Page 26 - Renewable Energy

IAEA calls on PM Modi, praises India's record as responsible nuclear power

Prime Minister Narendra Modi on Monday underscored India's enduring commitment to safe and secure use of atomic energy for peace and development in a meeting with International Atomic Energy Agency (IAEA) Director General Rafael Mariano Grossi. Grossi, who called on Modi, commended the country's impeccable record as a responsible nuclear power and praised its progress in nuclear science and technology, particularly highlighting the development and deployment of indigenous nuclear power plants, the PMO said. In the meeting, Modi shared India's ambitious goals to enhance the share of environmentally friendly nuclear power generation capacity as part of its energy mix. Grossi, the statement said, acknowledged India's global leadership role in civil nuclear applications for societal benefits. This includes the remarkable progress that India has made in utilising nuclear technology to address the challenges faced by humankind including those related to health, food, water treatment, ...

ONGC wins bid to acquire PTC India's wind power unit for Rs 925 crore

Oil and Natural Gas Corporation (ONGC) has won a bid to acquire PTC India Ltd's wind power unit for Rs 925 crore as the state-owned firm continues to build a renewable energy portfolio to balance its fossil fuel business. In a stock exchange filing, India's top oil and gas producer said it has over the years diversified into the petrochemicals and power business besides growing its core business of finding hydrocarbons. ONGC said it has taken various initiatives for renewable energy power generation and already has 189 megawatt (MW) capacity, including wind and solar PV plants spread across various locations. "With a vision to expand its business in renewable energy, the company had participated in the bidding process for acquisition of 100 per cent equity stake of PTC Energy Limited (PEL), a wholly-owned subsidiary of PTC India Limited (PTC)," it said. The PTC board last week approved ONGC's bid for the acquisition of a 100 per cent equity stake in PEL at an equity value of Rs 925

Investment in solar expected to be $380 billion this year, says ISA

The DH further said that the ISA is supporting the growth of 9.5 GW of solar energy in projects across the world

India sets up inter-ministerial group for climate negotiations strategy

India has set up an inter-ministerial group to develop a "well thought-out view" on important matters to be discussed during global climate negotiations, according to sources. Constituted in August, the inter-ministerial group on climate change comprises members from all the ministries and departments concerned, including the Ministry of Environment, Forests and Climate Change, Ministry of Power, Ministry of New and Renewable Energy, and the Department of Economic Affairs, a source told PTI. The group will hold discussions mainly on five issues -- mitigation, adaptation, loss and damage, climate finance and Article 6 of the Paris Agreement. Five sub-groups, one for each topic, have been formed to hold detailed discussions. Each sub-group has five to six officials at the joint secretary level, the sources said. Mitigation means reducing greenhouse gas (GHG) emissions and adaptation refers to the process of adjusting to the effects of climate change. Loss and damage refer to the imp

India's green hydrogen mission is high on ambition but low on resources

The subsidy per unit of green hydrogen output is minuscule compared to what Western powers are offering, and unconvincing for domestic offtake

NLCIL incorporates wholly-owned arm NIGEL for commissioning green projects

NLC India Ltd on Monday said it has incorporated a wholly owned arm NLC India Green Energy Ltd (NIGEL) for commissioning of green projects. NIGEL will take care of planning, participating in upcoming renewable energy tenders, execution and commissioning of green energy projects, NLC India Ltd (NLCIL) said in a statement. The arm is likely to achieve 5 GW capacity by 2030 and contribute for carbon emission reduction, NLCIL Chairman and Managing Director Prasanna Kumar Motupalli said. The navratna public sector undertaking has already incorporated a wholly owned arm NLC India Renewables Ltd for asset monetisation. At present, 2 GW of renewable energy projects are under implementation and will be taken up by NIGEL, including 600 MW solar power project in Gujarat and 810 MW solar photovoltaic power project in Rajasthan. The company's registered office is in Chennai and will start business operations in due course, as per the statement.

Indian Oil to invest Rs 1,660 cr in exchange for 50% stake in JV with NTPC

Indian Oil also announced the appointment of Anuj Jain as its chief financial officer

Call for fossil fuel phase-out on global stocktake agenda: UN report

Calls to phase out unabated fossil fuels, reform subsidies on it and triple global renewable energy capacity may find their way into the outcome of the first-ever global stocktake, a periodic assessment of collective efforts to achieve the Paris Agreement goals. Initiated in Glasgow in 2021, the first-ever global stocktake will conclude at the annual climate talks (COP28) in Dubai in December. The United Nations Framework Convention on Climate Change (UNFCCC) recently released a report summarising submissions made by countries and non-party stakeholders regarding the political response to the global stocktake. "They will inform negotiations but there's no guarantee any particular element will make it into the final text. With that said, fossil fuel phase-out is prominently featured in this long list of possible decision elements," Natalie Jones, a policy advisor at climate policy think tank International Institute for Sustainable Development (IISD), said. According to the UNFCCC ..

Foreign participation shrinks by 25% at India's renewable energy expo

Participation of foreign exhibitors, including China, has come down to around 25 per cent at the 16th edition of the Renewable Energy India Expo against an average of 45 per cent earlier. This year size of the Chinese contingent has shrunk due to visa issues amid the prevailing situation between India and China, Informa Markets India's senior group director Rajneesh Khattar said. China is the dominating player in solar energy worldwide, he noted. However, the void has been filled by home-grown domestic entrepreneurs with the expo being held in Greater Noida -- turning out to be the largest ever in terms of size and scale, he said. "Traditionally, over the years we have seen around 45 per cent international component (participation). This year, as everyone knows, Chinese companies and citizens have not been able to get visas due to the political situation between the two countries. So, because of this, we have seen the loss of China," Khattar told PTI. "However, home-grown Indian .

Energy efficiency, RE pillars to achieve goal of net-zero emissions: Prez

President Droupadi Murmu on Thursday said energy efficiency and renewable energy are the key pillars for achieving India's goal of net-zero emissions. Addressing officers of the Central Power Engineering Service (2018, 2020 and 2021 batches) and probationers of the Indian Trade Service (2022 batch), who had called on the president at the Rashtrapati Bhavan here, Murmu said the power sector is one of the prime movers for India's development. "One of the indicators of the socio-economic progress of a country is energy demand and consumption. Therefore, as India moves ahead to become the third largest economy of the world, demand and consumption of power will certainly increase, which will further drive the country's development," she said. The president asserted that energy efficiency and renewable energy are the key pillars for achieving India's goal of net-zero emissions. According to the International Energy Agency (IEA), energy efficiency is called the "first fuel" in clean energ

Renewable tech can improve energy security by diversifying supply: IWTMA

Renewable technologies can improve energy security by diversifying power supply options, a senior official of the Indian Wind Turbine Manufacturers Association said on Wednesday. The future lies in round the clock power through renewable energy. The solution lies in wind or solar energy equipment, the Association's secretary general D V Giri said in a release. "Renewable energy is providing affordable electricity and can also help stabilise energy prices in the future. Renewable technologies can also create a system less prone to market shocks and improve energy security by diversifying power supply options that are currently available," he said during the inaugural of the three-day "wind energy India 2023." Tamil Nadu Generation and Distribution Corporation Ltd Chairman and Managing Director Rajesh Lakhoni, Danish Ambassador to India Freddy Svane who were present on the occasion underscored the need for a collaboration, policy reforms and technology innovation to accelerate the ...

Tamil Nadu govt to explore large scale green energy storage options

Tamil Nadu is exploring a hybrid storage model, in which pumped storage power plants (PSP) will be used to store excess energy from solar, wind, and other sources

RSOLEC to invest $300 million into solar manufacturing venture in India

Renaissance Solar and Electronic Materials on Tuesday announced its solar manufacturing venture and a plan of USD 300 million investment in India. "Renaissance Solar and Electronic Materials (RSOLEC), an innovative solar enterprise with operations in India and the USA, today announced its official launch and establishment, accompanied by a significant planned investment of about USD 300 million," a company statement said. With global reach and expertise in differentiated solar and electronic materials manufacturing, RSOLEC is set to revolutionise the industry with a strategic focus on Solar Crystal Growth and Wafering, it stated. The launch of RSOLEC aligns with India's "Atmanirbhar Bharat" mission, showcasing the country's capabilities in the state-of-the-art solar value chain. The company's primary focus for the next five years will be on crystal growth and wafering in India, contributing significantly to the country's strategic solar manufacturing capacity, it stated. Over the

Solar and wind set to power two-thirds of India's growth by 2032: Analysis

Solar and wind energy are poised to drive two-thirds of India's power generation growth by 2032 if the nation successfully attains its renewable energy targets, according to a new analysis conducted by the global energy think tank Ember. Solar power in India has evolved significantly since 2017 when it accounted for only 1 per cent of the country's power mix. Should India meet its solar targets outlined in the 14th National Electricity Plan (NEP14), its share is expected to surge from 5 per cent to 25 per cent during the financial year 2022-2032, marking a period of rapid expansion. This suggests that India's power generation growth, which was predominantly coal-driven over the past decade, could shift toward solar and wind sources in the next ten years, provided that India stays on course to achieve its NEP14 objectives, as per Ember's analysis. Meanwhile, as India's adoption of solar energy broadens, there is an increasing demand for significantly greater storage capacity to manag

RE India Expo to bring investments worth Rs 1,500 cr in biogas segment: IBA

Industry body Indian Biogas Association (IBA) expects around Rs 1,500 crore investment announcement in the biogas segment during 3-day long Renewable Energy India Expo 2023, beginning on Tuesday. The IBA comprises operators, manufacturers, and planners of biogas plants. "Renewable Energy India Expo 2023 (REI) will bring an opportunity worth Rs 1,500 crore. The participation is expected to increase by 25 per cent from last year," an IBA statement said. According to the statement, major Indian conglomerates like Reliance Industries and Adani Solar will be part of the REI. The Ministry of New and Renewable Energy and National Institute of Bio Energy is supporting the biogas pavilion. The REI is scheduled to be held from October 4 to 6, 2023 at the India Expo Centre, Greater Noida, Uttar Pradesh. The expo is one of the largest trade expositions and events, focusing on renewable energy (bio-energy, solar, and wind) and energy efficient technologies including electric vehicles and bat

Tata Steel commissions floating solar power project in Jamshedpur works

Tata Steel on Friday commissioned a 10.8-MW capacity floating solar power project on the upper cooling pond of its Jamshedpur plant in Jharkhand. A total of 20.34 MW of solar projects have been commissioned in various facilities at Tata Steel in Jamshedpur, the company said in a statement. The floating solar project was commissioned by Tata Power under an agreement with the steel major for the installation of a total of 41MW with a combination of rooftop, floating and ground-mounted solar panels across its locations. Earlier, rooftop solar projects at the central warehouse, cold rolling mill, wire rod and hot strip mills, totalling 7.65 MW and a 2 MW ground-mounted solar project at Sonari Airport have already been commissioned.

India need subsidies to meet renewable energy targets: Energy Vault exec

Renewable electricity available at any time of the day and night "is sort of a holy grail," Piconi said. "It's not achievable with the current technologies, because they are not economical."

'Net zero goal still alive', says IEA but world still faces major obstacles

Net zero goal still alive, says IEA but the world still faces major obstacles to reach it

Net Zero by 2050 still possible with rapid renewables expansion: IEA

The report comes amid concerns of backsliding on climate and environmental commitments in Europe after the UK deferred its own ban on combustion engine cars by five years to 2035

India to achieve 500 GW renewables target before 2030 deadline: R K Singh

Union Power and New & Renewable Energy Minister R K Singh on Monday said India will achieve its 500 GW renewable energy target before the 2030 deadline. Addressing FICCI's India Energy Transition Summit 2023, Singh also said had India not lost two years due to COVID-19, the nation would have achieved 50 per cent of its power generation capacity from RE non-fossil fuels, by now. India has 424 GW of power generation capacity which includes around 180 GW from non-fossil fuels and another 88 GW is in the works, the minister said. The country has a target of 500 GW of renewable energy capacity by 2030. "We will achieve 500 GW of renewable energy (RE) well before 2030," he said. Singh also said India's energy transition programme is at the top in the world. The RE capacity addition is the fastest in the world. New and Renewable Energy Secretary Bhupinder Singh Bhalla said India added 15 GW of renewable energy in the last fiscal year (2022-23) which would be increased to 25 GW in 2023-2