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Hero Electric partners with Autovert Tech for subscription-based financing plans

Hero Electric on Thursday said it has partnered with fintech start-up Autovert Technologies for subscription-based financing plans for its electric two-wheelers.

... Read more..
Date : Jul 31
Source: Live Mint

Maharashtra: Raut says power tariff cut will benefit 93 per cent consumers

Energy minister Nitin Raut has promised to reduce power tariff soon. “This will benefit 93% consumers. A proposal in this regard will be submitted to the cabinet. After that, MSEDCL will submit a petition in Maharashtra Electricity Regulatory Commission (MERC),” the minister told the media.

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Date : Jul 31
Source: The Economic Times

India reserves 110 power plant equipment, services for local companies

India will bar non-local suppliers in bidding for contracts for supply of about 110 goods and services to power plants. The non-local suppliers are manufacturers with less than 20% local content. These tenders, in respect of which there is sufficient local capacity, will be open... Read more..

Date : Jul 31
Source: The Economic Times

Union Minister of Jal Shakti Shri Gajendra Singh Shekhawat holds discussion with Chief Minister of Kerala through VC

Union Minister of Jal Shakti, Shri Gajendra Singh Shekhawat held discussion with Chief Minister of Kerala, Shri Pinarayi Vijayan regarding implementation of Jal Jeevan Mission in the State through video conferencing today. The flagship programme aims to provide household tap connections in rural areas of the country with focus on improving the lives of people. Potable water in adequate quantity and of prescribed quality to be provided to every rural household on regular and long-term basis, for which the Jal... Read more..

Date : Jul 31
Source: Press Information Bureau

BRICS one of the most valuable and working partnership: Shri Prakash Javadeker

The Environment Ministers of the five BRICS countries (Brazil, Russia, India, China & South Africa) participated in the 6th BRICS Environment Ministers’ Meeting on 30 July 2020 via videoconference under the presidency of Russia. 

Representing India, Union Environment Minister, Shri Prakash Javadekar, said that India attaches great importance to the grouping. The Environment Minister said that the... Read more..

Date : Jul 31
Source: Press Information Bureau

Atal Innovation Mission launches 'AIM-iCREST', in partnership with Bill & Melinda Gates Foundation and Wadhwani Foundation

In a major initiative to encourage and enable holistic progress in the incubator ecosystem across the country, NITI Aayog’s Atal Innovation Mission (AIM), has launched AIM iCREST – an Incubator Capabilities enhancement program for a Robust Ecosystem focused on creating high performing Startups. This is a first of its kind initiative for advancing innovation at scale in India. 

AIM has joined hands with Bill... Read more..

Date : Jul 31
Source: Press Information Bureau

Citi targets $250bn environmental financing by 2025, as Moody's unveils science-based targets

Citi’s so-called ‘environmental finance’ goal forms part of a new five-year sustainable progress strategy, which it claims will make it “the world’s leading bank in driving the transition to a low-carbon economy” in a socially just manner.

It commits Citi to providing $250bn in loans and grants to activities in renewable energy, clean technology, nature conservation, green buildings, energy efficiency and... Read more..

Date : Jul 31
Source: Edie

Japan wind power group aims for 10 GW offshore wind capacity by 2030

The Japan Wind Power Association said on Thursday it aims to expand the country’s offshore wind power installed capacity to 10 gigawatts(GW) in 2030 and 30-45 GW in 2040.

Offshore wind power currently provides only a tiny fraction of Japan’s electricity supply but is set to grow after a law, the Offshore Wind Promotion Act, came into force last year to spur development.

... Read more..

Date : Jul 31
Source: Reuters

Primark launches new UK in-store recycling scheme

Primark has rolled out nation-wide recycling programme inviting customers to donate their pre-loved clothes, textiles, footwear and bags from any brand to be ‘re-loved’ via its In-Store Recycling Scheme. Collection boxes will be available in its 190 stores across UK and all donated items will be reused, recycled or repurposed with nothing going to landfill.

... Read more..

Date : Jul 31
Source: Fibre2Fashion

Sembcorp completes 800MW of SECI wind power projects

Sembcorp Energy India Limited (SEIL), a wholly-owned subsidiary of Singapore-based Sembcorp Industries, announced the completion of its 800MW wind power projects awarded by the Solar Energy Corporation of India (SECI). With this, the private sector power generator's renewable... Read more..

Date : Jul 30
Source: Live Mint

24X7 power from renewable under new bundled scheme likely

Renewable power producers will now be able to ensure round-the-clock supply to discoms and other consumers as the government has finalised new guidelines that will allow them to bundle their green power with thermal capacities.

The bundled power package will... Read more..

Date : Jul 30
Source: The Economic Times

India may miss renewable energy capacity of 175 GW target by over 50 GW: ICRA

Even without Covid-19, India would have missed its intended renewable energy capacity of 175 GW target by over 50 GW, predicts industry body ICRA.

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Date : Jul 30
Source: The Economic Times

Working with India to make clean power accessible, says U.K. Minister

The Green Growth Equity Fund is focusing on upgrading infrastructure for cleaner energy, Lord Ahmad said

The United Kingdom, which holds the Presidency of the next UN Climate Change Conference, COP26, planned for next year, is committed to building resilience to climate change among communities and working with India on clean energy, Lord Ahmad, U.K.... Read more..

Date : Jul 30
Source: The Hindu

Recycling crucial in current scenario, say experts at climate change conference in Hyderabad

India is facing a huge waste management challenge, especially plastic waste, said experts at climate change conference hosted by the British Deputy High Commission Hyderabad. They said recycling is a crucial requirement in the current scenario.

Shoko Noda, resident representative, United Nation... Read more..

Date : Jul 30
Source: Times of India

Namami Gange project provides boost to local economy; included in the prestigious ‘Prime Minister’s Awards for Excellence in Public Administration 2020’

This year the Namami Gange project has been included in the prestigious ‘Prime Minister’s Awards for Excellence in Public Administration 2020’. Interacting with the District Magistrates (DMs) of Uttar Pradesh and senior officials associated with the District Ganga Committees through video conferencing, Shri Rajiv Ranjan Mishra, Director General, National Mission for Clean Ganga (NMCG) asked them to submit their nominations for this year's Prime Minister's Awards for Excellence in Public Administration. "There... Read more..

Date : Jul 30
Source: Press Information Bureau

PFC signs agreement with IIT- Kanpur for Training, Research, and Entrepreneurship Development in Smart Grid Technology

Power Finance Corporation (PFC), a PSU under Ministry of Power and country’s leading NBFC, signed a MoA with Indian Institute of Technology- Kanpur (IIT-K) for Training, Research, and Entrepreneurship Development in Smart Grid Technology. Under the MoA, PFC will provide financial assistance of Rs. 2,38,97,000/- (Rupees Two Crore Thirty Eight Lakhs and Ninety Seven Thousand only) to IIT-K under its CSR initiative.

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Date : Jul 30
Source: Press Information Bureau

SABIC chemical plant to become world's first-of-its-kind to operate on 100 per cent renewable power

SABIC's polycarbonate facility in Spain is set to become the world's first large scale chemical production plant which will run entirely on renewable power after a major agreement was signed with Iberdrola, an electricity utility company.

The plant is expected... Read more..

Date : Jul 30
Source: The Economic Times

Draft regulations to make solar costlier for open access consumers in Rajasthan

Rajasthan has sought to impose charges on open market purchase of renewable energy by large consumers, raising tariffs by at least half-a-rupee. With the draft regulations released on Tuesday, the state has joined Maharashtra, Andhra Pradesh, Karnataka and Telangana, which are restricting large consumers from buying power from the open market to protect their power distribution companies.... Read more..

Date : Jul 29
Source: The Economic Times

Renewable Energy Certificate Sales down 50% to 3.49 Lakh in June

Sales of renewable energy certificates dipped 50 per cent to 3.49 lakh units in June compared to 6.98 lakh in the same month a year ago, according to official data. Renewable energy certificate (REC) is a type of market-based instrument. One REC is created when one megawatt hour of electricity is generated from an eligible renewable energy source.

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Date : Jul 29
Source: India Daily Mail

Zoomcar partners with ETO Motors to boost shared EV mobility

Zoomcar, a personal mobility platform, has signed an agreement with Hyderabad-based ETO Motors, an electric mobility solutions and services company, to provide an array of platform services for ETO’s electric and shared three-wheeler business.

As part of this agreement, Zoomcar will provide access to its proprietary tech platform. In the partnership, ETO Motors will own and operate electric three-wheelers... Read more..

Date : Jul 29
Source: The Hindu

EVI Technologies, RevFin tie up for EV financing

Electric vehicle charging infrastructure firm EVI Technologies on Monday said it has partnered with digital lending startup RevFin and electric three-wheeler makers Saarthi and Mayuri, to provide funding for EVs and swappable battery solutions.

Under the partnership, RevFin will finance e-rickshaw and e-two wheelers along with swappable battery solutions provided by EVI Technologies. The initiative will... Read more..

Date : Jul 29
Source: Outlook India

Centre gives nod for 178 EV charging stations in Telangana

 

Bringing in the much-needed Electric Vehicle (EV) charging infrastructure to the State, the Union Ministry of Heavy Industries and Public Enterprises has finally approved 178 Electric Vehicle (EV) charging stations for Telangana. The approval came under two phases of the Faster Adoption and Manufacturing of Hybrid & Electric Vehicles (FAME-India) Scheme aimed at giving a big push to electric vehicles in public transport.

... Read more..

Date : Jul 29
Source: Telangana Today

Power ministry floats Cabinet note to relax discoms’ borrowing limit

With some state electricity distribution companies (discoms) unable to avail India’s ₹1.25 trillion reform-linked loan package for clearing outstanding dues, the union power ministry has moved a cabinet note for increasing their borrowing limits, said two people aware of the development.

With some fund-starved discoms neither having the headroom for borrowing more working capital, nor the requisite state... Read more..

Date : Jul 29
Source: Live Mint

Portugal selects multi-billion post-coronavirus hydrogen projects

Portugal's government has selected more than 30 multi-billion euro hydrogen projects interested in building production units of so-called "green" energy in the country after the coronavirus pandemic.

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Date : Jul 29
Source: The Economic Times

UK Space Agency launches new climate change project

The first £10m will be used to support projects focusing on earth observation technologies.

Currently, half of the measurements needed to monitor climate change rely on satellites. The funding will be used to help develop more advanced instruments and data analysis techniques to support climate science and to help inform strategies that can reduce emissions and protect local areas from climate impacts such... Read more..

Date : Jul 29
Source: Environment Journal
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