Kerala CM to open Payyanur solar plant, built by CIAL, on March 6

The plant has been developed by the Cochin International Airport, the operator of the international airport at Kochi, which is also the world's first airport to be fully powered by solar energy

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/TUKprIw

Commercial LPG cylinder prices in Delhi increased by Rs 105

The price of 5 kg cylinder also increased by Rs 27. Now 5 kg cylinder will cost Rs 569 in Delhi. No increase in domestic LPG cylinder.

from Energy-Industry-Economic Times https://ift.tt/Yu8ai9J

Dudhala in Gujarat to become first village to be completely solarised by a foundation

A 450 KW solar rooftop project will be used to power around 350 houses and public areas such as anganwadis and gram panchayat

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/hy64EbQ

Ukraine crisis: Norwegian energy giant Equinor to pull out of Russia

Equinor had $1.2 billion in assets at the end of last year in Russia, where it has had a partnership with Russian oil company Rosneft since 2012.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/5TSzf8k

Russian banks' exclusion from SWIFT to hurt Indian oil companies

ONGC, Oil India, Indian Oil, and BPCL have investments in multiple Russian oil and gas fields, with some fields permitting stakeholders to sell their share of equity oil while others offering just the dividend.

from Energy-Industry-Economic Times https://ift.tt/oRzk5qP

PFC board okays borrowings of Rs 82,000 cr in 2022-23

The board in its meeting held on February 28, 2022, approved borrowings of Rs 82,000 crore in 2022-23 through bonds, foreign currency borrowings, debentures, commercial papers among others, a BSE filing stated.

from Energy-Industry-Economic Times https://ift.tt/Qw84hBn

World looks to India; created massive energy transition: UNEP chief

The world looks to India on several fronts. In recent years, it created a massive expansion in renewable energy. India's effort at promoting LED lighting for example is a huge success story

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/jKXuMi5

We plan to reach over 1 GW electrolyser production capacity in near term: Martin Thanem Holtet, CFO, HydrogenPro

The company has a core technology developed through a combination of Norwegian and Chinese electrolyser experience and has reported a 300 megawatt annual production capacity in China in the second quarter of 2022

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/5yDuE08

Assam tea industry eyes solar power projects to augment revenue

​​An interactive meet titled "Opportunities of solar power plants in tea estates and tea factories" was organised on Friday at the Guwahati Tea Auction Centre premises.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/ePf4bDK

Airport in Kochi to become power-positive with new solar plant from March 6

The cumulative installed capacity of solar plants of CIAL, with the new plant, has been scaled up to 50 MWp.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/E7SJyRr

India needs more steps to support Green Hydrogen industry: Report

Given the higher cost involved in producing hydrogen currently, the government is likely to provide some viability gap funding to consuming sectors in the initial phases.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/b1rlT3m

Coal shortage a worry as power demand rises

The maximum discovered price of power in the day-ahead market of Indian Energy Exchange for today touched the highest permitted limit of Rs 20 per unit, while the average stood at Rs 5 a unit. Sources said Gujarat and Maharashtra put together are buying 100 MUs power from the power exchanges.

from Energy-Industry-Economic Times https://ift.tt/GmJrxS4

Ukraine crisis: bp to exit Rosneft shareholding

bp chief executive officer Bernard Looney is resigning from the board of Rosneft with immediate effect, and the other Rosneft director nominated by bp, former bp group chief executive Bob Dudley, is similarly resigning from the board.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/XBTypuR

IOC to ramp up LPG output in NE by 53% to 8 crore cylinders by 2030

The oil major plans to add three new plants in the Northeast.

from Energy-Industry-Economic Times https://ift.tt/Ixe9rAv

SJVN bags 15 MW floating solar power project in Himachal Pradesh

SJVN Chairman and Managing Director Nand Lal Sharma in a statement said that the power producer bagged the floating solar power project at Nangal pond, near village Neilla, in the district at the rate of Rs 3.26 per unit.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/3KjlZfk

India watching global energy markets, supports release of oil from strategic storage

International oil prices climbed to an over seven-year high of USD 105.58 on February 24 over concerns of supplies being disrupted as a result of Russia attacking Ukraine.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/cPixdLC

India may draw on oil reserves to soften prices as Ukraine's invasion disrupts global supplies

India's strategic reserves have a hoarding capacity of 5.33 million tonnes, or 39 million barrels, sufficient for 9.5 days according to the pre-pandemic FY20 consumption pattern.

from Energy-Industry-Economic Times https://ift.tt/GjzYWRd

India watching global energy markets, supports release of oil from strategic storage

International oil prices climbed to an over seven-year high of USD 105.58 on February 24 over concerns of supplies being disrupted as a result of Russia attacking Ukraine. The rates have cooled to below USD 100 as western sanctions against Russia kept out energy supplies.

from Energy-Industry-Economic Times https://ift.tt/tlPCw9G

CCEA approves clubbing all coal e-auctions

Presently, the coal market is segmented and regulated and consequently there are many different market discovered rates for the same grade of coal in each segment of market. Segmentation with rate differentiation results in coal market distortions, an official statement said.

from Energy-Industry-Economic Times https://ift.tt/83QeWUb

Centre to lose Rs 92,000 cr if excise duty on petrol, diesel is cut to pre-pandemic level: Report

The lagged revision in the price of petrol and diesel is expected to be in a range of Rs 6-8 per litre.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/HS3m1ix

Global crude rally: petrol, diesel prices lagging by Rs 6-8 a litre in absence of hikes, says report

The fuel prices are a politically sensitive subject and a review has not been done since the announcement of the state elections to five states, including Uttar Pradesh, which the ruling BJP is fighting to wrest back. Global crude prices touched a seven-year high of USD 107 per barrel after being in the over USD 80 per barrel range.

from Energy-Industry-Economic Times https://ift.tt/U37AkIJ

Prolonged Ukraine crisis, high crude prices may push India's import bill up by 15 per cent: Experts

The surge in Brent oil to $105 a barrel for the first time since 2014 driven by the escalation of the Ukraine crisis has triggered fears of a disruption to the region's critical energy exports with consequences for India

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/SFuPmjH

US funding $500 million for solar panel manufacturing in India

In November 2017, the US, Australia, India and Japan gave shape to the long-pending proposal of setting up the Quad to develop a new strategy to keep the critical sea routes in the Indo-Pacific free of any influence, amidst China's growing military presence in the strategic region

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/DquAKMx

US funding $500 million for solar panel manufacturing in India

In November 2017, the US, Australia, India and Japan gave shape to the long-pending proposal of setting up the Quad to develop a new strategy to keep the critical sea routes in the Indo-Pacific free of any influence, amidst China's growing military presence in the strategic region

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/rkjRO3H

NHPC inks pact with HDFC Bank to monetise RoE of Chamera-I Power Plant

The amount of the securitisation facility has been arrived Rs 1,016.39 crore or 5.24 per cent per annum discounting rate linked with three-month T-bills

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/CjQ4wI6

Hydel Consultants-Creduce JV bags bid for hydropower carbon credits project from SJVN

The carbon credit project activity is poised to fetch about USD 100-million revenue into SJVN's books, it stated

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/9T4lLZh

US launches biggest yet auction for offshore wind energy

Through 13 rounds of bids by mid-afternoon, companies had offered $817 million for leases on on six tracts up for grabs, according to data from the Bureau of Ocean Energy Management.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/ptJ7GqO

ANALYSIS-Oil's journey from worthless in the pandemic to $100 a barrel

There was so much oil there was nowhere to put it, and in mid-April 2020 the price of a barrel of West Texas crude went below $0 as sellers had to pay get rid of it.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/duUeHbx

Oil hovering around $100 may give a crude shock to inflation, CAD, GDP

Brent crude oil crossed $100 a barrel on Thursday for the first time since 2014 prompted by the Russia-Ukraine conflict.

from Energy-Industry-Economic Times https://ift.tt/1qzQXRc

India's oil production drops 2.4% in January

The cumulative output for the April-January 2021-22 is 4.63 per cent lower than the official target for the period

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/1aHJPZB

Power secy inaugurates concreting works for 2nd unit of power house of Arun-III hydro project

During the visit, the power secretary inaugurated the commencement of concreting works for the second unit of the powerhouse of the Arun-III project

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/mbUp1IN

Cong alleges Rs 6,000-cr coal scam in Gujarat, seeks time-bound SC probe

Former Congress president Rahul Gandhi demanded answers from Prime Minister Narendra Modi on the "missing" 60 lakh tonnes of coal

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/DhycdEq

IIT Mandi researchers use orange peel-derived hydrochar for biofuel precursors

The research will help develop biomass-based fuel to overcome the socio-political instabilities associated with dwindling petroleum reserves

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/NiO8gXK

OPINION: Policy design for at-scale adoption of green hydrogen in India

We suggest a green hydrogen portfolio standard (HPS) to create demand, a nodal agency for aggregating demand and supply, and reverse auctions for cost-effective procurement.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/d3OIRpj

IOC will help deliver Dabur products to LPG customers

IndianOil's cooking gas distributors will become retail business partners for Dabur and will help sell the latter's entire range of products directly to cooking gas customers through their network of delivery personnel, the two companies said in a statement.

from Energy-Industry-Economic Times https://ift.tt/4XbmUxA

Airbus plans mid-decade demonstrator for hydrogen plane

The planemaker has scheduled a news conference with "key engine partners" for 1400 GMT on Tuesday on the latest milestone in its plans to develop a zero-emission aircraft

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/4pgGFA8

India’s fuel appetite seen at a record even as oil nears $100

Local sales of gasoline, diesel and other fuels have started picking up after being whipsawed by several virus waves and tax-inflated pump prices in the past two years.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/JykqShe

Azure Power refinances 600 MW solar project

The project was fully commissioned in December 2021

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/rgcHNnB

BPCL, Hero MotoCorp tie up to set up charging infra for 2-wheeler EVs

The two firms will first set up a substantial charging infrastructure at BPCL's existing petrol pumps and may subsequently broaden the collaboration to develop more synergies within the EV ecosystem and adjacent business verticals.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/qtnXUVM

EXPLAINER: What is the Nord Stream 2 pipeline?

The undersea pipeline directly links Russian gas to Europe via Germany and is complete but not yet operating

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/QG0jmAr

Azure Power refinances 600 MW solar project

The project was fully commissioned in December 2021

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/QL6vySA

India’s fuel appetite seen at a record even as oil nears $100

Local sales of gasoline, diesel and other fuels have started picking up after being whipsawed by several virus waves and tax-inflated pump prices in the past two years.

from Energy-Industry-Economic Times https://ift.tt/zYfPGvR

Central govt preparing accounting rules for discoms

The accumulated losses of power distribution companies have risen at a fast rate over the last five years to about Rs 5.2 lakh crore as on March 31, 2021.

from Energy-Industry-Economic Times https://ift.tt/TtQ57EN

Australia's AGL Energy spurns surprise $3.5 bln bid, suitor Brookfield digs in

The surprise bid comes as AGL seeks to split itself in two by June in an attempt to turn around a 75% slump in its market value over the past five years.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/wi21bXP

Adani, Ballard Power to explore investment in hydrogen fuel cell technology

Under the MoU, both parties will examine various options to cooperate, including potential collaboration for fuel cell manufacturing in India, Adani group said in a statement.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/Wghdyut

LNG trade grew 6% in 2021 amid gas price volatility, says Shell

LNG demand is expected to almost double to 700 mln tonnes by 2040, Shell said in its annual LNG market outlook, adding that the liquefied gas has a key role to play to support renewable energy and as a back-up in the event of intermittent supply.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/re341gY

Domestic solar modules' cost to come down by 11 per cent in April

The assessment is based on an imported module price level of 27 cents per watt for Mono PERC modules and cell price at 15 cents per watt.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/vsRDbBl

Domestic solar modules' cost to come down by 11 per cent in April

The assessment is based on an imported module price level of 27 cents per watt for Mono PERC modules and cell price at 15 cents per watt.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/THjGne4

Tripura's state-owned tea gardens to switch from coal to green energy, says tea body

According to senior members of the tea body, two factories belonging to the state-owned corporation are going to function on natural gas from this season set to begin from March-April 2022.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/Itjh7CR

New policy to cut green hydrogen cost by 40-50 per cent, says Indian Oil

In refineries, hydrogen is used to remove excess sulphur from petrol and diesel. This hydrogen presently is produced from fossil fuels such as natural gas or naphtha and results in carbon emissions.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/8uUO7YG

New policy to cut green hydrogen cost by 40-50 per cent, says Indian Oil

In refineries, hydrogen is used to remove excess sulphur from petrol and diesel. This hydrogen presently is produced from fossil fuels such as natural gas or naphtha and results in carbon emissions.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/T3oVSql

Saudi energy minister says focusing only on renewables a mistake

"The pandemic and the recovery underway have taught us the value of caution," said Prince Abdulaziz bin Salman during an energy event in Riyadh.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/Z9BYH3c

India may soon become the Middle East of Green Hydrogen: Report

The cost of Green Hydrogen in the country is poised to fall to about one–fourth of global levels of Green as well as Grey Hydrogen to less than $1 per Kilogram.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/7I9icxn

Electrolyser supply crunch hangs over India's hydrogen ambitions

India, which unveiled the first phase of its hydrogen policy on Thursday, plans to manufacture 5 million tonnes of green hydrogen per year by 2030, half of the European Union's 2030 target of 10 million tonnes.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/QDOi38Y

Soaring fuel is bad timing for governments facing voters

Oil’s relentless march toward triple figures has already prompted political action from incumbents. India cut retail taxes on gasoline and diesel in November and there’s been an unofficial freeze on prices since.

from Energy-Industry-Economic Times https://ift.tt/QfkhzAa

LG requests NTPC to prepare hydrogen roadmap for Ladakh

NTPC Chairman and Managing Director Gurdeep Singh informed Leh, Ladakh Lieutenant Governor R K Mathur that hydrogen-run vehicles are ready for tests and the contract for a fuel station would soon be awarded and land has been allotted for the pilot 1 MW solar-cum-hydrogen generation project.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/PDoyaCm

Global uncertainties, rising crude keep private bids in OALP VII round low

The OALP bid Round-VII was dominated by state-run oil and gas companies including Oil and Natural Gas Corporation (ONGC) which was among the mere four entities which have put in bids for the eight oil and gas blocks on offer.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/BYT3Nm4

Policy recognition for green hydrogen, a step towards energy efficiency: Femto Green Hydrogen

Though green hydrogen is seen as an environment and economic enabler, the segment had been given the miss by the government for long.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/CsRwHWp

JMC Projects to merge into parent Kalpataru Power Transmission as companies eye larger EPC projects

The combined entity has an outstanding orderbook of Rs 37,000 crore, as per an investor presentation. The company has set itself a target of achieving $3 billion (Rs 22,400 crore) in annual revenues by 2025 with an orderbook size of $6 billion.

from Energy-Industry-Economic Times https://ift.tt/doV6K7t

We want to emerge as a green energy exporting hub: RK Singh, Power Minister

“We have provided that the manufacturers of green hydrogen and green ammonia may set up their own renewable energy capacity anywhere they want and we shall give them free transmission from that place to the place of manufacture of green hydrogen and green ammonia.”

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/Dr2K3WH

Siemens Energy's CEO increases pressure on Siemens Gamesa

Measures have already been introduced in the onshore wind business, he said, adding that it would take some time before they would have an impact on the project business.

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PLI scheme should provide ring fencing of wafers, polysilicon: Ashish Khanna, Tata Power

According to Khanna, PLI is just one segment and is not going to change anything when one is looking for a competition all across and is not going to save one on a competitive spirit

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/VodyR9r

Banks get bids from three companies for Lanco's Anpara power plant

Lenders of Lanco Group at a joint lenders' meeting on Thursday decided to send the bids for thorough scrutiny to Deloitte, the process advisor under the corporate insolvency resolution process (CIRP), two people familiar with the developments told ET.

from Energy-Industry-Economic Times https://ift.tt/rGcqMOv

Free wheeling of power, open access in National Hydrogen Policy

Unveiling the first part of the much-awaited National Hydrogen Policy, Power and New and Renewable Energy Minister Raj Kumar Singh said the government is targeting production of 5 million tonnes of green hydrogen by 2030.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/VcZEDh1

Government receives 10 bids for eight oil & gas blocks

ONGC has placed five bids while Oil India and Sun Petrochemicals have placed two bids each and GAIL one, as per the website of the Directorate General of Hydrogen (DGH), which oversees exploration licensing rounds.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/QgFLJUX

National Green Hydrogen policy to give producers freedom to source renewable energy from anywhere: R K Singh

He said the government will allow companies to keep the surplus green hydrogen produced with the distribution companies for 30 days. If needed, they can get it back.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/8ZkATLs

Government receives 10 bids for eight oil & gas blocks

ONGC has placed five bids while Oil India and Sun Petrochemicals have placed two bids each and GAIL one, as per the website of the Directorate General of Hydrogen (DGH), which oversees exploration licensing rounds.

from Energy-Industry-Economic Times https://ift.tt/LPY4I9p

India can add $20 bln to GDP if import dependence on China is halved: Report

In terms of imports, India continued to reduce its trade deficit with China in FY21. However, share of China in India's total merchandise imports has been steadily increasing to 16.5 per cent currently, as per the report Ecowrap.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/4lrX7CE

Energy requirements of Indians expected to double in 20 years: PM Narendra Modi

Delivering the inaugural address at the 21st World Sustainable Development Summit 2022 (WSDS-22), Modi said environmental sustainability can only be achieved through climate justice.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/jPiUdbm

Energy requirements of Indians expected to double in 20 years: PM Narendra Modi

Delivering the inaugural address at the 21st World Sustainable Development Summit 2022 (WSDS-22), Modi said environmental sustainability can only be achieved through climate justice.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/fDIRU9i

China's removal of renewable energy subsidy will affect fight against climate change

China, the largest emitter of greenhouse gases, is also the largest user of energy and amid this, the country's growing population is putting pressure on Beijing to amend plans to fulfil its ever-growing energy needs.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/CKsn1EW

Govt likely to announce Green Hydrogen enablers tomorrow, Considering uniform RPOs

Singh also said the government is considering a uniform renewable purchase obligation (RPO) mechanism to be followed by all states. Presently all states have set their own RPO targets but most have not even achieved them. Non-compliance will invite penalties as per the Electricity Act, he said.

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SJVN ropes in REIL to build solar power projects

REIL is under the administrative control of Ministry of Heavy Industries, having the mandate to implement and promote solar PV projects of Ministry of New & Renewable Energy.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/jZoQqOe

Telangana CM statement a lie; states free to buy RE from any developer based on bids: R K Singh

States are free to hold their own bids and buy renewable energy(RE) from any developer based on those bids

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/HM0FPpo

Farmers unite in push for share of India's solar power bonanza

The Shakti Sthala Farmers' Welfare Association, named after the official title of the Pavagada plant, grew out of this early realisation that a bright future for local people living in the solar park's shadow was not guaranteed.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/pL3yxDP

India, Australia ink letter of intent on new and renewable energy technology

This LoI will pave the way for working towards reducing the cost of new and renewable energy technologies and scaling up their deployment in order to accelerate global emissions reduction, it stated

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/WYaf4u1

Torrent Power acquires 25 MW solar plant for Rs 163 crore

While Blue Diamond Properties held 55 per cent stake in Visual Percept, Balrampur Chini Mills held 45 per cent

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/qtfm9PC

Coal India Q3 net profit rises 48 per cent to Rs 4,558 cr

The consolidated revenue from operations of the company during October-December period increased to Rs 28,433.50 crore from Rs 23,686.03 crore in the year-ago period

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/KfnkJP5

Top investor urges Siemens Energy to take full control of wind turbine business

At the root of the problem lie supply chain issues and a delayed ramp up of Siemens Gamesa's next generation of onshore wind turbine, causing project delays and higher-than-expected costs that have also hit its parent.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/sfeukMG

China's removal of renewable energy subsidy will affect fight against climate change

China's decision to remove subsidies from the renewable energy tools will discourage the use of cleaner sources of energy and adversely impact the fight against climate change

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/qLNCcdi

Home EV charging spend to cross $16 billion globally by 2026

The spending on electric vehicle (EV) charging at home will exceed $16 billion globally in 2026, up from $3.4 billion in 2021, a new report showed on Monday.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/Qwe0E6Z

Sterling and Wilson Renewable Energy report Rs 429 cr loss in December quarter

Total income of the company stood at Rs 1,502.23 crore in the quarter under review, up from Rs 1,347.64 crore in the same period a year ago

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/YfT3ZVP

Delhi HC stays notices in relation to declaring Adani gas network as common carrier

The interim order was passed by a bench of Chief Justice DN Patel and Justice Jyoti Singh on the petition by the company challenging the Board's Public Notices dated September 13, 2021, and the consequent Hearing Notice January 20.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/WXrs2yF

$100 oil threatens to compound world economy’s inflation shock

Oil’s surge toward $100 a barrel for the first time since 2014 is threatening to deal a double-blow to the world economy by further denting growth prospects and driving up inflation.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/mtz4Ppe

Climate Action: India to set up two carbon capture and utilisation centres

India will set up two national centres of excellence (CoEs) in 'carbon capture and utilization' (CCU) which will help the county reach its emission mitigation goal under the Paris Agreement on climate change.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/FUzPBtf

Restructuring of gasification assets to unlock value for RIL

Gasification Undertaking is proposed to be transferred, as a going concern on Slump Sale basis, by way of a Scheme of Arrangement.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/SZLaDHw

Climate Action: India to set up two carbon capture and utilisation centres

India will set up two national centres of excellence (CoEs) in 'carbon capture and utilization' (CCU) which will help the county reach its emission mitigation goal under the Paris Agreement on climate change.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/mJYMPOI

Rajasthan leads in solar power capacity creation: MNRE data

According to the data released by the Union Ministry of Renewable Energy, Rajasthan has left behind Karnataka and Gujarat by developing more than 10 GW of solar power capacity as of 31st January 2022.

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IOC invites bids to raise $600 million SOFR-linked syndicated loan

India's largest oil refiner and fuel retailer will raise the loan in four tranches with maturities ranging from 1.7 to 2.5 years as per the details communicated to the banks.

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Rajasthan leads in solar power capacity creation: MNRE data

According to the data released by the Union Ministry of Renewable Energy, Rajasthan has left behind Karnataka and Gujarat by developing more than 10 GW of solar power capacity as of 31st January 2022.

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A just energy transition, workforce migration and employment opportunities: Connecting the dots

The coal mines and allied sectors employ millions of permanent and contractual labourers with or without social securities. Also, the ecosystem built around the mines and thermal power plants provide livelihoods to several others.

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Ambani’s Reliance seeks to be world’s top blue hydrogen maker

So-called blue hydrogen is made using fossil fuels but captures the carbon dioxide formed during its production, and Reliance sees the conversion as a temporary measure until the cost of green hydrogen, produced from the electrolysis of water using renewable energy, becomes competitive.

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Ambani’s Reliance seeks to be world’s top blue hydrogen maker

So-called blue hydrogen is made using fossil fuels but captures the carbon dioxide formed during its production, and Reliance sees the conversion as a temporary measure until the cost of green hydrogen, produced from the electrolysis of water using renewable energy, becomes competitive.

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PTC India constitutes three-member panel for new products

The panel comprises S K Soonee (founder CEO, POSOCO) and Rajeev Sharma (former CMD, PFC). The third member is also expected to join soon, PTC said in a statement.

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Macron presents France's goals for achieving carbon-free energy by 2050

Speaking in Belfort, north-eastern France, Macron outlined measures including the construction of solar parks, underwater wind farms, and six European pressurized nuclear reactors (EPR2s).

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Renewable energy capacity addition rises 80% to 3.4 GW during December quarter

Compared to the preceding quarter (July-September), new non-hydro RE capacity additions fell 27 per cent on account of intensifying supply chain constraints.

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Reliance completes acquisition of 40% stake in Sterling & Wilson Solar

RIL’s subsidiary Reliance New Energy (RNEL) acquired 10.37% of SWERL on Wednesday at a price of 375 per share.

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Eni talking to investors on energy transition SPAC -sources

The Italian energy group is working with two or three other investors to set up and list the SPAC, which could raise more than 200 million euros ($229.32 million), one of the sources said.

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Torrent Power to acquire 25 Mw solar power plant in Gujarat

Visual Percept Solar projects operates 25 Mw solar power in Gujarat which has a long-term power purchase agreement with Gujarat Urja Vikas Nigam Ltd GUVNL).

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Renewable energy capacity addition rises 80% to 3.4 GW during December quarter

Compared to the preceding quarter (July-September), new non-hydro RE capacity additions fell 27 per cent on account of intensifying supply chain constraints.

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THDC India signs LoI to set up 10,000-MW solar projects in Rajasthan

The land bank will be allocated by the Government of Rajasthan through RRECL. The RE parks will be implemented through a special purpose vehicle in the term of a joint venture with RRECL in the ratio of 74:26.

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Decentralised renewable energy enterprises brave COVID-19 in raising capital: Report

Access to basic lightning and clean cooking methods are high on demand, the report added

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INNOVATION: European scientists set nuclear fusion energy record

Researchers said they achieved 59 megajoules of sustained fusion energy - the same process that powers stars including the sun - at a facility in Culham, near Oxford.

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India headed for steep fuel price hike in March, Deloitte says

“Because of the state elections, they haven’t increased the retail prices,” Debasish Mishra, partner at Deloitte, said in an interview with Bloomberg TV’s Haslinda Amin and Rishaad Salamat.

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NHPC inks pact to build 10,000 MW renewable energy capacity in Rajasthan

The LoI was signed by Y K Chaubey, Director (Technical), NHPC Ltd and Subodh Agarwal, Additional Chief Secretary, Mines and Petroleum Department and Energy Department, and Chairman and Managing Director, RRECL.

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INNOVATION: European scientists set nuclear fusion energy record

Researchers said they achieved 59 megajoules of sustained fusion energy - the same process that powers stars including the sun - at a facility in Culham, near Oxford.

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NHPC inks pact to build 10,000 MW renewable energy capacity in Rajasthan

The LoI was signed by Y K Chaubey, Director (Technical), NHPC Ltd and Subodh Agarwal, Additional Chief Secretary, Mines and Petroleum Department and Energy Department, and Chairman and Managing Director, RRECL.

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Siemens Energy posts deep net loss as wind turbine unit weighs

Siemens Energy released most of its quarterly results last month when it was forced to cut its guidance shortly after Siemens Gamesa unveiled fresh supply chain issues and higher-than-expected ramp up costs for a new turbine generation.

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GE Steam Power intends to reduce stake in GE Power India; part ways as promoter within 3 yrs

GE Steam Power plans to reduce stake and part ways with the company as its promoter within the next three years. GE Power India has received a letter from GE Steam Power on February 8, 2022, wherein the latter has stated its intent to reduce its stake in the company and de-promoterise within 36 months, which will be implemented in a staggered manner, according to a regulatory filing.

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SJVN plans to develop 10,000 MW solar projects in Rajasthan over 5 years

The commercial production will commence in a phased manner and the power generated will be transmitted to the beneficiaries through nearest sub-stations.

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SJVN plans to develop 10,000 MW solar projects in Rajasthan over 5 years

The commercial production will commence in a phased manner and the power generated will be transmitted to the beneficiaries through nearest sub-stations.

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Invest Rajasthan Campaign: MoUs worth Rs 3.05 lakh cr signed in renewable energy sector

With this investment, more than 90,000 MW of renewable energy will be produced in the state

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Adani, Gujarat Urja settle row over PPA

As per the settlement, Adani will resume power supply to the state-owned entity and withdraw a ₹10,000 crore claim against Gujarat Urja.

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Adani, Gujarat Urja settle row over PPA

As per the settlement, Adani will resume power supply to the state-owned entity and withdraw a ₹10,000 crore claim against Gujarat Urja.

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No Petroleum Product under GST

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GE Renewable Energy opens hybrid factory in Vallam, Tamil Nadu

The Chennai factory will make the flexinverter and flexreservoir products from GE’s newly-launched flex portfolio.

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Gautam Adani overtakes Mukesh Ambani as Asia’s richest person

The coal magnate -- whose controversial Australian mine project drew flak from climate activists including Greta Thunberg -- has increasingly looked beyond the fossil fuel for expansion.

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RK Singh launches Powerthon-2022 for tech-driven solutions for quality power supply

"We will have a standing body and this innovation will be open and an ongoing scheme," Singh said.

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India, ASEAN can develop entire ecosystem for renewable energy: R K Singh

The ASEAN-India High-Level Conference on Renewable Energy, being organised by the Ministry of New and Renewable Energy and the Ministry of External Affairs of Government of India on February 7-8, 2022, commenced on Monday

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Local fuel prices may surge once elections are over

Crude oil prices fell to $69 on December 1 from $81 per barrel on November 4 on fears Omicorn could dent oil demand but as the third wave of Covid-19 appeared to be less severe than the previous waves, prices steadily rose a third to $93.

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Renewable energy Open Access rules: A step in the right direction?

A well-intended move by the government but it will require certain challenges to be addressed to achieve the desired uptake of open access in the renewable energy sector.

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Solar equipment manufacturers to benefit from Budget 2022-23

Proposals such as additional financial allocation under Production Linked Incentive (PLI) scheme for solar module manufacturing in India will boost the sector.

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ArcelorMittal joins race to buy Sprng Energy in green steel push

This arguably is the first time in India a steel producer is looking at such large M&A opportunities in green energy. Steel production is source of up to a tenth of global carbon-dioxide emissions.

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Rajasthan govt to sign MoUs of Rs 3.05 lakh crore for renewable energy

The companies that will be signing MOUs or letters of intent are five PSUs, including NTPC, NHPC, SJVN Limited, THDC India Ltd., SECI and private players such as Reliance, Axis and SAEL, according to an official statement.

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Tata Power in advanced talks to raise $600-700 million for its renewable energy biz

The deal is at an advanced stage and is likely to be concluded in the coming weeks, as the salt-to-steel conglomerate looks to pare debt and strengthen its balance sheet ahead of a planned public issue of the alternate energy unit.

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Tata Power shares up 180% in one year; PLIs likely to sustain momentum

Shares of Tata Power have risen around 180 per cent in the past one-year period evidently due to its strong investment in EV charging stations, solar infrastructure and other expansions.

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INNOVATION: IIT develops more efficient solar PV towers

The solar PV towers of 3kW and 5kW capacity are useful for electric vehicle charging stations and rooftop solar power generation, said IIT-Delhi officials.

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Budget 2022: Emphasis on energy transition and clean energy

The budget extensively emphasised on energy transition and clean energy missions through different schemes.

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Catalyzing green energy investments – A key component of Budget 2022-23

The Budget presented on 1 February lays the groundwork to enable India to achieve its COP26 commitments and move towards a low carbon future.

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Budget 2022: Emphasis on energy transition and clean energy

The budget extensively emphasised on energy transition and clean energy missions through different schemes.

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FM Sitharaman to industry: Invest in sunrise sectors and power growth

The FM said there are many sunrise sectors where India has taken the lead, such as atomic energy, vaccines, genomics, and space.

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Solar equipment manufacturers to benefit from Budget 2022-23

Proposals such as additional financial allocation under Production Linked Incentive (PLI) scheme for solar module manufacturing in India will boost the sector.

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UNEP signs MoU with Mah govt for implementing climate change actions

Speaking for the government of Maharashtra, Cabinet Minister of Tourism, Environment and Protocol, Aditya Thackeray said: "We should start to consider all possible avenues to get to Net Zero at the earliest."

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India to double down on oil, gas exploration: Hardeep Singh Puri

India currently relies on imports to meet 85 per cent of its oil needs and 50 per cent of the natural gas requirement. This is because domestic production is inadequate.

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China says U.S. tariff extension on solar products hurts new energy trade

Donald Trump imposed the tariffs on solar imports in 2018, using authority under section 201 of a 1974 trade law. The levies started at 30% and declined to 15%.

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Tata Power, resurgent outbid others for Southeast UP Power

The joint venture's offer was better than the bids of Adani Transmission, Power Grid Corp and Sterlite Power. Another bidder, state-run REC Ltd's power distribution arm, quoted a ₹278 crore upfront payment and deferred payments of about ₹1,610 crore, the people said.

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Tata Power moves Aptel against award of ₹7k-cr project to Adani firm

Tata Power has contested that the large project to build a 1,000-mw high-voltage direct current (HVDC) link between Kudus and Aarey should have been awarded through a transparent bidding route.

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Cipla to buy 32.49 per cent stake in solar power firm Amp Energy

The acquisition is in line with the commitment to enhance the share of renewable power sources in its operation and to comply with regulatory requirements for being a captive user under Indian electricity laws

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Avaada Energy installed 1 gigawatt capacity last year

It has also successfully commissioned 2.2 GW of utility-scale solar projects to date

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Cipla to buy 32.49 per cent stake in solar power firm Amp Energy

The acquisition is in line with the commitment to enhance the share of renewable power sources in its operation and to comply with regulatory requirements for being a captive user under Indian electricity laws

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Adani Green Energy arms raise Rs 612 cr for debt refinancing

It said the proceeds from the NCDs (bonds) will be utilised to part-refinance existing rupee term loan bearing higher interest cost

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REC third quarter profit up 23 per cent at Rs 2,773 crore

Total income rose to Rs 10,070.42 crore in the quarter from Rs 9,089.46 crore in the same period a year ago

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Adani Green Energy arms raise Rs 612 cr for debt refinancing

It said the proceeds from the NCDs (bonds) will be utilised to part-refinance existing rupee term loan bearing higher interest cost

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NTPC could build new coal-fired power plants if needed, says chairman

"We should not be shying away. If there is a requirement, we may have to go for new coal-based power plants," Singh said.

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BPCL, Shipping Corp, BEML among CPSEs to be privatised next fiscal

The 2022-23 Budget has projected a disinvestment target of Rs 65,000 crore for next financial year.

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MPCB asks thermal power station in Nagpur to stop dumping ash slurry

Residents of Nandgaon had earlier filed complaints with the Maharashtra government alleging that due to increased air and water pollution as a result of dumping of ash slurry by the thermal power plant, they were suffering from health issues.

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Renewable Energy: Australian High Commissioner in Raj to explore investment opportunities

He made an official call on Rajasthan's newly appointed Chief Secretary Usha Sharma to discuss the plan to invest in the desert state in renewable energy, skill development, water management, agriculture and mining.

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Former petroleum secretary Tarun Kapoor to be new oil regulator

Kapoor, who superannuated as secretary of the Ministry of Petroleum and Natural Gas on November 30, 2021, was selected to be chairman of the Petroleum and Natural Gas Regulatory Board (PNGRB) after interviews of over a dozen candidates.

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Thrust for renewable energy in Ahmedabad Municipal Corporation Rs 8,111 cr budget

The budget provided a thrust to solar power generation, rainwater harvesting and setting up of EV-charging bays by offering property tax incentives to housing societies, commercial establishments and institutions that participate in the initiatives.

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OPINION: Lessons on energy transition from India's first climate atlas

The absence of climate vulnerability-indexed standards coupled with the omnipresent pressure to offer reducing tariffs in successive bids creates a situation not too desirable.

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PGCIL approves investments worth Rs 677 crore

The projects include "Transmission system for evacuation of Power from Pakaldul HEP in Chenab Valley HEPs-LTA System" at an estimated cost of Rs 318.12 crore, scheduled to be commissioned by April, 2025 (matching with Pakaldul hydroelectric power (HEP) generation).

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Budget 2022 has everything needed for energy transition: R K Singh

In the Budget, Finance Minister Nirmala Sitharaman provided additional Rs 19,500 crore for the production-linked incentive (PLI) scheme for solar cells and modules manufacturing domestically.

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Govt making efforts to promote research, innovation in future energy materials: minister

The Union Minister of State (Independent Charge) Science and Technology informed that the Department of Science and Technology (DST) is supporting development of indigenous technology for batteries, especially in the field of graphene-based batteries.

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Govt making efforts to promote research, innovation in future energy materials: minister

The Union Minister of State (Independent Charge) Science and Technology informed that the Department of Science and Technology (DST) is supporting development of indigenous technology for batteries, especially in the field of graphene-based batteries.

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South Africa committed to transition from coal to clean energy

South Africa is committed to a transition to cleaner energy, but coal will for some time be vital for the country's economic growth and employment creation, Minister of Mineral Resources and Energy Gwede Mantashe said at the coal colloquium in Pretoria.

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ONGC, IOC, others to spend INR 1.11 lakh crore capex in FY23

The government has provided a small INR 4,000 crore subsidy on domestic cooking gas (LPG) in the next fiscal. The subsidy outgo in the current fiscal has been put at INR 3,400 crore, lower than INR 12,480 crore budgeted at the beginning of the fiscal, the documents showed.

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New levy on unblended fuel: Is there more to it than meets the eye?

FM Sitharaman didn't elaborate much on the upcoming levy. In the absence of rejoinders, there appear to be indications that the government may eventually end up calling this a tax for climate action, according to a report.

from Energy-Industry-Economic Times https://ift.tt/1PSovHcT7

PLI scheme to aid creation of 45 GW of solar equipment making capacity: RK Singh

It is proposed in the General Budget presented in Lok Sabha on Tuesday that the funding under the PLI scheme for domestic solar cells and module manufacturing will be increased to Rs 24,000 crore from the existing Rs 4,500 crore

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Govt to bring battery swapping policy to promote electric vehicles

She stated that the private sector will be encouraged to set up sustainable business models for battery or energy service and this will improve efficiency in EV (electric vehicle) ecosystem.

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Budget 2022: Solar power’s allocation rises by 29 per cent

Last year, solar power’s allocation had increased by 66 per cent

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Sri Lanka to buy fuel from Indian Oil to tide over energy crisis

According to the Cabinet statement, the Ministry of Energy has discussed with the IOC to procure 40,000 metric tonnes of diesel and 40,000 metric tonnes of petrol.

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Budget 2022: Additional excise duty to promote ethanol blending

Ethanol availability is not uniform and states far away from production centres are likely to have lower average blending ratios.

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