India’s Adani Green Energy building 1,300MW of hybrid renewable projects

first_img FacebookTwitterLinkedInEmailPrint分享ET Energyworld.com:Adani Green Energy, a renewable energy firm of the Adani Group, plans to complete 1,300 megawatt (MW) of hybrid projects by calendar year (CY) 2021, said its Chief Executive Officer Jayant Parimal in an analyst call on Monday.“We have signed 1,300 MW of hybrid projects, out of this, 600 MW was with Solar Energy Corporation of India at Rs 2.69 paise with a PLF requirement of 30 per cent. We had signed another 700 MW of hybrid project with BSES-AEML where the PLF requirement is 50 per cent at Rs 3.24 paise. We are trying to complete some portion by March 2021 and in any case the entire capacity by the end of CY21,” Parimal said.He added that these hybrid projects where they mix wind and solar were currently being executed in Gujarat and Rajasthan.Adani Green had won the 700-MW wind-solar hybrid project in January 2020 and had bagged the 600-MW projects in June 2019. Adani Green is building 1,280 MW of wind, 475 MW solar and 1,690 MW hybrid plants.The clean energy firm’s CEO told reporters that they also plan to spend up to Rs 10,000 crore [$1.3 billion] in the current financial year to build 1,100 MW-1,500 MW of wind and solar power plants and added that despite COVID-19 impact the company was able to maintain their operations.The firm has a current project portfolio of 6 GW including under-construction capacity.[Aarushi Koundal]More: Adani Green plans to complete 1,300 MW of hybrid projects by 2021 India’s Adani Green Energy building 1,300MW of hybrid renewable projectslast_img read more

Spanish consumer watchdog instructs coalition to replicate ‘UK credit ban’

first_img Related Articles Share UKGC launches fourth National Lottery licence competition August 28, 2020 Submit Winning Post: Swedish regulator pushes back on ‘Storebror’ approach to deposit limits August 24, 2020 StumbleUpon UKGC hails ‘delivered efficiencies’ of its revamped licence maintenance service  August 20, 2020 Share Spanish independent consumer watchdog FACUA ‘Consumidores en Acción’ (‘consumers in action’) has advised Podemos deputy Alberto Garzon to implement a ban on credit card wagering across all gambling verticals.Garzon is set to serve as Spain’s Minister of Consumer Affairs within the newly established PSOE-Podemos left-wing coalition government.Seeking closer scrutiny of Spain’s regulated gambling marketplace, PSOE-Podemos has transferred full regulatory oversight from the Finance Ministry to Garzon’s Consumer Affairs department.Issuing a statement, FACUA backs the coalition’s federal commitment to implementing Spain’s new Royal Decree on advertising, establishing a new federal code to regulate gambling marketing alongside further opening restrictions on retail gambling enterprises.However, FACUA recommends that the coalition follow its ‘positive steps’ by implementing a federal ban on credit wagering, further protecting Spain’s ‘vulnerable consumers from falling into debt’.FACUA advises Garzon’s department to follow the precedent set by the UKGC, replicating a ban on all credit card transactions across all gambling verticals except non-remote lotteries.“The association asks the government to follow the example of the United Kingdom, which has just approved this measure of protection for the most vulnerable people, that aims to minimise risks to consumers by preventing them from accumulating debts due to gambling, making it the only country in our region that restricts the use of credit cards in this industry,” it said.Gambling reform was underlined as a ‘concrete directive’ of PSOE and Podemos ‘coalition pact’, which detailed to media that a new Spanish government would introduce comprehensive monitoring of the gambling industry within a new regulatory framework.UK gambling legislation will be assessed by Spain’s new government, which has instructed the Consumer Affairs Department to consider introducing a ‘management fee or duty’ on Spanish online gambling incumbents to fund the nation’s addiction support networks.Despite inbound regulatory changes, Spanish online gambling incumbents have committed to work under the terms of the new ‘code of conduct’ established by trade body Jdigital, which introduces a number of new measures lowering the ‘industry’s advertising volume’.Spain’s online gambling sector states that it will implement its ‘auto control’ measures regardless of the coalition’s judgement.last_img read more