Adani raises $15 bn in equity, debt in comeback strategy after Hindenburg rout

The group denied all allegations and reworked its strategy, fueling a comeback that now has the tycoon some USD 36 billion short of where he started the year and two notch and USD 12 billion shy of rival billionaire Mukesh Ambani.

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Jakson Green to ship first green hydrogen electrolyser in few months

The company recently launched a 100-MW electrolyser manufacturing plant, which it now plans to raise to one gigawatt capacity

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SJVN secures Rs 10,000 cr construction finance facility from banks

According to the statement, SJVN has secured Rs 10,000 crore (USD 1.2 billion) construction finance facility to fund its upcoming renewable power projects from a group of leading domestic and international lenders.

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Not mandatory for banks, NBFCs to raise green funds: RBI FAQs

In April 2023, it had issued detailed guidelines for acceptance of "green deposits" by banks and Non-Banking Financial Companies (NBFCs) wherein the funds could be used for financing activities like renewable energy, green transport and green buildings.

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Gujarat govt 'very hopeful' of Tesla setting up plant in state, says minister

"The state government is very hopeful of Tesla coming to Gujarat. Even Elon Musk is looking at Gujarat as his first choice. Gujarat is in his mind ever since he began a survey in India to find a suitable location to set up the plant," said Patel, who is health minister and spokesperson of the state government.

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SJVN secures Rs 10,000 cr construction finance facility from banks

According to the statement, SJVN has secured Rs 10,000 crore (USD 1.2 billion) construction finance facility to fund its upcoming renewable power projects from a group of leading domestic and international lenders.

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PNGRB sets up high-level committee for oil and gas safety overhaul

The newly constituted committee is entrusted with the mandate to re-examine the technical and safety standards within the industry, with a focus on integrating petrochemical plants into the regulatory regime.

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Jindal Stainless to generate over 1.9 bn units of clean energy

"Jindal Stainless... will generate over 1.9 billion units of clean electricity per annum through its wind-solar hybrid, floating and roof-top solar plants, according to its newly released Sustainability Report," the company said in a statement.

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Govt plans to cap mining auction securities to fuel sector participation

The amendment suggests a cap on the performance security and upfront payment for bidders in the auctions, specifically targeting blocks of strategic and critical minerals.

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NTPC plans to list green energy vertical in next 1-2 years: CMD Gurdeep Singh

"Maybe I think (an IPO) down the line in next one to two years... as we add capacity and there is a pipeline of growth," Singh said in response to a question on whether the company was looking for listing its green energy vertical.

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Adani Green, TotalEnergies finalize 1,050 MW renewable energy JV; raises $300 million

“With this transaction, TotalEnergies has reinforced its strategic alliance with AGEL and support in enabling AGEL’s target of 45 GW capacity by 2030,” Adani Green said in a statement.

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SJVN bags 100 MW solar project worth Rs 550 cr

According to the statement, SJVN successfully bagged the quoted capacity of 100 MW Solar Project at the rate of Rs 2.63/Unit on Build Own and Operate basis through a tariff-based competitive bidding process of GUVNL.

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India's energy shift: Major growth in renewables sets stage for a green 2024

Marking a significant milestone in India's green energy chronicle was the launch of the National Green Hydrogen Mission. The government's resolve in augmenting renewable energy was further underscored by its plan to infuse 50 GW of renewable energy capacity annually till FY28.

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Our priority is to empower poor and deprived sections: PM Modi

Many cities in MP, including Indore, have become examples of finding a balance between development and nature, Modi said.

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Green Hydrogen Policy: CM Yogi reviews draft, UP govt to release it soon

While reviewing the draft policy at a meeting, he said that before finalising the policy, stakeholders working in this sector should also be consulted, so that investors and users can get maximum benefits from it.

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Adani Green Energy inks pact with SECI for supply of 1,799 MW solar power

With the signing of this balance PPA, AGEL has completed the power offtake tie-up for the entire 8,000 MW manufacturing-linked solar tender awarded to it by the SECI in June 2020, a company statement said.

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IREDA CMD highlights financial viability for emerging renewable energy

Pradip Kumar Das reiterated the company's commitment to leading the charge in transforming new and emerging Renewable Energy technologies into financially viable ventures.

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India’s solar panel imports set to remain higher in FY24

Country already surpassed total PV panel imports for FY23 in first six months of FY24

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India’s solar panel imports set to remain higher in FY24

Country already surpassed total PV panel imports for FY23 in first six months of FY24

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IEA working to cut renewable energy costs in developing world

World governments agreed to triple renewable energy generation capacity by 2030 and transition away from fossil fuels at the COP28 United Nations climate conference in Dubai. But no mechanism was agreed to finance the transition to clean energy in developing countries.

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Adani family plans $1bn investment in green unit

Adani Green Energy aims to issue preferential shares to the company's founders for meeting expansion and refinancing needs, according to people familiar with the discussions who didn't want to be identified as the talks are private.

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Adani family plans $1bn investment in green unit

Adani Green Energy aims to issue preferential shares to the company's founders for meeting expansion and refinancing needs, according to people familiar with the discussions who didn't want to be identified as the talks are private.

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Trying to bring normalcy at inundated solar project, under construction plant in Tamil Nadu: Thermax

"Heavy rainfall and subsequent flooding in Tamil Nadu have led to inundation of the Solar Power Plant of our step down subsidiary, First Energy 4 Pvt Ltd and under construction plant of step down subsidiary, First Energy 6 Pvt Ltd located in Tamil Nadu," a BSE fling said.

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Govt boosts offshore wind energy with new leasing regulations

The rules outline specific lease durations, obligations for lessees, and regulatory oversight, reflecting India's commitment to boosting its wind energy capacity as part of its renewable energy targets.

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Get as many investment MoUs as possible off ground by Feb 15: Dhami to officials

The progress made on the implementation of the MoUs will be reviewed every week by the chief secretary and every month by himself, the Chief Minister said.

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Govt boosts offshore wind energy with new leasing regulations

The rules outline specific lease durations, obligations for lessees, and regulatory oversight, reflecting India's commitment to boosting its wind energy capacity as part of its renewable energy targets.

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Himachal govt to amend energy policy to make state self-reliant: CM Sukhu

Sukhu added the government is giving 50 per cent subsidy on e-vehicles and the youth keen to purchase e-taxis are also being given 50 per cent subsidy, and 582 youth have so far applied for e-taxis.

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India attracts $6.1 billion FDI in renewable sector, boosting green power drive

Singh highlighted that under the current FDI policy, renewable energy sector investments are permitted up to 100% through the automatic route.

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NTPC surpasses 300 billion units power generation mark in FY24

On a standalone basis, NTPC stations have recorded 256 BU generation in FY 2023-24, underscoring the company's commitment to providing reliable and affordable power nationwide. This achievement highlights NTPC's dedication to fulfilling the country's energy requirements.

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First phase of Dholera Industrial Smart City nearly fully completed: officials

Gujarat Chief Minister Bhupendra Patel visited the Dholera Special Investment Region (SIR) as part of preparations for the upcoming 10th Vibrant Gujarat Global Summit 2024 to inspect the progress of the industrial smart city and its infrastructure projects.

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Over 1.19 crore PNG connections reached across India, including BPL families: Minister Rameswar Teli informs Rajya Sabha

Spread over around 630 districts in 28 states and Union Territories, the project aims to establish approximately 12.50 crore PNG connections by the year 2032.

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Indian Energy Exchange to launch Long Duration Contracts of 11-months soon

The new product will be an extension of the current 3-month LDC existing at IEX and is seen to be significant for its growth and expansion, as it would allow the exchange to claw significant volumes in the large market for long duration power from other platforms.

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CPCL mobilises four agencies from Chennai, Mumbai, Paradip for clearing oil slick

The CPCL, in a statement, clarified that there has been no pipeline leak nor any leakage from the tanks in the refinery and the "refinery is under operation."

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ONGC planning to build 2 MTPA Green Ammonia capacity by 2035: Head - New Energy

The company is looking at more acquisition plans in the coming year in the renewable energy segment, he said

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India gets bids for green hydrogen, electrolyser incentives

Twenty companies including Reliance Industries, Adani Group, Jindal India, Larsen & Toubro and Bharat Heavy Electricals have also submitted bids for incentives to manufacture electrolysers, statements from Solar Energy Corp of India said.

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Minister Khuba urges solar industry: Keep prices fair, avoid misusing customs duty

At the inaugural session of the 1st India Solar Manufacturing Summit Khuba called for reasonable pricing of solar modules. He cautioned the industry against exploiting the basic customs duty to inflate domestic panel prices, underscoring the need to ensure competitive prices for domestic developers.

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Meghalaya wins prize in national energy efficiency index: minister

President of India Droupadi Murmu was also present at the award ceremony, an annual event observed on "National Energy Conservation Day" and recognizes commendable efforts in energy conservation spanning various sectors of the economy.

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India's drive for cleaner energy: Natural gas growth and exploration in focus at Oil & Gas Summit

Pankaj Sharma, Additional Director-D&ES at the Petroleum Planning & Analysis Cell (PPAC) of the Ministry of Petroleum & Natural Gas, emphasized the growing significance of gas as a cleaner energy source. "Natural gas is poised for substantial growth in India's energy sector and is increasingly seen as a more viable and preferable fuel option," Sharma stated.

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ONGC intends to have separate business entity for green energy projects

It is a requirement as the speed of decisions required in renewable energy is very fast, said ONGC official

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Countries strain for consensus as Dubai climate talks stretch into overtime

Around 10 pm, a COP28 spokesperson updated the media that consultations will continue until 3 am (Dubai time), which effectively means a plenary session to adopt a deal could be held in the morning.

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Ethanol blending yields 509 crore litre petrol saving, ₹24,300 crore forex benefit in 2022-23: Govt

In a written reply in Rajya Sabha, the minister said that the EBP Programme's successful ethanol blending initiative has also ensured prompt payment of around Rs 19,300 crore to the country's farmers

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Eastern Railway invites bids for 2 MW rooftop solar project

The project involves the installation of 40 solar photovoltaic modules, each with a capacity of 50 kWp, aiming to augment the renewable energy capacity of the Sealdah Division

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India's quest for hydrogen energy clashes with water scarcity fears: Report

According to the analysis by the International Renewable Energy Agency (IRENA) and Bluerisk, 99% of India’s existing and planned green and blue hydrogen capacities face extreme water stress conditions by 2040.

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EXPLAINER: Understanding the terminologies around sustainable finance

This piece attempts to provide clear explanations of what the terminologies around sustainable finance signify, how they are interconnected, and the ways in which they are different from each other.

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India ranked 7th in this year's climate change performance index, up one spot from the previous report

Monitoring Climate Mitigation Efforts of 63 Countries plus the EU - covering more than 90 per cent of the Global Greenhouse Gas Emissions, India has received a high ranking in the greenhouse gas Emissions and Energy Use categories, but a medium in Climate Policy and Renewable Energy, as in the previous year.

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India's state refiners may sharpen competition for Venezuelan Oil

State-owned Bharat Petroleum Corp. is in the market to buy from the producer, according to a person familiar with the development. Hindustan Mittal Energy Ltd., a smaller state-owned processor, is already buying Venezuelan oil, another person with the direct knowledge of the matter said.

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OPINION: Amplifying voices for nature at COP28

The upcoming thematic day for Nature, Land Use, and Oceans (9 December) at COP28 holds promise for discussions on many interlinked decisions on climate change.

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India’s renewable energy capacity to reach 170 GW by March 2025: ICRA

Share of RE-based round-the-clock projects is expected to rise in upcoming tenders

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COP28 secures USD 83 billion in climate pledges, India skips energy and health pledges

Amidst the discussions, the issue of fossil fuels emerged as a focal point, with a new draft text of the Global Stocktake proposing options for the phase-out of unabated coal and an orderly and just transition away from fossil fuels which might be a contentious point for India.

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India needs high economic growth to invest in energy transition: CEA

"(India) needs high economic growth to invest in energy transition... We basically need the time to move away from coal towards other fossil fuels, and later on towards other renewable energy," he said.

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COP28 secures USD 83 billion in climate pledges, India skips energy and health pledges

Amidst the discussions, the issue of fossil fuels emerged as a focal point, with a new draft text of the Global Stocktake proposing options for the phase-out of unabated coal and an orderly and just transition away from fossil fuels which might be a contentious point for India.

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Production of 5 MMT green hydrogen can help cut Rs 1 lakh cr worth fossil fuel imports: R K Singh

Green hydrogen has the potential to replace fossil fuels including natural gas, either as a source of energy or as a feedstock, thereby contributing to reduction in dependence on import of fossil fuels, the Minister for New and Renewable Energy informed the Rajya Sabha.

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Waaree Energies collaborates with IRCON Renewable for 200 MW solar PV module supply in Karnataka

​​The project was awarded by the Indian Renewable Energy Development Agency Limited (IREDA), and the solar modules from Waaree Energies Limited will be deployed in Pavagada, Karnataka.

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Over Rs 5,000 crore subsidy leads to sale of 11.53 lakh EVs under FAME India scheme

The FAME India Phase II Scheme, which started on April 1, 2019, with a budgetary support of Rs 10,000 crore for a five-year period, is designed to boost the electrification of public and shared transportation.

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World carbon dioxide emissions increase again, driven by China, India and aviation

Limiting warming to 1.5 degrees is "just possible'' but only barely and with massive emission cuts, said Intergovernmental Panel on Climate Change Chairman Jim Skea.

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ReNew inks initial pact with Asian Development Bank for USD 5.3 bn funding

According to the statement, the MoU identified potential investments in renewable energy projects, manufacturing, carbon offset projects, green hydrogen, to jointly support sustainable energy transition.

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Kerala allocates over Rs 12,500 cr for phase-I green hydrogen valley, green transport corridor

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India leads in climate targets and sustainable cooling, says Environment Secy at COP 28

Speaking on “India’s journey towards sustainable cooling”, Nandan highlighted India's progress in meeting its Nationally Determined Contributions (NDCs), including a 33% reduction in emission intensity of its GDP as of 2019, surpassing the initial 2030 target.

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India leads in climate targets and sustainable cooling, says Environment Secy at COP 28

Speaking on “India’s journey towards sustainable cooling”, Nandan highlighted India's progress in meeting its Nationally Determined Contributions (NDCs), including a 33% reduction in emission intensity of its GDP as of 2019, surpassing the initial 2030 target.

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To greenwash or do the right thing? Corporate dilemmas at COP28

With the enormous former Expo 2020 site given over to green -- and not so green -- companies to trumpet their climate credentials, the private sector has never been embraced so warmly at a climate summit as it has been in the oil-rich city state.

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COP28 lines up new climate pledges - but do they work?

Among the expected pledges at COP28 are a goal to triple renewable energy capacity and initiatives on methane and coal power. These voluntary side deals have proliferated in recent years, even as global temperatures and greenhouse gas emissions continue to rise.

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COP28: Pragmatically determined commitments?

It is evident that post Ukraine-Russia war, the prime concern of the Western world is to help protect their people and their quality of life. Contrast that with the developing countries, including India, where leave alone any quality of life, very large proportions of population is fighting for basic survival.

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COP28: India, China refrain from signing pledge to triple world's renewable energy capacity by 2030

During the UN's climate talks here, 118 countries committed to tripling the global renewable energy capacity by 2030 in a highly endorsed initiative. This ambitious goal aims to reduce the reliance on fossil fuels in the world's overall energy production.

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HUL partners Brookfield to set up 45 MW solar energy park in Rajasthan

HUL also announced the appointment of former Economic Affairs Secretary Tarun Bajaj (61) as an Independent Director on its board, effective December 1, 2023, for a period of five years.

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Developed countries with emission intensitiy much above world average must reduce it: R K Singh

The issue of phasing out of coal power plants by India was a "diversionary tactic topic" of "anti-development forces", and the country's per capita emission is one of the lowest in the world, the minister said, talking to reporters on the sidelines of a conference on 'Energy Transition in India - Road Travelled and Opportunities Ahead' here.

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PM Modi proposes hosting 2028 UN climate talks, unveils 'Green Credit Initiative' at COP28

Participating in multiple high-level events on the second day of the UN climate conference (COP28) here, the Prime Minister said rich nations should completely reduce their carbon footprint "well before" 2050 and give all developing countries their fair share in the global carbon budget.

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Delhi breathes easier in 2023: Best air quality in 6 years despite November's haze

The city's daily average Air Quality Index (AQI) stood at 190, marking a noticeable improvement over previous years.

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One in five Indian firms without emission reduction plans as climate crisis looms: Report

The report, titled "The role of the CFO and finance function in the climate transition: driving value and sustainability," is based on a survey of 1,000 senior finance professionals worldwide.

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Govt says 125 new projects taken up for exploration of critical minerals

There is high demand for critical and strategic minerals, and the demand is usually met by imports. Critical minerals are used in various sectors, including renewable energy, defence, and agriculture.

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India’s next agriculture revolution can happen under solar panels

How Agrivoltaics presents us a rare opportunity to decarbonize the agriculture sector and achieve Just Transition.

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Govt puts 20 mineral blocks worth Rs 45,000 crore, including Lithium, up for auction

This strategic move is part of India's broader goal to strengthen its critical mineral supply chain for energy transition and to achieve its net-zero target by 2070.

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COP28 set to kick off in Dubai from Nov 30; UAE hopeful for deal on renewable energy tripling, doubling energy efficiency

The negotiations are expected to be focused on phasing out fossil fuels, a gap in climate finance and the framework for the Global Goal on Adaptation at COP28.

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BioFuelCircle targets pan-India expansion by 2028, aims to connect a million farmers to bioenergy supply chain

The company, which currently transacts 200 crores annually and operates in six states, is setting its sights on a fortyfold growth over the next five years.

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India set to overtake Southeast Asia in solar module production by 2025

This growth is set against the backdrop of China's dominant investment in the solar industry, which in 2023 alone amounted to over US$130 billion.

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India needs $101 bn additional financing to reach net-zero targets: Ember

India’s solar and wind capacity needs a five-fold increase by 2030 to align with the IEA net-zero scenario

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Oil regulator adds Mizoram to 12th city gas bid round

Mizoram was also identified to be part of the bid round but it was included as assembly elections had been announced and a clearance from the Election Commission was needed to be obtained.

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India calls for concrete action on climate funding, transfer of technology ahead of COP28

The Finance minister made the comments during a virtual session at the inaugural event of India Global Forum Middle East and Africa 2023 (IGF ME&A) held in Dubai on Monday.

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J-K, north-eastern region have potential to drive India's future growth story: Jitendra Singh

The training event is being hosted at the Lal Bahadur Shastri National Academy of Administration in Mussoorie from Novemebr 27 to December 8, an official statement said.

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Explainer: Why carbon capture is no easy solution to climate change

As nations gather for the 28th United Nations climate change conference in the United Arab Emirates at the end of November, the question of carbon capture's future role in a climate-friendly world will be in focus.

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Nepal to provide solar energy solutions to Jajarkot earthquake victims

The earthquake caused complete destruction to over 26,500 houses and partial damage to at least 62,000 houses, Energy, Irrigation and Water Resources minister Shakti Basnet said at an event here on Sunday.

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India to cross 4-GW rooftop solar capacity addition this year

India added about 2.2 GW of solar rooftop capacity in seven months of FY24

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Coal India aims for 3 GW solar energy capacity by 2025-26

CIL has detailed the award of contracts for 379 MW of solar projects to be executed across its various subsidiaries, alongside a significant 100 MW solar plant dedicated for Gujarat Urja Vikas Nigam Limited (GUVNL).

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BioFuelCircle CEO calls for swift carbon credit policy to boost India's biofuel industry

"Rolling out of carbon credits and green credits mechanisms as early as possible for conversion from fossil fuel to green fuel, I think could be a great policy initiative and support for this transition to biofuels," said Baxi in an interview with ET Energyworld.

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India plans to ask ONGC to consider rights issue to fund HPCL: Report

The comments come after India's finance minister announced a plan this year to provide equity of 300 billion rupees ($3.6 billion) to help the big state oil refiners move towards cleaner energy.

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Power Grid Corp board approves investment worth Rs 367 cr

It is scheduled to be commissioned within 21 months from the date of intimation by CTUIL letter on July 10, 2023 -- by April 9, 2025

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India leads G20 in green energy transition; pledges $25 mn for digital growth in global South

Addressing the G20 Virtual Leaders' Summit, PM Modi said, "Through the Global Biofuels Alliance launched in New Delhi, we are reducing carbon as well as promoting the development of alternative fuels," positioning India at the forefront of the transition to sustainable energy sources.

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Adani Green adopting robotics for maintenance of solar modules, water conservation

At present, 2,070 MW, or 30 per cent, of its operational 7,043 MW solar and hybrid capacity is covered by robotic cleaning technology, which conserves 283 million litres of water annually, AGEL said in a statement.

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Charge on generation of electricity: The states' Water Cess conundrum

It is high time that the Honourable Supreme Court takes up this issue and settles the dust around it as it has potential to impact the federal structure of the Union.

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Charge on generation of electricity: The states' Water Cess conundrum

It is high time that the Honourable Supreme Court takes up this issue and settles the dust around it as it has potential to impact the federal structure of the Union.

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Plan to manufacture our first solar cell by December 2024: Vinay Thadani, Director, Grew Energy

The company has recently signed a MoU with Yingkou Jinchen Machinery for 4.8-GW PV module line

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Plan to manufacture our first solar cell by December 2024: Vinay Thadani, Director, Grew Energy

The company has recently signed a MoU with Yingkou Jinchen Machinery for 4.8-GW PV module line

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CONCOR ties up Indraprastha Gas to explore possibility of LNG/LCNG infra at terminals

CONCOR and IGL also agree to explore the possibility of transportation of LNG in future through railway rakes from LNG terminals near sea ports like Dahej in Gujarat to the desired locations within India.

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World headed for nearly 3 degrees Celsius warming if drastic steps not taken: UN report

Countries need to cut emissions by 28 per cent to limit global warming to 2 degrees Celsius and by 42 per cent to meet the 1.5 degrees Celsius goal, United Nations Environment Programme's Emissions Gap Report 2023, titled "Broken Record", said.

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Centre orders removal of GRAP Stage-IV curbs in Delhi-NCR after air quality improves

These measures constitute the final stage, Stage IV, of the Centre's air pollution control plan, which is activated at least three days before the Air Quality Index (AQI) surpasses the 450-mark in the capital.

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China's Trina Solar eyeing India's market for Green Hydrogen electrolysers

"Very soon you will also see Trina Solar selling electrolysers in the global market. Our capacity in the electrolyser segment will also be huge, in GWhs, to start with. In India, we are talking to a few developers who are setting up Green Hydrogen capacities," said Todd Li.

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IREDA fixes price band at Rs 30-32 per share for Rs 2,150 crore IPO

The company's maiden IPO will open for the public on November 21 for subscription and close on November 23, it said.

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India tightens climate goals with new carbon credit trading compliance draft

These obligated entities, as per the draft, will be informed of an annual target spanning three years, post which, revisions will be made based on the trajectory outcomes.

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Coal industry employment drops to 6.2 mn, despite 7% increase in production: Report

China's slowdown in job losses within the coal industry marked a significant change, while India saw a gradual rise in employment, buoyed by private sector engagement and productivity enhancements.

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Hydropower jobs surge in Asia; India emerges as key player: Report

The Asia Pacific region, with India as a key contributor, hosts more than half of the global hydropower workforce, with the sector witnessing a 6% increase in employment in 2022, spurred by significant new projects.

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CII-IGBC unveil 'IGBC-Nest' for individual homeowners to reduce energy cost by 20-30%

IGBC has launched a framework specifically developed for residential units to build green homes that control and limit carbon emissions.

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Asian economies must ramp up wind and solar power to keep global warming under 1.5C, report says

Nearly a third of that renewable energy should come from wind and solar power, said the report by researchers of Berlin-based Agora Energiewende. A fifth would be hydropower and other clean sources and the remainder, fossil fuels.

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Power ministry sets benchmark prices for biomass pellets to boost sustainable energy in thermal power plants

The decision aims to streamline the supply chain of biomass pellets and encourage the use of eco-friendly fuel, thereby promoting cleaner energy production.

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Adani Energy Solutions plans to raise USD 360 million via bonds

Soni also told analysts about the company's plan to raise another USD 1 billion, saying, "we are looking at a billion dollar of raise, so I think we are still working on it, so the time what we have given by year end that still holds good from our perspective."

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Jharkhand: Modi to launch Rs 24,000-crore scheme for empowerment of tribals

The focus of the Yatra will be on reaching out to people and create awareness and providing benefits of welfare schemes like sanitation facilities, essential financial services, electricity connections, access to LPG cylinders, housing for the poor, food security, proper nutrition, reliable healthcare, clean drinking water, etc.

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Adani Electricity used renewable source to supply four hours of power to Mumbai on Diwali day

Adani Electricity supplied 1,200 MW of power from renewable sources to its 3 million subscribers between 10 AM and 2 PM, which meant that over 40 per cent of the financial capital's power needs were derived from renewable energy.

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Tamil Nadu issues GO to waive peak-hour electricity charges for MSME sector; but industries not satisfied

The GO also reduces network charges for rooftop solar connections by 50%. However, the Federation of the Tamil Nadu Industrial Electricity Consumers is not happy with the waiver and will continue its protest against the tariff hike.

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COP28 president-designate praises India for its energy transition vision

The UAE and India shared a "vision for embracing an energy transition in line with sustainable socio-economic development," Al Jaber said at the 'From G20 to CO' special forum held at Abu Dhabi.

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India looking at record high solar capacity addition at 17 GW this year

Could be the highest ever growth in solar capacity addition for India during a financial year

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Adani Enterprises aims big on data centers with $1.5 billion capex planned

AdaniConnex, which has only one operational data center in Chennai so far, has completed almost two-thirds of the construction in the Noida and Hyderabad facilities, according to a Nov. 2 investor presentation.

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Govt approves DPRs of 2 SJVN projects in Arunachal Pradesh worth Rs 40,000 cr

"Central Electricity Authority (CEA), Ministry of Power has transferred concurrences of DPRs of 3,097 MW Etalin HEP & 680 MW Attunli HEP in favour of the Company. CEA has also extended the validity of said concurrences," the company said.

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Karnataka govt unveils revised draft EV policy, eyes Rs 50,000 cr investment over next 5 years

Addressing an ideation session with representatives of EV industry, he said the government would soon convene a joint meeting of the ministers of finance, energy, transport, and urban development to iron out common issues before launching the final E-mobility policy.

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Over 60 countries back deal to triple renewable energy this decade: officials

Some major emerging economies like Nigeria, South Africa and Vietnam, developed countries like Australia, Japan and Canada, and others including Peru, Chile, Zambia and Barbados have said they will join the pledge, the officials told Reuters.

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Crisil upgrades ratings on Inox Wind with stable outlook

"CRISIL has upgraded its ratings from Crisil BBB+ to Crisil A- (long term rating), Crisil A2 to Crisil A2+ (short term ratings) with stable outlook in relation to ratings of its banking facilities," the company said in a regulatory filing.

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SJVN concludes 1st e-reverse auction to select revenue energy developers for 1,500-MW projects

The auction to supply 1,500 MW power from interstate transmission system connected renewable projects with energy storage across India attracted nine companies.

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ReNew avoids 14 MT carbon emission in FY23, says company report

"ReNew's net-zero targets by 2040 were validated by SBTi which include an interim commitment to reduce absolute Scope 1, 2 and 3 GHG (greenhouse gases) emissions by 29.4 per cent by FY 2026-27, from a base year of FY 2021-22," it said.

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States told to form energy transition committees to fasttrack decision making, achieve targets

In view of the ambitious energy transition targets, the minister advised the states to form state level committees on energy transition under the Chief Secretary to fast-track decision making and achievement of set targets.

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Gautam Adani meets Vietnamese tycoon

Adani met the head of Vingroup, Vietnam's largest conglomerate with interests in real estate, retail and healthcare among others, at his office in Ahmedabad.

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Oil India's Q2 profit hurt by litigation charge

Profit for the quarter ended Sept. 30 dropped to 3.25 billion rupees from 17.21 billion rupees an year ago. However, profit before tax from its crude oil segment rose nearly 42%, while its natural gas segment rose over 24%, it said in a statement.

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Jammu startup to launch 'Zool Energy' to replace fuel-based gensets

A product of Xcanun Science And Tech Pvt Ltd, Zool Energy, was one of the main attractions at a mega startup exhibition organised at the Jammu University, where indigenous products and prototypes by startups in the Union Territory were showcased on Wednesday.

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SJVN receives nod from Uttarakhand Power Corporation for purchase of 200 MW solar power

UPCL intends to purchase 200 MW power at a tariff of Rs 2.57 per unit from its 1,000 MW Bikaner Solar Project in Rajasthan, SJVN said in a statement.

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Avaada Energy bags 1,400 MW solar project

The project won through an e-reverse auction process showcases Avaada Energy's commitment to competitive pricing with a winning tariff of Rs 2.53 per kWh, as per a company statement.

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Investcorp forecasts climate investments to eclipse digital boom

The paper details how the sector extends beyond energy transition projects like solar and wind to a broader category encompassing the decarbonization of energy, emission mitigation, and climate risk reduction.

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Sri Lanka's CEB seeks interest for 200 MW floating solar plants on Samanalawewa reservoir

Interested parties are sought for the construction of floating solar photovoltaic (PV) power plants to be installed on the reservoir, with the goal of enhancing the country's renewable energy capacity.

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Shift farm power to renewables, save coal for non-solar hours: R K Singh

At the National Conference of Power and New & Renewable Energy Ministers of States & UTs, Singh detailed the government's approach to meeting the country's escalating power demand, indicative of its rapid economic growth.

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Renew Power to invest Rs 44,000 cr by FY26: CEO Sumant Sinha

The company, which has an installed capacity of 9.5 GW, is looking to invest both in wind and solar projects going forward that will require investments at the rate of about Rs 5.5 crore per MW, he said.

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REITs, InvITs collect Rs 18,658 cr in Apr-Sep on robust infra demand, attractive returns

This came following a fund collection of Rs 2,596 crore through listed Infrastructure Investment Trusts (InvITs) in the entire 2022-23, although the amount mopped up through listed Real Estate Investment Trusts (REITs) was nil, data with the Securities and Exchange Board of India (Sebi) showed.

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NTPC’s renewable energy capacity goes up 3,364 MW; total energy capacity goes up to 73,874 MW

With this, the total installed capacity of NTPC Group has become 73,874 MW and the total RE operational capacity of NTPC Group now stands at 3,364 MW.

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In the face of growing demand, experts weigh in on solar rooftop safety and security

Security concerns are similarly pressing. The high value of solar panels makes them prime targets for theft, and as systems become more interconnected, they also become more vulnerable to cyber-attacks.

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Green hydrogen production from Indian power grid to yield 30 kg CO2 per kg hydrogen: V K Saraswat, member, NITI Aayog

In comparison, blue hydrogen produced from natural gas reformation is estimated to emit 1.7 kg CO2 per kg hydrogen, he added

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IndiGrid Q2 net profit falls 69 pc to Rs 39 crore

The company's total expenses rose to Rs 683.39 crore in the July-September quarter from Rs 466.76 crore a year ago.

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Article on Adani-Hindenburg row: SC grants interim protection to 2 journalists

At the outset, the bench asked senior advocate Indira Jaising, appearing for the duo, why have they approached the apex court directly.

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Uttarakhand govt approves 5 solar power plants to promote green energy

It said that Energy and Alternative Energy Secretary R Meenakshi Sundaram has informed that five proposals have been approved by the State Level Monitoring Committee constituted under his chairmanship at the government level.

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Delhi's pollution crisis: Marginal dip in levels as haze persists, health concerns rise

A thick toxic haze lingers over the city for the fifth consecutive day on Saturday, with doctors expressing concerns that air pollution is causing an increase in respiratory and eye problems among children and the elderly.

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Suzlon Energy Q2 profit up 81 pc to Rs 102 cr

Total income declined to Rs 1,428.69 crore in the second quarter from Rs 1,442.58 crore in the same period a year ago. Total expenses also dipped to Rs 1,291.26 crore from Rs 1,427.84 crore.

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Sitharaman calls for greater cooperation & investment by Indian firms in SL

Finance Minister Nirmala Sitharaman on Thursday called for greater cooperation between industries of both India and Sri Lanka, as this would not only help Colombo save logistics costs and ensure stability in supply chains, but also reduce its dependence on external assistance in a gradual manner.

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Climate finance tops $1 trillion in 2021, still far from 2030 target: Study

The study showed that the average annual flows in 2021/2022 surged to nearly USD 1.3 trillion, a twofold increase from the figures of 2019/2020.

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Venezuelan oil's market entry could reshape global oil dynamics: Hardeep Singh Puri

“We will buy from wherever we can get cheapest, and Venezuelan oil by the way can be used in our refineries now…If Venezuela (Venezuelan oil) comes on the market it should have a sobering effect on all the other (oil producing countries)," he said.

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India set to add 5.8 million tonne of green ammonia manufacturing capacity: R K Singh

Highlighting the country's commitment to decarbonizing its economy, Singh mentioned that the push isn't solely focused on renewables.

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Net zero goal relies on diversified solar supply chains: R K Singh

Organized jointly by the ministry of new & renewable energy, the Asian Development Bank, and the International Solar Energy Society, the conference accompanies the Sixth Session of the International Solar Alliance (ISA) Assembly.

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Govt hikes windfall profit tax on crude oil, cuts levy on diesel exports

The tax, levied in the form of Special Additional Excise Duty or SAED, on domestically produced crude oil was increased to Rs 9,800 per tonne from Rs 9,050 a tonne, according to an official notification.

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Hartek powers 5GW solar to grid, eyes Rs 10,000 cr valuation by 2030

Interview with Hartek Group CEO Simarpreet Singh

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ISA to adopt India's solar practices; eyes investment in Africa: R K Singh

"The Assembly discussed replicating the successful energy access and transition practices adopted by India in developing countries," said the ISA President.

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Servotech Power Systems net profit grows three-fold to Rs 3.12 crore in Q2

Servotech Power Systems Managing Director Raman Bhatia said: "Our success can be attributed to our steadfast dedication to delivering cutting-edge, technology-driven solutions in the fields of electric vehicles and solar energy."

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COP28 President urges enhanced adaptation finance for vulnerable countries

Speaking at the third Climate and Development Ministerial, co-hosted by the UK, Vanuatu, and Malawi, Al Jaber said, "People and the planet lie at the heart of the climate process, which is focused on protecting lives, livelihoods and nature."

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BPCL returns to black after marketing margin boost

The profit was aided by a boost in marketing margins as a freeze on petrol and diesel price revision despite a fall in input crude oil prices helped recover losses incurred when rates were high last year.

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Engie India to invest Rs 3,500 cr for 700-MW renewable energy projects

The company plans to go solar in major way in India

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RECPDCL hands over SPV to POWERGRID for evacuation of renewable energy from Rajasthan

The work of the SPV involves the implementation of a 765/400kV & 2x500 MVA 400/220 kV pooling station at Ramgarh along with 765kV D/c line (Ramgarh PS to Bhadla-3 PS) in the state of Rajasthan.

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Green Energy push: Coal Ministry and Ministry of New & Renewable Energy join hands

The central public sector undertakings of the Ministry of Coal, Coal India Limited, NLCIL and SCCL have already embarked upon a net zero plan in furtherance of the Panchamrit targets.

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Reliance Industries second-quarter profit misses on fall in fuel prices

The Mukesh Ambani-led conglomerate said its consolidated profit rose to 173.94 billion Indian rupees ($2.09 billion) in the second quarter ended Sept. 30, from 136.56 billion rupees a year earlier.

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Allcargo Group sets sights on carbon neutrality by 2040 amid global green push

The report details the group's ESG objectives, which encompass energy and emissions, occupational health and safety, diversity, equity, and inclusion (DEI), community development, labor practices and human rights, cybersecurity, and corporate governance.

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India's green hydrogen drive could boost emissions without proper safeguards, warns Think Tank

Concerns arise from research indicating that green hydrogen, generated through grid-powered electrolysis, might possess embodied carbon emissions higher than that from traditional grey hydrogen made from fossil fuels.

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IndianOil debuts 'Reference Fuels'; Puri hails move as step towards India's energy independence

Puri said: "This step stamps our indigenous technical prowess, highlighting its alignment with the government's Make in India and AtmaNirbhar Bharat visions."

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Adani auditor EY faces inquiry by India’s accounting regulator

The regulator has requested files and communications related to its audits on some of the companies controlled by billionaire Gautam Adani going as far back as 2014, the people said.

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How can India lower its cost of issuing Green Bonds?

The scale and challenge of sourcing trillions of dollars in clean energy and low-carbon infrastructure investments for EMDEs could require new thinking in financial instrument design and a willingness of international institutions to take on expanded roles. This article describes a structure which could be one such step in that direction.

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How can India lower its cost of issuing Green Bonds?

The scale and challenge of sourcing trillions of dollars in clean energy and low-carbon infrastructure investments for EMDEs could require new thinking in financial instrument design and a willingness of international institutions to take on expanded roles. This article describes a structure which could be one such step in that direction.

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Husk Power Systems raises $43 million in Series D round

The funding is poised to strengthen Husk’s operations in electrifying rural communities in Sub-Saharan Africa and South Asia using an AI-driven renewable energy platform.

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Corporate funding in solar surged 55 per cent to $28.9 bn in Jan-Sep

Despite inflationary challenges and elevated interest rates, financing in the solar industry has remained robust through the first three quarters of 2023, Mercom Capital Group CEO Raj Prabhu said.

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IREDA Q2 profit up 54% to ₹285 crore, loan book expands to ₹47,514 crore

The total income from operations climbed by 49%, amounting to ₹1,176.96 crore from ₹791.56 crore. The loan book displayed a growth of 41%, now pegged at ₹47,514.48 crore, up from last year's ₹33,783.36 crore.

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ONGC wins bid to acquire PTC's wind power unit for Rs 925 cr

ONGC said it has taken various initiatives for renewable energy power generation and already has 189 megawatt (MW) capacity, including wind and solar PV plants spread across various locations.

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ONGC wins bid to acquire PTC's wind power unit for Rs 925 cr

ONGC said it has taken various initiatives for renewable energy power generation and already has 189 megawatt (MW) capacity, including wind and solar PV plants spread across various locations.

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Oriana Power's subsidiaries bag solar orders of 16.831 MWp

"These project acquisitions are in line with our commitment to fortify the nation's progression towards a sustainable energy future," the company said in an official statement.

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Oil India Ltd controls leakage from abandoned well in Assam after 4 days

"After nearly 60 hours, the uncontrolled flow of fluid (mainly water) from well NHK-67 near Duliajan was capped successfully around 12.44 pm today," it added.

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Requirement of key minerals bottleneck for scaling up India’s green hydrogen electrolyser manufacturing

Most commonly used minerals for this include platinum, cobalt, nickel, iridium, tantalum, gadolinium, zirconium, lanthanum, cerium, yttrium

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Star rating programme for solar PV modules to help consumers make informed decision: R K Singh

In his address, Singh said that now consumers can make an informed decision. The ratings will help consumers choose the best of the panels while getting solar installations from vendors.

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

Star rating programme for solar PV modules to help consumers make informed decision: R K Singh

In his address, Singh said that now consumers can make an informed decision. The ratings will help consumers choose the best of the panels while getting solar installations from vendors.

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

President denies assent to Delhi Electricity Reforms (Amendment) Bill: Speaker Goel

"The Bill was not approved by the president and returned back," Delhi Assembly Speaker Ram Niwas Goel told PTI.

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Tata Steel to acquire 26 per cent stake in Tata Power Renewable Energy arm TPVSL

It will also source 379 megawatt (MW) of clean energy from Tata Power Renewable Energy Ltd (TPREL), Tata Steel Ltd (TSL) said in a statement.

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Rajasthan, J&K to buy power from SJVN's solar power facility

Public sector SJVN has received letters of intent from Jammu and Kashmir Power Corporation Ltd (JKPCL) and Rajasthan Urja Vikas Nigam Ltd (RUVNL) for purchasing solar power from an upcoming facility.

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Solar power poised to become dominant global energy source by 2050: Study

This research is backed by the UK Government's Department for Energy Security and Net Zero, as well as the Children's Investment Fund Foundation (CIFF), under the umbrella of the Economics of Energy Innovation and System Transition (EEIST) project.

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Solar power poised to become dominant global energy source by 2050: Study

This research is backed by the UK Government's Department for Energy Security and Net Zero, as well as the Children's Investment Fund Foundation (CIFF), under the umbrella of the Economics of Energy Innovation and System Transition (EEIST) project.

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SJVN ropes in EKI Energy Services for issuance of international renewable energy certificates

An international renewable energy certificate (I-REC) means one MWh (1,000 units) of electricity was produced from renewable energy sources, SJVN said in a regulatory filing.

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International Solar Alliance's 6th Assembly to focus on security, transition, access to energy

The 6th Assembly of the International Solar Alliance (ISA) will be held in New Delhi from October 30 to November 2, which will be presided over by Union Power and New & Renewable Energy Minister RK Singh, who is also the President of the ISA Assembly.

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GMIS 2023 Day 2: Rs 2.37 lakh crore boost in maritime; 70 MoUs spanning ports, green hydrogen

With green initiatives taking center stage, the summit tallied an investment of ₹2.37 lakh crore across various maritime industries. These MoUs, grounded in sustainable development, ranged from Port Development to green hydrogen & ammonia initiatives.

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GMIS 2023 Day 2: Rs 2.37 lakh crore boost in maritime; 70 MoUs spanning ports, green hydrogen

With green initiatives taking center stage, the summit tallied an investment of ₹2.37 lakh crore across various maritime industries. These MoUs, grounded in sustainable development, ranged from Port Development to green hydrogen & ammonia initiatives.

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Jagatjit Industries gets Rs 180 cr term loan from IREDA for ethanol plant

The primary objective of this facility is production of ethanol for blending with petroleum, thereby contributing to the biofuel sector, the company said adding it aims to make the plant operational by fourth quarter of FY2024-25.

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Market for Indian hydrogen equipment manufacturing and services worth $50 bn by 2030: IH2A

The industry body projects $36-bn regional equipment and services exports market and $13.5-bn domestic equipment market size over next seven years

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Market for Indian hydrogen equipment manufacturing and services worth $50 bn by 2030: IH2A

The industry body projects $36-bn regional equipment and services exports market and $13.5-bn domestic equipment market size over next seven years

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Freyr Energy raises Rs 58 crore

Freyr Energy helps retail customers such as homeowners and micro, small, and medium enterprises, to set up rooftop solar units.

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NTPC planning Rs 10,000-crore capex for renewables this year

It is targeting 1.5 GW of renewable energy capacity this year of which largely will be solar energy

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NTPC planning Rs 10,000-crore capex for renewables this year

It is targeting 1.5 GW of renewable energy capacity this year of which largely will be solar energy

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"Russia ready to provide world with cheap, clean energy...": Valentina Matvienko

The Speaker of the Federation Council delivered her address to the session on green energy at the G20 Parliamentary Speakers' Summit (P20) held in New Delhi on Friday.

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Top Indian solar manufacturer asks for protection from China, Vietnam imports

The temporary relaxation of a safeguard mechanism stating a list of approved solar makers in March has ushered in a flood of cheap imports, forcing local manufacturers to idle some capacity, Waaree Energies Ltd. Chairman Hitesh Doshi, said in an interview.

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B K Mohanty assumes charge as Director (Finance) of IREDA

Following an order issued by the Ministry of New & Renewable Energy on 12 October, Mohanty has been appointed to the post for 5 years from the date he assumed charge or until further orders, whichever is earlier.

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AVAADA inks pact with REC for energy transition projects in Odisha

The partnership is focused on accelerating the transition to green energy and supporting India's aspirations to establish itself as a prominent global hub for manufacturing Green Hydrogen and its derivatives, the company said in a statement.

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India to push developed nations to become 'carbon negative' before 2050: sources

India, which is resisting calls to commit to a deadline for phasing out its own use of coal and other fossil fuels, is set to make its proposal at the COP28 climate summit in Dubai later this year.

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Top Indian solar manufacturer asks for protection from China, Vietnam imports

The temporary relaxation of a safeguard mechanism stating a list of approved solar makers in March has ushered in a flood of cheap imports, forcing local manufacturers to idle some capacity, Waaree Energies Ltd. Chairman Hitesh Doshi, said in an interview.

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SECI extends date to submit bids for 100 MW floating solar project in Jharkhand

The revised date and time for bids submission is till 2 pm on October 31, and the bids will be opened at 2.30 pm on the same date, SECI said in a notification.

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Opinion: Japan has serious work cut out with carbon cutting ambitions

The world's third largest economy ranks fifth in greenhouse gas emissions, spewing roughly 1.1 billion tonnes of carbon dioxide (CO2) annually from energy generation and process emissions, according to the Energy Institute.

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Revised bidding guidelines for renewable energy: Fueling India’s Energy Transition

The Revised Guidelines is a step in the right direction and together with the Government’s focus on augmenting transmission infrastructure to support the increase in non-fossil fuel sources as part of its energy mix, India will be able to realise its vision of being a pioneer in energy transition.

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Robotic cleaning requires 3-times higher investment but short payback period: Kumar Shailendra, Sol-Bright

Interview with Kumar Shailendra, Country Head, Sol-Bright Technology Co.

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Robotic cleaning requires 3-times higher investment but short payback period: Kumar Shailendra, Sol-Bright

Interview with Kumar Shailendra, Country Head, Sol-Bright Technology Co.

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Decarbonisation tech needs to be viable: Shell's chief technology officer Yuri Sebregts

Electrifying personal mobility is "proven and fully possible" and it is "only a matter of turning over the world's vehicle stock", he said. But, decarbonising airplanes or ships or industrial energy is not easy, he added.

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K P Energy bags order from Aditya Birla Renewables

K P Energy will be responsible for providing a range of services, including Engineering, Procurement, Construction, and Commissioning (EPCC) for the project.

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Government to exploit Wind Energy in Lahaul Spiti region: Himachal CM Sukhu

The government is promoting the exploitation of solar energy to provide round-the-clock electricity in tribal regions and two solar power projects were being set up in Hangrang Valley of Kinnaur.

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Despite global surge, India maintains stable fuel prices over two years

While places like Italy and Spain saw petrol prices reach a staggering ₹166.25 and ₹144.18 respectively in September 2023, India managed to keep its petrol and diesel costs considerably lower, pegging at ₹96.72 and ₹88.92 respectively.

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ReNew plans to enter green hydrogen in a big way, says Sumant Sinha

“The emergence and evolution of green hydrogen is happening as an opportunity to extend renewable energy into a number of other areas so we intend to get into that in a big way,” said Sinha.

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Sterling & Wilson misses payments to lenders

The company informed lenders that the account would be regularised by the end of this month, and the missed payment is due to temporary liquidity issues that are being addressed, said the banker cited above.

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MUNPL's power surge: Targets Rs 4,500 cr revenue, 5,600 MW expansion, green endeavours

In an exclusive interview with ET Energyworld, MUNPL CEO Sunil Kumar provides a comprehensive look into the company's achievements and future goals.

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CEA unveils slope stability guidelines for hydropower amid Himalayan geological concerns

Projects with a capacity of 400MW and above, termed "vulnerable", would require the project authority or developer to scrutinize the reservoir's upper reaches, pinpoint fault sites, and adopt necessary corrective measures for stabilization.

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Power ministry proposes cut in renewable generation obligation for new power plants to 6-10% from 40%

The proposed mandate will bring down the obligation from the existing 40% to a range of 6-10%, depending on the commissioning date of the plants, the latest draft notification, issued by the ministry of power on October 6 said.

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Skills Development ministry eyes funds via social bourse

The move is aimed at creating an alternative funding mechanism for its skilling initiatives, which are currently being funded either through grants or through corporate social responsibility and philanthropists. Funding is currently input-based and limited in nature.

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US Development Finance Corporation announces full slate of investments in India

This investment will support India's program to increase renewable energy generation while advancing the global energy transition to diversify supply away from PRC dominance, according to an official release.

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Utility-scale energy projects face array of hurdles, says AmpIn Energy Transition CEO

Several common challenges faced by utility-scale project developers include change in law or policy, regulatory and permitting hurdles, delayed signing of PPAs and PSAs by off-takers, land acquisition and supply chain issues

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Relationship between GDP Growth, Energy Consumption and CO2 Emissions: A comprehensive analysis

This article presents a case study that examines 52 years of data spanning from 1970 to 2021, analysing the relationship between GDP, energy consumption, and CO2 emissions resulting from energy sources.

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Net Zero roadmap: Why there is a need for front-loaded actions

Let Net Zero not become an excuse to license a recklessly cavalier ‘burn now, pay later’ approach, which has seen carbon emissions continue to soar. The front-loaded climate actions mean that large and sustained cuts in GHG emissions need to happen now.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/F5rjPNU

Ahead of SC hearing, Adani Group says bid to tarnish reputation by foreign entities

Having failed earlier, a foreign publication is "making another effort to financially destabilise the Adani Group by raking up an old, baseless allegation of over-invoicing of coal imports," Adani Group said in a statement.

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Ahead of SC hearing, Adani Group says bid to tarnish reputation by foreign entities

Having failed earlier, a foreign publication is "making another effort to financially destabilise the Adani Group by raking up an old, baseless allegation of over-invoicing of coal imports," Adani Group said in a statement.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/aIGguS2

Why India must ramp up wind energy generation for its energy transition

The long-term prospects for the wind industry in India remain robust, as the country transitions to competitive, low-carbon technologies, fostering sustainable growth and a cleaner, greener future.

from Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/lY7c1Q4

Net Zero roadmap: Why there is a need for front-loaded actions

Let Net Zero not become an excuse to license a recklessly cavalier ‘burn now, pay later’ approach, which has seen carbon emissions continue to soar. The front-loaded climate actions mean that large and sustained cuts in GHG emissions need to happen now.

from Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/F5rjPNU

Israel-Hamas conflict jolts oil markets; India says "watching closely", eyes diversified sourcing

While the current areas embroiled in conflict don't directly produce oil, the strife has added a geo-political risk premium to oil, nudging prices upward.

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Shift to green hydrogen from gray to cost India’s refining sector $3/bbl on gross margins

Adoption by refineries would be cautious with gray-green blending initially and as green hydrogen cost drops by CY30 to gray levels, the same can expand significantly

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Israel-Hamas conflict: Indian exporters may face higher risk premiums, shipping costs

The International trade experts said the conflict may reduce the profits of domestic exporters but will not impact trade volumes unless war escalates.

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PM Modi reviews progress of announcements made in his Red Fort speech

In his speech, the Prime Minister mentioned ensuring solar power for households and the meeting reviewed preparations to execute the scheme.

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Indonesia set to release plans for $20 bln energy transition next month

Officials had initially planned to launch the Just Energy Transition Partnership (JETP) project in the middle of August, but this was delayed due to problems ranging from differences on funding details to the extent of Indonesia's reliance on coal for electricity.

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Saint-Gobain India investing Rs 3,400 crore in Tamil Nadu

"We are investing Rs 3,400 crore across different businesses -- glass wool, gypsum plasterboard, plaster, acoustic ceiling, float glass, solar glass, adhesives, sealants, mortars and ceramics in our next phase of expansion in Tamil Nadu," B Santhanam, CEO, Asia Pacific and India region and Chairman, Saint-Gobain India, said.

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Renewable energy projects worth Rs 1 lakh cr to start in Uttar Pradesh

The senior bureaucrat said the state received investment proposals worth about Rs 7.50 lakh crore during the UP Global Investors Summit in Lucknow earlier this year.

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Analysis: Philanthropists back justice for workers in green energy deals

As governments and banks grapple with how the promised finance will be delivered and spent, philanthropic donors are looking for ways to help communities now reliant on fossil fuels make the most of opportunities from a renewable energy roll-out.

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Asia Pacific targets $3.3 trillion power generation boost; India leads the charge

Alex Whitworth, Head of Asia Pacific Power & Renewables Research at Wood Mackenzie, highlighted the significance of the region in his keynote at the Renewable Energy India Expo 2023.

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Asia Pacific targets $3.3 trillion power generation boost; India leads the charge

Alex Whitworth, Head of Asia Pacific Power & Renewables Research at Wood Mackenzie, highlighted the significance of the region in his keynote at the Renewable Energy India Expo 2023.

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Texmaco-SSFMPL JV wins contract worth Rs 179.89 cr for construction of Arun-3 hydroelectric power plant in Nepal

The Texmaco-SSFMPL JV has been entrusted with an order valued at Rs 179.89 crore from SJVN Arun-3 Power Development Company Limited, the company statement said.

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Waaree Chairman says BCD has failed to deter solar imports, Points to China's pricing and FTA tactics

Doshi said India is not merely importing a few billion-dollar modules, it is essentially outsourcing a vast portion of its jobs and the entire economy.

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Need investments in research, innovation to reduce green hydrogen production cost: Ireda CMD

"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.

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Sebi likely to tell SC Adani inquiry began in 2014, but hit dead end: Report

SEBI restarted investigations into the group this year after U.S.-based short-seller Hindenburg Research raised governance concerns - allegations Adani Group has denied.

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Foreign participation shrinks at India's renewable energy expo

However, the void has been filled by home-grown domestic entrepreneurs with the expo being held in Greater Noida -- turning out to be the largest ever in terms of size and scale, he said.

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Waaree Chairman says BCD has failed to deter solar imports, Points to China's pricing and FTA tactics

Doshi said India is not merely importing a few billion-dollar modules, it is essentially outsourcing a vast portion of its jobs and the entire economy.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/05wmof3

Gujarat government's new policy aims to generate half the power through renewable sources by 2030

The Gujarat Renewable Energy Policy-2023 was unveiled by Chief Minister Bhupendra Patel in the presence of Energy Minister Kanubhai Desai in Gandhinagar, according to a state government release. It will remain in effect till 2028.

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Solar dominates as India adds nearly 1 million renewable jobs in 2022: Report

The country witnessed a significant uptick in its solar capacity, adding 13.5 GW of solar PV in 2022, a rise from 10.3 GW the previous year, marking new record installations for India, as stated by IRENA in 2023.

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India's hydrogen demand projected at 12mmtpa by 2030; prices expected at $2-2.5/kg

India's current hydrogen consumption stands at an estimated 6 mmtpa, with specific figures fluctuating between 5 and 7 mmtpa.

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India developing taxonomy for green steel amid global ambiguity: Neha Verma, Director, Ministry of Steel

Speaking at the Economic Times India Net-Zero Summit, Verma said India is trying to develop a taxonomy for green steel and this endeavor not only aims to create a market for green steel but also establishes India's commitment to sustainable growth amidst its rapid economic expansion.

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India developing taxonomy for green steel amid global ambiguity: Neha Verma, Director, Ministry of Steel

Speaking at the Economic Times India Net-Zero Summit, Verma said India is trying to develop a taxonomy for green steel and this endeavor not only aims to create a market for green steel but also establishes India's commitment to sustainable growth amidst its rapid economic expansion.

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Abu Dhabi's IHC raises stake in India's Adani Enterprises

IHC said its stake increase reflected its belief in Adani Enterprises' (AEL) ability to "incubate" and scale up airports, data centres and green hydrogen businesses.

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Adani Wind lines up ₹2,000 crore for capacity expansion

The WTG has received type certification from Germany's WindGuard GmbH, enabling it to start series production for global markets.

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Uniform tariff for renewable energy on the anvil

In the pooling system, renewable energy implementing agencies will procure renewable power and supply to distribution companies at a uniform tariff. This will not have any impact on the tariffs for the renewable energy developers.

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Indian Electric Vehicle Exports Surge, with Europe and Nepal Leading the Demand

With exports soaring from Rs 7,988.62 lakhs in 2022 to a staggering Rs 21,391.40 lakhs in 2023, Nepal accounts for a significant chunk of the growth. However, June witnessed an unexpected drop of 74.75%.

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From coal to clean: India's journey and the challenges of its net-zero vision

With a rising energy demand due to significant economic activity and a large population, India aims to revamp its energy blueprint. The path ahead presents various economic, technological, and policy barriers.

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Adani plans to build 10 GW solar manufacturing capacity by 2027

Adani Solar has a confirmed order book of over 3,000 MW in exports that are to be serviced over the next 15 months, they said, adding Adani, recently, raised USD 394 million for solar manufacturing from Barclays PLC and Deutsche Banks AG through a trade finance facility.

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Waaree plans $350 million IPO fundraise, targets $3 billion valuation

The IPO plans come after the company raised ₹1,000 crore in August to fund its ongoing capex plans in a round led by ValueQuest. It had previously raised ₹1,000 crore in October 2022.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/DAj9aUk

Adani plans to build 10 GW solar manufacturing capacity by 2027

Adani Solar has a confirmed order book of over 3,000 MW in exports that are to be serviced over the next 15 months, they said, adding Adani, recently, raised USD 394 million for solar manufacturing from Barclays PLC and Deutsche Banks AG through a trade finance facility.

from Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/mR7pU9T

Employment in energy sector may reach 139 million by 2030: Report

Within this projection, renewables could contribute 38.2 million jobs, while other energy transition technologies could make up 74.2 million.

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Oil and gas take center stage: COP28 President-Designate pushes for decarbonization at ADIPEC

He commended over 20 oil and gas enterprises, encompassing both international and national oil companies, for positively answering the call to reduce emissions from energy production.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/JRnYl9B

Renewable Energy India Expo 2023 to bring investments worth Rs 1,500 crore in biogas segment: IBA

"Renewable Energy India Expo 2023 (REI) will bring an opportunity worth Rs 1,500 crore. The participation is expected to increase by 25 per cent from last year," an IBA statement said.

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Mahanagar Gas reduces CNG and PNG price; check new rates here

CNG in Mumbai will now cost Rs 76.00 per kg, and domestic PNG will now cost Rs 47 per SCM, according to MGL.

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Renewable energy developers pinning hopes on land cost optimisation to cut costs

Land cost optimisation in solar projects in India involves a combination of factors, including site selection, efficient land utilisation, regulatory compliance, and strategic planning

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India calls for Global Stocktake to address gaps in climate funding

The Global Stocktake is a two-year review by the United Nations to evaluate progress toward the Paris Agreement goals. Started at COP26 in Glasgow, this process will conclude at COP28 in Dubai.

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Billionaire Agarwal shakes up Vedanta empire as debt bill looms

The board of Vedanta Ltd. approved a plan to separate the business into six listed verticals — aluminum, oil and gas, power, steel and ferrous, base metals and Vedanta Ltd., the company said in a statement Friday.

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Scindia discusses ways to incentivise green steel production with various stakeholders

Key stakeholders, industry experts, and government officials attended the meeting to discuss ways to achieve sustainability and decarbonisation in steel production on Thursday, the Ministry of Steel said in a statement on Friday.

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Sterling and Wilson Renewable Energy wins order worth Rs 1,535 crore

Sterling and Wilson Renewable Energy Limited (SWRE) has received the notification of award for the EPC project of 300 MWac of NTPC Renewable Energy Limited (NTPC REL) at Khavda RE Power Park, Rann of Kutch, in Gujarat, a company statement said.

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Britain backs undersea cable to tap Moroccan renewable power

Xlinks, a company chaired by former Tesco chief executive Dave Lewis, wants to build 3,800 kilometres (2361.21 miles) of subsea cables to supply solar and wind power from the Sahara to 7 million British homes by 2030.

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India outpaces advanced nations in solar employment: IRENA report

Breaking down India's numbers, on-grid solar contributed to 201,400 jobs, while off-grid settings generated an additional 80,600 jobs.

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India outpaces advanced nations in solar employment: IRENA report

Breaking down India's numbers, on-grid solar contributed to 201,400 jobs, while off-grid settings generated an additional 80,600 jobs.

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India faces energy security challenge amid push for renewables: SBICaps Report

The study sheds light on the energy paradox: while there's a concerted push for renewables, the growth in energy demand is outstripping the ability of green energy infrastructure to keep up.

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India faces energy security challenge amid push for renewables: SBICaps Report

The study sheds light on the energy paradox: while there's a concerted push for renewables, the growth in energy demand is outstripping the ability of green energy infrastructure to keep up.

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Boost in solar energy and electric vehicle sales gives hope for climate goals, report says

Investments in climate action also need to rise, from USD 1.8 trillion in 2023 to USD 4.5 trillion annually by the early 2030s, the report said.

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MGL to set up Asia's largest CBG plant in Mumbai; eyes EV value chain, says MD Shinghal

This initiative will enable the conversion of 1000 tons of solid municipal waste into around 40 tonnes of compressed biogas every day.

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Availability of green hydrogen to reduce dependence on coal in steel making: Tata Steel CEO

In January 2023, the Union Cabinet approved the National Green Hydrogen Mission with an outlay of Rs 19,744 crore with an aim to make India a global hub for manufacturing this clean source of energy.

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Kia India opens solar-powered Green Workshop in Rohtak, Haryana

The facility optimizes water and energy usage extensively and helps in meeting more than 80% of the energy requirements while powering an EV AC charging unit. Kia India also plans to open 150 more Green Workshops by 2026. They will cover even the tier 3 and 4 markets alongside metro cities and Tier 1 and 2, the company said.

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France's Macron to unveil latest plan for meeting climate-related commitments in the coming years

Details of his government's new plan are expected after he meets with key ministers at the Elysee presidential palace on Monday afternoon.

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US says to complete offshore wind auctions on schedule next year

President Joe Biden's White House is depending on rapid adoption of offshore wind to help decarbonize the US power sector to fight climate change, with a goal to install 30 gigawatts by the end of this decade.

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Indore: Holkar stadium to run on solar power

Holkar Stadium can now proudly stand shoulder to shoulder with international cricket venues across India, such as Bengaluru and Mumbai, that have embraced the power of solar energy.

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Reliance may transform into a holding company, says CreditSights

The succession plan, it said, does not entail an abrupt departure of Ambani, that would have disrupted operations and the company's performance, but instead entails grooming and guiding of the next generation.

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After BPCL, ONGC signs up HPCL for sale of oil from Mumbai offshore fields

In a post on X, formerly known as Twitter, ONGC said it has inked "term agreement with HPCL for sale of crude oil from Mumbai offshore."

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Green hydrogen cities will take few years to become viable: Experts

At present, seven states have been identified under this initiative – Sikkim, Andhra Pradesh, Rajasthan, Maharashtra, UP, Chattisgarh, and Gujarat

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Sterlite Power acquires Beawar Transmission to develop power project in Rajasthan

The SPV was awarded to Sterlite Power through tariff-based competitive bidding in August, a company statement said.

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Board of Sterling and Wilson Renewable Energy to meet on Sept 27 for fundraise

ET reported on September 6 that Sterling and Wilson is considering an equity share sale to repay debt maturing this fiscal year. The company is considering an option to raise Rs 1500 crore from qualified institutional investors, ET reported.

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Adani Enterprises, Adani Energy amend articles of association

In cases where more than one debenture trustees are entitled to be appointed a director, then such trustees may jointly nominate one person to the board, the companies said.

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Sterlite Power acquires Beawar Transmission to develop power project in Rajasthan

The SPV was awarded to Sterlite Power through tariff-based competitive bidding in August, a company statement said.

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Malaysia's Petronas poised to clinch $1.6 bn deal for stake in India's AM Green

Petronas is in an advanced state of negotiations that value AM Green at $6 billion, the report said citing people in the know of thngs.

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GTI signs agreement with O2 power for captive solar power plant

Sunay Mukerjee – COO of GTI mentioned, “The power agreement marks a significant step forward in our decarbonization journey.”

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Board of Sterling and Wilson Renewable Energy to meet on Sept 27 for fundraise

ET reported on September 6 that Sterling and Wilson is considering an equity share sale to repay debt maturing this fiscal year. The company is considering an option to raise Rs 1500 crore from qualified institutional investors, ET reported.

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IEX divests 4.93pc equity stake in gas exchange platform to Indian Oil

S N Goel, Chairman and Managing Director, IEX and Director, IGX said, "We are delighted to welcome IndianOil as a strategic partner in IGX.

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Shell seeks partners for renewable assets in India

Sprng, which Shell acquired from Actis in August 2022 for $1.55 billion, develops and supplies solar and wind power to electricity distribution companies in India, seen as a major growth market in the power sector in the coming decades.

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Tesla proposes building battery storage factory in India: sources

Tesla has been in talks about setting up a new electric vehicle (EV) factory in India to build a car priced around $24,000 for weeks, with discussions overseen directly by Prime Minister Narendra Modi. Its renewables push, however, has not been reported so far.

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Shell seeks partners for renewable assets in India

Sprng, which Shell acquired from Actis in August 2022 for $1.55 billion, develops and supplies solar and wind power to electricity distribution companies in India, seen as a major growth market in the power sector in the coming decades.

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Adani Group bags Rs 13,888 crore worth contracts for smart meter installation in Maharashtra

A total of six tenders were awarded by the Maharashtra State Electricity Distribution Company Limited (MSEDCL) to install smart meters, of which two have been bagged by the Adani Group, according to an official communique from the discom seen by PTI.

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From Middle East to Moscow: India's evolving oil routes paint a new energy map

From April to July 2023, the increase was even more significant at 126.94%, underscoring Russia's reinforced position in India's oil landscape.

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India's import dependence on crude oil climbs to 87.8% in April-August 2023: PPAC

India, the world's third-largest consumer of crude oil, imports the commodity to meet its rising domestic demand, particularly in the transportation sector.

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'Replacing low capacity old windmills with higher-powered machines uneconomical now'

According to him, without any tax incentives, decommissioning an old windmill and putting up a new higher powered windmill does not work out economically even though more units will be generated by the new machine.

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Global green hydrogen capacity to hit 21 MTPA by 2030: CII-EY Report

The demand for hydrogen globally was 94 million tons in 2021 and is expected to double to 185 million tons by 2030 in line with net zero emission goals.

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REC going global with green hydrogen project in Oman, eyes South Asian markets

The company sees an opportunity in financing green projects within the framework of the India-Middle East-Europe Economic Corridor (IMEC) and the 'One Sun, One World, One Grid' (OSOWOG) initiative.

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REC going global with green hydrogen project in Oman, eyes South Asian markets

The company sees an opportunity in financing green projects within the framework of the India-Middle East-Europe Economic Corridor (IMEC) and the 'One Sun, One World, One Grid' (OSOWOG) initiative.

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How much remuneration did heads of Indian oil and gas PSUs rake in during 2022-2023? A deep dive into compensation trends

A detailed ET Energyworld analysis of publicly available data gleaned from the annual reports of key industry players.

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India's ONGC willing to wait to regain oil from Russian project

Russian President Vladimir Putin last year removed an Exxon Mobil subsidiary as operator of the Sakhalin-1 oil and gas project in Russia's Far East and transferred it to a new operator.

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India's renewable energy boom not fast enough for 1.5-degree Celsius goal: Report

The report by the independent research group that tracks government climate action and measures it against Paris Agreement goals comes on the eve of the United Nations' Climate Ambition Summit.

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Solar panels go into service near North Pole

Neatly lined up in six rows in a field, 360 solar panels will on Thursday begin providing electricity to an old shipping radio station, Isfjord Radio, now converted into a base camp for tourists.

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Over 200 organisations call for tripling renewable energy capacity to 11,000 gigawatts by 2030

It builds on the momentum created during COP27, which highlighted the pressing need for a rapid energy system transformation and the commitment of the G20 grouping to triple renewable energy capacity by 2030.

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Sidbi offers 100 pc funding for MSME green projects

"We are ready to extend 100 per cent loan at an interest rate as low as 7-8 per cent (depending on their credit ratings) to install rooftop and ground-mounted solar rooftop power projects," Jay Kumar Gupta, a deputy general manager of the lender said at an MSME financing event here Monday.

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Sidbi offers 100 pc funding for MSME green projects

"We are ready to extend 100 per cent loan at an interest rate as low as 7-8 per cent (depending on their credit ratings) to install rooftop and ground-mounted solar rooftop power projects," Jay Kumar Gupta, a deputy general manager of the lender said at an MSME financing event here Monday.

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Hope Centre will give aid for Marathwada water grid project, we've made a request to PM: Shinde

The region, comprising eight districts, was under the oppressive rule of the Nizam of Hyderabad. An uprising of peasants and common citizens ensured the defeat of the Nizam and his Razakar militia and the region merged with India on September 17, 1948.

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REC sanctions Rs 3,081 cr to Serentica for solar-wind project in Karnataka

REC Ltd is a Maharatna Central Public Sector Enterprise under the Union Ministry of Power. Established in 1969, REC Limited is an NBFC focusing on power sector financing and development across India.

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Diesel sales fall in September, petrol consumption up

Consumption of diesel, the most consumed fuel in the country accounting for about two-fifths of the demand, fell 5.8 per cent to 2.72 million tonnes between September 1 and 15, compared to the year-ago period.

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