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Energy Storage Industry Seeks Relief in Sitharaman’s Budget 2020

By : Sustainability ..., Jan 20, 2020

Powered by expectations of favourable Budget from the Finance Minister Nirmala Sitharaman on February 1, the energy storage industry body India Energy Storage Alliance (IESA) has provided its recommendations for the upcoming Union Budget 2020. From Sitharaman’s second Union...

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Government in the process of finalizing new energy policy: NITI Aayog Additional Secretary

By : Sustainability ..., Nov 28, 2019

Government thinktank NITI Aayog‘s additional secretary (Energy) R.P. Gupta has informed that the Indian government is in the process of finalizing an energy policy for the country. “The new policy will address the issues of accessibility and affordability, energy security,...

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India to build 30 gigawatts of renewable plants along western border

By : Sustainability ..., Oct 18, 2019

India is considering building 30 gigawatts of renewable energy capacity along a desert on its western border known for its sunny, windy and arid expanse, according to people familiar with the plan. The projects, which will be spread across the states of Gujarat and Rajasthan...

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India Steps Up Efforts To Develop Cost-Effective Clean Energy Storage Capacities

By : Sustainability ..., Sep 18, 2019

India is fast moving towards its target of installing 175 GW of renewable energy by 2022, but its benefit can be reaped only through cost-effective storage capacities. The Centre has, therefore, stepped up efforts to find solutions which can be scalable and reach the common...

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Mumbai-born researcher invents alternative to Li-ion batteries

By : Sustainability ..., Sep 9, 2019

Mumbai-born scientist Dr Gautam Yadav has invented a new high-voltage, energy-dense rechargeable manganese dioxide (MnO2) zinc|(Zn) battery, which could be an alternative to Li-ion batteries that have dominated the energy storage landscape for decades. “High voltages in Li-...

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IOC to invest Rs 2 trn in 5-7 yrs, develop a new energy storage technology

By : Sustainability ..., Aug 29, 2019

State-run Indian Oil Corporation (IOC) will invest Rs 2 trillion over the next five to seven years, the company’s chairman told shareholders on Wednesday. The company is also at an advanced stage of developing a new energy storage technology. “Indian Oil has planned a Rs 2...

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State should utilise potential in energy conservation sector: BEE

By : Sustainability ..., Aug 6, 2019

The Bureau of Energy Efficiency (BEE) has sought the views of Andhra Pradesh in formulating the new Energy Conservation Act. The agency will conduct a consultation meetings with stakeholders on...

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Energy storage will attract $662 bn investments through 2040; China, US, India to lead the pack

By : Sustainability ..., Aug 1, 2019

Global energy storage installations are set to multiply exponentially, from a modest 9 Gigawatt (GW)/17 Gigawatt Hour (GWh) deployed as of 2018 to 1,095 GW/2,850 GWh through 2040 led by China,...

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JSW Energy plans to raise $750 m via bonds; to use funds for expansion, debt repayment

By : Sustainability ..., Jul 25, 2019

Sajjan Jindal-led JSW Energy plans to raise around $750 million from international bond sale to fund expansion plans as well as to repay some of its existing debt of over ₹10,050 crore. The...

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India’s Greenko & Sembcorp Receive Funding For Renewable Energy Expansion

By : Sustainability ..., Jul 22, 2019

Bond payment defaults and renegotiations of wind and solar power projects are proving to be a challenge in India. Even as the Indian renewable energy sector struggles with these stressful...

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