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Sustainability Outlook Headlines
Avis India Partners With quikk India for Electric Vehicle FleetAvis India has announced that it has formed a partnership with quikk India on February 17, 2019, to offer corporate electric mobility services which will include an EV fleet and access to robust charging infrastructure. As the company claims, under the partnership, Avis India and quikk India have developed an innovative, integrated AI-based model that combines transportation services along with access to robust charging infrastructure, at costs broadly comparable with those of current ICE vehicles. The association is expected to transform the EV space even further, with developments such... Read more.. Date : Feb 19 Source: Saur Energy International
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Mumbai: 100 e-charging spots planned at malls, Metro stations, homesIn a boost to the city’s electric vehicle infrastructure, Tata Power Company plans to install 100 charging points at malls and petrol pumps, outside Metro stations, and also provide for home charging. The aim is to increase the network of e-vehicle charging stations to 700 from the current 100 across cities—including Mumbai, Delhi, Pune, Bengaluru and Hyderabad—by 2021, a Tata Power official said on Monday. To make e-charging affordable, the Maharashtra Electricity Regulatory Commission has fixed the tariff at Rs 6/unit. “We want to encourage the use of e-cars, e-scooters and e-buses,... Read more.. Date : Feb 19 Source: ET Energy World
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India's renewable energy sector to attract $10 billion investments annually: BoAIndia's renewable energy sector could become a prime destination for global investors with a potential to attract $10 billion (Rs 71,550 crore) of annual investments, Bank of America’s global head of energy and renewable business said. The government's target of generating more than 10,000 megawatts of energy from renewable sources will draw big investment into wind and solar projects, although changing regulatory goalposts is a disturbance, Ray Wood, the head of power, utilities & renewables at the bank, told ET. “What people like about renewables the most is that you have a long-term... Read more.. Date : Feb 19 Source: ET Energy World
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India’s Reservoirs Can Generate 280 GW Power via Floating Solar: TERIIndia’s reservoirs have 18,000 sq. km of area with the potential to generate 280 GW of solar power through floating solar photovoltaics (FSPVs) plants, according to a new study by The Energy and Resources Institute (TERI), an energy and environment think tank. TERI’s new report titled ‘Floating Solar Photovoltaic (FSPV): A Third Pillar to Solar PV Sector?’ was released during the recently held World Sustainable Development Summit 2020. The report calculated the potential for FSPVs, or ‘floatovoltaics’, on the basis of 30 percent of water surface area of the country’s medium and large... Read more.. Date : Feb 19 Source: Saur Energy International
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India & World Bank sign $450m loan to improve groundwater mgmt in 7 statesThe Government of India and the World Bank today signed a $450 million loan agreement to support the national programme to arrest the country’s depleting groundwater levels and strengthen groundwater institutions. The World Bank-supported Atal Bhujal Yojana (ABHY) – National Groundwater Management Improvement Programme will be implemented in the states of Gujarat, Maharashtra, Haryana, Karnataka, Rajasthan, Madhya Pradesh, and Uttar Pradesh and cover 78 districts. These states span both the hard rock aquifers of peninsular India and the alluvial aquifers of the Indo-Gangetic plains. They... Read more.. Date : Feb 18 Source: Indus Dictum
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Govt plans ₹11,000 crore power transmission project in LadakhThe government plans to set up a 900-km power transmission link that will help large solar and wind energy projects in Ladakh supply electricity across the country, said Anand Kumar, secretary in the Union ministry of new and renewable energy. The move is part of India’s strategy to develop the Union territory of Ladakh. The ₹11,000-crore marque project seeks to resolve grid connectivity problems faced by the region. This is also expected to attract investments for setting up green energy projects in the cold desert region. The power link will initially transfer around 2,500 megawatts (MW... Read more.. Date : Feb 18 Source: Livemint
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Maharashtra: Few takers for electric vehicle charging stationsPune is moving at a slow pace towards e-mobility. Maharashtra State Electricity Distribution Company Limited (MSEDCL) officials said there were few takers for the three electric vehicle charging stations set up by the company in Pune. The power utility had set up its first electric vehicle (EV) charging station at Baner a year ago while two others were recently set up at Wadgaonsheri and Hinjewadi. With the Centre giving a push towards the faster adoption of electric vehicles, the state government had launched an ambitious project of setting up 500 electric vehicle charging stations across... Read more.. Date : Feb 18 Source: The Indian Express
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Nitin Gadkari expects states to order 10,000 electric busesThe government is pushing for greater acceptance of electric buses and has advised states to do away with permit requirements for such vehicles, said Nitin Gadkari, Minister of Road Transport and Highways, adding that he is expecting a minimum order of 10,000 battery electric buses from state-funded municipal corporations and private fleet operators. "We have issued advisory to the state government that if the bus runs on electric batteries or bio-fuel then there is no need for permits. We have given a similar advisory for e-autorickshaws or bio-fuel and for taxis too. We are expecting at... Read more.. Date : Feb 18 Source: Money Control
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Chandigarh administration to tie up with residents welfare associations, traders bodies’ to spread awareness for installation of solar plantsThe UT administration will now tie up with various traders bodies and residents welfare associations, to spread awareness for installation of solar plants. The UT administration had recently again extended the deadline till March 2020 for the installation of solar plants. A senior UT official said that in the year 2020 they have planned to install solar power plants with a capacity of 20MW. The administration has already installed plants with a capacity of 30MW in the city, he added. Earlier the deadline for installation of solar plants was September 30, 2019 and the administration had... Read more.. Date : Feb 18 Source: ET Energy World
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ENGIE fully commissions 250 MW Kadapa solar project in Andhra PradeshFrench electric utility firm ENGIE on Monday said it has fully commissioned its 250 MW solar project in Andhra Pradesh. The 200 MW phase was commissioned ahead of schedule in May 2019 and this milestone supports ENGIE's ambition to be a major renewables development partner as India becomes one of the fastest growing countries in global energy transition, a company statement said. The remaining 50 MW was recently commissioned in order to provide power to about 400,000 people, it said. ENGIE was awarded the Kadapa project in April 2017. The signing of the 25-year power purchase agreement... Read more.. Date : Feb 18 Source: ET Energy World
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Tata Power plans to have 700 EV charging stations by 2021Tata Power is planning to increase its network of electric vehicle charging stations to 700 by next year, a top company official said. The company has already installed 100 fast charging stations in various cities, including Delhi, Mumbai, Bengaluru, Pune and Hyderabad, which it plans to take to 300 by March 2020. “We are mapping the locations where EVs are launched and we will be setting up charging stations in those cities. Our aim is to take this number to around 700 by next year,” company’s CEO and Managing Director Praveer Sinha said. The government’s decision to lower the GST rate on... Read more.. Date : Feb 18 Source: The Indian Express
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Coronavirus outbreak may impact 3GW Indian solar projects worth ₹16,000 croreIn what may impact India’ green energy trajectory, around 3 giga watt (GW) of solar projects, worth ₹16,000 crore, could be at risk of penalties for missing their project completion deadline if the coronavirus impact prolongs, according to CRISIL. “As per the standard terms of power purchase agreements, non-adherence to completion timelines attracts penalties, including downward renegotiation of tariffs," CRISIL said in a report on Monday. Power purchase agreements signed by developers have strict commissioning deadlines and a failure to meet them can result in fines and encashment of bank... Read more.. Date : Feb 18 Source: Livemint
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Reserves of lithium, critical for EV batteries, found near Bengaluru: ReportResearchers at the Atomic Minerals Directorate, a unit of India’s Atomic Energy Commission, have estimated lithium reserves of 14,100 tonnes in a patch of land surveyed in Mandya, 100 km from Bengaluru, according to a paper to be published in the forthcoming issue of journal Current Science, the Economic Times reported on Tuesday. Lithium is a rare metal, critical for manufacturing batteries for electric vehicles. “The present data provides a total estimation of available Li2O as about 30,300 tonnes over an area of 0.5 km x 5 km, which works out to about 14,100 tonnes of lithium metal,"... Read more.. Date : Feb 18 Source: Livemint
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Bezos launches USD 10 bn fund to combat climate changeHis company is often criticized for its environmental record, but Jeff Bezos, CEO of Amazon and the world''s richest man, said he was committing USD 10 billion to a new fund to tackle climate change. In a post to his 1.4 million followers on Instagram on Monday, the e-commerce tycoon said the Bezos Earth Fund would "fund scientists, activists, NGOs -- any effort that offers a real possibility to help preserve and protect the natural world." "Climate change is the biggest threat to our planet," said Bezos, whose net worth is estimated to be around USD 130 billion. Hundreds of Amazon... Read more.. Date : Feb 18 Source: Outlook India
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Karnataka bags Rs 72,000 cr investment proposals; EV, solar power in focusRs 72,000 crore investment proposals were received at the Invest Karnataka meet, here on Friday, for the states northern region, said an official on Saturday. "About 50 foreign and domestic firms have proposed to invest Rs 72,000 crore in the northwest and northern regions of the state and a dozen companies signed agreements with us," state Industries Department Secretary Gaurav Gupta said. Rajesh Exports, Bengaluru-based group, signed an agreement to set up a manufacturing unit at Dharwad to rollout electric vehicles and make lithium ion batteries. "Rajesh Exports proposes to invest about... Read more.. Date : Feb 17 Source: ET Energy World
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Government Proposes 50 GW Energy Parks To Boost Cleantech EcosystemThe Indian government may soon set up ultramega renewable energy parks of a total of 50 gigawatts in Gujarat and Rajasthan to set up solar, wind and wind hybrid power plants. The proposal, considered the world’s largest renewable energy investment programme, is being welcomed by industry majors. The energy parks reportedly have necessary clearances from state governments and the defence ministry. “The new and renewable energy ministry has identified Khavada in Gujarat and Jaisalmer in Rajasthan for renewable energy parks of 25,000 megawatts each,” unidentified sources were quoted as saying... Read more.. Date : Feb 17 Source: Inc42
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Solar rooftop cos move tribunal on KERC's orderDevelopers of solar rooftop projects have challenged the Karnataka power regulator’s order in December seeking to do away with net metering for commercial and industrial consumers. Net metering allows developers to sell electricity to the grid and deduct its value from their bill for the power drawn from the distribution company. The government encourages this system to promote renewable energy, but discoms in several states are hostile to this because they lose revenue for each unit of privately generated power. Major developers including Amplus Solar, Fourth Partner Energy, Renew Power... Read more.. Date : Feb 17 Source: ET Energy World
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Farm sector booster dose through Kusum scheme for solar pumpsThe UP government is likely to lend a budgetary push to the ambitious PM Kisan Urja Suraksha evam Utthan Mahaabhiyan (PM-Kusum) scheme envisaging solarisation of agricultural pumps up to a capacity of 7.5 horse power. Power officials confirmed that the energy department would seek funds to give a fillip to the scheme which is seen as an alternative to energising the agriculture sector accounting for 16% of the total power consumption in the state. "The budgetary provision for Kusum scheme will hold the key to energising the farm sector which has significant energy consumption," said a... Read more.. Date : Feb 17 Source: ET Energy World
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India and Norway to pressure other countries on climate change: JavadekarIndia and Norway will work together in exerting pressure on all countries for quick climate action and stressed that the finances promised to the developing world should be followed up, Union Environment Minister Prakash Javadekar said on Sunday. Javadekar held "fruitful" talks with Norwegian Climate and Environment Minister Sveinung Rotevatn on bilateral and global issues at the 13th Conference of Parties (COP 13) to the Convention on the Conservation of Migratory Species of Wild Animals (CMS) here. "We have agreed upon working jointly with Norway on the issues including development of... Read more.. Date : Feb 17 Source: The Week
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Mahindra open to co-owning Mahindra ElectricGoing by the scale of investments made, and when the first lot of investment was made (2010), Mahindra & Mahindra (M&M) would qualify as the strongest proponent of electric mobility. However, things haven't gone as projected, as the electric vehicle (EV) market’s evolution didn't quite match expectations. Market and economic conditions have changed much too. This is making manufacturers look at collaborations to share investments and get the much needed scale to achieve their respective goals. "It's required that we collaborate in the back end and compete on the front end," Dr.... Read more.. Date : Feb 17 Source: AutoCar India
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FAE Bikes launches 470 strong EV charging networkBengaluru based EV Startup "FAE Bikes" on Friday has announced the launch of "Kirana Charzer", a low-cost, smart EV charging station costing just Rs 10,000 focused on enabling small shops and individuals to install their own charging stations and earn additional income. The startup launched the charging station at MOVE 2020 which happened at Excel International Convention Center, London on February 11 to 12, where the founder of the startup, Sameer Ranjan Jaiswal, was invited as a speaker. Sameer presented the Kirana Charzer when he took the stage on February 12 in front of executives of... Read more.. Date : Feb 17 Source: ET Auto
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State discoms’ large dues spark NPA fears in renewable energyRenewable energy projects, which have cornered the bulk of private funding in the power sector over the last six years, could be facing a fresh wave of non-performing assets (NPAs). There is renewed nervousness among banks that lending to renewable power utilities over the last five years could turn bad. In a deposition before a Parliamentary panel, a senior government official flagged that “outstanding payments” due to renewable energy developers “is a very big issue and an issue of concern” and that “if the situation will not get improved, many solar and wind projects may turn into NPAs... Read more.. Date : Feb 17 Source: The Indian Express
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cKinetics acquires CaliforniaCarbon.info business and enhances offerings in the Climate Analytics spacePRESS RELEASE cKinetics, a global Sustainability Advisory firm with a specialized practice for Sustainability and Climate finance, today announced its acquisition of CaliforniaCarbon.info, an emissions data analytics platform covering the Californian and Western Climate Initiative (WCI) carbon markets. Launched in 2013, CaliforniaCarbon.info offers emissions data and price forecasts... Read more.. |
MNRE reduces effective custom duty back to zero after increment in BudgetFollowing the Union Budget announcement that photovoltaic (PV) cells and modules would now incur customs duty, the Ministry of New and Renewable Energy (MNRE) clarified that the effective basic custom duty would be zero. The Budget had a provision that levied a 20 per cent basic customs duty on PV cells and modules. A notice issued by the MNRE also asked solar manufacturers to list items they would like to be exempted from the list. The budget had split the tariffs into two categories- unassembled solar cells, or solar cells assembled into modules or panels; both of which would incur a... Read more.. Date : Feb 14 Source: ET Energy World
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Nitin Gadkari invites players for electric lane of Delhi-Mumbai ExpresswayUnion minister Nitin Gadkari on Thursday urged industry players to join hands with the government for the proposed electric lane on Rs 1.03 lakh crore Delhi-Mumbai Expressway while promising to provide policy support to serious players. He said while a stretch of the Delhi-Mumbai Expressway is planned as electric lane, the Delhi-Jaipur part of the 1,320 km expressway will be completed before Diwali. "Indian investors should come forward for investing in electric lane stretch of the Delhi-Mumbai expressway to be built at a cost of Rs 1.03 lakh crore within three years," the Road Transport... Read more.. Date : Feb 14 Source: Money Control
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