You are here

Sustainability Outlook Headlines

MNRE invites EoIs for installation of innovative solar pumps

Ministry of New and Renewable Energy (MNRE) has issued Guidelines for promoting innovative solar pumps vide OM of even number dated 22.06.2020. These guidelines are applicable for all Indian innovators/manufacturers/service providers, who wish to include innovative stand-alone solar pumps technologies/models under Schemes operated by the MNRE. MNRE hereby invites innovators/manufacturers/service providers to submit expression of interest to participate in the above-mentioned scheme for promotion of innovative solar pump technologies. Background MNRE had issued updated specifications for... Read more..

Source: MNRE

RERC to change rooftop solar power guidelines if central govt does

Jaipur: Rajasthan Electricity Regulatory Commission (RERC) on Thursday said that the new net metering norms for rooftop will be effective from July 1, 2021. But it said that the rules will change if the Centre amends them. The Ministry of Power in its Electricity (Rights to Consumers) Rules, 2020 had said that load capacity of above 10 kilowatt will not be considered for net metering putting at risk majority of the rooftop projects. RERC had also used the norms to deny net metering benefits to projects above 10kw by putting them under gross billing or metering category. Under the gross... Read more..

Source: Energy World

ReNew Power commits to achieving net-zero carbon emissions by 2050

ReNew Power ("ReNew" or "the Company"), India's leading renewable energy company, today announced its commitment to achieving net-zero greenhouse gas emissions by 2050. With this commitment, ReNew Power aims to help address the global climate crisis and lead the way in the world's transition to a low carbon economy. ReNew's pledge aligns with the 'Race To Zero' campaign - the largest ever global alliance committed to achieving net zero carbon emissions. At the same time, ReNew Power stands committed to its long-standing program of research and collaboration with businesses, policy makers... Read more..

Source: PR Newswire

India announcing net-zero target not 'absolute requirement': US special envoy Kerry

US Special Presidential Envoy for Climate John Kerry on Thursday said it will be great if India announces a net-zero emission target but "that's not an absolute requirement" as the country is doing all the things that it needs to do. He said with the implementation of India's plan of 450 gigawatts of renewables by 2030, it will be one of the few nations helping "keep 1.5 degrees alive" (meeting the goal of limiting the rise in global temperatures to 1.5 degrees Celsius). Asked if it is practical to expect India to announce a net-zero target, Kerry said, "Do I think it could be? Yes... but... Read more..

Source: Deccan Herald

JERC turns down UT’s plea on implementing Resco model for solar power plants

CHANDIGARH: The Joint Electricity Regulatory Commission (JERC) has turned down the UT administration’s plea of implementing the Renewable Energy Service Company (RESCO) model for solar plants installation in the city. After JERC’s decision, the UT administration has now decided to file a review petition before the power regulatory body. The Chandigarh Renewable Energy and Science and Technology Promotion Society (Crest) had moved JERC for implementing RESCO model in the city. Crest, project’s nodal agency, had proposed this model after approval of UT administrator V P Singh Badnore as... Read more..

Source: Energy World

Tata Power DDL introduces Narrow-Band IoT technology in smart meters

Tata Power Delhi Distribution (Tata Power-DDL), which supplies electricity to north Delhi, has launched Narrow Band-Internet of Things (NB-IoT) for smart meters installed in its service area. NB-IoT is a low-power, wide-area network radio technology standard developed by 3GPP, a standards organisation, to enable a wide range of cellular devices and services. Smart meters require a two-way communication network, control centre equipment, and software applications for near real-time gathering and transfer of energy usage information. “After successfully installing 2.3 Lakh smart meters on RF... Read more..

Source: Livemint

Bank of America Increases Environmental Business Initiative Target to $1 Trillion by 2030

Bank of America today announced a goal of deploying and mobilizing $1 trillion by 2030 in its Environmental Business Initiative in order to accelerate the transition to a low-carbon, sustainable economy. This commitment will anchor a broader $1.5 trillion sustainable finance goal by both environmental transition and social inclusive development purposes, spanning business activities across the globe. “The private sector is well-positioned to ensure that the capital needed – at the scale it is needed – can drive the transition to a low-carbon, sustainable economy,” said Bank of America Vice... Read more..

Source: Bank Of America

BlackRock Raises $4.8 Billion to Invest in Renewable Power

BlackRock Inc. has raised $4.8 billion for a new fund to invest in renewable power assets around the world - almost double its initial target. The company’s real assets division closed on its third global renewable power fund, drawing money from over 100 institutional investors. It’s the latest sign of increasing interest from investors to buy into the surging green power sector. “You’re seeing a major shift in institutional interest in decarbonization and wanting to allocate into it,” said Jim Barry, chief investment officer of BlackRock Alternatives Investors. “The pandemic has only... Read more..

Source: Bloomberg

RouteZero: global platform launches to raise ambition on zero emission vehicles ahead of COP26

Thursday 8 April, London: RouteZero, a global platform to call for ambitious commitments to zero emission vehicle adoption has launched today to show momentum ahead of the UN climate change summit, COP26. Led by international non-profit the Climate Group and the UN High Level Climate Champions, alongside partner organisations[1], RouteZero engages businesses, cities, states, regions, investors and individuals in the shift toward emissions-free road transportation. RouteZero covers all motorised road vehicle segments, including cars, vans, buses, medium and heavy-duty commercial trucks, as... Read more..

Source: Climate Group

Honeywell Targets Carbon Neutrality by 2035

In April of 2021, we took the next step toward committing to helping the environment. We pledge to be carbon neutral in our facilities and operations by 2035, and to continue to investigate and evaluate carbon emissions up and down our supply chain and to quantify them and to address them where possible. “Honeywell has a long history of improving our own environmental and sustainability profile while providing innovative products and services that improve our customers’ profiles as well,” said Honeywell chairman and CEO Darius Adamczyk. “We will continue to invest in our plants and in new... Read more..

Source: Honeywell

Cabinet approves Production Linked Incentive scheme 'National Programme on High Efficiency Solar PV Modules'

The Cabinet, chaired by Prime Minister Shri Narendra Modi, has approved the Ministry of New & Renewable Energy's proposal for implementation of the Production Linked Incentive (PLI) Scheme 'National Programme on High Efficiency Solar PV (Photo Voltic) Modules' for achieving manufacturing capacity of Giga Watt (GW) scale in high efficiency solar PV modules with an outlay of Rs.4,500 crore. Solar capacity addition presently depends largely upon imported solar PV cells and modules as the domestic manufacturing industry has limited operational capacities of solar PV cells and modules. The... Read more..

Source: PIB Delhi

Union Cabinet approves Production Linked Incentive (PLI) Scheme for White Goods (Air Conditioners and LED Lights)

Taking another important step towards the vision of 'Atmanirbhar Bharat', the Union Cabinet, chaired by the Prime Minister, Shri Narendra Modi, approved the Production Linked Incentive (PLI) Scheme for White Goods (Air Conditioners and LED Lights) with a budgetary outlay of Rs. 6,238 crore. The prime objective of the PLI scheme is to make manufacturing in India globally competitive by removing sectoral disabilities, creating economies of scale and ensuring efficiencies. It is designed to create complete component ecosystem in India and make India an integral part of the global supply... Read more..

Source: PIB Delhi

India reaffirms pledge to 2015 Paris climate change accord

US Special Presidential Envoy on Climate H.E. Mr. John Kerry called on the Prime Minister Shri Narendra Modi today. Mr. Kerry conveyed greetings of President Biden to the Prime Minister. The Prime Minister fondly recalled his recent interactions with President Biden including during the Quad Leaders’ Summit and requested Mr. Kerry to convey his best wishes to President Biden and Vice President Kamala Harris. Mr. Kerry briefed the Prime Minister on his fruitful and productive discussions over the last two days in India. He positively noted India’s Climate Actions including its ambitious... Read more..

Source: PIB Delhi

Waaree Energy Storage System raises USD 2 mn in seed funding

New Delhi, Apr 7 (PTI) Waaree Energy Storage System (WESS) on Wednesday said it has raised USD 2 million (about Rs 15 crore) in seed funding from an investor. WESS is a wholly-owned subsidiary of solar PV module manufacturer Waaree Group. "High-tech energy storage division of...WAAREE Group - WESS has raised USD 2 million in seed funding from an HNI investor amid the pandemic," WESS said in a statement. The company however did not disclose any details with respect to the investor. The proceeds will enable the company to strengthen energy storage capacities and bolster its footing across... Read more..

Source: Outlook

IL&FS sells environment arm to Eversource; pares total debt by Rs 1,200 cr

IL&FS has sold its stake in the environment business held by IL&FS Environmental Infrastructure & Services Limited (IEISL) and its subsidiaries to EverEnviro Resource Management Private Limited (EverEnviro), the fully-owned arm of the Green Growth Equity Fund (GGEF), India’s leading climate fund, managed by EverSource Capital. IL&FS, as the promoter shareholder of IEISL, held 97.54 per cent of equity shares of IEISL. The balance 2.46 per cent was held by IL&FS Employee Welfare Trust. The entire shareholding in IEISL, held by IL&FS group, has been transferred to... Read more..

Source: Business Standard

Tata Power Solar doubles manufacturing capacity of cells, modules at Bengaluru unit

New Delhi: Tata Power Solar, country’s largest integrated solar company and a wholly-owned subsidiary of Tata Power, on Wednesday said it has doubled its manufacturing capacity of cells and modules to 1,100 MW at its Bengaluru facility. It added that the expansion was a result of increased demand that the company saw for its solar modules, as well as an expected rise in demand due to the government’s Atma Nirbhar Bharat initiative. “We are happy to expand our production capacity to meet the increased demand for our products. Our 31 years of experience in providing solar products has helped... Read more..

Source: Energy World

G7 ponders increasing climate finance in build-up to COP26

UK Chancellor Rishi Sunak met with G7 finance ministers and central bank governors on Tuesday (6 April) to discuss the role of finance in supporting the net-zero transition and implored developed nations to raise efforts to generate $100bn in annual revenue to support developing nations combat the climate crisis. EURACTIV’s media partner reports. Chancellor Sunak hosted the meeting of finance ministers as part of the UK’s G7 Presidency. Accompanied by Governor of the Bank of England Andrew Bailey, the Chancellor implored nations to set and progress towards net-zero targets. The... Read more..

Source: Euractive

IMF Launches Climate Change Indicators Dashboard

The International Monetary Fund (IMF) today launched a new Climate Change Indicators Dashboard—an international statistical initiative to address the growing need for data in macroeconomic and financial policy analysis to facilitate climate change mitigation and adaptation. The Dashboard is a single platform that brings together experimental climate change indicators that allows comparison across countries. The indicators have been developed in cooperation with international organizations and other agencies including the Organisation for Economic Co-operation and Development (OECD), the... Read more..

Source: IMF

Reliance Industries, other energy majors form hydrogen coalition - India H2 Alliance (IH2A)

Led by domestic energy giant Reliance Industries, many global energy and industrial players on Tuesday came together to form a new energy transition coalition, called the India H2 Alliance (IH2A), to help commercialise hydrogen technologies in their bid to build net-zero carbon energy pathways in the country. The alliance will work together to build the hydrogen economy and supply-chain here and also help develop blue and green hydrogen production and storage apart from building hydrogen-use industrial clusters and transport use-cases with hydrogen-powered fuel cells, a statement from the... Read more..

Source: Business standard

India getting job done on tackling climate issues: US envoy John Kerry

The United States' Special Presidential Envoy for Climate, John Kerry, on Tuesday lauded India for "getting the job done on climate" and said it is a world leader already in deployment of renewable energy. Kerry is on a four-day visit to India, from April 5 to April 8, during which he will meet representatives from the Union government, the private sector and NGOs. "India's global leadership has been critical across a range of issues including delivering COVID vaccines to world. I'm particularly grateful that India is getting the job done on climate... pushing the curve. You're... Read more..

Source: Energy World

US calls for duty on Indian wind energy equipment manufacturers

The International Trade Ad­ministration (ITA), under the United States department of co­mmerce, has recommended levying a countervailing duty against wind energy equipment manufacturers from India. The recent steps are a stark reminder of the Obama era battle in the World Trade Organization (WTO) between India and the United States to protect the latter’s local renewable energy industry. With the Joe Biden-led Dem­ocrats now in office, the US clean energy lobby appears to be back in action. A notice by the department of commerce said, “The dep­artment of commerce preliminarily determines... Read more..

Source: Business standard

Flipkart partners with EDEL to accelerate deployment of EVs

Flipkart, India’s homegrown e-commerce marketplace, today announced that it has partnered with Mahindra Logistics Limited (MLL) as one of its key logistics partners to help fast track deployment of electric vehicles across its logistics fleet in the country. Flipkart has committed to 100% electric mobility in its logistics fleet and will deploy more than 25,000 electric vehicles (EVs) by 2030. Mahindra Logistics will play a significant role in working with various OEMs and help Flipkart’s sustainable transition to EVs. With a shared commitment and vision towards sustainable business... Read more..

Source: Flipkart

ISC-EESL eyes annual saving of $62 million by replacing inefficient motors

US-based non-profit organisation ISC and state-run EESL, together under National Motor Replacement Programme are eying energy savings of USD 62 million (around Rs 454 crore) annually. The Institute for Sustainable Communities (ISC) and Energy Efficiency Services Ltd (EESL) have saved USD 7.3 million worth of energy under NMRP, a statement said. The alliance is looking forward to unlocking the energy saving potential of 66.5 MkWh by replacing old inefficient motors, which is equivalent to USD 62 million annually. Till now, USD 7.3 million worth of energy has been saved. ISC has been an... Read more..

Source: Energy World

National Average Power Purchase Cost of ₹3.85/kWh Set for Open Access Solar Projects

The Central Electricity Regulatory Commission (CERC) has set the national Average Power Purchase Cost (APPC) for open access at ₹3.85 (~$0.052)/kWh. The APPC would be applicable during the financial year (FY) 2021-22 or until further orders for deviation settlement regarding open access and captive wind and solar generators fulfilling regional entities’ requirements. In a recent order, the Commission observed that for wind or solar generators selling power under open access, which is not accounted for renewable purchase obligation (RPO) compliance of obligated entities, and for captive... Read more..

Source: Mercom India

Spices Board India and UNDP India's Accelerator Lab sign MoU to develop blockchain-powered traceability Interface for Indian spices

Spices Board India under Ministry of Commerce and Industry andUNDP India’s Accelerator Lab today signed a Memorandum of Understanding (MoU), with the aim to build a blockchain based traceability interface for Indian spices to enhance transparency in supply chain and trade. Blockchain is a decentralized process of recording transactions on an open and shared electronic ledger. This allows for ease and transparency in data management across a complex network, including, farmers, brokers, distributors, processors, retailers, regulators, and consumers, thus simplifying the supply chain. It... Read more..

Source: PIB