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Sustainability Outlook Headlines

Energy storage will attract $662 bn investments through 2040; China, US, India to lead the pack

Global energy storage installations are set to multiply exponentially, from a modest 9 Gigawatt (GW)/17 Gigawatt Hour (GWh) deployed as of 2018 to 1,095 GW/2,850 GWh through 2040 led by China, US and India. This 122-fold boom of stationary energy storage over the next two decades will require $662 billion of investment, according to BloombergNEF (BNEF). It will be made possible by further sharp declines in the cost of lithium-ion batteries, on top of an 85 per cent reduction in the 2010-18 period. BNEF’s... Read more..

Source: Energy World - Economic Times

India, UK launch clean air initiative in Bengaluru

The Innovation for Clean Air (IfCA) was launched in Bengaluru on Wednesday. The two-year UK-India joint initiative provides Indian and UK stakeholders opportunities to test interventions related to air quality and EV integration. Speaking at the IfCA launch on Wednesday, British Deputy High Commissioner Dominic McAllister said: "I am delighted to launch this joint programme. Such collaborative initiatives are an example of how the UK and India can work as a joint force for good on innovative solutions and can... Read more..

Source: International Business Times

Govt softens stance on time frame for transition to electric vehicles

The government seems to have softened its stance on the time frame for transition to electric vehicles (EVs). The Ministry of Heavy Industries, the Ministry of Road Transport and Highways, the power ministry, and the NITI Aayog — tasked with the policymaking and implementation of the government’s e-mobility plan — have extended an olive branch to the beleaguered automobile industry by agreeing to a “softer, pragmatic, phase-wise approach”. Under the revised plan, highly-polluted urban cities will be targeted... Read more..

Source: Business Standard

DERC announces reduced tariff for power consumers in Delhi

DERC announces reduced tariff for power consumers in Delhi. The DERC has reduced fixed charges across all categories. Delhi Electricity Regularity Commission (DERC) chairman Justice (retired) S S Chauhan said the new rates would be applicable from August 1. As per the new rates, the fixed charges up to 2 kilowatts (kW) has been reduced from Rs 125 to Rs 20, while the charges above 2 kW but less than 5 kW has been slashed from RS 140 to Rs 50. The fixed charges for more than 5 kW and less than 15 kW has been... Read more..

Source: Energy World - Economic Times

Government revises solar pumps costs before installing 17.5 lakh units

The ministry of new and renewable energy (MNRE) has revised the benchmark costs of solar pumps for FY20. The latest bench-marking comes at a time when the government is preparing to install 17.5 lakh stand-alone solar pumps and connect 10 lakh existing agriculture pumps with solar power through the recently approved Pradhan Mantri Kisan Urja Suraksha evam Utthan Mahabhiyan (PM KUSUM) scheme. Since all component purchased through the scheme will have to be manufactured domestically, it opens up a potential... Read more..

Source: Financial Express

India offers $100 mn aid to Benin to meet sustainable development goals

India on Monday offered concessional financial assistance of USD 100 million to Benin with an aim to help the West African country meet its Sustainable Development Goals. President Ram Nath Kovind is currently on the first leg of his three-nation visit to Africa, having reached the port city of Cotonou in Benin on Sunday. He was accorded a ceremonial welcome by his Beninese counterpart Patrice Talon on Monday, following which the two sides held a meeting on bilateral relations. The two sides signed four... Read more..

Source: Energy World - Economic Times

Govt Proposes Scrappage Scheme For Vehicles Older Than 15 Years

The government has proposed certain amendments to the Central Motor Vehicle Rules. Proposal includes scrappage scheme for vehicles that are 15 years or older. Fitness certificate renewal for vehicles that are 15 years or older to be reduced to six months. Increased fee for fitness tests proposed for medium and heavy motor vehicles - Rs 1,200 for manual and Rs 2,000 for automatic vehicles. Fee for new vehicle registration and renewal of registration for medium and heavy vehicles to be set at Rs 20,000 and Rs... Read more..

Source: Cardekho
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5,645 electric buses sanctioned for 65 cities: NITI Aayog

According to NITI (National Institution for Transforming India) Aayog an Inter-Ministerial Panel has sanctioned 5645 electric buses for operations in 65 cities and for inter-city operations to 8 state transport undertakings. The announcement in this regard was made by NITI Aayog CEO Amitabh Kant. The move will give huge impetus to automobile sector, clean up cities & drive Make in India intiative. Niti Aayog has also proposed that all two-wheelers below capacity of 150cc sold in country after March 31,... Read more..

Source: Current Affairs

CECRI to make EV batteries; invest ₹100-cr

Central Electrochemical Research Institute to upgrade Chennai facility The Tamil Nadu-based Central Electrochemical Research Institute (CECRI), a research institute under the Council for Scientific and Industrial Research, has decided to set up a factory to produce batteries for electric vehicles. It plans to invest ₹100 crore to set up the unit at its campus in Taramani, Chennai. This is a marked departure for the research body that has developed technologies, on its own or as a sponsored initiative, and... Read more..

Source: The Hindu Business Line

India’s largest renewable energy companies: Acme, Adani and Greenko top the list

Acme Solar, Adani, and Greenko have topped the list of India’s largest solar power producers by capacity while in the wind energy sector Renew Power, Greenko and Sembcorp top the charts, according to latest data compiled by the International Energy Agency and CEEW. The latest data, compiled in a report “Clean Energy Investment Trends 2019”, shows Acme Solar Holdings had 2,300 Megawatt (Mw), Adani 1,970 Mw while Greenko Energy Holdings had 1,916 Mw of solar PV generation capacity at the end of May 2019. These... Read more..

Source: Energy World - Economic Times

SunSource Energy plans to start work on 70 Megawatt solar power project in UP

Distributed solar power company SunSource Energy today announced it will start work on constructing a 70 Megawatt (Mw) solar power project in Uttar Pradesh at an estimated investment of around Rs 300 crore. The project was awarded under the open access project allocation in the state and its power will be sold through long-term Power Purchase Agreements (PPAs) to commercial and industrial customers. “This project is part of the 200 MW solar projects that the company has committed to develop in Uttar Pradesh... Read more..

Source: Energy World - Economic Times

Tamil Nadu: Lack of meters stop homes from tapping solar energy

People trying to tap green energy by installing roof-top solar panels are finding it next to impossible to get the mandatory net meter from Tangedco, the state’s discom. Net meter measures the quantum of power generated, consumed and provided to the grid. Many plants installed in the city are idling for three to six months because of non-availability of the meter. Area engineers and contractors empanelled to install solar panels say Tangedco orders and gets net meters in batches, and the next batch is awaited... Read more..

Source: Energy World - Economic Times

Parched manufacturing city in India brings in water by rail

Amid the green Yelagiri hills of southern India, the train inches along the tracks, carrying what has become precious cargo: drinking water bound for Chennai, India’s parched Motor City. Demand for water in the manufacturing and IT hub on the Bay of Bengal far outstrips supply, forcing authorities to take extreme and costly measures to serve the city’s 10 million people. And so, every day, the train sets out on a four-hour, 216-kilometer (134-mile) journey; its 50 tank cars carrying 2.5 million liters (660,... Read more..

Source: News Info

Tata Power arm to develop 250 MW solar power project in Gujarat

Tata Power on Monday said its renewable energy subsidiary TPREL has received a letter of award from Gujarat Urja Vikas Nigam Ltd (GUVNL) to set up a 250 MW solar project in Dholera Solar Park in Gujarat. This is in addition to 100 MW project awarded by GUVNL in May 2019 for Raghanesda Solar Park, the company added. "Tata Power Renewable Energy Ltd (TPREL), a wholly-owned subsidiary of Tata Power, has received a Letter of Award (LoA) from GUVNL to develop a 250 MW solar project in Dholera Solar Park of Gujarat... Read more..

Source: Energy World- Economic Times

Himalayan states seek 'green bonus' at Mussoorie conclave: Region is crucial for water conservation, protection of eco-sensitive zones

The Himalayan states on Sunday came together at a conclave in Mussoorie to demand a separate Union ministry to deal with problems endemic to them and a green bonus in recognition of their contribution to environmental conservation. This was for the first time that the Himalayan states came on a single platform to take a unanimous stand on these issues. Both the demands formed a part of a common agenda of the Himalayan states and a proposal in this regard was handed over to Union Finance Minister Nirmala... Read more..

Source: Firstpost

The 4 factories that could solve one of the last pieces of India's EV puzzle

The plan involves setting up at least four factories — of 10 gigawatt hours each. India, famous for its affordable entry-level cars, remains the only major market without a genuine electric vehicle. The market share of electric vehicles in the country stands at a mere 0.06%, compared with over 30% in a number of developed nations, government figures show. But that could soon change — the country's plans to go big on electric vehicles may now have finally been put on the fast lane. According to latest reports... Read more..

Source: Economic Times

India leads with cheapest renewable power in Asia Pacific, followed by Australia

India- the second-largest power market in the Asia Pacific region with an installed generation capacity of 421 GW – has emerged as the lowest-cost producer of renewable energy in the area. “The country has seen [the] levelized cost of electricity (LCOE) using solar falling to $38/MWh this year, which is 14% cheaper than … traditional coal-fired electricity,” read a report by U.K.-based market intelligence firm Wood Mackenzie. Solar capacity in India is expected to touch 38 GW this year and the expanding... Read more..

Source: PV magazine

IEA signs MoU to bolster energy efforts in India

The International Energy Agency’s Executive Director, Dr Fatih Birol, signed a memorandum of understanding (MoU) with The Energy & Resources Institute (TERI) this month to strengthen cooperation between the two organisations in their work on a wide range of energy issues. The MoU was signed with TERI Director-General, Dr Ajay Mathur, to assist in overcoming issues including affordable energy access and the integration of renewable energy, energy efficiency, mobility and reducing emissions in the... Read more..

Source: ESI Africa

50,000 solar pumps to be given to farmers and 'gaushalas' in Haryana: Minister

Fifty thousand solar pumps will be given to farmers and 'gaushalas' in Haryana with the assistance of NABARD, Minister of State for New and Renewable Energy Banwari Lal said on Friday. About Rs 1,696 crore will be spent on this special scheme, he added. The minister was speaking at an event in Kadipur village of district Mahendragarh. Lal said that about 238 megawatt of green energy will be generated in the state with the installation of these solar pumps. "This will not only save the diesel used to run the... Read more..

Source: Energy World - Economic Times

Nature Conservation Day 2019: Mission Pani could be key to preventing a nationwide water crisis

The water crisis in Chennai, and droughts witnessed in Maharashtra and several other states this year, are likely to heighten if India fails take efforts to conserve water and replenish the low groundwater level as soon as possible. In fact, by 2030, India will need 1,498 BCM, more than twice the 744 BCM water supply it is estimated to have around that time, creating a severe water crisis in the country. It was in order to drive people's attention to this issue (and the crisis that India faces ahead) that... Read more..

Source: Firstpost

World's largest fusion experiment empowers Indian manufacturing

The upcoming plasma-based world's largest reactor that aims to demonstrate that it is possible to produce commercial electricity from clean energy source fusion is empowering industry globally, including Indian manufacturing. The 1,250-tonne cryostat base, the first two sections of which have been constructed by conglomerate Larsen & Toubro (L&T), is India's largest single procurement contribution to the ITER (International Thermonuclear Experimental Reactor) facility that spans over 42 hectares in... Read more..

Source: Energy World - Economic Times

Domestic Solar Battery Manufacturing Need a Boost for Huge EV Market: Amitabh Kant, NITI Aayog

Amitabh Kant CEO of NITI Aayog, known for taking a strong stance towards bringing innovative tranformation, have mentioned that India has put in place a game plan for electric vehicles (EV) and its components like batteries to ensure clean cities, reduce imports and utilise solar power. He said domestic battery manufacturing for electric vehicles provides a “massive market opportunity”, and also quickens the transition to such environment-friendly transport, which is vital for the country to help combat... Read more..

Source: SME street

UP govt allows farm land lease for solar power plant, agri industry

In a major push to boost investment and production as well as setting up of solar power projects in the state ahead of the ground breaking ceremony on Sunday, the UP government has made it possible to lease out agricultural land, so far prohibited, for agricultural purpose or for setting up solar plants. The new law permits lease of agricultural land for agricultural purposes for up to 15 years and for a solar project for up to 30 years. The change in rules will be highly beneficial for Bundelkhand where... Read more..

Source: Energy World - Economic Times

U'khand CM allocates solar energy projects to local entrepreneurs

Uttarakhand Chief Minister Trivendra Singh Rawat Friday allocated solar energy projects worth Rs 600 crore to local entrepreneurs. Together, these projects will generate 148.85 mw power. On the occasion, the chief minister said another lot of solar power projects worth Rs 200 crore will also be distributed soon among local entrepreneurs. Rawat described the projects as a significant step towards economic development of hill areas. Each entrepreneur will earn on an average Rs 66.50 lakh per annum from these... Read more..

Source: Energy World - Economic Times

Only 2,681 of 23L buildings have solar panels in Coimbatore circle

Of the 23 lakh buildings in Coimbatore circle, only 2,681 buildings have set up solar panels in the last five years. The buildings include houses, commercial buildings and educational institutions. “Only 0.01% of the total buildings in Coimbatore circle, which includes Tirupur, Palladam, the Nilgiris and Udumalpet, have installed solar panels since 2014. Even though the public are aware of the benefits of producing green energy, they are reluctant because of its high installation price,” an official from... Read more..

Source: Energy World - Economic Times