Page 9 - Renewable Energy Policy

G20 Summit: 'Green' shoots seen in climate declaration, not much on fossils

Critical minerals, green fuels found honorary mention in the declaration. India has been pitching for building its own critical mineral procurement and green fuels export supply chain

The buzz in clean energy

Renewable energy is experiencing a global surge, and India is among the five nations at the forefront of this change

Biofuel alliance can generate opportunities worth $500 bn in next 3 yrs

Biofuel alliance can generate opportunities worth USD 500 billion in the next three years for G20 countries, according to Indian Biogas Association (IBA). Biofuel alliance can be a win-win situation for G20 countries and the environment, IBA said. According to a study by the IBA, the biofuel alliance can generate opportunities worth USD 500 billion in the next three years for G20 countries. The findings of the study assume significance as India is currently hosting the G20 leaders' Summit in New Delhi. Biogas can generate an opportunity of USD 200 billion, considering the least investment required, compared to other energy generation options and easy availability of raw materials, it stated. Bioenergy/Biogas, in principle, has the potential to replace fossil fuels completely, especially to decarbonize the transport sector, it pointed out. In 2016, the G20 adopted a voluntary action plan on renewable energy, which committed members to increase the share of renewable energy in thei

G20 aims to triple green energy capacity; no mention of fossil phase-out

G20 countries on Saturday said they will aim to triple global renewable energy capacity by 2030 and expedite efforts to phase down coal power in line with national circumstances but did not commit to a phase-out of all polluting fossil fuels, including oil and gas. The language on coal aligns with what was agreed upon in the previous G20 Summit in Bali, Indonesia. The bloc, which represents 85 per cent of the world's GDP and contributes 80 per cent of emissions, however, said it will uphold their 2009 promise made in Pittsburgh to eliminate and rationalise inefficient fossil fuel subsidies. According to a key technical report on the first-ever Global Stocktake published on Friday, scaling up renewable energy and phasing out unabated fossil fuels are indispensable elements of just energy transitions to net-zero emissions. The G20 is home to 93 per cent of the world's operating coal capacity (1,926 GW) and 88 per cent of (305 GW) the pre-construction coal capacity, according to a rep

India to become green fuel destination for shipping sector: R K Singh

Singh said that the Centre will come out with pilot projects for the storage of green hydrogen and green ammonia for round-the-clock renewable energy

RecycleKaro to invest Rs 100 crore to set up Nickel plant in Maharashtra

Lithium-ion battery recycling firm RecycleKaro on Thursday said it plans to invest Rs 100 crore for setting up a nickel plant in Maharashtra with a capacity to produce 1,200 tonnes of the metal annually. Spread across 17 acres of land, the upcoming facility at Palghar district of the state will incorporate a plant capable of producing nickel from scrapped lithium-ion batteries and nickel hydroxide, RecycleKaro said in a statement. The plant will commence production by the end of 2023, it said. This venture is aimed at completing the value chain of a circular economy and meeting the surging demand for lithium-ion batteries in India's fast expanding electric vehicle market, the company said. "RecycleKaro announces its ambitious plans to establish a nickel metal plant, with a substantial investment of Rs 100 crore, in Maharashtra," the company said in a statement. The plant is expected to produce 1,200 tonnes of nickel annually, with 30 per cent of the production allocated for use in

India to reduce coal-based power; targets over 64% renewables by 2030

It is not true that India is not reducing coal-based power generation capacity in the energy mix, a senor government official said, adding that the country is targeting over 64 per cent of non-fossil fuel-based capacity by 2030. India has set the target of having 500GW of renewable energy by 2030. Coal-based power generation, however, ensures stable operation of the electricity transmission grid. "It is not true that we are not reducing coal. We are in the business of energy transition. But keeping in mind energy security and supply to each and every consumer, we have to provide electricity to all types of consumers including commercial, domestic and industrial," Chairman, Central Electricity Authority, Ghanshyam Prasad said at the BCC&I Environment and Energy Conclave here. India's power infrastructure is mostly dominated by coal (based generation) as it constitutes more than 50 per cent in terms of capacity. In terms of output, the share of fossil fuel-based energy is 70 to 74 ..

Equinor inaugurates world's largest floating wind power farm in Norway

Its 88 megawatts of capacity will cover around 35% of annual power demand for five platforms at the Snorre and Gullfaks oil and gas fields in the North Sea, about 140 kms (87 miles) off Norway's west

Tata Power Delhi Distribution exceeds renewable purchase target for FY23

Tata Power Delhi Distribution on Thursday said it has fulfilled the renewable purchase obligation for the third year in a row and bought 26 per cent of electricity from clean energy sources in 2022-23. Under the Renewable Purchase Obligation (RPO), discoms are required to source a fixed percentage of their total power purchase from renewable energy sources. "Tata Power Delhi Distribution Ltd has fulfilled the RPO for the third consecutive year, a unique feat for any discom in the country," a company statement said. The company, which supplies electricity to 70 lakh people in north and northwest Delhi, sourced 2,600 million units of green power in 2022-23 from various sources of renewable energy, including solar, wind, and hydro, it said. Renewable power constituted more than 26 per cent of the total units sold by the company to its consumers, it added. The RPO percentage varies from state to state and is fixed by the respective electricity regulatory commission. For the national .

269 inter-state power transmission projects completed since 2014: Govt

As many as 269 inter-state power transmission projects have been completed since 2014, which includes 45 projects under tariff-based competitive bidding mode, Parliament was informed on Thursday. "269 inter-state Transmission System (ISTS) projects have been completed since 2014, out of which 45 projects are under Tariff-Based Competitive Bidding (TBCB) mode and 224 projects, executed by Power Grid Corporation of India (POWERGRID), are under Regulated Tariff Mechanism (RTM) mode," Union Power Minister R K Singh said in a written reply to Lok Sabha on Thursday. Singh further informed the House that as many as 63 ISTS projects are under progress, out of which 32 projects are under TBCB mode and 31 projects being executed by POWERGRID are under RTM mode. ISTS projects are not awarded under engineering, procurement, and construction (EPC) or build, operate, transfer (BOT) mode. ISTS projects are awarded either through TBCB mode to successful bidders with the lowest quoted tariff or ..

Juniper Green Energy crosses 1.2GW of renewable energy generating capacity

Renewable energy producer Juniper Green Energy on Tuesday said it has crossed 1.2GW of renewable energy generating capacity. Juniper Green Energy crossed 1.2 GW of renewable energy capacity with the recent PPAs/LOAs (power purchase agreements and letter of award) secured in the last few months, a company statement said. The company, an independent renewable energy power producer and operator of solar, wind and hybrid power projects, was recently awarded 190 MW of Wind capacity from GUVNL and 105 MW of Solar capacity from MSEDCL at an average tariff of Rs 3.00 (around USD 0.037) per kWh, it said. These projects were awarded through competitive bidding, followed by an e-Reverse auction held by Gujarat Urja Vikas Nigam Limited (GUVNL) and Maharashtra State Electricity Distribution Company Limited (MSEDCL). As per bid terms, PPA shall be signed between the entities for 25 years, and the projects will be commissioned within 18-24 months. Additionally, the company has started constructio

Solar Energy Corp proposes JV with Reliance to supply green energy

Solar Energy Corp, has offered oil-to-telecoms conglomerate Reliance Industries a 51% stake in a joint venture to supply renewable power to the latter's refineries and other manufacturing plants

Adani Group planning world's largest, 20 GW hybrid energy plant in Gujarat

The company intends to build the facility faster than any project in its execution history, Gautam Adani said

India's renewable energy installations to reach 45 GW in next 2 yrs: Report

Annual renewable energy (RE) installations in FY24 are to be around 20 GW, led by the solar sub-segment, CareEdge Ratings said on Thursday. This is based on the healthy pipeline of over 55 GW assets under development. The subsequent year is expected to see installations of 25 plus GW, leading to a cumulative increase of 45 GW over the next two fiscal, the rating agency said in a sectoral note. The solar sub-segment is expected to lead the way in terms of installations, followed by wind and hybrid capacity. The commercial and industrial segment is also expected to contribute significantly to future capacity additions. These projections are based on the government's commitment to ensuring the bidding of approximately 50 GW of annual capacity for the next five years to facilitate the achievement of the target of 500 GW capacity through non-fossil fuel sources by 2030. This will require annual RE installations to exceed 40 plus GW. The trajectory for FY24 includes 10 GW of wind capaci

India achieves 173GW RE capacity, 120GW under implementation: Bhalla

India has achieved 173GW of installed renewable energy capacity while another 120GW is under various stages of implementation, a top official said on Thursday. This assumes significance in view of India's target of having 175 GW of renewable energy capacity by 2022, which included 100 GW from solar, 60 GW from wind, 10 GW from bio-power and 5 GW from small hydro-power. India's installed renewable capacity is 173.61GW which includes 67.82GW of solar, 43.19GW of wind energy, 46.85GW of large hydro and 4.94GW of small hydro (of up to 25MW each), according to the latest official data. "India's efforts for accelerating energy transition have been robust and decisive. Out of the total installed renewable energy capacity of over 173GW currently, India has the fourth largest high capacity in the world with another 120GW (of renewables) at various stages of implementation," said New & Renewable Energy Secretary Bhupinder Singh Bhalla while addressing the US India Energy Summit on Thursday .

Serentica to source 1500 MW green energy a day from Greenko Group

Serentica Renewables (Serentica) on Monday said it has signed an agreement with Greenko Group for taking daily supply of 1,500 megawatt (MW) from energy storage facilities. The power will be sourced from Greenko Group's upcoming energy storage projects in Andhra Pradesh and Madhya Pradesh and supplied to industrial customers, Serentica said in a statement. "Serentica has signed a first-of-its-kind standalone energy storage capacity offtake contract with global energy storage developer, Greenko Group. As part of this contract, Serentica will leverage Greenko's unique energy storage capabilities to utilise a cumulative 1,500 MWhr capacity," it said. The agreement is for a period of 25 years. Pratik Agarwal, Director, Serentica Renewables, said, long duration energy storage is critical to decarbonizing the country's energy consumption and reducing greenhouse gas emissions. The unique energy storage capacity offtake contract with Greenko puts Serentica on an accelerated trajectory in

World Bank approves $1.5 bn financing for India's low carbon energy sector

The financing will help India promote low-carbon energy by scaling up renewable energy, developing green hydrogen and stimulating climate finance for low-carbon energy investments, the bank said

PM Modi's Egypt visit: Expanding ties in trade, renewables, IT discussed

PM Modi meets Egypt's 'India Unit' focussed on forging closer relations with India

Punjab announces Rs 300 cr incentive to promote use of electric vehicles

Punjab's transport minister Laljit Singh Bhullar has said the state government will provide incentives worth around Rs 300 crore in the next three years to promote the adoption of electric vehicles (EVs) and reduce pollution. These incentives will be provided on electric two-wheelers, e-cycles, e-rickshaws, e-autos and electric light commercial vehicles. He directed the officials of the transport department to write a letter to the finance department for creating a dedicated EV fund to facilitate initiatives for the adoption of the EVs in the state. He was presiding over a meeting of the state level EV committee, which has been set up for the implementation of the Electric Vehicle Policy-2023, here on Wednesday. According to an official statement, Bhullar took details of the responsibilities entrusted to various departments concerning the implementation of the EV policy and asked officials to ensure speedy implementation. Bhullar instructed the Punjab State Power Corporation Ltd a

Industry body WIPPA suggests 4 measures to boost wind energy progress

Industry body WIPPA on Friday suggested four measures to boost progress in the wind energy sector. "At the central government, we request the implementation of the four policies implementation of the bidding plan, ISTS (inter-state transmission system) open access, fixing the missing links in LPS (late payment surcharge) and greater facilitation of offshore wind bids," Wind Independent Power Producers Association (WIPPA) president Parag Sharma said in a statement. The body, with the support of the Ministry of New and Renewable Energy (MNRE), will organise an event on Sunday to increase awareness of wind energy ahead of the Global Wind Day on June 15, the statement said. Global Wind Day run here on June 11, 2023, will highlight the MNRE and WIPPA's role in reviving India's wind sector. Global Wind Day Conference 2023 was also organised in Pune on Thursday. Dinesh Dayanand Jagdale, Joint Secretary at MNRE, expressed satisfaction at adding gigawatts on the ground now, and at the ...