Page 5 - Energy

Juniper Green Energy secures $1 billion fund in phased debt financing

Renewable energy developer Juniper Green Energy on Monday said it has secured USD 1 billion in phased debt financing over the past few months from leading financial institutions. This strategic funding will support the growth and development of Juniper Green Energy and its subsidiaries, specifically for wind-solar hybrid and Firm & Dispatchable Renewable Energy (FDRE) projects. The company has successfully secured USD 1 billion in phased debt financing over the past few months from leading financial institutions, including Power Finance Corporation Limited (PFC), DBS Bank, HSBC Bank, and the Indian Renewable Energy Development Agency Limited (IREDA), Juniper Green Energy said in a statement. This fresh debt financing positions Juniper Green Energy to execute large-scale renewable projects, strengthen its operational capacity, and meet the rising demand for clean energy, it informed. Juniper Green operates a total capacity of 1.1 GWp. Recent developments include Juniper Green ...

Energy transition fund in crude oil sector unlikely to make return

Petroleum ministry had requested to reinstate the fund in Union Budget

From immigration to energy: Inside Donald Trump’s first executive orders

Donald Trump, sworn in as the 47th US President, signed a series of executive orders on his first day, reversing several Biden-era policies and pushing his agenda.

Donald Trump to declare national energy emergency, unlocking new powers

Trump vowed he would declare a national emergency on energy, saying it was needed to increase output and address burgeoning demand

Delhi's Bawana plant sparks protests, locals threaten to boycott polls

The proposed waste-to-energy plant in Bawana has taken centre stage ahead of the Delhi Assembly elections with the local residents raising environmental and health concerns and a section threatening to boycott the polls if the project proceeds. The plant has been planned on a 15-acre site near the Treatment, Storage, and Disposal Facility (TSDF) for hazardous waste in DSIDC Sector 5. Speaking to PTI, residents from over 15 nearby villages have claimed that the project will result in the destruction of trees, increased air and water pollution, and long-term health risks, including respiratory ailments as well as neurological disorders. They also argued that emissions from the waste-to-energy (WTE) plant, such as dioxins, furans, particulate matter (PM2.5 and PM10), and even heavy metals like mercury and lead, will not just worsen the air quality but also endanger public health. The toxic emissions from this plant will put our lives at risk. We're already struggling with pollution fr

Sterling Tools forays into manufacture of latching relays for energy sector

The company has partnered with Zhejiang Meishuo Electric Technology Co., China to locally manufacture latching relays for the energy sector, industrial grids, and other applications in India

Testing of energy storage systems needed for transition: NITI Aayog member

India must establish nationally accredited testing facilities for battery energy storage systems to support its ambitious clean energy transition goal, suggested NITI Aayog member V K Saraswat on Thursday. According to a statement, speaking at FICCI's Energy Storage Conference 2024, he highlighted the significant gap in testing and certification infrastructure as India aims to deploy over 238 gigawatt hours of battery storage capacity by 2030 to balance its expanding renewable energy network. He called for authorising third-party testing and certification till the time the government sets up storage certification agencies. Saraswat underlined that India requires a universal standard for all types of energy storage systems. While the Bureau of Indian Standards has developed 17 specifications for energy storage systems, with more under development, he pointed out, the country lacks adequate facilities to verify compliance with these standards. He also underscored that coal will have

Targets unchanged a year after deal on tripling renewables by 2030: Report

A year after countries agreed to triple global renewable energy capacity to 11,000 gigawatts by 2030, a new report on Tuesday revealed that national targets still only aim for a collective doubling of capacity in the next six years. The report by global energy think tank Ember showed only eight countries have updated their renewable targets in the last 12 months, resulting in just a four-GW increase in overall renewable energy targets globally. The report analysed national 2030 renewable capacity targets for 96 countries and the EU as a bloc. These countries collectively account for 96 per cent of the world's renewable capacity, 95 per cent of global electricity sector demand and 94 per cent of global power sector emissions. Of the 96 countries, 83 have renewable capacity targets for 2030. At the UN's climate conference in December 2023 in Dubai, world leaders reached a historic agreement to triple global renewables capacity by 2030. The International Energy Agency (IEA) and ...

China's energy dominance gets boost from Trump's return to White House

China is responsible for nearly a third of the world's carbon footprint, about 2.5 times the US figure

Amit Shah inaugurates Gujarat's largest waste-to-energy plant in Ahmedabad

This significant Waste-to-Energy Plant, developed at Piplaj in collaboration with Jindal Urban Waste Management Limited, will process 1,000 metric tons of waste daily

Spanish President affirms aid for India's energy security, green transition

Spanish President Pedro Sanchez on Tuesday affirmed Madrid's commitment to help New Delhi enhance its energy security and green transition. He also said that the country is eager to advance negotiations for a free trade agreement (FTA) between India and the European Union. Addressing a business meeting in India's financial capital, the President of EU's fourth-largest economy spoke strongly for greater partnerships on the digitalization front between India and Spain, and also bought a Ganesh idol using the Unified Payment Interface (UPI) at a merchant here. "We will be eager to advance the negotiations on an EU-India FTA. It is something essential to build up our position in the world economy for our two markets to grow both in size and diversity," Sanchez, who is on a three-day visit to India, said. He said India and the 27-member bloc need to develop "ambitious proposals" for the agreement, negotiations for which were relaunched in 2022 after a nine-year hiatus. "I am confident

India to launch coal exchange soon: Coal minister G Kishan Reddy

"Last week we took a briefing on setting up coal exchange," Minister added but didn't disclose the exact timing on when the exchange will come up

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

How Pak Army 'coerced' five power companies to end contracts prematurely

Prime Minister Shehbaz Sharif's office stated that the companies had 'voluntarily agreed' to prioritise national interest over their business concerns

Indore on a 100-day mission to become world's first energy-literate city

The Indore Municipal Corporation is partnering with the Energy Swaraj Foundation to educate and empower residents to adopt more sustainable practices over the campaign's duration

Daewoo targets Rs 500 cr revenue by FY27, plans to launch over 100 products

Korean brand Daewoo on Tuesday said it has set the target of achieving a revenue of Rs 500 crore by FY27 from India business and plans to launch over 100 products across multiple categories. Besides, the company is also looking to launch its own branded stores across the country, and aims to open 130 outlets by 2025-2026, it said. Daewoo, which re-entered the Indian market in October last year, has a diverse portfolio ranging from power and energy products such as batteries, solar panels, and inverters to consumer electronics items, including LED TVs and kitchen appliances. According to the company, the consumer durables market in India presents a substantial growth opportunity, as penetration levels remain relatively low with only 18 per cent of households owning air-conditioners and 33 per cent refrigerators while the washing machine ownership stands at 80 per cent. Daewoo aims to fill this gap with innovative, high-quality products that align with the changing lifestyle needs of

Maharashtra to source 50% of energy from non-traditional sources: Fadnavis

Maharashtra Deputy Chief Minister Devendra Fadnavis on Monday said that by 2030, Maharashtra will become the first state in the country to produce 50 per cent of its energy requirements from non-traditional power sources. Fadnavis, who is also the state's energy minister, was speaking at the foundation stone laying ceremony of Avaada Electro Pvt Ltd's integrated solar ingot - wafer, cell, module and electrolyzer manufacturing facility in Nagpur MIDC (Maharashtra Industrial Development Corporation). A lot of changes are taking place in Maharashtra in the field of solar energy sector, he said. In just two-and-a-half years, the Maharashtra government has approved 20,000 megawatt of solar projects in the state, the former chief minister said. In all these years since independence, the state has the capacity for 40,000 MW of solar energy, he noted. However, now in just one year, the capacity of solar pump storage project is 55,000 MW. Similarly, the capacity of wind and solar projects

Can't confirm report on nationalisation of energy companies: Kremlin

Russian authorities have repeatedly said they have no plans to de-privatise large companies, including oil and gas producers

Acceptability of new energy vehicles set to soar by end of decade: Survey

Majority of new car buyers, who participated in a study, were ready to accept new energy vehicles (NEV) as the only option when considering a purchase by 2030, according to a survey. The buyers would be willing to pay a premium of up to 49 per cent for an electric vehicle above the cost of a comparable petrol/diesel vehicle, a survey from Urban Science and The Harris Poll has revealed. Around 83 per cent of the 1,000 prospective Indian buyers covered in the global survey said they will consider buying an NEV by the end of this decade. The survey conducted online by The Harris Poll on behalf of Urban Science received inputs from various markets including India, the US, Australia, China and Germany. The survey stated that the positive outlook for NEVs in India is being fuelled by the rapid expansion of public EV charging network, with a noticeable presence in major cities and emerging in tier-2 cities. There are currently over 6,000 charging stations available in India across major

India draws strength from cooperation with US on sustainable energy: Puri

The Union Minister put forward his expectations that several MoUs will be signed between India and the US during his visit