Page 2 - Clean Energy Development

Tata Power planning to raise $1 bn loan for clean energy projects

India aims to nearly triple its green power capacity by the end of the decade and firms including Tata Power, Adani Green Energy Ltd. and Reliance Industries Ltd. are ramping up such efforts

Hyderabad-based Greenko signs green ammonia supply pact with Norway's Yara

Greenko will supply green ammonia from Phase 1 of its ammonia production facility in Kakinada, India

Karnataka, Gujarat continue to lead country's clean energy transition race

Karnataka and Gujarat continue to lead the race to clean energy transition, but states like Jharkhand, Bihar, West Bengal and Uttar Pradesh need to step up efforts, according to a new report released on Tuesday. The joint report by research organisation, Institute for Energy Economics and Financial Analysis (IEEFA), and clean energy think tank Ember evaluates the clean electricity transition preparedness at the sub-national level. The report's authors said Karnataka and Gujarat continue their strong performance across dimensions, effectively integrating renewable energy sources into their power sectors, making strong strides in decarbonisation. But states like Jharkhand, Bihar, West Bengal and Uttar Pradesh need to improve. While these states are in the early stages of their transition, they now need to focus on increasing renewable energy deployment, enhancing short term market participation and strengthening their distribution companies. The report launch coincides with a spell o

Fossil fuel-based energy also essential for India: President Murmu

President Droupadi Murmu on Thursday said the dependence on fossil fuels is definitely decreasing, but fossil fuel-based energy is also essential for India. India has always worked as a responsible country in the field of clean energy, Murmu said, addressing the National Energy Conservation Awards 2023 function here. "But we have also been making it clear from time to time that the dependence on fossil fuel is definitely decreasing but fossil fuel-based energy is also essential in our country," she stated. India is promoting clean coal technologies so that the processes of coal extraction and use become more efficient and environment friendly, she noted. It is the result of our commitment towards the environment that India has moved from 30th to 7th place in the ranking of the Climate Change Performance Index in a period of ten years, she said. The President opined that the health and happiness of all of us lie in the conservation and good health of nature. "If we make optimal ..

French nuclear operator EDF ties up with Canadian, Czech, Indian firms

EDF concluded a cooperation agreement with BHEL to "maximize the local content" of a proposed project to build six EPR reactors in Jaitapur

Centre announces phased introduction of biogas blending for domestic use

The mandatory phased introduction will start at 1% for use in automobiles and households from April 2025, it said. The share of mandatory blending will then be increased to around 5% by 2028

Opec+ ambitions for India oil market clash with clean energy goals

India's dependence on imported oil has only grown in the past decade to over 85 per cent of its needs

Clean energy overtakes fossil fuels in global job market: IEA report

Clean energy sectors added 4.7 million jobs globally, while fossil fuel jobs recovered more slowly after layoffs in 2020

Waaree Energies partners with NTPC for 135 MW solar module supply

Waaree Energies Ltd on Wednesday said it has partnered with NTPC to supply over 135 MW of solar PV modules. The photovoltaic modules will be utilized by NTPC for a solar power project in Baran district of Rajasthan. The order is expected to be completed within a span of 4 months, Waaree Energies said in a statement. "Such projects provide us with a splendid opportunity to further that objective, through the provision of our state-of-the-art solar PV modules, Hitesh Doshi, Chairman & Managing Director, Waaree Group said. With a capacity of 12 GW, Waaree Energies is India's largest solar module manufacturer. The company has presence in multiple locations in India and worldwide. NTPC, under Ministry of Power, is India's largest power generating entity.

High noon for clean power

Companies are buying green energy like never before, with India setting new records

Biden awards $7 bn for clean hydrogen hubs to replace fossil fuels in US

Clean-energy projects in seven states from Pennsylvania to California have been selected by the Biden administration for a USD 7 billion program to kickstart development and production of hydrogen fuel, a key component of President Joe Biden's agenda to slow climate change. His goal is to establish seven regional hydrogen hubs to help replace fossil fuels such as coal and oil with cleaner-burning hydrogen as an energy source for vehicles, manufacturing and generating electricity. Biden is expected to make the official announcement during an economic-themed visit to Philadelphia on Friday. The White House calls clean hydrogen essential to achieving the president's vision of a strong clean energy economy" and net-zero greenhouse gas emissions in the US by 2050. As a clean fuel, hydrogen complements the role played by other clean energy sources, like wind and solar, to help the US reduce emissions in energy-intensive sectors of the economy: steel and cement production, heavy-duty ...

Govt exempts LPG imports from agriculture cess effective September 1

The government has exempted imports of LPG, liquified propane and liquified butane from 15 per cent agri cess with effect from Friday. The government had in July imposed a 15 per cent agri cess on imports of these goods. The Finance Ministry in a notification said that imports of LPG, liquified propane and liquified butane have been fully exempted from Agriculture Infrastructure Development cess (AIDC) effective September 1.

Game-changing moves in green economy

Of the $2.8 trillion expected to be invested globally in energy this year, clean technologies will likely absorb more than $1.7 trillion

Budget 2023: Experts expect a boost to decarbonisation, energy transition

Issues that need to be addressed include expanding funding for renewable manufacturing, extending PLI to wind and green hydrogen, among others

Goal set for up to Rs 50,000-crore green investments in Uttar Pradesh

The state has set a target to generate 22,000 megawatt (Mw) of solar power over the next five years

Multi-pronged policy support gives green signal to renewable energy: CRISIL

Currently, non-fossil or clean sources make up around 25 per cent of energy and 40 per cent of the installed power base in the country

Trends show coal is here to stay despite India's renewable energy goals

Coal is dirty -- it makes up for 40 per cent of carbon dioxide emissions from fossil fuels, its mining wreaks havoc on the environment and burning it produces pollutants like mercury which are linked to acid rain and particulate matter that causes respiratory illnesses. But the war in Ukraine has caused a mini-energy crisis globally, pushing its use to record levels this year. And India, the world's third largest energy consumer, was at the forefront of the global rise in coal usage as it fell back on the easiest available fossil fuel in the face of a surge in oil and gas prices that threatened to derail the economic recovery from the pandemic. The trends of coal consumption and production this year indicate that the dirty fuel is here to stay despite the nation's ambitious target of meeting 50 per cent of energy requirements from renewable energy and non-fossil fuel capacity of 500 GW by 2030. India's coal consumption has doubled since 2007 at an annual growth rate of 6 per cent an

India unveils Rs 2.2 trillion plan to upgrade grid for clean power

The project will connect solar plants in the sun-drenched deserts of Rajasthan and Gujarat and wind farms in Tamil Nadu to the national network

India-G7 JETP stuck over coal, Centre's insistence on own transition plan

RE, tech transfer & green jobs on India's agenda, Germany & the US to co-lead the negotiations

Global crises can speed up transition towards clean energy: Report

Spiralling energy costs caused by various economic factors and the Ukraine war could be a turning point toward cleaner energy, the International Energy Agency said in a report Thursday. The Paris-based organisation found the global demand for fossil fuels, including coal, oil, and natural gas, is set to peak or plateau in the next few decades. The report looked at scenarios based on current policies and said that coal use will fall back within the next few years, natural gas demand will reach a plateau by the end of the decade and rising sales of electric vehicles mean that the need for oil will level off in the mid-2030s before ebbing slightly by mid-century. Total emissions are currently going up each year, but slowly. "Energy markets and policies have changed as a result of Russia's invasion of Ukraine, not just for the time being, but for decades to come, said the IEA's executive director Fatih Birol. A surge in demand following COVID-19 pandemic restrictions lifting and ...