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Sustainability Outlook Headlines
ICICI Prudential Life Insurance releases ESG Report 2021ICICI Prudential Life Insurance Company has released its 2nd ESG Report for the year 2020-21. The organisation firmly believes in ensuring long-term sustainability by undertaking holistic and proactive action. The last three years have been landmark years for ICICI Prudential for their strategic transformation, business aspirations, and value creation for shareholders. The report is built using the three pillars of sustainability: Environment-Conscious use, re-use and regeneration of its resources, Social – Empathy, and inclusion for all stakeholders, and Governance – Transparency and... Read more.. Date : Jul 9 Source: India CSR
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Kia, Hyundai collaborate with Next Hydrogen to develop alkaline water electrolysis systemKia Corporation and Hyundai Motor Company have signed a memorandum of understanding with Next Hydrogen Corporation, a Canadian company specializing in water electrolysis technology and a subsidiary of Next Hydrogen Solutions Inc., bolstering their efforts to usher in a global hydrogen society through cost-effective production of clean hydrogen. Under the agreement, the companies will jointly develop an alkaline water electrolysis system[1] and its related stack for the purpose of generating green hydrogen economically and exploring new business opportunities and technological applications... Read more.. Date : Jul 9 Source: Automotive World
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Wind energy cos seek deadline extension for project completionWind energy companies in India woefully behind their project timelines have sought a blanket extension for all ongoing and future projects, calling the current 18-month timeframe "unviable". At a meeting between renewable energy companies and the Ministry of New and Renewable Energy (MNRE) in June, wind companies have requested the government to extend the deadline for project completion to at least 24 months, according to people who attended the meeting. Projects of Adani Green, ReNew Power, Enel Green Power, Inox Wind, Mytrah, Astro, Srinjan and Alfanar are currently stuck in the... Read more.. Date : Jul 9 Source: ET EnergyWorld
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New solar thermal components testing facility at Hyderabad to give further fillip to India’s growing solar sectorA newly established Concentrated Solar Thermal (CST) based test rig facility at Hyderabad can help the growing solar industry in India to test capability and performance of solar thermal components like solar receiver tubes, heat transfer fluids, concentrating mirrors. The facility set up by the International Advanced Research Centre for Powder Metallurgy and New Materials (ARCI), an autonomous institute of the Department of Science & Technology (DST), will validate solar thermal components such as solar receiver tubes, heat transfer fluids, concentrating mirrors, and AR coated... Read more.. Date : Jul 8 Source: PIB
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ACME Solar and ReNew Power Winners in MSEDCL’s 500 MW Solar Auction – Tariffs INR 2.42/kWhACME Solar Holdings and ReNew Solar Power were declared the winners in the Maharashtra State Electricity Distribution Company Limited’s (MSEDCL) auction to procure power from 500 MW of solar photovoltaic (PV) projects (Phase VI) on a long-term basis. ACME Solar Holdings won a capacity of 300 MW quoting ₹2.42 (~$0.032)/kWh. Meanwhile, ReNew Solar Power won 200 MW quoting ₹2.43 (~$0.033)/kWh. The tender had received a strong response from the bidders and was oversubscribed by 3.5 GW. The state distribution company (DISCOM) had floated the tender in May to procure 500 MW of... Read more.. Date : Jul 8 Source: Mercom
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Ingka Group, H&M, Kingfisher and Walmart join forces in retail alliance – on the pathway towards a 1.5°C futureCurrently, only 5 percent of retail businesses (by total global industry revenues) have committed to taking action to limit global warming in accordance with the Paris Agreement. To put it simply, retail is not yet doing its part, and it has a big opportunity to make a positive impact, particularly through: influencing supply chains; Date : Jul 8 Source: INGKA
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Energycane produces more biodiesel than soybean at a lower costBioenergy from crops is a sustainable alternative to fossil fuels. New crops such as energycane can produce several times more fuel per acre than soybeans. Yet, challenges remain in processing the crops to extract fuel efficiently. Four new studies from the University of Illinois explore chemical-free pretreatment methods, development of high-throughput phenotyping methods, and commercial-scale techno-economic feasibility of producing fuel from energycane in various scenarios. The studies are part of the ROGUE (Renewable Oil Generated with Ultra-productive Energycane) project... Read more.. Date : Jul 8 Source: Eureka Alert
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Commission puts forward new strategy to make the EU's financial system more sustainable and proposes new European Green Bond StandardThe European Commission has today adopted a number of measures to increase its level of ambition on sustainable finance. First, the new Sustainable Finance Strategy sets out several initiatives to tackle climate change, and other environmental challenges, while increasing investment – and the inclusiveness of small and medium-sized enterprises (SMEs) – in the EU's transition towards a sustainable economy. The European Green Bond Standard proposal, also adopted today, will create a high-quality voluntary standard for bonds financing sustainable investment. Finally, the Commission adopted... Read more.. Date : Jul 8 Source: European Comission
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MoP clarification enables BSES discoms to exit NTPC PPA for the first time: Enables Discoms to relinquish entire allocated power from 25-yr-old projectsThe Union power ministry has allowed BSES Delhi discoms to exit power purchase agreement with NTPC’s Dadri-I unit, in a first of its kind move that is likely to trigger many such requests. In a clarification to its March notification, the power ministry on Tuesday said power distribution companies can exit entire allocation from a particular project after completion of 25 years. ”In case of bulk power supply agreement also, the state/discoms may relinquish entire allocated power from such projects which have completed 25 years since commissioning of the project,” the clarification said.... Read more.. Date : Jul 7 Source: Economic Times
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AIPEF writes to PM, seeks 'detailed deliberations' of stakeholders on Electricity (Amendment) Bill, 2021The All India Power Engineers Federation (AIPEF) has written to the prime Minister seeking "detailed deliberations" with various stakeholders on the proposed Electricity (Amendment) Bill, 2021, before rushing it to Parliament. The federation in a letter to the prime minister has stressed that the proposed bill should not be rushed to Parliament during the pandemic period and there should be detailed discussions with power sector engineers and employees, an AIPEF statement said. V K Gupta, an AIPEF spokesperson, said in the statement that the Ministry of Power circulated the... Read more.. Date : Jul 7 Source: Economic Times
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Wealth from Waste: Spent catalyst from industry can be an efficient catalyst for batteriesWe are perhaps looking at a future in which industrial waste will form the base for energy storage in batteries. Scientists have shown that the spent catalysts from the energy industry or the raw material for recycling operation that deliver fresh catalysts and valuable metals work as an efficient bifunctional oxygen electrocatalyst and can catalyze the core reactions that facilitate the operation of metal-air batteries. It can help develop new strategies for effectively using industrial waste for energy storage in batteries paving the way to realize the dream of achieving ‘today's... Read more.. Date : Jul 7 Source: PIB
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Maharashtra sugar mills plan compressed bio-gas plantsSugar mills in the State have potential to generate 1.5 lakh tonnes of CBG every year to earn ₹700 crore Sugar millers discussed CBG plants in a recent meeting organised by Vasantdada Sugar Institute (VSI), the premier research and development organisation in sugar and allied industry. ... Read more.. Date : Jul 7 Source: The Hindu BusinessLIne
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Hyundai Motor to invest in Solid Energy Systems, a next-gen battery companyHyundai will invest USD 100 million (KRW 113.6 billion) in Solid Energy System corporations, the developer of lithium metal batteries. According to the industry, Hyundai Motor recently signed an equity investment agreement with this company. Solid Energy, established as a start-up of the Massachusetts Institute of Technology (MIT) in 2021, developed a prototype lithium metal battery, a next-generation battery that made up for the shortcomings of existing lithium batteries. Based on this technology, it signed a joint research contract with General Motors in March. Solid Energy... Read more.. Date : Jul 7 Source: Business Standard
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EU bets on energy savings, greener buildings to meet climate target -draftThe European Union will require countries to renovate energy-guzzling buildings faster and meet tougher targets to save energy as part of its drive to meet climate change goals, according to a draft document seen by Reuters. Buildings produce more than a third of EU CO2 emissions and account for 40% of the bloc's energy consumption, making the sector a key threat to Europe's plan to reduce planet-warming emissions. A draft European Commission proposal, seen by Reuters, would require countries to put in place measures to cut their final energy consumption by 1.5% each year... Read more.. Date : Jul 7 Source: Reuters
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NTPC floats tender for deploying hydrogen fuel cell buses in Delhi, LehState-owned NTPC on Monday said its subsidiary NTPC Vidyut Vyapar Nigam Ltd (NVVN) has floated a tender for deployment of hydrogen fuel cell buses in Delhi and Leh. The bid document sale commenced from June 30, 2021 and will continue till July 16, 2021, NTPC said in a statement. The e-buses would be zero-emission vehicles in true form as hydrogen would be generated from renewable energy making it a pure green initiative. Green hydrogen would be supplied to the buses by NTPC Renewable Energy Ltd. NVVN is providing comprehensive mobility solution in all e-vehicle segments... Read more.. Date : Jul 6 Source: Economic Times
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Gujarat Not to Allow Net Metering for Rooftop Solar Systems Over 10 kWThe Gujarat Electricity Regulatory Commission (GERC) has proposed amendments to the ‘Net Metering Rooftop Solar Grid-Interactive Systems Regulations, 2016’. As per the proposed amendments, net metering will be permitted for loads up to 10 kW, and gross metering will be provided for loads above 10 kW. The installed capacity has to be in the range of 1 kW to 1 MW. Recently, the Ministry of Power amended the Electricity (Rights of Consumers), 2020, Rules, permitting net metering to prosumers for loads up to 500 kW or up to the approved load, whichever is lower. The government... Read more.. Date : Jul 6 Source: Mercom
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EESL to help set up EV charging stations in the city for PMCEESL is promoted by the Ministry of Power, Government of India as a joint venture of four reputed public-sector undertakings - NTPC Limited, Power Finance Corporation Limited, REC Limited and Powergrid Corporation of India Limited. NITI Aayog had earlier selected Pune as the country’s first Urban Mobility Lab, with e-mobility as priority. PMC’s proposal on the EV adoption has advanced to the final stage of the 2021 Global Mayors Challenge, a worldwide competition that encourages and spreads most promising ideas by cities. The top 15 cities will win $1 million each as... Read more.. Date : Jul 6 Source: Hindustan Times
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Call to install rooftop solar plant to reduce power billsAn electricity consumer, who had installed a Roof Top Solar (RTS) plant atop his independent house at Vudanagar Phase-I at Kurmannapalem five years ago, has been saving around ₹2,500 a month on electricity bills during the peak summer months! Missed out availing of the benefit of installing an RTS plant in phase-I? Here’s another golden opportunity. The Ministry of New and Renewable Energy (MNRE) has sanctioned 8 MW capacity to APEPDCL in the residential sector under phase-II of the Grid Connected RTS programme with timelines for completion of the allocated capacity within 15 months... Read more.. Date : Jul 6 Source: The Hindu
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India's Azure Power lands debt for 300 MW of solar in RajasthanIndian solar power producer Azure Power Global Ltd (NYSE:AZRE) has secured USD 163 million (EUR 137.3m) in syndicated debt financing for a 300-MW portfolio of photovoltaic (PV) projects in Rajasthan. The five-year debt will be extended by a tie-up of lenders led by Japan’s Mitsubishi UFJ Financial Group (MUFG), the latter said last week. Apart from being the lead manager, MUFG is also the hedging bank and facility agent for the financing deal. Specific details about the projects that will benefit from the transaction were not provided. The deal marks MUFG’s third... Read more.. Date : Jul 6 Source: Renewables Now
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Andhra Pradesh announces subsidy for solar rooftop plantsAndhra Pradesh Eastern Power Distribution Corporation Limited (APEPDCL) on Friday announced central financial assistance for residential customers interested in installing grid-connected rooftop solar (RTS) plants. The facility was extended to Srikakulam, Vizianagaram, Visakhapatnam and both Godavari districts’ residential consumers by installing grid-connected plants in their homes through EPDCL, the chief general manager, Energy Conservation, Energy Audit, Solar/APEPDCL V Vijaya Lalita said. The ministry of new and renewable energy (MNRE) has sanctioned 8MW capacity in the... Read more.. Date : Jul 5 Source: Economic Times
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NTPC, ONGC to boost development of offshore wind energyState-run power giant NTPC and upstream oil firm ONGC have planned to boost the development of offshore wind energy in India, which is blessed with a coastline of about 7,600 km surrounded by water on three sides and has good prospects of harnessing this clean source. Earlier in May last year, NTPC and ONGC had signed a memorandum of understanding (MoU) to accelerate their footprint in the renewable energy space. As per the MoU, NTPC and ONGC will explore the setting up of offshore wind and other renewable energy projects in India and overseas. The pact also provided that... Read more.. Date : Jul 5 Source: Financial Express
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Raj govt looks to make state leader in renewable energy: GehlotThe Rajasthan government is looking to make the state a leader in the renewable energy sector, Chief Minister Ashok Gehlot said on Friday. To accelerate the projects related to the development of renewable energy, the state government has implemented the Rajasthan Solar Energy Policy-2019 and Solar-Wind Hybrid Energy Policy-2019, Gehlot said in a statement. He said that the policies have encouraged investment in renewable energy and setting up of mega solar park projects in the state. Gehlot was addressing online meeting of Rajasthan Renewable Energy Corporation. He said that... Read more.. Date : Jul 5 Source: Economic Times
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Very high non-compliance of e-waste rules at 72 collection centres in Delhi: DPCCSeventy-two e-waste collection centres in the capital have been found violating E-waste Management Rules and the Central Pollution Control Board (CPCB) has been requested to take action against them, the Delhi Pollution Control Committee (DPCC) said on Sunday. The degree of non-compliance is "very high" looking at the findings of the inspections, the DPCC noted. The apex pollution control body has also been asked to cancel Extended Producer's Responsibility (EPR) authorization granted to the producers attached with these non-compliant collection centres. EPR is one of... Read more.. Date : Jul 5 Source: Economic Times
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New microbial enzyme breaks down lignin for less expensive biofuels, bioproductsResearchers at Oak Ridge National Laboratory (ORNL) have discovered a microbial enzyme that degrades tough-to-break bonds in lignin, a waste product of biorefineries. When inserted into a bioengineered bacterium, the enzyme helps efficiently convert lignin compounds into a common component of plastics—muconic acid—opening a pathway to transform waste into a commercially valuable biochemical. A paper on the work is published in the journal Metabolic Engineering. Researchers discovered the enzyme, named LsdE, in the bacterium Novosphingobium aromaticivorans, pictured, a microbe... Read more.. Date : Jul 5 Source: Green Car Congress
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GAIL looking at petrochemicals, renewable energy for growthState-owned GAIL India Ltd is eyeing expansion in petrochemicals, specialty chemicals and renewables as it pivots a new strategy to expand the business beyond natural gas, its chairman Manoj Jain said. The nation's largest gas marketer and shipper has adopted a revised future blueprint, called 'Strategy 2030' to define its journey through the next decade. "This strategic plan will help us to address our challenges in changing industry scenarios and provide new areas for growth with geographic expansion," he told PTI in an interview. Date : Jul 5 Source: Deccan Herald
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