Page 22 - Green Energy

HSBC commits Rs 125 cr to green causes in India over next 5 years

Foreign lender HSBC on Friday committed Rs 125 crore over the next five years to support green causes like wetland conservation and energy transition projects in India. The lender said in a statement that the measures are is being taken as part of its efforts to limit the impact of climate change. Under the commitment, it has divided the works into two broad themes, including energy transition and nature-based solutions. The nature-based solutions will include projects to protect and revitalise wetlands, mangroves and forests, landscape restoration and promote sustainable agriculture, it said. Energy transition will include renewables and/or energy efficiency programmes to support the shift towards renewables and scale efficiency initiatives in sectors like healthcare, dairy cold chain and for productive energy use by communities, it added. "Sustainability for us is about long-term survival going hand in hand with conservation and community upliftment," its country chief executive

R K Singh urges EU to keep its green hydrogen market open for competition

Union Power Minister R K Singh on Thursday urged the European Union (EU) to keep its green hydrogen market open for competition to get supplies at the lowest rate and avoid any accusation of protectionism. Speaking at the First EU-India Green Hydrogen Forum, Singh stated that India would produce large quantities of green hydrogen at the lowest price and would need electrolysers for producing 50GW hydrogen initially. Singh showcased a huge opportunity for the EU to get supplies of green hydrogen from India which could also help it to diversify its energy sourcing. "As far as our cooperation with the EU, I think it has a future. Of course it depends on policies and standards. We would be producing green hydrogen at lowest prices. China's price is opaque. I don't know how they price it," Singh said. India has a transparent bids system, dispute resolution mechanism which promotes every fund to be invested here, he stated. He was of the view that India is the best place to produce and

Kinetic to launch Luna in electric avatar, expands capacity with new plant

Charts aggressive plans in its comeback trail

Reliance Industries to acquire 79.4% stake in US-based SenseHawk for $32 mn

California-based SenseHawk, which was founded in 2018, is an early-stage developer of software-based management tools for the solar energy generation industry

With $2 bn IPO in sight, this Chinese EV battery firm is a giant in making

CALB makes battery cells, modules and packs for electric vehicles and industrial-scale energy systems - both in high demand

NTPC Ltd receives 13 bids for minority stake sale in Green Energy arm

NTPC has doubled its plan for non-fossil fuel sources based power to 130 Gw by 2032 at an estimated investment of $30 billion

NTPC gains 4% as bids line up for minority stake sale in Green Energy arm

ArcelorMittal, Brookfield and Canada Pension Plan Investment Board were among over dozen entities that evinced interest to buy stake in green energy arm NTPC Green Energy (NGEL)

CPPIB, Petronas, Arcelormittal among 13 to bid for NTPC's green energy unit

The Canada Pension Plan Investment Board (CPPIB), Malaysian state-run Petronas and Arcelormittal SA are among the 13 bidders for a minority stake in the green energy unit of India's NTPC Ltd

The world of clean hydrogen buzzing with activity

Interest on the buyers' side is rising too

Fracking giant Liberty Energy says fossil fuels to rule for decades

"We're investing a lot of money in some new energy technologies; some of this is great, but it's not an energy transition," Wright, chief executive officer at Denver-based Liberty Energy said

RIL AGM: Mega expansion in new energy biz, Rs 75,000 cr for petchem

Chairman Mukesh Ambani also announces new gigafactory for power electronics, RIL set up India's first Carbon Fibre plant at Hazira with a capacity of 20,000 tonnes a year

RIL 45th Annual General Meeting 2022: What to expect; where to watch

In its 2021 AGM, RIL announced the launch of JioPhone Next and the entry of the company into the green energy sector with a budget of Rs 75,000 crore

French PM Borne announces 1.5 billion euros for ecological transition

French PM Elisabeth Borne has announced a green fund of 1.5 billion euros ($1.5 billion) for local authorities to accelerate the ecological transition in the country

Japan sets eyes on nuclear energy production as part of go green agenda

Japan has decided to restart its inactive nuclear power plants as well as develop the next-generation reactors to avert an energy crisis and go green

Debt ratio at Adani's green firm needs 'watching' as it soars to 95.3%

Gautam Adani owned company's debt-to-capital ratio has soared to 95.3%, a level that is on the "higher side" for a private company

Green hydrogen: India Inc's next big thing even as policies take shape

Undeterred by the absence of policy or supply chain, conglomerates, and RE companies are investing heavily in this new fuel.

IOC to spend Rs 2 trn for net-zero target by 2046: Chairman

Indian Oil Corporation (IOC), the nation's top oil firm, will invest Rs 2 lakh crore to achieve net-zero operational carbon emissions by 2046, its chairman Shrikant Madhav Vaidhya said on Thursday. The target set is in line with India's aim to reach net-zero emissions by 2070. IOC, which refines crude oil into fuel and manufactures petrochemicals, will use a combination of energy efficiency measures, electrification of processes and fuel replacement. "The company is embarking on a decarbonisation journey that will be crucial not only for the company's destiny but also for the planet," Vaidya said. "On the 99th year of India's independence (2046), IndianOil will be operationally independent of emissions." The investment of over Rs 2 lakh crore will help mitigate emissions to about 0.7 billion metric tonnes of carbon dioxide a year by then. Currently, IOC's greenhouse gas (GHG) emission, emanating majorly from the company's refining operations, is 21.5 million tonnes of carbon dioxi

Saudi betting on EV batteries may prompt others to announce ambitious plans

The world's oil capital, Saudi Arabia wants to go electric and get clean. To do so, it's getting its hands on minerals critical for batteries and taking a stake in the electric vehicle-supply chain

L&T to work across green energy value chain; to pump in $2.5 bn in 3-4 yrs

Investment to help it tap the entire value chain from manufacturing to EPC projects

Tata Power subsidiary raises Rs 2,000 crore in green energy push

The transaction is part of the Rs 4,000-crore investment announced in April by Tata Power for its green energy business