Monday, July 31, 2023

RIL, Brookfield sign MoU to produce renewable energy, decarbonisation equipment

The MoU aims to both accelerate and de-risk Australia’s energy transition by enabling it to locally produce clean energy equipment such as PV modules, long duration battery storage and components for wind energy.

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

NTPC arm gets letter of award for 550 MW solar project

"NTPC Renewable Energy Limited (NTPC REL) received the Letter of Award for 550 MW Solar Project at a tariff of Rs 2.56/kWh. The power will be utilised under a Government of India's scheme for flexibility in generation and scheduling of thermal power stations through bundling with RE capacity," it added.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/tK0SN8y

Natural Hydrogen could change the world, if we understood it

In 2011, Montreal-based Hydroma Inc. unplugged a water well near Bourakébougou cemented up in 1987 after the air rising from it caused an explosion. The exhalations turned out to be 98% hydrogen, which was then burned to provide electricity to the village.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/47ydqKH

Sunday, July 30, 2023

Govt to get significant stake in HPCL post preference issue

In June, the government asked IOC and BPCL to launch rights issues (to get the capital), and advised HPCL to make a preferential share allotment to the government.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/7HKWv14

Kerala receives proposals worth Rs 30,000-cr for green hydrogen and green ammonia production, export

Earlier this year, the state released its draft green hydrogen policy and also announced a Rs 200-crore scheme for setting up two green hydrogen hubs

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

EXPLAINER: What is the Forest (Conservation) Amendment Bill, 2023 and why it matters

The amendments have provided the executive the discretion to deal with a fair number of contentious issues which have existed so far, and while the issues of national importance and national security are clearly important and cannot be compromised with, there are some genuine concerns as well.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/Z3DPlqS

Saturday, July 29, 2023

Consulate General of India in Nepal holds week-long LiFE mission event

The Indian Consulate in Birgunj stated in an official release that the aim of the mission launched in global scale is to nudge individual community action to protect and preserve the environment.

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

Friday, July 28, 2023

'Temperature records broken, food insecurity increasing': Plea to G20 to triple renewable energy capacity by 2030

COP 28 or Conference of the Parties of the United Nations Climate Change Conference is scheduled to be held in Expo City, Dubai, from November 30 to December 12, this year. As a group, the G20 represents 85 per cent of the world's GDP and 80 per cent of the world's emissions.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/PFaL36q

Adani tests demand for financings that may top $1 billion

The Indian group is in talks with Barclays, Deutsche Bank and Standard Chartered to borrow between $600 million and $750 million to refinance the debt taken on to finance its purchase of Ambuja Cements, Bloomberg reported Thursday.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/HO8AW1l

Customers be asked to refund rebate on electric 2-wheeler purchases amid subsidy cancellation, says EV makers body

The Centre has sought INR 469 crore from seven electric two-wheeler makers, including Hero Electric and Okinawa for claiming incentives while not complying with the Faster Adoption and Manufacturing of Electric Vehicles (FAME) II scheme norms.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/SOZ9qdi

Indian Energy Exchange net profit up 10 pc to Rs 76 crore in Q1

The company said in a statement that electricity volumes on the exchange grew 6.9 per cent year-on-year (y-o-y) to 23.7 Billion Units (BU) in the June quarter as against 22.2 BU a year ago.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/uhF0LBj

Tesla executives meet Invest India chief, may meet Piyush Goyal

“Tesla executives have met Rai and there are a spate of meetings lined up with other officials over the next few days, including with Goyal,” one of the people cited above said.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/qAgaSj9

Thursday, July 27, 2023

States' dues to power generating companies halved to Rs 61,025 crore: Power minister RK Singh

Various state utilities are approaching REC to sanction the loans. REC has provided loan assistance to various utilities for the procurement of coal.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/6oAeiyf

India achieves 70.10 GW solar energy against target of 100GW by year 2022

"The government had set a target of achieving 100 GW of solar power installed capacity in the country by the year 2022," Union Minister of Power and New & Renewable Energy R K Singh said in a written reply to Lok Sabha on Thursday.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/sYAtd9k

REC looking at rising share of renewables, private sector in business portfolio

The lender expects total financing for renewable energy projects to rise to Rs 3 lakh crore by 2030, Chairman and Managing Director Vivek Kumar Dewangan said at a press conference to announce June quarter financial results.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/S3QfgFo

Relations with India key to Sri Lanka's economic growth: Minister

Addressing reporters on the recent visit of President Ranil Wickremesinghe to India where he met Prime Minister Narendra Modi among other dignitaries, Balasuriya said that there are possibilities of further strengthening the existing relationship between the two neighbouring nations.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/faJ47uX

Nirmala Sitharaman, John Kerry discuss investment platform for greenfield renewable projects

​​ "FM Smt. @nsitharaman and Mr. @JohnKerry U.S. SPEC @ClimateEnvoy exchanged views on joint efforts and commitments by both countries to achieve climate, economic and strategic technology cooperation goals," the finance ministry said in a tweet.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/89SmU3D

Wednesday, July 26, 2023

BPCL net profit jumps to Rs 10,644 cr in Q1

The consolidated net profit of Rs 10,644.30 crore in April-June (first quarter of current 2023-24 fiscal year) compared to a net loss of Rs 6,147.94 crore in the same period last year, according to a company's filing with the stock exchanges.

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

Bengal invites bids for Rs 4,700cr Bandu pumped storage power project

The project site is located in the Ajodhya Hill Area of Purulia district and has an estimated cost of Rs 4,700 crore. The project will be developed on a design-build-finance-operate-transfer (DBFOT) basis, with a project life of 40 years.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/p5QyzuH

GreenH Electrolysis to set up 1-GW electrolyser manufacturing plant in India

The company has already procured a 97,000 square feet facility in Reliance MET Industrial Park, Jhajjar district in Haryana for the first phase of the plant

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/HLvA9oE

India has halved people without access to clean cooking since 2010: IEA

It said India's success story demonstrates how focused national efforts backed by public funding can have an impact, with the country providing 2-4 per cent of its population with clean cooking each year.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/FCl3pGe

NDMC plans new solar policy to shift completely to renewable energy

In addition to the broader arrangement of tying up with the renewable energy sources it is also incumbent upon the council to all possible potential of solar energy generation within its jurisdiction, Chahal said in a statement.

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

Malaysia's reNIKOLA seeks up to $438 mln for renewable energy projects

Boumhidi Adel, reNIKOLA's managing director, said the Kuala Lumpur-headquartered company will be issuing a 390 million ringgit Islamic bond or sukuk in August, which he said will be the first sukuk to be climate bonds certified.

from renewable/wind-energy-meets-1 - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/WRBQgyr

Tuesday, July 25, 2023

NDMC plans new solar policy to shift completely to renewable energy

In addition to the broader arrangement of tying up with the renewable energy sources it is also incumbent upon the council to all possible potential of solar energy generation within its jurisdiction, Chahal said in a statement.

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

Oriana Power IPO to open on Aug 1; fixes price band at Rs 115-118 per share

The company's shares will be listed on SME Emerge platform of the National Stock Exchange. The IPO of Oriana Power will comprise 50.55 lakh equity shares with a face value of Rs 10 each.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/Y3gwFqu

Waaree Renewable Technologies Limited reports increase in revenue by 36% in Q1FY23

The solar developer has an unexecuted order book of 856 MW, scheduled to be carried out over the next 9 to 12 months.

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

India is uniquely positioned to seize regional wind energy supply chain opportunities

Offshore wind in India is also expected to move forward rapidly. Significantly, India is in a unique position to leverage growing export and international service opportunities in the Asia Pacific and European regions.

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

Monday, July 24, 2023

Battery PLI aspirants split on capacity to be offered for bids

Under the present regime, companies need to bid for a setting up at least 5 GW of ACC battery manufacturing capacity. These are new generation advanced storage technologies that can save electric energy either as electrochemical or as chemical energy and convert it back when required.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/GUtZHA8

PM Modi to inaugurate IECC complex at Pragati Maidan on Wednesday

The IECC complex has been developed as India's largest MICE (Meetings, Incentives, Conferences, and Exhibitions) destination. In terms of the covered space available for events, the IECC Complex finds its place among the top exhibition and convention complexes in the world, it said.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/9pjfw12

Sunday, July 23, 2023

Power consumption grows marginally by 1.8 pc to 407.76 bn units in Apr-Jun quarter

The peak power demand rose to 223.23 GW in April-June 2023 from 215.88 GW in the same period in 2022. It was 193.99 GW in April-June 2021. Thus, the peak power demand growth has remained subdued in the first quarter of the current fiscal.

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

OPINION: Digital public infrastructure and energy transition

As they say, nothing can stop you except your imagination. It is equally true for the range of possibilities where energy transition can piggy back on our robust digital public infrastructure

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

India working on mission mode on green hydrogen, aims to make country its global hub: PM Modi

He added for a just, affordable and inclusive clean energy transition, it is important that the Global South is not left behind

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

Friday, July 21, 2023

Reliance Industries net profit drops 11 per cent on weak O2C business

Net profit was Rs 16,011 crore, or Rs 23.66 per share, in April-June - the first quarter of current 2023-24 fiscal year - compared with Rs 17,955 crore, or Rs 26.54 a share, earning a year back, according to a company's stock exchange filing.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/47QemaZ

Power Finance Corporation to lend Rs 2.37 lakh crore to 20 clean energy projects

PFC is looking to fund projects like offshore wind, pumped hydro storage, solar modules and cells, among others in the clean energy space, the company said in a statement issued from Goa at a G20 function.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/h1ol724

ACME Group secures Rs 4,000-cr loan from REC for Oman green hydrogen project

The amount will be used to commence the first phase of the project, to be established at the Special Economic Zone (SEZ) in Duqm, Oman, a company statement said.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/48i5CTP

Thursday, July 20, 2023

G20 Energy Transition Working Group meet: Union govt secretary, Goa CS bat for solar energy

The challenge to provide 'Universal Energy Access' cuts across other global energy transition issues and, hence, there was need to make rapid strides towards providing reliable, sustainable and affordable energy access to all or else progress in others areas would get hampered, he said.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/V4hsvnm

Ola Electric targeting USD 1.5 billion sales this year, pre-subsidy cut document shows

According to the document, which was prepared ahead of investor meetings for Ola's planned IPO worth up to USD 700 million and was reviewed by Reuters, the company is also targeting USD 220 million in operating profit for the year to end-March.

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

Wednesday, July 19, 2023

India should target 100 pc electrification of 2 and 3-wheelers by 2030: Amitabh Kant

"When India urbanises, our urbanisation should be compact. There should be good livability. In India, we must first go for electrifying two and three-wheeler vehicles," the former NITI Aayog CEO said.

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

IOC signs $7-9 bn LNG import deal with UAE's ADNOC Gas

In a statement, ADNOC Gas said the agreement with IOC for the export of up to 1.2 million tonne per annum (mmtpa) of LNG is "valued in the range of USD 7 billion to USD 9 billion over its 14-year term, signifies a major step forward in the partnership between the two industry leaders."

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/H2GOBkn

First Solar to make solar panels in India; no China input: US energy secretary Jennifer Granholm

The US and India will endeavour to develop a first-of-its-kind, multi-billion dollar investment platform aimed at providing catalytic capital and derisking support for such projects, according to the India-US joint statement issued at the summit.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/jhM0Oid

US-based Husk Power Systems to close $100 million equity in debt this year

Brent said the company has been able to attract over $40 million equity in debt and expects that in Q3 of 2023 it will close another $100 million in debt to finance the next stage of our growth.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/Wyjg4fI

Solar Module PLI scheme expected to save Rs 90,000 cr in forex: CareEdge Report

The report highlights the significance of the Production-Linked Incentive (PLI) scheme, which has been allocated Rs. 18,000 crore, in fostering a robust solar module domestic manufacturing ecosystem. This move is expected to lead to a reduction in module prices from 28-30 cents/watt to 21-22 cents/watt, giving a substantial boost to capacity installations.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/vGgTq2P

Solar Module PLI scheme expected to save Rs 90,000 cr in forex: CareEdge Report

The report highlights the significance of the Production-Linked Incentive (PLI) scheme, which has been allocated Rs. 18,000 crore, in fostering a robust solar module domestic manufacturing ecosystem. This move is expected to lead to a reduction in module prices from 28-30 cents/watt to 21-22 cents/watt, giving a substantial boost to capacity installations.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/vGgTq2P

Tuesday, July 18, 2023

India, US notify WTO about mutually resolving all six trade disputes

With this, all the six trade disputes have been resolved. India would also notify removal of additional customs duties on eight American products like apple soon.

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

India explores option of building gas storage: govt official

Last year, India had to ration gas to fertiliser and other sectors after imports under a long-term deal with Russia took a hit due to the Ukraine war.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/91KEm3N

Gautam Adani: Hindenburg report combination of targeted misinformation, discredited allegations

Speaking at the AGM of his group companies, he said that on the eve of Republic Day this year, US-based short-seller Hindenburg Research published a report to short group stocks just as it was planning to launch the largest Follow-on Public Offering in India's history.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/FnlStV2

Financing remains a challenge for electric mobility in India: CII Report

Strategies for promoting Maas should ensure seamless integration and offer multiple options to consumers to create the necessary nudge towards adopting shared mobility, it said.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/zJw13DU

Monday, July 17, 2023

Regulator rejects Adani's application for Noida city gas licence

A firm can retail CNG or piped natural gas in a city only if it is authorised by the regulator or had permission from the central government prior to the regulator coming into existence.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/rhKP0J5

Adani’s go-to bankers at Barclays turn cautious after Hindenburg

Adani’s troubles underscore the delicate balance facing global banks as they support lucrative but potentially risky clients in markets like India. Barclays’ revenue from Asia has more than doubled in the last six years, with India leading the way.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/W572y3N

Maha: Aurangabad Industrial City's admin building to run on solar energy

The seven-storey AURIC Hall houses the administration office of the Shendra and Bidkin node of the Delhi-Mumbai Industrial Corridor (DMIC) here, the official said.

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

Sunday, July 16, 2023

Ola advances plan for IPO as electric scooters take off in India

The company, whose backers include SoftBank Group Corp. and Tiger Global Management, has become leader in India’s electric-scooter market with a 38 per cent share.

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

ONGC revamp: New director to spearhead new energy, petrochemicals business

ONGC aims to draw synergies from the merger of its onshore and offshore divisions in creating a director for production, which is headed by Pankaj Kumar.

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

IITM, Pune signs MoU with Tezpur University to assess net ecosystem exchange of carbon dioxide in Kaziranga

The MoU was signed on Saturday in the virtual presence of Union Minister of Earth Sciences Kiren Rijiju and the department secretary Dr M Ravichandran, an official release said.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/y2iIoOg

India, UAE sign MoU for planning to establish IIT-Delhi campus in Abu Dhabi

The MoU was signed following talks between UAE President Sheikh Mohamed bin Zayed Al Nahyan and Prime Minister Narendra Modi in Abu Dhabi. Modi was in UAE on a day long visit following his France trip.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/iCWF2uK

Reforms improved financial viability of the power sector: VK Singh, REC director-technical

While land and grid availability can be challenging for developing new green energy projects, policies of the government and support from states have been encouraging, he tells Shilpy Sinha.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/rKm72O8

Incentives under SIGHT programme will enhance cost-competitiveness: Industry

Renewable energy accounts for 70 per cent to 80 per cent of the total input cost in green hydrogen production

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

Saturday, July 15, 2023

India's first trans-national power plant of 1,600 MW capacity commissioned by Adani Group

The Godda USCTPP, which marks the Adani Group’s entry into transnational power projects, is India’s first commissioned transnational power project where 100 per cent of the generated power is supplied to another nation.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/BXh5Vew

Friday, July 14, 2023

Power Minister R K Singh directs officials to remove bottlenecks for early completion of ISTS

India's commitment is to achieve the target of 50 per cent of installed electricity generation capacity from non-fossil sources by 2030, and development of associated transmission infrastructure is key to achieving the target.

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

Indian refiners used yuan to pay for some Russian oil imports: official

India became one of the biggest buyers of Russian crude after Western sanctions imposed on Moscow over the Ukraine war dragged down prices, but the South Asian country has been on the lookout for alternatives to the dollar for settling payments.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/qiP7Yae

Shell looks to expand presence in India, build capabilities in niche skills

The company employs more than 11,000 people in India spread across a diverse range of businesses - hardcore technology in the wet and dry lab research centres, as well as gas, power, mobility, and lubricants. It plans to set up more than 10,000 charging points across India by 2030.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/YU0k7eF

Govt may raise up to Rs 22k crore through green bonds in FY24

About half of the green bond proceeds are expected to be deployed in railways in this fiscal, followed by projects in new and renewable energy (32%), housing and urban affairs (15%), environment and climate change (1%) and others.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/yJSR0NT

Thursday, July 13, 2023

Union Power Minister reviews progress of development of inter-state transmission system

During the meeting here, emphasis was laid on completing the projects in a time-bound manner across the country, according to an official statement.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/gEjWwQ5

Tables turning for India’s solar story: Exports see 364 per cent sharp increase in FY23

India’s solar cell and module exports by domestic original equipment manufacturers (OEMs) stood at Rs 8,840 crore in financial year 2022-23 (FY23), which is a whopping 364 per cent increase from Rs 1,819 crore in FY22, according to data shared by ICRA.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/LuV9lJq

Cabinet clears amendment to MMDR Act to allow private entities in lithium mining

Sources aware of developments said that out of the list of critical minerals, a few of them have been brought under the proposed amendment, which will allow their mining by the private entities.

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

Wednesday, July 12, 2023

World Bank, Asian Development Bank and SIDBI to fire up EV finance with a USD 1 billion fund

In addition to the creation of a billion-dollar fund aimed at financing electric vehicles, they are also in active discussions with the US-based investors willing to be part of the payment security mechanism (PSM) for the electric buses, said a top official at NITI Aayog.

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

Adani aims to close planned $4 billion fundraising by end-December: Report

The Adani Group is aiming to close the fundraising before end 2023, said the source, who declined to be named as the discussions are private.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/2U7axX0

IGGL, ONGC signs three agreements to connect ONGC’s Natural Gas fields with North East Gas Grid

Indradhanush Gas Grid Ltd is laying a 1656 km long Natural Gas pipeline connecting the capital cities and the demand centres of all the eight north eastern states.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/JYN9ij3

LOHUM and Altigreen form strategic partnership for sustainable EV battery disposal

LOHUM, registered as an Extended Producer Responsibility (EPR) partner under India's Battery Waste Management Rules (BWMR 2022), will facilitate Altigreen in meeting its recycling targets seamlessly.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/hBYlDw0

Tuesday, July 11, 2023

UP govt approves two thermal power projects worth Rs 18,000 crore in Sonbhadra's Obra

The projects will be executed by the government with a 50:50 partnership with central government-owned power generator NTPC. While 30 per cent equity will be given for the implementation of the projects, the rest 70 per cent of the amount will be arranged from financial institutions, the statement said.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/FhDa8UC

Financial Power Pact for climate action

India's conception of the pact, with its focus on finance, goes beyond ensuring accessible flows to developing countries. It also deals with measures to get the global economy back on track, making digital public infrastructure accessible, easing trade and investment, and reforming multilateral development banks (MDBs).

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

Oil & Gas tops the list of sectors with $2 trillion debt facing high exposure to water risk

The extraction of fossil fuels requires prodigious quantities of water, which is critical for oil drilling, hydraulic fracturing, crude oil and coal processing, coal dust suppression and refinery cooling systems.

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

Historic dip in Chinese solar module prices set to boost India's solar capacity addition

What has caused the latest record drop in the prices of Chinese solar modules and what will be the implications for India in terms of its capacity creation, competitiveness of local manufacturers and solar import bill? ETEnergyworld takes a look.

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

Monday, July 10, 2023

Government of Meghalaya NTPC sign MoU to enhance power supply

The signing ceremony took place at New Delhi in the presence of Chief Minister Conrad K Sangma, Power Minister Abu Taher Mondal, Gurdeep Singh, Chairman and Managing Director of NTPC Limited and Sanjay Goyal, CMD, MeECL.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/X5nkI1x

Sebi differs with SCs expert panel in Adani row

A Supreme Court-appointed expert committee had stated that it saw “no evident pattern of manipulation” in Gautam Adani’s companies .

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

Bids invited to set up green hydrogen production units

The SIGHT programme is a part of India's National Green Hydrogen Mission launched in January, with an outlay of Rs 17,490 crore for green hydrogen capacity as well as electrolysers. Of this, Rs 13,050 crore is for green hydrogen capacities till financial year 2029-30.

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

Odisha approves 11 industrial projects worth Rs 3266-crore investment

The projects are spread across diverse sectors such as metal downstream and ancillary, chemicals, food processing, agro processing, plastics, textiles apparel, IT & ESDM, and renewable energy.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/xS3QBzW

Bids invited to set up green hydrogen production units

The SIGHT programme is a part of India's National Green Hydrogen Mission launched in January, with an outlay of Rs 17,490 crore for green hydrogen capacity as well as electrolysers. Of this, Rs 13,050 crore is for green hydrogen capacities till financial year 2029-30.

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

Sunday, July 9, 2023

Huge opportunity in electric tractors trucks segment: Tube Investments of India

The company, part of the diversified conglomerate Murugappa Group, is currently engaged in the manufacturing of e-tractors at its facility in Apex Park in Chennai and for e-trucks in Manesar in Haryana, Executive Chairman M A M Arunachalam said.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/Dd9K1zY

Russia oil discount to India shrinks to $4 delivery charges remain opaque

The USD 11-19 per barrel shipping costs from the Russian ports to India - some of it on the 100+ tankers reportedly acquired by Russian actors for a shadow fleet - are higher than rates for comparable distances, such as a voyage from the Persian Gulf to Rotterdam.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/Wi2L6oO

Adani raises $1.4 billion from stake sale in 3 companies; $9 billion raised in 4 years

In a statement, the ports-to-energy conglomerate said it "is committed to raising capital to fulfill its 10-year roadmap of the transformative capital management program, which was formulated in 2016 to execute the plans for various portfolio companies."

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

World Energy Independence Day - Why it matters for India

As we commemorate World Energy Independence Day, taking note of India's remarkable progress in clean energy transition is paramount.

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

Friday, July 7, 2023

Govt invites bids for 1500-MW electrolyser manufacturing capacities under green hydrogen mission

The SIGHT scheme is a part of India’s National Green Hydrogen Mission launched in January. The Solar Energy Corporation of India, under the Ministry of New and Renewable Energy, is the implementing agency for the scheme.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/qft3MjC

Vedanta Group rejigs semiconductor biz brings it under Twin Star

"The acquisition will be effected by way of a share transfer at face value of Twin Star Technologies Limited's (TSTL) Semiconductor and Display SPVs. TSTL is a wholly owned subsidiary of Volcan Investments Limited, the ultimate holding company of Vedanta Limited," Vedanta said in a statement.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/2LXOUkm

Indian Oil Corp to raise $2.7 billion through share sale

IOC, the country's top refiner, has not specified which projects the newly raised funds would target. It said it would give further details on the rights issue, including the price and timing, after a board approval.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/rpMd5Bn

We need to start talking about methanol for Indias energy transition journey: Mohit Bhargava CEO NTPC REL

“We need to start talking about methanol rather than only ethanol for India’s long term journey towards energy transition because it is circular,” he said while speaking in a panel discussion at The ETEnergy Leadership Summit 2023 held from 19-20 June here.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/wb1qvf7

We need to start talking about methanol for Indias energy transition journey: Mohit Bhargava CEO NTPC REL

“We need to start talking about methanol rather than only ethanol for India’s long term journey towards energy transition because it is circular,” he said while speaking in a panel discussion at The ETEnergy Leadership Summit 2023 held from 19-20 June here.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/wb1qvf7

Thursday, July 6, 2023

JSW Steel aims to double capacity to 50 MT in 3 yrs; renewables to power all plants: Sajjan Jindal

"Today, at JSW Steel we are at 28 million tonnes capacity and next year we will be 37 million tonnes capacity and (in) three years' time we will be 50 million tonnes capacity," he said.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/rlL8Fho

Adani Green to raise Rs 12300 cr to fund expansion

Adani Green Energy Ltd in a stock exchange filing said its board has approved raising up to Rs 12,300 crore through an issue of equity shares by way of qualified institutional placement (QIP).

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

RIL Adani Total Gas planning plants for compressed biogas

These plants will be of upto 30 tonnes per annum capacity. Five plants will be set in the next five years. The rest would come up later. The companies would invest up to Rs 2500 crore each in setting up these plants.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/NfMpHc8

Shadow over solar energy in city

Tangedco has all the details about installing rooftop solar power systems on its website, including the subsidy part. TEDA has a list of empanelled vendors whom consumers can approach. But what is on paper does not always transpire into reality.

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

Punjab utility bids for GVK Power plant

Ravi Sethia, the RP backed by KPMG, did not respond to ET's request for comments. He has admitted ₹6,584 crore in claims from 12 financial creditors.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/HFI7tk9

Wednesday, July 5, 2023

Fundraise by BPCL and Indian Oil to aid capex emissions cut: Fitch

IOCL board will meet on 7 July to consider raising of capital through a rights issue to fund its capital expenditure plan, the company said in a regulatory filing.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/AqT0SFO

Adani promoters may pare more stake in group companies

The promoters have so far sold stakes to US-based GQG Partners and are in discussions with other global investors to potentially divest more, they said.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/ZEj2svk

Government will partner with industry in developing cutting-edge technology for green hydrogen ecosystem: Centre

As part of its quest towards energy transition, the government has brought together stakeholders from India and across the world, in order to explore how we can establish a Green Hydrogen ecosystem and foster a systemic approach for meeting the global goals for decarbonization through Green Hydrogen.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/roEsYi9

Our green hydrogen will be cheapest in the world: R K Singh renewable energy minister

Speaking of greening the heavy industries, Singh added that India will have pilots for green steel as well

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/z7o8OYH

India's first Green Hydrogen fuelling station to start within 3 months

The project will produce 80 Kg per day of 99.97 per cent pure hydrogen that will be compressed, stored and dispensed

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/0eCWFgT

India's Genus Power partners with GIC affiliate for funding smart metering projects

Additionally, GIC will also invest 5.19 billion rupees ($63.29 million) via its Chiswick Investment Pte in Genus Power through warrants, representing 15% in the Indian company.

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

China takes the trade fight to Europe targeting the green transition

The same dynamic is also playing out with the EU’s policy on China, with certain nations unwilling to put their trade relationship with the world’s second-largest economy at risk.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/Ejeqm6P

Tuesday, July 4, 2023

India has contributed only 4 per cent to global GHG emissions since 1850: V K Saraswat

Speaking at the 11th Subir Raha Memorial Lecture here, Saraswat said while renewables will contribute to 25 per cent of carbon emissions abatement, the crucial role of Carbon Capture and Storage (CCS) and Carbon Capture and Utilization (CCU) cannot be understated, accounting for 6 per cent.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/WVBfcn0

ONGC Videsh awaiting clarity on equity structure over Kenyan oil field bid says executive

Other Indian companies that are likely to partner with OVL for the stake buy are also evaluating a stake purchase, said the executive, who was not authorised to speak to the media.

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

NextEnergy Capital raises initial $480 million for fifth solar fund

The first close of its NextPower V ESG strategy included $330 million in direct commitments to the fund and $150 million from investors planning to co-invest alongside it. Investors included Norwegian pension fund KLP, it said in a statement.

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

Nations haggle over targets to cut shippings huge emissions

Shipping’s climate impact rarely gets the same attention as planes or cars. But it’s still a major polluter, responsible for almost 3 per cent of manmade CO2 emissions. Seaborne trade is expected to get even bigger between now and 2050, making the industry’s energy transition — or lack of — all the more important.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/9T6DC2j

Monday, July 3, 2023

Indian crude imports from Russia dip in June

India imported 1.8 million barrels per day (mbd) of Russian crude in June. China imported 1.6 mbd of seaborne Russian crude in June, 12 per cent more than in May, and Europe took 0.42 mbd, 28 per cent more than in the previous month.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/fcuQDl9

India refiners start yuan payments for Russian oil imports: sources

Western punishments over Russia's invasion of Ukraine have shifted global trade flows for its top export, with India emerging as the largest buyer of seaborne Russian oil even as it casts about for how to pay for it amid shifting sanctions.

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

COP28 host UAE pledges to triple renewables

The UAE, one of the world's biggest exporters of emissions-producing crude oil, also unveiled national strategies on hydrogen and electric cars.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/It0EbA6

PTC India likely to clock 20 pc growth in power trading in FY24: CMD Mishra

PTC India's trading activities include long-term trading of power generated from large power projects and short-term trading arising from supply and demand mismatches, which inevitably occur in various regions of the country.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/QZjuct4

NSE explores carbon credit market introducing electricity derivatives

The world's largest derivatives stock exchange also plans to introduce derivative contracts based on the indices of the corporate bond index and government bond index, subject to clearance from regulators.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/ImM5tD2

Sunday, July 2, 2023

Indian Oil to convert 50 per cent of its refineries' hydrogen use to green by 2050 says Dir - R&D SSV Ramakumar

He also said that the country's first green hydrogen plant operating on a commercial scale will be at their Panipat refinery, which will have 7,000 mtpa capacity

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

COP28 will promote climate justice worldwide: Jusoor International President

Speaking at the 53rd Regular Session of the UNHRC, he expressed his confidence that the 28th Conference of the Parties (COP28) to the UN Framework Convention on Climate Change (UNFCCC), which the UAE will host next November in Expo City Dubai, will act as a leading platform to promote climate justice worldwide.

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

NTPC says coal production doubled in first quarter of current financial year

The company said in a statement it has achieved an impressive coal production of 8.48 million tonnes (MT) during Q1 FY24, as compared to 4.27 MMT in Q1 FY23.

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

Indian Oil to convert 50 per cent of its refineries' hydrogen use to green by 2050 says Dir - R&D SSV Ramakumar

He also said that the country's first green hydrogen plant operating on a commercial scale will be at their Panipat refinery, which will have 7,000 mtpa capacity

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

Saturday, July 1, 2023

Loan sanctions by IREDA grew 36 per cent to Rs 32586 crore in 2022-23

The PSU, that operates under the aegis of the Ministry of New & Renewable Energy (MNRE), held its 36th Annual General Meeting (AGM) here on 30 June. The annual accounts for 2022-23 were adopted at the AGM.

from renewable - Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/eMd6NVP

Centre mulls floating LNG storages at major ports

These plans align with India's objective to decarbonize its ports and promote environmentally-friendly practices

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