Page 46 - Renewable Energy

National Portal to assist households to set up solar systems on their roofs

The portal would be a one-stop destination for residential consumers to register, install or hire a vendor to install a rooftop solar power system (RTS)

Economic Survey: Renewable energy account for 10% of electricity generation

The share of renewable energy in installed capacity is 22%

Budget 2022: Targeted incentives likely for promoting green hydrogen

The government may provide for targeted fiscal incentives and allocation of funds for promotion of green hydrogen in the country in Union Budget 2022-23, which is slated to be unveiled in Parliament on Tuesday. The government launched National Hydrogen Mission in 2021. Earlier this month, Power and New & Renewable Energy Minister R K Singh had indicated that a green hydrogen policy will be unveiled in February which would feature many incentives to boost green hydrogen in the country. "While 2021 saw the launch of National Hydrogen Mission, it is likely that the Budget may provide for targeted fiscal incentives for R&D in green hydrogen segment, creation of domestic supply chain for hydrogen and reduce customs duties on electrolysers to boost green hydrogen production," says Venkatesh Raman Prasad, Partner, J Sagar Associates (JSA). Prasad is of the view that India's commitment at COP 26 of achieving net zero emissions by 2070 and meet 50 per cent of energy requirements from .

India's renewable energy sector can employ 1 mn people by 2030: Study

Renewable energy sector has the potential to employ around one million people by 2030, and most of the new jobs would be generated by small-scale renewable energy projects, according to a study.

NTPC invites bids to set up 3GW energy storage facility in India

NTPC's arm, NTPC Renewable Energy Ltd (NREL), has invited bids for selection of developers for inter-state transmission system (ISTS)-connected energy storage facility of 3,000 MW capacity

ReNew Power joins hands with Fluence to offer energy storage solutions

The 50:50 JV will target the country's storage market, which is estimated to grow to 27 GW by 2030

Union Cabinet approves Rs 1,500 cr infusion in IREDA, says Thakur

The government on Wednesday decided to infuse Rs 1,500 crore in the Indian Renewable Energy Development Agency Limited (IREDA), raising its lending capacity to Rs 12,000 crore

Tata Power Renewable Energy commissions 100 MW solar projs in Uttar Pradesh

Tata Power Renewable Energy Ltd (TPREL) has commissioned two solar power projects of 50 MW each in Uttar Pradesh. A subsidiary of Tata Power, TPREL has comissioned the solar projects at Prayagraj and Banda, a statement said on Monday. The projects have been completed by TPREL within the agreed timelines despite COVID challenges. The plants are expected to generate more than 221.26 million units annually. Approximately 1,59,600 modules were used in the project at Prayagraj and the installation is expected to reduce 91,137 lakh tonnes of carbon emission every year. At Banda, 1,67,440 modules were used over 236 acres of land. The statement said the plants at Prayagraj and Banda are expected to reduce 1,77,037 lakh tonnes of carbon emission annually. Praveer Sinha, CEO & MD of Tata Power, the commissioning of the projects has strengthened its position as a leading renewable energy company. Despite the various COVID challenges faced by the industry, TPREL through Tata Power's EPC ar

2 bn units of renewable energy procured for aluminium smelter: Vedanta

Vedanta on Thursday said it has procured about 2 billion units of renewable energy through power exchanges for its aluminium smelter located in Jharsuguda, Odisha.

Artha Energy launches Fintech platform for investing in Renewable assets

Firm says this is first such fintech platform for HNIs to own and invest in renewable assets; the facility already has assets worth Rs 7 crore which includes four projects

What is at stake for the US biofuel blending law in 2022 and beyond

The program was designed to mandate certain volumes of renewable fuels to replace or reduce petroleum-based fuels

Renewable energy generation capacity addition to touch 16 GW in FY23: ICRA

India's renewable energy capacity addition is estimated to touch 16 GW in the next financial year in view of the strong pipeline of 55 GW clean energy projects, according to ICRA.

Zero the way to go

Over the past few years there has been a rapid shift in the strategy for waste management in the country

ReNew Power raises $400 million from global debt investors

The money will be used to refinance existing high-cost debt and fund capital expenditure

Cabinet approves Rs 12,000 crore Green Corridors-II for RE uptake in states

Projects will be set up in seven states in this phase, which aims to add 10,750 circuit kilometres (ckm) of transmission lines and 27,500 Mega Volt-Amperes (MVA) transformation capacity of substations

Best of BS Opinion: The infrastructure push, protect Aravalli range & more

Here is the best of Business Standard's opinion pieces for Thursday

A must-surge year for climate goals

India has just crossed 100 GW of renewable capacity, leaving us around 350 GW to install to hit 450 GW

Green energy capex on a charged-up rebound, says CRISIL analysis

Credit profiles seen stable, given strong accruals and investor interest

Reliance Industries arm acquires battery tech firm Faradion for GBP 100 mn

RIL will use Faradion's state-of-the-art technology at its proposed fully integrated energy storage giga-factory as part of the Dhirubhai Ambani Green Energy Giga Complex project in Jamnagar

NTPC arm to float global tender to set up Rs 15k-cr 3 GW RE project by Feb

The development assumes significance given India's ambitious target of having 175GW of renewable energy by 2022, including 100GW of solar and 60 GW of wind energy