Record mineral production in India: Iron ore and limestone lead, aluminium grows

In the initial month of FY 2024-25, both minerals have shown a steady increase in production compared to the same month last year. Iron ore production rose by 4% from 25 MMT in April 2023 to 26 MMT in April 2024. Similarly, limestone production increased by 2.1%, from 38.5 MMT to 39.3 MMT over the same period.

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Rooftop solar installations fall 26 per cent to 367 MW in January-March: Report

India added 367 MW of rooftop solar in the March quarter. Installations fell nearly 10 per cent quarter-over-quarter from 406 MW and dropped over 24 per cent year-on-year from 485 MW, the report titled 'Q1 India Rooftop Solar Market' said.

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Adani Green risks missing targets: Report

The renewable energy unit of billionaire Gautam Adani's empire is at risk of missing key growth targets unless it resorts to a share issue to consolidate its finances, according to a report by London-based Snowcap Research.

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Plural Energy raises $2.33 million to drive clean energy investments

The platform will soon offer its first tokenized investment asset, a portfolio of solar projects developed by Solaris Energy, which is scheduled to go live later this summer.

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Gautam Adani, Japanese envoy Hiroshi Suzuki hold talks on renewable energy project

Gautam Adani, Chairman of the AdGroup, shared insights from his meeting with Ambassador Hiroshi Suzuki of Japan at Mundra Port and the world's largest Hybrid Renewable Energy Park in Khavda.

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Gautam Adani, Japanese envoy Hiroshi Suzuki hold talks on renewable energy project

Gautam Adani, Chairman of the AdGroup, shared insights from his meeting with Ambassador Hiroshi Suzuki of Japan at Mundra Port and the world's largest Hybrid Renewable Energy Park in Khavda.

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Power of green: Guidelines soon to plug Goa into clean-energy targets

In govt’s view, the strategic scope of partnership for the implementation of the roadmap covers capacity-building, technical, and financial categories.

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National experts gather at IIT Delhi to forge path for AI in climate science

At the conclave, Prof. Abhay Karandikar, Secretary, DST, emphasized the critical advancements under the department's National Mission for Sustaining Himalayan Ecosystem (NMSHE) and the National Mission on Strategic Knowledge for Climate Change (NMSKCC).

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DP World's ICTT Cochin handles record container vessel, surpasses 7 million TEUs

The MSC MARA, measuring 364 meters in length and 51 meters in width with a capacity of 15,934 TEUs, is one of the largest container vessels to dock at an Indian port, and the largest at ICTT Cochin, India’s first transshipment terminal.

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Manufacturing, EV sectors propel Indian PE-VC investments to $39 billion in 2023

The EV market is also expected to experience robust deal activity, particularly among OEMs that are planning capacity expansions or new product introductions, and in the charging infrastructure, including battery-swapping players looking to expand their geographic footprints or venture into new EV segments.

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What caused the magical burst of solar capacity growth in first quarter of 2024

This surge is part of a broader addition of 15.2 GW of new power capacity during this period, with solar energy contributing a dominant 66% of these additions.

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Oil companies fined for flouting board norms

In separate filings, the companies detailed the fines for either not having the requisite number of independent directors or the mandated women director, but were quick to point out that appointments are done by government.

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IndiGrid revenue up 31% to ₹7,856 million, NDCF grows 30% in Q4

The latest financial figures include contributions from solar assets acquired through Virescent Renewable Energy Trust (VRET) and revenue from RSUPL for part of the quarter.

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Opinion: Solar hits above its weight in powering US energy transition

On a day-to-day basis, solar plants can have such disruptive influence on system electricity flows that utilities have been forced to develop capabilities to rapidly curtail output from other sources and store surplus power for later use.

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Avaada Energy bags 1,050 MWp solar project

The company has secured the project at a tariff of INR 2.69 per kWh, which is expected to be completed within 24 months of signing the 25-year Power Purchase Agreement (PPA), Avaada Energy said.

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Avaada Energy bags 1,050 MWp solar project

The company has secured the project at a tariff of INR 2.69 per kWh, which is expected to be completed within 24 months of signing the 25-year Power Purchase Agreement (PPA), Avaada Energy said.

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India must triple renewable installations, boost investments to meet 2030 goals

The investment landscape also reflects a slight downturn, with investments in the renewable sector dropping from US$11.7 billion in FY 2022-23 to US$11.4 billion in FY 2023-24.

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Heatwave drives Delhi's power demand to historic 8000 MW peak

This record-breaking demand marks the fifth consecutive day that Delhi's peak power demand has exceeded 7000 MW, eclipsing the previous May high of 7070 MW recorded on May 19, 2022.

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Hitachi Energy Q4FY24 profit surges by 124%, order book at ₹7229.5 crore

During the quarter that ended on March 31, 2024, Hitachi Energy posted a total of ₹1406.7 crore in order, reflecting an increase of 13.9% quarter-over-quarter and 11.5% year-over-year.

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Reliance signs up with Norway's Nel for hydrogen electrolysers

Ambani, Asia's richest man who built his fortune on fossil fuels, in 2022 announced plans to invest USD 75 billion in renewables infrastructure including generation plants, solar panels and electrolyzers.

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Kalpataru Projects International bags SAR 3.4 billion contracts from Aramco

The company signed the three contracts for a contract value of SAR 3.4 billion (presently equivalent to Rs 7,550 crore) on Sunday, KPIL said in a regulatory filing.

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As seas go green, methanol leads the way over ammonia in shipping fuel: Jakson Green CEO

Ogra elaborated on the economic hurdles associated with this transition, noting the significant cost differential with green methanol costing nearly three times more than conventional fuels.

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Jakson Green to invest ₹3,500 crore in RE utility, including green hydrogen projects

The company, which began operations just under two years ago, has already achieved a global solar project capacity of 5 gigawatts-peak (GWp), including 1 GWp of assets that it directly owns.

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India plans to scale up green hydrogen production, aims for global leadership: MNRE Secretary

"With a strategic focus on scaling up production, India aims to capitalize on emerging opportunities in the international market for green hydrogen, thereby reinforcing its position as a key player in the global energy transition," Bhalla stated.

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India's EV revolution: Green premiums turn to green discounts as market matures

The pivot from premiums to discounts can largely be attributed to substantial investments in the sector, along with strategic policy support from the Indian government.

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India plans to scale up green hydrogen production, aims for global leadership: MNRE Secretary

"With a strategic focus on scaling up production, India aims to capitalize on emerging opportunities in the international market for green hydrogen, thereby reinforcing its position as a key player in the global energy transition," Bhalla stated.

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India's oil demand surges to 4.5 million barrels per day, aims for top demand hub by 2030

The report also highlights a notable shift in India’s oil importation patterns, with imports of Russian crude oil surging to 40% of total imports by 2023, up from just 5% in 2019.

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Global Energy Shift: ET Energy Leadership Summit in New Delhi to set the agenda for 2047

Gathering under the grand arches of this historic city are the world's foremost energy leaders, visionaries, and influencers, all converging to forge the roadmaps that will guide the future of global energy.

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Rajasthan aims for 90 GW of renewable energy by 2030, focus on solar and wind

He emphasized the role of consumers in pushing companies toward sustainability and highlighted the need for public excitement about a sustainable and net-zero future.

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'Shift to Green': 71.5% of India's Q1 13,669 MW from renewables, coal below 50% for 1st time in decades

This surge in renewable capacity signifies a pivotal shift in India's energy landscape, as the share of coal, including lignite, in total power capacity fell below 50% for the first time since the 1960s, according to a new research report by IEEFA South Asia, Ember, and JMK Research.

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'Shift to Green': 71.5% of India's Q1 13,669 MW from renewables, coal below 50% for 1st time in decades

This surge in renewable capacity signifies a pivotal shift in India's energy landscape, as the share of coal, including lignite, in total power capacity fell below 50% for the first time since the 1960s, according to a new research report by IEEFA South Asia, Ember, and JMK Research.

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CBI probing MMTC coal import 'scam'

The probe started only after the MMTC suffered a jolt in the Supreme Court, which had ordered an arbitration case in favour of the Australian company. The MMTC had to deposit Rs 1,088 crore in the Delhi High Court.

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Exicom launches India's 'fastest' DC chargers for electric vehicles

The chargers come in three frame sizes offering modular construction that provides power outputs ranging from 60 kW to 400 kW.

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Anglo American rejects BHP's improved takeover bid

BHP's latest colossal offer, which seeks also to reshape the global mining landscape, comes after its initial £31.1-billion, or $39 billion, approach had been rebuffed last month.

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Cairn Oil & Gas reports 19% increase in reserves, hits 1.4 billion barrels

Cairn's Reserve plus Resource additions have surpassed production, resulting in a Resource Replacement Ratio (RRR) of 533 per cent, a five-fold increase from the previous fiscal year's RRR of 108 per cent.

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Radiance to raise $150 million for 2GW expansion, introduces robotic solar cleaning

"We are in the advanced stages of raising $150 million to support our growth ambitions," Sangameswaran said. He emphasized that this capital will ensure financial stability as Radiance scales up operations and embarks on new projects.

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Govt hosts workshop on green hydrogen standards, launches dedicated portal

The portal was launched jointly by Principal Scientific Advisor to Government of India Prof. Ajay Kumar Sood and Secretary, Ministry of New and Renewable Energy, Bhupinder S. Bhalla.

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ReNew signs 2.2 GW PPAs, expands portfolio to 15.6 GW

The five PPAs include three solar agreements totaling 800 MW with NTPC Limited, Damodar Valley Corporation, and Solar Energy Corporation of India Limited at a weighted average tariff of ₹2.59 per kWh.

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BPCL posts record annual profit of ₹26,674 crore for FY24, plans major expansion

The net profit for the fourth quarter of FY24 was ₹4,224.18 crore, down from ₹6,477.74 crore in the corresponding quarter of the previous fiscal year. Consolidated net profit for Q4 FY24 was ₹4,789.57 crore, compared to ₹6,870.47 crore in Q4 FY23.

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Hydrogen fuel of future, vehicles will run on green fuels in coming years: Gadkari

Addressing an election rally in support of BJP leader and Union minister Giriraj Singh in Begusarai, Gadkari said, "India imports fossil fuel every year... soon, our farmers will produce green fuels."

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BP profit slides by 40% as refinery outage offsets higher output

The London-based company held its dividend at 7.27 cents per share and maintained the rate of its share buyback programme at $1.75 billion over the next three months, similar to the previous quarter.

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Renewable energy a key focus in strengthening India-Ghana trade relations

The discussions, co-chaired by Amardeep Singh Bhatia, Additional Secretary, Department of Commerce, India, and Michael Okyere-Baafi, Deputy Minister for Trade and Industry, Ghana, emphasized enhancing bilateral cooperation in renewable energy alongside other sectors.

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TI Clean Mobility to raise Rs 580 cr from GEF Capital Partners

TII Executive Vice Chairman, S Vellayan said,"GEF is renowned for their commitment to environmental stewardship and their investment in TICMPL validates our vision and strengthens our resolve to provide cleaner commercial mobility solutions."

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Asian markets eye upturn in oil output post Angola's OPEC exit: S&P Global

Major importers such as China, South Korea, Thailand, and India anticipate heightened flexibility in sourcing as Angola ramps up its oil supply.

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Understanding the Green Hydrogen landscape in India: Demand from industries, global collaborations are the key

According to the International Renewable Energy Agency (IRENA), the green sector employed 11 million people in 2018, with projections of over 42 million jobs by 2050, highlighting its potential to create new industries and jobs.

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India's mineral production rises 7.5% in FY24; iron ore, limestone record high outputs

The index for the fiscal year 2023-24 saw a substantial increase of 7.5% over the previous fiscal year, underlined by record outputs in several key minerals.

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Tata Power Renewable signs PPA for 460 MW FDRE project with SJVN

This project is set to integrate solar, wind, and battery storage technologies to deliver continuous power, especially during peak demand hours.

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AGEL secures $400 million financing for 750 MW solar projects

The Rajasthan project, with a capacity of 500 MW, has a long-term power purchase agreement (PPA) with the Solar Energy Corporation of India (SECI).

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Impact investor LeapFrog planning investments in Energy, Mobility, Agri and Built Environment

The focus is part of a larger strategy to support businesses that provide for low-income emerging consumers and at the same time gain from the emergence of the "green discount" in some sectors and geographies.

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India eyes 5 million tonnes of green hydrogen by 2030 with new technologies

Nornickel, a leading supplier of base and precious metals for green technologies, introduced its palladium-based developments to Indian experts, suggesting their products can improve the efficiency of green hydrogen production. Palladium's unique properties allow it to split hydrogen molecules into atoms, pass them through the metal, and reunite them into molecules again, enabling the production of ultra-pure hydrogen. Tests in Russia showed a threefold increase in activity for an electrolyzer catalyst with 30% palladium, and a fourfold increase in throughput for a palladium tubular membrane in hydrogen production.

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Govt sets May domestic gas price at $8.90/mmbtu, with ONGC/OIL ceiling at $6.50/mmbtu

The PPAC’s notification also states that for gas produced by Oil and Natural Gas Corporation (ONGC) and Oil India Limited (OIL) from their nomination fields, a ceiling price of $6.50/mmbtu on a GCV basis will apply for the same period.

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Delhi breathes easier: April 2024 sees air quality spike

In comparison, April 2023 saw 17 such days, zero in 2022, 18 in 2021, 30 in 2020, 12 in 2019, and 8 in 2018, according to the Commission for Air Quality Management in NCR and Adjoining Areas (CAQM).

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India's natural gas production increases by 6.2% in March 2024

The report shows net production for sale at 2,571 mmscm, marking a 5.7% increase year-on-year. This reflects continued progress in domestic production by companies including ONGC, OIL, and various joint ventures.

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Delhi breathes easier: April 2024 sees air quality spike

In comparison, April 2023 saw 17 such days, zero in 2022, 18 in 2021, 30 in 2020, 12 in 2019, and 8 in 2018, according to the Commission for Air Quality Management in NCR and Adjoining Areas (CAQM).

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Adani Energy Solutions' Q4 net profit falls 13% to Rs 381 cr

Its net profit after tax was at Rs 439.60 crore in the January-March period of the preceding 2022-23 financial year, the company said in an exchange filing.

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