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Sustainability Outlook Headlines
Global energy-related carbon emissions flat in 2019Global energy-related emissions of heat-trapping carbon dioxide remained steady last year, with declines in rich countries balancing out a rise in poor nations, according to data published Tuesday. The International Energy Agency said emissions of the main man-made greenhouse gas stayed at 33 gigatons in 2019, even as the world economy grew by 2.9%. “This was primarily due to declining emissions from electricity generation in advanced economies, thanks to the expanding role of renewable sources (mainly wind and solar), fuel switching from coal to natural gas, and higher nuclear power... Read more.. Date : Feb 12 Source: Associated Press
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India Energy for all Summit 2020CLEAN in partnership with NITI Aayog, Government of India and International Solar Alliance (ISA), Summit Partners: AEEE, CEEW, CSIS, Good Energies Foundation, MECS, GIZ, IRADe, GOGLA, NRDC, NTPC, Selco Foundation, SwitchOn Foundation, Shakti Sustainable Energy Foundation, USAID, Villgro, WRI India, SPACE10 and Social Alpha. Communications Partner: Power for All and Media Partner: Electric & Power Review, Sustainability Outlook and Sustainability Next organised the fourth edition of India Energy for All Summit (IEAS) from 4-5 February... Read more.. |
India’s Solar and Wind Capacity to Reach 135 GW by 2024: BTIAccording to a new report, India’s solar and wind generation capacity has been predicted to reach 135 gigawatts (GW) by the end of 2024 up from the 77 GW capacity it had reached at the end of 2019. “Notwithstanding the various operational and financial challenges and growing risk aversion, we expect the record low solar tariff level to be breached in the next one to two years,” said renewable energy consultancy Bridge to India. in its report titled ‘India renewables outlook 2024’. The report further revealed that there would be a move away from vanilla tenders to complex schemes including... Read more.. Date : Feb 11 Source: Saur Energy International
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Govt set to privatise solar products manufacturer CEL, invites bids by March 16The government is set to privatise Central Electronics Ltd, a CPSE under the Department of Science and Technology, by selling its 100 per cent stake with management control and has invited the Expression of Interest for the same by March 16. The selected bidder will be required to lock in its shares for a period of three years during which it cannot undertake the sale of its stake in CEL, the PIM (Preliminary Information Memorandum) said. "The government of India has 'in-principle' decided to disinvest 100 per cent of its equity shareholding in CEL (which is equivalent to 100 per cent of... Read more.. Date : Feb 11 Source: ET Energy World
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Delhi: Nod to expand waste plant at Okhla draws ire of localsGoing back on its previous directions, the Union ministry of environment and forest (MoEF) has now allowed the Okhla waste-to-energy plant to increase its power generation from 16 MW to 23 MW by amending the environmental clearance the plant had received in 2007. The latest documents, which have been accessed by TOI, show the environment ministry has allowed the plant to increase its generation by 7 MW “without increasing the municipal solid waste (MSW) intake and without installing any additional equipment.” “..The ministry hereby amends the environmental clearance dated 21.3.2007 and 9.5... Read more.. Date : Feb 11 Source: ET Energy World
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West Bengal to switch to lease model for procuring electric busesThe West Bengal government has decided to switch to "lease model" for procuring new electric buses to overcome high initial capital expenditure, a senior official of the state Transport department said. Under leasing or an opex model the bus would be operated by the state Transport department and ticketing responsibility will stay with them and would pay the rental based on per kilometre basis through a competitive tendering basis, the official said. "We will now procure 50 new electric buses on dry lease. This is an opex model compared to previous acquisitions on a capex model," Transport... Read more.. Date : Feb 11 Source: ET Auto
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BHEL commissions two hydro power generating units in Arunachal PradeshState-owned BHEL on Monday said it has commissioned two units of Kameng Hydroelectric Project (HEP) in Arunachal Pradesh. Kameng HEP is a run-of-the river scheme which will utilise the flow from Bichom and Tenga rivers. "Bharat Heavy Electricals Ltd (BHEL) has successfully commissioned two units of 4x150 mw Kameng Hydroelectric Project in Arunachal Pradesh," the state-owned company said, adding that "this is the largest unit rating (150 mw) for hydro power generating sets in the state of Arunachal Pradesh." Being developed by North Eastern Electric Power Corporation Ltd (NEEPCO), the... Read more.. Date : Feb 11 Source: ET Energy World
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Efficiency parameters soon to aid EV battery swappingThe government will soon frame efficiency parameters for batteries powering electric vehicles (EVs) as it invites bids for setting up gigafactories or giant battery plants in India. A high-level panel has been set up under the Bureau of Energy Efficiency to frame performance criteria and efficiency parameters that can help battery swapping in EVs. A senior government official told ET that there was an agreement at a NITI Aayog CEO Amitabh Kant-led meeting last month on battery swapping option to be adopted for quicker uptake of EVs and hence the need for standardisation of advanced... Read more.. Date : Feb 11 Source: ET Energy World
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Eversource buys ex investment banker's biz, enters solar rooftop spaceEverSource Capital, a JV between PE firm Everstone Capital and Lightsource BP, has acquired Origin Renewables - a company which is into solar rooftop space, as part of entering the rooftop focused commercial and industrial (C&I) business. Origin, which develops and invests in solar rooftop and other renewable projects on a Operational Expenditure (OPEX) or Build Own Operate and Transfer (BOOT) model, was owned by Manikkan Sangameswaran, a former investment banker worked with Babcock & Brown, ABN AMRO and UBS Securities. Origin had implemented solar rooftop projects with a capacity... Read more.. Date : Feb 11 Source: ET Energy World
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More People Displaced Due to Natural Disasters, Climate Change Than by Conflicts and War in 2018: ReportIn 1990, the Intergovernmental Panel on Climate Change (IPCC) had noted that the single greatest impact of climate change will be on human migration. Three decades later, a study has revealed that in 2018, of the new 28 million internally displaced people in 148 countries, 61 per cent were due to disasters. In comparison, 39 per cent were displaced due to conflict and violence. Experts believe that by 2050, more than 200 million people will be forced to flee their homes. These statistics feature in a series of articles on migration in the latest State of India’s Environment 2020 report.... Read more.. Date : Feb 11 Source: News18
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Rajasthan to bring policy for environmental protectionRajasthan Chief Minister Ashok Gehlot on Sunday said the state government will soon bring a new policy for environmental protection as he noted that global climate change is a serious challenge. Gehlot was addressing the annual media conclave on environment at Anil Agarwal Environment Training Institute, Neemali in Alwar district. "Indiscriminate race for development has led to climate change around the world, the consequences of which are being seen," the chief minister said. He noted that global climate change is a "serious challenge". "All of us should play positive role for... Read more.. Date : Feb 10 Source: ET Energy World
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Kolkata: Solar panels on depot roofs to charge e-busesThe West Bengal Transport Corporation (WBTC) is set to generate power through solar panels on depot roofs to recharge its electric vehicles. The Energy and Resource Institute (TERI) has conducted a study and found significant savings in annual electricity bills. In a study at the WBTC Kasba depot, TERI found highly feasible strategies for electrification of public transport in Kolkata by powering the charging stations at major WBTC depots through solar energy. Actual site survey and measurements of power consumption patterns were performed as part of the study. At a discussion on electric... Read more.. Date : Feb 10 Source: Times of India
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Solar storage tariff spells trouble for coalWhen solar power tariff dropped to Rs 2.44 per unit for the first time in May 2017, it set a record for cheapest electricity, busted the myth of renewable power being unaffordable and opened a Pandora’s box for conventional power plants by challenging coal’s dominance as the primary source of energy. In an eerie feeling of deja-vu some 20 months on, the latest auction of storage-based solar project with assured peak-hour supply may have driven another nail into the coffin for coal by setting a world record for cheapest solar storage power — with the added commitment of almost round-the-... Read more.. Date : Feb 10 Source: ET Energy World
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Pure EV launches electric scooter ‘EPluto 7G’Pure EV, a start-up incubated at the Indian Institute of Technology, Hyderabad, on Sunday launched its High Speed Electric Scooter ‘EPluto 7G’ here. V K Saraswat, Member, NITI Aayog, G Satheesh Reddy, Chairman, Defence Research and Development Organisation (DRDO),and Prof B S Murty, Director, IIT Hyderabad,launched the vehicle at the institutes campus, a company release said. “E-mobility is an upcoming sector and one of the most disruptive ones. We are not only looking at the vehicular aspect, but also the supply chain. The value addition being done is very high by the start-up and is... Read more.. Date : Feb 10 Source: The Hindu Business Line
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Mahle develops IPM Motor for 2W, 3W EVs in IndiaAutomotive parts supplier Mahle has devloped a low voltage IPM Motor designed to operate on a variety of small electric vehicles, especially electric 2- and 3-wheelers. Mahle recently increased its stake in its former 50:50 Joint Venture Mahle Electric Drives India (MEDI) to 90 per cent, the company said in a release. MEDI is developer and supplier of various e-mobility products. Raj Kalra, President MAHLE India, said “Sensing the opportunities in the electric vehicle market in India we have planned local production of electric drive systems here. The IPM Motors for example are greener... Read more.. Date : Feb 10 Source: ET Auto
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SoftBank, Mahindra Electric May Ink Partnership To Push EV SolutionsJapanese multinational conglomerate SoftBank is reportedly in preliminary talks with Indian emobility giant Mahindra Electric to formulate a strategic partnership. The alliance might also include SoftBank getting a minority stake in Mahindra Electric. As per a Business Standard report, SoftBank and Mahindra Electric’s tie-up is still uncertain. The report adds that Mahindra is talking to a diversified range of potential investors. These investors also include players who can help Mahindra in developing EVs, powertrains, chargers and other emobility solutions. However, SoftBank can help... Read more.. Date : Feb 10 Source: Inc42
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Siemens Gamesa beats Suzlon to lead wind turbine market in IndiaIndia has added 2.4GW of new wind capacity in 2019 against 2.3GW in 2019, according to research report from BloombergNEF (BNEF). Siemens Gamesa Renewable Energy has emerged as the top wind turbine supplier in 2019 in India, beating Suzlon. Vestas, Inox Wind, GE Renewable Energy and Envision Energy together grabbed 47 percent market share. The remaining 4 percent was supplied by five other manufacturers. A hangover from last year’s problems over land acquisition and transmission connectivity will trouble wind project developers and manufacturers in 2020. The wind energy players are expect... Read more.. Date : Feb 10 Source: Green Tech Lead
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India's national transmission grid must urgently modernise to increase rate of renewable energy adoption: StudyIndia's national transmission grid must urgently modernise to increase rate of renewable energy adoption, a study by Institute for Energy Economics and Financial Analysis (IEEFA) suggests. “This is a key prerequisite for achieving renewable energy investment ambitions while accelerating its progress,” the study indicated. As of December 2019, India had installed 86 gigawatts (GW) of renewable energy capacity. The country has an ambitious target of 175GW of variable renewable energy by 2022, rising to 450GW by 2030. “Renewable energy resources are abundant in India, but not evenly spread.... Read more.. Date : Feb 10 Source: ET Energy World
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The biggest challenge for mass adoption of electric vehicles in India: PriceMore so than anywhere else, automakers are chasing the holy grail of electric mobility in India: a lower price. Mahindra & Mahindra Ltd.’s launch of its e-KUV at a price of ₹825,000 ($11, 587), compared to its next cleanest option -- a mid-range petrol variant at ₹650,000 -- highlights the challenge of pricing electric cars that can entice buyers. A global model such as Hyundai Motor India Ltd.’s Kona electric SUV starts at ₹25 lakh and has sold just about 300 units in seven months since its launch. More than half of the passenger vehicles sold in India last year cost $8,000 or less,... Read more.. Date : Feb 10 Source: Livemint
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CEA Report Shows RE Generation Increased by 17.2% YoY in December 19The latest report by the Central Electricity Authority (CEA) tracking the monthly renewable energy generation in India for the month of December 2019 has revealed that electricity generated from renewable energy (RE) sources increased by 17.2 percent year over year (YoY) from the same month in 2018, and 23.9 percent over the previous month (Nov’19). RE December CEA A total of 10647.33 million units of renewable energy was generated compared to 9083.27 MUs in the same month last year. Furthermore, the report has revealed that with around 1508.51 MW of new renewable energy capacity added... Read more.. Date : Feb 10 Source: Saur Energy International
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Renewables to contribute 21 per cent of electricity demand in India in 2021-22: RK SinghRenewable energy sources are expected to account for around 21 per cent of electricity demand in 2021-22, Power Minister R K Singh said on Thursday. "As per Central Electricity Authority's National Electricity Plan, contribution of renewable energy sources is estimated to be around 21 per cent of the total electricity demand of the country in the year 2021-22 and 24 per cent by 2026-27," Singh was quoted as saying in a statement issued by the power ministry The major steps being taken by the government to meet the targets of renewable energy in the country include permitting Foreign Direct... Read more.. Date : Feb 7 Source: ET - Energy World
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Total to buy 50% stake in Adani solar unit for $510 millionAdani Green Energy (AGEL) said on Thursday that Total SA has signed a binding agreement wherein the French energy giant will invest $510 million to acquire 50% stake in the upcoming unit which will house AGEL’s 2,148 megawatt (MW) of currently operational solar projects. The acquisition is part of Total’s target of building a portfolio of low-carbon businesses that could account for 15% to 20% of its sales by 2040. Under a separate deal, the two firms will also build an 800-MW solar power plant in Qatar. The average tariff of AGEL’s operational solar plants is Rs4.82/unit and has a capex... Read more.. Date : Feb 7 Source: Financial Express
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Rajasthan power commission approves up to 11% hike in electricity tariffsThe Rajasthan Electricity Regulatory Commission on February 6 revised the power tariff for different categories of consumers with a projected revenue increase of nearly Rs 4,800 crore annually. The overall increase in power tariff is 11 per cent which will be applicable from January 1, the commission's chairperson Shreemat Pandey said. The revised tariff will generate additional revenue of Rs 792 crore in the last two months (February and March) of the current fiscal year. Rajasthan energy minister B D Kalla informed that 57 per cent consumers will be unaffected with the increase in power... Read more.. Date : Feb 7 Source: Money Control
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Hero Cycles to invest Rs 250 cr to set up eCycle valley in PunjabThe country's largest bicycle maker Hero Cycles would invest around 250 crore to set up an eCycle valley in Punjab, where it would have an entire ecosystem for manufacturing electric bicycle. The total investment in 100-acre project would be around Rs 600 crore, in which the rest amount of Rs 350 crore would be invested through joint venture partners and ancillary units, said Hero Motors Company Chairman & Managing Pankaj M Munjal in Thursday. Besides, the company aims to have around 10 per cent share of the growing electric bicycle market globally by 2022. According to him, 70 to 80... Read more.. Date : Feb 7 Source: Business Standard
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India's auto industry has leapfrogged to BSVI in record time: Nitin GadkariFour years ago, a tweet by Minister of Road Transport and Highways Nitin Gadkari had set the cat among the pigeons in India’s automobile industry. “My colleagues — Prakash Javadekar, Anant Geete, Dharmendra Pradhan — and I have taken the unanimous decision to leapfrog from Bharat Stage (BS)-IV to BS-VI directly from April 1, 2020,” read the post. Four years since, a lot has changed. Automakers in India have nearly completed the onerous task Gadkari had chalked up. In his address to industry leaders at the AutoExpo in Greater Noida, Gadkari, who has often pulled up automakers... Read more.. Date : Feb 7 Source: Business Standard
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