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Sustainability Outlook Headlines
Adani Green Energy, ReNew Power only bidders in hybrid auctionAdani Green Energy and ReNew Power were the only bidders in the latest tranche of Solar Energy Corporation of India's wind solar hybrid tender for 1,200 MW of capacity that was undersubscribed by 300 MW. Renew Power and Adani Green Energy made techno-commercial bids for 300 MW and 600 MW, respectively, people close to the development said. They said Solar Energy Corporation of India (SECI) — the renewable energy ministry's nodal agency through which it conducts wind and solar auctions — will go ahead with the... Read more.. |
India investing more money in solar power than coal for first timeA whopping 74 per cent of India’s electricity generation comes from coal-fired power plants, and coal use in the country continues to increase, but we may be seeing the beginning of the end of coal’s rein as renewable energy investments have begun to outpace those in fossil fuels. A major shift is underway in the country which is the world’s third-largest contributor to greenhouse gases, after the US and China. According to the International Energy Agency, India’s move towards spending on renewables has been... Read more.. |
HVAC Technology Drives Sustainability By Reducing Energy FootprintsIn the last few decades, the energy consumption barometer of India has witnessed an alarming upward graph. And, in fact, according to "New Outlook for Energy: A View to 2030," report, this demand is expected to be 35% higher by 2030. It is therefore, clear that there is an urgent need to inculcate progressive methods to reduce the current energy consumption. In India, the launch of the Environmental Conservation Act in 2001 recognized the importance of rationalizing the energy usage and developed policies to... Read more.. |
‘WBCSD Leadership Program Meet’ in India to understand the relationship between sustainability and good businessThe World Business Council is a global, CEO-led organization of over 200 leading businesses working together to accelerate the transition to a sustainable world. Its member companies come from all business sectors and all major economies, representing a combined revenue of more than USD $8.5 trillion and with 19 million employees. The organization’s Global Network of almost 70 national business councils gives WBCSD members unparalleled reach across the globe. The organization is uniquely positioned to work... Read more.. |
Kochi in ‘Cities4Forests’ projectKochi has been selected for the Cities4Forests project initiated by a consortium of international agencies like World Resource Institute (WRI), Pilot Projects and REVOLVE with the involvement of mayors’ offices and supported by other sub-national agencies from around the world. It selected 45 cities from across the world for the project which aims at incorporating forests into the urban strategy to address climate change issues. Kochi is the only city selected from India on the list. “The civic administration... Read more.. |
Okinawa Autotech invests Rs 200 crore to set up new plant; aims 1 million production capacityElectric scooter maker Okinawa Autotech is investing Rs 200 crore to set up a new manufacturing plant with an annual capacity of one million units, preparing to meet increased demand following implementation of FAME II scheme, a top company official said. The new plant at Alwar in Rajasthan is being set up in a staggered manner with 5 lakh units per annum capacity to be ready by the end of this fiscal to add to the existing volume of 90,000 units a year. "As on today our capacity in a single shift is 90,000... Read more.. |
Subsidy on rooftop solar panels may go up for domestic sectorIn a good news to people wants to opt for clean energy, the government is mulling to increase the subsidy on rooftop solar panels from the present 30%, sources in the New and Renewable Energy Development Corporation of Andhra Pradesh (NREDCAP) say. The solar power is catching up especially among the commercial and service sectors with many schools, colleges, hospitals and other business establishments saving big on power tariff by installing rooftop solar panels on their premises. More than 60% of the... Read more.. |
Tamil Nadu discom to halt wind and solar auctionsSECI will soon call for bids for the same 500 mw solar tender once the poll results are out. "We will see how it works out and then we’ll decide whether we will also procure wind power in the same manner," the official said. One of India's biggest renewable energy producing states, Tamil Nadu, will stop conducting auctions for wind and solar energy projects following poor response to its tenders which set limits on tariffs. Instead, it will buy clean power from the Solar Energy Corporation of India (SECI) to... Read more.. |
Novel low-cost material can harness solar energy efficientlyScientists have developed a new material that can make solar cells more affordable and efficient, an advance that may allow us to better utilise the most abundant renewable energy. The study, published in the journal Science, describes the new material called a tandem perovskite solar cell which could be used in full-sized solar panels in the near future. "We are producing higher-efficiency, lower-cost solar cells that show great promise to help solve the world energy crisis," said Yanfa Yan, a professor at... Read more.. |
India’s Gujarat Allocates 745 Megawatts In Wind AuctionThe Indian state of Gujarat recently completed a wind energy auction, the second for the state since wind energy auctions began in the country. The auction was undersubscribed and project developers remained away as was the case with a recent national-level wind energy tender. The 1 gigawatt wind energy tender was issued by Gujarat Urja Vikas Nigam Limited (GUVNL). The company had aimed to auction this capacity in order to fulfill its Renewable Purchase Obligation (RPO). The tender was, however,... Read more.. |
Businesses are confident of growth in India's renewable energy sectorRapid growth in India has been accompanied by an increased awareness of environmental considerations. In 2014, the Government of India announced that it would substantially ramp up its renewable energy generation capabilities in the country, driven by clearly defined goals for coming years. Alongside the aim of developing 10,000 megawatts (MW) in additional capacity for the wind sector, the government at the time announced grand plans for the solar energy sector. Where the original target for installed... Read more.. |
Colgate partners with METRO Cash & Carry India for Save Water awareness programContinuing the celebrations of World Water Day of March 22nd, Colgate-Palmolive (India) Limited, Indias market leader in Oral Care, and METRO Cash & Carry, Indias leading organized Wholesaler, have collaborated for a Save Water Awareness program for business customers across 27 METRO Cash & Carry stores in the country. The month-long initiative will run all through April, 2019 and aims to create awareness about water conservation efforts, and address critical issues of water inaccessibility across... Read more.. |
ExxonMobil may tie up with GAIL to set up green energy platformExxonMobil Corp., the world’s most valuable energy company, may shortly form a partnership with state-owned GAIL (India) Ltd to set up a green energy platform in India. The US oil firm’s increasing focus on India is an acknowledgement of the growing importance of the world’s third largest energy consumer. The proposed joint venture (JV) to be announced shortly by the Irving, Texas-based firm also marks a change in the global energy architecture, with India at the centre of oil majors’ future growth plans. The... Read more.. |
Ather Energy to set up 55 charging stations in ChennaiAther Energy, an electric vehicle company, announced the installation of its fast charging network Ather Grid in Chennai. The city will see 50-55 Ather Grid points up and running by the end of the year. The fast charging network can be used by all electric two- and four-wheelers, and will be offered free of charge till the end of the year, according to a statement. Chennai has seven active fast charging Ather Points installed. The company has partnered with cafés, restaurants, tech parks, malls and gyms to... Read more.. |
Kochi set to lead State’s charge towards electric vehiclesWith talks of conventional fuel standards being upgraded from BS4 to BS6, electric vehicles may appear a dot on the horizon. But Kerala’s charge towards having a million electric vehicles by 2022, it appears, will be led by Kochi, which will have the earliest of the State’s public electric charging stations soon thanks to efforts by public sector oil marketing companies. It is expected that 15 electric charging stations will be functional across the State shortly. The first three of the stations will be in... Read more.. |
Kerala: State road transport utility to get 1,500 electric buses on leaseSwitching over to a more eco-friendly option, Kerala state road transport corporation (KSRTC) will soon induct 1,500 electric buses in its fleet. A total of 500 electric buses will be allotted to Thiruvananthapuram, Ernakulam and Kozhikode zones each. KSRTC has invited tenders for 12 metre non-AC electric buses (battery operated) on wet lease and dry lease basis for ten years. In wet lease, the bidder has to provide the buses along with driver and KSRTC will deploy its conductor, while in dry lease, KSRTC... Read more.. |
UN report: Indian economy faces climate change perilsA Global Assessment Report (GAR), launched by the United Nations Office for Disaster Risk Reduction (UNDRR) here on Wednesday, has warned of new and much larger threats due to extreme climate changes to economies, in particular the Asia Pacific which accounts for 40% of the global economic losses, with the greatest impact in the largest economies of Japan, China, Korea and India. The GAR was launched at the Global Platform organised by the UNDRR here with 5,000 participants from governments, private sectors... Read more.. |
Solar-powered Cochin airport commissions second substationFurther enhancing its solar-power banking facilities, the Cochin International Airport Limited (Cial) commissioned its second substation on Wednesday. A parallel 110 Kv electrical substation for exporting the power generated by its eight solar plants to the Kerala State Electricity Board’s grid was inaugurated by Cial managing director V J Kurian. The substation was constructed at a cost of Rs 16 crore. Cial, which is the world’s first airport to be fully powered by solar energy, has been using only one... Read more.. |
Panasonic aims to garner ₹700-crore revenue by 2021 from EV charging infraPanasonic India is betting big on the Indian electric vehicle (EV) infrastructure market, with the aim of garnering revenue worth ₹700 crore by 2021 from the segment. “In the next 3 years, the addressable market for us (stationary storage such as batteries and mobility) will be about ₹5,000 crore. Three years from now, we should be targeting revenue of ₹700 crore revenue out of this (the whole market)," Manish Sharma, President & CEO Panasonic India told Mint. Consumer durables company Panasonic India on... Read more.. |
Brookfield to buy 2 wind farms from Axis EnergyCanada’s Brookfield Asset Management Inc is set to acquire two wind farms from Hyderabad-based Axis Energy Ventures for Rs 500 crore, two people aware of the development told ET. This would be Brookfield’s first direct acquisition in the renewable energy space in India. In 2017, it acquired US renewable energy company SunEdison’s solar yieldco TerraForm Global Inc, which gave Brookfield a 300 megawatt portfolio of renewable assets in India. The addition of Axis Energy’s two wind farms totalling 210 MW will... Read more.. |
India drops a tad but still among most favourable renewable energy marketsChina is the most attractive market for investment in renewable energy for the fourth year in a row and growth there is set to continue despite the country's efforts to trim subsidies, a report by UK accountancy firm Ernst & Young showed on Wednesday. In an annual ranking of the top 40 renewable energy markets worldwide, China was in first place, followed by the United States which was No. 2 for the second year running. Last year, cuts to China's expensive feed-in tariff regime slowed growth in solar... Read more.. |
Delhi Metro to soon set world record of running metro services on solar energy: ReportDelhi Metro - the lifeline of the national capital has taken sustainable development with energy-efficient solutions to an international level. Along with curbing pollution and giving more importance to green solutions, Delhi Metro is expected to set a record of utilization of solar energy. According to a recent Dainik Jagran report, the Delhi Metro Rail Corporation (DMRC) has started utilizing around 100 megawatt of solar energy after receiving solar energy supply from the Rewa district of Madhya Pradesh.... Read more.. |
China’s MG Motor banks on EV portfolio in IndiaThe company is of the opinion that going ahead, hybrids will be a strong alternative to diesel cars as the nation moves towards more stringent BS-VI emission norms. In a bid to differentiate itself in the highly competitive Indian passenger vehicles space, China’s largest car maker Shanghai Automotive’s M G Motor is banking on cleaner and electrified vehicle portfolio to support the government of India’s push for cleaner transport alternative to address the rising pollution challenge. With a plan of... Read more.. |
Sales volume of EVs important than subsidy for localisation of parts: Maruti MD Kenichi AyukawaSales volume of electric vehicles is more important than subsidy for localisation of parts and the automobile industry must find ways on how to generate demand across segments, Maruti Suzuki India MD and CEO Kenichi Ayukawa said May 15. Speaking at an event here, he said hybrid vehicles which have common components like battery, motor, inverter with EVs, must also be encouraged to drive volumes for easier localisation of components. "The largest factor which can help localisation is volumes. Volumes are more... Read more.. |
India Fund Fest achieves Rs 25 cr investments; Solar power, EVs top attractionsThe scene at Ritz Carlton on Friday was one of excitement with finalist founders of 28 startups, selected through a rigorous filtering process out of 14,000 applications received, seeking spot funding from 12 plus investors. They were from a wide range of industries including solar energy, electric vehicles, e-commerce, technology, agriculture, animal husbandry, Ayurveda, water conservation, payment gateway etc. The selection of these startups was made by an eminent jury and through a proprietary 'Investor... Read more.. |
