Page 4 - Renewable Sources

India's energy sector has undergone a remarkable transformation: RK Singh

India's energy sector has undergone a remarkable transformation, aimed at providing reliable, affordable and sustainable energy to its people, Union Minister RK Singh said on Sunday.The Union Minister for Power and New and Renewable Energy was speaking after India and Saudi Arabia signed a Memorandum of Understanding in Riyadh in the fields of electrical interconnections, green hydrogen and supply chains.As per the Ministry of Power, the MoU was signed between Union Minister for Power and New & Renewable Energy, RK Singh and the Minister of Energy, Government of Saudi Arabia, Abdulaziz bin Salman Al-Saud on the sidelines of the Middle East and North Africa (MENA) Climate Week in Riyadh on Sunday.This MoU aims to establish a general framework for cooperation between the two countries in the field of electrical interconnection; exchange of electricity during peak times and emergencies; co-development of projects; co-production of green/clean hydrogen and renewable energy; and also

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 ..

Need investments to reduce green hydrogen production cost: Ireda CMD

The cost of producing green hydrogen can be lowered through investments in research, development, and innovation, state-owned Ireda CMD Pradip Kumar Das has said. He made the remarks while addressing the AtoZero (Accelerate to Net Zero) ASEAN Summit in Kuala Lumpur in Malaysia, the Ministry of New and Renewable Energy (MNRE) said in a statement. "Das highlighted the importance of reducing the cost of Green Hydrogen through investments in research, development, and innovation. These investments aim to identify cost-effective methods for green hydrogen production," it added. He also advocated for leveraging economies of scale in transportation (including pipeline and liquefaction) and storage facilities by establishing hydrogen hubs. These hubs would promote greater utilisation of infrastructure, further advancing the green hydrogen sector. Indian Renewable Energy Development Agency (Ireda) has also set up a pavilion at the event, which was inaugurated by Deputy Prime Minister of ...

Amplus, Microsoft ink initial pact to enhance RE remote monitoring solution

Clean energy solution provider Amplus on Thursday said it has entered into an initial pact with Microsoft to enhance and market its renewable energy remote monitoring solution. The two companies signed a long-term Renewable Energy Agreement last year for a 100 MW solar power project in Rajasthan, the company said in a statement. Amplus is collaborating with Microsoft through a Memorandum of Understanding (MoU) to enhance and market Amplus's innovative Renewable Energy Remote Monitoring Solution, it stated. According to the statement, the strategic collaboration promises to usher in a transformative era in RE plant performance monitoring on the proposed future energy platform supported by Generative AI. "This collaboration marks a pivotal moment for both Amplus and the renewable energy industry. As part of this new collaboration, we are eager to harness the power of Generative AI and Large Language Models to set new standards for the co-development of the proposed future energy ...

Gujarat's new policy to generate 50% power via renewable sources by 2030

Gujarat Energy Development Agency (GEDA) will act as nodal agency for project registration, validation, commissioning certificate and monthly progress report

ONGC inks pact with NTPC Green for renewable energy projects

State-owned Oil and Natural Gas Corporation (ONGC) has signed an initial agreement with NTPC Green Energy Ltd to explore setting up green hydrogen and offshore wind projects. The Memorandum of Understanding (MoU) "will primarily explore the feasibility and setting up of renewable energy projects in various domains," ONGC said in a statement. The MoU was signed by ONGC executive director Debdulal Adhikari and NTPC Green Energy Ltd (NGEL) CEO Mohit Bhargava in the presence of ONGC chairman and CEO Arun Kumar Singh and NTPC chairman and managing director Gurdeep Singh. "The MoU envisages collaboration of the two mega entities in renewable power projects in India and overseas through offshore wind projects and exploring opportunities in the storage, e-mobility, carbon credits and green credits, nuclear, green hydrogen business and its derivatives (green ammonia and green methanol)," it said. ONGC is India's largest crude oil and natural gas producer while NGEL is a subsidiary of the ..

Oil India Ltd to invest Rs 25,000 crore in renewable energy by 2040

The company will invest in green hydrogen, solar, geothermal energy, 2G ethanol plant, compressed biogas plants, and carbon capture utilisation and storage (CCUS)

Equinor inaugurates world's largest floating wind power farm in Norway

Its 88 megawatts of capacity will cover around 35% of annual power demand for five platforms at the Snorre and Gullfaks oil and gas fields in the North Sea, about 140 kms (87 miles) off Norway's west

First Solar to invest billions of dollars in India's solar panel production

During PM Modi's visit to the US, both nations pledged to establish investment platforms to attract international private finance and accelerate the deployment of renewable energy projects in India

Taylormade Renewables board approves proposal to shift shares to BSE

However, the decision remains subject to necessary approvals and eligibility criteria prescribed by the BSE/SEBI, the company said in a regulatory filing

​1.5 Gw electrolyser projects: Centre fleshes out details of 1st H2 mission

The base incentive will start from Rs. 4,440 per kilowatt and gradually decrease every year. The incentive period will be five years

HP govt signs MoU with Oil India to develop new renewable energy sources

"We clarify that fresh ECs will have to be obtained even by the successful bidders...," the high court said in its order

G7 nations to reduce global GHG emissions by 43% by 2030, 60% by 2035

G7 countries commit to "fully" or "predominantly" decarbonise their power grids no later than 2035 and accelerate the phase-out of domestic unabated coal power

Waaree Renewable Tech bags order to build 221.8 MW solar power project

Waaree Renewable Technologies on Wednesday said it has bagged an order to build a 221.8 MWp solar power project from a steel maker. "We have received a Letter of Award (LoA) from one of India's leading steel manufacturing companies for the execution of Engineering, Procurement and Construction (EPC) works of a solar power project of 221.8 MWp DC capacity," it said in a BSE filing. The order is placed by a renewable energy arm of one of India's leading steel manufacturing companies. The project is likely to be completed in FY 2023-24, as per the terms of the contract. Waaree Renewable did not disclose the financial details of the project.

Vedanta arm Balco signs pact with SRIPL to source hybrid renewable power

BALCO has entered into an agreement with Serentica Renewables India Private Ltd (SRIPL) to set up a special purpose vehicle to source hybrid renewable power for its aluminium operations in Chhattisgarh. Bharat Aluminium Company Ltd (BALCO) is a subsidiary of mining major Vedanta Ltd. "BALCO has entered into a Power Delivery Agreement (PDA) to source 105 MW hybrid renewable power for its aluminium operations at Chhattisgarh, through Special Purpose Vehicle (SPV) i.e. affiliates of SRIPL," Vedanta said in a regulatory filing. The project will be funded on a 70:30 debt to equity basis and BALCO will own 26 per cent equity in the SPV. The hybrid energy project will be built on a captive model and build own operate basis. The term of the PDA will be for a period of 25 years from the date of commissioning of the project. The SPV is expected to start delivering the power within 24 months of the PDA signing. This will be helpful in securing continuous supply of power through renewable en

HP CM announces slew of schemes to promote green energy in state budget

Reading out his first Budget in the Vidhan Sabha, Himachal Pradesh Chief Minister Sukhvinder Singh Sukhu on Friday announced a slew of green energy schemes

Corporates hopeful for green hydrogen; may pump Rs 16 trillion in 10 years

Industry experts have said that it will take a combination of technological advancements and regulatory support to boost the cost-effectiveness and viability of green hydrogen in the country

India can attract over $ 20 bn investment in renewables in 2023: Experts

India has the potential to attract an investment of over USD 20 billion in renewables in 2023 and requires a strong framework for sustainable power, say industry experts at the renewable energy conference REConIndia 2023 on Friday. Based on the discussion at REConIndia 2023, a white paper will be prepared on solar power challenges, roadmap to make green hydrogen viable, propelling wind energy and state of green financing in India, a statement said. The conference was organised by Blue Circle on Friday, where experts, stakehoders and industry leaders deliberated on the key issues, challenges and opportunities in renewable energy in India. Founder and CEO of Blue Circle Siddharth Anand said, "The industry estimates investment in excess of USD 20 billion in 2023". Power and New & Renewable Energy Minister R K Singh in December 2022 also pegged the investment in renewables at around USD 25 billion in 2023. Anand also stated that the REConIndia 2023 brought together key ...

India Energy Week: PM Modi seeks more investments in oil & gas, refineries

Launches E20 fuel (petrol blended with 20% ethanol) two years before target

Solar manufacturing PLI to create 90 Gw addl capacity in India: R K Singh

India to have more than 60% power generation from RE by 2030, says minister