Page 41 - Renewable Energy

'Integrating renewable energy in power system crucial to meet climate goal'

Integrating more renewable energy in the power system is crucial for India to meet climate goals, the Institute for Energy Economics and Financial Analysis (IEEFA) said. In its latest report, IEEFA has also suggested various measures to ramp up the share of clean energy in the country's power system. To cut emissions, India needs to increase renewable energy integration/absorption, the report said. "While India has been adding renewable energy capacity at a fast pace to meet its emissions intensity reduction target for 2030, the country needs to ramp up the share of clean energy in its power system. Integrating more renewable energy in the power system is crucial for India to meet climate goals," it noted. For India to meet growing electricity demand while addressing climate concerns, increased integration of clean energy, including variable renewable energy, is essential, IEEFA Energy Analyst and the report's author Charith Konda said. While raising non-fossil fuel power installe

Fossil-fuel demand for electricity may have peaked following RE's growth

From China to Europe, the capacities of solar, battery and wind power are surging, the Rocky Mountain Institute said in an analysis released Thursday

Tracking the sun with automation for efficiency in solar power production

Smart sensors, automated weather stations, machine learning algorithms comprise a market worth $10 bn

Centre may set mandates for industrial use of green hydrogen: Official

India has set a goal of producing 5 million metric tonnes of green hydrogen annually by 2030, with about 70% of that marked for export markets, he said

JSW Steel to double capacity in 3 yrs; renewables to power plants: Jindal

JSW Steel is aiming to nearly double its capacity to 50 million tonnes in the next three years, chairman Sajjan Jindal said on Thursday. The city-headquartered company is also aiming to shift to renewable sources of power to fire the entire 50 million tonnes of production, Jindal said speaking at an event organized by the Bombay Chartered Accountants Society late on Thursday evening. Today, at JSW Steel we are at 28 million tonnes capacity and next year we will be 37 million tonnes capacity and (in) three years' time we will be 50 million tonnes capacity, he said. He said the company is also paying a lot of emphasis on sustainability and has devised a plan to completely shift its power usage to renewable sources. "At JSW Steel, we would probably be the first steel company in the world which will be 50 million tonnes capacity and operate 100 per cent on renewable power, that is the plan we are doing, Jindal said. Jindal said as the company goes ahead with its planned capacity ...

Serentica Renewables inks pacts to supply green energy to industries

Serentica Renewables on Monday said it has signed agreements with multiple industrial customers for delivery of over 1.25 GW green energy. This is in addition to the 580 MW PDAs that were signed in March 2023, the company said in a statement. "Serentica has signed over 1.25 GW of new Power Delivery Agreements (PDAs) with multiple industrial customers. To ensure the round-the-clock green energy needs of its customers, Serentica will install 4 GW of renewable energy capacities across the country," it said. The projects will deploy both wind and solar capacities to be supplemented with balancing solutions like energy storage. Serentica is setting up these solar and wind capacities across the states of Karnataka, Maharashtra, Andhra Pradesh, and Rajasthan, where it has secured connectivity to the inter-state transmission system (ISTS). The overall portfolio will supply more than 9 billion units of clean energy annually, thereby offsetting 8.5 million tonnes of CO2, the company ...

Renewable energy firm Avaada Group completes Rs 10,700 cr-funding round

Renewable energy company Avaada Group on Wednesday said it has closed a funding round of Rs 10,700 crore. The funds will be used to bolster Avaada's green hydrogen, green methanol, green ammonia, solar manufacturing and renewable power generation ventures. "Avaada Group has announced the successful closure of Rs 10,700 crore (USD 1.3 billion) funding round, marking a historic moment for the green energy industry in Asia and India's renewable energy sector," the company said in a statement.

India ranked 67th globally on Energy Transition Index, Sweden on top: WEF

The World Economic Forum on Wednesday ranked India at the 67th place globally on its Energy Transition Index and said it is the only major economy with energy transition momentum accelerating across all dimensions. Sweden topped the list and was followed by Denmark, Norway, Finland and Switzerland in the top five on the list of 120 countries. Releasing the report published in collaboration with Accenture, the WEF said the global energy transition has plateaued amid the global energy crisis and geopolitical volatilities, but India is among the countries that have made significant improvements. "India is the only major economy with energy transition momentum accelerating across the Energy Transition Index's equitable, secure and sustainable dimensions," the WEF said. "For example, despite continued economic growth, India has successfully reduced the energy intensity of its economy and the carbon intensity of its energy mix, while achieving universal energy access and effectively ...

Centre to come up with list of critical minerals, draft policy this week

The critical minerals list is likely to have more than 40 minerals

Focus on stable power grid, renewables, not on green hydrogen, says GTRI

India should focus on ensuring a stable power transmission system and increasing renewables in the energy mix rather than on capital-intensive green hydrogen, think tank GTRI said in its report on Monday. Global Trade Research Initiative (GTRI) said that global private investments in green hydrogen are low, with rich countries providing substantial subsidies. India should carefully consider the viability and costs before subsidizing its use, GTRI co-founder Ajay Srivastava said. The report said that green hydrogen is 6-8 times more expensive than standard energy options, making it economically challenging and the cost of producing green steel using this hydrogen is 40-60 per cent higher compared to regular steel. "India should focus on stabilizing grid power and increasing its renewable energy share rather than investing in an expensive green hydrogen ecosystem," it said adding the transportation and storage of green hydrogen require specialized infrastructure due to its flammabili

Indian Railways, USAID collaborate on clean and efficient energy solutions

The partnership aims to reduce the carbon footprint of Indian Railways and work towards achieving the goal of net zero carbon emission by 2030

These 2 KP Group stocks have zoomed up to 67% thus far in June

Thus far in the month of June, KPI Green Energy (66 per cent) and K P Energy (56 per cent) have outperformed the benchmark S&P BSE Sensex index

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

Michelin with CleanMax Enviro to raise renewable energy usage to 37%

French tyre major Michelin has signed a power purchase agreement with CleanMax Enviro Energy Solutions Pvt Ltd aimed at increasing its renewable energy sources at its facility near here, the company said on Wednesday. The first long-term open access power purchase agreement would allow the tyre manufacturer to increase its use of renewable energy to 37 per cent from the current 11 per cent at its facility in Thervoy Kandigai located at about 45 km west of Chennai in neighbouring Tiruvallur district. "...in India we have been a pioneer in adopting multiple innovative green initiatives both inside and around outside our factory. Our partnership with CleanMax is one more concrete step by Michelin in India to contribute to our global green mission" Michelin Chennai plant director Florent Chaussade said. Michelin India has several green energy projects in and around its state-of-the-art manufacturing plant as part of the Michelin Group's global green mission to becoming carbon-neutral by

India's energy transition beyond dependence on renewables

Ramping up nuclear power is one option but requires incentives for the sector

Transmitting efficiency

New RE projects could address a major weakness

Maharashtra to generate 5,220 MW renewable power, create 6,760 new jobs

In a major initiative, the Maharashtra government has signed MoUs to set up projects to generate 5,220-MW of renewable energy at a cost of Rs 41,000-crore

What are green skills and which sectors are hiring for them right now?

As the industries shift towards more resource-conscious and eco-friendly goals, here is everything you need to know about green skills, job, and growing sectors

Solar power generation up 75% in MP, panels installed at 8,550 places

There has been a 75 per cent rise in the number of places using solar panels to generate electricity in the western part of Madhya Pradesh over a period of one year, an official from a power distribution company said on Tuesday. Electricity was being generated from solar panels at 4,900 places in 15 districts of western Madhya Pradesh in May-June last year, while this number has now increased to 8,550, the spokesperson of Madhya Pradesh western Region Power Distribution Company said. At present, solar panels have been installed at 8,550 places, which include hospitals, government offices and other premises, besides residences, he said. Solar panels of total 110 MW are installed at these locations, from which electricity worth at least Rs 5 crore is being generated every month this summer. The panels are installed on the rooftops of buildings at most places, the official said. Of these, solar panels of 59 MW capacity have been installed in the premises of low-tension consumers of ..

Peak power demand met touches all-time high of 223.23 GW on June 9

Peak power demand met or the highest supply of electricity touched an all-time high of 223.23 GW on June 9, showing the waning impact of unseasonal rains on consumption, government data showed. The power ministry had estimated that the peak power demand will easily touch 229 GW during this summer in April only. The unseasonal rains affected the demand and brought down temperature during summer, resulting in fewer use of cooling appliances like air conditioners which guzzle electricity, experts say. Taking proactive measures, the power ministry had asked well in advance all imported coal-based power plants to run at full capacity from March 16, 2023 to June 15, 2023, to meet any unprecedented rise in demand and consumption of electricity in the country. Besides, the ministry had asked the domestic coal-based thermal power plants to import coal for blending to avoid any shortfall of the dry fuel. The government data shows that peak power demand met was 215.97GW in April and 221.34GW