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Sustainability Outlook Headlines
DAO plans to launch electric two-wheelers in HyderabadChinese electric vehicle manufacturer, DAO EVTech, is all set to launch its operations in India by February 2020. The company has started assembling electric two-wheelers at its leased factory in Hyderabad and will start rolling out the vehicles by February. However, 2020-end the company plans to set up its own automobile complex in Andhra Pradesh near Krishnapatnam Port and have its own manufacturing unit with a capacity of 500,000 vehicles per annum. Currently, the Chinese company will start assembling low-speed electric two-wheelers (with a maximum speed of 40 km/hr) and start supplying... Read more.. Date : Dec 17 Source: Telangana Today
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Google Maps now Shows EV Charging Stations Based on Plug TypeGoogle Maps has received a new filter to classify the Electric Vehicles (EV) charging stations based on plug type. There are different types of charging connectors used by several car manufacturers, for example, Nissan uses CHAdeMO, Tesla uses its instrumentation, and also the BMW and VW use CCS plug kind for charging their cars. Since the emergence of the EV search facility over Google Maps, the users were missing out on the ability to filter results based on the connector type, GizmoChina reported on Sunday. The recent update will surely a sigh of relief for the daily drivers, it will... Read more.. Date : Dec 17 Source: Saur Energy
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Coal endures as world's favorite fuel for electricity generationCoal consumption is set to rise in the coming years as growing demand for electricity in developing countries outpaces a shift to cleaner sources of electricity in industrialized nations. While use of the most polluting fossil fuel had a historic dip in 2019, the International Energy Agency anticipates steady increases in the next five years. That means the world will face a significant challenge in meeting pledges to reduce greenhouse gas emissions that cause global warming. “There are few signs of change," the agency wrote in its annual coal report released in Paris on Tuesday. “Despite... Read more.. Date : Dec 17 Source: Livemint
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India, Germany ink pact for Rs 1,958 cr finance to develop energy-efficient housing programmeIndia has secured a USD 277 million (about Rs 1,900 crore) loan from Germany to establish an energy-efficient housing programme in the country. A loan agreement has been signed between State Bank of India (SBI) and German development bank KfW for USD 277 million to establish an energy-efficient housing programme in India, SBI said in a release. The financial cooperation pact has been signed in October between the Government of India and the Government of Germany. The programme shall be part of the Indo-German Development Co-operation, guided by the 2030 Agenda for Sustainable Development,... Read more.. Date : Dec 17 Source: Business Insider India
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Soon, ‘star ratings’ for solar PV panelsThe Ministry of New and Renewable Energy (MNRE) and the Bureau of Energy Efficiency (BEE) are close to finalising a star rating mechanism for solar Photovoltaic (PV) panels. This is significant because till now the efficiency of energy generation equipment was not rated by the BEE and ratings were largely limited to household appliances such as air conditioners, fans and LED bulbs. According to officials, the efficiency of panels will be assessed while factoring the energy output over the area covered by the panels. These panels will also be assessed on the annual degradation of PV... Read more.. Date : Dec 17 Source: The Hindu Business Line
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Bank of America lends over Rs 350 cr to Solar firm Fourth Partner EnergyBank of America on Monday said it has extended a loan of Rs 356.5 crore to domestic solar player Fourth Partner Energy. This is the first transaction done by the lender in the country, wherein it has extended a local currency credit facility, an official statement said. Fourth Partner will deploy the proceeds to grow its solar operational portfolio over the next 18 months, the statement said. This transaction is part of the lender's 'Environmental Business Initiative' which deploys capital to low-carbon, sustainable business activities and has extended over $145 billion since 2007 through... Read more.. Date : Dec 17 Source: Business Standard
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Tata Motors in alliance talks with Chinese firmsTata Motors Ltd, India’s largest vehicle maker, is in initial talks with a couple of Chinese automobile companies for a tie-up for its passenger vehicles business, three people aware of the development said. These companies may either invest directly in Tata Motors or form a joint venture, the people said, requesting anonymity. Mint could not independently verify the names of the two companies. The collaboration could include joint development of technologies related to electric mobility, sharing of manufacturing capacities, development of engines and platforms and other aspects of the... Read more.. Date : Dec 17 Source: Livemint
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With Make in India, BYD looks to make country EV hub for the regionV Rishi Kumar BYD Co Limited, the diversified business conglomerate based in Shenzhen, China, is on expansion mode in India through the ‘Make in India’ drive. It is in the process of stepping up its engagement in India in the entire electric mobility chain and electronics, while also seeking to transform it as a hub for the region. The company is evaluating the possibility of introducing pure electric passenger vehicles and exploring business prospect for rail transit. Build Your Dreams, set up in the Shenzhen Special Economic Zone in 1995, has made its India entry with a tie up with... Read more.. Date : Dec 17 Source: The Hindu Business Line
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Adani Green’s $362-Million Bonds Issue Gets Global InterestBillionaire Gautam Adani's renewable energy firm Adani Green Energy Ltd.'s $362.5 million (about Rs 2,570 crore) bonds issue attracted interest of investors worldwide, the company said on Monday. This was the first ever deal from India to use an amortising project finance type structure, giving foreign investors a chance to buy investment-grade bonds from India's renewable energy sector. "The Adani Group's aggressive moves in the dollar bond market have led to amplified interest for foreign investors in the Indian renewable energy space," a company statement said, adding that the bond had... Read more.. Date : Dec 17 Source: Bloomberg Quint
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Longest UN climate talks end with no deal on carbon markets, UN chief 'disappointed'The longest UN climate talks ended here on Sunday with no deal on carbon markets as delegates from almost 200 countries failed to come up with more ambitious targets to cut greenhouse gases to fulfil the terms of the 2015 Paris agreement, prompting UN chief Antonio Guterres to lament a "lost opportunity" to fight global warming. The two-week long negotiations which extended till Sunday saw no agreement on major issues such as Article 6, loss and damage, and long term finance. Under the Article 6 of the Paris agreement signed in 2015, the countries had agreed to set up a global carbon... Read more.. Date : Dec 16 Source: ET Energy World
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India must enact stringent law to combat rapidly changing climate: ExpertsWith the chorus against climate change getting louder than ever, countries around the world, including India, have expressed their commitment towards reducing carbon emissions but environmental experts feel that targets will not be achieved effectively unless there is stringent legislation to deal with the issue. The experts were reacting to a recent statement issued by the Centre that it was not thinking about bringing a legislation to tackle the issue. Under the Paris Agreement, India pledged to reduce the emission intensity of its gross domestic product (GHG emissions per unit GDP) by... Read more.. Date : Dec 16 Source: The Economic Times
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Coal Min to set up 'Sustainable Development Cell' to address green concernsThe Coal Ministry on Sunday said it will establish 'Sustainable Development Cell' (SDC) for promoting sustainable coal mining in the country and address environmental concerns at closure of mines. The SDC envisages to address environment mitigation measures in a systemic manner and provide a better environment to people working and residing in the vicinity of mines, the ministry said in a statement. "The Ministry of Coal has decided to establish a 'Sustainable Development Cell' in order to promote environmentally sustainable coal mining in the country and address environmental concerns... Read more.. Date : Dec 16 Source: Business Standard
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Govt forms team to certify facilities of solar power equipment makersIndia has set up a team to certify all solar power generation equipment makers who want to do business in the world’s largest green energy market. The move aims to boost domestic manufacturing and protect its domestic companies from cheap and sub-standard imports. Manufacturers are lining up for certification as the implementation of the new solar power generation equipment sourcing guidelines will start on 1 April. At play is India’s renewable energy programme, which would require $80 billion in investments till 2022. This figure will grow more than three-fold to $300 billion during 2023-... Read more.. Date : Dec 16 Source: Livemint
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Maharashtra: Solar power manufacturers seek relaxation in MERC normsAn umbrella organization of over 1,000 solar system manufacturers from Maharashtra has sought the help of Centre in relaxing proposed draft regulations of the Maharashtra Energy Regulatory Commission (MERC). Maharashtra Solar Sanghthan, the apex body of such manufactures, on Thursday, met Union Power Minister R K Singh in Delhi to raise its apprehensions about the regulations mooted in the solar power sector in Maharashtra. Vipul Joisher, a member of the delegation of solar system manufacturers, said that it was brought to the notice of the Centre that the MERC has been pushing its own... Read more.. Date : Dec 16 Source: ET Energy World
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State RTC asked to drop move to induct eco friendly busesThe Judicial Preview Commission of the Andhra Pradesh government has asked the State Road Transport Corporation to drop the move to induct eco-friendly electric buses into its fleet and suggested purchase of new diesel buses to replace the aged vehicles. It also said there was no need for the government to extend a Rs 45 lakh subsidy per electric bus to the service provider as the state was already under a severe financial duress. Commission Judge B Sivasankara Rao made the crucial recommendations after reviewing the Request for Proposal floated by the RTC in September for hiring 350... Read more.. Date : Dec 16 Source: ET Auto
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Rising pollution in HP: Oppn, govt on the same pageRaising the issue of rising pollution levels and climate change in the winter session of Himachal assembly, Congress MLA Vikramaditya Singh sought the use of government vehicles in carpooling, introduction of electric vehicles and improvement in public transport in order to minimize the use of private vehicles. Papers tabled in the house for discussion revealed that till 1991, number of vehicles (four-wheelers and two-wheelers) was just 13,956, but it went up to 13,88,690 in 2019. “Our coming generations should not take birth in highly polluted atmosphere. A Swedish girl, Greta Thunberg,... Read more.. Date : Dec 16 Source: The Times of India
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Azure Power secures 2,000 MW solar power projectSolar power producer Azure Power has announced that it has received a letter of award (LOA) for a 2 Gigawatt (GW) interstate transmission (ISTS) solar power project with Solar Energy Corporation of India (SECI) to supply power for 25 years at a tariff of Rs 2.92 per kWh. The solar power project can be developed anywhere in India and is expected to be commissioned in staggered annual phases of 500 MW each with the first commissioning expected by 2022 and full commissioning by 2025. Speaking on this occasion, Ranjit Gupta, Chief Executive Officer, Azure Power said, “The tariff is 8 per cent... Read more.. Date : Dec 16 Source: ET Energy World
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Suez to invest ₹1,700 crore on 2 water management projects in IndiaFrance-based Suez SA is working on two water management projects worth £217 million (over ₹1,700 crore) in New Delhi and Mangalore, a company official said. A waste water treatment plant is being set up in Okhla here at a cost of £145 million and will be operational within three years, said Suez Group's senior executive vice president Ana Giros Calpe, who was in the national capital recently. Besides this, a £72 million water distribution project in Mangalore will kick off within a month, Calpe added. The company was awarded the Okhla project by Delhi Jal Board, the governing body for... Read more.. Date : Dec 16 Source: Livemint
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TVS plans to invest Rs 6 crore in green energy in FY20TVS Motor Company is planning to invest around Rs 6 crore in 2019-2020 financial year to enhance implementation of green energies like solar, wind power in its operations, claimed the company. During 2018-19, the two-wheeler manufacturer had invested Rs 8.79 crore towards optimization of compressor, fuel conversion from HSD to Propane for in paint process application and in implementation in order to reduce carbon footprint. It further claims that with Clean Development Mechanism (CDM), the renewable power contributes to 60 per cent in overall share of power for the company. These... Read more.. Date : Dec 16 Source: ET Energy World
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Adani Green may buy rest of Essel’s 480-MW solar assetsAfter selling 205 megawatt (MW) of its operational solar energy portfolio to the Adani Group, the Essel Group has reached an agreement to sell the remaining 480 MW — currently under construction — to Adani Green Energy, two people with direct knowledge of the development said. The Adani Group has agreed in principle to buy out the remaining portfolio, one of the people said. “Adani Green is big on renewable power and has over 5.5 GW of portfolio with almost half of it already operational. After acquiring Essel Group’s solar assets in Punjab, Karnataka and Uttar Pradesh, they have agreed to... Read more.. Date : Dec 16 Source: ET Energy World
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India’s $62 billion sanitation economy is fueling entrepreneurs in renewable energySeveral large multinational companies, including Kimberly Clark, Unilever and Lixil, recently gathered in India with the World Bank, various NGOs and government officials to meet with sanitation entrepreneurs, or sanipreneurs, to address the worldwide sanitation crisis. Their goal: to come up with new ways to turn human waste into valuable resources, including renewable energy. While toilets and indoor plumbing are taken for granted in developed countries, in the developing world — India, parts of Africa or Southeast Asia — it’s not a given. According to the Toilet Board Coalition — a... Read more.. Date : Dec 16 Source: CNBC
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Hyderabad to get fast-charging hubs for EVs in 2020In an effort to encourage the use of e-vehicles in a big way, the Telangana government plans to set up fast-charging stations for hassle-free commuting. “The Telangana State Renewable Energy Development Corporation Ltd (TSREDCO) will install 200 of these fast-charging stations under the Greater Hyderabad Municipal Corporation (GHMC-HMDA-ORR) limits and the locations will be finalised before March 2020,” the corporation’s director N Janaiah told Telangana Today. “It is proposed that at least 30 per cent of these chargers should be powered by solar units,” he said. The State government is... Read more.. Date : Dec 16 Source: Telangana Today
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Surat Municipal Corporation standing committee approves tender for 150 electric busWith Surat Municipal Corporation’s (SMC) standing committee approval of the tender by a Secunderabad-based company for operating 150 electric buses in the diamond city, soon city will replace its diesel-run buses on its dedicated BRTS route. Official sources said that about 40% of the cost for procuring the electric buses will be borne by the central government under the FAME-2 (Faster Adoption and Manufacturing of Hybrid and Electric Vehicles) scheme. However, the state government will be giving 25% subsidy in the operating cost per kilometre of the buses in the city. Sources said that... Read more.. Date : Dec 16 Source: The Times of India
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EESL commissions first EV charging station in south Delhi under pact with SDMCIn a bid to build a robust EV charging infrastructure, state-run Energy Efficiency Service Ltd (EESL) and South Delhi Municipal Corporation (SDMC) on Saturday inaugurated the first electric vehicle public charging station in south Delhi. The inauguration coincides with the National Energy Conservation Day being celebrated across the country, EESL said in a statement. The charging station has been installed in the SDMC parking area of Greater Kailash-1 N Block market. EESL has installed the charging station after the signing an agreement with SDMC. This is the first of the 75 charging... Read more.. Date : Dec 16 Source: ET Energy World
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47.86 GW of Renewable Capacity Installed in India Over Last 6 YearsPower and New & Renewable Energy Minister RK Singh has informed the parliament that a total of 47.86 gigawatts (GW) of renewable energy capacity has been installed in India over the past six years. “A total of 47.86 GW of renewable energy capacity has been installed in the country during the last six years i.e. March 2014 to October 2019,” Singh said in a written reply to a question in the Lok Sabha. The government has set a target of installing 175 GW of renewable energy capacity by 2022, which includes 100 GW from solar, 60 GW from wind, 10 GW from biomass and 5 GW from small... Read more.. Date : Dec 13 Source: Saur Energy
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