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In India, renewable energy is increasing at a higher rate than in any other major economy. The country is also one of the major producers of modern bioenergy in the world, with big plans to expand its use throughout the economy. Several firms had already lent their support to the government in achieving this remarkable feat.
The India Renewable Energy Market accounted for $XX Billion in 2021 and is anticipated to reach $XX Billion by 2026, registering a CAGR of XX% from 2022 to 2027.
Trichy Corporation has decided to relocate the smart cities solar power park from Panjapur along the Trichy-Madurai national highway to a vacant spot near the sewage treatment facility.
Tata Power Renewable Energy (TPREL), a wholly-owned subsidiary of Tata Power, has completed solar photovoltaic (PV) projects in Uttar Pradesh, India In the Prayagraj and Banda regions, the business has completed two solar plants. This has bolstered their status as a major renewable energy company, as well as their contribution to the country’s long-term energy sustainability.
In an effort to cut carbon emissions, the state-owned NTPC has teamed up with the Delhi Jal Board to transform sewage treatment plant sludge into energy. Sludge disposal is a significant concern since it contributes to environmental damage.
ReNew Power, India’s largest renewable energy provider, has signed a deal with Mitsui & Co Ltd., a renowned global general trade and investment organisation. Mitsui will invest in ReNew’s RTC renewable energy project as part of the cooperation. The RTC project will deliver electricity to SECI by constructing three new wind farms and one solar with battery storage farm across the states of Rajasthan, Karnataka, and Maharashtra.
The strategic partnership agreement between India’s Ministry of New and Renewable Energy and IRENA signals the two organizations’ intent to deepen their cooperation in the area of renewable energy.
As part of the cooperation, IRENA will support India’s efforts to enhance the development of domestic green hydrogen and cost-effective decarbonization by facilitating information exchange from India on scaling up renewable energy and clean energy technology.
The two will collaborate closely to evaluate the potential contribution that green hydrogen may make to India’s energy transformation and as a new source of domestic energy exports.
In order to allow cost-competitive green hydrogen generation, storage, distribution, and application technologies, India has started the process of creating and establishing a National Green Hydrogen Mission.
