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Sustainability Outlook Headlines

D.light raises US$41 million to finance its solar and appliance business

Distributed solar provider d.light has raised $41 million in equity financing from a Consortium led by Inspired Evolution, an Africa-focused investment advisory firm that specializes in the energy sector. 

Consortium partners include the Dutch Development Bank FMO, as well as government-sponsored investment funds Swedfund and Norfund. This latest funding, which enables expansion of the company’s solar and... Read more..

Source: ET Energy World

Multiple consumers can benefit from a single solar plant at one location

To promote electricity generation from renewable sources, Delhi Electricity Regulatory Commission (DERC) has come out with a draft framework for group net metering and virtual net metering wherein multiple consumers can be beneficiaries of a single solar plant at one location.

After the Delhi solar policy was issued in 2016, the power watchdog constituted a committee for developing the framework and has now... Read more..

Source: The Times of India

Cabinet approves MoU between India & France in new and renewable energy

The Union Cabinet was on Monday apprised of a Memorandum of Understanding, which has been signed between the Solar Energy Corporation of India Limited (SECI), India and Commissariat a l energieatomique et aux energies alternatives (CEA), French state-owned research entity and BlueStorage SAS, a French Company. 
The MoU was signed on October 3, 2018 in New Delhi. The MoU was signed in three originals each in Hindi, English and French language.

... Read more..

Source: United News of India

Mumbai Metro commissions roof-top solar on Metro Depot

Reliance Infrastructure Ltd promoted Mumbai Metro One has installed and commissioned a 612 KWp capacity roof-top solar power plant atop the Metro Depot in D.N. Nagar, Andheri west, an official said on Monday.

A total of 2,000 rooftop solar panels have been installed on the Metro Depot along with associated supporting and cabling works.

... Read more..

Source: ET Energy World

Central Pollution Control Board directs enforcement authorities to address pollution-related complaints within 24 hours

The Central Pollution Control Board has sent notices to various enforcement authorities, directing them to address complaints on pollution-related activities within 24 hours of their receipt and submit weekly report on the action taken.

CPCB chairperson S P S Parihar has shot separate notices to 13 public bodies -- the UP Pollution Control Board, Delhi Traffic Police, NHAI, DMRC, DPCC, NDMC, DDA, Delhi... Read more..

Source: Money control

Personal heating patches could reduce energy waste in buildings

Researchers, including one of an Indian-origin, have developed a thin, durable and high-tech personal heating patch that could be sewn into clothes to generate heat, while significantly reducing users' electric bill as well as energy waste in buildings.

The low-cost and flexible heating patches is made from polyester fabric fused with tiny silver wires, using pulses of intense light. 

... Read more..

Source: ET Energy World

COP24 talks end with rulebook on Paris Agreement

After two weeks of intense negotiations, the COP24 climate talks ended in the late hours of Saturday with an agreement that is broadly in India’s favour.

Over the last two weeks, nearly 200 countries were busy developing a set of rules to operationalise the 2015 Paris Agreement, in which they agreed to strive to limit the rise in global warming to well under 2 degrees Celsius, over pre-industrial levels, by... Read more..

Source: The Hindu Business Line

Himachal Pradesh varsity faculty develops cost-effective sun tracking system

Faculty members of Shoolini University in Solan district have developed a cost- effective sun tracking system for individuals and small-time users. The system can keep the panel in the direction of the sun to maximize utility of solar panels. 

The design patent on the proposed solar tracking system filed by Shoolini professors last year was granted on August 24. Under the circumstances, the panels come as a... Read more..

Source: ET Energy World

5000 compress biogas plants to come up by 2023: Dharmendra Pradhan

Union Minister of Petroleum and Natural Gas Dharmendra Pradhan on Sunday said plans are afoot to set up 5,000 compressed biogas (CBG) plants across the country by 2023.

The Centre intends to move towards gas-based economy by increasing the share of natural gas in India’s energy basket from present 6-7 per cent to 15 per cent by 2022. With the rising demand for natural gas in transport and industrial sector,... Read more..

Source: The New Indian Express

Developers protest as Haryana limits solar transmission subsidy

As renewable energy increasingly becomes mainstream with tariffs on par with those of conventional power, governments are gradually rolling back concessions extended to the sector. 

The Haryana power regulator has denied exemption for solar projects above 500 MW from a host of transmission-related charges. In most states, such charges are still waived for renewable power. 

... Read more..

Source: The Economic Times

Fitch Ratings cuts Indian Renewable Energy Development Agency ratings as renewable stress rises

As India's renewable energy space starts showing signs of slowdown and eventual stress, Fitch Ratings has downgraded Indian Renewable Energy Development Agency (Ireda) rating.

The downgrades have been made to Ireda's long-term foreign and local-currency issuer default ratings (IDR) as well as its long-term senior unsecured rating to 'BB+' from 'BBB-'. "The outlook is stable. At the same time, Fitch has... Read more..

Source: DNA India

Solar power scheme: Kerala State Electricity Board gets 15,000 applications

KSEB – the state power utility – has received over 15,000 applications from individuals, organizations and government departments to set up grid connected rooftop solar power units. 

This figure was beyond its initial expectations as KSEB had set a target to generate 200MW solar power for phase-I of the programme. Going by the interest expressed by individuals and government departments, over 200MW (small... Read more..

Source: ET Energy World

Rajkot railway division saves big on power bills

The Rajkot division of Western Railway (WR) has received five awards for saving on electricity bills by switching to solar power.

For the electricity conservation, Rajkot railway hospital and Jamnagar railway station received award in the second category and Rajkot railway station, Surendranagar railway station and Dwarka railway station received award in the third category. 

... Read more..

Source: ET Energy World

PFC plans to borrow Rs 7,000 crore from domestic banks to fund REC deal

State-run Power Finance Corp (PFC) plans to fund its acquisition of REC by borrowing Rs 7,000 crore from domestic banks, for which negotiations have begun, and is likely to moderate its dividend pay out as well as disbursements to loan accounts this financial year. The company is also banking on a special dividend from REC Ltd after the acquisition, said a government official.

It is not expected to raise... Read more..

Source: ET Energyworld
Subject Tags: Acquisition, borrowings, funding, M&A, PFC, REC

Suzlon Group bags 50.4 mega Mw order in Tamil Nadu from Atria Power

Wind turbine maker Suzlon Group on Thursday said it has bagged a 50.4 mega watt (Mw) order in Tamil Nadu from Bengaluru-based Atria Power.

Suzlon will install 24 units of wind turbine generators (WTGs) with a hybrid lattice tubular (HLT) tower, with rated capacity of 2.1 Mw each. The project is located in Tuticorin, Tamil Nadu and is in advance stages, Suzlon said in a regulatory filing.

The company said the project will be commissioned in two phases by first half of financial year 2019-20.

Suzlon will execute the project on a turnkey basis and will also provide... Read more..

Source: Business Standard

Mahindra, SmartE to deploy 1,000 electric three-wheelers in Delhi NCR

Mahindra and Mahindra Ltd’s electric mobility arm, Mahindra Electric Mobility Ltd, on Wednesday signed a memorandum of understanding (MoU) with Goldie Srivastava-led SmartE, one of India’s largest electric vehicle fleet operators. According to the MoU, SmartE will deploy the first 1,000 Mahindra Treo and Treo Yaari electric three-wheelers in Delhi NCR by March 2019, Mahindra said in a statement. SmartE also plans to deploy a total of 10,000 Mahindra electric three-wheelers across India by 2020, the statement... Read more..

Source: Livemint

Centre drops plan to install 12 Gw solar capacity through NTPC

The government has dropped its plan to install 12GW of solar capacity out of total 15 GW envisaged through state-owned NTPC as solar tariff dipped recently, Parliament was informed Thursday.

Earlier, the government had planned to install 15 GW of solar energy capacity through NTPC, which was to be bundled with thermal power supply to specific states. The power company has already completed auction of 3GW... Read more..

Source: Business Standard

No proposal from Centre to invest in e-bus manufacturing

The government has no proposal to invest in manufacturing of electric buses as automobile is a deregulated sector wherein both private and public sectors are free to invest, Parliament was informed Wednesday.
In reply to a question in Lok Sabha, Minister of State for Heavy Industries Babul Supriyo said 100 per cent FDI by automatic route is permitted in the automobile sector.

"There is no proposal from... Read more..

Source: Times of India

Delhi solar tender: 220 companies participate in pre-bid meeting

More than 220 prospective bidders participated in the pre-bid meeting held here by the Delhi government for its tender for setting up 35 Megawatt grid-connected rooftop solar power projects.

During the meeting, the companies held discussions with the representatives of Energy Efficiency & Renewable Energy Management (EEREM) centre and Indraprastha Power Generation Company (IPGCL). The talks focused on... Read more..

Source: ET Energyworld

Vestas wins 252-MW Indian EPC deal from Engie

Danish wind turbine maker Vestas Wind Systems today announced an engineering, procurement and construction (EPC) deal for a 252-MW project in India, its largest order in the country.

Vivid Solaire Energy Pvt Ltd, a unit of French utility Engie SA, has selected Vestas to deliver, install and commission 126 of its V120-2.0 MW turbines at the wind park in Tuticorin, Tamil Nadu state. The Danish firm will also... Read more..

Source: Renewables Now

Gujarat refuses land transfer approval for central wind projects

Gujarat, which has been a leading state in generating renewable energy, is going slow in leasing land for wind projects auctioned by central agencies, and allowing only the ones backed by its own utility, which makes it difficult to meet deadlines, developers said.

This is because sites where wind speeds are good enough for projects are becoming scarce in the state. Developers fear that projects other than... Read more..

Source: ET Energyworld

Focus on solar power and green good deeds

At the 24th meeting of Conference of Parties (COP-24) to the United Nations Framework Convention on Climate Change on Monday, Union Environment Minister Dr Harsh Vardhan reiterated India's solar and public awareness campaigns like Green Good Deeds.

"This year the theme of India Pavilion is 'One World One Sun One Grid' as highlighted by Prime Minister Narendra Modi during the first assembly of the... Read more..

Source: ET Energyworld

Temple waste recycle project from India receives UN honour

An Indian private project, HelpUsGreen, which collects flowers from temples and mosques across many cities\towns in Uttar Pradesh and recycles them to produce natural incense, organic fertilizers and biodegradable packaging material, is one of 15 ground-breaking projects from around the world that has won this year's UN climate action award. 

This Indian enterprise has specifically been identified for its... Read more..

Source: Economic Times

India-led ISA, EU join hands to promote solar energy

At the world’s biggest climate change conference, the India-led International Solar Alliance (ISA) signed a joint declaration with the European Union (EU) on Tuesday to enhance solar energy.

A joint initiative of India and France, the alliance was launched in 2015 to drive 121 member countries to increase their solar power utilization. At the ongoing 24th session of the Conference of the Parties (COP24)... Read more..

Source: ET Energyworld

Haryana govt starts new scheme to recover pending power dues

The Haryana government has started a new scheme for defaulters who have not cleared their pending electricity dues since 2005.

Under the scheme, which will end on December 31, the Dakshin Haryana Bijli Vitran Nigam (DHBVN) is giving relaxation to consumers falling under 20kW domestic (DS) and up to 5kW non-domestic categories. Pending bills prior to 2005 have been waived off in view of the provisions of the... Read more..

Source: ET Energyworld