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.

from Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/RLOzlNj

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.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/d86jAF5

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.

from Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/lUb2wur

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.

from Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/kEfZ4v2

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.

from Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/ABmY6f5

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.

from Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/hsz3OEH

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.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/laomgJ3

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.

from Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/8kcgFZ5

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.

from Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/QEv6WGd

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

from Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/2zG9hb5

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.

from Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/T9eIGVb

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.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/jgasRVz

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.

from Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/jgasRVz

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.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/eKOoRm4

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.

from Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/T4N2Il3

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.

from Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/uQBntHb

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.

from Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/9arPQCW

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.

from Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/XBKiYaF

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.

from Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/F1AyuGd

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.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/MJlqHOK

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).

from Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/mJCWlbu

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.

from Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/JqZLGHj

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.

from Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/1fPRzFY

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.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/LraIUyx

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.

from Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/l7Zi9Co

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.

from Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/LraIUyx

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."

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/xOlAhJp

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.”

from Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/h9zV3TA

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.

from Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/1zIRqE0

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.

from Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/pfPc0xO

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).

from Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/Mq8oebw

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.

from Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/9fjhV1K

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.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/CGv3N5p

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.

from Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/zZhxV0G

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.

from Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/QXdZwYW

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.

from Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/dWneHxa

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.

from Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/ukcCvVP

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.

from Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/9LTfcvg

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.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/cjAkWb7

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.

from Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/TtM63g1

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.

from Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/IqD5EAl

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.

from Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/87E2fSR

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.

from Top Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/MG8NqVY

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.

from Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/GDHilvQ

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.

from Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/ENBpDX1

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'.

from Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/HZyXjSq

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.

from Energy News | Latest Energy Industry Information and Updates: ET EnergyWorld : ETEnergyworld.com https://ift.tt/SgMWU96