Page 17 - Green Energy

Indian Oil Corp plans green jet fuel plant worth $10 bn to meet demand

The International Civil Aviation Organization last year adopted a target to cut emissions to net zero by 2050, and SAF has long been seen as the industry's fastest way to reduce emissions

We have set a target of 60GW of renewable by 2032: NTPC Green's Bhargava

"The broader objective is that our renewables portfolio should be as large or as close to our coal-based portfolio by 2050," said NTPC Green Energy CEO Mohit Bhargava

Sri Lanka to introduce new laws to achieve green economy: President

The President noted that Sri Lanka will take the lead in ensuring that the developing economies receive the resources to mitigate climate change

Adani Group aims to raise about $800 mn for financing green energy projects

Any project financing could show banks' increasing comfort in extending money, after Adani's ports-to-power conglomerate was roiled by accusations of corporate fraud by Hindenburg Research

Green hydrogen company Ohmium raises $250 mn to help address climate change

In what could prove a milestone for an industry that hopes to help address climate change, the Silicon Valley company Ohmium announced Wednesday it has raised $250 million to increase production of machines that can make clean hydrogen and displace fossil fuels. Some climate experts say burning hydrogen can substitute for burning coal, oil or gas, for example in making steel or cement without contributing to climate change. That's been largely theoretical, but real world examples are now growing. Just four or five years ago, a company working on clean hydrogen from water would not have been able to raise several hundred million dollars, said Daryl Wilson, executive director of the Hydrogen Council. But now there's rapid growth and demand for it, and a broader recognition that it's key to addressing climate change, he said. Mark Viehman, a hydrogen and clean fuels expert at the consulting firm Capgemini, called $250 million a very impressive fundraise, and said its own recent resear

European Union agrees to boost green fuels for aviation, cut emissions

New rules requiring airlines to use more sustainable fuels across the European Union have been agreed by negotiators from member countries and the EU Parliament in a bid to help decarbonise the sector. The European Commission, the bloc's executive arm, said Wednesday that the deal reached by member states and the European Parliament demands that suppliers blend sustainable aviation fuels with kerosene in growing amounts from 2025. The move is expected to reduce aircraft carbon emissions by two-thirds by 2050 compared to a no action' scenario, and provide climate and air quality benefits by reducing non-CO2 emissions," the Commission said. The aviation sector accounts for 13.9 per cent of transportation emissions in the EU, making it the second biggest source of greenhouse gas emissions in the sector after road transport, the Commission says. If global aviation were a country, it would rank in the top 10 emitters. The political agreement is part of the EU 's Fit for 55 package, whic

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

Jakson Green developing green hydrogen refuelling station in New Delhi

Jakson Green on Tuesday said it is developing a green hydrogen fuelling station at Badarpur in the capital city for a major power company in India. The project is expected to offset 3.7 tonnes of CO2 per day once operational, a company statement said. The green hydrogen fuelling station involves the establishment of a specialised and dedicated facility that will use the green energy generated on-site by a renewable hybrid to generate, compress, store, and dispense green hydrogen, utilising a hydrogen purification system, it stated. As a part of the project, the company will also incorporate a battery energy storage system (BESS) backed renewable hybrid power plant within the station, making it a completely self-sustained facility. The fuelling station is expected to produce 260 kg of green hydrogen per day at a pressure of 350 bar that will be utilised to fuel up to five intercity FCEV (fuel cell electric vehicle) buses. "Our endeavour to establish India's largest urban centric gr

NTPC to list green energy arm in FY24; strategic investment plan fails

Intends to raise over Rs 5,000 crore through IPO

NTPC mulls fresh offers for stake in green unit after top bidder pulls out

The fiscal year ended in March was expected to be a significant milestone for NTPC Green, the face of transition for the country's biggest coal consumer

Sealing green power for homes and firms

Indian companies are expanding their clean energy consumption, but tardy progress in rooftop solar is a missed opportunity

Shree Cement to procure cow dung for green energy in Chhattisgarh

Shree Cement is the first company to purchase cow dung that the state government has been procuring under its scheme of the Godhan Nyay Yojana

L&T signs agreement with France's McPhy for electrolyser technology

Under this partnership, McPhy will grant an exclusive license of its pressurised alkaline electrolyser technology to L&T for manufacturing of electrolysers, including future product upgrades

Centre allows NTPC to invest over 30% of its networth in NTPC Green Energy

The central government on Friday allowed state-owned power giant NTPC to invest more than the ceiling of 30 per cent of its networth in its subsidiary NTPC Green Energy Ltd (NGEL). NTPC's net worth stood at Rs 1.28 lakh crore, as per its annual report for the financial year 2021-22. This assumes significance given the NTPC's ambitious target of 60 GW of renewable energy by 2032. Presently, the maharatna central public sector undertakings require approval of the Union Cabinet to invest an amount more than 30 per cent of its net worth. "Cabinet approves exemption to NTPC Ltd from the extant guidelines of delegation of power to Maharatna CPSEs for making an investment beyond the prescribed limit in NTPC Green Energy Ltd," an official statement said. It has also exempted NGEL's investment in NTPC Renewable Energy Ltd (NREL) and its other JVs/subsidiaries (joint ventures), subject to a ceiling of 15 per cent of its net worth beyond the monetary ceiling of Rs 5,000 crore to Rs 7,500 cror

HP CM announces slew of schemes to promote green energy in state budget

Reading out his first Budget in the Vidhan Sabha, Himachal Pradesh Chief Minister Sukhvinder Singh Sukhu on Friday announced a slew of green energy schemes

Sterlite Power commissions Lakadia-Vadodara Transmission Project

Sterlite Power on Monday said that it has successfully commissioned its largest green energy corridor in Gujarat called Lakadia-Vadodara Transmission Project. The project aims to deliver more than 5,000 MW of power from renewable rich regions of Bhuj and Kutch to the national grid, a step towards accelerating India's transition towards a greener economy, a statement said. Sterlite Power, a leading power transmission company in India and Brazil, announced the commissioning of its green energy corridor project - Lakadia-Vadodara Transmission Project Ltd (LVTPL), it stated. Built with an investment of Rs 2,024 crore, this inter-state transmission project connects the 765/400 kV substation at Lakadia to Vadodara through a 335 kilometres long 765 kV double-circuit transmission line, it stated. With 812 towers spanning seven districts in Gujarat, this transmission corridor is also one of the largest in India till date, it claimed. Additionally, it forms a critical part of the world's ..

Cloud over AGEL plans bad news for India's renewable energy future

The firm had aimed at 45 Gw of RE capacity by 2030, the year India is envisaging to have 500 Gw of non-fossil fuel capacity

Setting up green ammonia plant in India: Essar group's Prashant Ruia

"The project will be funded through both debt and equity and we will approach banks in India and abroad for debt"

Japanese firm to help Kerala with its first waste-to-energy plant: CM

Japan-based JFE Engineering Limited has agreed to provide technical support to the upcoming waste-to-energy plant at Kozhikode, Kerala Chief Minister Pinarayi Vijayan said on Sunday. Keiichi Nagaya, Director, Head of Overseas Business and Environmental Solution Sector, of the firm, met the Chief Minister here and assured assistance for the state's first waste-to-energy treatment plant. Vijayan, in a Facebook post, said the firm has the experience of installing more than 350 waste disposal plants across the world. "They have assured cooperation in the fields of technology and construction for the project. The government intends to complete the construction of the plant within two years. Kerala's first Waste-to-Energy Treatment Plant is going to be established in Kozhikode," the Chief Minister further said. In the meeting held in the Chief Minister's chamber on Saturday, the company's India Managing Director B G Kulkarni, Zonta Infratech MD Raj Kumar, among others participated.

Enter the green age: The financial journey cannot be full of potholes

The details of the transition towards climate-change-related finance will require deft handling