Page 13 - Green Energy

Centre gets bids for green hydrogen, electrolyser production incentives

In July, India invited pilot bids under its $2 billion programme to incentivise production of green hydrogen and manufacturing of electrolysers

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 ..

Average power purchase cost increases by 71 paise per unit during FY22-23

Average power purchase cost increased by 71 paise per unit during FY22-23 due to a rise in various overheads like transmission and distribution rates, Parliament was informed on Thursday. On the rise in power cost due to increased use of imported coal, Union Power Minister RK Singh, in a written reply to the Lok Sabha, said, "Average power purchase cost increased by 71 paise only between FY22 and FY23. This is because of increase in various costs including an increase in transmission and distribution costs". The minister explained that with the rise in electricity demand from July 2021 onwards, the consumption of coal in thermal power plants increased. The supply of domestic coal on a daily basis was less than consumption, which resulted in the depletion of coal stock and stocks at plants came down from 28.7 million tonnes (MT) as of June 30, 2021, to about 8.1 million tonnes (MT) as of September 30, 2021, he added. Therefore, in December 2021, the Ministry of Power advised state

Ontario Teachers' to acquire 30% stake in Mahindra Susten for Rs 2,371 cr

The companies will also establish an Infrastructure Investment Trust (InvIT) comprising renewable power assets of Mahindra Susten with an operation capacity of 1.54 GWp

Adani Green Energy announces incorporation of step-down subsidiaries

Earlier this month. Adani Green also announced that it has sealed its largest project financing of a $1.36 billion senior debt facility

Adani Group to invest $100 billion in the next decade for energy transition

The company said Adani portfolio businesses have an active strategy to decarbonise, pledge to plant 100 million trees by 2030, and undertake innovative pilot projects

Rs 11 lakh spent under Green Hydrogen Mission so far in FY24: Govt

The government has incurred an expenditure of Rs 11 lakh under the National Green Hydrogen Mission to date against the revised estimates of Rs 100 crore for 2023-24, Parliament was informed on Tuesday. The Ministry of New & Renewable is implementing the National Green Hydrogen Mission, approved by the Union Cabinet on January 4, 2023, with an outlay of Rs 19,744 crore from 2023-24 to 2029-30, Union Power and New & Renewable Energy Minister R K Singh said in a written reply to the Rajya Sabha. The overarching objective of the Mission is to make India a Global Hub for the production, usage and export of Green Hydrogen and its derivatives. Revised estimates for the Mission for 2022-23 were Rs 1,00,000 and there was no expenditure in 2022-23, he stated. Revised estimates for the Mission for FY 2023-24 are Rs 100 crore and expenditure is Rs 11 lakh to date, the minister told the House. The expected outcomes of the Mission, by 2030, are that India's Green Hydrogen production ...

Sugar companies, govt eye truce on ethanol ban from sugarcane juice

No rollback of December 7 order; firms call for one-time waiver

Refined copper demand likely to grow 11% in FY24 on infra boost: ICRA

India's refined copper demand is likely to grow 11 per cent in the current financial year on the back of the government's thrust on infrastructure development and a gradual transition to green energy, ICRA said on Monday. The rating agency further said it expects a stable outlook for the country's domestic sector. "ICRA projects copper prices to remain range-bound at current levels of 8,2008,300/tonne in the near term," it said in a statement. It further said that the allocation of Rs 10 lakh crore for capital spending in the last Union Budget, coupled with ambitious targets set under the National Infrastructure Pipeline (NIP), is likely to drive copper consumption in the medium term. In addition, in the real estate sector, significant incremental supply growth of 30 per cent in the top six Indian office space markets and 10 per cent growth in retail mall space is likely in FY'24, which is likely to spur copper wire demand. Significant emphasis by the government on the smart city

Submit bids for green hydrogen, electrolyser mfg projects by Dec 12: Govt

The last date to submit bids for green hydrogen and electrolyser manufacturing projects under the government's SIGHT Scheme ends on December 12, Parliament was informed on Thursday. In January 2023, the Union Cabinet approved the National Green Hydrogen Mission (NGHM) with an outlay of Rs 19,744 crore with an aim to make India a global hub for manufacturing this clean source of energy. The mission is expected to lead to development of 5 Million Metric Tons per annum of green hydrogen production capacity by 2030, New and Renewable Energy Minister R K Singh said in Lok Sabha. "Request for selection (RfS) has also been issued for selection of green hydrogen producers for setting up production facilities of 4,50,000 tonnes for green hydrogen in India under the Strategic Interventions for Green Hydrogen Transition (SIGHT) Scheme (Mode-1-Tranche-I) on July 10, 2023. Last date for submission of bids is December 12, 2023," he said. Singh further said that December 12, is also the last date

Draft text at COP28 shows negotiators considering fossil fuel 'phase out'

The first option in the draft text was listed as "an orderly and just phase out of fossil fuels". The second called for "accelerating efforts towards phasing out unabated fossil fuels

India joins Battery Energy Storage Systems Consortium for RE integration

As part of this collaborative effort, India stands among the pioneering nations committed to securing 5 gigawatts (GW) of BESS commitments by the conclusion of 2024

RIL, Adani, JSW group, L&T enter race for green H2 and electrolyser

Most of the companies participating in the SECI tenders have already chalked out plans for the green hydrogen business and would use this tender as an initial plank

Sterlite Power wins 8 GW green energy transmission project in Rajasthan

Sterlite Power on Thursday said it has bagged a transmission project, which will aid evacuation of 8 GW renewable energy to Rajasthan, Haryana and Uttar Pradesh. The company has secured the order for Rajasthan REZ Ph-IV (Part-1-Bikaner Complex): Part-B Transmission project, a company statement said. "Transmission today underpins India's energy transition success. We are happy to win this critical project that will allow around 8000 MW of renewable energy to flow from RE (renewable energy) rich Bikaner to load centres in Rajasthan, Haryana and Uttar Pradesh," said Pratik Agarwal, Managing Director, Sterlite Power. With this order win, Sterlite Power has secured its third Green Energy Corridor (GEC) project in Rajasthan. Sterlite Power will be building this project on a BOOT (Build, Own, Operate, Transfer) basis, for a period of 35 years. The project was bid out through tariff-based competitive bidding (TBCB) process. Sterlite Power is a private sector power transmission infrastruct

India to triple renewable energy capacity by 2030; needs financing: Report

India's 14th National Electricity Plan (NEP) sets it on a path to more than triple its renewable energy capacity by 2030, but the country needs a whopping USD 293 billion to achieve this, according to a report released by global energy think tank Ember on Wednesday. The International Energy Agency (IEA) says the world must triple its renewable energy capacity and double energy efficiency by 2030 to decrease the need for fossil fuels and limit global warming to 1.5 degrees Celsius by the end of the century. Led by the US, the European Union (EU), and the UAE, over 60 countries now support the commitment to triple renewable energy and double energy efficiency. While the G20 nations have endorsed tripling renewable energy capacity by 2030 under India's presidency, the UAE, hosting this year's UN climate conference, advocates for a global agreement on this at COP28. Ember's analysis reveals that India requires an additional financing of USD 101 billion (one billion=Rs 100 crore) to ...

Centre plans to ask ONGC to consider rights issue to fund HPCL: Report

The comments come after India's finance minister announced a plan this year to provide equity of $3.6 billion to help the big state oil refiners move towards cleaner energy

'Volvo India aims to have 50% vehicles to run on non-fossil fuel by 2030'

Volvo India aims to have 50 per cent of its vehicles to be powered with non-fossil fuels by 2030, a senior company official said on Thursday. While speaking at Digital Acceleration and Transformation Expo (DATE), Volvo Group President and Managing Director in India Kamal Bali said that the company has set a target to become net zero in terms of carbon emission by 2040. "At Volvo, we have set target that by 2030, 50 per cent of our vehicles will be non-fossil fuel-based. They will be non-polluting. Balance 50 per cent will become non-zero emission by 2040," Bali said. He said that transport industry accounts for 20 per cent of world's total green house gas emissions and if automobile companies take pledge to reduce emissions then it will bring huge change in the environment. "We have also taken pledge that 35 per cent of all employees at leadership level and other levels will be women. We see this as part of sustainability," Bali said.

Adani Green adopts robotics for solar operations, water conservation

Adani Green Energy Ltd (AGEL) will install robotic cleaning technology for its 4,830 MW of operational solar capacity that will help save 595 million litres of water annually, the company said. At present, 2,070 MW, or 30 per cent, of its operational 7,043 MW solar and hybrid capacity is covered by robotic cleaning technology, which conserves 283 million litres of water annually, AGEL said in a statement. Deploying robotics technology for the entire 7,043 MW operational capacity will help save around 880 million litres water annually, it said. AGEL is deploying water-free robotic cleaning system to minimise water consumption for the maintenance of solar modules. AGEL plans to implement this across its operational solar, hybrid sites (solar capacity of hybrid) and its future projects, especially in arid and dry regions like Rajasthan, and Kutch in Gujarat, where renewable water sources are scarce. The company said, "4,830 MW of AGEL's solar portfolio will be covered by robotic clea

Global Green Growth Institute, EESL to implement project in India

Global Green Growth Institute and Energy Efficiency Services Ltd (EESL) will collaborate to implement the Asia Low Carbon Buildings Transition (ALCBT) project in India. With the Ministry of Housing and Urban Affairs (MoHUA) as the nodal ministry, the strategic initiative aims to combat the unprecedented surge in peak electricity demand in the country, primarily propelled by the escalating need for cooling solutions, according to a statement. Germany through its Federal Ministry for Economic Affairs and Climate Action (BMWK) is funding the project under the International Climate Initiative (IKI). EESL in collaboration with the Global Green Growth Institute (GGGI), an international inter-governmental organisation, has announced the launch of the ALCBT project in the country. They will undertake a range of activities to address the pressing challenges associated with the surging demand for electricity in the building sector. One of the key components of the ALCBT project implementati

Tata Power Renewable Energy adds 1.4 GW in group captive projects

Tata Power Renewable Energy Ltd (TPREL) on Monday said it has added 1.4 GW group captive projects to its portfolio in the last six months in India. With the addition of these group captive projects, TPREL said its overall renewables capacity reached 7,961 MW as of October 2023, a company statement said. The portfolio comprises 3,755 MW projects in different phases of development, it added. Its operating 4,206 MW capacity includes 3,200 MW in solar projects and 1,006 MW in wind projects. TPREL has added 1.4 GW capacity of group captive projects in the last six months (June-November), the statement stated. This achievement is the result of the signing of Power Delivery Agreements (PDA) with various industries across segments, it explained. Some of the prominent group captive projects that TPREL has signed include collaborations with Tata Steel, Tata Motors, Mukand Limited (a Bajaj Group company), and Sanyo Special Steel Manufacturing India Pvt, among others. TPREL CEO and MD Deepe