Page 5 - Green Energy

Expanding storage for green energy key to 24-hour electricity in India

There are several energy storage solutions, but more reliable and significant at a grid level are battery storage and Pumped Hydropower Energy Storage

Green Portfolio announces launch of AIF with Rs 300 crore target corpus

Portfolio management service provider Green Portfolio on Wednesday announced the launch of its Alternative Investment Fund (AIF) with a target corpus of Rs 300 crore. Of the Rs 300 crore, the company has already secured over 50 per cent of its commitments from existing and potential investors, Green Portfolio said in a statement. The new category III fund will meet the growing demand for pre-IPO, private market, and exclusive listed equity investment opportunities. The fund will allocate 70-80 per cent of its capital to listed equities, with a focus on small, mid, and micro-cap stocks, while 20-30 per cent will be invested in pre-IPO and private market opportunities. It will also consider preferential allotments, private placements, secondary opportunities, and SME companies. Commenting on the move, Divam Sharma, Co-Founder and Fund Manager at Green Portfolio, said that expanding into the AIF space feels like a natural next step. This move allows the company to offer clients unique

Slow tenders, weak export demand hit India's green hydrogen plans

Customer side hasn't come up as earlier envisaged

Vikram Solar to set up 1 GWh solid-state battery plant, expand to 5 GWh

The integrated solid-state battery manufacturing facility plans to scale up to 5 GWh, reinforcing India's push for energy storage and self-reliance

Dems target Trump's energy emergency after his pro-oil and gas moves

President Donald Trump began dismantling his predecessor's climate change and renewable energy policies on his first day in office, declaring a national energy emergency to speed up fossil fuel development a policy he has summed up as drill, baby, drill. The declaration calls on the federal government to make it easier for companies to build oil and gas projects, in part by weakening environmental reviews, with the goal of lowering prices and selling to international markets. Democrats say that's a sham. They point out that the U.S. is producing more oil and natural gas than any other country and the Biden administration's Inflation Reduction Act boosted renewable energy at a critical time, creating jobs and addressing the climate change threat 2024 was Earth's hottest year on record amid the hottest 10-year stretch on record. It would also set a horrible precedent, that a president of either party can invent a sham emergency and then grab away from Congress powers that Congress h

India eyes higher ethanol blending target, boosts focus on green hydrogen

Petroleum Minister Hardeep Singh Puri announced the country had already achieved 19.6 per cent ethanol blending and was confident of reaching 20 per cent by next month

TotalEnergies, Air Liquide to invest $628 million in hydrogen venture

The joint project near the Zeeland refinery is expected to be commissioned in 2029, and the one that will supply the Antwerp plant should start operating by the end of 2027

Assam cabinet approves mega industrial park, new policy for green energy

Assam Chief Minister Himanta Biswa Sarma on Sunday said the state cabinet has approved a mega industrial park and a new policy for green energy. Addressing a press conference after chairing a cabinet meeting here, Sarma said the state government has resolved to allot 569 bighas of land (over 188 acres) in Morigaon district for a mega industrial park. The cabinet also approved the Assam Integrated Clean Energy Policy, 2025 to promote solar, wind, mini and small hydro, hydrogen and other green energy projects in the state, he added. "We have also decided to notify a new national park in between existing parks Raimona and Manas. It will be Sikhna Jwhwlao National Park, spread across 316.29 sq km in Chirang and Kokrajhar districts," Sarma said. Besides, the cabinet has approved Post Graduate increments to Ayurvedic doctors, who have successfully completed the 3-year PG course, he added.

PE/VC pullback brings dark clouds over Indian climate-tech companies

Funding fell 61% to $1.3 bn in 2024

Emphasis on green transition to strengthen India's clean energy leadership

The Budget's focus on green transition will strengthen India's position as a global clean energy leader and meet decarbonization goals, industry players said. Girish Tanti, Vice Chairman, Suzlon said by strengthening Aatmanirbhar Bharat across manufacturing and agriculture, with a focus on clean tech, wind, solar, EV, and battery storage, the budget aims to accelerate self-reliance in wind and solar manufacturing. Pratik Agarwal, Managing Director, Sterlite Power and Chairman, Serentica Renewables, said there is continued focus on domestic manufacturing of generation and storage equipment, there is new-found mention of high-voltage transmission equipment. Given that there are global deficits in this product category, focusing on this sub-segment is a very sound move. Goldi Solar Managing Director said the National Manufacturing Mission's targeted support for all renewable energy sources is a welcome move, as it reinforces India's commitment to a level playing field and ambitious ...

Inox Wind Q3 result: Profit jumps to Rs 239 cr backed by revenues

Inox Wind Ltd (IWL) on Friday reported a multifold rise in consolidated profit after tax (PAT) to Rs 239 crore, backed by higher revenues. It had posted a Rs 33 crore PAT in the year-ago quarter, the company said in a statement. The company's consolidated revenues rose 96 per cent to Rs 994 crore from Rs 507 crore in the October-December period of 2023-24. IWL's order book stood at 3,286 MW at the end of the third quarter of the ongoing fiscal year, 28 per cent higher from 2,575 MW in the year-ago period. INOXGFL Group Executive Director Devansh Jain said "Q3 results firmly establish the enormous growth trajectory the company is on. We continue to capitalise on the large growth opportunities in the Indian market, and supplemented by our new ventures, our offerings now encompass the entire renewables ecosystem, opening up additional areas of businesses for Inox Wind and its subsidiaries." Part of USD 12-billion INOXGFL Group, IWL is India's leading wind energy solutions provider ..

Avaada, Casale partner to develop India's largest green ammonia plant

Avaada Group on Friday announced its strategic collaboration with Casale to develop India's largest green ammonia plant, with an annual production capacity of 1,500 tonnes per day, in Gopalpur, Odisha. This milestone project marks a major advancement in Avaada's mission to drive decarbonisation, innovation, and sustainable industrial growth, further solidifying its role in India's clean energy revolution, a company statement said. According to the statement, Avaada Group, a leader in India's renewable energy sector, inked a strategic collaboration with Casale, a global pioneer in ammonia technology, to develop a 1,500 tons per day (TPD) green ammonia plant in Gopalpur, Odisha. The Gopalpur plant will be powered entirely by renewable energy, utilising Casale's advanced ammonia production technology to ensure a carbon-free process. It will provide the green ammonia process license, basic engineering package, proprietary equipment, and detailed engineering review, helping to create a .

Blueleaf Energy to invest $400 mn in Jakson Green's India solar assets

Investment will be made in three solar projects, which are expected to be commissioned in 2025-2026 and will be funded through a combination of debt and equity, the companies said

Strategies and roadmap for making green fertiliser production viable

India's Green Hydrogen Mission targets decarbonising fertiliser production

Blue Energy to invest Rs 3,500 cr to set up Maharashtra electric truck unit

LNG-powered truck maker Blue Energy Motors on Wednesday said it plans to invest Rs 3,500-crore for setting up an electric trucks production plant in Maharashtra to fuel the state's green energy transition. Under the terms of an initial pact, announced at the World Economic Forum in Davos, Blue Energy Motors will establish a dedicated facility for advanced electric (EV) trucks that will house advanced R&D capabilities, battery-pack line, motor manufacturing unit and set up charging stations as well, the company said. The proposed projects are slated to commence in the next financial year, Blue Energy Motors said. This investment, according to the company, is expected to generate direct employment for over 4,000 people. "Our investment will not only reaffirm Maharashtra's position as a global hub for advanced clean mobility solutions but also will contribute to job creation and economic growth," said Anirudh Bhuwalka, CEO of Blue Energy Motors. The new inter-connected facility will

Green transition: Expectations and recommendations for Budget 2025

It is important for India to establish a coherent and comprehensive tax framework which will incentivise green investment and support the renewable energy value chain among other measures

India-Singapore to build green energy corridor, work in key sectors

India and Singapore are working on establishing a green energy corridor and looking at boosting cooperation in areas like green hydrogen, green shipping, semiconductor and manufacturing, the Ministry of External Affairs (MEA) said on Friday. The MEA said this while briefing the media on the ongoing visit of Singaporean President Tharman Shanmugaratnam to India. Shanmugaratnam held separate talks with President Droupadi Murmu and Prime Minister Narendra Modi on Thursday with a broad focus on further expansion of the bilateral ties. There is already work going on for setting up a green hydrogen corridor between the eastern part of India and Singapore, Secretary (East) in the MEA Jaideep Mazumdar said. The green corridor includes a link from Tuticorin and another from Paradip in Odisha, Mazumdar said. The two sides are also looking at setting up a data corridor between the GIFT City in Gujarat and Singapore. The data corridor is an important venture between Gujarat's GIFT City and .

NTPC Green recoups partly from 30% fall; freezes at 10% upper circuit

Till 03:22 PM; a combined 19.16 million equity shares changed hands and there were pending buy orders for 3.19 million shares on the NSE and BSE.

Andhra Pradesh will be transformed into a green energy hub, says CM Naidu

Chief Minister N Chandrababu Naidu on Sunday said that Andhra Pradesh will be transformed into a clean and green energy hub, encouraging the use of non-polluting fuel. Observing that revolutionary changes are happening across the country in fuel and energy, the CM said the southern state is very keen on using natural gas. "We are very keen to use natural gas in Andhra Pradesh and for that we will extend all the cooperation to those who are interested to work in this direction," said Naidu, addressing a conference organised by a city gas distribution company. On Sunday, he started piped gas supply for domestic consumers in Tiruchanur and also flagged off a rally of vehicles powered by compressed natural gas. During the erstwhile TDP government in 2014-2019, Naidu said he planned gas distribution for 99 lakh families in all cities of the state by engaging five companies, but alleged that the YSRCP government had cancelled them. However, as soon as he became the CM in 2024, Naidu sai

Envision bags 1GW wind, first 320 MWh BESS orders from Juniper Green Energy

Envision Energy India on Thursday said it has secured a 1 GW wind energy project and its first 320 MWh battery energy storage system order from Juniper Green Energy (JGE). JGE will deploy Wind Turbine Generators (WTGs) for various projects secured through State and Central auctions, as well as the Battery Energy Storage System (BESS) package for the Firm Dispatchable Renewable Energy (FDRE) project awarded to SJVN under its first FDRE auction, according to a statement. Envision Energy India said it has signed up with JGE for the supply of 200 EN 182|5MW turbine platforms, along with its debut 320 MWh BESS. Envision's WTGs are based on 182-metre rotor diameter, hub height of 140-metre and an ideal configuration for wind & site conditions in India. This 5MW turbine platform has a proven performance in booming markets of Middle East and North Africa (MENA) region, Southeast Asia, and China. Envision's energy storage solution with 5MWh and 20-feet containerised storage unit will be ..