Page 26 - Green Energy

Budget 2022: Targeted incentives likely for promoting green hydrogen

The government may provide for targeted fiscal incentives and allocation of funds for promotion of green hydrogen in the country in Union Budget 2022-23, which is slated to be unveiled in Parliament on Tuesday. The government launched National Hydrogen Mission in 2021. Earlier this month, Power and New & Renewable Energy Minister R K Singh had indicated that a green hydrogen policy will be unveiled in February which would feature many incentives to boost green hydrogen in the country. "While 2021 saw the launch of National Hydrogen Mission, it is likely that the Budget may provide for targeted fiscal incentives for R&D in green hydrogen segment, creation of domestic supply chain for hydrogen and reduce customs duties on electrolysers to boost green hydrogen production," says Venkatesh Raman Prasad, Partner, J Sagar Associates (JSA). Prasad is of the view that India's commitment at COP 26 of achieving net zero emissions by 2070 and meet 50 per cent of energy requirements from .

ReNew Power joins hands with Fluence to offer energy storage solutions

The 50:50 JV will target the country's storage market, which is estimated to grow to 27 GW by 2030

India, Denmark agree to initiate joint research on green fuels

India and Denmark agreed to initiate joint research and development on green fuels including green hydrogen, the Science and Technology Ministry said on Wednesday. The Joint Science and Technology Committee meeting held last week discussed national strategic priorities and developments in Science, Technology, and Innovation of both countries. The meeting, held virtually, put a special focus on green solutions for the future -- strategy for investments in green research, technology, and innovation, the ministry said in a statement. They agreed to organise 3-4 webinars for partnership development and stressed on promoting call for proposals in green fuels, including green hydrogen. The Joint Committee also reviewed the progress of the ongoing projects of last two joint calls being implemented in the areas of energy research; water; cyber-physical systems, and bioresources & secondary agriculture.

Cabinet approves Rs 12,000 crore Green Corridors-II for RE uptake in states

Projects will be set up in seven states in this phase, which aims to add 10,750 circuit kilometres (ckm) of transmission lines and 27,500 Mega Volt-Amperes (MVA) transformation capacity of substations

Cabinet approves Rs 12,000 cr for 2nd phase of Green Energy Corridor

The scheme will facilitate grid integration and power evacuation of about 20 GW of renewable energy (RE) projects in seven states

India's renewable power generation growth races ahead of thermal

But Omicron scare could derail electricity demand recovery

Green energy capex on a charged-up rebound, says CRISIL analysis

Credit profiles seen stable, given strong accruals and investor interest

How govt, pvt sector readied to steer India to path of sustainable energy

Experts agree that the challenge will come from the ground, especially state-level departments and consumers

Best of BS Opinion: China's political roadmap, green themes of 2022 & more

Here is the best of Business Standard's opinion pieces for Wednesday

Green themes of 2022

Expect to see more local manufacturing announcements in 2022

Australia's Fortescue CEO to step down as miner expands green energy push

Gaines, who oversaw a tripling in the share price of the world's fourth-biggest iron ore miner in the last four years, will remain on Fortescue's board

Green energy goals achievable with right steps taken now: Sunil Mittal

Mittal said the telecom sector as a whole was working to become carbon neutral by 2030, and at India's scale, even reaching 80% of that would be a huge achievement

Green Electricity can become the cheapest energy by 2050, says study

Cost-slashing innovations are underway in the electric power sector and could give electricity the lead over fossil-based combustion fuels in the world's energy supply by mid-century, a study finds

JSW Energy reorganises itself into 'Green' and 'Grey' businesses

The company said that all the existing and upcoming renewable energy businesses will be housed under JSW Energy Neo, its wholly-owned subsidiary

Getting the green strategy right

India is now among the countries committed to net-zero emissions by 2070

L&T looks to tap green business, more infra projects in West Asia

Over 30% of L&T's power order book is from green energy. It has also electrified 10% of Indian villages over the last decade and modernised systems in several towns

Bosses of HSBC, Tata, Macquarie urge govts to do more for green transition

The leaders of Indian conglomerate Tata Sons, HSBC Holdings and Macquarie Group urged governments to get more involved in the green transition by providing incentives to develop new technology

One Sun, many hurdles: Why cross-border flow of green energy won't be easy

Establishing the cross-border flow of green energy under the One Sun declaration will involve many complexities

Best of BS Opinion: The energy headwind, entrepreneurs of green era & more

Here are the best of BS Opinion pieces of the day

US backs India-UK led solar Green Grids Initiative launched by PM at COP26

The US has partnered with the UK and India-led Green Grids Initiative of a global energy grid launched by Prime Minister Narendra Modi at the COP26 climate summit in Glasgow. At a meeting of the Steering Committee of the Green Grids Initiative One Sun One World One Grid' (GGI-OSOWOG) earlier this week, US Secretary of Energy Jennifer Granholm said that the US is excited to be back in the climate conversation and to partner with the new initiative. All the energy humanity uses in a year is equal to the energy that reaches the earth from the sun in a single hour, said Granholm. The GGI-OSOWOG is focusing on the two most important pieces of the puzzle. We at the US Department of Energy are happy to be a partner with GGI-OSOWOG, she said. The International Solar Alliance (ISA) under India's presidency and the UK's COP26 Presidency had launched GGI-OSOWOG during the World Leaders' Summit of COP26 on Tuesday. The Steering Committee of GGI-OSOWOG comprises five members besides India and