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Sustainability Outlook Headlines

SBI to raise $500 million in maiden green bond sale

The country's largest lender State Bank is in the international bond market to raise nearly $500 million in green bonds, making it the maiden issuance for the lender. 

The tenor of the bonds is expected to be five years and the notes are to be issued by the bank's London branch. 

With this issue SBI will... Read more..

Source: ET Energyworld

India contributes USD 1 million to UN's ambitious solar project

India has contributed a whopping USD 1 million for the installation of solar panels on the roof of the imposing UN building at the world body's headquarters here.

The contribution will help reduce carbon footprint and promote sustainable energy, India's Permanent Representative to the UN Ambassador Syed Akbaruddin said in a tweet.

... Read more..

Source: The New Indian Express

Impose 50% solar tariff as penalty for not buying power: Developers to MNRE

Solar power developers have urged the power ministry to impose 50 per cent tariff penalty on distribution companies that are not buying clean power despite their purchase agreements, sources said. 

At a meeting of stakeholders called by the Ministry of New and Renewable Energy (MNRE) Wednesday, solar power developers proposed that discoms should be penalised 50 per cent of the agreed tariff for the part of... Read more..

Source: ET Energyworld

SBI to go green! 10,000 ATMs to run on solar power in next two years

In line with the Modi government's push to reduce carbon footprints, India's largest public sector lender has said it plans to install solar panels on around 10,000 of its ATMs in the next two years. The bank also plans to replace its huge fleet of vehicles with electric ones across India by 2030. The bank has already installed solar panels on as many as 1,200 ATMs. The lender has also covered 150 of its buildings with rooftop solar panels and also plans to increase the number to 250 buildings by 2020.... Read more..

Source: Business Today

BSES energises 1,000 solar rooftop connections, number likely to cross 2,000 mark by year end

Power discom BSES has brought over 1,000 consumers including the Lotus Temple and Maulana Azad Medical college in the list of rooftop solar connections in the city, a company spokesperson said here. The total load of over 40 MW has been energised so far with 1,000 rooftop connections, he said. 

The number of rooftop solar connections by the end of the year is likely to cross the 2,000 mark, the spokesperson... Read more..

Source: ET Energyworld

India’s aggregate cooling requirement to increase by 8 times in 20 years

India’s aggregate cooling requirement will increase by eight times in the next 20 years with room air conditioners alone consuming more than half of the energy required for space cooling in the country by 2037-38. Staring at this projection and the growing needs of cooling, the government on the occasion of the World Ozone Day on Monday released a draft cooling action plan which will guide it and other stakeholders, including both residential and commercial users, to reduce energy consumption for cooling by... Read more..

Source: ET Energy World

Rs 1500-crore solar plant plan for Banka, Bihar

The State Investment Promotion Board (SIPB) on Tuesday okayed a proposal to establish a Rs 1,500 crore solar power plant in Banka district and a Rs 148 crore biomass power plant in West Champaran.

The two proposals were a part of 94 new ones encompassing sectors such as food processing, manufacturing, plastic, rubber and others. Together they are expected to bring an investment of Rs 2,166 crore.... Read more..

Source: The Telegraph

Odisha Chief Minister launches star-rating system for industries to reduce air pollution

Odisha Chief Minister Naveen Patnaik has launched a 'Star Rating program' for industries to strengthen State Pollution Control Board's (SPCB) regulatory efforts to reduce pollution.

It is a first-of-its-kind transparency initiative to categorise industries from one to five stars compliant to pollution standards.

... Read more..

Source: Business Standard

NLC to set up renewable energy projects which can generate 4251 MW by 2025

 

NLC India Limited plans to invest Rs 1,290 billion to add new production capacity in mining and power generation by 2025. The company, which traditionally focused on lignite and coal-based power, also plans to set up renewable energy projects which can generate power up to 4251 Mw.

The total power-producing capacity of NLC, earlier known as Neyveli Lignite Corporation, is expected to go up from 4,... Read more..

Source: Business Standard

Soon, energy projects may undergo green checks

The government plans to make projects such as power plants, mines and oil and gas exploration ventures and expansion initiatives subject to checks by independent auditors to ensure they are complying with environmental conditions and prevent the kind of public protests that erupted in Tamil Nadu over the Vedanta group’s copper unit earlier this year.

The government-approved auditors will conduct randomised,... Read more..

Source: ET Energy World

Government starts distribution of energy efficient items via post office

The EESL is a joint venture of four public sector enterprises – NTPC Limited, PFC, REC and POWERGRID— and was set up under the Ministry of Power. At present 60 post offices under the postal division shall be offering this facility.

Speaking on the occasion, Nitin Bhatt, regional head, Punjab, EESL said, “Post offices have been an integral part of our lives since time immemorial and the benefit of their wider... Read more..

Source: The Tribune

By 2022, 21 per cent Punjab power from renewable sources

The Punjab State Electricity Regulatory Commission (PSERC) has decided to revise the renewable purchase obligations for Punjab State Power Corporation Limited (PSPCL) till 2022 by inviting suggestions from stakeholders while formulating the new norms.

As per Section 86(1) (e) of the Electricity Act, 2003, the PSERC is to promote co-generation and generation of electricity from renewable sources of energy by... Read more..

Source: ET Energy World

Solar project developers seek reversal of cap in tariffs

Solar project developers have cautioned the government that the decision to cap tariffs in future auctions at Rs 2.50 per unit needs to be reversed because it will make projects unviable as their bids are determined by changes in module prices, currency risks and varied solar radiation across states. 

The Ministry of New and Renewable Energy (MNRE) recently said tariffs for all future solar bids should be... Read more..

Source: The Economic Times

Mytrah Energy wins PPA bid for 300 MW wind power unit in Tamil Nadu

Independent power producer Mytrah Energy (India) has entered into a power purchase agreement (PPA) with the Solar Energy Corporation of India (SECI) for setting up a 300 MW wind power plant in Coimbatore.

Mytrah’s winning bid was part of the fourth tranche of SECI wind reverse auctions, in which 11 companies participated.

... Read more..

Source: The Hindu Business Line

Maharashtra will have 50 electric vehicle charging stations

The State will soon have 50 charging stations for electric vehicles. The Maharashtra Electricity Regulation Commission (MERC), in its latest tariff revision for the distribution companies, has created a new category for electric vehicles, and has set the tariff at ₹6 per unit for the next two years.

Sanjiv Kumar, chairman and managing director, Maharashtra State Electricity Distribution Company Limited (... Read more..

Source: The Hindu

Solar tariffs hit their record low once again

Solar tariffs hit their record low of Rs 2.44 per unit yet again on Monday in a 500 MW auction held by the Gujarat Urja Vikas Nigam Ltd (GUVNL), indicating that the impact of safeguard duty is not yet being passed on by developers. 

Giriraj Renewables, part of Avaada Energy, emerged as the biggest winner getting 300MW at Rs 2.44 per unit. Aditya Birla Renewables won 100MW at the same tariff while Azure Power... Read more..

Source: The Economic Times

Power utility’s first solar power plant goes live in Maharashtra

The state power distribution utility made a new beginning on Sunday after successfully linking its solar energy plant at Wavi in Sinnar taluka to the electricity grid. 

The 0.5 megawatt solar plant at Wavi built at the cost of Rs 30.31 lakh began generating power from Sunday and became the first to be connected to the grid. Officials said the plant at Wavi has been constructed by Energy Efficiency Services... Read more..

Source: ET Energy World

IIT-incubated PuREnergy to commercially launch lithium batteries

Indian Institute of Technology-Hyderabad incubated startup PuREnergy said it has developed "affordable" lithium batteries and is commercially launching them during the Renewable Energy Expo 2018 that begins at Greater Noida tomorrow. 

"While the current models of lithium batteries in the market are expensive, PuREnergy plans to make them available at economical prices due to their strong design capabilities... Read more..

Source: ET Energy World

California Clean Energy Fund invests in cKers Finance’s Sustainable Energy Bond in India

The Innovations arm of the California Clean Energy Fund announced that it is investing $3 million in cKers Finance’s Sustainable Energy Bond issuance for India. These bonds are a new and innovative instrument that allow impact investors to finance sustainable energy assets exclusively, as well as track the impact of their capital on an ongoing basis.

Making the announcement at the Global Climate Action... Read more..

Source: Sustainability Outlook

Energy Efficiency Services Ltd. to facilitate implementation of 5 lakh solar water pumping systems in ISA member countries

Energy Efficiency Services Ltd (EESL), a joint venture of PSUs under the Ministry of Power, has been selected by the International Solar Alliance (ISA) to facilitate implementation of 5,00,000 Solar Water Pumping Systems.

These Solar Water Pumping Systems will be rolled out in ISA member countries that are participating in its ‘Scaling of Solar Application for Agricultural Use’ programme.

EESL will be responsible for the implementation of the programme in the participating... Read more..

Source: The Hindu Business Line

Maharashtra to get 57,000 solar farm pumps: Energy minister Bawankule

Energy minister Chandrashekhar Bawankule announced on Friday that the state would get 57,000 new solar farm pumps in the coming months. At present 7,500 such pumps have been installed in the state.

Addressing a press conference, the minister said, “We got 7,000 solar pumps from the Union government under Atal Saur Krishi Yojana on Thursday. In the coming days, the state government will purchase another 50,000 pumps. Our aim is to provide solar pumps to all 45 lakh farmers.”

... Read more..

Source: ET Energy World

Trina Solar launches Trinahome in India

Trina Solar, the leading solar energy solutions provider in India, is moving into the household and small-to-medium enterprise (SME) sector with today's launch of Trinahome.

The news comes on the eve of next week's Renewable Energy India Expo being held in Noida on 18-20 September. Trina Solar is a key exhibitor at this year's show.

... Read more..

Source: Business Standard

UN secretary general to attend global solar meet in Delhi

UN secretary general Antonio Guterres will attend the second Global RE-Invest summit and the first assembly of the International Solar Alliance (ISA) in New Delhi on October 2. Prime Minister Narendra Modi will inaugurate the summit which will continue till October 5. 

This edition of RE-Invest will also host a meeting of energy ministers of Indian Ocean Rim Association countries. The first edition of RE-... Read more..

Source: ET Energy World

Coal India to set up methanol plant, eyes 6.76 LT output per annum

The world's largest coal miner CIL is aiming to produce 6.76 lakh tonne of methanol per annum to boost clean energy initiatives, its Chairman Anil Kumar Jha said. His statement comes at a time when the government is betting big on alternative fuel and pushing electric vehicles (EVs).

Steps have been taken towards methanol production, with the Centre recently easing norms for Coal India (CIL) to extract... Read more..

Source: ET Energy World

Azure wins 12 MW of rooftop projects in Delhi and Madhya Pradesh

Indian developer Azure Power has been awarded 11.2MW and 600KW rooftop solar projects by the utilities Madhya Pradesh Urja Vikas Nigam Limited (MPUVNL) and Delhi-based Indraprastha Power Generation Company Ltd (IPGCL) respectively.

Azure Power will provide power for 25 years to various government establishments like colleges, polytechnic colleges, industrial training institutes (ITI’s) and police... Read more..

Source: PV Tech