Page 6 - Renewable Energy Policy

India's solar output grows at slowest pace in 6 yrs in first half of 2024

The share of the fossil fuel in power output rose to 77.1% in the first half of 2024

Climate change cannot be ignored, says CJI, bats for green lifestyle

Flagging recent heatwaves followed by heavy rainfall in Delhi, Chief Justice of India (CJI) D Y Chandrachud on Tuesday said climate change cannot be ignored and stressed the need to adopt a "green lifestyle" to reduce carbon emissions. The CJI was speaking at a foundation stone-laying ceremony at Karkardooma, Shastri Park and Rohini here for trial court buildings in the capital. "This year, Delhi experienced the hottest-recorded weather. We have experienced two heatwaves followed by record-breaking rain in a single day. Our infrastructure must reflect the reality we live in -- climate change can no longer be ignored. "One crucial step is to incorporate a green lifestyle into our daily lives, which includes reducing carbon emissions. I was delighted to know that the new buildings will focus on heat-island mitigation and reduce environmental footprint," he said. The CJI referred to an 18th-century case, in which one Rama Kamati's servant was subjected to custodial torture to confess

Shell to pause construction work at Dutch biofuels project as market sags

It is rare for companies to suspend development of projects underway. Rival BP last week said it is pausing two biofuel projects in Germany and the United States

World Bank approves $1.5 bn loan to support India's green hydrogen push

This is the second round of funding from the World Bank towards India's green energy push

ICICI Prudential MF launches energy fund with eye on demand growth

Expects growing power demand, government's renewable push to generate value for investors

Tapping the wind

Govt support will help wind-energy projects

Will invest $100 bn in energy transition over next decade: Gautam Adani

Adani group will invest more than USD 100 billion (around Rs 835 crore) in energy transition projects and manufacturing capability to produce every major component required for green energy generation, its chairman said on Wednesday. Besides building solar parks to produce electricity from sunlight and wind farms that do the same from wind, the conglomerate is building major facilities to manufacture electrolyzers for making green hydrogen, wind power turbines and solar panels. Green hydrogen, which is made by splitting hydrogen from water with the help of electrolyzers powered by clean energy, is seen as a potential panacea for decarbonizing the industry as well as transportation. Speaking at 'Infrastructure - the Catalyst for India's Future' event of Crisil, Adani Group chairman Gautam Adani said energy transition and digital infrastructure are trillion-dollar opportunities which will transform India both at a local and at a global scale. "The next decade will see us invest more

India ranks 63rd on Global Energy Transition Index, Sweden on top: WEF

India has been ranked 63rd on a global Energy Transition Index released on Wednesday by the World Economic Forum, which said the country has shown significant improvement across energy equity, security and sustainability. European nations dominated the top ranks with Sweden topping the index, followed by Denmark, Finland, Switzerland and France in the top five. China was ranked 20th. The improvement shown by India and some other developing countries such as China and Brazil assumes significance as 83 per cent of countries have moved backwards from last year in at least one of the three energy system performance dimensions - security, equity and sustainability. Taking note of various initiatives taken in India, the World Economic Forum (WEF) said the country is leading the way in creating outcomes that can be replicated elsewhere. It said the governments can also consider creating awareness and policy interventions, such as guidelines for energy-efficient built infrastructure and .

Gruner to set up compressed biogas plant in Gujarat at Rs 220-cr investment

Gruner Renewable Energy on Monday said it will set up a compressed biogas (CBG) plant in Gujarat at an estimated cost of Rs 220 crore. The CBG plant in Navsari is expected to produce 44 tonnes of biogas per day (TPD) using cost-effective feedstocks such as paddy, pressmud, canetrash and of municipal solid waste (MSW). This equates to an annual production of over 16,000 tonnes of biogas, Gruner Renewable Energy said in a statement. "Gruner Renewable Energy, in collaboration with a leading business conglomerate, is all set to establish Asia's largest compressed biogas plant in Navsari, Gujarat. The estimated cost of this plant is approximately Rs 220 crore," it said. As India works towards decreasing reliance on fossil fuels, opening of plants like Navsari is going to play a critical role in meeting our goals of championing sustainable energy solutions, Gruner Renewable Energy Founder and CEO Utkarsh Gupta said. The establishment of CBG plants will significantly reduce the country's

Tata Power Renewable Energy deploys more than 850 e-bus charging points

Tata Power Renewable Energy Ltd (TPREL) on Wednesday said it has deployed more than 850 e-bus charging points at various locations in the country. The robust bus charging network has led to more than 1 lakh tonnes of tailpipe CO2 emissions savings, the company said in a statement The locations include Delhi, Mumbai, Ahmedabad, Bengaluru, Jammu, Srinagar, Dharwad, Lucknow, and Goa, the statement said. **** Mamaearth partners with Reliance Retail * Mamaearth, a personal care brand owned by Honasa Consumer, has partnered with the country's leading retailer Reliance Retail. This would make its range of products available at over 1,000 Smart Bazaar/ Smart Point stores across the country, the company said in a statement. Honasa Consumer Co-founder and CEO Varun Alagh said, "The partnership with Reliance Retail is also an extension of our endeavour to make products accessible to a wider set of consumers. We are 1,000 stores strong now and with the increasing demand for Mamaearth produ

Coal dependency, climate dilemma to hang over PM Modi in his third term

PM Modi will need to balance green ambitions against a need to sustain growth and satisfy rapidly accelerating electricity demand, leaning on a fraying power system still heavily dependent on coal

Maruti Suzuki set to invest Rs 450 crore for renewable energy projects

As part of its renewable energy strategy, Maruti Suzuki India has initiated operations at a biogas facility within its Manesar plant in Haryana, using its food waste and Napier grass

Tata Power planning to raise $1 bn loan for clean energy projects

India aims to nearly triple its green power capacity by the end of the decade and firms including Tata Power, Adani Green Energy Ltd. and Reliance Industries Ltd. are ramping up such efforts

France less attractive for renewable investment, says TotalEnergies

France hopes to have 45 gigawatts (GW) of offshore wind in operation by 2050 to achieve carbon neutrality

Renewable energy firm SAEL plans dollar bond sale targeting up to $500 mn

The offering also comes amid India's push to ramp up the renewable energy sector

India overtook Japan to become 3rd largest solar power generator in 2023

Rapid solar energy deployment in India pushed the country past Japan to become the world's third-largest solar power generator in 2023, according to a new report. The report by global energy think tank Ember said India ranked ninth in solar energy deployment in 2015. Solar produced a record 5.5 per cent of global electricity in 2023. In line with the global trend, India generated 5.8 per cent of its electricity from solar last year, as reported in Ember's "Global Electricity Review". Ember's Asia Programme director Aditya Lolla said, "Increasing clean electricity is not just for reducing carbon emissions in the power sector. It is also needed to meet the rising electricity demand in an increasingly-electrified economy and to decouple economic growth from emissions, which is crucial for tackling climate change." Solar maintained its status as the world's fastest-growing electricity source for the 19th consecutive year, adding more than twice as much new electricity worldwide as coal

IREDA surges 12% on heavy volumes post strong March quarter results

The company reported 33% YoY growth in net profit in Q4, and successfully reduced its net non-performing assets (NPAs) to 0.99 per cent from 1.66 per cent in the year ago quarter.

Inox Wind bags repeat order for 210 MW project from Hero Future Energies

Wind energy solutions provider Inox Wind on Friday said it has secured a repeat order for 210 MW for its 3 MW wind turbine generators from Hero Future Energies (HFE). Additionally, Inox Wind will also provide post-commissioning multi-year Operations & Maintenance (O&M) services, a statement said. The order is for (IWL) Inox Wind Ltd's state-of-the-art 3 MW Wind Turbine Generators (WTGs), and the scope comprises equipment supply with certain add-on services, according to the statement. The WTGs will be supplied to HFE from Q3 FY25 onwards and will be installed in South India. Kailash Tarachandani, CEO of Inox Wind, said, "We are thrilled to announce a large repeat order of 210 MW from Hero Future Energies, a longstanding partner. This order reinforces the confidence in our 3MW WTGs, being one of the most efficient turbines in its class. The addition of this order further re-emphasises our growth outlook.

Yellen in China: Beijing worried US planning more tariffs on green tech

As US Treasury Secretary Janet Yellen appeals to Chinese leaders to change their domestic manufacturing policies on the second day of an official visit, state media are receiving her message with skepticism, and anxiety about more US tariffs on green energy products. Yellen, who started her five-day visit in one of China's major industrial and export hubs, has focused thus far on what the U.S. considers to be unfair Chinese trade practices in talks with senior Chinese officials. The official Xinhua News Agency wrote Friday night that while Yellen's trip is a good sign that the world's two largest economies are maintaining communication, talking up Chinese overcapacity' in the clean energy sector also smacks of creating a pretext for rolling out more protectionist policies to shield U.S. companies. Chinese government subsidies and other policy support have encouraged solar panel and EV makers in China to invest in factories, building far more production capacity than the domestic ...

China solar industry faces challenges, but rock-bottom prices to persist

Overcapacity in China's solar industry is emblematic of the challenges facing the world's second-biggest economy