Sustainability Outlook Headlines

Dutch Development Bank FMO invests $5-million in Bihar-based mini-grid developer Husk Power

Husk Power Systems, a Bihar-based off-grid renewable energy start-up, has received $5-million funding from Dutch development bank FMO, the company said in a press release on Tuesday.

“We are honored to have FMO as an investor and partner in Husk Power. Not only will the investment be a catalyst for Husk to achieve its ambitious mini-grid roll-out plan, it gives us a partner with deep knowledge and experience in scaling innovative energy technology companies like Husk Power to focus on promoting productive uses of... Read more..

Dow India launches Rethink+, India's first digital waste management program to recycle plastic waste

Dow Chemical International Pvt. Ltd (Dow India) announced today the launch of its first digital waste management platform Rethink+. This is a unique plastics take-back program that aims to prevent post-consumer plastic waste from going to landfills by digitally connecting waste generators, waste aggregators, waste processors and recyclers. This new initiative is in collaboration with Recykal, a technology company providing cloud-based solutions for the waste management and recycling industry, and a waste... Read more..

ReNew may adopt orphan SPV to raise $350 m

India’s leading green energy company ReNew Power is planning to raise about $320-350 million through an overseas green bond sale as the company aims to expand capacity and repay high-cost local debt,... Read more..

Facebook contracts 100 MW of rooftop solar arrays in Singapore

Social media giant Facebook (NASDAQ:FB) has signed a contract with Sunseap Group Pte Ltd to buy solar power from 100 MWp of rooftop photovoltaic (PV) installations in Singapore.

The newly signed virtual power purchase agreement (VPPA) should help Facebook achieve its objective to support its operations in the region, including Asia’s first custom-built data centre, with 100% renewable energy and to reduce... Read more..

Dr Reddy's joins hands with SBTi, aims to cut greenhouse gas emissions by 55 per cent by 2030

Dr Reddy's Laboratories on Monday said it has committed to reduce its greenhouse gas emissions by 55 per cent by 2030. The Hyderabad-based drug major has joined hands with the Science Based Targets initiative (SBTi), thus becoming the first Indian and the third Asian... Read more..

India third largest job provider in renewable energy sector after China, Brazil

After China and Brazil, India is the third largest job provider in the renewable energy sector. India’s renewable energy sector provides 8.24 lakh jobs, finds a study by International Renewable Energy Agency (IRENA).

Solar photovoltaic segment provides the largest number of both direct and indirect jobs -- 2,04,000 jobs -- in India. On-grid solar sector provides an estimated 1,09,000 jobs, while another 95,... Read more..

India's wind power generation down 40% during peak season

Solar power plant commissioned at IIM Trichy

With the commissioning of a two MegaWatt solar power plant on Thursday, Indian Institute of Management (IIM) Trichy is expected to bring down two-third of its conventional energy consumption.

The solar plant spread around an artificial lake on campus was installed at a cost of Rs14.20 crore. The project was sponsored by the Rural Electrification Corporation Limited (RECL) as part of its CSR initiative.

Officials said that the power plant had been under trial run for the last... Read more..

Bengaluru keen to roll out red carpet for Tesla safari

Karnataka has pitched Bengaluru to Tesla, the world’s most valuable carmaker, as a potential location for a Gigafactory where it can manufacture electric cars and batteries, a state government official told ET.

Tesla has already held preliminary talks with the state for a research and innovation unit in the city, home to many of India’s electric vehicle (EV) startups such as Ola Mobility, Ather Energy,... Read more..

India's focus on renewable sector to ensure energy security, combat climate change: Suresh Prabhu

India's focus on renewable segments like solar, wind and hydro power will not only ensure energy security but also address environmental concerns, former union minister Suresh Prabhu said on Wednesday. "The energy and environment are the two sides of the same coin. So how do you generate energy is going to be determining to what extent you are compromising, whether or not, with climate security, environmental concerns.

... Read more..

Uttar Pradesh’s Rs 4,800-crore solar project gets Central government’s nod

MNRE has asked the Bundelkhand Saur Urja, the solar power park developer (SPPD), to submit the detailed project report at the earliest.
The ministry of new and renewable energy (MNRE) has granted in-principal approval for the setting up of a 1200-MW ultra mega solar project in Jalaun district of Uttar Pradesh with an investment of Rs 4,800 crore.

The project, which will come up in Bundelkhand region, will be set up by Bundelkhand Saur Urja (BSUL), a joint venture company between Uttar Pradesh Non-Conventional Energy Development Agency (UPNEDA) and National Hydro Power... Read more..

SJVN bags 100 MW solar project in Gujarat

State-owned power producer SJVN on Wednesday said it has bagged a 100 mega watt (MW) solar project in Raghanesda Solar Park in Gujarat. SJVN Ltd had participated in an open bidding process for allotment of Raghanesda Solar Park, Gujarat and bagged the quoted capacity of 100 MW at the rate of Rs 2.73/unit on build own and operate (BOO) basis, SJVN said in a regulatory filing.

SJVN said the tentative cost of construction/development of this project is Rs 490 crore.

"The project is... Read more..