World's Green Energy Market

India-Singapore to build green energy corridor, work in key sectors

India and Singapore are working on establishing a green energy corridor and looking at boosting cooperation in areas like green hydrogen, green shipping, semiconductor and manufacturing, the Ministry of External Affairs (MEA) said on Friday. The MEA said this while briefing the media on the ongoing visit of Singaporean President Tharman Shanmugaratnam to India. Shanmugaratnam held separate talks with President Droupadi Murmu and Prime Minister Narendra Modi on Thursday with a broad focus on further expansion of the bilateral ties. There is already work going on for setting up a green hydrogen corridor between the eastern part of India and Singapore, Secretary (East) in the MEA Jaideep Mazumdar said. The green corridor includes a link from Tuticorin and another from Paradip in Odisha, Mazumdar said. The two sides are also looking at setting up a data corridor between the GIFT City in Gujarat and Singapore. The data corridor is an important venture between Gujarat's GIFT City and .

Govt to push green energy plans, will list ALMM for solar PV cells by 2026

The government is planning to introduce an Approved List of Models and Manufacturers (ALMM) for solar cells on the lines of module manufacturing to boost India's transition towards green energy. The government is aiming to make the second list (List II) under the ALMM for solar PV cells effective April 1, 2026. The government introduced the ALMM order (List I) in 2019 for solar modules to boost the manufacturing and usage of made-in-India solar panels. It was made mandatory to source PV modules from models and manufacturers included in the ALMM List I. According to an office memorandum of the Ministry of New and Renewable Energy, the ALMM order dated January 2, 2019, specified models and manufacturers of solar PV modules, whereas List-II will identify and include models and manufacturers of solar PV cells. However, to date, List II of solar PV cells has not been issued because the installed capacity of solar PV cells in the country was lower than the demand, the government document

No unified global energy market, security, says Russia-based Rosneft's head

There is no unified global energy market and energy security is no longer global, Russia's powerful oil executive Igor Sechin said amid talk for countries coming together to check volatility in prices and ensure smooth transition to net zero. Speaking at the India Energy Week here, Sechin, chief executive of Rosneft, said all principles of market trading have been destroyed and market pricing and contract law abolished. Russia was slapped with sanctions by some Western countries following the war in Ukraine. Some countries in Europe stopped buying contracted natural gas. Russian crude oil was shunned, leading to it being traded at a discount to international rates. This meant that while all major benchmark crude oil moved in a particular fashion, Russian crude was traded at discounts as high as USD 40 per barrel. "There is no unified global energy market, and energy security is no longer global," he said. Russia, he said, achieved more significant results than many of the world's

Five changes that can help India reach its green energy goal faster

Experts say India will need systemic changes in policy and electricity infrastructure to quickly ramp up its renewable energy capacity

Spotlight on innovation in non-solar areas in emerging green energy sector

Businesses built on renewable infrastructure are gaining traction but banks are still figuring out ways to finance them

Green energy majors to invest nearly Rs 19,000 crore in Uttar Pradesh

According to a senior govt official, the state is aligning with the overarching target of the Centre to achieve a 450 gigawatt (Gw) in renewable energy and 500 Gw in non-fossil energy capacity by 2030

Pandemic, climate change, fossil fuel ban: Winds of change for renewables

Business Standard talked with Rahul Munjal, Chairman & managing director, Hero Future Energies to understand the impact of Covid, recent G7 decisions and way forward for the sector. Tune in for more

Why China wants to dominate the world's green energy markets

First, concerns over environmental degradation are very real in China, owing to issues such as air, food and water pollution, and should be acknowledged