You are here
Sustainability Outlook Headlines
Parliamentary panel pulls up MNRE for missing renewable energy targets over yearsThe Parliamentary Standing Committee on Energy has pulled up the Ministry of New and Renewable Energy (MNRE) for failing to meet the targets for capacity addition over years. The failure could hamper the efforts at meeting the larger national target of reaching 175 Gigawatt (GW) capacity by 2022, it has said. The ministry could achieve only 11,319 Megawatt (Mw) of grid-connected RE capacity addition against a target of 16,560 Mw in 2016-17. It managed to achieve only 11,876 Mw of the targeted 14,445 Mw in 2017-18. Similarly, during 2018-19, only 8,519 Mw could be installed against the... Read more.. Date : Feb 14 Source: ET Energy World
|
Tata Motors Wins EESL Tender; To Deploy Tigor EVs for UGVCL in GujaratTata Motors, a USD 44 billion company, on Thursday said that it has won a tender from state-owned Energy Efficiency Services Ltd (EESL) to supply its Tigor Electric Vehicles (EVs) to state power distribution company Uttar Gujarat Vij Company Ltd. (UGVCL). As per the deal, the leading auto manufacturer will deploy Tigor EVs in Gandhinagar and Ahmedabad cities in the state of Gujarat. Moreover, the first batch of Tata Tigor EVs was flagged off today by Saurabhbhai Patel, Minister of Energy, and Mahesh Singh, Managing Director of UGVCL along with dignitaries from the two companies. Commenting... Read more.. Date : Feb 14 Source: Saur Energy International
|
Electric cars likely to get same power specsIn a bid to standardise the various parts of the electric vehicle (EV) ecosystem, several constituents, including original equipment manufacturers (OEMs), have come together to define standards. The move is primarily aimed at commercial vehicles that will ply with swappable batteries. The OEMs — which include Mahindra & Mahindra, Lucas TVS, Okinawa, Kinetic, GEM, Ashok Leyland, Exicom, Amara Raja Batteries and Exide — are involved in preparation of these specifications. “We have coordinated this effort and did iterations in the documents based on feedback from all different... Read more.. Date : Feb 14 Source: ET Energy World
|
Electric three-wheeler cargo is a big potential market in IndiaAuto component maker Omega Seiki believes it is easier to target the B2B fleet segment in cargo three-wheelers with e-commerce and last-mile delivery because entry barriers are comparatively lesser. At the Auto Expo 2020, the company made a foray in the vehicle manufacturing space with the launch of its Singha and Singha Max models priced at Rs 3.5 lakh and Rs 3.6 lakh (ex-showroom), having a loading capacity of 500 kg each. “Our company is offering a three-year warranty of the vehicle and the mileage,” opined Deb Mukherji, Managing Director, Omega Seiki, while claiming that the vehicles... Read more.. Date : Feb 14 Source: ET Auto
|
A few policy tweaks would boost renewable energy investment, says IEEFA IndiaA number of recent policy positions have undermined growth in India’s renewable energy sector. However, a course correction now can put the country back on track to reach the ambitious “450 GW by 2030” renewable energy target—finds a new report by the Institute for Energy Economics and Financial Analysis (IEEFA). In IEEFA’s view, “The opportunity cost of delaying India’s electricity sector transition is too high. International investors are seeking policy certainty and commitment from the Indian government. If this is re-established, it will accelerate capital deployment in one of the... Read more.. Date : Feb 14 Source: PV Magazine India
|
ICAI wants companies to be more open on welfare goalsAccounting standard setter Institute of Chartered Accountants of India (ICAI) is set to recommend greater disclosure by companies on how they are helping to meet sustainable development goals, ICAI president Atul Kumar Gupta said at a briefing here. ICAI will first set up an in-house ‘sustainable accounting standards board’ with members from all economic regulators to frame suggestions regarding what more disclosure should companies make in this context and will share that with the global accounting rule maker International Accounting Standards Board (IASB) for adoption, explained Gupta.... Read more.. Date : Feb 14 Source: Livemint
|
Govt to scrap registration fees for buying electric vehicles: JavadekarThe government is promoting electric vehicles (EV) by proposing to drop registration fees and using the Union Budget to given an additional income tax deduction of Rs 1.5 lakh on interest paid on loans taken to purchase such transport, said Prakash Javadekar, Minister of Heavy Industries and Public Enterprises, has said. Javadekar said his department will spend around Rs 500 crore to set up 2,636 charging stations in 62 cities across cities under the second phase of the Faster Adoption and Manufacturing of Hybrid & Electric Vehicles in India (FAME) scheme. People have purchased about... Read more.. Date : Feb 13 Source: Business Standard
|
Tariff of Renewable Plus Storage Tenders now Competing With ThermalIn the last one year in India, there has been a growth spurt in storage tender issuance, however, only for a few small tenders, the auctions are successful. In most other tenders, the storage capacity was so high that it leads to infeasible tariffs, and eventually to cancellations of many of these tenders, JMK Research has revealed. The one significant milestone for the storage sector was achieved last week, with the successful auction of SECI’s 1,200 MW RE plus storage tender with guaranteed peak power supply. In this tender, renewable technology can be a solar system, a wind energy... Read more.. Date : Feb 13 Source: Saur Energy International
|
300% spike in lithium battery imports; value too up from $384 million to $1.2 billionA burgeoning cell phone industry has pushed India’s lithium battery imports by 300% in 2018-19 compared to 2016-17, while the electric vehicle (EV) market is expected to further boost this in the next few years. Official data on the import of lithium batteries shows that imports jumped to 71.2 crore units worth $1.2 billion in 2018-19 from just 17.5 crore units worth $384 million in 2016-17. And, in the first eight months of this financial year (2019-202), India has seen 45 crore units worth $929 million imported already. Analysts and experts TOI spoke with, while stressing that major... Read more.. Date : Feb 13 Source: The Times of India
|
Banking and NBFC crisis impeding credit flow for renewable energy sector: CEOsThe ongoing crisis in the banking system and the non-banking financial companies (NBFCs) is impacting the growth of the renewable energy sector impeding credit flow for projects, according to chief executive officers (CEOs) and other senior executives of companies operating in the green energy space. “Since there is a growing demand of renewable energy, the current economic slowdown has not impacted the sector in general but, post default by the IL&FS group, there is severe liquidity crunch in the market for funding of large scale projects,” Sunil Jain, CEO, Hero Future Energies, among... Read more.. Date : Feb 13 Source: ET Energy World
|
Renault plans EV under Rs 10 lakh in India, says Renault India CEOThe French automaker Renault will be bringing the best-priced EV in the mass market in the next two years, claims Venkatraman Mamillapalle, CEO and MD, Renault India. In an exclusive interaction with ETAuto, Mamillapalle said the brand which is known for segment creation and its affordable prices may launch its upcoming EV under the price range of Rs 10 lakh. That EV could be a Kwid EV as Groupe Renault SVP, Chairman AMI-Pacific, Fabrice Cambolive in another interaction revealed, "Kwid, built on CMF-A platform, is a perfect body to receive electrification and that's what we are working on... Read more.. Date : Feb 13 Source: ET Auto
|
Ather Energy to look beyond 2-wheelers in 5 yearsBengaluru-based electric scooter manufacturing start-up Ather Energy is considering expanding beyond the two-wheeler space that it currently operates in, in the next 4-5 years, said the company’s co-founder and chief executive officer, Tarun Mehta. It is looking at raising more funds through a Series D route after July, once its new product, the 450X, is on the road, he said. The Hero Moto Corp Ltd-backed start-up will be directing these funds more towards operations, expansion and sales this time, as opposed to the earlier pronounced focus on research and development, he said. The last... Read more.. Date : Feb 13 Source: The Hindu Business Line
|
Bosch works with Indian carmakers on hybrid techAuto components maker Bosch is working with Indian original equipment manufacturers (OEM) to provide hybrid vehicle solutions, apart from the traditional internal combustion engines and the new age electric ones, Jan Roehrl, executive vice-president and chief technology officer, said. “In the near future, you will see hybrids from Indian OEMs and just not only from the global counterparts,” he said, adding that Bosch was exploring both petrol and diesel hybrid variants in India. “This is about providing a technology that is serving a greater target of emission free and CO2 neutral mobility... Read more.. Date : Feb 13 Source: ET Energy World
|
Air pollution costs India $150 billion a yearAir pollution from burning fossil fuels is generating economic losses of $8 billion a day, according to a Greenpeace report. That’s about 3.3% of global gross domestic product, or $2.9 trillion per year, according to a report from Greenpeace Southeast Asia and Center for Research on Energy and Clean Air. China, the US and India bear the highest economic cost of soaring pollution, at an estimated $900 billion, $600 billion and $150 billion a year, respectively. Air pollution continues to harm billions of people on a daily basis, despite efforts by some countries and companies to push for... Read more.. Date : Feb 13 Source: Livemint
|
After No EV In Budget 2020, Govt Gives In-Principle Nod For 2600 Charging StationsThe month of February began on a dull-note for India’s electric vehicle industry as the finance minister Nirmala Sitharaman missed mentioning the booming e-mobility opportunity in the country and its players in the Union Budget 2020. This was followed by Auto Expo haul in the capital city which brought in new launches as well as new commitments from larger manufacturers. Now, the government has supposedly woke up from its slumber for e-mobility ambitions and is looking to support electric vehicles charging infrastructure. An ET report citing officials said that the government has given an... Read more.. Date : Feb 13 Source: Inc42
|
MNRE opens facilitation centre for renewable energy investorsThe Union Ministry of New and Renewable Energy (MNRE) has opened an Industry and Investors’ Facilitation Centre in the Ministry. This will work as a focal point to provide correct and timely information on policies and programmes of the Government and also resolve issues of the renewable energy (RE) investors and industry in the country. Underlining the importance of this Centre, power minister R.K. Singh said, “We are committed to increase our share of RE to 40% of our total power generation capacity by 2030 to mark India’s significant contribution towards mitigating climate change... Read more.. Date : Feb 12 Source: PV Magazine India
|
Maharashtra: Solar players urge MERC to scrap GSCA large number of solar equipment suppliers and manufacturers have urged Maharashtra Electricity Regulatory Commission (MERC) to scrap grid support charge (GSC) proposed by MSEDCL on solar rooftop consumers. Vanamati hall, where the commission held a public hearing on MSEDCL’s power tariff hike petition, was jam-packed on Tuesday and most of the consumers were solar players. The Maharashtra State Electricity Distribution Company Ltd (MSEDCL) has proposed astronomical GSC, which if approved by the MERC, will make solar power costlier than the discom power. The MSEDCL wants to scuttle solar... Read more.. Date : Feb 12 Source: ET Energy World
|
EESL Floats New Tender to Procure Electric CarsIn its drive to promote more & more adoption of electric vehicles (EVs) in the country, state-owned Energy Efficiency Services Ltd (EESL) has issued a new tender for the procurement of electric cars (e-cars). As per the tender details, EESL will procure 1,000 e-cars with extended range above 180 Km as per the ARAI. These electric cars must be having a warranty period of three years along with three years of comprehensive AMC. Besides, the electric cars must be having separate “warranty of six years plus six years of comprehensive AMC – design, manufacture, on-site supply and... Read more.. Date : Feb 12 Source: Saur Energy International
|
In a world-first, India’s dozen major ports now run fully on renewable energyThe dozen state-owned major ports in the country have switched to renewable energy to meet their entire power requirements, making India the first nation to have all government-owned ports running on solar and wind energy. Under a ‘green port’ initiative, the Shipping Ministry had directed all the major ports to install grid-connected and roof-top solar and wind power projects to facilitate day-to-day operations including supplying shore-power to visiting ships in an eco-friendly manner. The 12 state-owned ports are Deendayal Port Trust, Mumbai Port Trust, Jawaharlal Nehru Port Trust, New... Read more.. Date : Feb 12 Source: The Hindu Business Line
|
India may find it difficult to meet its 175 GW target by 2022, finds CSE and Down To Earth’s State of India’s Environment reportIndia’s renewable energy (RE) sector seems to be losing steam, even as the total capacity has reached almost 86 GW by December 2019, says the latest State of India’s Environment Annualreport, released here at the 2020 Annual Media Conclave and Anil Agarwal Dialogue. India has set itself atarget of 175 gigaWatt (GW) RE capacity by 2022 -- mainly in the form of 100 GW solar (60 GW utility-scale and 40 GW rooftop) and 60 GW wind. Between 2014 and 2018, the RE sector grew from 2.6 GW to 28 GW -- a cumulative aggregated growth rate of around 18 per cent. But, says the report, “there has been a... Read more.. Date : Feb 12 Source: CSE India
|
TERI, SDC launch Clean Air Project in India to reduce air pollution in four Indian citiesLucknow and Kanpur in Uttar Pradesh and Pune and Nashik in Maharashtra will launch the Clean Air Project in India (CAP India) initiative to improve air quality in their cities. This project will be implemented by The Energy and Resources Institute (TERI) in partnership with city authorities. CAP India was announced at the World Sustainable Development Summit 2020 being held in New Delhi. The CAP India programme will focus on improving data measurement, enhancing capacities of city and state authorities to implement clean air policies and action plans, and raising public awareness for clean... Read more.. Date : Feb 12 Source: Business World Smart Cities
|
Tamil Nadu: Manufacturers raise concerns over central govt’s announcement on solar pumpsPump manufacturers from the city say they have little to cheer about the announcement in Union Budget that the central government would provide funds to 20 lakh farmers to set up solar pumps. Finance minister Nirmala Sitharaman had announced in the Union Budget on February 1 that the Centre, under the Pradhan Mantri Kisan Urja Suraksha Utthan Mahabhiyan (PM Kusum) scheme, would provide funds to 20 lakh farmers to set up stand-alone solar pumps. However, pump manufacturers from the district, a hub which caters to around 55 per cent of the country’s pump demands, said the announcement has... Read more.. Date : Feb 12 Source: ET Energy World
|
Greaves revs up e-mobility business as electric two- and three-wheeler sales hit top gearGreaves Cotton plans new products, network expansion and other initiatives to strengthen its electric mobility business with growing sales of its electric two-wheelers and three-wheelers. For the December 2019 quarter, electric two-wheeler sales grew 22 per cent at 4,944 units when compared with 4,046 units in the year-ago period. E-rickshaw sales zoomed to 1,565 units from 385 units in December 2018 quarter. For the nine-month period, electric two-wheeler sales stood at 13,358 units, posting a growth of 23 per cent. Total sales of e-rickshaws grew significantly to 3,464 units from 429... Read more.. Date : Feb 12 Source: The Hindu Business Line
|
Electric cars won't sell much, but electric three-wheelers will dominate market: reportElectric three-wheelers or e-rickshaws that have become the face of electric mobility in India are set to corner about 50 per cent of all three-wheelers sold in the country as early as 2024, according to a report by Crisil Research. Electrification will also gain traction in two-wheelers in the next 4 years accounting for about 12-17 per cent of all new two-wheeler sales, but traction in four-wheelers will be slow with only 5 per cent of new car sales estimated to be electric. The study looked at demand, supply and policy growth drivers for EVs such as battery costs, government subsidy and... Read more.. Date : Feb 12 Source: Business Today
|
1 Million Jobs Likely To Generate By Recycling Industry: MRAIThe national association of recycling industries Material Recycling Association of India (MRAI), with over 1200+ members, has called on the Government for early implementation of National Recycling Policy for furthering the Nation Building objectives. Leveraging the recycling possibilities could yield manifold benefits to the economy, including faster actualization of its $5 trillion target and generating millions jobs, it added while addressing media during a press meet held on the eve of its 7th International Material Recycling Conference in Delhi. Mr. Sanjay Mehta, President, MRAI says... Read more.. Date : Feb 12 Source: Business World
|
