You are here

Sustainability Outlook Headlines

Electric two-wheeler sales decline by 26%, fail to cross 10,000-units mark in last 6 months

Electric two-wheeler sales failed to cross even the 10,000-units mark during the April-September period despite the government’s Rs 10,000 crore electric vehicle promotion scheme.

Sales declined by a quarter compared to last year because of the disruptions from the Covid-19 pandemic even after double-digit growth during August and September.

About 7,552 high-speed electric two-wheelers were sold between April and September, according to data from Society of Manufacturers of... Read more..

Source: The Economic Times

LED bulb penetration 88pc in India, says study

Energy efficiency in Indian households has touched 88 per cent with LED bulbs lighting up homes due to affordable government schemes, while more than 75 per cent of air-conditioner users and 60 per cent of refrigerator customers are using star-labelled products, a study said on Wednesday. However, only 25 per cent of Indian households are aware of the Bureau of Energy Efficiencys star labelling programme, it said.

... Read more..

Source: The Economic Times

Green energy developers steer clear of China funding links

Indian green energy promoters have told deal advisors to ensure there’s no China connection to inbound funds, according to several developers currently raising funds.... Read more..

Source: Live Mint

Top Policymakers to speak on “India PV EDGE 2020” on Solar Manufacturing

To catalyze cutting-edge PV manufacturing in India, NITI Aayog, Ministry of New and Renewable Energy, and Invest India, are organizing a global symposium virtually, ‘India PV EDGE 2020’, on October 6, 2020, from 5–8.40 pm.

There will be a plenary session and subsequent sessions on ‘Wafers and Cells’, ‘Modules and Production Equipment’ and ‘Supply Chain’. It will also include a ‘Investors... Read more..

Source: Press Information Bureau

India has opportunity to become global hub for solar PV manufacturing: Kant

Solar photovoltaic (PV) manufacturing is one of the strategic sectors announced by the government and India has the opportunity to be the global hub for this, Niti Aayog CEO Amitabh Kant said on Tuesday. Addressing a virtual conference on 'India PV Edge 2020: Re- Define What is Possible', Kant said the government is confident of building competence, capabilities and capacities, especially in the sunrise areas of growth.

... Read more..

Source: The Economic Times

India to replace coal fired power plants with renewables: R K Singh

India is planning to replace retiring coal-fired power plants with renewable generating capacity in a bid to cut the nation's carbon footprint, power minister R. K. Singh said on Tuesday.

India is the world's second largest coal consumer after China, and the third largest emitter of greenhouse gases. Coal-fired plants currently account for over half its nearly 373 gigawatt (GW) power generating capacity.... Read more..

Source: The Economic Times

Govt to give incentives to boost domestic solar industry: Minister

Along with an interest subvention to boost domestic solar manufacturing in the country, the government is also looking at incentivising the use of advanced technology, union power and renewable energy minister RK Singh said.

"We have schemes in the anvil, and under those schemes, we'll be giving interest subvention for people setting up manufacturing. I want to give additional incentives for those using futuristic technologies," he said.

This scheme will be built into the... Read more..

Source: The Economic Times

India to overtake China as largest LPG residential market by 2030: Report

India is expected to overtake China as the world's largest cooking gas LPG residential sector market by 2030, Wood Mackenzie said on Tuesday.

"Liquefied petroleum gas (LPG) demand in the residential sector will continue to see sustainable growth at a cumulative annual growth rate (CAGR) of 3.3 per cent, reaching 34 million tonnes (MT) in 2030 as households' dependence on solid biomass diminishes in the long... Read more..

Source: Business Standard
Subject Tags: India and China, LPG

eMatrixmile, Magenta sign MoU to develop 10,000 EV charging

eMatrixmile India Pvt Ltd and Magenta EV Solutions Private Limited signed a Memorandum of Understanding (MoU) for installation and commissioning of 'QYK POD' charging stations with associated infrastructure & stations in Mumbai, MMR and Maharashtra region.
 
This MoU comes in the framework to install around 10,000 electric... Read more..
Source: The Times of India

Dutch Development Bank FMO invests $5-million in Bihar-based mini-grid developer Husk Power

Husk Power Systems, a Bihar-based off-grid renewable energy start-up, has received $5-million funding from Dutch development bank FMO, the company said in a press release on Tuesday.

“We are honored to have FMO as an investor and partner in Husk Power. Not only will the investment be a catalyst for Husk to achieve its ambitious mini-grid roll-out plan, it gives us a partner with deep knowledge and experience in scaling innovative energy technology companies like Husk Power to focus on promoting productive uses of... Read more..

Source: The Economic Times

UK''s Johnson to sink millions into wind power

British Prime Minister Boris Johnson is set to pledge that every home in the country will be powered by offshore wind in a decade.

Johnson says a “green industrial revolution'''' will create hundreds of thousands of jobs. He''s sinking 160 million pounds ($208 million) into the proposal, with funds going toward upgrading ports and factories to aid in the... Read more..

Source: Outlook India

Dow India launches Rethink+, India's first digital waste management program to recycle plastic waste

Dow Chemical International Pvt. Ltd (Dow India) announced today the launch of its first digital waste management platform Rethink+. This is a unique plastics take-back program that aims to prevent post-consumer plastic waste from going to landfills by digitally connecting waste generators, waste aggregators, waste processors and recyclers. This new initiative is in collaboration with Recykal, a technology company providing cloud-based solutions for the waste management and recycling industry, and a waste... Read more..

Source: PR News Wire

EDEN Renewables India increases its portfolio; wins three 1,350 MW capacity solar projects in Rajasthan

EDEN Renewables India, a joint venture (JV) of EDF Renewables and Total Eren, has been awarded three solar photovoltaic (PV) projects for a total capacity of 1,350 megawatt (MW) in Rajasthan.

The JV has won two 450 MW solar projects by SECI and one 450 MW solar project by NHPC, between April and July 2020.

... Read more..

Source: The Economic Times

ReNew may adopt orphan SPV to raise $350 m

India’s leading green energy company ReNew Power is planning to raise about $320-350 million through an overseas green bond sale as the company aims to expand capacity and repay high-cost local debt,... Read more..

Source: The Economic Times
Subject Tags: Green Bonds, India, Renew power

Rays Experts commissions 600 MW solar projects in Rajasthan

Rays Experts on Monday said it has successfully commissioned six solar parks in Rajasthan with a combined power capacity of 600 megawatt (MW).

Rays Experts has invested Rs 3,000 crores on the six parks which are spread across 2,500 acres of land, mainly in the districts of Bikaner and Jodhpur, and provide more than 4 lakh houses with renewable energy, a company statement said.

... Read more..

Source: Outlook India

Facebook contracts 100 MW of rooftop solar arrays in Singapore

Social media giant Facebook (NASDAQ:FB) has signed a contract with Sunseap Group Pte Ltd to buy solar power from 100 MWp of rooftop photovoltaic (PV) installations in Singapore.

The newly signed virtual power purchase agreement (VPPA) should help Facebook achieve its objective to support its operations in the region, including Asia’s first custom-built data centre, with 100% renewable energy and to reduce... Read more..

Source: Renewables Now

Young technocrats set up world's first plastic-to-petrol plant in Guntur

Three young technocrats have set up the world's first plastic-to-petrol making plant in Guntur. The research by BV Satish Kumar, Mahesh Siripurapu and Mithun Prem Chand helped Needa Green Energey Limited (NGEL) to come out with path-breaking innovation to make use of the plastic to manufacture reusable fuels... Read more..

Source: The Times of India

Dr Reddy's joins hands with SBTi, aims to cut greenhouse gas emissions by 55 per cent by 2030

Dr Reddy's Laboratories on Monday said it has committed to reduce its greenhouse gas emissions by 55 per cent by 2030. The Hyderabad-based drug major has joined hands with the Science Based Targets initiative (SBTi), thus becoming the first Indian and the third Asian... Read more..

Source: The Economic Times
Subject Tags: GHG emissions, India

Andritz bags equipment contract for India's largest pumped energy storage project

Austrian company Andritz announced it has bagged the contract from Greenko Energy for the supply of electro-mechanical equipment for India's largest pumped storage plant coming up at Pinnapuram in Andhra Pradesh.

... Read more..

Source: The Economic Times

India third largest job provider in renewable energy sector after China, Brazil

After China and Brazil, India is the third largest job provider in the renewable energy sector. India’s renewable energy sector provides 8.24 lakh jobs, finds a study by International Renewable Energy Agency (IRENA).

Solar photovoltaic segment provides the largest number of both direct and indirect jobs -- 2,04,000 jobs -- in India. On-grid solar sector provides an estimated 1,09,000 jobs, while another 95,... Read more..

Source: Deccan Chronicles

Share of renewable energy rises to 26% in Apr-Aug this year: Official

The share of renewable energy in the country's power mix has increased from 23 per cent to 26 per cent in April-August period this fiscal, a senior official said on Saturday. Green energy's share increased at a time when the power sector witnessed sluggish demand due to the COVID-19 pandemic, he said.

"The share of renewable energy has increased from 23 per cent to 26 per cent from April to August 2020," Central Electricity Authority (CEA) chairman Prakash Mhaske said at a CII event.

... Read more..

Source: The Economic Times

India's wind power generation down 40% during peak season

Climate change has impacted India’s green economy, with wind energy generation during this year’ peak season being the worst ever due to low wind speeds on account of an erratic summer monsoon, said several project developers.

... Read more..

Source: Live Mint

India to have world’s largest clean energy-driven railway network: Piyush Goyal

The Railways has embarked on a massive electrification drive and by 2023, the country will have the world’s largest 100 per cent clean energy-driven rail transport system, Union Minister Piyush Goyal said on Sunday.

The railway minister also said that work way underway to set up an infrastructure for generating 20,000 megawatt of... Read more..

Source: The Hindustan Times

Solar power plant commissioned at IIM Trichy

With the commissioning of a two MegaWatt solar power plant on Thursday, Indian Institute of Management (IIM) Trichy is expected to bring down two-third of its conventional energy consumption.

The solar plant spread around an artificial lake on campus was installed at a cost of Rs14.20 crore. The project was sponsored by the Rural Electrification Corporation Limited (RECL) as part of its CSR initiative.

Officials said that the power plant had been under trial run for the last... Read more..

Source: The Economic Times

Renewable ministry, Niti Aayog organise conference on solar cell manufacturing

To catalyse cutting-edge solar cell manufacturing in India, NITI Aayog, the New and Renewable Energy Ministry, and Invest India are organising a global symposium virtually 'India PV EDGE 2020' on October 6, an official statement said. There will be a plenary session and subsequent sessions on 'Wafers and Cells', 'Modules and Production Equipment' and 'Supply Chain, it added.

The statement said solar... Read more..

Source: The Economic Times