Friday, September 29, 2023

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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Thursday, September 28, 2023

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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Wednesday, September 27, 2023

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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Tuesday, September 26, 2023

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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Monday, September 25, 2023

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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Sunday, September 24, 2023

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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Saturday, September 23, 2023

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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Friday, September 22, 2023

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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Thursday, September 21, 2023

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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Wednesday, September 20, 2023

'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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Tuesday, September 19, 2023

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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Monday, September 18, 2023

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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Sunday, September 17, 2023

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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We will come out with 15-20 GW renewable energy tenders every year for next five years: R P Gupta, CMD, SECI

These tenders include plain solar, plain wind, hybrid, RTC, on-demand profile, he added

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Saturday, September 16, 2023

REC sanctions Rs 3,081 cr for Serentica Renewables' 560 MW Solar-Wind Hybrid Project

This move aligns with India's COP26 commitments and recent G20 pledges to accelerate the transition to renewable energy. REC Limited aims to achieve a green finance loan book of Rs. 3 lakh crore by the fiscal year 2030.

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REC sanctions Rs 6,075 cr for Greenko's 1440 MW pumped storage project

The non-banking financial company and infrastructure finance company (NBFC-IFC) is also in advanced discussions with Greenko for funding multiple clean energy projects.

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Friday, September 15, 2023

World Ozone Day: Can solar geo-engineering fight climate change?

A dichotomy makes solar geoengineering a topical discussion for this Ozone Day, whose theme is ‘Fixing the Ozone Layer and Reducing Climate Change’.

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Govt hikes windfall tax on crude to Rs 10,000 per tonne, slashes duty on diesel, ATF

The increase will come into effect from September 16. The special additional excise duty (SAED) on aviation turbine fuel (ATF) has been reduced to ₹3.50/litre from ₹4, with effect from September 16.

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The tricky path to tripling renewable energy capacity

G20 leaders pledged to triple global renewable energy capacity by 2030, in a bid to accelerate the clean energy transition and fight climate change.

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India, Mongolia review oil refinery project

Kumar held discussions with Mongolian state secretary in the foreign ministry N Ankhbayar and called on minister of education and science L Enkh-Amgalan and minister and chief cabinet secretary D Amarbayasgalan.

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Thursday, September 14, 2023

The tricky path to tripling renewable energy capacity

G20 leaders pledged to triple global renewable energy capacity by 2030, in a bid to accelerate the clean energy transition and fight climate change.

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EXPLAINER: Why does Norway want to mine the seabed?

The government says deep sea mining could help Europe reduce its dependence on China for the supply of critical minerals needed to build electric vehicle batteries, wind turbines and solar panels.

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Reports show new Indonesian industrial park on Borneo, feted as 'green,'' will be powered by coal

The project championed by President Jokowi Widodo reflects Indonesia's struggle to balance profiting from its rich natural resources and meeting its environmental goals.

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Adani forms JV for marketing of green hydrogen in Japanese market

The JV will concentrate on marketing of products in Japan, Taiwan and Hawaii. It is a natural and strategic extension of Adani Group’s long-standing marketing and trading relationship with Kowa, the company said in a statement.

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Cleantech Solar announces commercial operation of its maiden virtual PPA

The lifetime green energy generation from this project is about 187 GW, which is akin to offsetting over 171 kilotonnes of carbon emissions

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Wednesday, September 13, 2023

Adani forms JV for marketing of green hydrogen in Japanese market

The JV will concentrate on marketing of products in Japan, Taiwan and Hawaii. It is a natural and strategic extension of Adani Group’s long-standing marketing and trading relationship with Kowa, the company said in a statement.

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Adani Enterprises arm to produce 5.2 MW series wind turbine generators

Adani Wind is the wind energy solutions division of Adani New Industries Limited (ANIL), a wholly-owned subsidiary of Adani Enterprises Ltd.

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India slashes solar imports from China as domestic manufacturing thrives

This strategic shift, coupled with the imposition of tariffs, underscores India's determination to minimise dependency on imports and prioritise the development of its domestic manufacturing capacity.

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Tesla looking to source $1.7-1.9 bln worth of auto parts from India this year: Piyush Goyal

Goyal added going forward there will be a natural shift to electrification in the automobile industry driven by an economic story. “Electric, as it grows worldwide, we will see footprints in India also,” Goyal said.

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BP chief Bernard Looney resigns 'with immediate effect'

"Bernard Looney has notified the company that he has resigned as chief executive officer with immediate effect," the company said in a statement, adding that finance chief Murray Auchincloss would act as interim CEO.

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Global Biofuel Alliance aims at transforming farmers as 'Annadata' into 'Urjadata': Puri

A total of 19 countries and 12 international organizations have so far agreed to join the alliance, including both G20 members and non-member countries. India, Brazil and the US are the founding members of the alliance.

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Tuesday, September 12, 2023

Ethanol blending is a trillion Dollar investment opportunity: Hardeep Singh Puri

Minister Puri sheds light on India's biofuel success, dispels concerns about food security, and shares insights into how India is diversifying its oil supply sources amidst global challenges.

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MNRE disposes of 650 public grievances during Nov 2022-Aug 2023 period

A special campaign for reducing pending grievances was conducted during the period by the ministry and its undertakings, including Indian Renewable Energy Development Agency Ltd (IREDA) and Solar Energy Corporation of India Ltd, according to a statement.

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Meghalaya Cabinet scraps 2 hydro power projects

Sangma said the two hydro power projects are Kynshi Stage I and Upper Khri Stage I & II.

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Malaysia's Appeals Court upholds Najib's acquittal in one of his 1MDB trial

"The acquittal is upheld without any further process," Shafee said, adding that prosecutors are unlikely to appeal to the top court.

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Monday, September 11, 2023

NTPC Green Energy, Nayara Energy ink pact to explore opportunities in green hydrogen space

"NGEL and Nayara Energy have entered into an MoU today to explore opportunities in the green hydrogen and green energy space," it said.

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G20 Puts Spotlight on Small Modular Reactors: India's Next Game-Changer in Clean Energy?

Small Modular Reactors (SMRs), mentioned in the G20 declaration, are compact versions of traditional nuclear reactors. Unlike their larger counterparts, they can produce up to 300 MW of power and are quicker to build because they're pre-made and assembled on-site.

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G20 climate deal: Experts laud India's balancing act in the face of fossil fuel debate

According to a key technical report on the first-ever Global Stocktake published on Friday, scaling up renewable energy and phasing out unabated fossil fuels are indispensable elements of just energy transitions to net-zero emissions.

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Sunday, September 10, 2023

India, Saudi Arabia likely to sign energy cooperation pact on Monday: Report

The development comes at a time when India is looking to also become a net exporter of new and renewable energy through a gradual reduction of its own dependency on fossil fuels.

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Next 4-5 years key for India to fill supply chain gaps: Ajay Banga, President, World Bank

Banga, who was in Delhi for the G20 summit, spoke about the changing vision of the World Bank, climate finance, the Delhi Declaration consensus and India's trajectory.

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Finance minister, World Bank to work closely to create market structure from CSR demand side for maximising social impact

"During the meeting, Mr. Banga agreed to work closely with the Department of Economic Affairs, Ministry of Finance @FinMinIndia to create a market structure from the Corporate Social Responsibility #CSR demand side for maximising social impact," the ministry said in a post on X.

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TPG, Tepco, Brookfield in talks for JSW Neo stake

JSW Neo Energy will house the parent's upcoming renewable projects for generation, storage and production of green hydrogen.

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Biofuel alliance can generate opportunities worth $500 bn in next 3 yrs: Indian Biogas Association

According to a study by the IBA, the biofuel alliance can generate opportunities worth USD 500 billion in the next three years for G20 countries.

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Several G20 leaders hail PM Modi's initiatives to combat climate change

French Economy and Finance Minister Bruno Le Maire said "we have to find finance and solidarity for developing countries to fight climate change".

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You might be burning hydrogen in your piped cooking gas supply soon: D Lakshmanan, senior manager, NTPC

He said that green hydrogen blending will become a viable solution in future in India

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Saturday, September 9, 2023

G20 agrees to pursue tripling renewable energy capacity but stop short of major goals

The world's 20 major economies have had disagreements on commitments to reduce fossil fuel use, cut green house gas emissions and increase renewable energy targets.

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G20 summit: Five key takeaways

The G20 summit in New Delhi managed to defy expectations and reach consensus on a joint declaration by world leaders, but not without compromises over the Ukraine conflict and action on climate change.

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Friday, September 8, 2023

India, US agree to settle pending poultry trade dispute at WTO

"These tariff cuts will expand economic opportunities for US agricultural producers in a critical markand help bring more US products to customers in India," the USTR office said.

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NTPC Green Energy, V O Chidambaranar Port Authority to develop green hydrogen hub in Tamil Nadu

Both entities signed a Memorandum of Understanding (MoU) in this regard on Friday, NTPC said in a statement.

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Adani Enterprises, Kowa form JV in Singapore to sell green hydrogen, ammonia

Adani New Industries Ltd (ANIL), a subsidiary of Adani Enterprises, plans to manufacture green hydrogen and its downstream products such as ammonia, urea, methanol, and ethanol at its Khavda and Mundra SEZ facilities in Gujarat.

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SJVN inks PPA with BBMB to set up 18 MW solar project

The project is scheduled to be commissioned by August 2024, he said, adding commissioning of the project is expected to reduce 44,923 tons of carbon emission annually.

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NSE to launch options on WTI Crude oil, natural gas futures

The addition of options on futures contracts will further boost NSE's product offering in the overall commodity segment. These contracts are designed to provide the market participants with a more efficient way to manage their commodity risk, the exchange said in a release.

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G20 Summit 2023: Expectations of India’s renewable energy industry

For India’s renewable energy industry, increased technological collaboration among G20 nations, global cooperation in the development of clean technology are key

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UAE's COP28: Business & philanthropy forum to drive global climate progress

The forum, a first-of-its-kind CEO-level gathering, aims to rally global business leaders and philanthropists behind the COP28 Presidential Action Agenda, with a particular focus on advancing climate action and sustainability goals in the Global South.

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G20 Summit: Expectations of India’s renewable energy industry

For India’s renewable energy industry, increased technological collaboration among G20 nations, global cooperation in the development of clean technology are key

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Thursday, September 7, 2023

India, ASEAN agree to deepen comprehensive strategic partnership with concrete actions

The Association of Southeast Asian Nations (ASEAN) is considered one of the most influential groupings in the region, and India and several other countries including the US, China, Japan and Australia are its dialogue partners.

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AVAADA Group, Tata Steel Special Economic Zone to set up green hydrogen, ammonia unit in Odisha

The project is expected to generate around 1,600 direct and 4,000 indirect employment opportunities and aims to curtail nearly 2 million tonne of Co2 emissions annually.

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PM Modi to lay foundation stone for Rs 50,000 cr expansion project of BPCL refinery in MP's Sagar

Prime Minister Narendra Modi will lay the foundation stone of Bina Refinery's expansion project entailing Rs 50,000 crore investment as well as that of new units at Hadkal village, some 70 kilometres from the district headquarters, he said.

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ET Sustainability Forum: Tech to play key role in helping companies and countries cut carbon footprint, say top execs

Today’s technological advancements in data capturing and data management using internet of things (IoT) are helping companies monitor all the operations in real time to track performance and improve energy efficiency, said Dr Pradeep Panigrahi, Head, Corporate Sustainability, Larsen & Toubro. [Brand Connect Initiative]

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G-20 aims to triple renewables and gives caveat to fossil fuels

Members will make a commitment to "pursue and encourage" efforts to methe target to increase clean energy generation, according to people familiar with the negotiations.

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Wednesday, September 6, 2023

REC raises $1.15 billion through syndicated term loan in August

The loans have been tied up for a 5-year tenor and are benchmarked to Overnight SOFR (Secured Overnight Financing Rate), which is the benchmark rate for the loans denominated in USD.

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Extend production linked incentive scheme for wind energy component makers, says expert

Kansal further stated that the PLI scheme will also help in job creation and give a boost to initiatives like Atmanirbhar Bharat and Make in India.

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Crude oil prices at 10-month high as Russia, Saudi Arabia extend supply cuts

Brent crude futures rose by 17 cents, or 0.2 per cent, to $90.21 a barrel at 00:08 GMT, closing above the $90 mark for the first time since November 16, 2022.

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Tuesday, September 5, 2023

What is green hydrogen and why is it touted as a clean fuel?

Hydrogen has been produced and used at scale for over a century, primarily to make fertilizers and plastics and to refine oil. It has mostly been produced using fossil fuels, especially natural gas.

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Russia's oil price to India in July lowest since Ukraine war began

Refiners in India largely buy Russian oil on a delivered basis with sellers arranging for shipping and insurance.

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Tata Power Renewable Energy to set up 12 MW on-site solar project for Tata Motors in Maharashtra

"Tata Motors and Tata Power Renewable Energy Limited (TPREL) have entered into a PPA to develop a new 12MWp on-site solar project at Tata Motors' commercial vehicle manufacturing facility in Pune," the statement said.

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Monday, September 4, 2023

Tata Power Renewable Energy to set up 26 MW captive solar project for Neosym Industry in Maharashtra

The project is anticipated to generate 59 million units of electricity annually. It is expected to start from March 2024 and reduce 32,500 tonnes of CO2 emissions annually.

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Power Finance Corp inks pact to provide Rs 1,229 cr term loan to Assam Petrochemicals

The 500 TPD Methanol Plant, including 11 MW CPP, was inaugurated by the Prime Minister on April 14, 2023, on completion.

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Sunday, September 3, 2023

COP28 provides fresh opportunity to further unite global efforts to reduce carbon emissions: Egyptian Minister

He said the UAE's hosting of COP28 was a successful selection, given the significant efforts and preparations that have been made so far and the extent of the keenness to present an exceptional summit that builds strongly on what was presented by the COP27.

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What explains the steepest dip in solar installation costs in India?

In India's case, a more steep reduction in solar LCOE happened in the 2010-2016 phase as against the 2016-2022 phase, according to a recent report by IRENA

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Need to alter approach on climate action from restrictive to constructive: PM Modi

The prime minister said India has left no stone unturned in meeting its climate goals despite accounting for less than five per cent of the cumulative emissions.

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Solar installations see 3.2 per cent growth at 872 MW in January-June: Mercom

India's cumulative rooftop solar capacity reached 9.6 gigawatts (GW) at the end June 2023, the 'Mercom India Rooftop Solar Market Report' said.

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What explains the steepest dip in solar installation costs in India?

In India's case, a more steep reduction in solar LCOE happened in the 2010-2016 phase as against the 2016-2022 phase, according to a recent report by IRENA

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Friday, September 1, 2023

Government cuts windfall tax on domestic crude, hikes levy on export of diesel, ATF

The government on Friday cut special additional excise duty (SAED) on crude petroleum to Rs 6,700 per tonne with effect from September 2. In the last fortnightly review on August 14, windfall tax on domestically produced crude oil was set at Rs 7,100 per tonne.

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Shakti Pumps gets Rs 350-crore work order under PM-KUSUM scheme

The scheme consists of three components - Component A is for installation of 10,000 MW of solar capacity by installing small power plants of capacity up to 2 MW and Component B to install 20 lakh standalone solar-powered agriculture pumps.

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NTPC, Oil India sign MoU for renewable energy and green initiatives

The MoU will also facilitate knowledge and experience sharing on the upcoming Decarbonisation technologies like Carbon Sequestration

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G20's contradictory stance on fossil fuel subsidies and the need for renewable energy investment

Despite global advocacy for renewable energy, G20 nations' increased investments in fossil fuels present a paradox. The G20's upcoming meeting in Delhi, against the backdrop of these findings, is set to be a focal point for global climate discussions.

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