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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