Sustainability Outlook Headlines

ReNew Power raises Rs 2,235 cr from NCD

ReNew Power has raised Rs 2,235 crore through a non-convertible debenture (NCD) issue which will be utilised for repaying its existing loans and business expansion.

The issue had two parts with the first, a credit enhanced NCD worth Rs 760 crore and the second, a multi-issuer cross-collateralised rupee bond involving multiple power distribution companies valued at Rs 1,475 crore, the company said in a... Read more..

India rejects US solar claim at WTO, explores new defence

Renewable energy has become an area of severe trade friction as major economies compete to dominate a sector that is expected to thrive as reliance on coal and oil dwindles.
India hit back on Monday at Washington's latest legal assault on its solar power policies at the World Trade Organization, rejecting a U.S. legal claim and exploring possible new protection of India's own solar industry. 

Last... Read more..

Waste composting machine set up at Walmart store

A waste composting machine, with a capacity to handle 50 kg of waste per day, was inaugurated on Monday at the Walmart India’s Best Price Modern Wholesale Store in the city.

It is the first store to become part of the company’s Bio-degradable Waste Management Project. The machine would be able to manage the bio-waste generated at the store. Similar facilities were to be installed at the all Best Price Stores... Read more..

HDFC ERGO Offers Solar Energy Shortfall Insurance

HDFC Ergo General Insurance Company has designed a solar energy shortfall insurance policy to insure bidders against the likely loss of business if the generation doesn’t meet the projected levels.

The Ministry of New and Renewable Energy has proposed SRISTI — Sustainable Rooftop Implementation for Solar Transfiguration of India — the scheme to incentivise the installation of roof top solar projects in India... Read more..

India Reduced Energy Subsidies by over $15Bn in Three Years

The central government reduced its energy subsidies – financial benefits provided to boost energy production and consumption – by over Rs 82,000 crore ($15 billion) between 2013-14 and 2015-16, a drop of 38 percent.

During the same period, carbon-emitter fossil fuels such as coal, oil and gas remained the largest beneficiaries. While subsidies to renewables increased by over Rs 6,700 crore ($1.05 billion),... Read more..

Cochin International Airport Ltd (CIAL) to enhance solar power generation

The Cochin International Airport Ltd (CIAL), which has taken the lead in utilising renewable energy in the aviation sector by becoming the first fully solar-powered airport in the country, is aiming to optimise its renewable energy capabilities to a record level of 40 MV by March.

The airport company, which at present has an installed capacity to generate 29.3 MW solar power, has awarded Indian EPC... Read more..

Solar power to fuel Rs 1.5 crore savings for Pune division of Railways

With Pune station generating more than 2lakh kilowatt (KW) of solar power, senior officials have said that equipment capable of generating 1.2 MWp (megawatt peak) of power will be installed at different spots under Pune division of Indian Railways.

"The Pune division has been concentrating on power from solar energy and many initiatives have been taken. We intend to generate 17.52 lakh KW of power by... Read more..

Delhi electricity regulator asks for feedback over power tariff revision

Delhi Electricity Regulatory Commission (DERC) recently issued a notice asking stakeholders for their feedback on the power tariff petitions filed by the three power companies by January-end. 

As per sources, the discoms have shown a combined revenue gap of over Rs 2,000 crore in their average revenue requirement (ARR) petitions for financial year 2018-19 . This estimated gap would be scrutinised by DERC for... Read more..

Manipur gets waste management plant to preserve green cover

In an endeavour to protect and preserve the green cover of northeastern state of Manipur, a solid waste treatment plant has been set up at Lamdeng at Lamdeng in Imphal West.

The plant, set up under a state government initiative, is helping the state manage solid and industrial waste.

The operations of the... Read more..

JSW Energy incorporates JSW Solar for clean energy business

Sajjan Jindal-led JSW Energy today said it has incorporated a wholly owned subsidiary JSW Solar Ltd to pursue business opportunities in renewable energy and related segments. 

"The company has, on January 1, 2018, incorporated a wholly owned subsidiary JSW Solar Ltd to, inter alia, pursue business opportunities in the renewable energy space, energy storage systems, micro grids, etc," JSW Energy said in BSE... Read more..

Average spot power price drops 15% in Dec to Rs 3 per unit

Average spot power price dropped to Rs 3 per unit in December, which is about 15 per cent lower than Rs 3.55 per unit in the preceding month on Indian Energy Exchange (IEX).

"The average Market Clearing Price (MCP) discovered in Day-Ahead Market at IEX for December was at Rs 3 per unit, about 15 per cent lower than the price in November'17 which was Rs 3.55 per unit and 29 per cent above Rs 2.32 per unit... Read more..

Solar companies ask regulators of Haryana, Uttarakhand to remove bottlenecks

Solar developers have moved the power regulators of Haryana and Uttarakhand to smoothen out anomalies which are impeding the growth of solar capacity in these two states. 

In one petition, the Distributed Solar Power Association (DISPA) has noted that the regulator, the Haryana Electricity Regulatory Commission (HERC) has yet to implement a key recommendation of the Haryana Solar Policy announced in March... Read more..