Page 8 - Green Energy

Rajasthan govt signs Rs 3 trillion green energy agreement with UAE

The Rajasthan government has signed an initial agreement with the United Arab Emirates for an investment of Rs 3 lakh crore in the field of renewable energy in the state. Officials said that the signing of the Memorandum of Understanding (MoU) was done in the presence of Chief Minister Bhajanlal Sharma and Investment Minister of UAE Mohammad Hassan Al Suwaidi. This investment will be made for setting up solar, wind and hybrid projects of 60 GW capacity in the western districts of the state. Chief Minister Sharma said that the central government has set an ambitious target of producing 500 GW of solar energy in the country. To achieve this target, Rajasthan will have to install 250 GW solar plants. He said that this partnership with UAE will prove to be an important step in achieving this target. This project will bring the desired change in energy production, according to an official statement. UAE Investment Minister Suwaidi and Principal Secretary of the Industry Department Ajit

Green isn't always recovery: Sometimes, it's a warning of danger ahead

So, what do we make of these green deserts and melting polar edges? These are not signs of nature healing but signals of a planet under pressure

'Age of electricity' to follow looming fossil fuel peak, says IEA

Surplus fossil fuel supplies would likely lead to lower prices and could enable countries to dedicate more resources to clean energy, moving the world into an age of electricity, they said

India, US prioritise to support each others' hydrogen missions: USISPF

Noting the emergence of India and the US as committed front-runners for the global energy transition, the head of a top India-centric American strategic and business advocacy group said the two countries have made it a priority to support each other's national hydrogen missions. As the two largest democracies in the world, the US and India are uniquely positioned to lead the global charge in addressing climate change through innovative clean energy solutions where hydrogen is a key element, US India Strategic and Partnership Forum (USISPF) said on Tuesday on the occasion of Hydrogen Day. The United States and India have emerged as committed front-runners for the global energy transition. Through the Strategic Clean Energy Partnership, we have witnessed increased collaboration pertaining to clean energy supply chains, financing, investments, and research and development, said Mukesh Aghi, the president and CEO of USISPF. Washington and New Delhi emphasised the hydrogen economy and ...

Adani and Google announce collaboration to boost clean energy in India

Adani Group will supply renewable energy generated from a new solar-wind hybrid project located at Khavda, Gujarat, to Google from 2025

BPCL signs initial pact with Mumbai Port to set up green fuel ecosystem

State-owned BPCL has inked an initial pact with Mumbai Port Authority and Mumbai Port Sustainability Foundation (MPSF) for setting up a green fuel ecosystem at the port. The MoU is a pivotal step towards driving India's transition to cleaner energy solutions. By focusing on green fuel innovations, this initiative aims to significantly reduce greenhouse gas emissions, contributing to the country's climate change goals, a BPCL statement said. Additionally, the pact outlines an exploration into the conversion of diesel-powered vessels to cleaner fuel alternatives, further enhancing the port's green infrastructure and reducing its carbon footprint, it said. The agreement was formalised during the launch of the Cruise Bharat Mission by Union Minister for Ports, Shipping and Waterways Sarbananda Sonowal at Mumbai Port earlier this week, according to BPCL. As part of the initiative, the two partners will jointly set up EV charging stations at Mumbai Port, promoting green energy adoption f

Will transform Rayalaseema into green energy hub, says Andhra CM Naidu

Andhra Pradesh Chief Minister N Chandrababu Naidu on Tuesday said the Rayalaseema region of the state would be turned into a green energy hub. The Chief Minister said the generation of solar and wind power in the region will lead to employment opportunities for local youth. We will transform Rayalaseema into a green energy hubWill complete pending projects and irrigate every acre, said Naidu, addressing a gram sabha (village meeting) near Pattikonda in Kurnool district, on the sidelines of disbursing welfare pensions. Further, the CM highlighted that the Super Six promise of distributing three free cooking gas cylinders to eligible households will commence from the forthcoming Diwali festival. Naidu assured to fulfil the promises he made to the people and strive towards diminishing inequalities. He added that the scheme of free sand will be implemented full-fledged from October 15. On irrigation, the CM said the Polavaram project will be completed to bring water to Krishna delta a

Greenzo Energy gets hydrogen project; order book stands at Rs 1,200 cr

Greenzo Energy on Monday said it has secured a multi-crore hydrogen project taking the worth of its total order book to Rs 1,200 crore. The latest contract has been awarded by the state-owned Tamil Nadu Generation and Distribution Corporation Limited (TANGEDCO), Greenzo Energy said in a statement. "With the TANGEDCO green hydrogen project, the order book now stands at Rs 1,200 crore," the company said. This project will be implemented at the 2x660 MW Ennore SEZ Supercritical Thermal Power Plant, owned by TANGEDCO, Greenzo Energy said. The company did not disclose the value of the order on account of contract agreements. "Greenzo Energy will establish a hydrogen generation plant with a capacity of 20 normal cubic meters of hydrogen per hour, marking a key milestone in advancing India's Green Hydrogen Mission. The project is scheduled to be completed within 18 months timeframe, " Sandeep Agarwal, Founder and Managing Director of Greenzo Energy India Limited, said. The electrolyzers

NLCIL produces 12.34 billion units of green power as it treads RE path

State-owned NLCIL has produced 1,234 crore units of green power, thereby preventing the emission of one crore tonne of carbon dioxide, a coal ministry statement said. Primarily a lignite-based power generating company, NLCIL is targeting 10,000 MW renewable energy capacity by 2030. NLC India Ltd (NLCIL) ventured into renewable energy with 1,380 MW of solar power plants and 51 MW of wind power plants. To achieve the target of 10,000 MW, NLCIL has formed new subsidiaries--NLC India Renewables Ltd (NIRL) to focus on asset monetisation and NLC India Green Energy Ltd (NIGEL) to spearhead clean energy initiatives. Furthermore, NLCIL's membership in the International Solar Alliance (ISA) underscores its commitment to environmental sustainability within the coal sector. With a current renewable energy capacity of 1.4 GW, NLCIL is set to quadruple this figure by 2030. Significant projects are underway in Neyveli (Tamil Nadu), Barsingsar (Rajasthan), Gujarat, and Assam. Last month, NLCIL s

NTPC Green Energy's Rs 10,000 cr IPO likely in November first week

NTPC Green Energy, a subsidiary of state-owned power giant NTPC, is likely to bring its initial public offering (IPO) to raise Rs 10,000 crore in first week of November, a source said. Last week, NTPC Green Energy had filed preliminary papers with capital markets regulator Sebi to raise Rs 10,000 crore through IPO. The highly placed source said the IPO is expected to be launched in first week of November this year. The company has planned roadshows in India (Mumbai) as well as abroad, especially in Singapore, the source informed. The initial share-sale is entirely a fresh issuance of equity shares with no offer-for-sale (OFS) component, according to the draft red herring prospectus (DRHP). The company said proceeds of the issue to the tune of Rs 7,500 crore will be used to repay or prepay part or all of its subsidiary NTPC Renewable Energy Ltd's (NREL) outstanding loans, while a portion will be utilised for general corporate purposes. The filing comes at a time when the country's

SJVN generates 8,489 MU of power as green energy in FY24: CMD Sharma

State-owned SJVN generated 8,489 million units (MUs) of green energy from its operational hydro, solar and wind power stations in 2023-24, a top company official said. SJVN CMD Sushil Sharma made the remarks at the company's 36th Annual General Meeting (AGM) for the 2023-24 financial year. "Despite facing challenging hydrological conditions due to climate change, SJVN demonstrated resilience in its operations. In FY24, the company generated 8,489 MUs from its operational hydro, solar and wind power stations," a company statement quoted Sharma as saying. The power stations set new records, including highest-ever daily generation of 39.570 million units (MU) and 10.971 MU by 1,500 MW NJHPS (Nathpa Jhakri Hydro Power Station) and 412 MW Rampur HPS, respectively, in July 2023. The highest-ever monthly generation of 1,590.072 MU was recorded from all operational projects in August 2023 and Rampur HPS also achieved the highest-ever monthly generation of 337.165 MU during the month. Duri

NTPC Green Energy files draft papers for around Rs 10,000 crore IPO

Senior management of the company confirmed the development, but the spokesperson declined to comment

UK govt can reclaim GBP 500 mn funding if Tata Steel fails on commitments

Tata Steel signed a GBP 500 million grant funding pact with the UK government to advance the installation of a low-carbon electric arc furnace at Port Talbot

Should build manufacturing economy greener than China's: Tata Steel CEO

India should build a manufacturing economy which is greener than China's, with a holistic approach that involves both the government and the private sector, Tata Steel CEO T V Narendran said on Wednesday. While addressing a panel discussion at AIMA Convention here, Narendran stressed the need to make the transition to a green manufacturing economy at a fast pace, else India would lose market share. "Unlike China which built a large manufacturing economy and now is trying to make it green, India can build a large manufacturing economy which is greener than the one that China built over the last 20-30 years," he said while replying to a question on the energy transition from fossil fuel to a cleaner future driven by two sectors cement and steel. "So that's an opportunity for India. It is also a risk for India. If India does not make the transition fast enough, we will find that large economic blocks like the US, Europe and China have already made the transition and India gets locked o

TotalEnergies to make further $444 mn investment in JV with Adani Green

The statement said the new JV company will house a 1,150-megawatt (MW) portfolio, which will comprise a mix of operational and under-execution solar assets, with a blend of both merchant-based and PPA

Cabinet approves India's agreement with 14-member IPEF economic bloc

The Union Cabinet has approved the commerce ministry's proposal to sign the 14-member IPEF (Indo-Pacific Economic Framework for Prosperity) bloc's agreements on a clean and fair economy, an official said on Monday. In June in Singapore, 13 IPEF bloc members signed these agreements, while India said it would ink the deals after getting domestic approval. The official, who does not wish to be named, said that the proposal to sign these agreements has been approved by the cabinet in its meeting here on Monday. Agreement on a clean economy intends to accelerate efforts of IPEF partners towards energy security and transition, climate resilience and adaptation, GHG (greenhouse gas) emissions mitigation, finding/developing innovative ways of reducing dependence on fossil fuel energy, promoting technical cooperation, workforce development, capacity building, and research collaborations, and collaborate to facilitate development, access, and deployment of clean energy and climate-friendly ..

India added 1.1 GW of rooftop solar capacity from January to June: Report

The report titled - 'India Rooftop Solar Market' - noted that in the second quarter of 2024, 731 MW of rooftop solar was installed, an 89 per cent jump year-on-year

C&I segment emerges as lucrative for energy companies and investors

Leading names in the energy sector Tata Power, JSW Energy, ReNew, Hero Future Energies, and Sterlite Power have announced plans for a dedicated C&I business vertical

KPI Green Energy receives LoIs for 13.30 MW green energy projects

KPI Green Energy on Monday said it has received letters of intent for 13.30 MW of green energy projects. The company said its wholly-owned subsidiary Sun Drops Energia will develop the projects, according to a regulatory filing. "KPI Green Energy has received Letters of Intent for executing solar power projects with a cumulative capacity of 13.30 MW under the Captive Power Producer (CPP) business segment of the company," it said. The projects are scheduled to be completed in the financial year 2024-25, in various tranches, it said.

BC Jindal Group lines up green energy foray with $2.5 bn investment

Founded in 1952, the B C Jindal group is engaged in the manufacturing of steel pipes and pipe fittings