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Sustainability Outlook Headlines

Maharashtra solar auction winning tariffs remain unchanged at Rs 2.74 per unit

Tariffs in Maharashtra's latest solar auction for 1,000 MW, held on Monday, remained almost unchanged from the last one conducted eight months ago, with mostly domestic developers participating. Shiv Solar and Acme Solar won 50MW and 300MW respectively at the lowest winning tariff of Rs 2.74 per unit, while ReNew Power and Avaada Energy won 300MW and 350MW at Rs 2.75 per unit. “Lower tariffs were in any case not justified as all kinds of costs are going up,” said a developer on condition of anonymity. “Prices should rise, but the moment they do, states have been cancelling the auction... Read more..

Source: Energy World - Economic Times

World Bank approves Rs 11,000 cr for improving safety of hydro power dams

The World Bank has accepted a proposal to provide Rs 11,000 crore to India to improve safety and operational performance of its 733 large dams across 18 states over the next 10 years. The money will be utilised under the ongoing Dam Rehabilitation and Improvement Programme (DRIP) for its subsequent phases beginning 2020. Besides operation, maintenance and emergency action plans, the programme will also focus on revenue generation at dams through tourism, fisheries, water recreations and solar and hydro power. 

"The World Bank's country director confirmed the acceptance of the... Read more..

Source: Energy World - Economic Times

Magenta Power and Mahindra Susten partner to offer customised rooftop solar solutions

Under the partnership, Magenta Power and Mahindra Susten will provide diversified services within the renewable energy space in India. The duo aims to conceptualize solutions most suitable for the Indian market requirements. Rakesh Singh, CEO of Solar business at Mahindra Susten revealed, “We are jointly working on multiple initiatives with focus on key states in India which are in the forefront of solar initiatives in India. We are sure this partnership is going to put in overdrive the adoption of rooftop solar not only for our respective companies but for our country as a whole.”

... Read more..

Source: PV Magazine

Singapore fund and British developer eye stake in UK government’s south Asian renewables company

Mumbai-based investment fund EverSource Capital is preparing to take a $100 million slice of U.K. government-funded developer Ayana Renewable Power, according to a report in The Economic Times. EverSource is a JV between the Singapore-based Everstone Group private equity fund and U.K. renewables developer Lightsource BP – which rebranded itself last year after oil and gas giant BP acquired a 43% stake in it.

The Mumbai fund is reportedly ready to acquire all of the $100 million stake being offered in Ayana by CDC Group, the U.K. government owned development finance institution which... Read more..

Source: PV magazine

India, Argentina ink MoU for cooperation in nuclear energy

 India and Argentina Monday inked a Memorandum of Understanding to boost cooperation in the sector of nuclear energy. Minister for Foreign Affairs, Argentina, Jorge Faurie said his country has expertise in building small-capacity reactors and was looking to work with India in some third country in tripartite projects. 

"They (Prime Minister Narendra and Argentine President Mauricio Macri) also noted that the... Read more..

Source: Energy World - Economic Times

'Increasing maturity': PwC poll highlights growth of ESG and sustainable investing

Environmental, social and governance (ESG) issues and sustainable development ambitions are becoming increasingly important priorities for investors, according to the results of a global PwC survey which points to signs of "increasing maturity" in the responsible investment sector. The consultancy giant's fourth annual Private Equity Responsible Investment Survey published today draws on the views of 162 respondents from 35 countries and territories, including 145 private equity houses.
It found almost 81 per cent of respondents are currently reporting ESG matters to their boards at... Read more..

Source: Business Green

India Plans First Ever 1 Gigawatt Offshore Wind Tender For Gujarat

The Solar Energy Corporation of India (SECI) plans to hold the first ever offshore wind energy auction in the country for a 1 gigawatt project in the western state of Gujarat. SECI recently signed an agreement with the Gujarat government to set up India’s first offshore wind energy project. The agreement was signed during the biennial Vibrant Gujarat Global Summit 2019 last month. SECI will be responsible for the entire auction process, as well as procurement of power from the resulting project. The project would bring an estimated Rs 15,000 crore ($2.1 billion... Read more..

Source: Clean Technica

India proposes more than $12 billion of pollution-reducing incentives

India has proposed incentives worth 885 billion rupees ($12.4 billion) to encourage power plants to install equipment to curb emissions and to develop infrastructure for electric vehicles (EVs), a government statement said on Friday. The bulk of the money, 835 billion rupees, would be aimed at curbing sulphur emissions from power plants, with the rest devoted to development of EV infrastructure in 70 cities over five years ending 2025, the statement said. The proposal by India's power ministry to its finance commission is in addition to an existing proposal... Read more..

Source: Energy World - Economic Times

India to be world's largest energy growth market by mid-2020s: Report

India will by mid-2020s surpass China as the world's largest energy growth market, accounting for over a quarter of incremental global demand, UK supermajor BP said in its annual energy outlook.The 2019 edition explores the key uncertainties that could impact the shape of global energy markets out to 2040. "The greatest uncertainties over this period involve the need for more energy to support continued global economic growth and rising prosperity, together with the need for a more rapid transition to a lower-carbon future. These scenarios highlight the dual... Read more..

Source: Business Standard

Karnataka: Cesc to use solar power to electrify tribal hamlets in Mysuru

The darkness that many tribal hamlets continue to remain in, despite various programmes being initiated to address the problem, has alerted Chamundeshwari Electricity Supply Corporation (Cesc) to the gravity of the issue. The agency has hit upon the idea of using solar power to light up these tribal settlements. Research conducted by the Karnataka State Tribal Research Institute reveal that, in the Old Mysuru Region, the population of tribals is highest in Mysuru – 3.34 lakh — followed by 1.2 lakh in Chamarajanagar, 58,054 in Kodagu, 32,329 in Hassan and 22,402 in Mandya. Although most of... Read more..

Source: Energy World - Economic Times

Odisha: State secretariat will soon be fully solar-powered

The state government is planning to run the secretariat on solar power, replacing the conventional system, to make one of Odisha's biggest public buildings energy efficient. The plan has been mooted at a high-level meeting of the science and technology department held recently in which chief secretary Aditya Prasad Padhi suggested that steps should be taken to make the entire secretariat an energy-efficient building before replicating the same in other buildings. It must be noted that the secretariat, at present, partially runs on solar rooftop panels but mainly draws its power from the... Read more..

Source: Energy World - Economic Times

Kerala looks up at solar energy for its power needs

After recovering from an unexpected natural calamity, the State is now on a renovation mode, building a ‘New Kerala’ that focuses on sustainable development. As part of this, recently the State Finance Minister T M Thomas Isaac, in his budget speech, talked about providing around 130-150 crore units of electricity to the consumers from 500 MW rooftop solar photovoltaic (PV) projects and 500 MW from floating and terrestrial solar PV projects. He also mentioned that Kerala households have already registered for 200 MW of rooftop solar PV capacity. With a feasible plan in place, we talk to a... Read more..

Source: Energy World - Economic Times

Relief for solar developers on safeguard duty

Developers who won solar projects just before safeguard duty on solar panels and modules was imposed on July 30 last year have been greatly relieved by an order passed by Maharashtra’s power regulator on Friday, maintaining that such duty amounted to a “change of law” and that developers should be adequately compensated for it. Tata Power, Acme Solar and Adani Green Energy won 150 MW, 250 MW and 200 MW respectively in a 1000 MW solar auction conducted by Maharashtra’s main discom, Maharashtra State Electricity Distribution Co Ltd (MSEDCL) in May last year, the... Read more..

Source: Economic Times

Build favourable ecosystem for electric vehicles, say experts

 Kerala has huge potential for solar power generation as the state has 22 lakh houses with uninterruptible power source (UPS) system, which can be converted for solar power generation, said Vinod Gopal, selection committee member, Maker Village. He was addressing a session on 'Startups in Renewable Energy Sector' on the concluding day of the KREEPA Green Power Expo organized by the Kerala Renewable Energy Entrepreneurs' and Promoters' Association (KREEPA) in association with the ministry of new and renewable energy, state government, ANERT and Suchitwa Mission.

Solar panels cost... Read more..

Source: Energy World - Economic Times

EVI Technologies plans to set up 20,000 EV charging stations

 Electric vehicle charging infrastructure provider EVI Technologies plans to invest around Rs 100 crore in the next one and a half years to set up 20,000 charging stations across the country, a senior company official said. The firm, incubated at the Electropreneur Park funded by the Ministry of Electronics and Information Technology, has also tied up with BSES Rajdhani Power Ltd to set up around 3,000 electric vehicle (EV) charging stations in Delhi. "We have a target to create a network of around 20,000 EV chargers in the next one and a half years. This will... Read more..

Source: Energy World - Economic Times

SoftBank grabs a chunk in India's wind power pie

Softbank has bagged the largest chunk of a 1,200 MW wind power tender concluded Friday, which has marked the company’s foray into the wind sector at a time when constraints around availability of land and transmission infrastructure are pressing. Adani and Ostro Energy, which was acquired by ReNew Power last year, have also bagged a significant capacity of the tender floated by the Solar energy corporation of India (SECI) in December last year. The two companies, however, emerged as the lowest bidders for the tender quoting a price of Rs 2.82 per unit, for 250... Read more..

Source: Energy World - Economic Times

Once complete, Polavaram to add 980 megawatts of hydel power to state grid

Polavaram project, considered the lifeline of Andhra Pradesh, will also make the state surplus in power generation. It will add about 980 megawatts of hydel power to the state grid. At present, the state has an installed capacity of 2,336 megawatts of hydel energy. Once Polavaram and other projects are completed, the total hydel power generation in AP will touch 4,600 megawatts. ... Read more..

Source: Energy World- Economic Times

Agriculture, energy and technology on Argentine president's agenda during India visit

It may be Mauricio Macri's first visit to India, but the Argentine president has met Prime Minister Narendra Modi at least three times in the past year. Macri's visit, said Daniel Chuburu, Argentina's ambassador to India, is intended to raise the bilateral relationship between India and Argentina in three key areas - agriculture, energy (fossil fuel and renewable), mining and high technology in areas like space. ... Read more..

Source: Energy World - Economic Times

India Round-up: Uttarakhand eyes 200MW, Tata Hyderabad roofs, BIS extension, Maharashtra 138MW offer

Uttarakhand tenders for 200MW 13 February: The Uttarakhand Renewable Energy Development Agency (UREDA) has issued a tender for 200MW of grid-connected solar power projects in the mountainous North Indian state. The deadline for bid submission is 15 March 2019. The move comes as part of the Uttarakhand Solar Energy Policy - 2018.

Maharashtra tenders 138MWac of solar near power stations 13 February: Maharashta's Mahagenco has issued a tender for 138MWac of solar. The scope of the tender is for design, engineering, manufacture, supply... Read more..

Source: PV Tech

Your electric vehicle dream may get a Rs 50,000 jump-start

The government is planning to incentivise the purchase of electric vehicles (EVs) with rebates of up to Rs 50,000, bringing them under the umbrella of priority sector lendingand lowering interest rates on loans, said an official with knowledge of the matter. The move is part of the government’s bid to promote the manufacture and sale of EVs in India so that they eventually comprise 15% of total sales from the current negligible share in the... Read more..
Source: Economic Times

India in third position in list of LEED green buildings

After China and Canada, India is ranked third with more than 899 LEED-certified projects totaling more than 24.81 million gross square meters of space, as per the US Green Building Council (USGBC) ranking. The list ranks countries and regions in terms of cumulative LEED-certified gross square meters as of December 31, 2018 and represents 7,797 certified projects totaling more than 210 million gross square meters of space. LEED, or Leadership in Energy and Environmental Design, is the world's most widely used green building program with 96,275 registered and certified projects in more than... Read more..

Source: Money Control

Policy on energy storage will help bring in investments: AES Executives

The CEOs were in India to announce the launch of what they claim to be Asia’s largest gridscale energy storage project for Tata Power-Delhi Distribution Ltd (DDL). India must set out a clear policy around energy storage, much like what it has done for renewable energy, for investments to start coming into what could be at least a $15 billionmarket, top executives of US-based AES Corporation and Fluence Energy said. A stable policy that... Read more..
Source: The Economic Times

EU, India to jointly invest Rs 323 crore on 7 water projects

The European Union and India on Thursday decided to jointly invest Rs 323 crore on seven projects over four years to find affordable solutions to improving drinking water quality and boosting waste water management in the country. Around 130 entities will be part of these projects, ranging from universities, research labs, municipalities to private companies. Five IITs of Delhi, Bombay, Guwahati, Bhubaneswar, Roorkee, and CSIR-National Environmental Engineering Research Institute (CSIR-NEERI) and TERI will also collaborate in the projects. The projects will not only support the Ganga... Read more..

Source: The Times of India

Transport sector can become all electric-driven by 2030: EV expert

Electric vehicles are the future and with the help of innovative approaches, Indias transport sector can become all electric-driven by the year 2030, an EV expert and professor of IIT Madras has said. Professor Ashok Jhunjhunwala at a lecture in the Indian Institute of Management, Calcutta on Tuesday suggested innovative alternative solutions for electric vehicle technology adoption and called for the application of Internet of Things (IoT) to get the maximum out of batteries. 

He also suggested reduction of battery sizes, weights and costs and splitting battery into smaller sizes... Read more..

Source: Energy World - Economic Times

Slowdown in India, Germany led drop in onshore wind energy capacity in 2018

The global commissioning of onshore wind turbines declined 3 per cent in 2018, partly due to a slowdown in India and Germany, even as the growth is expected to bounce back in 2019, with a 32 per cent jump to 60 Gigawatt (Gw), clean energy research firm BNEF said. Companies commissioned over 45 GW of onshore wind turbines globally in 2018 compared with 47 GW a year earlier. “Just four manufacturers accounted for more than a half, or 57 per cent, of the machines deployed: Denmark’s Vestas, China’s Goldwind, GE Renewable Energy of the U.S. and Spain’s Siemens Gamesa,” BNEF said in a statement... Read more..

Source: Energy World- Economic Times