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Sustainability Outlook Headlines
Govt should postpone basic customs duty on solar by 18 months: Industry associationNew Delhi: A solar industry association on Friday said that the government should postpone the imposition of basic customs duty (BCD) by 18 months to avoid financial burden on already bid out projects of 50 GW capacity. Solar power developers association (SPDA), an independent body, said that the government must reconsider its decision of imposing BCD on cells and modules, as it would damage the sector’s prospects at this stage. “Imposing two duties simultaneously on one product is not only unfair but also counterproductive to achieving the target of 100 GW of solar power by 2022... The... Read more.. Date : Aug 31 Source: ET Energy World
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No power tariff hike in Delhi for 2020-21: Delhi Electricity Regulatory CommissionNew Delhi: The Delhi Electricity Regulatory Commission (DERC) on Friday announced it will not hike power tariffs in the city for 2020-21 in view of the coronavirus pandemic. The power regulator also waived 20 per cent surcharge under time of day (ToD) tariff for September to facilitate non-domestic, industrial, public utilities and domestic consumers due to the prevailing COVID-19 situation, the DERC said in a statement. "The need and demands of power discoms have also been considered as far as possible," its chairman Justice(retired) S S Chauhan said. To promote pollution-free... Read more.. Date : Aug 31 Source: ET Energy World
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Centre urged to hold back funds to AP discoms until dues clearedThe Confederation of Indian Industry (CII) has urged the central government to not release more funds to Andhra Pradesh from the Rs 90,000 crore discom liquidity package until its existing dues are cleared. "CII requests the ministry to hold back any further disbursement under the discoms liquidity package to the AP Discoms till the amount withheld by AP Discoms on account of above-mentioned reasons is paid in full to RE generators," the industry body said in its letter to union power and renewable energy minister RK Singh. In May, the government had announced a Rs 90,000-crore stimulus... Read more.. Date : Aug 28 Source: ET Energy World
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FinMin, UNDP launch Sustainable Finance Collaborative to promote sustainable financeNew Delhi: The Department of Economic Affairs, Ministry of Finance, Government of India, and United Nations Development Programme (UNDP) India launched the Sustainable Finance Collaborative (SFC) on Wednesday (August 26). The objective behind the collaboration is to work together to boost the country’s efforts on mobilizing sustainable and green finance. Before COVID, it was estimated that India needs over USD 2.6 trillion to meet the SDG targets by 2030. But public spending cannot bridge this gap alone. Mobilizing such a huge capital will require the collective efforts of both the public... Read more.. Date : Aug 28 Source: ET Now News
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Gujarat opens tender for 110 MW of grid-connected solar plantsGujarat State Electricity Corporation Limited (GSECL) has invited bids to set up an aggregate 110 MW of grid-connected solar power plants—in sizes ranging from 10 MW to 55 MW—at various substations of Getco in the State of Gujarat. The project sites with respective power evacuation feasibility and land availability are Sanesh in Bhavnagar district (55 MW, 100 hectare), Pachchham in Ahmedabad (40 MW, 92 ha), and Nikava in Jamnagar (15 MW, 25 ha). The commissioning period is 15 months for the Sanesh plant (55 MW), 12 months for the Pachchham plant (40 MW), and 10 months for the Nikava plant... Read more.. Date : Aug 28 Source: PV Magazine
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No new thermal power units in state, says RautNagpur: Energy minister Nitin Raut has announced that no more thermal power generation units would be set up in the state as there is a huge gap between supply and demand due to the coronavirus pandemic-induced recession. Maharashtra State Electricity Distribution Company Limited (MSEDCL) has signed power purchase agreements (PPAs) for 35,000MW, but is purchasing only 14,500MW due to low demand. Maharashtra Electricity Regulatory Commission (MERC) has set a target for MSEDCL of meeting 25% of its demand from renewable sources in next five years. Hence, the government has decided to promote... Read more.. Date : Aug 28 Source: Times of India
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SECI Releases ₹520 Crores To developers in JulyAt a time when the stress due to overdues from discoms, besides multiple other factors has got the industry on edge, SECI (Solar Energy Corporation Of India) has released a statement that claims ₹520 crores have been released to developers for payments against wind and solar energy generation. This represents about 75 percent of the total payments made to developers in the month by SECI. The other payments comprise of subsidy and VGF linked funding. Readers might be aware that SECI, which typically signs the PPA with developers, along with back to back PSA with the buying discom in most... Read more.. Date : Aug 28 Source: Saur Energy
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Six clean-energy based livelihood solutions receive capital, technical supportPowering Livelihoods, an initiative of the Council on Energy, Environment and Water (CEEW), and Villgro Innovations Foundation has offered capital and technical support to six Indian enterprises that are working on clean energy-based livelihood solutions. support quality journalism The solar powered livelihood solutions include water pumps, multi-purpose food processors, commercial refrigerators, and textile machinery (reeling, spinning and weaving) and fodder growing stations. The enterprises identified for support are Resham Sutra, Greenwear Fashion, Dharambir Food Processing, Khethworks... Read more.. Date : Aug 28 Source: Business Line
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Portugal's solar energy auction breaks record for low power prices, againLISBON, Aug 26 (Reuters) - Portugal’s latest auction of contracts to build and operate new solar energy capacity set a world record for the lowest price of future output, the Environment Minister Joao Pedro Matos Fernandes said on Wednesday. One of the winning bids was for output costing as little as 11.14 euros per megawatt hour (Mwh). That compares with a then-record minimum price per Mwh of 14.6 euros in Portugal’s first mega auction of 1,150 MW of solar energy capacity in June last year. Based on the locations where solar plants will be installed, auctions were held where the winners... Read more.. Date : Aug 28 Source: Reuters
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750 MW of Solar Projects in Andhra Pradesh Face Serious DelaysThe latest report by the Central Electricity Authority (CEA) claims that three projects with a total capacity of 750 MW in Andhra Pradesh are delayed due to multiple reasons. SB Energy, Sprng Soura Kiran Vidyut, and Ayana Renewable Power had won the tender auction to set up grid-connected solar power generation projects of 250 MW each, at the Kadapa Solar Park in Andhra Pradesh, by June 20, 2020. Mercom had earlier reported that SB Energy Seven, Sprng Soura Kiran Vidyut, won the project at a tariff of ₹2.70 (~$0.039)/kWh while Ayana Renewable Power secured it at ₹2.71 (~$0.0394)/kWh. These... Read more.. Date : Aug 28 Source: Mercom India
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Wind Power Giant Sees Profits Shrink As Competition Heats UpGerman-Spanish wind turbine maker Siemens Gamesa is confident it will increase its profit margins in the mid to long term, but its short-term results disappointed the markets on Thursday. The renewable energy company which has gained traction on stock markets as a popular ESG investment projects an operating margin of 3-5% in the financial year ending September 2021 and 8-10% in the financial year 2023 according to Reuters. Current operating margins are far from these levels. The company reported a negative 6.7% margin for the third quarter of the financial year. Siemens Gamesa shares... Read more.. Date : Aug 28 Source: Oil Price
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California approves largest ever utility program to expand EV chargingCalifornia on Thursday approved a $437 million effort to build thousands of electric vehicle chargers, its utility regulator said, calling it the nation's largest ever utility program to expand charging infrastructure. The money will go to utility Southern California Edison to fund the installation of nearly 40,000 chargers, the California Public Utilities Commission said in a statement. The program will help the state achieve its goal of putting 5 million zero-emissions vehicles on the road by 2030, the CPUC said. Half of the investment must take place in low-income communities, and 30... Read more.. Date : Aug 28 Source: ET Energy World
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Telangana: EV industry needs more incentivesHYDERABAD: The state government will have to dole out more incentives if it intends to attract more investments in the electric vehicle space. Speaking at the CII 'Make in Telangana' session on ‘Accelerating EV manufacturing in India: Future of Electric Mobility’, Naga Satyam N, executive director, Olectra Greentech Ltd, said the state government giving 20 per cent capital subsidy with a cap of Rs 30 crore is inadequate to capture large-scale manufacturing in the state. He also said with EV manufacturers coming in the state, many ancillary units too will be set up and the government must... Read more.. Date : Aug 28 Source: ET Energy World
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Plan to use surplus land of railways to generate 20 GW of renewable energy: Piyush GoyalIndian Railways plans to use its surplus land to generate 20 GW of renewable energy from 'Made in India' solar or wind equipment to power its network, Commerce, Industry and Railways Minister Piyush Goyal said on Wednesday. He said Indian Railways will be a 100 per cent electricity-driven rail network in coming years which would make it the largest such network in the world. "We plan to use a lot of our surplus land and land along the tracks to generate 20 GW (gigawatts)...'Made in India' solar or wind equipment being used to give us 20 GW production capacity of renewable energy and enough... Read more.. Date : Aug 27 Source: ET Energy World
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Andhra Pradesh loses interest in solar park, developers may take legal routeAs much as 75% of the 1,000-megawatt (MW) Kadapa solar park in Andhra Pradesh — designed as a joint venture between the Centre and the state government — is unlikely to materialise, as the state has developed cold feet and has’t not taken any action for work on the ground, for months on end. The state government’s U-turn is after taking parts of the bid amounts from the three developers, who are supported by foreign funds. The developers may take the legal route to resolve the tangle, according to sources in the know. Part capacity of the project -— 250 MW — was commissioned in February.... Read more.. Date : Aug 27 Source: Financial Express
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Solar power developers body, NSEFI, asks Telangana for entry tax exemptionThe National Solar Energy Federation of India (NSEFI) has requested the Telangana Government to exempt solar power developers from payment of Entry Tax for the capital goods imported into the State for setting up solar power projects.. The NSEFI called upon the State Government to “Direct the concerned to exempt developers from payment of Entry Tax for the capital goods, imported into Telangana and which were used for setting up of the solar power projects by the developers.” The levy of Entry Tax is around 12.5 per cent on the capital goods coming from other States and the imports are... Read more.. Date : Aug 27 Source: Energy Infra Post
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Electric cars to account for 79 per cent of lithium demand by 2030: ChileSANTIAGO: The electric car industry will dominate demand for lithium over the next ten years, Chilean state mining agency Cochilco said on Wednesday, accounting for more than three quarters of the ultralight battery metal's consumption by 2030, up from one third in 2019. Cochilco said demand for lithium for electric vehicles had been muted this year because of the coronavirus pandemic, expected at around 75,000 tonnes, but would surge to 1.4 million tonnes by 2030. Meanwhile, demand not associated with electromobility but with cell phones and other consumer goods would reach 377,000 tonnes... Read more.. Date : Aug 27 Source: ET Energy World
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Need to develop viable, fast electric cooking systems to replace imported gas: GoyalNew Delhi: Commerce and industry minister Piyush Goyal on Wednesday said India needs to find viable and fast electric cooking systems so that it can replace cooking gas which is an imported product. “We need to develop a viable electric cooking system which does fast cooking. So far we have induction cooking which takes long. Can we have fast cooking mechanisms to replace cooking gas because that is an imported product?,” Goyal said at a virtual event organised by the Council on Energy, Environment and Water. This, he said, will give a leg up to the country’s Atmanirbhar Bharat mission and... Read more.. Date : Aug 27 Source: Economic Times
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ReNew Power, UNEP ink pact for better clean energy access, higher efficiencyNEW DELHI: Clean energy firm ReNew Power and the UN Environment Programme (UNEP) have signed a partnership agreement to promote increased access to renewable energy and improved energy efficiency. ReNew Power will partner with UNEP's District Energy in Cities Initiative as an implementation partner for renewable energy installations across India with the aim of shifting the heating and cooling sector to an energy efficient one, a company statement said. The partnership will also implement solar off-grid projects, studies, and assessments. Joint efforts will be promoted through annual... Read more.. Date : Aug 26 Source: The Economic Times
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2020 Clean Energy Council award winners announcedThe awards have recognised Allume Energy, Tilt Renewables and Future Energy Skills and Ellis Jones for excellence in innovation, community engagement, and marketing and communication. Today’s announcement shines the spotlight on these leaders of the Australian renewable energy industry and rewards the organisations’ contribution to furthering the development of clean energy in Australia. In addition, Giles Parkinson, founder and editor of RenewEconomy, has been recognised with the Outstanding Contribution to Industry Award for his passion and dedication to a well informed and truthful... Read more.. Date : Aug 26 Source: PV Magazine
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India plans deep cut in thermal coal imports in coming years: Coal Ministry officialNEW DELHI: India plans to significantly reduce its thermal coal imports in "the next few years" to save foreign exchange and create jobs through the development of existing and new coal blocks, a senior official in the federal coal ministry said on Tuesday. Coal is among the top five commodities imported by India, the world's largest consumer, importer and producer of the fuel after China. India spent 1.58 trillion rupees ($21.28 billion) on importing 247 million tonnes of coal, including 197 million tonnes of thermal grade, in the fiscal year to March 2020, M. Nagaraju, a joint secretary... Read more.. Date : Aug 26 Source: ET Energy World
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Gurugram firm signs MoU with UNEP to promote access to renewable energyNEW DELHI: Gurugram-based ReNew Power and the United Nations Environment Programme (UNEP) have signed an agreement to promote increased access to renewable energy and improved energy efficiency. “The pact focuses on enhancing access to renewable energy and improving energy efficiency as part of the progressive strategies that India has adopted to realize its Nationally Determined Contributions (NDC) under the Paris Agreement,” a statement from the UNEP said. ReNew Power will partner with UNEP’s ‘district energy in cities’ initiative as an implementation partner for renewable energy... Read more.. Date : Aug 26 Source: Indian Express
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Greenko and NTPC to partner for supplying on-demand green energyNew Delhi: In what may help bring down the electricity price for consumers and provide on-demand power from wind and solar projects, Hyderabad-based Greenko Energies Pvt Ltd plans to partner with state run NTPC Ltd to develop ‘round-the-clock’ power supply. This assumes significance given that solar and wind are infirm sources of energy, with storage holding the key to providing on-demand electricity from wind and solar projects. Till now, electricity distribution companies (discoms) had the option to procure power either from clean energy projects or coal and gas fuelled projects, with... Read more.. Date : Aug 26 Source: Live Mint
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TERI proposes Rs 40-lakh crore Green Stimulus to revive growth, jobsThe Energy and Resources Institute (TERI) has proposed to revive the Indian economy by exploiting potential of around Rs 40 lakh crore in clean energy projects over the next 10 year through government policy interventions but with minimum public spending. TERI has released a discussion paper on ‘A Fiscally Responsible Green Stimulus’ to revive the Indian economy by creating demand and jobs with policy and regulatory interventions using minimal government spending, a TERI statement said. The Green Stimulus proposed by the TERI is about Rs 40 lakh crore (or USD 540 billion), spread over this... Read more.. Date : Aug 26 Source: Financial Express
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India adds 351 MW of solar power generation capacity in Q2 2020: ReportNew Delhi: India added just 351 megawatt (MW) of solar power generation capacity in the second quarter (Q2) of 2020 taking the total installed capacity to 38,377 MW by 30 June 2020, according to a latest report. It added that project construction was expected to pick up pace over the coming quarters. “We expect 4,720 MW to be commissioned in the second half of 2020, bringing total commissioned capacity to 5,620 MW for the year. This is the lowest capacity addition over the past three years. Lower equipment prices and lifting of lockdown related restrictions should help developers bounce... Read more.. Date : Aug 26 Source: ET Energy World
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