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Sustainability Outlook Headlines
ENGIE Plans Billions in Disposals & Renewables Investments as it Repositions for Energy TransitionCatherine MacGregor, CEO, said: “We are repositioning ENGIE to capture significant growth A simpler ENGIE will be uniquely positioned to drive an affordable, reliable, and sustainable energy Jean-Pierre Clamadieu, Chairman... Read more.. Date : May 19 Source: Wiztopic
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Pathway to critical and formidable goal of net-zero emissions by 2050 is narrow but brings huge benefits, according to IEA special reportWorld’s first comprehensive energy roadmap shows government actions to rapidly boost clean energy and reduce fossil fuel use can create millions of jobs, lift economic growth and keep net zero in reach The world has a viable pathway to building a global energy sector with net-zero emissions in 2050, but it is narrow and requires an unprecedented transformation of how energy is produced, transported and used globally, the International Energy Agency said in a landmark special report released today. Climate pledges by governments to date – even if fully achieved – would fall... Read more.. Date : May 19 Source: IEA
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India's electricity use falls in May due to COVID-19 lockdownsCHENNAI - India's electricity use fell 6.2per centduring the first half of May compared with the second half of April, government data showed, as coronavirus lockdowns imposed by states across the country stifled power demand. Total daily average electricity supply to states fell to 3,666 billion units during the first sixteen days of May, compared with 3,910 billion units during the second half of April, data from federal grid regulator POSOCO showed. Industries and offices account for half the country's annual electricity consumption. Power generation in India generally... Read more.. Date : May 18 Source: Economics Times
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India's ReNew Power to become PV manufacturer, plans 2-GW factoryMay 17 (Renewables Now) - Indian independent power producer ReNew Power Pvt Ltd today unveiled a plan to build a 2-GW solar cell and module factory in the state of Gujarat to supply its own projects and also sell components to other sector players. The company will develop the greenfield facility on 100 acres of land in Dholera Special Industrial Region (DSIR), about 100 km outside the city of Ahmedabad. The vertically integrated plant will utilise monocrystalline PERC (Passivated Emitter & Rear Contact) and large wafer technology. Operations are expected to commence in fiscal... Read more.. Date : May 18 Source: Renewables Now
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MoEVing partners Hero Electric to accelerate affordable EV adoptionNew Delhi based tech enabled electric fleet start-up for urban mobility, MoEVing - has partnered with Hero Electric to accelerate adoption of affordable EVs across India. Both companies aim to work together to increase the adoption of EVs via new demand and also focus on existing ICE vehicles to convert to EV. In the financial year 2021-22, MoEVing would deploy 1000 Hero Electric scooters through its technology platform for B2B e-commerce players, Retail, 3PL and FMCG companies. In the next five years, the partnership aims to convert over 100,000 2W ICE vehicles used in last mile delivery... Read more.. Date : May 18 Source: Business World
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CERC Approves Registration of India’s Third Power ExchangeThe Central Electricity Regulatory Commission (CERC) has granted Pranurja Solution Limited (PSL) registration right to establish and operate a power exchange. It would make PSL the third power exchange in India after India Energy Exchange (IEX) and Power Exchange India (PXIL). PSL was incorporated in 2018 as a consortium of PTC India (PTC), BSE Investments, and ICICI Bank. In 2018, The Bombay Stock Exchange (BSE), ICICI Bank, and PTC filed a petition with the CERC for a license grant to set up a new power exchange. In February this year, the Commission proposed... Read more.. Date : May 18 Source: Mercom India
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World needs no new oil, gas projects under path to net-zero emissions by 2050: IEALondon — The world needs no new oil and gas developments and global oil demand would collapse by 75% under an energy scenario needed to put the world on a path to net-zero emissions by 2050, the International Energy Agency said May 18. Outlining its first roadmap for how the global energy sector can achieve net-zero emissions, the IEA said "immediate and massive" deployment of all available clean and efficient energy technologies would be needed to upend the dominance of fossil fuels in the energy mix over the coming decades. Date : May 18 Source: SP Global
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Compressed air tech for solar module cleaning, cooling shows promise in India field-testingBritish scientists have reported significant restoration of the panel performance with the experimental compressed air system developed by them for the simultaneous cleaning and cooling of PV modules. The system was built with a compressed-air unit which was made of a compressor, an air tank, and an airflow regulation valve, and a series of nozzles. The technique was tested on a PV system located in northwestern India. U.K. researchers have proposed to use the airflow generated from compressed air for the simultaneous cleaning and cooling of solar modules. They utilized a... Read more.. Date : May 18 Source: PV Magazine
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Merkel rejects bringing forward Germany’s exit from coalGerman Chancellor Angela Merkel on Saturday rejected demands to bring forward an exit date for ending coal generation in Germany, currently set at 2038. "Those affected need some reliability on the path to climate neutrality," Merkel said. "I don't want to unravel this again after one year." Climate activists say that without an earlier coal phase-out, the more ambitious climate protection targets which Merkel’s government just agreed on cannot be achieved. The draft law - stipulating that Germany aims for a 65% cut in carbon emissions by 2030 and net zero by 2045, up... Read more.. Date : May 18 Source: Reuters
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National Jal Jeevan Mission writes to States/ UTs for measurement and monitoring of water supply in villages; Big move to digitise water supply infrastructure in rural IndiaNational Jal Jeevan Mission has reached out to all States/ UTs for rolling out of sensor based IoT solution to measure and monitor water supply in rural areas. This is a noble initiative to ensure water service delivery in rural homes by addressing various issues that cause disruption in water supply on regular basis. India has one of the most vibrant IoT eco-systems in the world, with various supporting enablers making it conducive for companies seeking to serve the global demand beyond national boundaries. Government of India has introduced a number of initiativesto leverage the... Read more.. Date : May 17 Source: PIB
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India launches anti-dumping investigation against the import of solar cells from China, Thailand and VietnamThe commerce ministry has initiated an anti-dumping investigation against the import of solar cells from China, Thailand and Vietnam. The investigation was triggered by an application by the Indian Solar Manufacturers’ Association (ISMA). Solar cells are the basic ingredient used in the manufacturing of solar modules and Chinese products are 15-20% cheaper than their Indian counterparts. The notice issued by the directorate general of trade remedies said that prima facie evidence of dumping was found against the aforementioned product of the above countries, leading to injury... Read more.. Date : May 17 Source: Financial Express
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Adani Green Energy Ltd eyes Softbank’s majority stake in SB EnergyAdani Green Energy Ltd., majority-owned by Indian billionaire Gautam Adani, is in advanced talks to acquire privately-held SB Energy Holdings Ltd., according to people familiar with the matter. A deal could value SB Energy, owned by SoftBank Group Corp. and Bharti Enterprises Ltd., at more than $650 million, said one of the people, who asked not to be identified as the information is private. Adani Green is exploring a buyout of the renewable energy company through an all-stock deal, another person said. An announcement could come in coming weeks, the people said. Discussions... Read more.. Date : May 17 Source: Business Standard
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Commonwealth nations target inclusive shift to clean energyNew Delhi: The Second Commonwealth Sustainable Energy Forum concluded with strong recommendations for member countries to work together to fast-track an inclusive, just and equitable transition to low-carbon energy systems across the Commonwealth. The biennial gathering, held virtually over May 12-14, explored practical solutions to help meet global commitments on energy made under the 2030 Agenda for Sustainable Development and the Paris Agreement on Climate Change. Participants discussed new low-carbon technologies, addressing the high cost of technology and need for better... Read more.. Date : May 17 Source: Economics Times
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US Partnered with India as PM Modi Made Commitment to Deploy 450 GW Renewable Energy: KerryThe United States has partnered with India on climate change so as to help it meet its commitment to deploy 450 gigawatts (GW) of renewable energy, the Biden administration’s climate change envoy has told US lawmakers. “Prime Minister (Narendra) Modi has made a commitment to deploy 450 GW of renewable energy. We have created a partnership with India because of that commitment because they don’t have the finance and technology completely,” US Special Envoy on Climate Change John Kerry said. “So, we’re gonna try to help them. Bring the technology to the table, bring the finance... Read more.. Date : May 17 Source: Energy Infra Post
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China uses Uyghur forced labour to make solar panels, says reportThe global production of solar panels is using forced labour from China's Uyghur Muslims in Xinjiang province, an investigation has found. Xinjiang produces about 45% of the world's supply of the key component, polysilicon, the research by the UK's Sheffield Hallam University says. It says the material is obtained under a massive system of coercion, a claim denied by the Chinese authorities. The report urges top panel makers to source the component elsewhere. Solar panels are in huge demand because of climate change. Polysilicon is extracted from mined... Read more.. Date : May 17 Source: BBC
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BMW Group invests in innovative method for CO2-free steel productionMunich. The BMW Group is systematically implementing its sustainability goals. As announced today, the company is investing in an innovative method for CO2-free steel production developed by American startup Boston Metal, through its venture capital fund, BMW i Ventures. Over the coming years, Boston Metal plans to expand the new method for steel production on an industrial scale. The investment is part of the BMW Group’s far-reaching sustainability activities aimed at significantly reducing CO2 emissions across the supplier network. “We systematically identify the raw materials and... Read more.. Date : May 17 Source: BMW Group
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MNRE grants time extension in commissioning of renewable energy projects1. Reference is invited to this Ministry's O.M. No. 283/18/2020-GRID SOLAR dated 13.08.2020, providing for a blanket time-extension of 5 (five) months for Renewable Energy (RE) projects on account of COVID-19 and the associated lockdown. Vide subsequent clarifications of even no. dated 09.02.2021 and 30.03.2021 it was communicated that further time-extension beyond 5 (five) months can be granted by implementing agencies in exceptional cases. However, for any time-extension totalling beyond 6 (six) months, a reference shall be made to MNRE. 2. Representations have again been received in the... Read more.. Date : May 14 Source: MNRE
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Cabinet approves ₹18,100 crore PLI scheme for battery storageThe Union Cabinet on Wednesday approved the proposal of the Department of Heavy Industry for implementation of the Production Linked Incentive (PLI) Scheme 'National Programme on Advanced Chemistry Cell (ACC) Battery Storage’ for achieving the manufacturing capacity of 50 GWh of ACC and 5 GWh of "Niche" ACC with an outlay of ₹18,100 crore.ACCs are the new generation of advanced storage technologies that can store electric energy either as electrochemical or as chemical energy and convert it back to electric energy as and when required. The consumer electronics, electric vehicles, advanced... Read more.. Date : May 14 Source: Livemint
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UP discoms’ dues to state-run gencos reach staggering Rs 17,000 crThough the Centre’s liquidity infusion scheme under the Atmanirbhar Bharat package helped these discoms to bring down their dues to central public sector units (CPSUs) and independent power producers (IPPS) down from Rs 27,000 crore to Rs 5,688 crore at the end of March 2021, the dues remain staggeringly high. The power purchase cost comes to around Rs 60,000 crore per annum, against this, the revenue mopped up is approximate Rs 40,000 crore per annum. The power purchase cost comes to around Rs 60,000 crore per annum, against this, the revenue mopped up is approximate Rs 40,000 crore per... Read more.. Date : May 14 Source: Financial Express
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India likely to get third power exchange owned by PTC, BSE by year endNEW DELHI: Power regulator Central Electricity Regulatory Commission (CERC) has approved registration to PTC, BSE and ICICI Bank-led Pranurja Solution Ltd to start the country's third power exchange. Senior officials in the company said the exchange is likely to be operationalised by this year-end. The other two power exchanges are Indian Energy Exchange and Power Exchange of India Ltd. The commencement of operation of the power exchange is subject to approval of the bye-laws, rules, and business rules and the technology including trading software in accordance with various provisions of... Read more.. Date : May 14 Source: Energy World
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Citigroup forms energy transition group within investment banking - memoCitigroup Inc (C.N) has created a unit within its energy investment bank dedicated to the clean energy transition, aiming to capture more business from the shift towards a lower carbon economy, according to an internal memo seen by Reuters. The entity will be headed by Serge Tismen and Shail Mehta, and will focus on companies including those involved in hydrogen, charging infrastructure, carbon capture and sequestration and biofuels, said the memo, the contents of which were confirmed by a bank spokeswoman on Thursday. The move comes after Citigroup said in March it would consolidate three... Read more.. Date : May 14 Source: Reuters
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UK wants global deal to stop financing coal projectsLONDON (Reuters) - Britain wants to broker a global agreement to stop the cross-border financing of coal projects when it hosts a major climate conference in November, a senior government minister said on Friday. Alok Sharma, the minister in charge of preparations for the United Nations COP26 summit in Glasgow, said significant action was needed to limit global warming to 1.5 degrees Celsius above pre-industrial levels, a threshold scientists say can prevent the worst impacts of climate change. “If we are serious about 1.5 degrees, Glasgow must be the COP that consigns coal to history,”... Read more.. Date : May 14 Source: Reuters
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Spanish parliament approves clean energy billSpain's parliament approved Thursday a clean energy bill aimed at achieving carbon neutrality by 2050 in line with EU targets, while also banning the sale of fossil fuel vehicles by 2040. As part of Spain's efforts to meet its carbon emissions target, the legislation outlaws the sale of vehicles that emit carbon dioxide by 2040, and their circulation by 2050. "For the planet, for our future and for the next generations. From today, Spain has a climate law on which to build a green, sustainable, fair and prosperous future for all," Spanish Prime Minister Pedro Sanchez tweeted after the vote... Read more.. Date : May 14 Source: Barrons
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Ola launches its electric ride-hailing category in London in 'global first'Indian ride-hailing company Ola on Thursday announced that it is launching a new electric vehicle (EV) category on its platform, which will allow riders in London to specifically book rides in a fully electric vehicle. The new category called Ola EV has been described as a "global first" for Ola and will be available across the UK capital from this week and over time will be rolled out to other cities around the world where Ola is operational. The Ola EV category will cost riders the same as a comfort category on the Ola app. Since launching in the UK, Ola has consistently looked to... Read more.. Date : May 14 Source: Your Story
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Canada Launches Sustainable Finance Action Council, Aims to Enhance Climate DisclosureOTTAWA, ON, May 12, 2021 /CNW/ - Today the federal government announced the formation of the Sustainable Finance Action Council, fulfilling one of the recommendations of the Expert Panel on Sustainable Finance. Following the announcement, Don Forgeron, President and CEO, Insurance Bureau of Canada (IBC), issued the following statement: "Insurance Bureau of Canada is pleased to see the formation of the Sustainable Finance Action Council. We anticipate the Council will articulate a long-term policy framework and road map for low emissions and climate-resilient growth, and develop a capital... Read more.. Date : May 14 Source: Insurance Bureau of Canada
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