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Sustainability Outlook Headlines
Amazon now has solar panels on over 50 fulfillment centers, ahead of 2020 targetAs 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.. |
Government amends bidding guidelines for wind power projectsIn 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.. |
Avaada Energy to set-up 2 GW open access solar power plants in 5 statesSerial 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.. |
Immediate need to frame policy for river basin management, treated wastewater reuseNational 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.. |
Global solar installations to reach record high this year - researchNew 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.. |
Kinetic Engineering eyeing partnership for battery and motor manufacturingKinetic 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.. |
AGEL plans to add 800 MW of renewable energy projectsAdani 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.. |
Tata Power to install 500 EV charging stations across 5 cities in next one yearTata 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.. |
T.N. to unveil electric vehicle policy by next month-endThe 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.. |
Uber, Bengaluru-based Sun Mobility tie-up to offer electric three-wheelers in India in coming monthsRide-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.. |
TechM, Mahindra Logistics ink pact for green vehiclesTech 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.. |
JSW Energy plans to raise $750 m via bonds; to use funds for expansion, debt repaymentSajjan 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.. |
Green energy capacity to multiply 6-fold in 10 yearsIndia’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.. |
Gujarat tops India in rooftop solar power generation capacityGujarat 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.. |
No subsidy on solar power plants above 10 kWThe 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.. |
Hyderabad-based Cellestial E-Mobility developing Electric TractorsCellestial E-Mobility, a Hyderabad based start-up, is set to tap into the promising current generation E-Vehicles market. The company is developing Electric Tractors with a long battery life. It is set to showcase a prototype soon. The company launched its business operations in May after it received an initial funding of $200,000. The first round of investment has come from Angel Investor, Meka Sudhakar Reddy , a Singapore based NRI with over 18 years of expertise in Logistics Spacing. “We are readying to... Read more.. |
Flipkart rolls out nation-wide electric mobility vision for EkartIndia's largest e-commerce marketplace, Flipkart today announced nation-wide plans to introduce Electric Vehicles (EVs) for its last mile deliveries. The announcement comes as a part of Flipkarts sustainability commitment as it aims to reinvigorate efforts towards building technologies for solving crucial environment and civic issues. As the homegrown e-commerce leader in India, the Flipkart Group takes a very proactive and holistic view in conducting its business responsibly, including all aspects of... Read more.. |
Solar rooftop company ZunRoof enters three new citiesSolar 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.. |
Climate Crisis Economics Brings Two Competitors On The TableClimate 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.. |
India Renewables Capacity On Track to Overshoot Paris Target by 60%India is on track to overshoot a key Paris Agreement target by nearly 60% by obtaining close to two-thirds of its installed electricity capacity from renewable sources by 2030, according to a new report from the country’s Central Electricity Authority (CEA). The 63% share of capacity from renewables would translate into 44% of the country’s actual power generation, the Institute for Energy Economics and Financial Analysis (IEEFA) reports. While the CEA’s analysis does make “a base forecast for thermal power... Read more.. |
India: Renewable Energy Dominates 1st Half Of 2019 With 58% Share In New CapacityRenewable energy technologies, especially wind and solar power, continued to lead all other technologies in new capacity added in the first half of 2019. In the first half of this year, solar power technology had the largest contribution towards the new power generation capacity added in India. Of the 7.8 gigawatts of new capacity added between January and June 2019, 3.5 gigawatts came in the form of solar power projects. CleanTechnica Research took a closer look at the contribution of various power... Read more.. |
India's Green Energy Investment surpassed Thermal Power, pegged at over $20 billionBoosting India’s green economy, investments in the country’s renewable energy sector doubled over the last five years to around $20 billion in 2018, surpassing the capital expenditure in the thermal power sector, reports a study. The joint study commissioned by Paris-based International Energy Agency (IEA) and Council on Energy, Environment and Water (CEEW) said “reduced risk perception of financiers funding renewable energy projects in India resulted in investments in the sector doubling over the last five... Read more.. |
Oil India To Set Up 100 MW Of Solar Projects Under CPSU ProgramOil India Limited (OIL), a Navaratna enterprise, has invited prospective bidders to develop 100 MW (AC) of solar project capacity anywhere in India. The projects will be tendered under the second phase of the central government’s CPSU program. The CPSU program was proposed by the Ministry of New & Renewable Energy (MNRE). Under this, the government producers will get four years: 2019-2020 to 2022-23, to set up 12,000 MW of solar power projects across the country. Under the program, the usage charges... Read more.. |
Green Finance and Green Business Get New Knowledge PlatformsA global partnership of some of the world’s largest organizations today launched two new knowledge platforms – the Green Industry Platform and the Green Finance Platform – at the High-level Political Forum for Sustainable Development in New York. The Above mentioned These platforms provide the financial and private sectors with the latest research, data, guidance, and tools from leading experts and institutions to help green their operations. The need for practical and targeted knowledge to support the... Read more.. |
Pragmatic policy likely on electric two-wheelers in a few months: TVS MotorTVS Motor Company Chairman and Mananging Director Venu Srinivasan hopes to see a sensible policy in a few months from the cental government on electric two-wheelers. He says the industry has been in talks with the government on the NITI Aayog proposal for a switch in this regard by 2025. Srinivasan indicated to his shareholders on Monday that the proposed timeline seemed over-optimistic. Hybrid vehicles could be a better option for now, he said, adding that TVS would be offering an electric two-wheeler in the... Read more.. |