Page 5 - Clean Energy

Skills shortage hampers India's clean energy goals and manufacturing plans

Modi's government has imposed 40 per cent tariffs on Chinese solar panels and 25 per cent on cells, allocating about $3 billion in production-linked incentives for local manufacturers as part

Tata Power inks deal with Bhutan's firm for 5,000 MW clean energy projects

Tata Power on Tuesday said it has entered into a strategic partnership with Bhutan's Druk Green Power Corporation Ltd (DGPC) for the development of 5,000 MW of clean energy capacity in the Himalayan nation. DGPC, is a subsidiary of Druk Holding and Investments Ltd, the sole generation utility of Bhutan. The collaboration marks the largest partnership between two of the leading power companies of the two nations in Asia's clean energy sector, Tata Power said in a statement. Through the collaboration, at least 5,000 MW of renewable energy projects; including 4,500 MW of hydropower comprising the 1,125 MW Dorjilung HEP (hydro-electric project); 740 MW Gongri Reservoir; 1,800 MW Jeri Pumped Storage; and 364 MW Chamkharchhu IV will be developed in phases, the statement said. Another 500 MW of solar projects will be developed by Tata Power Renewable Energy Ltd (TPREL), a subsidiary of Tata Power. "Tata Power's partnership with Druk Green Power Corporation reinforces our credentials as t

Biden pledges $50 mn to Amazon Fund, vows irreversible US energy progress

Joe Biden witnessed the devastation of drought up close as the first sitting American president to visit the Amazon rainforest on Sunday, declaring that nobody can reverse "the clean energy revolution that's underway in America" even as the incoming Trump administration is poised to scale back efforts to combat climate change. The massive Amazon region, which is about the size of Australia, stores huge amounts of the world's carbon dioxide, a greenhouse gas driving climate change. But development is rapidly depleting the world's largest tropical rainforest, and rivers are drying up. Biden said the fight against climate change has been a defining cause of his presidency -- he's pushed for cleaner air, water and energy, including legislation that marked the most substantial federal investment in history to fight global warming. But he's about to hand the nation over to Republican President-elect Donald Trump, who is highly unlikely to prioritise the Amazon or anything related to clima

Clean energy job growth outpaces fossil fuel sector in India: Report

Energy jobs in India accounted for 1.5% of total employment in India at 8.5 million in 2023

Govt mulling task force to push for 500 GW renewable energy capacity target

Union Minister Pralhad Joshi has proposed formation of a task force in consultation with the Ministry of Power to push efforts to meet India's ambitious target of having 500 GW renewable energy capacity by 2030. The minister for new and renewable energy has also urged industry players and stakeholders to devise strategies which would help the country meet the target in a time-bound manner. Speaking at an event in Bhubaneswar, the minister proposed the formation of a task force, in consultation with the Ministry of Power, to align the efforts of all stakeholders towards meeting the 500 GW target, the ministry for new and renewable energy (MNRE) said in a statement on Thursday. India has already achieved 212 GW of energy from non-fossil fuel sources and is on track to exceed the 2030 target, he said. The minister stressed the importance of concerted, collaborative efforts among all stakeholders to overcome challenges and expedite progress in the renewable energy sector. Joshi furthe

No reason to scale back our domestic targets, says CEEW's Arunabha Ghosh

Expectations from this year's COP are clear on issues, whether we have a ministerial presence or not, Arunabha Ghosh, CEO of Council for Energy Environment and Water, said in his interview

Ecozen plans to raise $75 mn to fuel growth, increase market presence

Solar solutions provider Ecozen is planning to raise USD 75 million (about Rs 620 crore) to fuel its expansion plan in the domestic and international markets, a company official said. Pune-based Ecozen provides cold storage solutions using clean energy. "We are considering raising a private investment of around USD 75 million to fuel growth, partnerships, and customer financing," Ecozen CEO Devendra Gupta said. The amount raised will be used to expand the company's production facility, enhance product lines, and increase market presence in India and abroad, he said. Gupta said Ecozen has a production facility of 1 lakh sq ft and the company is exploring to diversify into new product ranges across different sectors. "In retail, we've launched advanced freezer solutions, and in the mobility sector, we are leveraging our expertise in motor controllers and battery analytics tools to enhance electric vehicle efficiency and support fleet management. We are also exploring retrofitting ..

Cairn Oil & Gas India's first firm to join UN's methane cut initiative

The Oil & Gas Methane Partnership (OGMP) 2.0 supports 30% reduction in methane emissions by 2030

India to enhance power demand forecasting for improved grid stability

Changing power usage patterns, rising use of intermittent solar and wind energy and increasingly frequent extreme weather events have complicated demand forecasting, requiring systemic reforms

Tata Steel UK inks contract for electric furnace in green steelmaking drive

Tata Steel said it has signed a contract with an Italy-headquartered metals technology multinational to deliver a state-of-the-art electric arc furnace (EAF) as part of its green steelmaking drive in the UK. The Indian steel major's pact last week with Tenova for its Port Talbot site in Wales, the UK's largest steelworks, has been described as a significant milestone on the road to reducing carbon emissions by 90 per cent a year once it is commissioned from the end of 2027. Under the agreement, Tenova is to supply an EAF with an annual capacity of 3 million tonnes of steel similar to the output of the site's blast furnaces decommissioned recently by melting scrap steel sourced from the UK. "This partnership follows in the footsteps of an improved deal between the government and Tata Steel, and is further proof of our commitment to a bright future for UK steelmaking," said UK Business and Trade Secretary Jonathan Reynolds. "Technology like the furnaces made by Tenova is critical t

Tata Power firm launches programme to promote solar power in Tamil Nadu

Initiative provides subsidies to households to adopt green energy, says company

L&T partners with US firm to provide clean energy solutions globally

Larsen & Toubro (L&T) on Friday said it has entered into a pact with US-based Clean Core Thorium Energy (CCTE) for providing efficient solutions in clean energy globally. The partnership aims to accelerate nuclear power deployment globally, particularly in developing countries which require large amount of carbon-free electricity for their growth. "Larsen & Toubro...announced the signing of a Memorandum of Understanding (MoU) to collaborate on providing efficient solutions globally in clean energy through CCTE's patented ANEEL (Advanced Nuclear Energy for Enriched Life) fuel," the company said in a filing to BSE. ANEEL is a nuclear fuel that combines thorium and high assay low-enriched uranium. It's designed to be used in pressurized heavy water reactors, such as CANDU (Canadian deuterium-uranium) reactors. This fuel is expected to significantly reduce life-cycle operating costs and the waste produced (by over 85 per cent while improving safety due to its Accident Tolerant

Andhra eyes Rs 10 trn investment in clean energy for net zero by 2047

Andhra Pradesh is eyeing Rs 10 lakh crore investment in the clean energy sector in the state as it unveiled a new policy that incentivises investments across solar, wind and round-the-clock renewable energy projects to achieve net zero carbon emissions by 2047. Andhra Pradesh chief minister N Chandrababu Naidu unveiled the AP Integrated Clean Energy (ICE) Policy that envisages incentives ranging from hassle-free land acquisition at reasonable price to power subsidy to certain sectors. The ICE Policy will involve a proposed investment outlay of Rs 10 lakh crore, creating direct and indirect employment for 7,50,000 workers, the policy document said. The policy looks to leverage the state's vast renewable energy potential across wind, solar and hybrid sources, storage capabilities through pumped storage projects, a long coastline, six operational ports (with four under development) and skilled manpower availability as it pivots energy transition. The Andhra Pradesh government is ...

'Age of electricity' to follow looming fossil fuel peak, says IEA

Surplus fossil fuel supplies would likely lead to lower prices and could enable countries to dedicate more resources to clean energy, moving the world into an age of electricity, they said

India emerging as clean energy superpower, delivering beyond expectations

By 2026, the country will be able to assembly 172 GW of panels per year, according to Mercom India Research, a renewables consultancy

Should aim to become clean energy exporter by 2030: Former NITI CEO Kant

India should aim for 750 gigawatts of renewable energy capacity and become a clean energy exporter by 2030, former NITI Aayog CEO Amitabh Kant said on Monday. At a roundtable discussion here, Kant said that there is no shortage of global funds for clean energy, but India needs to establish strong financial systems, such as escrow accounts, to attract private investments for renewable projects. He emphasized that it is "very important that India is able to drive its own agenda" amid multiple global crises, including the Russia-Ukraine war, West Asia conflicts, and trade barriers from countries like the US and Europe, which are affecting free trade and renewable energy prices. "And the Indian agenda must be very clear -- we are an importer of fossil fuels worth USD 180 billion, and our goal must be to become an exporter of clean energy... Our objective must be to surpass 500 gigawatts and reach 750 gigawatts of renewable energy," Kant said. India has committed to achieving 500 GW of

India, Germany to improve cooperation in clean energy, mobility sectors

Ahead of German Chancellor Olaf Scholz's visit to India, New Delhi and Berlin have decided to shore up cooperation in the areas of renewable energy, urban development, agroecology and mobility. Ways to expand engagement in these key areas figured prominently at the development policy negotiations led by India's Department for Economic Affairs and Germany's Federal Ministry for Economic Cooperation and Development, German officials said on Saturday. Both sides agreed to continue their cooperation in the areas of renewable energy, urban development, mobility and agroecology in the coming years, they said. The Indo-German cooperation is strategically guided by the "Partnership for Green and Sustainable Development", which was established in 2022 following talks between Prime Minister Narendra Modi and Scholz. The German chancellor is scheduled to visit India next month. "Germany and India share a long-standing, trusting and strategic partnership," said Barbara Schafer, the head of th

OIL to invest Rs 25,000 cr in clean energy for net zero emissions by 2040

State-owned Oil India Ltd plans to invest Rs 25,000 crore in clean energy projects to help achieve the net zero carbon emission goal by 2040, its chairman Ranjit Rath said on Saturday. OIL's net zero plan includes a combination of cutting down the flaring of gas and commercialisation of stranded gas as well as setting up renewable electricity generation capacity, building green hydrogen plants and constructing biogas and ethanol plants. The net zero plans will go alongside its target to raise crude oil and natural gas production to 9 million tonnes of oil and oil equivalent gas by 2025-26 from 6.5 million tonnes produced in the fiscal year ended March 31, 2024, he told reporters here. The company also plans to lay an 80-kilometer pipeline to bring natural gas from fields in Arunachal Pradesh to Assam to help replace polluting liquid fuels in transport as well as industries. "Achieving a net zero target involves a bouquet of activities," he said. It already has firmed up plans for

Circularity of critical minerals for India's clean energy transition

The clean energy sector offers significant opportunities for the Indian economy

ISA partners with MIGA to fund Solar Energy projects in Sub-Saharan Africa

MIGA and ISA will work together to launch solar power and distributed energy projects in eligible developing countries