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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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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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.

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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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