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Sustainability Outlook Headlines
Uber, Bengaluru-based Sun Mobility tie-up to offer electric three-wheelers in India in coming monthsRide-hailing company Uber Technologies Inc and Bengaluru-based start-up Sun Mobility said on Wednesday they will partner to offer commuters in India electric auto-rickshaws in the coming months, amid a push by policymakers to encourage the use of cleaner fuels. Uber already allows riders in India to book the ubiquitous three-wheeled vehicles dubbed “autorickshaws” or “autos”. Uber, Bengaluru-based Sun Mobility tie-up to offer electric three-wheelers in India in coming months Sun Mobility, led by Chetan Maini... Read more.. |
TechM, Mahindra Logistics ink pact for green vehiclesTech Mahindra has entered into an agreement with Mahindra Logistics (MLL), a third-party logistics solution provider, to introduce electric vehicles for employee transportation. Mahindra Logistics will deploy Mahindra E-Verito vehicles at the former’s Hyderabad campus from today. “Sustainable mobility is the need of the hour. With environment and people at the core of our business, we at Tech Mahindra are committed to drive this shift to electric mobility. We look forward to adding more electric vehicles at... Read more.. |
JSW Energy plans to raise $750 m via bonds; to use funds for expansion, debt repaymentSajjan Jindal-led JSW Energy plans to raise around $750 million from international bond sale to fund expansion plans as well as to repay some of its existing debt of over ₹10,050 crore. The company has also set a target of achieving 10,000 MW of installed capacity by 2020, a quarter of which will be contributed by renewable energy sources. JSW Energy has sought shareholders’ approval for the fund raising plan and said the proposed $750 million of long-term debt will be raised by selling non-convertible... Read more.. |
Government amends bidding guidelines for wind power projectsIn a bid to fast-track wind energy projects, the Centre has made certain amendments to the bidding guidelines for such projects, according to an official statement. The amendments have been made based on the experience of bidding and consultation with various stakeholders, the Ministry of New and Renewable Energy said in a statement on Wednesday. The development assumes significance as the government has set an ambitious target of having 175 GW of clean energy capacity by 2022, including 100 GW solar and 60... Read more.. |
Avaada Energy to set-up 2 GW open access solar power plants in 5 statesSerial entrepreneur Vineet Mittal-led Avaada Energy is in the process of implementing two gigawatt (GW) of open access solar plants in Maharashtra, Tamil Nadu, Haryana, Karnataka, and Odisha, the firm said in an official release on Wednesday. According to the company, the plants were being built for corporates who are looking to optimise their operating costs and meet their energy needs through solar, rooftop and hybrid energy solutions. Avaada Energy had earlier this year raised over Rs 1,000 crore from... Read more.. |
Green energy capacity to multiply 6-fold in 10 yearsIndia’s renewable energy capacity will gallop ahead and multiply almost six-fold in the next decade, while the share of coal-fired plants in the energy mix will fall to 32% from the current 46% as growth in thermal generation will be far slower, the Central Electricity Authority (CEA) has estimated. Total share of non-fossil-fuel plants, which includes solar, wind, hydropower and nuclear, will jump to 65% of the total projected capacity of 831,502 MW from 36.6% of the current installed capacity of 356,817 MW... Read more.. |
Gujarat tops India in rooftop solar power generation capacityGujarat has emerged as the state with the most rooftop solar panels installed. According to data tabled in Rajya Sabha on Tuesday, Gujarat has an installed rooftop solar power capacity of 261.97 MW, against 1,700.54 MW for all of India. Gujarat is followed by Maharashtra (198.52 MW) and Tamil Nadu (151.62 MW) in terms of installed rooftop capacity. According to the data, out of the 261.97 MW installed, 183.51 MW is subsidized. The data was tabled by R K Singh, Union minister of state for new and renewable... Read more.. |
No subsidy on solar power plants above 10 kWThe Chandigarh Renewal Energy, Science and Technology Promotion Society (CREST) has stopped paying subsidy on the installation of solar power plants above 10 kW capacity. Earlier, 30 per cent subsidy was given to all applicants irrespective of the capacity of the plant, but a recent decision of the Union Government is likely to affect the drive to make Chandigarh a model solar city. Abdul Qayum, Additional CEO, CREST, claimed the decision would not affect the drive as the number of cases above 10 kW was not... Read more.. |
Hyderabad-based Cellestial E-Mobility developing Electric TractorsCellestial E-Mobility, a Hyderabad based start-up, is set to tap into the promising current generation E-Vehicles market. The company is developing Electric Tractors with a long battery life. It is set to showcase a prototype soon. The company launched its business operations in May after it received an initial funding of $200,000. The first round of investment has come from Angel Investor, Meka Sudhakar Reddy , a Singapore based NRI with over 18 years of expertise in Logistics Spacing. “We are readying to... Read more.. |
Flipkart rolls out nation-wide electric mobility vision for EkartIndia's largest e-commerce marketplace, Flipkart today announced nation-wide plans to introduce Electric Vehicles (EVs) for its last mile deliveries. The announcement comes as a part of Flipkarts sustainability commitment as it aims to reinvigorate efforts towards building technologies for solving crucial environment and civic issues. As the homegrown e-commerce leader in India, the Flipkart Group takes a very proactive and holistic view in conducting its business responsibly, including all aspects of... Read more.. |
Solar rooftop company ZunRoof enters three new citiesSolar rooftop firm ZunRoof today announced the launch of its operations in three new cities – Chennai, Hyderabad and Kochi – where it will offer solar rooftop solutions to residential consumers and small and medium enterprises. The second phase of expansion takes the firm’s presence to over 50 cities in India. ZunRoof had in April received a pre-series A funding of $1.2 million from Pirojsha Godrej and is planning to expand to over 100 cities across 12 states by the end of the current financial year. The... Read more.. |
Climate Crisis Economics Brings Two Competitors On The TableClimate change crisis, a common enemy, has bought competitors BYD and Toyota together to strike a deal to develop mutually beneficial battery technologies and vehicles. Recently they have entered into an agreement that will see them partnering on the development of electric vehicle batteries. The batteries lay the foundation for an electrified future for both companies as the agreement includes provisions to partner on the development of sedans and low-floor SUVs as well. The move is the latest in a string of... Read more.. |
India Renewables Capacity On Track to Overshoot Paris Target by 60%India is on track to overshoot a key Paris Agreement target by nearly 60% by obtaining close to two-thirds of its installed electricity capacity from renewable sources by 2030, according to a new report from the country’s Central Electricity Authority (CEA). The 63% share of capacity from renewables would translate into 44% of the country’s actual power generation, the Institute for Energy Economics and Financial Analysis (IEEFA) reports. While the CEA’s analysis does make “a base forecast for thermal power... Read more.. |
India: Renewable Energy Dominates 1st Half Of 2019 With 58% Share In New CapacityRenewable energy technologies, especially wind and solar power, continued to lead all other technologies in new capacity added in the first half of 2019. In the first half of this year, solar power technology had the largest contribution towards the new power generation capacity added in India. Of the 7.8 gigawatts of new capacity added between January and June 2019, 3.5 gigawatts came in the form of solar power projects. CleanTechnica Research took a closer look at the contribution of various power... Read more.. |
India's Green Energy Investment surpassed Thermal Power, pegged at over $20 billionBoosting India’s green economy, investments in the country’s renewable energy sector doubled over the last five years to around $20 billion in 2018, surpassing the capital expenditure in the thermal power sector, reports a study. The joint study commissioned by Paris-based International Energy Agency (IEA) and Council on Energy, Environment and Water (CEEW) said “reduced risk perception of financiers funding renewable energy projects in India resulted in investments in the sector doubling over the last five... Read more.. |
Oil India To Set Up 100 MW Of Solar Projects Under CPSU ProgramOil India Limited (OIL), a Navaratna enterprise, has invited prospective bidders to develop 100 MW (AC) of solar project capacity anywhere in India. The projects will be tendered under the second phase of the central government’s CPSU program. The CPSU program was proposed by the Ministry of New & Renewable Energy (MNRE). Under this, the government producers will get four years: 2019-2020 to 2022-23, to set up 12,000 MW of solar power projects across the country. Under the program, the usage charges... Read more.. |
Green Finance and Green Business Get New Knowledge PlatformsA global partnership of some of the world’s largest organizations today launched two new knowledge platforms – the Green Industry Platform and the Green Finance Platform – at the High-level Political Forum for Sustainable Development in New York. The Above mentioned These platforms provide the financial and private sectors with the latest research, data, guidance, and tools from leading experts and institutions to help green their operations. The need for practical and targeted knowledge to support the... Read more.. |
Pragmatic policy likely on electric two-wheelers in a few months: TVS MotorTVS Motor Company Chairman and Mananging Director Venu Srinivasan hopes to see a sensible policy in a few months from the cental government on electric two-wheelers. He says the industry has been in talks with the government on the NITI Aayog proposal for a switch in this regard by 2025. Srinivasan indicated to his shareholders on Monday that the proposed timeline seemed over-optimistic. Hybrid vehicles could be a better option for now, he said, adding that TVS would be offering an electric two-wheeler in the... Read more.. |
India Will Achieve 8% Growth From 2020-21: NITI Aayog Vice ChairmanNITI Aayog Vice Chairman Rajiv Kumar has voiced confidence that India will achieve economic growth of 8 per cent plus from fiscal year 2020-21 onwards as structural reforms like the GST are set to produce the benefits. The eminent economist was in the city for the High Level Political Forum Ministerial Meeting on Sustainable Development Goals at the United Nations Headquarters. During his visit, he delivered the keynote address at the 'India Investment Seminar' held at the Consulate General of India, New York... Read more.. |
As India's tribals await SC hearing, IPCC recognises forest dwellers’ role in climate change mitigationRecognising land tenures of indigenous communities and their management rights over forests can help tackle climate change, according to a report by the Intergovernmental Panel on Climate Change (IPCC) that’s yet to be made public. The IPCC's recognition of forest dwellers' rights come at a time when millions of them in India await a Supreme Court hearing on the constitutional validity of their rights under the Scheduled Tribes and Other Traditional Forest Dwellers (Recognition of Forest Rights) Act, 2006. It... Read more.. |
GST Council to decide on tax cut on electric vehicles this weekThe GST Council, chaired by Finance Minister Nirmala Sitharaman, will meet on July 25 and decide on lowering tax rates for electric vehicles, officials said. The 36th meeting of the Council, which will happen through video conferencing, is also likely to decide the valuation of goods and services in solar power generating systems and wind turbine projects for the purposes of levying GST. The Council, which has state finance ministers as members, in its meeting last month, had referred the issue relating to... Read more.. |
Amplus Energy to invest Rs 500 cr for 100MW solar project in UPAmplus Energy Solutions has announced investment of Rs 500 crore for its second open access solar project of 100MW in district Deoria of Uttar Pradesh. The ground-breaking ceremony by the state government this month will kick-off this project, the company said in a statement. Prior to this, Amplus had committed investment of Rs 250 crore for setting up a 50MW open access solar project in Mirzapur. The project is under construction and expected to be commissioned by September 2019. The Deoria plant will... Read more.. |
Housing societies to host charging stations for electric vehiclesThe State government will formulate a policy to allow large housing societies to offer their premises for construction of electric vehicle (EV) charging stations. A team of senior officials at NITI Aayog on Friday offered the government a wish list on the implementation of the Electric Vehicle Policy under the Central government’s mobility plan. The government informed the team, headed by the principal consultant, NITI Aayog, that land availability was scarce in Mumbai, and that it was planning a scheme on... Read more.. |
80% of 1.5 lakh metric tonne daily garbage remains exposed, untreatedIndia is getting buried under mounds of garbage as the country has been generating more than 1.50 lakh metric tonne (MT) of solid waste every day. Worse - approximately 90 per cent (1,35,000 MT per day) of the total amount is collected waste. Nearly 15,000 MT of garbage remain exposed every day, resulting in almost 55 lakh MT of solid waste disposed in open areas each year, which leads to "severe" pollution level. Of the total collected waste, only 20 per cent (27,000 MT per day) is processed and the... Read more.. |
Maharashtra considers incentives to encourage investment for EV charging infrastructureThe Maharashtra government is working on a package of incentives for investors willing to set up facilities for charging of electric vehicles across the state. According to state government sources here, Chief Minister Devendra Fadnavis’s government was in the process of doing away with laws under which owners of charging stations are classified as distributors of electricity. While a handful of petrol pumps in the state have already set up charging points for EVs, the government wants entrepreneurs to enter... Read more.. |
