plants. In India, the company sells energy to government utilities as well as independent industrial and commercial customers. Azure Power built India's first utility-scale solar project in Awan, Punjab, in 2009. Azure Power's total capacity exceeds 7 GW.
Borosil Renewables Limited is a glass manufacturer. The company manufactures glassware for industrial, pharmaceutical, and volumetric applications. Borosil Renewables' product line includes bottles, burettes, pipettes, flasks, condensers, ground joints, and extractors. Borosil Renewables Limited is India's first and only manufacturer of solar glass.
Company Mission: TO BE A COMPETITIVE ORGANIZATION THAT PROVIDES VALUE TO ITS CUSTOMERS, SHAREHOLDERS, AND EMPLOYEES THROUGH CONTINUAL DELIVERY OF HIGH-QUALITY PRODUCTS AND SERVICES AT REASONABLE PRICES.
"The fundamentals of Borosil Renewables Limited are extremely strong and the stock is currently trading at a favourable price," Sandeep Jain stated. The company's return on capital employed (ROCE) is 30%. If you look at the profit CAGR of the company over the last three to four years, it has grown at a rate of 28 percent; the company has also grown at a rate of 19-20 percent in terms of sales.
Central Electricity Authority (India)
The Central Power Authority of India (CEA) provides policy advice to the government and develops plans for the development of the country's electricity systems. It is a statutory body established under section 3(1) of the Electricity Supply Act 1948, which was repealed by section 70(1) of the Electricity Act 2003.
Coal Mining in Kentucky
In 1750, coal was discovered in Kentucky. Since the first commercial coal mine opened in 1820, coal has grown in economic significance and sparked debate about its environmental impact. As of 2010, the state had 442 working coal mines and less than 4,000 underground coal miners.
Enphase Micro Inverter
A solar micro-inverter converts direct current (DC) generated by a single solar module into alternating current (AC) (AC). Microinverters differ from typical solar inverters, which connect a single inverter to many solar panels. Several microinverters' output can be combined and often supplied into the grid. Enphase is a pioneering company in this segment.
MNRE: Ministry of New and Renewable Energy
The Ministry of New and Renewable Energy (MNRE) is a government of India ministry headed by an elected Union Cabinet Minister. It is primarily responsible for research and development, intellectual property protection, and international cooperation, promotion, and coordination in renewable energy sources such as wind, small hydro, biogas, and solar.
By operational capacity, ReNew Power is India's largest renewable energy company. It is headquartered in Gurgaon, Haryana, and has a total asset base of more than 10 GW, with approximately 5 GW operational. ReNew Power operates over 110 projects across 18 Indian states, developing, constructing, owning, and operating utility-scale wind and solar energy projects, as well as distributed solar energy production for commercial and industrial consumers.