Page 9 - Clean Energy

Investments in green energy now 70% higher than in fossil fuels: IEA

The Paris-based agency said that the war in Ukraine has accelerated momentum behind the deployment of clean energy technologies

Solar power investment set to surpass oil production spending this year

The growth in clean energy spending is driven by technologies including solar panels and electric vehicles that are key to cutting dependence on the use of oil, coal and natural gas

NTPC Green Energy ties up with HPCL Mittal Energy for green hydrogen

State-owned power giant NTPC's arm NTPC Green Energy Ltd and HPCL Mittal Energy Ltd have signed a pact to collaborate in renewable energy and generation of green hydrogen. The two companies envisage to collaborate in the field of Renewable Energy (RE) through sourcing of 250 MW RE-RTC (Round-The-Clock) power to meet the requirement of HPCL Mittal Energy Ltd, and also exploring opportunities in the green hydrogen business & its derivatives (Green Ammonia & Green Methanol). "In order to realise green energy and green hydrogen objectives and the Government of India's efforts towards energy transition, a Memorandum of Understanding (MoU) signed between NTPC Green Energy Ltd (NGEL) and HPCL Mittal Energy Ltd (HMEL) on 19th May 2023," NTPC said in a statement on Friday. The MoU was signed by V V Sivakumar, General Manager at NGEL, and Girish Ghildiyal, General Manager at HMEL. NTPC is India's largest power utility firm, having a core business of power generation with a total ...

India taking various measures to encourage energy transition: BEE DG

As part of its net zero commitments, India is taking various measures to encourage energy transition for industries in the domestic market as well as at the global level, a senior government official has said. Abhay Bakre, Director General (DG) of Bureau of Energy Efficiency (BEE), further said that various forward-looking measures are slated to be discussed at the upcoming meets of the Energy Transitions Working Group (ETWG). BEE, under the ministry of power, promotes the use of energy-efficient processes, equipment, devices and systems. It takes various steps to encourage preferential treatment for the use of energy-efficient equipment or appliances. The meetings to be held under India's G20 presidency will focus on "accelerating energy transition in hard-to-abate sectors, need for expanding markets for low carbon industrial products through standards for green materials, and development of a common mission on energy efficiency that elevates, supports and invests with a particular

India to triple renewable projects auctions as 2030 green target looms

The nation is accelerating project installations to hit a goal to have 500 gigawatts of clean energy generation capacity in 2030

Why RIL investors are still unconvinced of Mukesh Ambani's hydrogen foray

Mukesh Ambani's new-energy ambition is even more complex than his telecom foray, which triggered a long period of debt-fueled expansion

Indian Rare-Earths eyes 400% expansion for clean energy transition

State-owned IREL (India) Ltd. aims to mine 50 million tonnes a year of rare-earths bearing ore by end-2032, up from 10 million tonnes now

Clean energy infrastructure may be included in harmonized master list

Small-sized projects below 500 megawatt are not offered anymore in the tenders by central government agencies

Netherland's firm keen to invest in Punjab's renewable energy sectors

Inviting the NexusNovus to invest in Punjab, the minister informed that Punjab is predominantly an agrarian state and over 20 million tonne paddy straw is being produced every year

India plans green hydrogen incentives of at least 10% of cost: Report

According to the report, the government will give incentives worth at least 30 Indian rupees per kg for production of green hydrogen fuel

Joe Biden's landmark climate Bill lures China's clean energy giants

The building boom underscores how the US has rebuilt its credentials as a cleantech manufacturing hub after last year's Inflation Reduction Act.

Petronas clean energy arm sees India, Australia as key market for growth

The state-owned company has said it would allocate 20% of its overall capital expenditure for decarbonisation projects and cleaner energy solutions from 2023 to 2026

Karnataka, Gujarat make most progress in clean energy transition: Report

The report analyses 16 Indian states, which together account for 90 per cent of the country's annual power requirement, across four dimensions

Chinese EV maker showcases world's first car powered by sodium-ion battery

Chinese EV maker JAC has showcased the world's first electric vehicle (EV) that is powered by a cheaper sodium-ion battery which could help reduce the cost of future EVs by 10 per cent

NHLML, Jodhpur Discom to set up 11 solar power plants on expressways

The National Highways Logistics Management Limited (NHLML) and Jodhpur Discom have signed an agreement to set up 11 solar power plants at six places in a section of the Amritsar-Bhatinda-Jamnagar Expressway passing through Rajasthan. A Memorandum of Understanding (MoU) has been signed between both the parties during a meeting held under the chairmanship of Chief Secretary Usha Sharma here on Wednesday, according to a statement. Under this, 11 solar power plants will be developed on the Amritsar-Bhatinda-Jamnagar Expressway at a total of six places in three districts -- Hanumangarh, Bikaner and Jodhpur -- of the state. These power plants with a total capacity of 27.43 MW will be set up under Saur Krishi Aajeevika Yojana (PM Kusum). These plants will come up at Kolha village in Hanumangarh district, Malkisar-Gopalyan road, Naurangdesar and Rasisar villages in Bikaner district and Bhikamkor village in Jodhpur district and will cover 8 substations. The Ministry of Road Transport and ..

India calls for greater cooperation with France in clean energy field

India has called for greater cooperation with France in the field of clean energy and highlighted Delhi's plans for green transitioning to EVs and hydrogen energy.

UAE willing to contribute to India's 500GW clean energy goal: Al Jaber

The UAE will explore all opportunities of partnership with India to contribute to New Delhi's high-growth-low-carbon pathway, Sultan Al Jaber, the COP28 president-designate, said on Wednesday. He also said the goal of limiting the global temperature increase to 1.5 degrees Celsius above pre-industrial level is "just non-negotiable". Al Jaber said India is on its way to becoming the third largest economy in the world and this makes it one of the largest consumers of energy. As such, India's sustainable development is critical not just for itself but for the whole world. "India's goal of adding 500 gigawatt of clean energy in next seven years is a true and a powerful statement of intent. As one of the largest investors in renewable energy, the UAE and Masdar (renewable energy investing firm) will explore all opportunities of partnership with India to contribute to its high-growth-low-carbon pathway," he said. "Keeping the goal of 1.5 (degrees Celsius) alive is just non-negotiable. An

ACME, Japan's IHI Corporation tie up for business in green hydrogen

Clean energy firm ACME Group and Japan's heavy-industry manufacturer IHI Corporation have collaborated to explore business opportunities of green hydrogen. The intent of this Memorandum of Understanding (MoU) is to jointly study and evaluate potential projects with respect to collaboration opportunities across the green hydrogen and ammonia value chain, including production, handling, transportation, distribution, and power generation, a statement said. The MoU allows IHI to participate as an investor or take offtake (buy output) in one or more projects of ACME in Oman, India, the US or Egypt, it stated. Both the companies will also explore opportunities to jointly offer a complete integrated solution to customers, from green ammonia supply, bunkering and products or solutions for various applications. Set up in 2003, ACME Group is a pioneer in cleantech sectors such as solar, green hydrogen & ammonia and sustainable green protein development. The company is one of the leading ...

We will import energy models of the UK to India: Hero Future Energies CMD

HFE aims at conservative growth; favours quashing of reverse bidding in solar energy

Indonesian govt promises move to clean energy, but challenges remain

In Indonesia's region of East Kalimantan, the country's dependence on coal is on full display. Driving on the region's toll road, passersby can watch excavators digging coal from shallow pits as trucks filled with the carbon-rich rocks rush by. Under a bridge in Samarinda, the region's capital, hundreds of mammoth, jet-black mountains of coal sit in barges being pulled along the waterway, headed to plants across Indonesia or other countries. They're sights that Indonesia has pledged to phase out or at least drastically reduce by agreeing to some five schemes with international stakeholders, including the largest-signed USD 20 billion Just Energy Transition Partnership deal. While the deals aim to turn one of the largest coal-producing countries toward its vast greener energy sources, experts warn that financial, policy, infrastructure and other challenges need to be overcome. Indonesia's energy transition is "very unique" because of high economic growth, geography, population ...