Sustainability Outlook Headlines

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..

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..

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..

Gujarat adds highest wind power generation capacity

Continuing to attract wind power project developers, Gujarat added the highest capacity for wind power generation in 2019-20. The state had also grabbed a lion’s share of the new wind power capacity installed across India in the last fiscal.

The state saw installation of new wind power generation... Read more..

Andhra Pradesh makes rapid strides in PAT scheme in industries sector

The Energy Department of Andhra Pradesh (A.P.) saved 2,386 million units (MU) of power in the industries sector under the Perform Achieve & Trade (PAT) scheme. The power conserved is worth around ₹1,600 crore in the last three years , according to an official release.

The Bureau of Energy Efficiency (BEE) appreciated the efforts of A.P. towards improving energy efficiency in energy-intensive industries... Read more..

Single window system to be set up soon for industrial clearances and approvals

The Government is soon going to set up a single window system for clearances and approvals of industry in the country.Talking to the sovereign wealth funds, the foreign pension funds and others on ease of doing business and investments in infrastructure sector in India, Commerce and Industry Minister Shri PiyushGoyal said that this would be a genuine single window and all the concerned State Governments and Central Ministries are being taken on board for the system. 

... Read more..

BMW Group makes sustainability and efficient resource management central to its strategic direction

The BMW Group is making sustainability and resource efficiency central to the company’s strategic direction. Chairman of the Board of Management Oliver Zipse announced initial details of this strategic direction in Munich today and presented the targets the company has set itself for the phase up to 2030. The BMW Group is building on a strong foundation: Over the past years and decades, the company has repeatedly set standards in terms of sustainability. The principle of continuous improvement will remain at... Read more..

India-European Union Agreement on Scientific and Technological Cooperation renewed for next five years (2020-2025)

India and European Union have renewed its Agreement on Scientific and Technological Cooperation for the next five years (2020-2025). This has been done by exchange of Note Verbale between two sides. The Agreement was initially signed in on 23 November 2001 and renewed two times in past in 2007 and 2015.

This will expand the cooperation in scientific and technological research strengthen the conduct of... Read more..

DPIIT-led panel to vet GeM vendors from neighbouring countries, restrict Chinese suppliers

All vendors registered on the government e-Marketplace (GeM) will now have to furnish a certificate declaring their compliance with the new procurement norms that seek to restrict suppliers of Chinese... Read more..

Ather Energy raises ₹84 crore from existing investor Hero MotoCorp

Power Innovations announces new record in use of Hydrogen Fuel Cell technology

Energy solutions provider Power Innovations announced it successfully powered a full data center server load, equivalent to one-fourth of a Megawatt (MW), for 48 continuous hours with Hydrogen Fuel Cells (HFC), doubling the previous mark of 24 hours set by the firm last year.

... Read more..

Azure Power receives LOA for 2,000 MW solar power project

Solar power producer Azure Power today announced it has received the letter of award (LOA) for a 2,000 Megawatt (MW) interstate transmission (ISTS) solar power project with Solar Energy Corporation of India (SECI... Read more..