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Sustainability Outlook Headlines

MNRE Asks States to not Halt Payments for RE Generators

The Ministry of New and Renewable Energy (MNRE) has asked states to continue to buy power from renewable energy producers and clear their dues “on a regular basis as was being done prior to the lockdown”. The MNRE on April 1, 2020, wrote to all states and electricity distribution companies (Discoms) after renewable energy producers complained that some states were curtailing purchase and payment for electricity generated from sources such as solar energy. In the letter, the ministry said the power ministry has recently issued instructions providing for a moratorium to Discoms for making... Read more..

Source: Saur Energy International

Covid-19 will result in greater income inequality and unemployment, says Kaushik Basu

Coronavirus will go, but the kind of world it will leave behind will be a very different one than now. There are widely varying views on how the new world will look, with each expert looking at it from his or her perspective. Dr Kaushik Basu, Professor of Economics at the Cornell University, US, and former Chief Economic Adviser to Government of India, believes that income inequalities will rise after the coronavirus episode. He feels, “we will come out into a much more automated world.” These months of working from home “will cause a jump in our level of comfort” with technologies such as... Read more..

Source: The Hindu Business Line

New Development Bank invests $100m in India

The New Development Bank (NDB) has approved a $100 million (£80m) investment in India. The funding aims to catalyse the private sector to further boost affordable housing and green infrastructure in the South Asian nation. The bank’s project pipeline for 2020 covers sustainable development projects in all its member countries. The NDB board has also approved a funding of $400,000 (£321,420) for the Kaliningrad Sea Port Project in Russia, in a bid to improve its infrastructure.

Source: Energy Live News

Need for green clearance way to achieve sustainable development, says SC

The need for environment clearance for a project must be seen as a measure to achieve sustainable development, the Supreme Court has said. The court ruled that the “concept of an ex-post facto EC (environmental clearance) is in derogation of the fundamental principles of environmental jurisprudence”, “detrimental to the environment, and could lead to irreparable degradation”. The reason why a retrospective EC or an ex post facto clearance is alien to environmental jurisprudence is that before the issuance of an EC, the statutory notification warrants a careful application of mind, besides... Read more..

Source: The Indian Express

About 15% EV dealers to shut shop post lockdown

More than 200 dealers or 15% of the 1,400 odd electric vehicle dealerships across the country will likely shut down once the Covid-19 lockdown is lifted, said the Society of Manufacturers of Electric Vehicles (SMEV), the apex body for the EV industry. EV manufacturers say most dealerships of two wheelers and e-rickshaws, particularly in tier -3 or 4 towns, are owned by first time entrepreneurs who don’t have the financial bandwidth to survive this crisis. Typically it is much cheaper to put up an EV dealership with overheads being as low as Rs 3-Rs 5 lakh. But that also means these small... Read more..

Source: The Times of India

COVID-19 and Indian PV: Energy demand plunge could indirectly boost C&I solar

The 20% reduction in energy demand seen in India due to the COVID-19 lockdown could draw out favourable conditions for solar firms working in the commercial and industrial (C&I) sector, according to a prominent Indian developer. Along with national energy demand plummeting, consumers are also more likely to default on payments at present, Adarsh Das, co-founder and CEO of Indian rooftop solar developer SunSource Energy, told PV Tech. This is expected to significantly hurt India’s distribution companies (Discoms), most of which are already in the red. “We predict an increase in the... Read more..

Source: PV Tech

Amid lockdown, India switches to BS-VI emission norms

Despite the lockdown, India on Wednesday officially moved to a regime of tighter emission norms for motorised two- and four-wheelers. At fuel stations, only the low-sulphur fuel that complies with Bharat Stage-VI emission norms will be sold; so will cars at stores, whose engines meet the stricter norms. Indian Oil Corporation started selling BS-VI fuel around March 17 at its 28,500 fuel stations, an official said. Bharat Petroleum Corporation Limited said on Twitter that it had rolled out BS-VI fuel across its network of over 16,000 fuel stations. The fuel outlets of Hindustan Petroleum... Read more..

Source: The Hindu

Maharashtra: Solar sector welcomes MERC’s new tariff order

Maharashtra Solar Sangathan, an umbrella association of over 1,000 solar system manufacturers in the state, has welcomed the latest tariff order issued by Maharashtra Electricity Regulatory Commission (MERC) for rooftop solar power units. While the power regulator has exempted the rooftop units from Grid Support Charges (GSC) till the cumulative installation of 2000 MW, the association has said the decision will give a breather to the rooftop solar industry, which was said to be in uncertainty for the past six months due to alleged policy paralysis. The association, however, has raised an... Read more..

Source: ET Energy World

Covid-19 lockdown: States stop renewable power purchase, hold back payments

Following the lockdown and fall in electricity demand, several states are now curtailing renewable power purchases and have also issued notices on non-payment to generators. These states have invoked Force Majeure clause in their power purchase agreements (PPA) with renewable projects to nix power supply and payment. While Punjab has told renewable power producers to run their units at their own cost and risk, Uttar Pradesh, Andhra Pradesh and Madhya Pradesh have refused payment and have stated that they are curtailing renewable power. Renewable power including solar, wind, small hydro and... Read more..

Source: Business Standard

SECI Extends Bid Deadline for 14 MW Solar Plus BESS Again

The Solar Energy Corporation of India (SECI) has extended the bid submission deadline for its tender for the development of 14 MW of solar power projects along with 42 MWh of Battery Energy Storage Systems (BESS) at Leh and Ladakh, Jammu and Kashmir under the Prime Minister Development Package (PMDP)-2015, for a second time in less than a month. As per the SECI notification, the last date for bid submission has been extended from April 16, 2020, to June 1, 2020. And, the techno-commercial bids will now be opened on the new bid deadline. In its notification, SECI stated that “it’s evident... Read more..

Source: Saur Energy International

NTPC set to expand green energy play with latest acquisitions

NTPC will increase its renewable energy play with its acquisition of the government’s stake in North Eastern Electric Power Corporation Ltd (NEEPCO) and THDC India Ltd (THDCIL). Last week, the Centre raised ₹11,500 crore by divesting its 74.49 per cent stake in THDCIL, in addition to completely selling off its stake in NEEPCO. THDCIL is a 75:25 joint venture between the Government of India and the UP government. “Apart from adding to the equity and earnings, NTPC will benefit from a 5 per cent capacity addition. With these acquisitions, NTPC will tap the hydro opportunity and is on road... Read more..

Source: The Hindu Business Line

CCI approves JV between Adani Green Energy and Total S.A. in power generation

The Competition Commission of India (CCI) approves the formation of Joint ventures between Adani Green Energy Limited and Total S.A. in the business of power generation through solar energy in India. The proposed combination envisages Adani Green Energy Limited transferring certain of its subsidiaries to a newly incorporated company (JV). Subsequently, Total S.A. would directly or indirectly acquire 50% of the equity share capital of the JV. Total S.A. is the ultimate parent entity of the Total Group. Total Group is an international integrated energy producer with operations in every... Read more..

Source: Devdiscourse

Malaysian investor buys into India PV player

Malaysia’s Yinson Holdings Berhad has reached agreements to acquire a stake in a 140MW photovoltaic portfolio in India. Under the terms of the agreements Yinson has acquired a 37.5% equity interest in Rising Sun Energy, an India-incorporated company that owns two operational and adjacent solar parks in Rajasthan. Yinson will pay INR554m (€6.6m) for the stake, subject to closing conditions, while also providing funding of INR600m to repay certain outstanding liabilities of RSE. The agreements were entered into through Yinson’s wholly owned subsidiary, Yinson Renewables. The two adjoining... Read more..

Source: ReNews

JICA Extends ODA Loan of INR 1,864 Crore for the Project for Pollution Abatement of Nag River in Nagpur

Japan International Cooperation Agency (JICA) has signed an agreement with the Government of India to provide an Official Development Assistance (ODA) loan of 29,082 million Japanese Yen (approximately INR 1,864 Crore) for the ‘Project for Pollution Abatement of Nag River in Nagpur’. The objective of the Project is to improve the quality of water by abating pollution of Nag River and Pili River in Nagpur, Maharashtra, by developing appropriate sewerage systems in related river basins, thereby contributing to the urban environment improvement. The ODA loan agreement was signed between Dr. C... Read more..

Source: Business Wire

EIB proposes €650 million loan for Kanpur Metro Rail project in India

The European Investment Bank (EIB) has proposed to provide financial assistance of €650 million for the Kanpur Metro Rail project after assessing the project. The total estimated cost of the project is €1.5 billion. “The Government of India (GOI) has applied for a loan from the European Investment Bank (EIB) towards the cost of the Kanpur Metro Rail Project and it intends to apply part of the proceeds to payments for goods, works, related services and consulting services to be delivered under this project. The project will be most probably jointly financed by the (EIB) with the Government... Read more..

Source: Urban Transport News

Coronavirus outbreak lockdown will affect forecasts: WMO

The World Meteorological Organisation (WMO) has flagged that lack of meteorological data from commercial aircraft, grounded across the world because of the coronavirus (Covid-19) pandemic will affect the reliability of weather forecasts. In a statement issued on Wednesday, WMO said it is very concerned about the impact of Covid-19 on the quantity and quality of weather observations and atmospheric and climate modelling exercises. In-flight measurements of temperature, wind speed and direction are used both for weather prediction and climate monitoring. Commercial aircraft contribute this... Read more..

Source: The Hindustan Times

COP26 postponed until 2021

The UK government has today confirmed that the UN climate change conference, COP26, due to be held in Glasgow in November has been postponed until 2021. Helen Clarkson, CEO of the international non-profit The Climate Group, says: “The postponement of COP26 is, of course, sad but the UK Government and UN Climate Change have made the right decision in the circumstances. A huge international diplomatic effort is required to secure greater national commitments to deliver on the Paris Agreement and that is incredibly challenging right now. In the meantime, we know our networks of businesses and... Read more..

Source: The Climate Group

India enough limestone to help coal-based thermal power plants meet new emission norms: CSE report

India has enough reserves of limestone to enable thermal power plants to install flue gas desulphurization (FGD) systems by 2022 in order to meet the new emission norms for the sector, says a new report released online on Tuesday by Centre for Science and Environment (CSE). The latest report refutes the contention of power plants, which have been delaying implementation of the norms by raising concerns about availability of limestone and use of its byproduct, FGD gypsum. The coal-based thermal power plants have to install FGD systems to meet country’ new emission norms by 2022. Limestone... Read more..

Source: The Times of India

Study links climate crisis to changes in monsoon patterns over last 30 years

Parts of India are facing a severe impact of the climate crisis with reduced rainfall and increase in dry, or no rain, and heavy rain days during the monsoon season, an India Meteorological Department (IMD) study on changes in monsoon patterns over 30 years has found. The monsoon, which generally begins in June and retreats by Sept, delivers around 70% of India’s annual rainfall. It is crucial for the cultivation of rice, wheat, sugarcane and oilseeds in the country where farming employs over half of its people. The monsoon is key to replenishing reservoirs, groundwater and addressing... Read more..

Source: The Hindustan Times
Subject Tags: Climate Change, rainfall, study

China's CNIC ponders buying into India's Greenko - report

China’s CNIC Corp is mulling over the possibility of buying a 10% interest in Indian renewable energy company Greenko Group, Bloomberg reports, citing informed people. One of the sources told the news agency that Greenko has been looking for a long-term investor in order to secure some USD 800 million (EUR 730.5m) to spend on growing its energy storage capacity at home. Greenko, which counts Singapore’s GIC and the Abu Dhabi Investment Authority (ADIA) as backers, has some 4.8 GW of installed solar, wind, hydro, biomass and gas-based power production capacity, according to its annual... Read more..

Source: Renewables Now

Pandemic pushing oil sector to the brink

It’s been a price meltdown that looks set only to worsen for the oil industry as Covid-19 pandemic slams demand. On Monday, the price of West Text Intermediate crude slid below $20 a barrel before clawing back slightly. International benchmark Brent Crude was still hanging in there at $22.76. Global oil giants now believe prices could plunge another 20-25 per cent as demand keeps falling amid lockdowns worldwide aimed at containing the highly contagious coronavirus. It’s hard to believe oil was $65 a barrel when we entered the new decade just three months ago, climbing back to $70 days... Read more..

Source: The Hindu Business Line

The world's largest coronavirus lockdown is having a dramatic impact on pollution in India

When India imposed a nationwide lockdown a week ago, it was designed to stop the imminent spread of the novel coronavirus. But grinding this country of 1.3 billion people to a near halt has also provided a temporary remedy to another pressing health issue: suffocating pollution levels. The world's largest lockdown means all factories, markets, shops, and places of worship are now closed, most public transport suspended and construction work halted, as India asks its citizens to stay home and practice social distancing. So far, India has more than 1,300 confirmed cases of Covid-19,... Read more..

Source: CNN

World economy will go into recession with likely exception of India, China: UN

The world economy will go into recession this year with a predicted loss of trillions of dollars of global income due to the coronavirus pandemic, spelling serious trouble for developing countries with the likely exception of India and China, according to a latest UN trade report. With two-thirds of the world’s population living in developing countries facing unprecedented economic damage from the Covid-19 crisis, the UN is calling for a USD 2.5 trillion rescue package for these nations. According to the new analysis from United Nations Conference on Trade and Development (UNCTAD), the UN... Read more..

Source: The Hindu Business Line

Solar, wind and hydro projects are threatening key wildlife habitats in Southeast Asia, India

Renewable energy is crucial in the fight against global warming, but the development of wind, solar and hydropower projects in important conservation areas could spell disaster for birds, great apes and other wildlife. For the first time, researchers have done a comprehensive study of current and future renewable energy projects in important biodiversity areas. They found 922 large renewable energy projects in the global pipeline that overlap with important conservation areas. Just over half (51 per cent) are in the developing regions of India, Southeast Asia, South America and Africa, and... Read more..

Source: Eco Business

KSB promotes FGD systems to reduce emission

KSB one of the manufacturers of pumps and industrial valves has reiterated its support towards government’s efforts in reducing sulphur content in the flue gas emission by 30-35 per cent from 2005 level by 2030. This is agreed at COP 21 Summit (United Nations Framework Convention on Climate Change) in Paris. As part of the commitment, KSB has localised slurry recirculation pumps required for Flue Gas Desulphurisation (FGD) applications. The company has recently bagged total order worth Rs. 100 crore for the supply of slurry recirculation pumps in FGD plants to be installed across ten... Read more..

Source: Electrical India