Page 14 - Green Energy

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

How technology is using data to reduce carbon emissions

Decarbonisation efforts are occurring in every sector of business and society. Commercial and personal consumption is being audited for wastage, leakage, reuse of energy

Adani Green aims to achieve operational capacity of 11 GW in FY24: CEO

Adani Green Energy Limited (AGEL) has a planned capex of Rs 14,000 crore and aims to achieve operational capacity of 11 GW in FY24, its CEO Amit Singh said. The company has an operating renewable energy (RE) portfolio of 8.4 GW across solar, wind and hybrid capacity, the company official said in an investor presentation. "With plans to deliver 2.8-3 GW capacity in FY24, the company's operating portfolio will increase to 11 GW. In FY24, the company has indicated a capex of Rs 14,000 crore," Singh said. A large part of the capacity addition will come in Khavda in Gujarat where the company has deployed a workforce of more than 5,000 people. The company plans is to add 5 GW of RE portfolio every year from FY25 onwards, he added. "We have the largest operating renewable portfolio in India. We are ramping up our execution capabilities as we prepare for our next phase of growth. We are working extensively on our next milestone of developing the largest RE cluster in the world in Khavda

Ashok Leyland delivers AVTR 1922, India's first LNG-powered haulage truck

With this, Ashok Leyland becomes the first Indian Original Equipment Manufacturer (OEM) to unveil an in-house LNG engine compliant with BS VI Stage II emission standards

Inox Wind soars 9%, hits 7-year high on Monday; what's driving the rally?

Shares of Inox Wind hit their highest level since July 2016 after its customer, NTPC Renewable Energy, announced the successful commissioning of 50 MW out of 150 MW Dayapar Wind Energy Project

AESL commissions green evacuation transmission project in Tamil Nadu

Adani Energy Solutions Ltd has commissioned a 2500 MW green evacuation 400kV system in Tamil Nadu in line with India's decarbonisation efforts

Power Grid to build Rs 20k-crore Green Energy Corridor-II in Ladakh

The GEC-II is an Inter-State Transmission System (ISTS) project aimed at connecting at least 13 gigawatts of forthcoming renewable energy projects in Ladakh

High noon for clean power

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

As BYD seeks India expansion, its executives find it tough to get visas

BYD is far from being an outlier, as several Chinese companies from various sectors have faced challenges in getting visas for travel to India

Tamil Nadu govt to explore large scale green energy storage options

Tamil Nadu is exploring a hybrid storage model, in which pumped storage power plants (PSP) will be used to store excess energy from solar, wind, and other sources

Indus Towers signs pact with IOC Phinergy for clean energy systems

Indus Towers and IOC Phinergy (IOP) have inked a pact for the deployment of 300 zero-emission energy systems to optimise diesel consumption at Indus' telecom tower sites. This move accelerates Indus Towers' progress towards its sustainability priorities, according to a release. "Indus Towers Limited and IOC Phinergy Private Limited (IOP) have signed an agreement for deployment of 300 zero-emission energy systems based on aluminium-air technology, to optimise diesel consumption at Indus' telecom tower sites," the release said. Indus Towers' CEO Prachur Sah said as part of the company's ESG vision, Indus Towers believes in nurturing environmental stewardship, being socially responsible and having robust governance. "Indus Tower's agreement with IOP is a testimony of the company's commitment to build eco-friendly telecom tower sites by investing in solutions for resource optimisation," Sah added. IOP is a joint venture company formed by IOCL and Phinergy Ltd, Israel to manufacture, s

Essar Oil UK division Vertex Hydrogen to change name to EET Hydrogen

Essar Oil UK arm Vertex Hydrogen on Monday announced its plan to switch to a new brand identity, EET Hydrogen as it looks to become a major pillar in the group's energy transition. This change is a natural progression in the development of the company from an early-stage idea into the leading hydrogen production project in the UK, a statement said. "Vertex Hydrogen is announcing that it is changing its brand to EET Hydrogen and that it intends to move from being a subsidiary of Essar Oil UK (EOUK) to a sister company of EOUK and become a standalone pillar of the Essar Energy Transition (EET) portfolio," it stated. The EET Hydrogen will provide a platform for growth with an ambition to deliver around 4GW of low-carbon hydrogen by 2030, around 40 per cent of the UK Government's national target. This hydrogen will enable businesses to switch from fossil fuels to low-carbon energy, securing and growing vital industries and jobs and unlocking billions of pounds of investment. Essar gro

JSW, Tata, Adani make a beeline to meet industrial green energy needs

The C&I sector accounts for approximately 40-45 per cent of total energy demand in India

Tata Power Renewable Energy enters Nepal market, ties up with Dugar Power

Renewables solution provider Tata Power Renewable Energy on Thursday said it has collaborated with Nepalese firm Dugar Power to accelerate Nepal's renewable energy initiatives. This tie-up heralds TPREL's strategic entry into Nepal's rapidly evolving renewable energy sector and sets the stage for a quantum leap in accelerating Nepal's shift toward sustainable energy, according to a statement. "Tata Power Renewable Energy Ltd (TPREL) has signed an agreement with Dugar Power Private Ltd (Dugar Power), a subsidiary of Dugar Group which is a prominent business house in Nepal," a company statement said. The partnership is set to deploy transformative solar technologies to produce a range of on- and off-grid energy solutions and mark the inception of a long-term commitment to energy sustainability in the region. The agreement is designed to cater to Nepal's diverse energy requirements, offering scalable solutions from 1 KW to MW levels. "This partnership with Dugar Power is a strategic