You are here
Sustainability Outlook Headlines
LNJ Bhilwara Group, Replus Engitech to set up 1-GW lithium-ion battery plant in PuneLNJ Bhilwara Group, a multi-diversified conglomerate, on Monday said it has entered into the lithium-ion battery business through its private promoter entities. It added that the group has entered into a joint venture with Replus Engitech, a Pune-based company into advanced energy storage products and solutions, to establish a 1-GW plant for lithium-ion battery modules and packs, battery management systems, energy management systems, and containerised battery energy solutions. The greenfield plant in Pune will be operational by mid-2022, with a capacity of 1 GW in Phase 1,... Read more.. Date : Jun 29 Source: Economic Times
|
US envoy Kerry says world needs a 'wartime mentality' over climateU.S. climate envoy John Kerry said on Monday the world needed to adopt a "wartime mentality" to face the challenge posed by climate change, urging development banks to scale up their green finance efforts. While countries covering 55% of global GDP came out of President Biden's recent climate summit committed to net zero emissions by 2050, much deeper action was needed between now and 2030 for the mid-century goals to have any chance of success. "We've got to get a kind of wartime mentality here," Kerry told a European Bank for Reconstruction and Development conference,... Read more.. Date : Jun 29 Source: Reuters
|
NTPC Declares its Energy Compact Goals towards SustainabilityNTPC Limited, India’s largest power generating company under Ministry of Power has become first energy company in energy domain in India to declare its Energy Compact goals as part of UN High-level Dialogue on Energy (HLDE). NTPC has set a target to install 60 GW of renewable energy capacity by 2032. India’s largest power producer is also aiming at 10% reduction in net energy intensity by 2032. NTPC is among the few organisations globally to declare its Energy Compact goals. Further, NTPC has declared that it will form at least 2 international alliances/groups to facilitate... Read more.. Date : Jun 28 Source: PIB
|
Govt extends second phase of FAME scheme for electric vehicles by 2 yearsThe government on Friday said it has extended the second phase of FAME India scheme by two years till March 31, 2024, for faster adoption of electric mobility and development of its manufacturing ecosystem in the country. The second phase of FAME (Faster Adoption and Manufacturing of Electric Vehicles) India scheme focuses on supporting electrification of public and shared transportation. A notification of the department of heavy industry said that the scheme is proposed to be implemented over a period of three years from April 1, 2019. "Now with the approval of the... Read more.. Date : Jun 28 Source: Government of India
|
Renewable energy sector in India gets USD 70 billion investment in 7 years: R K SinghShri Raj Kumar Singh, Union Minister of State (I/C) Power, New and Renewable Energy, and Minister of State, Skill Development and Entrepreneurship, Government of India said that in the last 6 years, India’s installed renewable energy capacity has increased by over two and a half times and stands at more than 141 Giga Watts (including large Hydro), which is about 37 per cent of the country’s total capacity (as on 16th June 2021). During the same period, the installed solar energy capacity has increased by over 15 times, and stands at 41.09 GW. India’s renewable energy capacity is the 4th... Read more.. Date : Jun 28 Source: PIB
|
Gujarat discoms sign pacts for 3,979 solar projects with 2,500 MW capacityGujarat's four public-owned electricity distribution companies have signed power purchase agreements (PPAs) for 3,979 small-scale distributed solar projects with aggregate capacity of 2,500 MW, the government said on Saturday. These small-scale distributed solar projects, to be commissioned within the next 18 months, will bring in an investment of over Rs 10,000 crore in the state for the development of green energy and allied sectors, it said. State energy minister Saurabh Patel said that the development is a major boost towards the state's commitment to promote renewable... Read more.. Date : Jun 28 Source: Economic Times
|
Ashok Leyland forms ESG committee to lead its sustainability agendaCommercial vehicle maker Ashok Leyland on Friday said it has formed an environmental, social and governance (ESG) committee headed by an independent director to lead its sustainability agenda. The role of this new ESG committee will be to provide appropriate oversight and guidance in the company's journey on organisation-wide ESG initiatives, priorities, and leading the practices. "This Committee will help accelerate adoption of leading ESG practices into the business and bring added focus on being sustainable and socially responsible. "The endeavor is to create... Read more.. Date : Jun 28 Source: Business Standard
|
ZDHC's second Impact Report details sustainability progress over 2020ZDHC, a Dutch multi-stakeholder initiative for fashion industry, has released its second Impact Report detailing the implementation progress and present recent developments within ZDHC and the industry at large along with the road ahead. It also calls for collaborative action and commitment to safer chemistry to supply chain partners in the report. Sharing the progress of the three ZDHC Leader Programmes; Brands to Zero, Supplier to Zero and the forthcoming leader programme for chemical suppliers, the report said: “The 2020 assessment confirms around 80 per cent of brands have... Read more.. Date : Jun 28 Source: Fibre To Fashion
|
Bangladesh scraps 10 coal-fired power plantsBangladesh announced Sunday that it has scrapped at least 10 major coal-fired power plants as it seeks to scale up its power generation from renewable energy sources. Nasrul Hamid, the state minister for power and energy, said the decision was taken in light of technological changes and as dozens of countries halt new coal-fired power projects due to their impact on the environment. "By 2041, there is a plan to generate 40 percent of power from renewable energy," the ministry of energy and power said. The minister said Dhaka would also import hydropower from Nepal and... Read more.. Date : Jun 28 Source: Economic Times
|
Telangana snags Triton EV's Rs 2100 crore investmentTelangana has snagged its largest electric vehicles (EV) investment yet with US-based electric vehicles major Triton EV all set to invest Rs 2,100 crore in setting up its EV manufacturing facility in Zaheerabad. Triton Electric Vehicle Pvt Ltd, the Indian arm of Triton, will create over 25,000 jobs and manufacture around 50,000 EVs, including semi-trucks, sedans, luxury SUVs, and rickshaws, at the facility over the first five years, Telangana IT & industries minister KT Rama Rao's office announced on Thursday. The facility will be located at the Zaheerabad NIMZ (national investment... Read more.. Date : Jun 25 Source: Times of India
|
Global $2762.29 Billion Biomass Electricity Markets, 2015-2020, 2020-2025F, 2030FThe "Biomass Electricity Global Market Report 2021: COVID-19 Impact and Recovery to 2030" report has been added to ResearchAndMarkets.com's offering. The global biomass electricity market is expected to grow from $1947.2 billion in 2020 to $2078.17 billion in 2021 at a compound annual growth rate (CAGR) of 6.7%. The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography. It places... Read more.. Date : Jun 25 Source: Global News Wire
|
RIL to invest Rs 75,000 cr in clean energy, build 4 giga factories: AmbaniFive years after disrupting the telecom space with the launch of Jio, Reliance Industries Ltd (RIL) on Thursday announced yet another game-changing move — a mega entry into green energy. The company is planning to get into solar power generation and manufacturing, hydrogen production, e-fuels, and energy storage under its “New Energy and New Materials” division. It will also set up a platform for renewable energy project finance to source long-term global capital for investment in these sectors. The three-pronged plan will cumulatively involve an investment of Rs 75,... Read more.. Date : Jun 25 Source: Business Standard
|
Open-access solar faces regulatory headwinds amid favorable PPA demandA new report by ICRA highlights private renewable power producers selling power under the open access route (third-party or group captive mode) are faced with increasing regulatory constraints. The challenges include an upward revision of open access charges, denial of open access approvals, and tightening energy banking norms. Further, as solar and wind tariffs become competitive, states have either wholly withdrawn or reduced the concessions/incentives on open access charges. Open access allows large power consumers such as those in the commercial and industrial sector to buy... Read more.. Date : Jun 25 Source: PV Magazine
|
1366 Technologies to invest US$300 million in solar manufacturing in India, seeking local partnerSolar wafer provider 1366 Technologies is actively exploring manufacturing opportunities in India, seeking a local partner. US-based 1366 Technologies, which is backed by Bill Gates’ Breakthrough Energy Venture, confirmed to PV Tech that it intends to invest US$300 million to establish a 2GW wafer and cell manufacturing facility in India, CEO and founder Frank van Mierlo has said. Reports first published in Livemint stated the successful partner will handle module manufacturing and the establishment of solar farms in India. 1366 is in talks with Indian firms but van Mierlo... Read more.. Date : Jun 25 Source: PV Tech
|
India calls for common global standards for green hydrogenIndia pitched for common international standards for green hydrogen at the BRICS Green Hydrogen Summit, to ensure safe transportation and storage of the new age emission-free fuel. India had organised the two-day summit on green hydrogen involving Brazil, Russia, India, China and South Africa, also referred to as the BRICS nations, on their initiatives around the green fuel. The summit started on 22 June and was organised by state-run NTPC Ltd. Green hydrogen gas is produced by splitting water into hydrogen and oxygen using an electrolyzer that may be powered by electricity... Read more.. Date : Jun 24 Source: Mint
|
Denmark signs framework agreement on International Solar Alliance with IndiaDenmark signed the framework agreement of the International Solar Alliance Framework Agreement (ISA FA) and Instrument of Ratification with India, informed Ministry of External Affairs (MEA) spokesperson Arindam Bagchi on Wednesday. "On 22 June, Freddy Svane, Ambassador, Royal Danish Embassy, deposited signed copies of ISA Framework Agreement and Instrument of Ratification with @MEAIndia, the depositary of Agreement. Signed copies of ISA FA were handed over to Additional Secretary (ER)," Bagchi tweeted. Meanwhile, Denmark becomes first country to ratify International Solar Alliance... Read more.. Date : Jun 24 Source: ANI News
|
Gujarat govt's incentives, FAME-II subsidy may cut electric 2-wheelers' prices by ₹30k: ICRAIncentives under the Gujarat government's electric vehicle (EV) policy, coupled with enhanced subsidy under the Centre's FAME-II scheme, will lead to a price reduction of electric two-wheelers by around ₹30,000 in the state, according to ratings agency ICRA. With the state government also offering incentives for electric four-wheelers at ₹10,000 per kilowatt-hour (kWh), the ratings agency said there is a possible price reduction of ₹1.5 lakh to ₹3 lakh for electric cars in Gujarat. The Gujarat State Electric Vehicle Policy, 2021, which will commence from July 1, 2021, for a... Read more.. Date : Jun 24 Source: Mint
|
U.S. bans imports of solar panel material from Chinese companyThe Biden administration on Wednesday ordered a ban on U.S. imports of a key solar panel material from Chinese-based Hoshine Silicon Industry Co (603260.SS) over forced labor allegations, two sources briefed on the matter said. The U.S. Commerce Department separately restricted exports to Hoshine, three other Chinese companies and the paramilitary Xinjiang Production and Construction Corps (XPCC), saying they were involved with the forced labor of Uyghurs and other Muslim minority groups in Xinjiang. The three other companies added to the U.S. economic blacklist include... Read more.. Date : Jun 24 Source: Reuters
|
Gujarat announces EV policy - charges up manufacturers, sparks customer interestThe Gujarat government's new electric vehicles policy has fuelled optimism among EV makers and sellers in the state. The Gujarat Electric Vehicle Policy 2021 provides for subsidy of up to Rs 20,000 on EVs in the two-wheeler category, Rs 50,000 for three-wheelers, and up to Rs 1.5 lakh for cars. Also, the State government has exempted e-vehicles registered in Gujarat RTOs from paying registration fee. According to the state government's calculations, Gujarat's subsidy for EVs stands at Rs 10,000 per kilowatt, the highest for any State. Also, capital incentive of up to Rs 10 lakh or... Read more.. Date : Jun 23 Source: The Hindu
|
A ‘bio-refinery’: using the chemistry of willow trees to treat Canada’s municipal wastewaterEvery year in Canada, six trillion litres of municipal wastewater are partially treated and released into the environment, while another 150 billion litres of untreated sewage are discharged straight into pristine surface waters. Now researchers have found a way to stem that flow: by filtering the waste through the roots of willow trees. Experimenting with a plantation in Quebec, the scientists estimate that over 30 million litres of primary wastewater per hectare can be treated using ‘bio-refinery’ annually. Their results were published June 14 in the journal Science of the... Read more.. Date : Jun 23 Source: University of Montreal
|
World Bank Group Increases Support for Climate Action in Developing Countries.The World Bank Group today announced its new Climate Change Action Plan that aims to deliver record levels of climate finance to developing countries, reduce emissions, strengthen adaptation, and align financial flows with the goals of the Paris Agreement. The Action Plan for 2021-25 broadens World Bank Group efforts from investing in “green” projects to helping countries fully integrate their climate and development goals. The Plan also comes as countries seek sustainable pathways out of the disruption caused by the COVID-19 pandemic. “Our new Action Plan will identify and... Read more.. Date : Jun 23 Source: World Bank
|
Swiss Government renews GRI partnership to spread sustainability reporting globallyGRI is pleased to announce the continuation of a successful partnership with the Swiss Confederation’s State Secretariat for Economic Affairs (SECO), through a new €3.8 million (US$4.6m) program to increase high-quality sustainability disclosure and accountability by organizations in Africa, Hispanic America and South East Asia. The key aims of the four-year Sustainability Reporting for Responsible Business (SRRB) program are to enhance the capacity of companies for reporting; create and improve the environment for transparency and disclosure; and increase the application of... Read more.. Date : Jun 23 Source: GRI
|
Draft rules on green tariff, open access in 15 days: R K SinghIndia will issue draft guidelines in a fortnight to enable power distribution companies to offer renewable energy to large consumers at a separate green tariff, a weighted average of the utilities’ cost of procurement of green energy, power and renewable energy minister R K Singh said on Tuesday. ET was the first to report on May 19 that India proposes to offer renewable energy through state power distribution companies to consumers at a separate 'green tariff,' while also allowing customers to directly buy renewable energy from developers by exempting additional surcharge. “... Read more.. Date : Jun 23 Source: Economic Times
|
Green hydrogen purchase to be made mandatoryGreen hydrogen would be brought under renewable purchase obligation (RPO), Power and New & Renewable Energy Minister R K Singh said on Tuesday. Under RPO, bulk purchasers like discoms, open access consumers and captive users are required to buy a certain proportion of renewable energy out of their total consumption of electricity. They can also buy RE certificates from renewable energy producers to meet the RPO norms. Interacting with media in a virtual curtain raiser press conference on 'India's role as a Global Champion for the Energy Transition theme at the UN High... Read more.. Date : Jun 23 Source: Economic Times
|
Govt to roll out pumped hydro storage policy soon: R K SinghThe government will soon announce a pumped hydro storage policy for which 63 projects with 96 gigawatt (GW) capacity have already been identified, said power and renewable energy minister R K Singh on Tuesday. “We already have about 5,000 megawatt (MW) of installed capacity and 1,500 MW capacity under installation for pumped hydro. We have identified 63 projects with a potential capacity of 96 GW… the policy will encourage pumped storage,” said Singh at a virtual press conference. He said that the power ministry has been working on the policy and a paper on it will be given... Read more.. Date : Jun 23 Source: Economic Times
|