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Sustainability Outlook Headlines

Bengaluru-based company working on transforming sewage into biodiesel

The Karnataka State Biofuel Development Board is closely monitoring the pilot.
The fat and oil substances that enter some of Bengaluru's lakes through the city's broken sewage system may transform into biodiesel if a pilot project taken up at the Bellandur lake pays off. 

The Bangalore Water Supply & Sewerage Board (BWSSB) has permitted Eco Green Fuels, a private firm, to see if it can convert... Read more..

Source: The Economic Times

Eleven railway stations to sport rooftop solar plants

As part of the Southern Railway’s initiative to go green and save on electricity costs by producing 4 MW of solar power, rooftop solar plants will be installed at 11 stations in Palakkad and Thiruvananthapuram railway divisions.

“As far as the Railways is concerned, it is a win-win situation,” said G Suryanarayana, divisional electrical engineer (general services) Palakkad division. “Currently, the Railways... Read more..

Source: New Indian Express

IFC looks to invest $150 mn in Aditya Birla Finance via green bonds

International Finance Corporation, the private-sector investment arm of the World Bank, is looking to invest up to $150 million (Rs 958 crore) in Aditya Birla Finance Ltd to fund renewable energy projects.

IFC proposes to invest the capital through rupee external commercial borrowing which would be the first dedicated climate finance funding for ABFL, IFC said in a disclosure.

... Read more..

Source: VCCircle

International Solar Alliance (ISA) signs $5 billion finance deal

The International Solar Alliance (ISA) has signed letters of intent for $5 billion worth of financing and the initiation of development of nine solar projects across five countries.

The ISA signed the financing commitment by Yes Bank, India's fifth largest private sector bank and leader in renewable energy financing, on Wednesday on the fourth day of the Abu Dhabi Sustainability Week.

... Read more..

Source: Khaleej Times

India will need at least $125 billion to fund renewables dream: government official

India will need at least $125 billion to fund its ambitious plan to increase the share of renewable power supply in the country’s grid by 2022, a top government official told Reuters, underlining the immense financing challenge ahead.

The South Asian nation is one of the world’s most important growth markets for renewable energy. Millions of Indians are not yet linked up to the power grid but as the country... Read more..

Source: REUTERS

70 per cent safeguard duty on solar will put Rs 12,000 crore projects at risk: CRISIL

Levying 70 per cent provisional safeguard duty on imported solar panels and modules from China and Malaysia, as recommended by the Directorate General of Safeguards, will put solar power projects of around 3,000 Megawatt capacity worth over Rs 12,000 crore at risk, research and ratings agency CRISIL said. 

India auctioned around 4,000 Mw of solar projects last year (2017) which are currently under... Read more..

Source: ET Energyworld

Sembcorp Industries planning IPO for India unit to raise $500-600 million

Singapore-based utility group Sembcorp Industries is gearing up to file for an initial public offering (IPO) of its Indian arm which could see the company raise around $500-600 million (about Rs3,200-3,800 crore), two people aware of the development said.

Sembcorp’s Indian arm comprises thermal and renewable power assets. “Sembcorp India is expected to file its draft IPO prospectus with Securities and... Read more..

Source: livemint

Ashok Leyland signs LoI with Phinergy to meet energy requirements of EV commercial vehicles

Flagship of the Hinduja Group, Ashok Leyland, on Wednesday took the next step to secure long-term arrangements for its EV commercial vehicles by signing a Letter of Intent (LoI) with Phinergy of Israel.

With the intention of providing varying energy management solutions to the customers, Ashok Leyland and Phinergy will work towards the adaptation of unique, competitive, and sustainable solutions for high-... Read more..

Source: Outlook India

NGT: Deny clearance to thermal plants till they comply with standards

The National Green Tribunal on Wednesday directed the Ministry of Environment and Forests (MoEF) and state environment impact assessment authorities to “not grant any new environment clearances” to new thermal power plants until they comply with the standards set by the ministry.

The MoEF had on December 7, 2015 issued a notification revising the standards for coal-based thermal power plants across the... Read more..

Source: Indian Express

Government seeks tech solutions for waste management

The government is seeking technological solutions for managing the huge untreated waste across the country which is not only leading to poor sanitary conditions but also damaging the environment.

Around 62 million tonnes (mt) of solid waste is generated in India every year but only 43 mt is collected and a mere 12 mt treated. Similarly, about 15,000 tonnes of plastic waste is generated everyday but of that,... Read more..

Source: livemint

Bharat Forge sets up R&D facility for Electric Vehicles in Britain

Pune-based auto components major Bharat Forge has opened an R&D facility in Britain for developing components and sub-systems focused on e-vehicles. 

The Electric Mobility R&D centre will be able to tap into the extensive testing facilities at the Mira Technology Park as well as the pool of engineering talents in the British Midlands, a release said. 

... Read more..

Source: ET Energyworld

Karnataka Electricity Regulator seeks cut in base tariff for solar auction

With solar energy prices progressively falling, Karnataka's power regulator has directed the state's renewable energy development agency to substantially lower the benchmark tariff for its forthcoming solar auction from what it had earlier agreed to.

The Karnataka Electricity Regulatory Commission (KERC) had earlier accepted a base price of Rs 4.36 per unit for an 860 MW solar auction the KarnatakaRenewable... Read more..

Source: ET Energyworld

Husk Power raises $20 mn for its mini-grid business

Husk Power Systems said today that it has raised USD 20 million (over Rs 127 crore) to scale its renewable mini-grid business both in Asia and Africa. 

The USD 20 million equity investment has been made by "Shell Technology Ventures LLC, Swedish development finance institution Swedfund International and ENGIE Rassembleurs d'Energies, ENGIE group's impact investment fund", the company said in a statement. ... Read more..

Source: The Economic Times

Arvind Kejriwal hopes Delhi, Fukuoka pact will help combat pollution

The Delhi government and the Fukuoka Prefectural Government (FPG) signed a Friendship Agreement Tuesday, with Chief Minister Arvind Kejriwal noting that it will allow the capital to “harness” potential in core areas, especially “environment and air pollution”, a “major issue of concern”.

The agreement — wherein the core areas are environment, air pollution, culture, tourism and heritage, education and youth... Read more..

Source: The Indian Express

IRENA-WRI analysis - urgent action significantly reduces water consumption in power sector.

A new policy brief co-authored by the International Renewable Energy Agency (IRENA) and the World Resources Institute (WRI) finds that increasing the share of renewables, in particular solar photovoltaic (PV) and wind, in India’s power mix, and implementing changes in cooling technologies mandated for thermal power plants would not only lower carbon emissions intensity, but also substantially reduce water withdrawal and consumption intensity of power generation.

... Read more..

Source: Energetica India

Indian clean energy investments dropped 20 per cent to $11 billion in 2017: BNEF

Global clean energy investments rose a marginal 3 per cent to $333.5 billion in 2017, led by China where investment in all clean energy technologies increased to $132.6 billion, up 24 per cent from 2016. However, clean energy investments in India dropped 20 per cent to $11 billion last year, according to BNEF.

"After China, the next biggest investing country was the U.S., at $56.9 billion, up 1 per cent on... Read more..

Source: ET Energyworld

New catalyst can help turn carbon dioxide into plastic

Scientists have created a catalyst that can efficiently convert carbon dioxide to ethylene, which is used to produce the most common type of plastic.

At the heart of this work is the carbon dioxide reduction reaction, wherein CO2 is converted into other chemicals through the use of an electrical current and a chemical reaction, aided by a catalyst.

... Read more..

Source: The Times of India

Domestic solar panels to get only EPC, subsidy-backed projects

As India faces heat at the World Trade Organisation (WTO) for giving preference to domestic solar manufacturers in its renewable energy programme, the Ministry of New and Renewable Energy (MNRE) has made changes to the content sourcing policy. This comes at a time when the domestic solar manufacturing industry has sought safeguards and anti-dumping duty on import of solar panels from China and Malaysia.

In... Read more..

Source: Business Standard

Azure Power bags 200 Mw solar power project via SECI auction

Azure Power today announced bagging of a 200 mw solar power project through an auction conducted by Solar Energy Corporation of India (SECI). 

"The 200 mw allocation is the largest by SECI in this auction, 80 per cent of the total," the company said in a statement. 

The company said that it will enter into... Read more..

Source: ET Energyworld

Over 13,000 houses in West UP get electricity connections in a day

As many as 13,254 houses were given electricity connections in Western Uttar Pradesh in a single day on Saturday under 'Saubhagya' scheme, senior government officials said. The districts where the connections were given include Meerut, Baghpat, Ghaziabad, Bulandshahr, Hapur, Gautam Budh Nagar, Saharanpur, Muzaffarnagar, Shamli, Moradabad, Sambhal, Amroha, Rampur and Bijnor.

Out of the total houses, 2,372... Read more..

Source: ET Energyworld

ReNew, Greenko, Hero eye india assets of exiting SkyPower Global

At least three Indian developers are eyeing the assets of Canadian renewable energy company SkyPower Global, which plans to exit India after a troubled run in the country.

Hero Future Energies, ReNew Power and Greenko Energy Holdings have been in talks with Toronto-based SkyPower and a deal for its 350 MW of solar assets is expected within a month, people familiar with the development said.... Read more..

Source: ET Energyworld

J&K govt provides 91,000 solar lights to households in un-electrified villages

The Jammu and Kashmir government today said 91,000 solar home lights have been provided to households in un-electrified villages in the state. 

Minister for Social Welfare, ARI & Trainings and Science & Technology Sajad Gani Lone said the home lighting devices were provided under the Remote Village Electrification Programme. 

... Read more..

Source: ET Energyworld

IOC, Phinergy to develop ultra lightweight batteries for Electric Vehicles

State-owned Indian Oil Corp (IOC) today signed an initial pact with Israel's Phinergy Ltd for developing ultra lightweight metal-air batteries that can be used in electric vehicles (EVs). 

IOC Chairman Sanjiv Singh and Daniel Carmon, Ambassador of Israel to India, have exchanged a letter of intent (LoI) amidst the visit of Prime Minister of Israel Benjamin Netanyahu to India. 

... Read more..

Source: ET Energyworld

India is said to mull power law change to boost EV stations

India's power ministry is considering ending the lock on electricity sales by distributors as one way to speed up growth in vehicle charging stations, according to a ministry official with knowledge of the plan. 

The approach would require amending the nation's Electricity Act, which only allows distributors to sell power, including for electric-vehicle charging stations, according to the official, who asked... Read more..

Source: The Economic Times

Shell ventures back into solar, agrees to acquire stake in US firm

Royal Dutch Shell agreed on Monday to acquire a stake in a U.S. solar company, 12 years after exiting the sector, in the latest in a series of deals to grow beyond its core oil and gas business.

The Anglo-Dutch company also gave the green light for its first major new project in the North Sea in six years, signalling a cautious return to spending following three years of belt tightening in the face of lower... Read more..

Source: ET Energyworld
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