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Sustainability Outlook Headlines

Maharashtra: MSEDCL ups its price to woo solar power makers

In view of the poor response to its tender for buying 1,350MW solar power, state discom MSEDCL has increased the maximum price to attract producers. The company had floated tenders for buying 1,350MW with a cap of Rs3.15 per unit but got bids for only 5MW. Now it has increased the cap to Rs3.30 per unit and floated the tender again. The developers will have to set up solar projects, including the transmission and distribution network, up to the delivery point at their own cost. It will also include acquiring necessary approvals, permits and clearances. The projects would be selected... Read more..

Source: ET Energy World

Climate change threatens around half of world GDP, says WEF study

Flagging huge risks to the economy from dangers of biodiversity loss and climate change, a WEF study on Sunday said businesses are more than dependent on nature with an estimated exposure of $44 trillion or half of the world GDP. Releasing the Nature Risk Rising Report ahead of its 50th Annual Meeting, the World Economic Forum said about 25 per cent of our assessed plant and animal species are threatened by human actions, with a million species facing extinction, many within decades. China, the EU and the US have the highest absolute economic value in nature-dependent industries. An... Read more..

Source: Business Standard

India needs land size of Himachal or Chhattisgarh to achieve renewable energy target: Research

India needs a total land footprint roughly the size of Himachal Pradesh or Chhattisgarh to achieve its ambitious target of 175 giga watts (GW) renewable energy by 2022, according to a latest research. "Total land footprint needed to meet India's renewable energy target is large, ranging from approximately 55,000 to 125,000 square km or areas, roughly the size of Himachal Pradesh or Chhattisgarh, respectively," the research, titled 'Renewable Energy and Land Use in India: A Vision to Facilitate Sustainable Development', stated. It has been conducted by environmental think tanks working... Read more..

Source: The Deccan Herald

India needs 50 GWh of battery storage within 2.5 yrs for planned EV transition: NITI Aayog official

India will need 50 gigawatt hour (GWh) of battery storage capacity over the next two-and-a-half years to support the projected growth in renewable energy and meet the national electric mobility target, a senior NITI Aayog official said. “If India moves on the projected path of adoption of electric vehicles and the battery storage, adoption of the renewable sources of energy, the requirement for the next 2.5 years should be 50 GWh of the battery storage (sic),” Aayog’s Principal Consultant for mobility Anil Srivastava said speaking at India Energy Forum-Renewable Energy Summit here.... Read more..

Source: EQ International

Energy Storage Industry Seeks Relief in Sitharaman’s Budget 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 Budget, the energy storage industry is expecting various measures including cut in goods and services tax (GST) rate for Lithium-Ion (Li-Ion) batteries, funds for Giga factory manufacturing and R&D initiatives in the country, tax relief for solar plus storage users among others. Thus, in order to provide further... Read more..

Source: Saur Energy International

Amazon India to add 10,000 electric vehicles to its delivery fleet by 2025

Amazon India on Monday said its fleet of delivery vehicles in the country will include 10,000 electric vehicles (EVs) by 2025. The move follows successful pilots across different cities last year, learnings from which have helped Amazon India create scalable and long-term EV variants to build this fleet, the online retailer said. These EVs are in addition to the global commitment of 100,000 electric vehicles in the delivery fleet by 2030, announced in the Climate Pledge signed by Amazon. Amazon India aims to reduce carbon emissions and the environmental impact of delivery operations with... Read more..

Source: Livemint

China’s Great Wall Motors to acquire GM’s Talegaon plant

China’s Great Wall Motors Co. Ltd (GWM) is set to acquire General Motors’ (GM) Talegaon manufacturing plant near Pune, the two companies said on Friday, without divulging financial details. Two people aware of Great Wall’s plans said, requesting anonymity, that the company has earmarked ₹1,500-2,000 crore to establish its brand in the Indian market. “The total investments will include the cost of acquiring the Talegaon plant, which could be about ₹700 crore, along with equipment installations, assembly lines, new product development, manpower and processes, among others," said the first... Read more..

Source: Livemint

Jaipur-based EV Startup BattRE in talks with 10 venture capitalists to raise funds

Jaipur-based electric vehicle (EV) startup BattRE Electric Mobility is currently in talks with 10 venture capitalists to raise Rs 7 crore in a funding round scheduled in March, Chief Executive Officer Nishchal Chaudhary told ETEnergyworld in an exclusive interview. "We have so far invested around Rs 2.5 crore and plan to raise $1 million in a funding round in March this year for the next phase of growth," Chaudhary said. He also added that the company is likely to close this financial year with a revenue of Rs 11 crore and the revenue is expected to jump to around Rs 100 crore next fiscal... Read more..

Source: ET Energy World

Hero Cycles targets 5% of global e-bike market

Bicycle major Hero Cycles is riding on its overseas acquisitions to plan carve out a 5% share of the global electric bikes market. The company which has recently acquired a strategic stake in German premium e-bike manufacturer HNF Group — together with German investment trust holding IBG Beteiligungsgesellschaft Sachsen-Anhalt mbH — will use the new joint venture to emerge as a new full-range supplier on the European e-bike market. Earlier, Hero Cycles acquired Avocet Sports and set up a Global Design Centre in Manchester to establish a presence in the UK market. The latest German... Read more..

Source: The Times of India

Tata Tigor EV Becomes the Most Sold Electric Car in India, Clocks 669 Units Between April-December

As India extensively pushes for electric vehicles in the country, manufacturers are scrambling for a piece of the pie to establish their stand. New entrants such as MG Motor will launch its second model in India in the form of the ZS electric SUV. Last year from April to December, however, Indian auto giant Tata Motors led the electric revolution with the Tigor EV as it sold 669 units of the car. The Tata Tigor EV was initially launched for Government fleet but was launched for personal use last year. The extended range version of the electric sedan came with a range of 213 km, certified... Read more..

Source: News 18

MG’s electric ZS SUV outsells EVs of M&M, Tata and Hyundai at launch

MG Motors has bagged over 2,100 bookings for its upcoming electric vehicle, the ZS SUV, and this is more than the combined EV sales of Mahindra & Mahindra, Tata Motors and Hyundai in 2019. The car hits the road later this month, and is likely to cost under Rs 20 lakh. The company has decided to close the bookings for its first EV (that gets launched in only five cities), and is now planning to display a series of electrics at next month’s Auto Expo at Greater Noida, where it will also display the concept of a sub-Rs 10 lakh electric (exclusive picture in inset). The concept will be... Read more..

Source: The Times of India

Keppel unit to provide technology for waste-to-energy plants in India

KEPPEL Seghers Belgium, a wholly-owned subsidiary of Keppel Corp's infrastructure arm, has secured contracts worth more than 12 million euros (S$18 million) to supply technology and services to waste-to-energy plants in India. Keppel Corp said on Monday that Belgium-based Keppel Seghers will provide the core equipment, design and technical services for the plants' air-cooled grate and vertical boiler. The contracts were signed with Abellon Clean Energy, which owns the plants and is based out of Gujarat in India. When completed, the facility can effectively reduce the volume of waste that... Read more..

Source: The Business Times

India needs structural reforms to boost growth, policymakers should lead way for climate action: UN report

In the face of an economic slowdown, India needs to continue structural reforms necessary to boost growth, said a United Nations report Friday. The UN report ‘World Economic Situation and Prospects 2020 (WESP)’ stated that, “The combination of fiscal stimulus and financial sector reforms, boosting investment and consumption, is expected to support a recovery in growth to 6.6 per cent, but it will take continued structural reforms to bring India’s growth back to its previous levels.” Even as the report expressed hope that a combination of fiscal stimulus and financial sector reforms will... Read more..

Source: The Indian Express

India’s renewable energy generation registers lowest growth in 4 years

India’s renewable energy generation grew at a dismal pace of 5.22 per cent in the first eight months of the current financial year (April-November 2019), the lowest rate of growth in the past four years since 2015-16, according to fresh data sourced from the Central Electricity Authority (CEA), an arm of the power ministry. The combined generation from solar, wind, small hydro and biomass and bagasse based power plants stood at 93.69 billion units (BUs) in the April-November period, the CEA’s monthly Executive Summary report for November 2019 showed. This is against 89.04 BUs of green... Read more..

Source: ET Energy World

SECI's wind energy tender gets cold response for fourth time

State-owned Solar Energy Corporation of India's 1,200 MW wind tender has failed to get the minimum number of bids for the process to continue, the fourth time in a row, highlighting the difficulties faced by the country’s wind industry. Solar Energy Corporation of India (SECI), the renewable energy ministry's nodal agency that is responsible for conducting wind and solar auctions, had issued the tender on Friday with a ceiling tariff of Rs 2.93 per unit. A senior official of SECI confirmed the development, requesting not to be named. “The deadline for bidding would be extended to January... Read more..

Source: ET Energy World

India will have 225 GW of renewable energy capacity by 2022, including large hydro: MNRE Secy

India will have an installed renewable energy generation capacity of 225 Gigawatt (GW) by 2022, including large hydro projects, Anand Kumar, Secretary at the Ministry of New and Renewable Energy (MNRE), said today. Speaking at an industry event here, Kumar said the ministry is not only confident of achieving the 175 GW target of RE by 2022 but will exceed the set target, adding the country had 14.7 GW of installed RE capacity in 2010 which has grown to 86 GW now. "Currently under 36 GW of RE projects are under various stages of installation and additional 30 GW projects are under various... Read more..

Source: ET Energy World

SC seeks Centre’s reply on PIL for converting public transport, govt vehicles into electric ones

The Supreme Court on Friday sought response of the Centre on a PIL seeking implementation of its policy on gradually converting all public transport and government vehicles to electric vehicles to curb air pollution and carbon emission. A bench headed by Chief Justice SA Bobde took note of the plea filed by the Centre for Public Interest Litigation, an NGO, alleging that the government has not done enough in pursuance of its own policy of converting public transport and government vehicles into electric vehicles. The bench, which also comprised justices BR Gavai and Surya Kant, issued... Read more..

Source: The Hindu Business Line

Renewable Investments up 1% YoY in 2019, India Records 14% Less

Investments in renewable energy capacity worldwide was USD 282.2 billion last year, up 1 percent from 2018’s USD 280.2 billion, with the world’s biggest market (China) slipping back, but it’s second-largest (the US) hitting a new record. India, on the other hand, saw an investment of only USD 9.3 billion, into green energy, 14 percent less than in 2018. The latest data from research company BloombergNEF (BNEF), shows how what had been a subdued first few months of 2019 gave way to a busier second half, with the highlights including US onshore wind and, in particular, offshore wind in China... Read more..

Source: Saur Energy International

India to come up with S&T Innovation Policy soon

India in next six months will draft a National Science and Technology Innovation Policy to devise country’s strategy to tackle emerging challenges, said Dr K VijayRaghavan, Principal Scientific Advisor to the Prime Minister on Thursday. “The last time, we had a policy on science was in 2013, which was drafted by the Science Advisory council, of which I was a member. It was good, but there were some issues which had to be rectified. The new Science and Technology Innovation policy which we plan to bring now, would be more forward looking," said Raghavan. The new policy to be helmed by the... Read more..

Source: Livemint

First Session Of India-Norway Dialogue On Trade & Investment (DTI) Convened

The first Session of India-Norway Dialogue on Trade & Investment (DTI) was convened in New Delhi on 15-16 January, 2020. The session was based on the Terms of Reference (ToR) signed between India and Norway on 8th January, 2019 in New Delhi, during the visit of Prime Minister of Norway. This was the first meeting after the signing of DTI. The first Session was preceded by an industry interaction on 15th January, 2020 with the representatives from Indian industry, where discussions were held on various areas of mutual interest likeblue economy, shipping & maritime, ICT, renewable... Read more..

Source: Business Standard

TVS Electric Scooter Spotted On Test

A highly camouflaged electric scooter prototype has been spotted undergoing test runs near TVS Motor Company's factory in Hosur, Tamil Nadu. According to a report, the prototype scooter spotted and filmed by an enthusiast, has the characteristic whine of an electric motor, and has even published a video of the prototype scooter undergoing test runs. And from the video, it's clear that the camouflaged test mule resembles the sharp and sporty styling of the TVS Creon concept which was showcased at the Auto Expo 2018. While the front apron of the test mule looks similar to the Creon concept,... Read more..

Source: NDTV Car and Bike

Sea level rise to impact more population in Asia, including India: Moody’s report

The rise in sea level due to global warming will impact more people in Asian countries than any other region, Moody’s said in a report on the consequences of this inevitability and credit risk to such sovereign nations. Stating that Sovereigns in Asia, Middle East and North Africa (MENA) and small islands were most exposed to rising sea levels, Moody’s said “ In absolute terms, the largest populations exposed are in Asia, including Bangladesh (Ba3 stable), China (A1 stable), Indonesia (Baa2 stable), and India (Baa2 negative).” “Some high-income economies, such as Japan (A1 stable) and the... Read more..

Source: The Hindu

Maharashtra: MSEDCL proposes astronomical GSC for solar rooftop

Even as solar rooftop consumers were celebrating the relief given to them by Maharashtra Electricity Regulatory Commission (MERC), MSEDCL has dropped a bombshell. It has proposed astronomical grid support charges, which will make solar power costlier than its own power.

The discom, it seems, is hell bent on scuttling the nascent solar sector in the state. MERC will have to once again reject its petition to save solar consumers.

MERC had recently dismissed the discom’s petition to make net billing compulsory instead of net metering. It had, however, allowed MSEDCL to levy grid... Read more..

Source: ET Energy World

BMTC board gives nod to procure new buses

In a relief for passengers, a Bangalore Metropolitan Transport Corporation (BMTC) board meeting on Tuesday approved the procurement of new buses.

BMTC board has approved the procurement of 1,500 BS-VI diesel buses after the approval from the state government. BS-VI emission norms will come into effect from April 1,2020 in the country.

The board has also approved to induct 90 electric Metro feeder buses (9 metres long) which will be funded by Bengaluru Smart City Ltd. These which will be tendered soon will be deployed in major Metro stations across the city.

The board... Read more..

Source: The Times of India

Honda to start testing electric two-wheeler in India in 2020

Honda, India's second-largest two-wheeler maker, may finally jump onto the electric vehicle bandwagon as it prepares to take consumer feedback on a test vehicle later in the year.

The Japanese giant is the only scooter and motorcycle making company that was yet to firm up plans about electric scooters or electric bikes even as its rivals have been discussing launch plans of such vehicles.
Speaking on the sidelines of the launch of Activa 6G Minoru Kato, president, CEO and MD, Honda Motorcycle and Scooter India, said: "We will start testing an electric vehicle in India that... Read more..

Source: Money Control