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Sustainability Outlook Headlines

Boost for electric vehicles: GST Council trims tax on electric cars, chargers to 5%

The 36th Goods and Services Tax (GST) Council meeting Saturday approved reduction in GST rate for all electric vehicles to 5 per cent from 12 per cent and for chargers or charging stations for electric vehicles to 5 per cent from 18 per cent along with exempting hiring of electric buses (of carrying capacity of more than 12 passengers) by local authorities. The changes would be effective from August 1. The reduced GST rates for electric vehicles (EVs) are estimated to lead to an annual revenue loss of around... Read more..

Source: Indian Express

Andhra Pradesh HC stays state government’s move to renegotiate PPAs

The Andhra Pradesh High Court has stayed the state government’s attempt to renegotiate tariff for renewable power producers, saying that negotiating procedure is outside the jurisdiction of the government under the Electricity Act and there should be no haste in these matters. The state government said it would now move the Andhra Pradesh Electricity Regulatory Commission (APERC) on power purchase agreements (PPAs) and tariff revision. Renewable power producers had moved the high court challenging the... Read more..

Source: Financial Express

Kinetic Engineering Limited plans to contribute to the Indian government’s vision of promoting Electric Vehicles in India

With a vision to have a Kinetic in every automobile, Kinetic Engineering Limited (KEL), the flagship company of the Kinetic Group, announces its contribution to the Indian government’s vision of promoting electric vehicles (EV) in India. Kinetic shall utilize its strong technical knowledge, vast manufacturing experience and vertically integrated in-house capabilities to provide high-quality systems and components to its EV customers. The company will soon be initiating the development of axles and gearboxes... Read more..

Source: India News and Times
Subject Tags: Kinetic Group, undefined

As told to Parliament: Hydro-power projects of 4,604.81 MW commissioned

The Union Ministry of New & Renewable Energy brought out small hydro power schemes from time to time to provide Central financial assistance to both government and private sector for setting up Small Hydro Power (SHP) projects, Union Minister of State for New & Renewable Energy and Power, R K Singh told the Lok Sabha on July 25. The aggregate capacity of SHP projects commissioned in India by June 30, 2019, was 4,604.81 Mega Watt (MW). A total of 116 SHP projects, aggregating to 589.99 MW, are under... Read more..

Source: Down To Earth

Gandhi Global Solar Yatra reaches Kanpur

The Gandhi Global Solar Yatra (GGSY), kickstarted by Professor Chetan Singh Solanki of IIT-Bombay, reached Kanpur on Wednesday. As a part of his yatra, Prof Solanki also interacted with the students at IIT-Kanpur campus. Addressing the students, he said that it was the time to work on ‘Energy Swaraj,’ on the lines of Mahatma Gandhi’s philosophy of ‘Gram Swaraj’. Energy Swaraj is generation of energy by the communities for their consumption and needs. The Indian leg of GGSY, scheduled to cover 50 Indian cities... Read more..

Source: Energy World - Economic Times

Amazon now has solar panels on over 50 fulfillment centers, ahead of 2020 target

As you may remember, two years ago Amazon announced an initiative which sought to increase the firm's use of renewable energy solutions installed atop its fulfillment centers. Specifically in March of 2017, it announced the intention to install solar panels on 50 of its fulfillment centers worldwide by the year 2020, a goal which it has now achieved. The milestone that the ecommerce giant has now checked off is part of its Shipment Zero vision, which seeks to make shipments net zero carbon, with 50% of the... Read more..

Source: Neowin

India readies plan for $4 billion Tesla-scale battery storage plants

India is putting the final shape on a plan to build at least four Tesla-style giga factories to manufacture batteries with an investment of around $4 billion, as the country prepares to switch to electric vehicles to curb pollution and cut its dependence on foreign oil. “We are moving ahead with the plan and a cabinet note for the same has been floated," said a senior government official, requesting anonymity. “Why should India import battery storage units when we have the largest market here?" Aimed at... Read more..

Source: Livemint

MoU signed for 100 charging points for e-vehicles in Noida

Hundred charging stations for electric vehicles will come up soon in the city, with the Noida Authority on July 25 entering into a pact with EES for setting up infrastructure for mobility based on clean energy. A memorandum of understanding (MoU) was signed by Ritu Maheshwari, CEO Noida Authority, and Saurabh Kumar, Managing Director for EESL, a joint venture of public sector undertakings under the Union Ministry of Power, in the presence of NOIDA chairperson Alok Tandon. "The MoU with EESL is part of our... Read more..

Source: Money Control

Ola launches drive to enable sustainable livelihoods for 5 lakh women by 2025

Ola, one of the world's largest ride-hailing platforms, on Thursday launched a drive to enable sustainable livelihoods for 5 lakh women through its social welfare arm, Ola Foundation. The foundation will focus on enabling economic empowerment for women through employment-linked skills training, financial literacy and social empowerment through life-skills education. A charitable trust set up in December 2016, Ola Foundation has been actively involved in projects related to women empowerment over the last two... Read more..

Source: IB times

Immediate need to frame policy for river basin management, treated wastewater reuse

National Mission for Clean Ganga (NMCG) Director General Rajiv Ranjan Mishra has highlighted an immediate need to frame a comprehensive central policy document for river basin management and treated wastewater reuse. Singh made the comments during a roundtable discussion on 'Treated Wastewater Reuse Policies and Approaches in India and the European Union-A Comparative Assessment' organised by NMCG, India-EU Water Partnership and GIZ on Tuesday. "One of the major objectives of NMCG is 'aviral dhara', that is... Read more..

Source: ANI News

Global solar installations to reach record high this year - research

New solar photovoltaic (PV) installations are set to reach a record high this year, driven by improving markets in Europe and the United States and fast growth in India and Vietnam, consultancy Wood Mackenzie said on Thursday. Low auction prices are also expected to help boost new solar PV capacity by the end of this year to 114.5 gigawatts (GW), 17.5% higher than 2018 and the first time new installations have exceeded 100 GW. Last year, new capacity dipped slightly, mostly due to a slowdown in the world's... Read more..

Source: Yahoo

Kinetic Engineering eyeing partnership for battery and motor manufacturing

Kinetic Engineering, the erstwhile maker of the Luna mopeds and the Kinetic scooter, is exploring partnerships to get into battery and electric motor manufacturing in India amid the government’s push for developing green mobility solutions in the country. Kinetic Engineering is in talks with Japanese and Korean companies to explore partnerships for the motors and it has already been approached by a vehicle maker to manufacture battery, its managing director said. The government’s push towards electrification... Read more..

Source: Economic Times

AGEL plans to add 800 MW of renewable energy projects

Adani Green Energy Limited (AGEL) plans to add over 800 MW of renewable energy projects in the current financial year and 3300 MW in two more years, the company said in a statement. "Adani Green Energy Limited plans to add over 800 MW of new capacity of wind and solar projects during the current financial year. Adani Green is India's one of the fastest-growing renewable energy firms with over 2000 MW of operational assets and 3300 MW capacity to be commissioned in two more years to become 5,000 MW renewable... Read more..

Source: Big News Network

Tata Power to install 500 EV charging stations across 5 cities in next one year

Tata Power plans to install 500 Electric Vehicle (EV) charging outlets across five cities over the next one year as the integrated power company readies the ground for the transition to battery-powered vehicles. Tata Power Managing Director and CEO Praveer Sinha told BusinessLine that the charging stations are being installed in Delhi, Mumbai, Bengaluru, Pune and Hyderabad. In Hyderabad, the company is working with fleet owners. Affordability Till date, most EV owners have been charging from their homes or... Read more..

Source: The Hindu - Business Line

T.N. to unveil electric vehicle policy by next month-end

The Tamil Nadu government, which is chalking out an electric vehicle policy to provide infrastructure for vehicles across the State, has prepared a draft and will unveil it before the end of August. The draft provides a slew of incentives to those promoting e-vehicles. Amending the common building rules for provision of charging points in commercial and large residential buildings, fixing a better electric tariff for electric vehicle users and concession in road tax are among the provisions in the draft being... Read more..

Source: The Hindu

Uber, Bengaluru-based Sun Mobility tie-up to offer electric three-wheelers in India in coming months

Ride-hailing company Uber Technologies Inc and Bengaluru-based start-up Sun Mobility said on Wednesday they will partner to offer commuters in India electric auto-rickshaws in the coming months, amid a push by policymakers to encourage the use of cleaner fuels. Uber already allows riders in India to book the ubiquitous three-wheeled vehicles dubbed “autorickshaws” or “autos”. Uber, Bengaluru-based Sun Mobility tie-up to offer electric three-wheelers in India in coming months Sun Mobility, led by Chetan Maini... Read more..

Source: Firstpost

TechM, Mahindra Logistics ink pact for green vehicles

Tech Mahindra has entered into an agreement with Mahindra Logistics (MLL), a third-party logistics solution provider, to introduce electric vehicles for employee transportation. Mahindra Logistics will deploy Mahindra E-Verito vehicles at the former’s Hyderabad campus from today. “Sustainable mobility is the need of the hour. With environment and people at the core of our business, we at Tech Mahindra are committed to drive this shift to electric mobility. We look forward to adding more electric vehicles at... Read more..

Source: The Hindu- Business Line

JSW Energy plans to raise $750 m via bonds; to use funds for expansion, debt repayment

Sajjan Jindal-led JSW Energy plans to raise around $750 million from international bond sale to fund expansion plans as well as to repay some of its existing debt of over ₹10,050 crore. The company has also set a target of achieving 10,000 MW of installed capacity by 2020, a quarter of which will be contributed by renewable energy sources. JSW Energy has sought shareholders’ approval for the fund raising plan and said the proposed $750 million of long-term debt will be raised by selling non-convertible... Read more..

Source: The Hindu - Business Line

Government amends bidding guidelines for wind power projects

In a bid to fast-track wind energy projects, the Centre has made certain amendments to the bidding guidelines for such projects, according to an official statement. The amendments have been made based on the experience of bidding and consultation with various stakeholders, the Ministry of New and Renewable Energy said in a statement on Wednesday. The development assumes significance as the government has set an ambitious target of having 175 GW of clean energy capacity by 2022, including 100 GW solar and 60... Read more..

Source: Energy World - Economic Times

Avaada Energy to set-up 2 GW open access solar power plants in 5 states

Serial entrepreneur Vineet Mittal-led Avaada Energy is in the process of implementing two gigawatt (GW) of open access solar plants in Maharashtra, Tamil Nadu, Haryana, Karnataka, and Odisha, the firm said in an official release on Wednesday. According to the company, the plants were being built for corporates who are looking to optimise their operating costs and meet their energy needs through solar, rooftop and hybrid energy solutions. Avaada Energy had earlier this year raised over Rs 1,000 crore from... Read more..

Source: Energy World - Economic Times

Solar rooftop company ZunRoof enters three new cities

Solar rooftop firm ZunRoof today announced the launch of its operations in three new cities – Chennai, Hyderabad and Kochi – where it will offer solar rooftop solutions to residential consumers and small and medium enterprises. The second phase of expansion takes the firm’s presence to over 50 cities in India. ZunRoof had in April received a pre-series A funding of $1.2 million from Pirojsha Godrej and is planning to expand to over 100 cities across 12 states by the end of the current financial year. The... Read more..

Source: Energy World - Economic Times

Climate Crisis Economics Brings Two Competitors On The Table

Climate change crisis, a common enemy, has bought competitors BYD and Toyota together to strike a deal to develop mutually beneficial battery technologies and vehicles. Recently they have entered into an agreement that will see them partnering on the development of electric vehicle batteries. The batteries lay the foundation for an electrified future for both companies as the agreement includes provisions to partner on the development of sedans and low-floor SUVs as well. The move is the latest in a string of... Read more..

Source: Clean Future

Green energy capacity to multiply 6-fold in 10 years

India’s renewable energy capacity will gallop ahead and multiply almost six-fold in the next decade, while the share of coal-fired plants in the energy mix will fall to 32% from the current 46% as growth in thermal generation will be far slower, the Central Electricity Authority (CEA) has estimated. Total share of non-fossil-fuel plants, which includes solar, wind, hydropower and nuclear, will jump to 65% of the total projected capacity of 831,502 MW from 36.6% of the current installed capacity of 356,817 MW... Read more..

Source: Economic Times

Gujarat tops India in rooftop solar power generation capacity

Gujarat has emerged as the state with the most rooftop solar panels installed. According to data tabled in Rajya Sabha on Tuesday, Gujarat has an installed rooftop solar power capacity of 261.97 MW, against 1,700.54 MW for all of India. Gujarat is followed by Maharashtra (198.52 MW) and Tamil Nadu (151.62 MW) in terms of installed rooftop capacity. According to the data, out of the 261.97 MW installed, 183.51 MW is subsidized. The data was tabled by R K Singh, Union minister of state for new and renewable... Read more..

Source: Energy World - Economic Times

No subsidy on solar power plants above 10 kW

The Chandigarh Renewal Energy, Science and Technology Promotion Society (CREST) has stopped paying subsidy on the installation of solar power plants above 10 kW capacity. Earlier, 30 per cent subsidy was given to all applicants irrespective of the capacity of the plant, but a recent decision of the Union Government is likely to affect the drive to make Chandigarh a model solar city. Abdul Qayum, Additional CEO, CREST, claimed the decision would not affect the drive as the number of cases above 10 kW was not... Read more..

Source: Tribune India