NPCIL invites proposals to set up small nuclear reactors

Bharat Small Reactors are 220 MW Pressurised Heavy Water Reactors (PHWR) with an impeccable safety and excellent performance record, which are compact and tailored for captive use, according to a statement from the Nuclear Power Corporation of India Limited (NPCIL).

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IFC, ADB, DEC get CCI's clearance to acquire stake in Fourth Partner Energy

CCI has approved the acquisition of certain shareholding in Fourth Partner Energy by IFC, ADB, and DEG to support its expansion in renewable energy. Additionally, CCI cleared Mars Inc's $35.9 billion acquisition of Kellanova, a leader in global snacking and frozen foods, to enhance its product offerings.

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Oil rises on expanding Chinese factory activity, but set to end year lower

Brent crude futures rose 47 cents, or 0.7%, to $74.46 a barrel as of 0130 GMT. U.S. West Texas Intermediate crude gained 49 cents, also 0.7%, to $71.48 a barrel. For the year, Brent declined 3.2%, while WTI was down 0.6%.

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Venture Capital investments in India surge to $16.8 bn in January-November: Report

Venture capital (VC) activity in India has witnessed significant growth from January to November 2024, with investments reaching $16.77 billion across 888 deals, according to the India Brand Equity Foundation (IBEF).

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CCI starts study on renewable energy space across BRICS nations

The study is being conducted under the BRICS framework by India, Competition Commission of India (CCI) Chairperson Ravneet Kaur said.

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Trichy’s first solar power plant inaugurated

The local body can save Rs 9 crore from its annual electricity bill by feeding the electricity generated from the plant to Tangedco's grid.

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India extends mandate for imported coal-based power plants to run at full capacity

In October, the government had invoked an emergency clause to direct companies including Tata Power, Adani Power and Vedanta, to operate their imported coal fired plants till Oct. 15 and had further extended the mandate till Dec. 31.

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Year-ender 2024: India’s renewable energy hits 205 GW; What’s driving the surge?

From vast solar parks sprawling across deserts to wind farms dotting the coasts and the gradual adoption of green hydrogen, India’s renewable energy landscape has undergone transformative growth in 2024. Surpassing 200 GW of installed capacity, the country has cemented its position as a major player in the global transition to clean energy.

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Gensol Engineering gets Rs 897-cr solar project from NTPC REL

Gensol Engineering secures an Rs 897-crore contract from NTPC Renewable Energy Limited to develop 225 MW grid-connected solar projects in the Rann of Kutch, Gujarat. The project will be executed on EPC mode and includes three years of operations and maintenance.

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Oil prices set for weekly gain on China stimulus optimism

Brent crude futures fell 1 cent to $73.25 a barrel by 0145 GMT. U.S. West Texas Intermediate crude was at $69.60, down 2 cents, from Thursday's close. However, on a weekly basis, Brent was up 0.4% while WTI rose 0.2%.

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JSW in talks with China's Geely for electric car joint venture

JSW Group is engaging in discussions with multiple auto manufacturers, including Chinese company Geely, for electric vehicle joint ventures in India. Their aim is to expand across various EV segments, including passenger and commercial vehicles, while exploring partnerships beyond their existing collaboration with SAIC's MG.

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REC forms arm for renewable power evacuation in Madhya Pradesh

Rajgarh III Power Transmission Limited has been incorporated as a wholly-owned subsidiary of its wholly-owned arm REC Power Development and Consultancy Limited (RECPDCL) on Wednesday, REC said in an exchange filing.

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Despite rising domestic demand, India's solar modules export will go up by 2030: Report

India's solar module manufacturing sector is set for major changes. Domestic demand will drive growth, creating opportunities for exports from 2025. Import dependency for solar modules is expected to fall significantly by 2030. However, the industry will still rely on imports for certain critical components. India's growing production capacity will contribute to the clean energy transition.

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India's environmental leadership can drive regional climate action: Atul Bagai

Bagai received the National Order of Merit from Bhutan's King Jigme Khesar Namgyel Wangchuck on December 17 for his instrumental contributions to the Himalayan country's environmental governance, particularly its successful compliance with the Montreal Protocol.

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Punjab to boost clean energy with 66 new solar power plants by 2025

With an aim to make Punjab a leading state in clean energy production and reduce reliance on fossil fuels, Punjab govt will set up 66 solar power plants, each with a 4 MW capacity, said new and renewable energy sources minister Aman Arora.

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NTPC signs MoU for green hydrogen mobility in Odisha

NTPC has signed a tripartite Memorandum of Understanding (MoU) with GRIDCO, a Government of Odisha undertaking, and Capital Region Urban Transport (CRUT), the state’s public transit agency, to promote green hydrogen mobility in Bhubaneswar

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India, Sweden can forge stronger partnership in climate solutions: Swedish officials

Officials of the Embassy of Sweden and Business Sweden, during an interaction with PTI, emphasised the shared potential for innovation and large-scale implementation of sustainable practices.

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Coal's share in India's power generation capacity drops below 50% for 1st time since 1960s

The latest POWERup quarterly report from the Institute for Energy Economics and Financial Analysis (IEEFA) showed that renewable energy accounted for 71.5 percent of the record 13,669 megawatts (MW) power generation capacity added by India in the first quarter (January-March) of this year.

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Waaree Renewables Technologies board okays NSE listing

Waaree Renewable Technologies on Thursday said its board has approved listing of its equity shares at the National Stock Exchange (NSE).

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IMFA partners with JSW Green Energy for renewable power in smelting operations

In a statement, the company said IMFA signed a binding term-sheet with JSW Green Energy One Ltd and JSW Green Energy Seven Ltd, and will invest Rs 83.26 crore in a hybrid project that combines 50 megawatt (MW) AC solar and 100 MW of wind for a total contracted capacity of 70 MW.

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Renewable energy projects facing up to 12-month delay in signing of PPAs

India’s renewable energy sector is grappling with sizable delays in signing of power purchase agreements (PPAs) with 80-90 GW projects under pipeline and about 40-45 GW facing delays, according to industry experts.

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Jindal Saw to acquire 31.20 pc stake in ReNew Green Energy for undisclosed amount

Jindal Saw signed an agreement with ReNew Green Energy Solutions. Jindal Saw will acquire part of ReNew Green MHH One. The deal involves a 31.20% equity stake. Jindal Saw aims to secure cheaper electricity. The acquisition should be finalized by May 31, 2025. This strategic move benefits Jindal Saw's operations.

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Hydrogen demand to hit 20 million tonnes by 2030, needs ₹8-10 trillion investment: Report

This includes ₹1.6 trillion for electrolyser capacity, ₹4.2 trillion for green molecule production facilities, and ₹4.5 trillion for renewable energy infrastructure.

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'Seaweed to fuel': HPCL, Sea6 Energy sign MoU for sustainable innovation

The collaboration will leverage the expertise of both companies to create scalable and efficient downstream processes for biofuel production.

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Natural gas consumption rises 12%, LNG imports jump 18% in H1 FY25

The marginal rise was attributed to an 8.6% production increase in PSC/JV fields and a 3.9% boost in Oil India Limited’s (OIL) nomination fields. However, production from ONGC nomination fields witnessed a decline of 3.5%.

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No immediate plans for green arm listing: ONGC

The statement comes amid increasing speculation about an initial public offering (IPO) for the green energy arm, as investor interest in renewable assets surges.

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No immediate plans for green arm listing: ONGC

The statement comes amid increasing speculation about an initial public offering (IPO) for the green energy arm, as investor interest in renewable assets surges.

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Adani Green Energy arm incorporates subsidiary for RE business

Adani Green Energy Sixty Nine Ltd (AGE69L) has been incorporated on Friday by its wholly-owned subsidiary Adani Renewable Energy Holding Nine at Ahmedabad, Adani Green Energy Limited (AGEL) said in an exchange filing.

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India observes National Energy Conservation day with industry push for sustainability

The focus was on renewable energy, energy efficiency, and circular economy solutions to drive impactful change.

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Banks should adopt renewable energy financing obligation: MNRE Secretary

Speaking at the Global Economic Policy Forum organized by the Confederation of Indian Industry, Singh highlighted that Rs 30 lakh crore investment is required in the renewable energy sector.

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Adani Green Energy's arm commissions 250 MW solar project

With the commissioning of this plant, AGEL's total operational renewable generation capacity has increased to 11,434 MW, a BSE filing said.

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Odisha govt approves 7 renewable energy projects worth Rs 1,386 cr

The approved projects include a 99 MW wind power project, five ground-based solar projects of 91.77 MW and one rooftop solar project of 1.64 MW, it said.

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ReNew Energy offered to be taken private in $2.82 bln deal

​Major shareholders Canada Pension Plan Investment Board, UAE-based Masdar, chairman Sumant Sinha and a unit of the Abu Dhabi Investment Authority with collective voting rights of 64% have formed a consortium, and offered to buy shares in India's second largest clean energy generator at $7.07 each.

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ET Oil & Gas Expo 2024: Investments, biogas potential, and policy changes key to CGD growth

These insights were shared during the Economic Times Oil & Gas Annual Conference & Expo 2024, at a panel discussion on Future of City Gas Distribution: Innovation and Opportunities.

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ET Oil & Gas Expo 2024: India’s 15% gas target faces industrial push challenge

Speaking during a panel discussion on E&P Strategies for the Future: Navigating Technological and Market Dynamics, Deepak Mahurkar, Leader, Oil and Gas, PwC India, emphasized, "Meeting the 15% gas target is unattainable by focusing only on PNG and CNG. Industrial and commercial sectors must drive gas utilization, requiring CGD companies to invest and adopt innovative business models."

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ET Oil & Gas Expo 2024: India’s energy consumption to double, infrastructure expansion crucial

Natural gas consumption, currently at 188 million metric standard cubic meters per day (MMSCD), is expected to reach 300 MMSCD in the next five to six years, driven by ₹2 lakh crore investments in City Gas Distribution (CGD) infrastructure by 2032.

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Integrated systems and AFR vital for future waste management: Blue Planet CEO

These measures, the company said, are critical for addressing waste, water, and energy challenges effectively.

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3-fold rise in rooftop solar in island city in 2 years

In the past two years, there has been a three-fold rise in solar installed capacity -- from 580 Kwp to 17,679 Kwp -- between Cuffe Parade-Colaba and Sion-Mahim. Most of these are schools, colleges, hospitals, and govt edifices.

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Gautam Adani did not meet CM to discuss solar power deal: Senthilbalaji

The minister said it was AIADMK govt that signed a direct deal with Adani Group to purchase 648 megawatts of solar power at `7.01 per unit in 2015 when there was no renewable purchase obligation (RPO), as is imposed by the Centre now.

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Gautam Adani did not meet CM to discuss solar power deal: Senthilbalaji

The minister said it was AIADMK govt that signed a direct deal with Adani Group to purchase 648 megawatts of solar power at `7.01 per unit in 2015 when there was no renewable purchase obligation (RPO), as is imposed by the Centre now.

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India adds 1.9 GW rooftop solar capacity in 9 months of 2024

In the third quarter (Q3) of 2024, 791.1 megawatts (MW) of rooftop solar capacity were installed, an 8% increase quarter-over-quarter (QoQ) and an 84% YoY growth.

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India, ADB sign $50 million loan for climate-resilient water security in Meghalaya

The initiative aims to improve access to water, reduce community vulnerability to climate change, and promote sustainable development in the state.

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PM Surya Ghar Scheme achieves 6.3 lakh solar installations in nine months

Monthly installations under the scheme now average 70,000, a ten-fold increase from the 7,000 installations per month before its rollout.

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Oilfields bill an important legislation: PM Modi

Prime Minister Narendra Modi lauded the Oilfields (Regulation and Development) Amendment Bill, 2024, passed in the Rajya Sabha, as crucial for enhancing energy security and fostering India's prosperity. The Bill aims to reform oil and gas exploration laws, separating petroleum operations from mining to attract investment into the sector.

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KPI Green Energy secures 300 MW solar project from Coal India

The contract for ground mounted solar plant includes operation and maintenance (O&M) services on comprehensive basis for a period of five years, the company said in an exchange filing.

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India ranks sixth globally with 127 companies committed to net-zero targets: ICRA ESG

Despite contributing approximately 7% of global emissions, India's corporate commitments reflect a growing awareness, though high-emission sectors like power, energy, and cement lag significantly in adopting such goals.

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Hero Future Energies inks Rs 1,000 crore MoU with Karnataka for renewable energy, green hydrogen projects

Hero Future Energies Private Limited (HFEPL) on Sunday signed a Memorandum of Understanding (MoU) with the Government of Karnataka to invest Rs 11,000 crore to setup up projects in Renewable Energy, Green Hydrogen, and its derivatives in Karnataka, as per the official release.

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Hero Future Energies inks Rs 1,000 crore MoU with Karnataka for renewable energy, green hydrogen projects

Hero Future Energies Private Limited (HFEPL) on Sunday signed a Memorandum of Understanding (MoU) with the Government of Karnataka to invest Rs 11,000 crore to setup up projects in Renewable Energy, Green Hydrogen, and its derivatives in Karnataka, as per the official release.

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Coal India arm hikes fuel price from Jharkhand mine, to earn Rs 300 cr additional revenue

The revision, effective from November 30, reflects adjustments in logistics costs, which are now being passed on to consumers, company officials said.

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Iron ore output grows 4.1% in FY25; key minerals maintain growth: Mines ministry

Iron ore accounts for 69% of the total mineral production under the MCDR framework by value and had recorded an annual production of 274 MMT in FY 2023-24.

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Oil edges lower after jump in US gasoline stocks, OPEC+ supply decision in focus

Brent crude futures fell by 4 cents, or 0.1 Percent , to $72.79 per barrel by 0220 GMT, while U.S. West Texas Intermediate crude futures were a cent lower at $68.71 a barrel.

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India bets big on green energy with 22.4 GW solar, 3.6 GW wind in pipeline

As of September 30, 2024, the country’s cumulative renewable energy capacity reached 201.46 GW. Solar energy accounted for 45% of the total, followed by wind and large hydro at 23% each.

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GHG emissions from transport could hit 2.4 bn tonne without action: TERI

The "Roadmap for India’s Energy Transition in the Transport Sector" highlights the urgent need for policy interventions to curb emissions and achieve net-zero targets.

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Oil falls on potential deal to end Israel-Hezbollah conflict

Brent crude futures fell 28 cents, or 0.38 Percent , to $72.73 a barrel by 0106 GMT, while U.S. West Texas Intermediate crude futures were at $68.62 a barrel, down 32 cents, or 0.46 Percent .

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BJD says allegations of Adani paying bribe to Odisha govt officials 'false'

" The opposition party headed by former CM Naveen Patnaik also claimed that the case of Odisha is different from that of other states as the BJD government privatised power distribution and the administration has no direct link with agreements made for availing renewable energy.

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Adani US indictment: US charges relate to a single contract, no public co accused, says Adani Group CFO

Adani Group CFO Jugeshinder Robbie Singh clarified that the US bribery charges only concern a single contract representing 10% of Adani Green Energy's operations. While aware of an ongoing investigation, the group claims it learned of the specific charges two days prior. Singh emphasized that none of the 11 publicly listed Adani companies are implicated in any wrongdoing.

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Union Minister Manohar Lal launches NTPC's green hydrogen buses in Leh

Union Minister of Power and Housing & Urban Affairs Manohar Lal on Saturday flagged off a fleet of green hydrogen buses of NTPC at Leh in the presence of senior officials of the Ministry of Power, Leh Administration, and NTPC on Saturday.

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Union power minister visits 45 MW NHPC Nimoo Bazgo power station, reviews renewable energy efforts

Accompanied by NHPC CMD R.K. Chaudhary, the minister examined various aspects of the power station’s operations and its contribution to Ladakh’s energy infrastructure.

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Experts call for public-private investment to accelerate EV infrastructure

At the India EV Fast Charging Summit hosted by the India Energy Storage Alliance (IESA) in New Delhi, industry leaders highlighted the need for robust funding and infrastructure to meet the growing demand for EV charging.

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Global solar push could create 27 million jobs by 2050, cut emissions by 25%: ISA

The report, titled “Unleashing the Role of Solar in Advancing Economic, Social, and Environmental Equity,” was unveiled by Union Minister of State for Environment, Forests, and Climate Change, Kirti Vardhan Singh, in the presence of Bhutan’s Secretary for Energy and Natural Resources, Karma Tshering, and other global leaders.

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Global floating solar capacity to reach 77GWdc by 2033, Asia-Pacific leads market

The report, Floating Solar Landscape 2024, stated that the APAC region is expected to achieve 57GWdc of the global FPV capacity by 2033, with India, China, and Indonesia leading with a combined installed capacity of 31GWdc.

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Tata Power, Druk Green ink pact to develop 5,000 MW clean energy in Bhutan

The Memorandum of Understanding (MoU) was signed in Thimphu in the presence of Bhutan's Prime Minister Dasho Tshering Tobgay, Tata Sons Chairman N. Chandrasekaran, and senior officials from the Indian and Bhutanese governments.

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Tata Power, Druk Green ink pact to develop 5,000 MW clean energy in Bhutan

The Memorandum of Understanding (MoU) was signed in Thimphu in the presence of Bhutan's Prime Minister Dasho Tshering Tobgay, Tata Sons Chairman N. Chandrasekaran, and senior officials from the Indian and Bhutanese governments.

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PSU OMCs report 5.5% growth in LPG sales, expand coverage to over 32 crore domestic consumers

The domestic sector accounted for 89% of these sales, underscoring the increasing penetration of clean cooking fuel in households across the country.

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Delhi's AQI crosses 'Severe+' Mark, GRAP Stage-IV measures to be imposed from Monday to curb Pollution

In response to worsening air quality in Delhi-NCR, the Commission for Air Quality Management (CAQM) has decided to activate Stage IV of the Graded Response Action Plan (GRAP) from Monday.

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Urgent push needed for long-duration energy storage to meet global climate goals: Report

The Council's first Annual Report calls for an immediate scale-up of long-duration energy storage solutions to integrate the rapidly increasing renewable energy capacity coming online, as COP29 unfolds in Baku, Azerbaijan.

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Delhi pollution worsens: GRAP stage-III restrictions imposed across NCR

The decision follows a comprehensive review of air quality and weather forecasts from the India Meteorological Department (IMD) and IITM, which indicate a likelihood of the AQI remaining in the "very poor" range in the coming days.

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Coal ministry reviews 127 blocks, reports 33% increase in production

The review meeting, chaired by Additional Secretary and Nominated Authority Rupinder Brar, covered 64 operational coal blocks and 63 non-operational blocks nearing production stages across states including Arunachal Pradesh, Assam, Chhattisgarh, Jharkhand, Madhya Pradesh, Maharashtra, Odisha, and West Bengal.

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Saatvik Green Energy partners with MSEDCL to supply solar pumps in Maharashtra

The pumps, with capacities ranging from 3HP to 7.5HP, will be deployed to enhance water access for irrigation, drinking water supply, livestock watering, and pond management.

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India’s renewable capacity reaches 203 GW, solar grows 28%: MNRE

The rise, from 178.98 GW in October 2023, underscores India’s commitment to clean energy and aligns with the ‘Panchamrit’ goals set by Prime Minister Narendra Modi.

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High installation cost, skill shortage key barriers to solar adoption: Report

The survey, titled "Solar Spectrum of New India," highlights the growing interest in solar power as well as regional disparities in adoption rates and awareness levels.

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Tembo Global bags ₹595 crore solar contract from Maharashtra state electricity distribution

The Power Purchase Agreement (PPA) under Mukhyamantri Saur Krushi Vahini Yojana 2.0 will support the installation of solar power stations with a total capacity of 124 MW (AC), part of the PM-KUSUM scheme’s initiative for feeder-level solarisation.

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COP29 at Baku: Critical moment for climate action

The Conference of Parties (COP) has always been a crucial event in the battle against climate change at a global stage as the climate crisis intensifies. The Summit is expected to be a key turning point in global efforts to tackle rising temperatures, strengthen international climate agreements, and implement the Paris Agreement's goals.

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How does Trump’s White House return fare for US-India clean energy ties?

Under the Biden administration, the Inflation Reduction Act (IRA) of 2022, has been a crucial pillar of US clean energy policy, providing substantial incentives for companies to invest in renewable energy infrastructure, including solar power.

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Govt cancels JSW Steel’s coal block agreement, forfeits Rs 100 cr guarantee for non-compliance

The Ministry has also instructed IDFC First Bank to encash a Rs 100 crore bank guarantee submitted by JSW Steel as part of the contract’s security provisions, marking a significant move aimed at enforcing compliance within the coal sector.

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India’s push for green hydrogen: TERI policy brief calls for pilot projects, subsidies, and SPVs

Emphasizing innovation, competitive procurement, and government-backed initiatives, TERI’s report explores the multiple hurdles and opportunities in building a sustainable green hydrogen ecosystem in India.

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SECI bars Reliance Power and subsidiary from tenders for three years over document discrepancy

The ban, which took effect on November 6, 2024, follows SECI’s discovery of a forged endorsement on a bank guarantee, a critical document in the bidding process for a 1000 MW/2000 MWh standalone BESS project.

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EKI Energy, ARGI ink deal to strengthen carbon credit and sustainability footprint in North America

This partnership aims to expand EKI’s carbon credits trading and sustainability services across North America, with a particular focus on the aviation sector.

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AI takes centre stage in energy transition at ADIPEC 2024, leaders call for responsible use

The newly launched AI Zone at ADIPEC showcased innovative AI solutions, with tech leaders like Microsoft’s Neeraj Joshi and Carbon Clean’s Aniruddha Sharma presenting the latest in AI-driven clean energy projects.

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IREL, Kazakhstan’s UKTMP ink pact for titanium slag JV in Odisha

The Indo-Kazakh joint venture will utilize IREL’s surplus Ilmenite from its Odisha operations to produce high-grade titanium feedstock, with UKTMP JSC providing technology and offtake agreements.

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AI takes centre stage in energy transition at ADIPEC 2024, leaders call for responsible use

The newly launched AI Zone at ADIPEC showcased innovative AI solutions, with tech leaders like Microsoft’s Neeraj Joshi and Carbon Clean’s Aniruddha Sharma presenting the latest in AI-driven clean energy projects.

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Brent crude expected to trade in $75-80 range amid oversupply, weak demand: Report

Fundamental factors, including estimates from OPEC, the International Energy Agency (IEA), and the U.S. Energy Information Administration (EIA), point toward an oversupply scenario in 2024.

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India issues 11,098 MW in renewable energy tenders, draws $103 mn in October investments

The report highlights a continued expansion in RE installed capacity. From January to September 2024, the country added 17,444 MW of solar and 2,626 MW of wind capacity, reaching a cumulative RE capacity of 201.46 GW. In September alone, about 1,501 MW of combined solar and wind capacity was added.

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Telangana govt to come up with new energy policy soon, says Deputy CM

The Deputy CM along with Ministers Uttam Kumar Reddy, Komatireddy Venkat Reddy visited the Yadadri Thermal Power Plant. They flagged off the train to transport coal from Ramagundam to Yadadri Thermal Power Station, an official release said.

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Gensol wins ₹780 cr contract for 150 MW solar project in Maharashtra

This comprehensive contract includes responsibilities from land acquisition to the final commissioning of the plant. Gensol’s scope of work encompasses design, engineering, procurement, logistics, and the intricate stages of manufacturing and supply.

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Oil prices settle up slightly on Iran worries, but prices down for week

Brent futures were up 29 cents, or 0.4 Percent , to settle at $73.10 a barrel. U.S. West Texas Intermediate (WTI) crude gained 23 cents, or 0.3 Percent , to settle at $69.49. At their session highs, both benchmarks were up over $2 a barrel.

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Andhra Pradesh govt to set up renewable energy zones to promote green energy power plants

The govt issued detailed guidelines for Integrated Clean Energy Policy (ICEP) to boost investment inflow into the state.

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ALMM for solar cells to increase tariffs by 40-50 paisa per unit; diminish pace of capacity additions, says industry

​The ministry, in a written reply to an email sent by ETEnergyWorld seeking comments on the expected increase in tariffs due to the inclusion of solar cells in ALMM List-II, said that the MNRE had circulated a draft regarding ALMM for solar PV cells and had sought stakeholder comments thereupon till 21 Oct 2024.

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Two Adani firms sign pacts with MSEDCL to supply 6,500 MW power

Two Adani Group firms Adani Power and Adani Renewable Energy Fifty Five Limited will supply about 6,500 MW of power to Maharashtra State Electricity Distribution Company as part of agreements. In a regulatory filing, Adani Power Ltd said it has signed an agreement with Maharashtra State Electricity Distribution Company to supply nearly 1,500 MW of power.

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Trom Industries secures Rs 33 cr orders from Gujarat Metro, Corona Remedies for solar projects

The company will install and maintain grid-connected rooftop solar power projects of 5MW for 15 metro stations of the Ahmedabad Metro Rail project, the filing stated. The supply will start this year in a phased manner.

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Kangra district to establish model solar village under Pradhan Mantri Surya Ghar Scheme

The selection process for this model solar village will focus on villages with a population of over 2,000 and a strong engagement with non-conventional energy practices. The government will allocate Rs 1 crore to the chosen village to support green energy initiatives, he said.

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Base metal prices up 14% in FY25 so far, domestic demand growth expected at 10%: Icra

​ICRA projects a total debt/OPBDITA ratio of 1.6 times and an interest coverage of 6.9 times for FY2025, marking an improvement from 1.9 times and 4.9 times, respectively, in FY2024. Kadam added that the current supply-demand dynamics are conducive to sustaining firm metal prices in the near term.

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NTPC Green Energy gets Sebi nod for Rs 10,000-crore IPO

It added that the proceeds from the fresh issue to the extent of Rs 7,500 crore will be used for investment in its wholly owned Subsidiary, NTPC Renewable Energy (NREL) for repayment or prepayment, in full or in part of certain outstanding borrowings availed by NREL, and general corporate purposes.

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Delhi air pollution situation remains grim as quality AQI plummets

The Air Quality Index (AQI) was 363 at a 'severe' level with real-time air pollution PM2.5, and PM10. The temperature in the national capital was around 25 degrees Celsius in the morning.

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Govt plans to issue ALMM for PV cells to push India's green energy transition

The government introduced the ALMM order (List I) in 2019 for solar modules to boost the manufacturing and usage of made-in-India solar panels. It was made mandatory to source PV modules from models and manufacturers included in the ALMM List I.

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CM solar self-employment scheme takes off in Uttarakhand

The scheme is providing self employment opportunities to locals besides boosting the rural economy, Uttarakhand Chief Minister Pushkar Singh Dhami has said.

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GAIL and VERBIO ink MoU to set up agri-residue-based compressed biogas plants

The MoU, signed in the presence of GAIL’s CMD Sandeep Kumar Gupta and VERBIO Group’s CEO Claus Sauter, aims to promote sustainable energy solutions and enhance agricultural waste utilization in India.

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ADB approves 434.25 million USD loan to Indian state for energy security

The Asian Development Bank (ADB) on Thursday approved a loan of 434.25 million US dollars to increase renewable energy capacity and improve energy security in Assam.

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"Investment proposals of around Rs 31,000 crore received from Rewa Regional Industry Conclave": MP CM Yadav

The fifth edition of Regional Industries Conclave was held at the Krishna Raj Kapoor Auditorium in Rewa district on Wednesday and Industrialists and investors from over 10 states participated in it.

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Oil prices slip on rising U.S. crude inventories

Brent crude futures dipped 31 cents, or 0.4 per cent, to $75.73 a barrel by 0011 GMT. U.S. West Texas Intermediate crude futures shed 32 cents, or 0.5 per cent, to $71.42 per barrel.

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India is multiplying renewable energy investment: Harjeet Singh

"We had some really good conversations, particularly regarding the role of developed countries, which have not yet fulfilled their responsibilities in reducing emissions, moving away from fossil fuels, and providing financing to developing countries," he said.

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Mega Corporation launches Lendingo to enhance EV financing solutions

The establishment of the new vertical aligns with Mega Corporation's strategic commitment to fostering sustainable development and growth within the financial services sector, it added.

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Energy Vault, Enervest to develop $350 mln energy storage project in Australia

As more companies and countries move towards clean energy to help tackle climate change, BESSs can come in handy to store excess energy generated from renewable sources that can be used during periods of low power generation or high demand.

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Borosil Group aims to cross Rs 7,000-cr revenue in next 4 years

It plans to invest Rs 250 crore for expansion and capacity augmentation to meet the demand, in which it intends to invest about Rs 150 crore on a new plant in Gujarat for Borosil Ltd, which is in the business of products such as glassware and cookware, said Kheruka.

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"Companies are ready to come to India," says Rajasthan CM after he concludes his visit to UK, Germany

The summit will be held from December 9 to 11 in Jaipur. It will feature plenary sessions on key sectors such as agriculture, renewable energy, education, auto and EVs, infrastructure, tourism, and startups.

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Meeting 2030 renewable energy target may push India's solar equipment imports to $30 bn/yr: GTRI

To meet the government's target of installing 500 GW of renewable energy by 2030, India needs to significantly ramp up installations to 65-70 GW each year, with over 80 per cent of this target expected to come from solar power, according to the Global Trade Research Initiative (GTRI).

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Vedanta to invest Rs 1 lakh cr in Odisha to set up alumina refinery, aluminium plant

The new investment will be in setting up a 6 million tonne per annum (MTPA) alumina refinery and a 3MTPA green aluminium plant, a statement from Vedanta said.

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ACME Solar Holdings arm inks pact to supply power from 150 mw hybrid solar project

ACME Solar Holdings, through its special-purpose vehicle ACME Platinum Urja, has signed a power purchase agreement with the Solar Energy Corporation of India. The agreement is to supply power from its 150 MW hybrid solar capacity. The project will connect to the Tumkur-II substation in Karnataka. ACME Solar is also planning an IPO.

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IOC buys U.S. WTI crude for January delivery

Occidental and Mitsui sold 2 million barrels of WTI each at about $3 a barrel above dated Brent on cost and freight basis, they said.

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$215 billion needed for India’s green energy push as coal keeps dominance

Despite this rapid growth in renewables, coal remains the dominant player in India’s power generation sector. In fiscal 2023-24, coal accounted for 74.7% of the total electricity generated, a rise from 71.5% in 2020-21.

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Crude oil prices drop 8.1% in September amid global recession concerns

“Between January and September, dated Brent averaged $82.7 per barrel, up only 1 Percent on-year,” the report noted. Despite the drop, the ongoing Israel-Iran conflict could keep prices in the $75-79 per barrel range in the fourth quarter of 2024.

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ISA to focus on investment, green jobs in global solar push: Pralhad Joshi

Speaking at the curtain raiser for the Seventh Session of the ISA Assembly in New Delhi, Joshi emphasised the importance of global collaboration to address energy access and climate challenges.

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Hidden crystal structures unlocked: A new era for energy innovation and material design

The study, led by Prof. Kanishka Biswas, with contributions from Ivy Maria and Paribesh Acharyya, demonstrated that in the case of an all-inorganic two-dimensional halide perovskite, Cs₂PbI₂Cl₂, the local symmetry decreases with rising temperatures, while the global symmetry remains unaffected.

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Hidden crystal structures unlocked: A new era for energy innovation and material design

The study, led by Prof. Kanishka Biswas, with contributions from Ivy Maria and Paribesh Acharyya, demonstrated that in the case of an all-inorganic two-dimensional halide perovskite, Cs₂PbI₂Cl₂, the local symmetry decreases with rising temperatures, while the global symmetry remains unaffected.

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India’s renewable investments hit ₹8.5 lakh crore, MNRE eyes 500 GW capacity by 2030

"A significant part of this growth will come from the solar sector, driven by initiatives like PM Surya Ghar and PM KUSUM," Singh said. The solar module manufacturing capacity, which was 2 GW in 2014, has now surged to 60 GW, and is expected to exceed 100 GW by 2030, he added.

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Over 30 countries to explore $117 billion untapped export potential for India

In FY24, India recorded a trade deficit of over $10 billion with them. They are the key suppliers of ores and minerals, semiconductors, other electronic spare parts, coal, and agro-commodities such as edible oils, which underscores their significance in India's energy, mineral and food security.

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Rising Rajasthan Global Investment Summit 2024: Rajasthan CM to lead delegation to Germany, UK

The visit, part of a strategic investor outreach initiative, aims to attract European investors through a series of investor and tourism meets, as well as one-on-one meetings in Munich and London.

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Vikas Saptah: Gujarat moving towards building sustainable future through renewable energy

Under the guidance of Prime Minister Narendra Modi's visionary leadership, the state has strategically placed renewable energy at its core. In addition to meeting the electricity demands of its citizens, Gujarat is also ensuring a clean and green future for the coming generations.

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India's industrial production sees marginal contraction, manufacturing production rises

India's Index of Industrial Production (IIP) saw a marginal contraction of 0.1 per cent in the month of August, against July's 4.7 per cent as manufacturing production rose by 1 per cent, the Ministry of Statistics data showed on Friday.

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Oil eases though investors wary over potential Mideast supply disruption

Brent crude oil futures fell 39 cents, or 0.5 Percent , to $79.01 a barrel by 0152 GMT. U.S. West Texas Intermediate crude futures dropped 32 cents, or 0.4 Percent , to $75.53 per barrel.

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Solar tracker adoption rises in India, Nextracker urges faster permits to meet energy targets

In an interview with ET Energyworld, Wenger emphasized that while the technology behind solar trackers is advancing rapidly, bureaucratic red tape is slowing the pace of progress.

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Gensol Engineering's order book reaches ₹4,097 crore with new solar projects

This significant volume is slated for execution over the next 12 to 18 months, indicating robust growth in the company’s project handling and implementation capabilities in the renewable energy sector.

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Goldi Solar plans to launch IPO in 2026

​The firm also has an export business, on which Dholakiya said that it plans to full-fledgedly enter the US and South American market for export of solar modules and cells by next year.

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Goldi Solar plans to launch IPO in 2026

​The firm also has an export business, on which Dholakiya said that it plans to full-fledgedly enter the US and South American market for export of solar modules and cells by next year.

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Avaada lays foundation for ₹13,650 crore renewable energy plant in Nagpur

The facility, inaugurated by Maharashtra Deputy Chief Minister Devendra Fadnavis, will focus on the entire solar value chain, including ingot-wafer, PV cells, and modules.

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India needs 122 GW wind capacity by FY32 to ensure energy security

The report reveals that 21 Indian states have set targets to contract more than 100 GW of wind capacity by 2030 to meet renewable purchase obligations and diversify their clean energy portfolios.

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NPCIL to operate small nuclear plants for private players

These 220 MW reactors will be known as 'Bharat Small Reactors' for which research is already in progress at the Bhabha Atomic Research Centre (BARC), the official said.

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Adani starts India's biggest hydrogen blending in natural gas programme

Hydrogen produced through clean pathways is injected into natural gas pipelines, and the resulting blends are used to generate heat and power with lower emissions than using natural gas alone.

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PFC secures $1.265 billion foreign currency loan for green energy projects

The loan, which aims to finance projects outside the thermal generation sector, marks a significant step towards PFC's commitment to supporting the transition to green energy.

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India eyes stronger global renewable energy ties: Union minister Pralhad Joshi to visit Germany

​During the visit, Joshi will attend the Hamburg Sustainability Conference from October 7-8 and hold bilateral talks with ministers from Germany and the UK to discuss cooperation in green hydrogen, renewable energy finance, and sustainable development.

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India eyes stronger global renewable energy ties: Union minister Pralhad Joshi to visit Germany

​During the visit, Joshi will attend the Hamburg Sustainability Conference from October 7-8 and hold bilateral talks with ministers from Germany and the UK to discuss cooperation in green hydrogen, renewable energy finance, and sustainable development.

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Britain promises up to $28.5 bln for carbon capture projects

Britain has a climate target to reach net zero emissions by 2050 and has said CCS will be needed to curb emissions from energy intensive industrial sectors.

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AM Green, Gail to jointly explore setting up of 2.5MW hybrid renewable energy projects in India

AM Green BV and GAIL (India) Limited partner to develop up to 2.5GW of solar and wind hybrid projects in India, focusing on long-term CO2 supply for eMethanol production. This strategic alliance aims to promote environmentally friendly fuel and accelerate industrial decarbonization in sectors like shipping, steel, and cement.

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India's green electricity tariffs may lead to financial losses for distribution companies

The ministry of power's plan aims to boost renewable energy uptake among large consumers by introducing green tariffs.

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Piyush Goyal offers India as a global investment destination with world class infra and talents at meetings in US

Union Minister for Commerce and Industry, Piyush Goyal, during his visit to the United States, participated in a series of high-level engagements, reinforcing the strong trade and investment relationship between India and the US.

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Reliance Group, Druk Holding sign pact to develop 1,270 MW renewable energy projects in Bhutan

The agreement, signed today, includes plans to develop a total of 1,270 MW of clean energy, marking the largest foreign direct investment (FDI) by an Indian company in Bhutan’s green energy space.

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DDA allows DISCOMs to provide new electricity connections without reference to authority

DDA has allowed for such connections on all lands where DDA or any other government agency has issued NoC in the past or where plans stand approved for development by any government agency, the officials said.

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Avaada Group commits Rs 1 lakh cr investment in Rajasthan

These are expected to generate massive employment opportunities, promote green manufacturing, and significantly boost Rajasthan's contribution to India's renewable energy targets, Avaada Group said.

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REC raises CBDT notified zero coupon bonds of Rs 5,000 crore

​ZCB are issued at deep discount and are redeemed at face value. Since these ZCBs are CBDT notified, investors are benefitted in the form of lower taxation as redemption of ZCB on maturity is treated as long term capital gain and is accordingly taxed at much lower rate of 12.5 per cent per annum.

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Govt subsidies, falling battery prices to make EVs more accessible: Axis Securities

According to the analysis, although the initial cost of an EV may be higher, over time, the lower operational costs (such as lower electricity prices and less maintenance expenditures) make them more cost-effective.

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NLCIL produces 1,234 crore units of clean power as it treads green path

To achieve the target of 10,000 MW, NLCIL has formed new subsidiaries--NLC India Renewables Ltd (NIRL) to focus on asset monetisation and NLC India Green Energy Ltd (NIGEL) to spearhead clean energy initiatives.

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Gujarat leads with 14.7 GW solar capacity, eyes 31.9 GW hybrid projects: Arun Mahesh Babu

Speaking at the The Economic Times Energy Leadership Awards, Babu detailed how Gujarat’s solar and wind energy projects are contributing to India's national goal of reaching 500 GW of non-fossil energy capacity by 2030.

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Top climate negotiators urge tougher targets, but outsiders say they aren't cutting back themselves

At the United Nations, the troika of the current and next two presidents of UN climate conferences told other leaders to make their required climate-fighting targets - due next February - much more ambitious.

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Saatvik Solar to raise ₹1,000 crore for expansion, plans IPO

Saatvik Solar currently has a module production capacity of 1.8 GW, which is projected to increase to 3.8 GW by November. The planned investment of ₹2,200 crore over the next two years is expected to further enhance the company's module-making capacity to 7.8 GW and cell manufacturing capacity to 2 GW.

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Energy compacts garner $1.4 trillion to tackle global electricity and clean cooking crisis by 2030

This substantial financial pledge was highlighted in the third edition of the Energy Compacts Annual Progress Report, released at the EnergyNow SDG7 Action Forum held on the sidelines of the UN General Assembly.

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Aditya Birla Renewables raises Rs 2,500 crore through NCDs

The company allotted 2,50,000 unsecured, listed, rated, redeemable NCDs of face value of Rs 1 lakh each on September 24, 2024, Grasim Industries said in a filing.

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Hartek Group hits 10 GW installation milestone, sets revenue goal of ₹10,000 cr by 2030

This milestone underscores the company's pivotal role in strengthening grid infrastructure and propelling India's transition to renewable energy.

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Nirmala Sitharaman discusses renewable energy, UPI with Uzbekistan Trade Minister in Samarkand

The two leaders acknowledged the successful agreement towards the Bilateral Investment Treaty (BIT) between India and Uzbekistan and agreed that the signing of BIT will bolster investor confidence in each other's market

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India may miss the net-zero emission target by a decade unless it accelerates green hydrogen economy

The green hydrogen sector stands as a critical pillar of India's energy transition strategy, necessitating urgent investment and policy support to unlock its potential. India must expedite the development of its green hydrogen economy.

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Waaree Energies gets SEBI nod for IPO

​“The company proposes to utilize the net proceeds towards part financing the cost of establishing the 6-GW of ingot wafer, solar cell, and solar PV module manufacturing facility in Odisha, India as well as for general corporate purposes,” it said.

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Waaree Energies gets SEBI nod for IPO

​“The company proposes to utilize the net proceeds towards part financing the cost of establishing the 6-GW of ingot wafer, solar cell, and solar PV module manufacturing facility in Odisha, India as well as for general corporate purposes,” it said.

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India bolsters power grid with 12.8 GW thermal capacity amid rising energy demands

The move to ramp up coal-based power generation comes at a time when India has recorded unprecedented levels of power demand over the past three years. Thermal power, known for providing the base load power essential for grid stability, remains a critical component of the country's energy mix.

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Solar91 Cleantech files draft papers to raise Rs 100 cr via SME IPO

The company provides turnkey engineering, procurement, and construction (EPC) services to commercial and industrial customers across India. It has worked in 13 states having commissioned close to 80 megawatt (MW) in distributed solar projects.

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India signs clean and fair economy agreements under IPEF, eyes ₹1.91 lakh crore in green investments

The agreement also facilitates project financing and joint collaborative projects, specifically targeting MSMEs and helping Indian companies integrate further into global value chains. These efforts include initiatives like the IPEF Catalytic Capital Fund and the IPEF Accelerator, designed to support green energy and climate resilience.

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Kerala’s green hydrogen valley project to be set up with Rs 18,542 cr investment

​The project is estimated to require Rs 731 crore funding from the government – Rs 45 crore to support techno-commercial assessments, Rs 351 crore for transmission infrastructure, Rs 264 crore for pipeline and refueling infrastructure, and Rs 70 crore for offtake infrastructure.

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At UN summit, India calls for global shift to sustainable living

India has highlighted the importance of adopting sustainable lifestyles to tackle climate change at the UN Summit of the Future. Emphasizing affordable solutions, India pointed out that actions like saving energy and reducing waste could significantly cut global emissions by 2030. The country also promotes eco-clubs in schools and clean energy job creation.

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SECI plans IPO within two years, targets 10 GW capacity by 2030: CMD

Speaking to the media, Gupta said that SECI is aiming to achieve 10 GW of cumulative renewable energy capacity by 2030. The company currently has 122.7 MW of installed capacity.

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Indian refiners jointly negotiating for 2025 Russian oil supplies, govt source says

Russia is India's top oil supplier, and the world's third biggest oil importer and consumer is also Moscow's top client for seaborne oil. Private refiners in India this year signed annual deals for Russian oil supplies while state refiners are buying from spot markets.

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Sunsure Energy to supply 2 cr units of green power annually to Kirloskar Brothers

In a statement, Sunsure Energy said it has signed a 13.5 MWp solar Open Access Power Purchase Agreement (PPA) with Kirloskar Brothers Ltd (KBL).

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Vertical solar farms to power agriculture, clean energy production; MoU signed at Re-Invest 2024

This partnership introduces an innovative vertical solar technology that promises not only to generate clean energy but also to revolutionize the agricultural landscape by enabling continued farming on the same land. The dual-use approach is expected to transform India's agrarian economy while making substantial strides towards energy independence and climate action.

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IREDA receives approval to raise ₹4,500 crore via equity issue for renewable energy projects

The approval comes following the recommendations of a High-Level Committee, with the fund-raising planned through the Qualified Institutions Placement (QIP) route.

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Torrent Power bags 1,500 MW pumped hydro storage project

Under the Pumped Hydro Energy Storage Facility Agreement (PHESFA), the company shall make available to MSEDCL a contracted capacity of 1,500 MW capable of scheduled discharge of eight hours (with maximum continuous five hours) per day.

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India's Hero Future Energies plans to invest $20 billion in renewables over 6 years

Hero Future Energies, backed by global investors such as KKR and International Finance Corporation (IFC), aims to increase its capacity to 30 gigawatts (GW) by 2030 from an installed 1.9 GW currently.

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Torrent Power bags 1,500 MW pumped hydro storage project

Under the Pumped Hydro Energy Storage Facility Agreement (PHESFA), the company shall make available to MSEDCL a contracted capacity of 1,500 MW capable of scheduled discharge of eight hours (with maximum continuous five hours) per day.

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EoI floated for coal gasification tech for Rs 13,000cr project by CIL-GAIL JV

The document mentions, "The proposed JV of GAIL & CIL intends to set up an 80,000 NM3/hr synthetic natural gas plant at Eastern Coalfields Ltd in Bardhaman, West Bengal, using the surface coal gasification route."

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Renewable energy minister Pralhad Joshi meets German, Danish officials; focuses of boosting ties in clear energy space

​Addressing at the Launch of India-Germany Platform for Investments in Renewable Energy Globally, the minister said, “Germany has been our trusted partner in India’s renewable energy journey… I am sure that Indo-Germany collaboration will expand manifolds in coming years.”

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Green hydrogen surge: India targets ₹10.6 lakh crore investment to fuel 135 GW clean energy

According to a report by the Council on Energy, Environment, and Water (CEEW), the production of green hydrogen will require 84 GW of wind energy and 51 GW of solar energy. The states of Gujarat and Tamil Nadu will play a critical role in this energy transition, contributing 43% and 24%, respectively, of the total renewable energy required.

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EnBW in talks with shareholders over $3.3 bln capital increase

Any decision over a possible share issue will be up to the group's shareholders at the annual general meeting based on a proposal by the group's management and supervisory boards, EnBW said in a statement on Friday.

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Safety approval shadow over state’s solar plan

All new solar rooftop projects, including residential projects, above 10 KiloWatt capacity in Karnataka will now require safety approval from the Chief Electrical Inspector to the government of state (CEIG).

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OPEC Fund approves $1.2 billion for development projects across 11 countries

The funding approvals were announced during the 189th Governing Board meeting held today, reinforcing the OPEC Fund’s commitment to transformative development initiatives.

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EIL eyes offshore wind energy, in talks with green power developers

The company, which has played a pivotal role in offshore oil and gas projects, including in Mumbai High, is now looking to expand its expertise into offshore wind energy. Offshore wind projects, typically installed in large water bodies, are cost-intensive due to the complexities involved in installation and grid connectivity.

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How to secure your Net Zero goals

The International Energy Agency estimates that total electricity consumption by data centres around the world could double from 2022 levels to 1,000 TWh (terawatt hours) in 2026, equalling the level of Japan’s electricity demand. AI will result in data centres using 4.5% of global energy generation by 2030, according to calculations by research firm SemiAnalysis.

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Re Sustainability, Sharrp Ventures launch major plastic recycling project; 32,000 tonnes of waste to be processed annually

The initiative seeks to address the FMCG sector’s challenge of sourcing high-quality recycled materials and aims to support India’s sustainability goals by diverting waste from landfills and promoting recycling at a large scale.

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IREDA signs MoU for 900 MW upper Karnali hydro project in Nepal

The project, approved in principle by IREDA’s Board of Directors in July 2024, will harness Nepal’s hydropower potential while contributing to regional energy cooperation and sustainability.

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Karnataka rooftop solar capacity crosses 600 MW

The Ministry of New and Renewable Energy (MNRE) launched the national portal for rooftop solar in July 2022. The portal simplified the procedure for installing a rooftop solar system and applying for a subsidy. Experts say the scheme eased the process for both consumers and vendors, leading to increased installed capacity.

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Oil India Limited joins the Oil and Gas Decarbonization Charter for sustainable energy practices

Oil India Limited (OIL) has signed the Oil and Gas Decarbonisation Charter (OGDC), showcasing its commitment to sustainable energy practices. Launched at COP28 in 2023, the OGDC aims to reduce greenhouse gas emissions in the oil and gas sector. OIL targets Net Zero by 2040 through enhanced operational efficiency and R&D investment.

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Why public EV chargers almost never work as fast as promised

Electric vehicle drivers in the US often face slower-than-expected charging speeds at public stations. Factors such as battery idiosyncrasies, temperature extremes, and power-sharing between plugs contribute to this issue. Despite advancements in charging infrastructure, EV owners are advised to prepare for potential delays by using route-planning apps and checking charger reviews.

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India adds 6.7 GW solar module manufacturing capacity as renewable energy grows 165%: Pralhad Joshi

This development comes as the country’s installed renewable energy (RE) capacity has surged by 165 Percent in the last decade, rising from 75.52 GW in 2014 to over 203 GW in 2024.

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Startups key to India’s green hydrogen push: Pralhad Joshi

Speaking at the curtain-raiser for the 2nd International Conference on Green Hydrogen (ICGH-2024), Union minister for new & renewable energy, Pralhad Joshi emphasized the importance of engaging youth and startups to accelerate India’s transition towards clean energy.

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ISA to launch $100 million global solar facility for expanding energy access in Africa

The announcement is expected to be made at ISA’s first international solar festival, scheduled to be held on 5-6 September in the national capital. The event will focus on catalysing global solar adoption by forging partnerships, unlocking innovative financing, deploying cutting-edge technology, and boosting capacity in ISA member countries.

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India's Adani Green approves pacts for $444 million TotalEnergies JV investment

The company did not disclose the financial commitments it would make for the proposed joint venture. Adani Green and TotalEnergies will each own 50 per cent stake in the resultant entity.

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Gensol-Matrix Consortium wins ₹164 crore bid for India’s first bio-hydrogen project

The project, to be completed within 18 months, aligns with India’s National Green Hydrogen Mission and marks a significant step towards sustainable energy. Gensol and Matrix have partnered with Westinghouse, USA, to utilize their patented Pre-Gasification Plasma Induced Radiant Energy-Based Gasification System (GH2-PREGS) technology for the project.

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CMD IREDA pushes for 5% AUM allocation in green bonds to boost green investment

Das pointed out that the global financial community increasingly views the green sector as a substantial business opportunity, but the absence of a Green Taxonomy continues to hinder wider green investment.

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South Africa eager to learn from India's successes in promoting rural electrification, says Deputy President Mashatile

The 62-year-old African National Congress leader was speaking at the opening of the New Development Bank's ninth annual meeting of the board of governors under the theme 'Investing in a Sustainable Future'.

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Environment minister Bhupender Yadav extends Ideas4LiFE submission deadline to 15 October

The Ministry of Environment, in collaboration with the Maharashtra Environment Department, organized the 'Ideas4LiFE' event at IIT Bombay, aiming to inspire innovative environmental solutions. The event saw active participation from 1,200 students, research scholars, and faculty members from various educational institutions in Mumbai.

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SECI granted Navratna status, PAT grows 34.89 percent in FY24

SECI, which completed 13 years of incorporation, posted a consolidated annual turnover of Rs 13,118.68 crore, up 20.85 per cent from the previous year.

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OVL awaits US nod to resume Venezuelan operations, approval expected soon

The licence, once granted, will enable OVL to resume operations in the San Cristobal and Carabobo projects, where it holds a 49% stake in the former and 11% in the latter. The company has been seeking exemptions from US sanctions to not only restart operations but also to lift crude in lieu of stuck dividends worth $600 million.

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IREDA Board approves Rs 4,500 cr fundraise plan

The board of state-owned IREDA on Thursday approved a proposal to raise Rs 4,500 crore. The funds will be raised in one or more tranches through further public offer (FPO)/qualified institutional placement (QIP)/rights issue/preferential issue or any other permitted mode or combination, subject to the statutory or government approval, IREDA said in an exchange filing.

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Ambani unveils growth roadmap for Reliance, co to double in size by 2030

While the growing cash cow, the oil and chemicals business, Reliance will step up AI adoption and will launch 'Jio Brain' - a suite of AI tools and platforms - and set up gigawatt scale IA-ready data centres in Jamnagar in Gujarat "to create the world's lowest AI inferencing cost" to make such applications more affordable in India than anywhere else.

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S&P assigns 'BBB-' long-term rating to IREDA, outlook stable

This development is poised to significantly boost IREDA’s capabilities in accessing international markets, thereby supporting its borrowing strategies aimed at tapping into new funding sources.

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Rooftop solar shines: 1.1 GW added in H1 2024, residential boom fuels growth

Installations in 1H 2024 rose 26 Percent year-over-year (YoY) compared to the 873 megawatts (MW) installed in 1H 2023.

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Oil steady as smaller-than-expected US stock draw counters Libya supply disruption

Oil prices remained mostly steady, impacted by a smaller-than-expected draw in U.S. crude inventories and concerns over China demand amid supply disruptions from Libya. U.S. crude inventories fell by 846,000 barrels, less than forecasted. Supply disruptions in Libya have significantly reduced output, adding to market uncertainties.

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Maersk says ocean shipping's zero-emissions push needs government support

The Alette Maersk was the first container vessel powered by low-carbon methanol fuel to cross the Pacific Ocean - a milestone in the shipping industry's effort to reduce its climate impact.

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ZF Wind Power hits 50 GW gearbox milestone at Coimbatore plant

The Coimbatore plant is central to ZF’s strategy in India, with long-term investments aimed at expanding its manufacturing capacity from 9 GW to 12 GW per year. This expansion is designed to meet the growing demands of the wind energy market. The facility has also installed a 13 MW test rig, further solidifying ZF’s commitment to supporting India’s renewable energy goals.

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India-GCC trade hits $162 billion, growing ties in energy, defence, and tech

Mahajan pointed out that while overall trade figures may fluctuate, India's exports to the GCC have shown consistent growth. “India exports various food processing, jewelry, synthetic fibers and yarns, textiles, pharmaceuticals, and engineering goods, chemical products. Many of these areas are areas of huge potential,” he said.

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Renewable Energy: The future for India’s small-to-medium scale industries

The significant increase in natural gas usage is attributed to the enhanced availability of domestic gas, fueled by connectivity to city gas distribution grids and a reduction in domestic gas consumption by the fertilizer sector.

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India and US strengthen ties on carbon capture, aim for industrial decarbonization

The workshop, jointly organized by NITI Aayog, the US Department of State’s Bureau of Energy Resources, the US Department of Energy’s Office of Carbon Management, and the US Department of Commerce’s Commercial Law Development Program, brought together senior officials and industry leaders from both countries.

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Oil climbs over 2 percent after Fed's Powell indicates US rate cuts

Brent crude futures settled up by $1.80, or 2.33 Percent , at $79.02 a barrel. U.S. West Texas Intermediate (WTI) crude futures finished up $1.82, or 2.49 Percent , at $74.83.

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India's silver imports to double on demand for solar, investment

Higher imports by the world's biggest silver consumer could give further support to global prices, which are close to their highest level in more than a decade. India imported 3,625 metric tons of the white metal last year.

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Green hydrogen surge: Andhra, Tamil Nadu, Gujarat to lead with 40GW battery & 90GW pump storage

India is set to make a significant leap in its energy transition with plans to implement 40GW of battery storage and 90GW of pump storage capacity by 2030, focusing on states like Andhra Pradesh, Tamil Nadu, and Gujarat, said Srikant Nagulapalli, Additional Secretary, Ministry of Power, at the IEEMA Industry Conclave 2024 held in Delhi.

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Premier Energies' Rs 2,830-cr IPO to open on Aug 27; sets price band at Rs427-450 per share

The IPO is a combination of a fresh issue of equity shares aggregating up to Rs 1,291.4 crore and an offer-for-sale (OFS) of up to 3.42 crore shares, by the selling shareholders, valued Rs 1,539 crore at the upper end of the price band. This takes the total issue size to Rs 2,830 crore.

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Zelestra inks pact to supply 450 MW solar power to NTPC

The proposed solar project shall be commissioned in Rajasthan to support Zelestra India's goal of executing a diverse project portfolio exceeding 6 GW in the next three years.

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Tamil Nadu CM Stalin inaugurates Tuticorin green ammonia plant, marks India’s first cross-border export

The plant, which will be operated by Sembcorp, is set to produce 200,000 metric tonnes of green ammonia annually for export to Japan. This project, covering 160 acres in the port area of Tuticorin, is part of a broader collaboration aimed at advancing the energy transition in the region.

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Energix signs long-term solar power deal with Google

Energix will initially supply 1.5 gigawatt peak of solar project development until 2030, with an option to further expand the partnership.

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Ruloans partners with UGRO Capital to foray into rooftop solar finance business

The partnership with UGRO Capital is aimed at acquiring new customers and grabbing a larger slice of the solar finance pie in the backdrop of the Centre's increased fund allocation to solar energy projects such as PM Surya Ghar Yojana, it said.

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India signs first-ever green ammonia export agreement with Japan

The Heads of Terms (HoT) agreement was signed between Sembcorp Industries, Sojitz Corporation, Kyushu Electric Power Co., and NYK Line, establishing a cross-border green ammonia supply partnership from India to Japan. This collaboration is the first of its kind between the two countries, highlighting India’s growing role in the global green energy landscape.

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Andhra CM inaugurates projects, inks deals worth Rs 3,683 crore at Sri City

"Today, at Sri City, we paved the way for further industrial development. I inaugurated 15 industrial projects with Rs 1,570 crore investment and laid the foundation for 7 projects worth Rs 900 crore. Additionally, 5 companies signed MoUs (agreements) for Rs 1,213 crore investment today," said Naidu in a post on 'X'.

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MVA will scrap Dharavi project if residents don't get 500 sq ft homes: Aaditya Thackeray

At the 'Dharavi Bachao' rally, Aaditya Thackeray of Shiv Sena (UBT) pledged that the Maha Vikas Aghadi (MVA) would cancel the Dharavi redevelopment project unless 500 square feet homes are provided to residents. He accused the government of favoring the Adani group over Dharavi's inhabitants. Thackeray proposed relocating residents to nearby transit camps and criticized the government for delaying assembly elections. He spoke on the increasing farmer suicides and unemployment and criticized the Mumbadevi Temple beautification project for displaced shopkeepers.

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Centre effects major top-level bureaucratic rejig; Punya Salila Srivastava named health secretary

Senior bureaucrats Punya Salila Srivastava and Rajesh Kumar Singh have been appointed as health and defence secretary respectively, as part of a major top-level bureaucratic reshuffle effected by the Centre on Friday.

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Centre effects major top-level bureaucratic rejig; Punya Salila Srivastava named health secretary

Senior bureaucrats Punya Salila Srivastava and Rajesh Kumar Singh have been appointed as health and defence secretary respectively, as part of a major top-level bureaucratic reshuffle effected by the Centre on Friday.

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BPCL sets up biofuel blend bunker at Mumbai port

Public sector oil marketing firm BPCL on Friday said it has set up a biofuel blend High Flash High-Speed Diesel (HFHSD) bunker at Mumbai Port.

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Won't rest until Uttarakhand becomes best, self-reliant state: CM Dhami

"For us it is a resolution without an option. We won't rest until Uttarakhand becomes the country's best and an entirely self-reliant state," a statement quoted him as saying.

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IndiGrid partners with British and Norwegian investors to boost India’s renewable energy transmission

This fiscal year, IndiGrid successfully operationalized its first greenfield ISTS project, Kallam Transmission Limited, and secured five additional projects across ISTS and Battery Energy Storage System (BESS) sectors, with an anticipated capital expenditure of approximately INR 2,000 crores slated for the next 12-24 months.

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India only G20 nation to meet Paris Climate Accord target before time: PM Modi

India is the only G20 country to have ensured that the pledge towards creating a green planet made at the Paris Climate Change Summit in 2015 was fulfilled even before the deadline, Prime Minister Narendra Modi said on Thursday.

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India making more efforts in renewable energy than other G20 countries: PM

As part of its national climate plan or nationally determined contributions (NDCs) to limit global warming to 1.5 degrees Celsius, India has committed to achieving 500 GW of non-fossil fuel-based electricity installed capacity by 2030.

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AP, NVVN ink pact to install solar panels on all govt buildings

The Chief Minister noted that the move is aimed at achieving a greener future in line with the guidelines of the Ministry of New and Renewable Energy (MNRE).

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Subsea sector on track for $42 billion boom by 2027, led by deepwater projects

The year 2024 alone is set to see cumulative spending hitting $32 billion, marking a 6.5 Percent increase from the previous year, predominantly driven by an uptick in deep and ultra-deepwater projects.

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Honeywell, Repsol partner to develop biofuels and circular materials

"As a global leader in sustainable fuel technologies, we seek collaborations to provide innovative solutions that help our customers and stakeholders to reduce carbon and greenhouse gas emissions through biofuel production," said Bryan Glover, Chief Growth Officer and CTO, Honeywell Energy and Sustainability Solutions.

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SWREL gets Rs 550 cr solar plant order in Rajasthan

"This is in addition to the order inflow of Rs 2,170 crore seen in the first quarter, and we remain confident of further augmenting this order momentum due to a strong domestic bid pipeline being in place," Amit Jain, Global CEO of Sterling and Wilson Renewable Energy Group, said.

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Avaada Group, Maharashtra govt ink MoU for 2750 MW pumped storage projects

The projects include the 1500 MW Pawana Falyan PSP, spanning Pune and Raigad districts, and the 1250 MW Kumbhavade PSP across Kolhapur and Ratnagiri districts. These initiatives entail a total investment projected at ₹14,000 crore over the next five to seven years, aimed at bolstering Maharashtra’s energy security and advancing its environmental sustainability initiatives.

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Reliance to commission first solar giga-factory in FY25

The solar giga factory will include the manufacturing of PV modules, cells, wafers and ingots, polysilicon, and glass at a single location. The modules convert sunlight into electricity.

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Deep Dive: SECI’s FDRE tender discovers Rs 4.98 per unit tariff

Power generated from this project is set to be procured by BSES Rajdhani Power and BSES Yamuna Power – 625 MW – and Gift City in Gandhinagar – 5 MW.

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Cabinet extends JI-VAN Yojana to 2028-29, aims for 20percent ethanol blending by 2025-26

The ethanol blending in petrol has already reached 15.83 percent in July 2024, and the cumulative blending percentage has surpassed 13 percent in the ongoing ESY 2023-24.

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India’s wind capacity needs to grow from 2.8 GW to 9.3 GW annually to hit 2030 goal

India faces a significant challenge in meeting its 2030 wind energy targets, according to a new report by energy think tank Ember.

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EPTA recommends TBCB mode for new offshore wind energy transmission systems

The Electricity Power Transmission Association (EPTA) has formally requested the Central Electricity Authority (CEA) to implement new transmission schemes for offshore wind farms in Gujarat and Tamil Nadu under the Tariff-Based Competitive Bidding (TBCB) mode. The request comes in light of the agenda discussed during the 20th NCT Meeting held on June 25, 2024.

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SECI's net profit surges 38% to ₹436.03 crore in FY24; expands total capacity to 65,317 MW

In its financial summary released on August 2, 2024, SECI also noted an increase in total income, which reached ₹13,135.80 crore in FY24, rising from ₹10,864.43 crore last year.

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India's gas consumption doubles to 189 MMSCMD, pipeline network extends to 24,000 km

At the FICCI's City Gas Distribution Summit 2024, PNGRB member Gajendra Singh highlighted the regulator's commitment to expanding gas availability. "Our goal is to provide access to gas for all consumers, whether for PNG (Piped Natural Gas), industrial and commercial use, or CNG (Compressed Natural Gas)," Singh said.

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PM Surya Ghar Muft Bijli Yojana crosses 100 MW solar capacity mark in Maharashtra

Rooftop solar (RTS) power generation capacity under the ambitious PM Surya Ghar Muft Bijli Yojana has now crossed the 100 MW mark in Maharashtra, an official has said.

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Rajasthan Cabinet approves setting up of four joint venture companies in energy sector

Apart from setting up joint ventures for renewable and thermal power projects and power transmission projects, the Cabinet also cleared the formation of an infrastructure investment trust, according to an official statement.

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Modi govt cannot persist with ' cavalier implementation' of schemes: Congress on PM-KUSUM

Congress general secretary in-charge communications Jairam Ramesh said the Ministry of New and Renewable Energy has revealed some "startling facts" about PM-KUSUM, launched with "great fanfare" in 2019 to increase the agricultural use of solar energy across the country.

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Hindustan Zinc Q1 profit rises 19 pc to Rs 2,345 cr

Earnings before interest, taxes, depreciation, and amortization (EBITDA) in the quarter rose 17 per cent to Rs 3,946 crore from Rs 3,359 crore in the year-ago period.

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India's coal production rises to 74.07 million tonne in July, up 6.69%

Coal dispatches in July 2024 also saw a rise, totaling 79.54 million tonnes compared to 76.05 million tonnes in July 2023, a growth of 4.58 per cent.

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Tata Motors may look at hybrids if demand is strong, CFO says

The 'Nexon' SUV-maker, which has raised money from TPG for its electrification push, has urged Indian government officials to maintain their support for EVs and not lower taxes on hybrid vehicles, despite demands by rival carmakers Toyota Motor and Maruti Suzuki.

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Energy Surge: Indian data centres boost IT capacity by 71 MW in 1st half of 2024

This addition has increased the total stock to 942 MW, marking a 21% growth from 778 MW recorded in the same period last year. The market transactions also reflected robust activity, with about 200 MW in IT capacity reported.

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Vedanta receives clearances from BSE, NSE for proposed demerger

"... BSE and NSE, vide their letters dated July 31, 2024 and July 30, 2024 respectively, have conveyed that they have 'no objections/no adverse observations', on the proposed scheme," Vedanta said in a regulatory filing.

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Adani Energy Solutions raises USD 1 bn in share sale, first since Hindenburg

The QIP, which opened on Tuesday, was oversubscribed three times with demand of about Rs 26,000 crore - making it the largest transaction in India's energy space.

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India's power demand set to surge by 80 GW by 2027; experts recommend 50 GW solar expansion

According to the India Energy and Climate Center (IECC) at the University, peak electricity demand, which reached 250 GW in May 2024—an increase of 46 GW in just two years—could see an additional rise of 50-80 GW by 2027.

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Power surge: Renewable capacity hits 195,013 MW, transmission network grows by 195,181 Ckm

In parallel, the total installed power capacity has surged from 248,554 MW to 446,190 MW in the same period. The coal power sector also marked a substantial rise in capacity from 139,663 MW to 210,969 MW.

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India's refining capacity to hit 309.5 MMTPA by 2028; GVA of petroleum products at ₹2.12 lakh crore

The ministry of statistics and programme implementation (MoSPI) reported that the Gross Value Addition (GVA) of manufacturing coke and refined petroleum products rose from ₹1.56 lakh crore in 2012-13 to ₹2.12 lakh crore in 2022-23.

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Will go on 28-day fast from Aug 15 if govt doesn't initiate talks on our demands: Sonam Wangchuk

In an interview with PTI, Wangchuk said the Apex Body, Leh (ABL) and the Kargil Democratic Alliance (KDA) from Ladakh submitted a memorandum of demands to Prime Minister Narendra Modi during his visit to Dras on the occasion of the 25th anniversary of the Kargil Vijay Diwas last week.

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Budget 2024 missed opportunity green hydrogen, say experts

Experts said that Budget speech could have provided valuable clarity by outlining specific initiatives that would benefit from allocation announced in Interim Budget

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EMPS 2024 targets over 560,000 EVs with enhanced ₹778 crore outlay

The enhanced outlay of ₹778 crore includes ₹769.65 crore for subsidies and demand incentives for electric two-wheelers and three-wheelers, and ₹8.35 crore for the administration of the scheme, including Information, Education & Communication (IEC) activities and fees for the Project Management Agency.

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Renewable energy push: 151 GW projects underway, 76.42 GW to be operational in 3-4 years, says Joshi

Speaking at the Mercom India Renewables Summit 2024, Joshi emphasized the government's focus on boosting renewable energy, reflected in various initiatives and Budget 2024 announcements.

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Adani Energy Solutions posts Rs 1,190 cr loss in Q1

The total income rose to Rs 5,489.97 crore in the quarter under review from Rs 3,772.25 crore in the year-ago period. Expenses surged to Rs 4,443 crore from Rs 3,124.69 crore a year ago.

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UN Chief calls for global action as extreme heat threatens billions

The UN Secretary-General's Call to Action on Extreme Heat is supported by ten specialized UN entities, including the FAO, ILO, UNEP, UNICEF, WHO, and WMO, underscoring the multi-sectoral impacts of extreme heat.

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India's natural gas consumption jumps 7.1% in June 2024: PPAC

"The increase in natural gas consumption underlines its growing importance as a versatile energy source across various sectors of the economy," a PPAC official said. This upward trend reflects the expanding application of natural gas from electricity generation and heating to its use as a critical feedstock in industries such as fertilizers and plastics.

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India's crude oil production drops 2.7 per cent in June, even as refining rises 3.1 per cent

The report details that Oil India Limited (OIL) contributed 0.3 MMT, Oil and Natural Gas Corporation (ONGC) recorded 1.6 MMT, and fields under Production Sharing Contracts (PSC) or Revenue Sharing Contracts (RSC) produced 0.5 MMT.

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China agrees to bolster cooperation with Maldives in infrastructure and renewable energy projects

Zameer said that he was "delighted" to have witnessed the signing of the Letter of Exchange on the feasibility study for the redevelopment of Male and Villimale Roads Project, a key pledge of President Mohamed Muizzu's government.

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India's fuel consumption grows 2.6% in June, driven by surge in ATF and Petrol use

The report highlighted notable trends in various fuel types, including a 4.6% rise in motor spirit (MS) or petrol consumption, which stood at 3.30 MMT for the month, compared to 3.15 MMT the previous year.

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'Boost for green energy': Govt enhances financial aid for biomass pellet manufacturing

The enhanced financial incentives, effective from July 16, 2024, aim to boost the utilization of the country's substantial biomass resources, which amount to an annual production of 750 million metric tonne (MMT), with 228 MMT available as surplus.

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Making Battery Energy Storage an integral part of ‘Net-Zero’

In the Indian context, the country’s commitment to ‘net-zero’ is evident through its ambitious targets of achieving 500 GW of clean energy installation capacity by 2030.

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NLC India to raise funds via IPO of arm for clean energy expansion: CMD

The company also plans to arrange soft loans from foreign companies and banks for this purpose, the CMD explained.

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USIBC recommends PLI for media, entertainment industry in upcoming Budget

USIBC also urged the Indian government to promote the sustainable growth of the energy sector by upholding free-market principles, which will attract investments and enhance energy security.

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India has ramped up its wind and solar energy. It now needs to expand places to store it

The country's lithium ion battery storage industry - which can store electricity generated by wind turbines or solar panels for when the sun isn't shining or the wind isn't blowing - makes up just 0.1% of global battery storage systems.

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India makes major progress on residential solar rooftop scheme PM Surya Ghar

The scheme seeks to install solar rooftops on 1 crore households

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Power minister Manohar Lal reviews Himachal’s urban and power sector developments

The meeting underscores a collaborative approach towards fortifying Himachal Pradesh's power sector and aligning it with the national vision for sustainable and efficient energy use.

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India's renewable energy capacity surges to 195 GW, focus on green hydrogen

The minister pointed out that under the SIGHT (Strategic Interventions for Green Hydrogen Transition) programme, tenders for 4.12 lakh tonne per annum have been awarded to 10 companies.

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As India surpasses China in steel development, environmental concerns loom large

The GEM report, which tracks the advancements in the steel industry, highlights a striking contrast in the global shift towards greener production methods and India's ongoing projects.

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Solar-power projects in Puerto Rico get $861-million US loan guarantee

The projects comprise 200 megawatts of photovoltaic solar panels and up to 285 MW of stand-alone battery energy storage capacity. The solar arrays will power about 43,000 homes, it said.

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DVC to be corporatised, divided into 3 entities keeping ownership intact

The Damodar Valley Corporation (DVC), India's first multipurpose river valley project, will be corporatised, unbundling into at least three entities for transmission, generation, and distribution to improve efficiency.

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IREDA to invest ₹290 crore in Nepal’s 900 MW hydroelectric project

This investment marks a strategic initiative in collaboration with SJVN Limited to establish the 900 MW Upper Karnali Hydro-Electric Power Project, contingent on approvals from the Government of India and other regulatory bodies.

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Global energy leaders target sustainable solutions at BRICS energy partnership forum

Ram Nath Thakur, Minister of State for Agriculture and Farmers Welfare, Government of India, emphasized India's commitment to tripling its renewable energy capacity by 2030.

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Tata Power boosts capex to Rs 20,000 crore, focuses on renewable energy and grid enhancement

In his address, Chandrasekaran detailed the company's strategy to accelerate its renewable energy portfolio and strengthen transmission and distribution infrastructure.

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Tata Power boosts capex to Rs 20,000 crore, focuses on renewable energy and grid enhancement

In his address, Chandrasekaran detailed the company's strategy to accelerate its renewable energy portfolio and strengthen transmission and distribution infrastructure.

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Necessary steps needed to develop Ayodhya, other municipal bodies as solar cities: UP CM

Adityanath informed that there is considerable enthusiasm for the PM Surya Ghar Muft Bijlee Yojana, with over 18 lakh people having registered for the programme.

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Sumant Sinha appointed co-chair of global CEO climate alliance, pledges major carbon cuts

Sinha joins an esteemed circle of global business leaders in this role, collaborating with notable figures such as Ester Baiget, CEO of Novonesis, and Jesper Brodin, CEO of Ingka Group Ikea.

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