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Sustainability Outlook Headlines
First WSDS 2020 pre-event held in Monaco; deliberates renewable energy and electric mobilityThe Energy and Resources Institute (TERI), India in collaboration with the Prince Albert II of Monaco Foundation hosted the first international Sustainable Action Dialogue in Monaco as a curtain raiser to the 2020 edition of TERI’s flagship event, the World Sustainable Development Summit (WSDS). Scheduled for 29 – 31 January, 2020, the WSDS will be held in New Delhi, India. The Dialogue facilitated the exchange of knowledge and experience and initiated sustainable partnerships in the fields of renewable... Read more.. |
India’s renewable energy investments jump 10 per cent to $5.9 billion in first half 2019India invested $5.9 billion in setting up renewable energy projects in the first half of the current calendar year, a 10 per cent jump compared to the investments in the same period of 2018, as the Modi government continued its drive toward its ambitious target for 175 Gigawatt of renewable energy by 2022, according to research firm Bloomberg New Energy Finance (BNEF). The stellar jump in investments in solar and wind energy projects in India came even as the global renewable energy investments dropped 14 per... Read more.. |
Renewable energy sector adds 2,151 MW in Q1The renewable energy sector’s new capacity addition during the first quarter of this fiscal was higher at 2,151 MW when compared with the capacity addition of 1,541 MW in the year-ago quarter. Also, the June quarter of this fiscal saw total installed capacity of the Indian renewable sector cross 80 GW (80,000 MW), according to the Union Ministry of New and Renewable Energy (MNRE) data. The solar power sector continues to be the major driver of new capacity growth in the clean energy segment with a share of 1,... Read more.. |
Tata Group to set up Rs 4,000cr lithium-ion battery plantIn a major push to electric mobility in Gujarat, Tata Group, has committed an investment of Rs 4,000 crore to set up a lithium-ion battery plant in Dholera Special Investment Region (DSIR) in Gujarat. According to a senior state government official, the company has already acquired a land parcel of 126 acre in Dholera. “Tata Group has already made an announcement to set up a lithium-ion battery manufacturing unit. They have procured land of 126 acres and in the first phase, the company will make an investment... Read more.. |
Gujarat To Subsidize Rooftop Solar Systems In 200,000 HomesLast week, the Indian state of Gujarat announced its budget for the financial year 2019-20. The allocation of money for on-ground implementation looks good for now and indicates the state’s intentions to support renewable energy development. State Subsidy For Rooftop Solar While presenting the budget, The Finance Minister of Gujarat, Mr. Nitin Patel said, “The benefit of solar rooftop scheme has been availed by 50 thousand people till date. Under this scheme, people can install solar panels on the roof of... Read more.. |
GIC, ADIA invest $329 mn more in Hyderabad-based GreenkoIn one of the largest funding rounds by an Indian clean energy producer, sovereign wealth funds GIC Holdings Pte. Ltd and Abu Dhabi Investment Authority (ADIA) have agreed to pump in an additional $329 million in Greenko Energy Holdings. This fresh tranche follows the $495 million investment in June by the sovereign wealth funds in Greenko to build power storage projects. With multilateral and bilateral agencies, as well as sovereign wealth funds, not showing interest in businesses contributing to climate... Read more.. |
Auto industry to conduct study on EV migration, to discuss with governmentThe auto industry will conduct a study through an external agency for a road map towards electric mobility amid push from Niti Aayog for transition to full electric vehicles (EVs) for three-wheelers by 2023 and two-wheelers up to 150cc by 2025, according to sources. Last month at a meeting with industry representatives, Niti Aayog had asked the industry to come back within two weeks with concrete steps towards the transition but manufacturers had stated they would need a minimum of four months to work on the... Read more.. |
EV-charging stations: India to use three technologiesIndia will deploy both CHAdeMO and Combined Charging System (CCS) fast-charging technologies, besides the existing Bharat Standard, at its public electric vehicle charging stations. According to sources in the Power Ministry, now the push will be to have Bharat Standard, CHAdeMO and CCS charging points at all public stations. Earlier, there were indications that the Power Ministry wanted to have just one of the two fast-charging technologies for each public EV charging station to cut costs (from ₹25 lakh for... Read more.. |
India added record 1,836 Mw of rooftop solar power in last fiscal: ReportRooftop solar power in India grew at a robust pace with the country adding a record 1,836 Mw in the last fiscal. At the end of FY19, the overall installed rooftop solar capacity stood at 4,375 Mw, soaring 72 per cent over FY18, a report by Bridge to India showed. The fresh capacity addition came from commercial, industrial, public sector and residential projects. With a nameplate capacity of 2,140 Mw, the industrial segment is the biggest contributor to the solar rooftop power portfolio. Maharashtra (618 Mw... Read more.. |
CERC eases norm to issue power trading licence to NTPCEven as NTPC does not meet the criteria, the Maharatna Central Public Sector Enterprise is financially sound with respect to liquidity for carrying out electricity trade, it added. The Central Electricity Regulatory Commission (CERC) has granted NTPC the licence for inter-state trading in electricity, even though the power generation behemoth fell short of having the necessary requirements. CERC said that it “relaxed the current ratio and liquidity ratio requirement in public interest in view of the policy of... Read more.. |
Rajasthan: Renewed thrust on green energy with policy pushThe Budget’s focus in the energy sector is to tap the immense potential of non-conventional energy sources. It proposes to generate 1,426 MW of wind power and 4,885 MW of solar power by 2023. Chief minister Ashok Gehlot said, the previous BJP government had not taken any initiative to generate additional power. He said at present, Rajasthan is a surplus power state, but by 2021, the power demand is likely to grow, and an action plan is being prepared for the next ten years. Additional power generation of 6,... Read more.. |
Choking India gets first fully-fledged electric carMotorists in India, home to some of the world's most polluted cities, can now buy a fully-fledged electric car after Hyundai unveiled a model that can travel 452 kilometres (281 miles) on one charge. The Kona Electric SUV will cost $36,000 -- more than three times the price of the cheapest combustion-engine SUV and more than eight times dearer than a regular saloon car. But its improved range will address one of the major concerns among customers in India, where there is a shortage of charging stations,... Read more.. |
Jakson Group to set up 50 MW greenfield solar plant for Rs 300 cr in UPSolar energy company Jakson Group is investing nearly Rs 300 crore in a solar power plant in Jhansi district of Uttar Pradesh. The 50 megawatt (Mw) independent power plant (IPP), spread over 300 acres, is projected to be operational in 18-24 months, company managing director Sameer Gupta told Business Standard in Lucknow. He said the focus of the central and state governments on green and renewable energy, including electric vehicles, had provided the much needed boost to the sector, which is projected to... Read more.. |
Hartek Power wins substation order to connect 130 MW solar power to gridChandigarh-based Hartek Power Wednesday said it has bagged an order to set up a 220/33 KV substation, which would connect 130 MW of solar power supply to grid in Jodhpur district of Rajasthan. The scope of the project includes complete engineering, procurement and construction (EPC) of the substation right from survey, design, engineering and testing to supply, construction, project management and commissioning, a company statement said. Hartek Power has connected 1.9 GW of solar power to the grid with this... Read more.. |
Malaysia’s Tenaga plans to set up a green energy platform in IndiaMalaysian government-owned Tenaga Nasional Berhad is exploring the option of setting up a renewable energy platform in India, a person aware of the development said, underlining India’s image as a clean energy champion. The company supplies electricity to Malaysia’s 31.7 million people. In April, yet another Malaysian government-owned company, Petroliam Nasional Bhd, or Petronas, had acquired one of India’s largest rooftop solar power producers, Amplus Energy Solutions Pvt. Ltd. The oil and gas company had... Read more.. |
Total, EDF Renewables to develop 700 MW solar power projects in IndiaTotal, one of the world’s major integrated oil & gas company along with French energy group EDF Renewables, will develop 700 MW of solar power projects in India through their joint subsidiary EDEN Renewables India. In a public statement, Total Eren and EDF Renewables announced signing of four 25-year long term Power Purchase Agreements (PPA), for four solar power projects totaling 716 MWp of installed capacities in northern India. These projects have been awarded to EDEN Renewables India, their solar... Read more.. |
Strategic partnering for Climate and Clean AirIndia has formally joined the Climate and Clean Air Coalition (CCAC), becoming the 65th country to join the partnership, following through on a commitment made by the country’s Minister for Environment, Forest and Climate Change, Prakash Javadekar. The announcement underlines India’s commitment to combat air pollution with a solutions-oriented approach. India plans to work with the CCA countries on best practices and experiences for the effective implementation of India’s National Clean Air Programme (NCAP).... Read more.. |
States seek help to make power plants meet emission normsState governments have asked the Centre for money for equipment to help power plants meet new emission norms. States have an installed capacity of 72.85 GW, which would require equipment worth at least Rs 36,000 crore, but state utilities are financially unviable because of inefficiency, power theft, technical losses and failure to get payments from all customers. At a meeting with the Union power minister, representatives of states said that old plants need to upgrade or shut down. This follows a Supreme... Read more.. |
UN fund removes veto power over climate projectsGovernments will be unable to unilaterally veto internationally-funded climate projects, after a deal was struck on Green Climate Fund rules that had hampered progress for years. Following intense backroom negotiations, the UN flagship climate fund’s board agreed at 3am on a voting system to deploy when consensus fails. A year after a public boardroom meltdown, the move signals stronger collaboration between rich and poor country representatives, as they seek a fresh injection of funds. “This was a huge trust... Read more.. |
Uk-India Week: Uk Development Sector Backs India As The Global Home For Impact InvestingIndia’s emergence as a dynamic hub for social enterprise and entrepreneurialism shows it is the best place in the world for impact investing, leading figures in business, government and philanthropy have said, as they gathered for the UK-India Week Social Impact Forum hosted by the British Asian Trust. The impact investing sector in India attracted over $5.2 billion between 2010 and 2016, with over $1.1 billion invested in 2016 alone. Indian society and economics have undergone enormous change since the 1990s... Read more.. |
Suntuity Group announces foray into Indian renewable energy marketUS-based solar solutions provider Suntuity Group Tuesday announced its foray into the Indian renewable energy sector with the commissioning of its maiden project in Maharashtra. "The company, part of Suntuity Group, is proud to announce its maiden roof-top project. This 103-kW (kilowatt) rooftop solar project is at an educational institution in South Mumbai. The project marks the foray of Suntuity Group in India," Suntuity Renewable Energy India said in a statement. The company said Vikram Solar has... Read more.. |
Deforestation plus climate change equals dead end for wildlifeClimate change combined with galloping tropical deforestation is cutting off wildlife from life-saving cooler climes, heightening the risk of extinction, researchers said Monday. Less than two-fifths of forests across Latin America, Asia and Africa currently allow for animals and plants to avoid potentially intolerable increases in temperature, they reported in the journal Nature Climate Change. "The loss of tropical forests between 2000 and 2012 led to an area larger than India losing the capacity to protect... Read more.. |
India To Promote Solar Cell, Battery Manufacturing With Tax IncentivesThe Indian government is planning to give another try at promoting the manufacturing of solar cells in the country. The Indian finance minister announced some important measures to attract investment into this and other energy-related sectors. Indian finance minister Nirmala Sitharaman, in her budget speech for financial year 2019-20, announced yet another incentive for the promotion of solar cell manufacturing in the country. The minister proposed that her government shall offer tax incentives to companies... Read more.. |
Govt targeting 6-7 million sales of hybrid, EVs by 2020The Government has a target to achieve 6-7 million sales of hybrid and electric vehicles by 2020 under the National Electric Mobility Mission Plan (NEMMP), Parliament was informed Monday. The plan has been designed to enhance national fuel security, to provide affordable and environment-friendly transportation and to enable the Indian automotive industry achieve global manufacturing leadership. “Under the NEMMP 2020, there is an ambitious target to achieve 6-7 million sales of hybrid and electric vehicles by... Read more.. |
Budget 2019: Solar power’s budgetary allocation rises by a mere 1.1 per centThe union budget for 2019-20 has provided for a budgetary allocation of Rs 3,004 crore for solar power sector, including both grid-interactive and off-grid projects, a mere 1.1 per cent increase over Rs 2,969 crore provided in the Revised Estimate for last financial year (2018-19). This is in stark contrast to the 57 per cent jump in budgetary allocation for solar power projects seen in the revised estimate of 2018-19 compared to actual figures (Rs 1,889 crore) for 2017-18. The budgeted expenditure for the... Read more.. |
