Page 10 - Renewable Energy Policy

India plans 37GW offshore wind energy power by 2030, to issue bids

Tamil Nadu and Gujarat sitting on more than 70 GW potential, say officials

Govt reduces application fee by 80% for solar equipment manufactures

Ministry of New & Renewable Energy (MNRE) has taken major reforms in the 'Approved List of Models and Manufactures for Solar Photovoltaic Modules' (ALMM) including a sharp 80 per cent reduction in application fee as well as doubling enlisting validity. The MNRE has come up with a number of reforms in its ALMM mechanism for Solar Photovoltaic Modules, a ministry statement said. The reforms are primarily aimed at reducing the cost to solar PV manufacturers, time between application to enlistment as well as compliance burden and increasing ease of doing business in the whole ALMM process. The major reforms include the reduction in application fee by 80 per cent; a substantial reduction in inspection fee, with a reduction in certain cases being as high as 70 per cent and an exemption from factory inspection in case of enlistment of additional models in ALMM which are similar to those already enlisted by the applicant, but having lower wattage. The reforms also included allowing the ...

HP govt signs MoU with Oil India to develop new renewable energy sources

"We clarify that fresh ECs will have to be obtained even by the successful bidders...," the high court said in its order

SECI's renewable energy trade over 35 BU mark in FY23; records 59% volume

State-owned SECI traded 35 billion units of renewable energy (RE) during financial year 2022-23, registering a year-on-year (y-o-y) rise of 59 per cent, an official statement said Monday. During the year, Solar Energy Corporation of India Limited's (SECI) revenues from power trading crossed Rs 10,000 crore-mark for the first time since its inception, Ministry of New and Renewable Energy (MNRE) said. "SECI has traded over 35 BU, a jump of over 59 per cent in its RE power trading volume in FY23 over the previous year. Likewise, the revenue from power trading has crossed the Rs 10,000 crore-mark for the first time since its inception," the ministry said. In the statement, SECI MD Suman Sharma said India is witnessing an energy transition towards sustainable sources at an unprecedented pace. "We are striving hard to have the maximum contribution in the nation's journey towards 500 GW of non-fossil fuel by 2030, as announced by the Prime Minister (Narendra Modi). Entire team of employee

G7 nations to reduce global GHG emissions by 43% by 2030, 60% by 2035

G7 countries commit to "fully" or "predominantly" decarbonise their power grids no later than 2035 and accelerate the phase-out of domestic unabated coal power

To boost production, govt may provide Rs 50/kg support for green hydrogen

The government plans to provide Rs 50 per kg of hydrogen in the first year and the support will be brought down to Rs 30 per kg of production in the third year

Govt unveils plans to add 250GW renewable energy capacity in next 5 years

The government on Wednesday announced a plan to add 250 GW of renewable energy capacity in the next five years to achieve its target of 500 GW of clean energy by 2030. The government has decided to invite bids for 50 GW of renewable energy capacity annually for the next five years i.e., from Financial Year 2023-24 till Financial Year 2027-28, a Ministry of New and Renewable Energy statement said. These annual bids of ISTS (Inter-State Transmission) connected renewable energy capacity will also include setting up of wind power capacity of at least 10 GW per annum, it stated. The plan finalised by the Ministry of New & Renewable Energy (MNRE) at a meeting chaired by Union Minister for Power & New and Renewable Energy R K Singh last week, is in accordance with the Prime Minister's announcement at COP26, of achieving 500 GW of installed electricity capacity from non-fossil fuel (Renewable Energy + Nuclear) sources by 2030. India currently has a total renewable energy capacity of

Tata Power Solar Systems bags 300 MW project worth Rs 1,755 cr from NLC

Tata Power Solar Systems Ltd (TPSSL) has bagged a 300 MW project worth Rs 1,755 crore from state-owned NLC Ltd. The company will also do the operation and maintenance of the project for 3 years after the commercial operation declaration. The 300 MW Domestic Content Requirement (DCR) based project located at Barsingar in Bikaner, Rajasthan, is expected to generate more than 750 million units renewable energy and reduce 6 lakh tonne of CO2 annually, a statement said. The Letter of Award (LoA) for the project was given through competitive bidding. The project will get commissioned within 18 months from the date of receiving of LoA, it said. TPSSL will handle the complete project execution from designing to commissioning and the evacuation system up to delivery point. The company's total order book stands at about Rs 17,000 crore. NLC has been a forerunner amongst public sector enterprises in the energy sector, with large scale lignite production and significant share in thermal and

Storage of renewable energy essential to net zero transition: Aus experts

Australia's Commonwealth Scientific and Industrial Research Organization (CSIRO) on Wednesday called for significant investment in renewable energy storage to keep up with rising electricity demand

Renewable energy needs to be ramped up to meet global climate goals

Deployment of new wind and solar power plants needs to be drastically ramped up by the end of the decade to meet the world's climate goals, the International Renewable Energy Agency said Tuesday. In an advance preview of its annual report on the global shift from fossil fuels to clean energy, the agency said renewables accounted for 83 per cent of new power generation last year. Worldwide, the share of installed power generation coming from renewables reached 40 per cent in 2022, it said. But in order to halve greenhouse gas emissions by 2030 and put the world on track to cap global warming at 1.5 degrees Celsius (2.7 degrees Fahrenheit), existing targets for renewable power deployment would need to be more than doubled, the Abu Dhabi-based agency said. Governments agreed in the 2015 Paris climate accord to limit the global temperature rise to 2 C (3.6 F) ideally no more than 1.5 C above pre-industrial averages. The lower target would prevent significant harm from climate change

Tata Motors goes even greener: To launch exclusive showrooms for EVs

At the outset, the company intends to open ten stores in the top ten Tier-2 cities

India's renewable energy capacity reaches 168.96 GW: Minister R K Singh

India's total installed renewable energy capacity touched 168.96 GW mark by February 2023-end, Parliament was informed on Tuesday. Out of the total 168.96 GW, 64.38 GW is solar power capacity, 51.79 GW hydro, 42.02 GW wind and 10.77 GW bio power, R K Singh, Union Minister for Power, New and Renewable Energy, said in Rajya Sabha. Another 82.62 GW of green energy capacity is under implementation and 40.89 GW of capacity is under various stages of tendering, he said in a written reply to the upper House. A total of 3,16,754.86 MU of electricity has been generated from renewable energy sources during the current year 2022-23 (up to January 2023), Singh said. According to the minister, India's total power generation capacity was at 412.21 GW as on February 28, 2023. The government's aim is to achieve 500 GW of installed electricity capacity from non-fossil sources by 2030.

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

Corporates hopeful for green hydrogen; may pump Rs 16 trillion in 10 years

Industry experts have said that it will take a combination of technological advancements and regulatory support to boost the cost-effectiveness and viability of green hydrogen in the country

Renewable energy accounts for over 62% of Cambodia's energy supply: PM

Cambodian Prime Minister Hun Sen said on Tuesday that renewable energy has now made up over 62 percent of the Southeast Asian country's installed electricity capacity

Amplus Solar to set up 200 MWp wind, solar hybrid project at Tuticorin

Clean energy solutions provider Amplus Solar on Friday announced an association with EverRenew, an NTC group company, to set up a 200 MWp open-access solar power plant at Tuticorin, in Tamil Nadu. The 200MWp plant is expected to generate approximately 450 million units of green electricity in the first year of its operation itself, a company statement stated. The wind-solar hybrid plant in Tamil Nadu is Amplus' second open-access project in the state, it said. "We are happy to set up our first wind and solar hybrid with an experienced partner, EverRenew, in the state. "Wind-solar hybrids have vast potential in enhancing grid stability, and we look forward to setting up more such projects across the country in the coming years," Sharad Pungalia, MD and CEO of Amplus Solar, said. The hybrid plant will combine the power from co-located solar panels and wind turbines to produce an uninterrupted supply of green energy for commercial and industrial consumers in the state. Amplus Solar

Direct tax collection in FY23 likely to top govt's Revised Estimates

Until February, net direct tax collection stood at Rs 13 trillion

Rooftop solar for poverty alleviation

Currently, the rooftop-subsidy programmes run by the Ministry of New and Renewable Energy require consumers to bear about 60 per cent of the costs

Mines ministry in process of identifying mineral blocks in sea: Secretary

The government is in the process of identifying mineral blocks like nickel in the sea and would gradually put them on sale, mines secretary Vivek Bharadwaj said on Friday. The mines ministry is amending the Offshore Areas Mineral (Development and Regulation) Act, 2002 and has sought the stakeholders' views on the same. "Because the critical minerals are becoming even more critical, there is this thought that why are we not mining in the oceans...Unfortunately we have not been able to mine the oceans. Now we are amending the Act. It is in public domain, open for comments for the industry, the stakeholders," the mines secretary said during Metal & Metallurgy Expo-2023 organised by CII. The ministry, he said, is in the process of identifying these blocks in the sea and as there are no stakes in there, the auction will be done by the government of India. "That will also be a huge opportunity for industry, a totally new area of operations," he explained. Critical minerals such as ...

RBI may consider priority sector status to green hydrogen projects

The Department of Financial Services on Friday held a meeting, seeking suggestions for easing of financing provisions for the projects being taken up under the National Green Hydrogen Financing