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Sustainability Outlook Headlines
Govt may opt for golden share in Power Finance Corp. to retain controlThe government may opt for a golden share in Power Finance Corp. (PFC) to ensure it remains a public-sector enterprise after absorbing Rural Electrification Corp. (REC), said officials with knowledge of the matter. The government holding in the merged entity is expected to drop below the halfway mark, possibly to 45 per cent, once the process is completed sometime in the current fiscal. It currently holds 59.05 per cent of PFC. ... Read more.. |
Ather Prepares For Rapid Expansion; Chennai Launch Date RevealedAther Energy has announced its entry into the state of Tamil Nadu with operations starting in Chennai. Ather Energy will be launching its products in the Chennai region in June 2019. Chennai will be the second city for Ather Energy to operate in, after Bangalore. Ather Energy is an electric vehicle manufacturer based out of Bangalore and hence naturally chose Bangalore to launch its electric scooters. The company... Read more.. |
Clearford Water Systems activity grows in India as ninth contract is awarded to implement Clearford One™ in Plot Pada villageClearford Water Systems Inc. ("Clearford" or the "Company"), (TSXV:CLI), today announced that it has signed a contract with the Anarde Foundation to install the Clearford One™ system in the village of Plot Pada, located northeast of Vasai, Maharashtra. The project is funded through the corporate-social responsibility (CSR) commitments of a leading finance company and will be facilitated by Samhita Social Ventures. ... Read more.. |
Tata Power to create renewables-based futureIndia's largest private integrated power company -- Tata Power -- recently made it publicly clear that it will cease building new coal-fired power capacity, a report by US-based Institute for Energy Economics and Financial Analysis (IEEFA) said on Tuesday. The report, "Tata Power Renewables to Power Growth", highlights the company's long-term strategy that will see renewable energy dominate its power capacity build-out going forward. ... Read more.. |
Niti Aayog seeks ministry help for EV charging infra at fuel pumpsGovernment think tank Niti Aayog has asked the oil ministry to help set up electric vehicle (EV) charging infrastructure at 1,000 fuel stations across the country, but industry executives said any such move will require redesigning of stations and a viable business model. Easy access to charging facility is key to making EVs popular in India where cities are choking with vehicle emissions, prompting the... Read more.. |
Agriculture is taking the hardest hit of climate change in ChhattisgarhClimate change is slowly beginning to affect the most important cog in the economic wheel of India – agriculture. Rain-fed agriculture systems are taking a hard hit with monsoons becoming erratic and rain scarce. Chhattisgarh in central India is among the states where the impact is plain to see. Agriculture and... Read more.. |
Reduce the dependence on fossil fuel, urge expertsAccording to a new assessment released by The Intergovernmental Panel on Climate Change (IPCC), named ‘Global Warming of 1.5°C’, 1.5 degrees Celsius of global warming will increase above pre-industrial levels and related global greenhouse gas emission pathways. In the context of the global response, the threat of climate change can be seen due to this. ... Read more.. |
UK Climate Investments invests ₹275 crore in CleanMax SolarCleanMax Solar, which provides renewable energy to companies, on Tuesday said that it has raised ₹275 crore in equity funding from UK Climate Investments LLP (UKCI). UKCI is a joint venture between the Green Investment Group and the UK government’s department for business, energy and industrial strategy, and is managed by Macquarie Infrastructure and Real Assets. ... Read more.. |
Dedicated financing support key to scaling up rooftop solar in the SME sector in IndiaThe Micro, Small, and Medium Enterprises (MSME) sector is expected to contribute significantly to achieving the government’s target of building 40 gigawatt (GW) of the rooftop solar capacity by 2022. Scaling up rooftop solar in the MSME sector in India requires addressing issues related to lack of low-cost financing, inadequate level of awareness, and lack of rooftop aggregation models, according to a new report from Deloitte and Climate Investment Funds (CIF). |
Battery Energy Storage System Market Hit Double Digit CAGR by 2024The report on Battery Energy Storage System Market by technology (lithium-ion batteries, sodium-sulfur batteries, lead-acid batteries), connection type (on-grid connection and off-grid connection), applications (residential, non-residential and utilities) trends analysis and forecasts up to 2024 studies the market sizes, key trends and opportunities in the main geographies such as North America, Europe, Asia-Pacific, Rest of the World. According to the report the global battery energy storage system market is projected to grow at a CAGR 32.2% in terms of value over the period of 2018-2024... Read more.. Date : Apr 24 Source: SB Wire
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Ministries, PSUs, power firms gear up to charge India's electric vehiclesAt least half-a-dozen public sector firms, the railways and various ministries are in the process of creating infrastructure and manufacturing components for electric vehicles (EVs). By one estimate, the size of the EV market in 2030 would be Rs 42,000 crore. Hence, significant investment is being mobilised, in the private sector, too, to manufacture and install EV supply equipment infrastructure. This... Read more.. |
GAIL highest bidder for IL&FS wind assets with $689 million offerGAIL (India) Ltd is set to complete the purchase seven wind power plants from India's debt-ridden Infrastructure Leasing and Financial Services (IL&FS), after offering 48 billion rupees ($689.3 million), IL&FS said on Monday. The deal is expected to close within three weeks. GAIL's offer contemplates no hair-cut to the debt of the plants, which is around 37 billion rupees, IL&FS said. Last year, sources told Reuters that GAIL would not consider buying the entire wind energy assets of IL&FS... Read more.. |
SBI offers 20 bps discount on electric vehicle loansIn a bid to boost volumes for the struggling electric vehicles segment, State Bank of India Monday launched a discounted loan for buyers of such vehicles pricing 20 basis points lower than its existing auto loans. Of the 3.6 million (FY19) car industry, EVs constitute around 1,000 units per annum, according to industry data, and together with two-wheelers the industry notches up over 54,000 units annually... Read more.. |
FAME-II subsidy: Carmakers voice resent over exclusion of private vehiclesTwo months after FAME-II, car manufacturers are now voicing their disappointment over certain exclusions in the second phase of the electric vehicle incentive scheme rolled out by the government. FAME-II (Faster Adoption and Manufacturing of Hybrid and Electric Vehicles) has been in force since the start of April. The scheme does not provide incentives to private car buyers, unlike FAME-I, where buyers... Read more.. |
Several wind energy projects in slow lane since 2017 auctionsA large number of wind energy projects have been bid out since auctions for such projects began in early 2017, both by Solar Corporation of India (SECI) and state agencies, but only a small fraction of them have been commissioned so far. Out of the 500 mw of wind capacity bid out by Tamil Nadu two years ago, for instance, only 50 mw has been commissioned so far, according to a senior state government official. ... Read more.. |
SECI postpones manufacturing-linked solar bid for 3 GW till May 14State-run Solar Energy Corporation of India Monday extended bids submission deadline for the third time for manufacturing-linked 3GW solar power tender till May 14. "The RfS (request for selection) Selection of Solar Power Developers for Setting up of 3GW ISTS (inter state transmission system) Connected Solar PV Power Plant linked with setting up of 1.5GW (Per Annum) Solar Manufacturing Plant under Global Competitive Bidding (Phase-II)," a SECI notice on its web portal stated. According to the notice, the... Read more.. |
Mytrah Energy looking to divest stake; in talks with Canada’s BrookfieldMytrah Energy India Pvt Ltd (MEIPL), an independent producer of renewable energy, is in advanced stages of talks for divestment of stake. According to unconfirmed reports, Brookfield Asset Management Company Inc of Canada, an active investor in various sectors in India, is engaged in parleys with the company to invest in the latter’s assets valued at about $1.5 billion. ... Read more.. Date : Apr 23 Source: The Hindu BusinessLine
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Cutting household fuel use may save 2.7 Lakh lives annually in IndiaIndia could make a major dent in air pollution and save about 270,000 lives a year by curbing emissions from dirty household fuels such as wood, dung, coal and kerosene, according to a study led by researchers from IIT Delhi. Eliminating emissions from these sources -- without any changes to industrial or vehicle emissions -- would bring the average outdoor air pollution levels below the country's air quality... Read more.. |
$ 5 billion required annually for solid waste management through PPP mode: studyAn amount of $ 5 billion every year is required to implement public-private partnership (PPP) model for municipal solid waste management (MSWM) in Indian cities, noted a recent ASSOCHAM-EY joint study. The study titled, ‘The big “W” impact: effective urban waste management solutions in India,’ conducted by The Associated Chambers of Commerce and Industry of India (ASSOCHAM) jointly with global advisory services... Read more.. |
Delhi Metro trains to now run on solar power too; DMRC gets 27 MW power from Rewa projectDelhi Metro trains will now also run on solar power as the DMRC on Thursday received 27 MW power from the Madhya Pradesh-based Rewa Solar Power Project, officials said. This will also be the first time when the Delhi Metro Rail Corporation (DMRC) will be receiving power from an "offsite source". "Till now, solar power generated by roof-top solar plants installed in DMRC premises were utilised for auxiliary... Read more.. |
Ola bags $300 million from hyundai and kia for mobility solutions and electric vehicles venturebeat gas x directionsAs part of the investment, Ola said the companies will also work on improving local infrastructure in India and building electric vehicles for the nation, as well as developing solutions to operate and manage fleet vehicles. Today’s investment also marks the foray of Hyundai Motor Group, which currently focuses on manufacturing and selling automobiles, into developing a complete package of fleet solutions. As part... Read more.. |
Hyundai mulls options for sourcing EV components in IndiaSouth Korean auto major Hyundai is looking at various options for sourcing electric vehicle (EV) components in India, including local manufacturing of battery parts, a top company official said. The automaker, which is present in India through its wholly-owned subsidiary Hyundai Motor India Ltd (HMIL), said it is also looking for further clarity in government policy to drive in hybrid models in the country. “We are... Read more.. |
Green ministry notice to Delhi's Okhla waste plant after protestsThe Union ministry of environment forest and climate change has issued a show-cause notice to the Okhla waste-to-energy plant for violation of the environmental clearance. Last month, residents of Sukhdev Vihar, Ishwar Nagar, New Friends Colony, Jasola, Sarita Vihar and Haji Colony took out a rally to protest against the plant. "In September 2018, the National Green Tribunal was told by a joint inspection committee... Read more.. |
New Town vies for platinum green city tag, adopts plans for vertical growthThe West Bengal Housing and Infrastructure Development Corporation is planning to achieve vertical growth by allowing mixed development in New Town to achieve the platinum green city tag by the Indian Green Building Council. In the concept of mixed development residential units are allowed to be built within commercial establishments. ... Read more.. |
Solar, wind power capacity addition slows down in 2018-19The pace of adding renewable generation capacities slowed down in FY19 with just 8.6 gigawatt (GW) of solar and wind power plants getting commissioned in the fiscal. The country had added 11.3 GW and 11.8 GW of renewable capacities in FY17 and FY18, respectively. The installed renewable capacity now stands at 77.6 GW. Experts have attributed the situation to devaluation of the rupee, rising finance costs,... Read more.. |
