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Sustainability Outlook Headlines
300 e-buses to hit Mumbai roadsBEST's fleet strength will go up by 300 electric buses, being procured for Mumbai under FAME-2 (Faster Adoption and Manufacturing of Hybrid & Electric Vehicles) scheme/subsidy of the Central government. The buses, whose 10-year-contract for Rs 1,259 crore will come up for clearance at the committee meeting on Wednesday, are being opposed by some panel members. Sunil Ganacharya (BJP) said BEST must first maintain its own fleet, which gone below the mandatory 3,337 buses. Date : Jan 30 Source: ET Energy World
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No bidders for e-buses, NMC seeks extension of deadlineFor the second consecutive time, the Nagpur Municipal Corporation’s transport department has found no bidders for supplying 40 electric buses, sanctioned by the central government last year. The NMC has already missed two deadlines. “Now, we have sought another extension till February 29,” said an official. In August 2019, the department of heavy industries and public enterprises had sanctioned 100 electric buses for NMC under Phase-II of faster adoption and manufacturing of electric vehicles (FAME) in India. Unable to deal with its present financial crisis, the NMC had reduced its... Read more.. Date : Jan 30 Source: The Times of India
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EDF Renewables and SITAC Commission 105 MW Wind Plant in IndiaEDF Renewables and its partner for wind power generation in India, the SITAC Group, have announced the commissioning of the Verdant project, a new wind farm of 105 MW installed capacity in India. Located in the State of Gujarat, one of India’s windiest regions, the 105 MW Verdant wind farm is composed of 50 wind turbines. Its production will cover the equivalent of the annual energy needs of more than 300,000 Indian households and thereby saves around 360,000 tonnes of CO2 emissions annually. The development, financing and construction of the wind farm has been undertaken by SITAC... Read more.. Date : Jan 30 Source: Saur Energy
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India needs to prioritise solar rooftop among residential, industrial users: ReportIndia needs to prioritise solar rooftop among residential and industrial users for achieving its 100GW solar energy target by 2022, a report said. Demand aggregation mechanism' could help accelerate energy efficiency and scale up the deployment of solar power in residential apartment complexes and MSMEs, according to the World Resource Institute (WRI) India. "For India to achieve its 100 GW solar energy target in just two years, by 2022, and to emerge as a leader in climate action, it needs to prioritise solar rooftop photovoltaic (PV) among two key users - residential buildings and the... Read more.. Date : Jan 30 Source: ET Energy World
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Jobs: India needs 1,000 GW of solar power capacity to replace coal workersIndia would need 1,000 gigawatt (GW) of solar power capacity to replace coal mining jobs, according to a recent study. With a mounting global pressure to shift away from coal and adopt renewable energy sources, ensuring that coal miners find jobs locally in other industries is now a prerequisite. According to the study published in the journal, Environmental Research Letters, there is a complete mismatch between areas in India suitable for wind power and areas where coal mining is currently happening today. “Thus, creating wind jobs is not really an option in coal mining areas in India.... Read more.. Date : Jan 30 Source: ET Energy World
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Ather Energy gets patent for light-weight charging connector for EVsElectric two-wheeler firm Ather Energy has received patent for an ergonomic, light-weight and compact charging connector to suit small electric vehicles and power banks. According to the company filing with the patent office, the connector will have a charging socket mounted on a hand-held unit, which will have an angular grip for ease of use. The application was filed in June 2017. Date : Jan 30 Source: Business Standard
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Maruti Suzuki to display green sustainable mobility at Auto ExpoMaruti Suzuki India (MSIL) on Wednesday said it will display a bouquet of new products and technologies at the upcoming Auto Expo - The Motor Show 2020. Making strides in CNG and Hybrid vehicles, the company will strengthen its resolve in the domain of green sustainable mobility. It will use the Auto Expo as a platform to showcase a new design language for the future utility vehicles, MSIL said in a syatement. “The key highlight of the 15th edition of the Auto Expo is our resolve to bring greener technologies for mass adoption. Auto Expo 2020 is yet another opportunity for us to bring... Read more.. Date : Jan 30 Source: The Hindu Business Line
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Okaya to Set Up EV Charging Infra for ATS Buildings Pan-IndiaWith an aim to join the e-mobility rally of India, real estate developer ATS Homes Pvt Ltd (ATS) has signed a Memorandum of Understanding (MoU) with Okaya Power. Okaya Electric Vehicle ChargerAs per the MoU signed, Okaya will furnish the premises of ATS on pan-India with it’s an in-house built electrical vehicle (EV) charging infrastructure and solutions. The move came as the two companies recognize the importance of the development of EV charging infrastructure at workplaces, residential buildings and other premises of ATS across the country. Besides, ATS has taken this step to adhere to... Read more.. Date : Jan 30 Source: Saur Energy
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Back on EV trail, Hero MotoCorp set to launch DuetClose on the heels of launches by Bajaj Auto and TVS Motor Company, India’s largest two-wheeler maker Hero MotoCorp is getting ready to launch its first electric scooter Duet E. The maker of Splendor and Passion could be launching the battery powered scooter in the next few months, one of the component suppliers to the Duet E told Moneycontrol. But it's not known if the launch of the electric scooter means that the Munjal family has resolved a dispute over the use of the Hero brand. A 2010 settlement had prevented Hero MotorCorp from using the brand for electric scooters. Bajaj Auto has... Read more.. Date : Jan 30 Source: Money Control
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Solar energy startup Cygni eyeing Myanmar, Bangladesh export marketsSolar energy startup Cygni, an Indian Institute of Technology, Madras incubatee company, is looking to break into the lucrative export markets in Myanmar and Bangladesh. The company, which manufactures solar power backup and DC (direct current) micro-grid solutions, apart from battery for electric vehicles at its Hyderabad plant, is planning to explore the offshore markets from the next 2020-21 financial year, Cygni Energy CEO Venkat Rajaraman told Business Standard here on Wednesday. “While we are targetting to double our revenues from nearly Rs 100 crore in 2018-19 to more than Rs 200... Read more.. Date : Jan 30 Source: Business Standard
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Budget 2020: Renewable energy Industry demands GST restructuring, smooth clearancesWith this year’s Union Budget scheduled to be tabled on 1 February 2020, renewable energy industry’s expectations are high and all eyes are on Finance Minister Nirmala Sitharaman making big bang announcements for the sector. While a majority of the industry stakeholders expect some sort of restructuring in the goods and services tax (GST) for solar and wind energy equipment, others are anticipating a single-window approval system and favourable net-metering regulations. Industry heads are hoping for a range of announcements ranging from putting an end to central financial assistance (CFA)... Read more.. Date : Jan 29 Source: Energy World - Economic Times
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3 developers call off NTPC’s solar contracts over regulatory delaysSolar power contracts of three major power plant developers with state-run NTPC Ltd have been cancelled due to delays in regulatory approvals, potentially disrupting India’s clean energy trajectory by knocking 1,400MW off it. These firms had participated in what was the first interstate transmission system (ISTS)-connected solar auction conducted by NTPC, India’s largest power generation utility, for building power plants and supplying 2,000MW in August 2018. These bids contributed toward lowering India’s solar power tariff trajectory. While Acme Solar Holdings, Shapoorji Pallonji... Read more.. Date : Jan 29 Source: Livemint
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Energy startup gets fundingNative Angel Network, an investor in native startups, has invested in a Bengaluru-based renewable energy startup, Carbon Masters. Native Angel Network, an arm of Madurai-based Nativelead Foundation, had last year invested Rs 65lakh in a city-based startup, ‘VilFresh’, which supplies packaged fresh milk within three hours of procurement. Carbon Masters, which has managed to get funding of Rs 1.67crore, also received investments from Indian Angel Network and VC Sangam Ventures. The company has developed a bottled bio CNG (compressed natural gas) brand ‘Carbonlites’. “It is made by converting... Read more.. Date : Jan 29 Source: Times of India
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Recycled electric batteries an untapped marketAs the e-mobility drive gets stronger, it’s already clear that there will soon be huge piles of discarded electric batteries. Some of the materials used to make them are clearly too precious to be thrown away, though. recycled-electric-batteries-marketexpress-inIt’s a huge challenge to electrify private and public transport, and if we rise to that challenge, the next big headache is just around the corner. Electric cars need powerful batteries containing a number of metals and rare earths. Of those, we only have a limited supply as they’re not renewable. Right now, there are still no grave... Read more.. Date : Jan 29 Source: Market Express
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Auto sector seeks incentive-based scrappage scheme in budgetIn its efforts to boost the slowdown-battered automobile sector, the industry has demand an incentive-based vehicle scrappage scheme for removal of old vehicles. The Society of Indian Automobile Manufacturers (SIAM) has sent this and other recommendations to the government for the upcoming Budget 2020-21. Besides, SIAM has called for a reduction in GST rate on vehicles to 18 per cent from the current 28 per cent. "... we have urged the Finance Ministry to consider announcing a incentive-based scrappage policy and also increase Budget allocation for ICE bus procurement by State transport... Read more.. Date : Jan 29 Source: Sify
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US-based DEP unveils EV scooter prototype for Indian marketUnveils an electric scooter prototype to show its prowess US-based Detroit Engineered Products (DEP), an engineering solutions and product development company, is keen to offer its expertise in developing electric vehicles (EVs) and its associated systems at a frugal cost for the Indian market. Headquartered in Michigan, the company has come out with a prototype of an electric scooter meant for the Indian market which has been developed by its team to showcase its design and development capabilities in the domain of future automotive technologies. To address the issue of range anxiety, the... Read more.. Date : Jan 29 Source: The Hindu - Business Line
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Bajaj Auto launches BS-VI version of CT, Platina models; price starts at Rs 40,794Bajaj Auto Ltd on Tuesday said it has launched a BS-VI compliant range of its CT and Platina motorcycle models at a starting price of Rs 40,794 (ex-showroom Delhi). The BS-VI compliant CT and Platina come equipped with electronic injection (EI) system designed by the company's R&D centre along with leading component partners, Bajaj Auto said in a statement. The CT BS-VI range will continue to offer two engine options, 100cc and 110cc with price starting at Rs 40,794 (ex-showroom Delhi), it added. The Platina range will also come in two variants, 100cc and 110cc H-Gear and prices start... Read more.. Date : Jan 29 Source: Money Control
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ESG funds: Limited track record, but a well-diversified themeThe theme that involves investing in companies that adopt environment friendly policies, or bring in products or practices that influence society positively or have a demonstrated record of good governance is prevalent worldwide. The roll out of the Axis ESG Equity Fund has ignited the interest around the topic in India. Sustainable investing refers to investing in a portfolio of stocks that are handpicked after assessing them on environmental (E), social (S) and governance (G) parameters – ESG. Why Sustainable Investing? Unlike most investment approaches, which focus only on returns, ESG... Read more.. Date : Jan 29 Source: Money control
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Sustainability Outlook partners with Energy and Environment Foundation for World Future Fuel Summit and Expo
World Future Fuel Summit & Expo 2020 scheduled from February 15 to 17, 2020 will focus on ‘Sustainable Future Fuel for Global Climate Change... Read more.. |
Sustainability Outlook partners with CLEAN for India Energy for all Summit 2020Clean Energy Access Network (CLEAN) in partnership with NITI Aayog, Government of India is organising the fourth edition of India Energy for All Summit (IEAS) from 4-5 February 2020 at the India Habitat Centre, New Delhi. India is one of the fastest growing economies in the world. There is a serious need to keep the economic growth aligned with climate change commitments. Responsible production and consumption of clean and affordable energy at source therefore needs to be practiced widely and regularly. CLEAN... Read more.. |
NLC eyes 21,011 Mw power generation by 2025, renewables to make up 4,200 MwNLC India Ltd (formerly known as Neyveli Lignite Corporation), the Navaratna company under the Ministry of Coal, has set a target to reach 21,011 Mw power generation by 2025. The company which was traditionally a lignite and coal-based power producer is planning to generate over 4,200 mega watts through renewables. Rakesh Kumar, Chairman-cum-Managing Director of NLCIL said that growth of power sector is key to the development of the country as it facilitates development across various sectors of the economy. India has already set a renewable energy target of 175 Gw in order to achieve a... Read more.. Date : Jan 28 Source: Business Standard
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By 2024, railways to run 100 percent on electricity: Piyush GoyalUnion Commerce and Industry Minister Piyush Goyal on Monday announced that the entire network of railways in the country will run on electricity by 2024. "We are embarking on rapid electrification of the rail network by 2024, we expect the entire railways to be 100 percent run on electricity," Goyal said at the India-Brazil Business Forum. "It will be the first railway in the entire world, of this scale and size, to be run on electricity and by 2030, we plan to make the entire railway network a zero-emission network. It will run on clean energy," he added. He said, "India would love to... Read more.. Date : Jan 28 Source: ET Energy World
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EESL gets first electric vehicle from MG Motor to be used by govt officialsState-owned Energy Efficiency Services Ltd (EESL) on Monday got delivery of the first ZS EV of MG Motor India. EESL placed the order for 5 MG ZS EVs that will be used by government officials to further the cause of electric vehicles (EVs) as part of its National E-Mobility Programme, according to a statement. This procurement by EESL is driven by the objective of facilitating faster adoption of disruptive solutions while balancing economic development and environmental sustainability, the statement. With this initiative, EESL seeks to create a market for electric vehicles through its... Read more.. Date : Jan 28 Source: Business Standard
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Delhi-Mumbai electric highway in the works, says GadkariThe government is working on an electric highway between New Delhi and Mumbai at a cost of about Rs 1 lakh crore and has already awarded 60% of the contract for that, Nitin Gadkari, union minister for road transport and highways, said. “It will be a 1,300 km, 12-lane green highway, and our target is to complete it before January 26, 2024,” he said on the sidelines of an event organised by TVS Motors to mark its entry into the electric scooter segment. The highway will pass through the economically backward areas of Haryana, Rajasthan, Gujarat and Maharashtra, which will help the Centre... Read more.. Date : Jan 28 Source: The Times of India
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TVS Motors Enters Indian EV Market With iQube Electric LaunchAfter zeroing down on the use of renewable energy to power electric vehicles (EV) charging stations, Indian motorcycle giant TVS Motors is now betting on entering the electric two-wheeler market directly, starting with the launch of iQube Electric. The motorcycle maker unveiled its first electric scooter iQube, on January 25, priced at INR 1.15 Lakh. The electric scooter comes with three lithium-ion battery packs, which comes with a three year or 50 Km warranty and 75 Km range per charge. Moreover, TVS Motor has also provided a home charging unit that allows iQube Electric users to charge... Read more.. Date : Jan 28 Source: Inc42
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