Page 43 - Renewable Energy

Energy revolution: Hitting the brakes on growth isn't fair to poor nations

In India and nearly everywhere else, utilities are the main customers of solar and wind power. But electricity is only one part of our carbon footprint

India taking various measures to encourage energy transition: BEE DG

As part of its net zero commitments, India is taking various measures to encourage energy transition for industries in the domestic market as well as at the global level, a senior government official has said. Abhay Bakre, Director General (DG) of Bureau of Energy Efficiency (BEE), further said that various forward-looking measures are slated to be discussed at the upcoming meets of the Energy Transitions Working Group (ETWG). BEE, under the ministry of power, promotes the use of energy-efficient processes, equipment, devices and systems. It takes various steps to encourage preferential treatment for the use of energy-efficient equipment or appliances. The meetings to be held under India's G20 presidency will focus on "accelerating energy transition in hard-to-abate sectors, need for expanding markets for low carbon industrial products through standards for green materials, and development of a common mission on energy efficiency that elevates, supports and invests with a particular

Coal to dominate India power mix until 2030 despite record renewables push

Modi's administration has previously opposed international efforts to set firm deadlines to phase out the use of coal and envisages a key role for the fuel for decades to come

Renewable energy's future in India to depend on innovation: Official

Future of renewable energy in India will depend on innovations and storage cost, stressed a top government official pointing towards unviable price of storing energy at present. This assumes significance in view of India's ambitious target of having 500 GW renewable energy by 2030. "The future of (renewable) energy is totally dependent on innovations and storage cost coming down, less space (for energy storage), utilize high energy density, and materials (used to produce energy storage), which are available safe for us," said Advisor to Prime Minister of India, Tarun Kapoor addressing at a conference 'India Energy Storage Week' here. Referring to recent tenders on energy generation bundled with storage, he pointed out that the energy price was some Rs 11 per unit (including Rs 2.5 per unit cost of solar energy in addition to charges for storage). He noted that currently, renewable energy is 22-23 per cent (of total amount fed into the grid). He was of the view that renewable energ

We have set a target of 60GW of renewable by 2032: NTPC Green's Bhargava

"The broader objective is that our renewables portfolio should be as large or as close to our coal-based portfolio by 2050," said NTPC Green Energy CEO Mohit Bhargava

Climate change talks see pushes for global renewable energy target

Germany called Tuesday for governments around the world to work on setting an ambitious target for renewable energy that would ring in the end of the fossil fuel age and help prevent dangerous global warming. Speaking at the start of a two-day meeting in Berlin attended by dozens of top climate envoys, German Foreign Minister Annalena Baerbock noted that the world needs to sharply cut greenhouse gas emissions in order to limit global warming to 1.5 degrees Celsius (2.7 degrees Fahrenheit). But we also know that not all countries are prepared to do so, she said. That is why I want to open the debate (...) on whether we should and can reach a target on renewables at the next climate conference. Baerbock's proposal flips the script on a previous push to set a deadline for phasing out all fossil fuels, which faced stiff resistance from major oil and gas exporting nations. They instead back the idea of capturing planet-warming emissions as a way to reducing greenhouse gas in the ...

Suzlon bags 69.3MW wind energy project from Juniper Green Energy

Renewable energy solutions provider Suzlon has bagged an order to develop 69.3 MW wind power project from Juniper Green Energy. The project is located at Surendra Nagar district in Gujarat and is expected to be commissioned in 2024, a company statement said. "Suzlon Group today announced the second order of the 3 MW product series for the development of a 69.3 MW wind power project for Juniper Green Energy Private Limited," it stated. The company, however, did not disclose the financial details of the order. "We are delighted to announce our first order with Juniper Green Energy Private Limited and our second order for the 3 MW series," JP Chalasani, CEO, Suzlon Group, said. Suzlon will install 22 wind turbine generators (WTGs) with a Hybrid Lattice Tubular (HLT) tower of their new product with a rated capacity of 3.15 MW each. This is the first major order for the company's largest turbine rated 3.15 MW, S144-140m from the 3 MW series. As part of the agreement, Suzlon will supp

Target, policy mismatch: Renewable energy developers set higher hurdles

India's latest tendering target is a case of ambition overtaking the policy environment for doing business

State-owned NTPC arm gets 500 MW renewable energy project from REMCL

State-owned power giant NTPC on Thursday said its arm NTPC Renewable Energy Ltd (NTPCREL) has bagged a 500 MW renewable energy round-the-clock (RE-RTC) project. The work has been awarded by REMCL, which is a joint venture (JV) company of the Ministry of Railways and RITES Ltd, NTPC said in a statement. "NTPC REL, a wholly-owned subsidiary of NGEL which in turn is a subsidiary of NTPC Limited, received Letter of Acceptance for 500 MW RE-RTC power from REMCL," it said. The capacity has been won in a competitive bidding process for a total 900 MW RE-RTC on offer, NTPC said, adding a power purchase agreement (PPA) will be signed with Indian Railways for 25 years. Through a combination of solar and wind power, the project would supply round-the-clock green energy to REMCL. NTPC, under the Ministry of Power, is the country's largest power producing company.

Vibrant Energy appoints Anirban Das as its Chief Investment Officer

Renewable energy solutions provider Vibrant Energy on Thursday announced the appointment of Anirban Das as its Chief Investment Officer. Vibrant Energy has announced the appointment of Anirban Das as the Chief Investment Officer (CIO) of the company, a statement said. Vibrant Energy is a portfolio company of Macquarie Asset Management's Green Investment Group (MAM-GIG) with a mission to lead the decarbonisation initiatives for corporate renewable energy customers and help them to attain a more sustainable, resilient, and low-cost energy future. In this role, Anirban will work closely with Srinivasan Viswanathan, CEO, leading all fund raising and investment activities across the capital stack for Vibrant, it stated. Anirban, an MBA from IIM Ahmedabad, brings with him a rich experience of more than USD 2.5 billion of infrastructure debt funding in India. Headquartered in Singapore and Hyderabad, Vibrant is operating and delivering more than 2GW of renewable energy solutions for ...

Suzlon bags order for 39-MW wind energy project from First Energy

Renewable energy solution provider Suzlon on Thursday announced that it has bagged a 39-MW wind power project from Thermax Group company First Energy. This order is part of a 100-MW wind-solar hybrid project by First Energy 5 Pvt Ltd, a company statement said. Suzlon will install 13 wind turbine generators (WTGs) with a hybrid lattice tubular (HLT) tower and a rated capacity of 3 MW each. The project, to be located at Thalaikattupuram, Tuticorin in Tamil Nadu, is expected to be commissioned in 2024. As part of the agreement, Suzlon will supply the wind turbines (equipment supply) and supervise the project including erection and commissioning. Suzlon will also provide comprehensive operations and maintenance services post-commissioning. J P Chalasani, CEO, Suzlon Group, said in the statement, "This is our first order with the (Thermax) group and features our 3 MW series product, which is one of the largest wind turbines in India today." Ravi Damaraju, Director, First Energy, said

No plans to extend ALMM for renewable energy player, says official

There are no plans to further extend the Approved List of Models and Manufacturers (ALMM) of solar photovoltaic modules at the moment, a senior government official said on Wednesday. Lalit Bohra, Joint Secretary at the Ministry of New and Renewable Energy (MNRE), has made the remarks at the annual 'Mercom India Renewables Summit 2023' in the national capital. Replying to a question on plans of extension to the ALMM, he said: "ALMM was only deferred for a year. As of now, we are very clear we are not extending it". The government earlier extended the ALMM by one year till March 2024 amid industry raising concerns over raw material availability and supply chain. ALMM was introduced to boost domestic manufacturing. The official further said that "the ministry on a regular basis keeps on interacting with industry stakeholders and actively addresses their issues with respect to projects". On a question related to include the ancillary and downstream industry under the production-linke

Brookfield to invest $1 bn in Avaada Group to fund green hydrogen project

Avaada currently operates a renewable energy portfolio of 4 gigawatt (GW) with plans to reach 11 GW by 2026

India to triple renewable projects auctions as 2030 green target looms

The nation is accelerating project installations to hit a goal to have 500 gigawatts of clean energy generation capacity in 2030

Renewable energy is our collective interest: Jaishankar at CARICOM meet

Jaishankar said that India's G20 Presidency is "not just for ourselves but also for the countries, who are not on the G-20 table."

JSW Group eyes share of country's infra boom, plans to spend $65 bn by 2030

Jindal said steel was "a cyclical business, and we cannot afford to have a high-leverage regime," according to the FT

Nayara Energy to expand business 50% by 2030, says Chief Alois Virag

He added that his company wants to contribute to making India more self-reliant and self-sufficient with petrochemical production

Denmark's energy consumption down in 2022 as renewables gain ground

In contrast, consumption of oil products increased by 5.3%, "primarily as a result of increased sales of fuel for domestic and international aviation from Danish airports"

NTPC mulls fresh offers for stake in green unit after top bidder pulls out

The fiscal year ended in March was expected to be a significant milestone for NTPC Green, the face of transition for the country's biggest coal consumer

Clean energy infrastructure may be included in harmonized master list

Small-sized projects below 500 megawatt are not offered anymore in the tenders by central government agencies