Page 48 - Renewable Energy

Power producers can now replace thermal with renewables under existing PPAs

The Ministries of Power, and New and Renewable Energy have revised the relevant norms as part of the larger efforts to have 500 GW of clean energy generation capacity by 2030

One Sun, many hurdles: Why cross-border flow of green energy won't be easy

Establishing the cross-border flow of green energy under the One Sun declaration will involve many complexities

India to achieve 50% clean energy share before 2030 deadline: Singh

India will easily achieve the target of 50 per cent share of energy from non-fossil fuels and also the 500-gigawatt (GW) renewable energy capacity before the deadline of 2030 set by Prime Minister Narendra Modi, said Power and New & Renewable Energy R K Singh. It assumes significance in view of Prime Minister Narendra Modi's pledge at the COP26 Climate Conference in Glasgow that India will achieve net zero carbon emissions by 2070. Modi also raised the nationally determined contribution (NDC) target of non-fossil energy capacity to 500 GW by 2030, from 450 gigawatts earlier. Talking to PTI, Singh said, "We are working hard towards the prime minister's target of 500 GW from renewable energy by 2030. We had said we will do 40 per cent (energy from non-fossil fuel) by 2030. We have reached 39 per cent. We will easily achieve the 50 per cent target by 2030. The prime minister has given the target till 2030, we will achieve...before that." He added that the prime minister has increased

Inter-ministerial coordination needed for higher RE investments: Experts

India's plan to expand its non-fossil energy capacity five-fold to 500 Gw by 2030 and meet half its energy needs from RE could add over $300 bn of investments in the sector

SWSL gets shareholder nod to issue shares to Reliance New Energy Solar

"The resolution at the EGM was passed with the requisite majority," according to a BSE filing

COP26: India will reach net zero emissions by 2070, says PM Modi

Modi also upped the renewable energy target of the country to 500 Gw by 2030

The green issues of tomorrow

Even while these efforts are underway, new threats to the environment are cropping up.

A disappointing G20

Its failure to agree on climate casts a shadow on COP26

Glasgow COP26: Riding on 450 GW, India to ask for more carbon space

Fissures between developed and developing world expected to widen

Cheap funding, govt sops power Indian firms' big bets on renewable energy

India is heavily dependent on imports, and local manufacturing capacities are inadequate. Several Indian companies are planning to plug this loophole

Climate change talks incomplete sans green energy focus: ISA's Ajay Mathur

In an interview with Jyoti Mukul & Shreya Jai, International Solar Alliance (ISA) Director-General (D-G) Ajay Mathur says India and the UK have combined their green grid initiatives

Adani Green Energy Q2 profit jumps nearly six-fold to Rs 100 crore

Solar energy sales grew by 41 per cent

Cabinet to okay COP26 pitch next week, govt seeks $100 bn climate funding

India to push 450 Gw RE, ask $100 billion climate funding, ask Global North to set up a mechanism for compensating 'loss and damage' caused due to climate change events

Steel maker AMNS India looking to foray into domestic renewable market

Steel maker AMNS India is looking to enter the domestic green energy market, the company's CEO Dilip Oommen said on Friday. AMNS India is a 60:40 joint venture between Luxembourg-based ArcelorMittal and Nippon Steel of Japan. In 2019, the two foreign entities completed the acquisition of Essar Steel Limited plant located at Hazira in Gujarat, and later renamed it as ArcelorMIttal Nippon Steel (AMNS) India. AMNS India is exploring opportunities in the Indian renewable energy market, Oommen said. Without sharing any further details, he said the business plan is being worked on at present. In August, Lakshmi Mittal, the executive chairman of the parent firm ArcelorMittal along with Oommen had met the then Gujarat chief minister Vijay Rupani. During the meeting, Mittal had committed an investment of Rs 1 lakh crore in the state, of which Rs 50,000 crore was to be utilised to expand capacity of Hazira plant and the remaining Rs 50,000 crore in the field of hydrogen gas and renewable ..

'India should plan strategic fuel reserves', says Power Secy Alok Kumar

Several reforms in power transmission for renewables are in the offing, says union secretary of power, Alok Kumar

India's 450GW renewable energy goal by 2030 doable, says John Kerry

US Special Presidential Envoy for Climate John Kerry on Wednesday said India's goal of reaching 450 GW of renewable energy (RE) by 2030 is doable as it has already crossed the 100 GW RE mark. "It is really terrific to see India leading the ISA (International Solar Alliance). India is a close partner and the United States strongly supports India's goal of reaching 450 GW of renewable energy by 2030. "We believe that it's absolutely doable and will be done. India has already set an example for emerging economies by reaching 100GW of renewables," Kerry said while addressing a session of ISA general assembly. He further said,"What India has demonstrated with its low-cost solar auctions and build out of the transmission grids and massive solar parts program and other innovative policy tools can be replicated all over the world." Noting that solar energy is at the heart of the urgent climate action, he urged nations to take dramatic action to keep the 1.5-degree Celsius temperature rise

World's shift to renewable energy could pay the price for fuel crisis

Low prices, until recently, for energy of all types might have left consumers with too-rosy a picture of how much they will pay for fuel.

Reliance Industries looks at global tie-ups in renewables, says report

Ballard Power could be one of potential collaborators in fuels cells, Saudi Aramco for green ammonia and Siemens Green Energies for carbon capture and storage

India most cost-effective globally in rooftop solar power: Report

Rooftop solar photovoltaics account for 40 per cent of the global solar photovoltaics installed capacity and one-fourth of the total renewable capacity additions.

China's power crisis will go global if renewables don't replace coal

With about two-thirds of the grid powered by coal, the cost of digging up the black stuff has determined how much industrial users pay for their power.