Thursday, November 30, 2023

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

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

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

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

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Wednesday, November 29, 2023

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

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

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India’s next agriculture revolution can happen under solar panels

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

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

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

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Tuesday, November 28, 2023

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

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

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

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

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

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

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

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

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Monday, November 27, 2023

Oil regulator adds Mizoram to 12th city gas bid round

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

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

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

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

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

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

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

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Sunday, November 26, 2023

Nepal to provide solar energy solutions to Jajarkot earthquake victims

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

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

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

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Friday, November 24, 2023

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

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

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Thursday, November 23, 2023

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

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

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

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

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Wednesday, November 22, 2023

Power Grid Corp board approves investment worth Rs 367 cr

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

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

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

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Tuesday, November 21, 2023

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

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

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

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

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

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

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Monday, November 20, 2023

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

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

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

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

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

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

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

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

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Sunday, November 19, 2023

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

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

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

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

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Friday, November 17, 2023

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

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

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Thursday, November 16, 2023

India tightens climate goals with new carbon credit trading compliance draft

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

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

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

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Wednesday, November 15, 2023

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

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

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

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

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

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

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

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

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Tuesday, November 14, 2023

Adani Energy Solutions plans to raise USD 360 million via bonds

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

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Monday, November 13, 2023

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

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

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

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

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Sunday, November 12, 2023

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

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

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COP28 president-designate praises India for its energy transition vision

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

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

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

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Friday, November 10, 2023

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

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

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

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

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

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

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Thursday, November 9, 2023

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

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

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Crisil upgrades ratings on Inox Wind with stable outlook

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

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

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

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

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

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Wednesday, November 8, 2023

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

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

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Gautam Adani meets Vietnamese tycoon

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

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Oil India's Q2 profit hurt by litigation charge

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

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

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

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Tuesday, November 7, 2023

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

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

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Avaada Energy bags 1,400 MW solar project

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

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Investcorp forecasts climate investments to eclipse digital boom

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

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

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

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Monday, November 6, 2023

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

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

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

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

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Sunday, November 5, 2023

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

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

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

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

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

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

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

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

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Friday, November 3, 2023

IndiGrid Q2 net profit falls 69 pc to Rs 39 crore

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

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

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

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Uttarakhand govt approves 5 solar power plants to promote green energy

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

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

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

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Thursday, November 2, 2023

Suzlon Energy Q2 profit up 81 pc to Rs 102 cr

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

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

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

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

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

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Wednesday, November 1, 2023

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

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

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

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

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

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

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