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Sustainability Outlook Headlines
State guarantee for procurement of solar power from Rewa Ultra Mega Solar Project by the state DISCOMs was signedThe State guarantee for procurement of solar power from Rewa Ultra Mega Solar Project by the state DISCOMs was signed on Monday. The Guarantee is a unique initiative by the state Government of Madhya Pradesh for Payment Security Mechanism, which had a great role to play in the phenomenally low tariff achieved by the Rewa Project. ... Read more.. |
Indian Energy Exchange IPO subscribed 15% on Day 1The initial public offer (IPO) of Indian Energy Exchange was subscribed 15 per cent on the first day of bidding today. The IPO to raise Rs 1,001 crore received bids for 6,53,022 shares as against the total issue size of 60,65,009 shares, data available with the NSE showed. The portion meant for qualified... Read more.. |
Wartsila set to tap India’s solar power potentialThe 5-billion euro Finnish energy systems provider, Wartsila, is looking to develop India as its biggest Asian market for battery storage solutions, given the huge potential from the country's solar power play, a top global executive told ET. India's solar-power capacity has grown exponentially to around 14 gigawatts (GW) and the government has set an ambitious target of 100 GW by 2020, but storage has been... Read more.. |
Status of energy sector in India highly uneven; scope for reform: PM Narendra ModiPrime Minister Narendra Modi said today that the status of the energy sector in India was highly uneven and the scope for reform in many areas still exists. At an interaction here with oil and gas CEOs and experts from across the world, he welcomed the suggestion made for a comprehensive energy policy, according to a PMO press release. ... Read more.. |
Light-filtering paint cools your home when exposed to hot sunThe sun itself could soon become a low-cost air conditioner. A high-tech paint that actually cools when exposed to sunlight can provide a better way to chill buildings – and perhaps even solve the long-standing problem of cooling things in space. In hot weather, electricity consumption soars as people turn on the air conditioning, pushing the grid to its limits and raising energy bills. Now Yaron Shenhav and... Read more.. |
US firm challenges Tamil Nadu wind energy auction in High CourtA US-based renewable energy company has moved the Madras High Court challenging the recent wind auction held by Tamil Nadu government, claiming that its bid was unfairly rejected even though it had quoted a tariff lower than the winning bid. The Tamil Nadu Generation and Distribution Co (Tangedco) held a 500 MW wind auction in end-August where the winning price was Rs 3.42 per kWh. Evergreen Renewables, a... Read more.. |
Shell India launches accelerator programme for energy startups in the clean-tech, mobility and energy efficiency solutions segmentsOil and energy major Royal Dutch Shell Plc’s Indian arm has launched the maiden edition of its pan-India accelerator programme for energy startups, a company statement said. |
L&T wins government order to supply 2.5 million smart metersInfrastructure major Larsen & Toubro (L&T) has won half of the government's order to supply 5 million smart metres for its energy efficiency programme, according to a top executive of Energy Efficiency Services Limited (EESL), the company that conducted the tender. The smart metres are being procured as part of the government’s smart grid project, which is aimed at improving power distribution... Read more.. |
European Investment Bank signs partnership pact with Solar AllianceThe European Investment Bank today inked a partnership agreement with International Solar Alliance for an 800 million euro financial aid to support India's clean energy project. The partnership between the two bodies will mobilise finance to develop affordable solar energy in countries that get ample sunlight. ... Read more.. |
Essel Infra commissions 55 Megawatt solar projects in UP, KarnatakaEssel Infraprojects Ltd (EIL) today said it has commissioned 55 MW capacity solar projects in Uttar Pradesh and Karnataka. The company is already managing 165 MW capacity solar projects in the country, a company statement said. It also said as part of its commitment towards generating green energy, Essel... Read more.. |
Rural Electrification Corp agrees to reduce interest rate on loan to Andhra by 2 per centRural Electrification Corporation (REC) of India has agreed to reduce the interest rate on loans to be given to Andhra Pradesh by 2 per cent. The chief secretary of the state thanked the REC for the help that would benefit exchequer up to the extent of Rs. 200 crore per annum. REC Chairman and Managing Director Dr... Read more.. |
Adani Enterprises to demerge renewable energy business to simplify structure Adani Enterprises announced plans to demerge its renewable energy business into associate company Adani Green Energy Ltd as part of simplifying overall business structure. Post demerger scheme, which has been approved by the boards of the two companies, Adani Green Energy Ltd (AGEL) would be listed on the exchanges. ... Read more.. |
India needs large lithium-ion battery plants for EVs push: Niti AayogIndia is required to set up large lithium-ion batteries (LiBs) manufacturing plants to become a global player in electric vehicles (EVs) technology market, Niti Aayog member V K Saraswat has said. As the government is looking to give a major push to use of EVs, Saraswat said the main challenge would be in reducing the cost of lithium-ion battery used in such vehicles. ... Read more.. Date : Oct 9 Source: ET Energyworld
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EU split on carbon market reform ahead of U.N. climate change talksSplits among European Union policymakers over carbon market reforms could foil attempts next week to reach a deal ahead of United Nations climate talks in November, EU sources said. Negotiators for EU nations and the European Parliament meet on Oct. 12 after months of talks to try to finalise a legal text on reforms to the EU Emissions Trading System (ETS) post-2020. ... Read more.. Date : Oct 9 Source: ET Energyworld
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MNRE asks Tamil Nadu to prevent curtailment of solar powerThe ministry of new and renewable energy (MNRE) has written to the Tamil Nadu government, urging it to prevent arbitrary curtailment, or backdowns, of solar power in the state. In a letter dated September 18, Dilip Nigam, advisor-National Solar Mission, MNRE, urged Vikram Kapur, principal secretary in the Tamil Nadu government, to “instruct the concerned officials at the Tamil Nadu Generation and... Read more.. |
Wind power tariff falls to new low of Rs 2.64 per unit; Renew, Inox, Adani among winning firmsNew Delhi: Wind energytariffs quoted by bidders in India fell to a new low of Rs 2.64 per unit in the latest and second round of auction for 1,000 Megawatt capacity projects conducted by the government. Five firms were selected as winners including Renew Power, Inox Wind, Green Infra, Adani Green and Orange Sironj. “The wind tariff in India touched lowest level of Rs 2.64 per kWh in the second wind auction... Read more.. |
Gujarat to get two more solar parksThe solar power park will be developed in three phases at a cost of Rs 259 crore and attract investment of Rs 2,800 crore: Chiman Sapariya
Gujarat will soon be home to two more solar power parks. The state government, on Thursday, commenced work on a 700 MW Ultra Mega... Read more.. Date : Oct 6 Source: DNA India
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SECI tenders for EPC on 200MW of solar PV for Coal India under DCRSolar Energy Corporation of India (SECI) has issued a tender for EPC services on two 100MW(AC)solar PV projects for state-owned mining corporate Coal India Limited (CIL) in Madhya Pradesh. The projects will be located at the Neemuch-Mandsaur Solar Park and will require content to be sourced locally, as under the Domestic Content Requirement (DRC). ... Read more.. |
Mahindra & Mahindra to invest up to Rs 4,000 crore to boost electric vehicle businessMumbai: Having lost out the prestigious government electric vehicle order to Tata Motors, Mahindra & Mahindra, India’s leading electric vehicle maker is not perturbed and has set its eye on bigger things in the future. The maker of Scorpio and Bolero SUV, which has so far invested close to Rs 500 crore in the business, will be... Read more.. |
Fortum, NBCC agree on developing e-vehicle charging infrastructure across IndiaNew Delhi: Finland-based energy company Fortum on Wednesday signed a Memorandum of Understanding (MoU) with state-owned NBCC (India) Ltd for developing electric vehicle charging infrastructure across India. The agreement covers planning, designing, investing and operating the charging infrastructure using cloud-based system. “India is an... Read more.. |
ABB India Submits Bid For 4,500 Electric Vehicle Charging StationsThe Indian arm of Swiss power equipment and robotics company ABB has submitted a bid to provide 4,500 charging points as part of the government’s tender to procure electric vehicles to push cleaner transport.
“We already provide electric vehicle charging infrastructure in some of... Read more.. Date : Oct 6 Source: Bloomberg|Quint
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Air quality in Delhi deteriorates, enters red zoneThe System of Air Quality and Weather Forecasting Research (SAFAR), under the Ministry of Earth Sciences which monitors air pollution said that the air quality of the National Capital has become poor as of today and as much as of prediction, it is likely to worsen in the coming few days. The Air Quality Index (AQI) maintained by the Central Pollution Control Board (CPCB) has recently sky rocketed to 219 (... Read more.. |
U.S. greenhouse gas emissions fall 2 pct in 2016, led by power industry - EPAWashington: Greenhouse gas emissions from America's largest industrial facilities fell 2 percent in 2016 to 2.99 billion tonnes, led by a large cut from the powersector, according to data published on Thursday by the Environmental Protection Agency.
The decline, which came in the final year of Barack Obama's presidency, brings the total... Read more.. |
Boeing-backed, electric-hybrid airliner set to hit market in 2022NEW YORK: A Seattle-area startup backed by the venture arms of Boeing Co and JetBlue Airways Corp plans to bring a small hybrid-electric airliner to market by 2022 that can dramatically reduce the travel time and cost of trips under 1,000 miles (1,600 km), it said.
The first of several aircraft planned by Zunum Aero would seat up to 12... Read more.. |
Tariff for wind energy at record low of Rs 2.83/unitWind energy tariffs dipped to a new low of less than Rs 3 per unit, dropping sharply from the previous record of Rs 3.42, in an auction for 1,000 megawatts of projects that continued late into Wednesday evening. One bidder offered Rs 2.83 per unit in Solar Energy Corporation of India’s second auction of wind projects that started on Wednesday afternoon. The steep fall in wind energy tariffs mirrors the trend... Read more.. |
