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Sustainability Outlook Headlines

Adarin builds hybrid drivetrains for cars

These days, carmakers are driving through tough terrain to comply with India’s Bharat Stage VI (BSVI) emission rules, which kick in from next year. Several auto makers say hybrid drivetrains will help stem compliance costs, but are wary about investing in a technology that could be eclipsed by zero-emission electric vehicles, which may become ubiquitous as early as 2030. ... Read more..

Source: Economic Times

Statkraft, Actis eye Equis’ Indian hydroelectric assets

Norwegian state-owned power company Statkraft AS and global private equity (PE) fund Actis Llp are separately looking to acquire the Indian hydroelectric assets of Singapore’s Equis Pte. Ltd, valued at around ₹2,700 crore, said one person aware of the development, requesting anonymity. Equis-owned Hydreq owns and operates two hydroelectric plants in Sikkim, which produce a combined 220 megawatts (MW).... Read more..

Source: Livemint

MNRE Seeks Views on Draft Specifications & Testing Procedure for Universal Solar Pump Controller

The MNRE has proposed to consider the use of USPC to increase the utility of solar PV system installed for solar water pumps. Therefore, it has formulated the draft specifications and testing procedure for USPC.

After inviting suggestions on draft guidelines for lab testing of storage batteries and inverters, the Ministry of New & Renewable Energy (MNRE) has now sought views from stakeholders on draft... Read more..

Source: Saur Energy International

India needs policy on solar waste management, manufacturing standards: Report

The government needs to bring out a policy on solar module waste management and standards for use of material for manufacturing, according to consultancy Bridge To India on Thursday.

"There is an urgent need to formulate appropriate quality standards for use of environmentally sustainable materials in manufacturing of modules. This will help in minimising potentially hazardous end-of-life module waste in... Read more..

Source: ETEnergyWorld

Electric vehicles sold through 2030 can save 474 mt oil: NITI Aayog

Electric Vehicles (EVs) sold in India through 2030 can save 474 million tonne of oil equivalent, worth Rs 15.2 lakh crore over their lifetime, according to a recent report by NITI Aayog and Rocky Mountain Institute (RMI).

“This would result in net reduction of 14 Exajoules of energy and 846 mt of CO2 emissions over the deployed vehicles’ lifetime,” the report titled India's Electric Mobility Transformation:... Read more..

Source: ETEnergyWorld

ReNew Power, NTPC eye PTC India's wind power business

ReNew Power Ltd, India’s largest clean energy company, and state-run power utility NTPC Ltd have shown interest in the ongoing sale process of PTC India Ltd.’s wind power business, said two people aware of the development, requesting anonymity.

“ReNew Power and NTPC have been involved in talks with the company for the last few weeks and the two are expected to soon submit binding bids for acquiring the... Read more..

Source: Livemint

Globally, four million kids develop asthma annually due to traffic-related pollution, India stands second

About four million children, globally, develop asthma annually because of inhaling nitrogen dioxide air pollution, a recent study has revealed. According to the study, the largest burdens related to air pollution was found in China followed by India.

The study published in the journal Lancet Planetary Health is based on data from 2010 to 2015, estimated that 64 per cent of these new cases of asthma occurs in urban areas.

The study is the first to quantify the worldwide burden of new pediatric asthma cases linked to traffic-related nitrogen dioxide by using a method that takes... Read more..

Source: ANI News

Hindustan Coca-Cola Beverages Factory at Sanand Gujarat Is Now a Gold Certified Green Building

HCCB (Hindustan Coca-Cola Beverages Pvt Ltd) – one of India’s largest FMCG companies – today announced that the Indian Green Building Council (IGBC) has awarded the Gold certificate to its newest factory at Sanand, Gujarat. The factory - a fully digital and world-class facility, became operational in mid-2018. The Sanand factory is only 1 of 9 Gold certified Green Buildings (Factories) amongst the FMCG / Food industrial facilities in India. It is also the only factory run by HCCB, which employs more than 40%... Read more..

Source: The Week

Fourth Partner Energy sets up 3,000 KW solar projects in Telangana

Distributed solar rooftop company Fourth Partner Energyannounced commissioning of eight solar power projects with a capacity of 3,116 Kilo Watt (KW) in Telangana.

The projects have been set up under the 1,000 Mw grid-connected roof-top solar PV system scheme of Solar Energy Corporation of India(SECI).

The... Read more..

Source: ETEnergyWorld

Lower capacity utilisation hits wind turbine manufacturers

The less-than-anticipated demand for wind turbines in the country has resulted in capacity under-utilisation and has badly hitwind energy equipment manufacturers in the country.

According to data compiled by the Indian Wind Turbine Manufacturers Association, the country has the ability to produce equipment for adding 10,000 MW of wind power generation capacity every year. Comparably, 1,700 MW of wind power... Read more..

Source: Hindu BusinessLine

Sales of scooters slip for first time in 13 years, PV segment sees slowest pace in 5 years

Indians, it seems, are slowly losing their love for cars and scooters, with the sales of scooters slipping into red for the first time in 13 years, and passenger vehicles growing at the slowest pace in the last five years.

Jobs strain and growing pains in rural and semi-urban India have also started to adversely affect the auto industry.

... Read more..

Source: The Economic Times
Subject Tags: e-scooter, India, smart mobility

Electric Vehicles body seeks to delink localisation from subsidy incentives

The Society of Manufacturers of Electric Vehicles (SMEV) on Tuesday urged the project implementation and sanctioning committee (PISC) to delink localisation and ex-showroom prices of e-bikes from subsidy under the FAME-II scheme.

In a letter to the committee, which is likely to hold its first meeting in the national capital this week, the SMEV has also recommended enhancing per KwHr subsidy to Rs 20,000 from... Read more..

Source: ETAuto
Subject Tags: EV subsidy, FAME II, India, SMEV

India’s top 9 states by installed wind power capacity

India is at the cusp of a renewable energy revolution. The government has already set an ambitious target to achieve 175 gigawatt (GW) of renewable energy capacity by 2022. Keeping the target in mind, states have already started ramping up their installed solar and wind powered capacity. Here, ETEnergyWorld takes a look at top 9 states by installed wind power capacity.

1.Tamil Nadu

... Read more..

Source: ETEnergyWorld

ReNew Power commissions 300 MW solar plant in Karnataka

ReNew Power on Wednesday announced commissioning of its 300 MW solar plant at Pavagada Solar Park in Tumkur district of Karnataka. This is ReNew Power's largest solar plant commissioned in terms of capacity till date and will help mitigate 0.6 million tonne of CO2 emission per year, a company statement said.

ReNew has a solar portfolio of nearly 3 GW across India, including both commissioned and projects... Read more..

Source: ETEnergyWorld

Avaada Energy raises ₹1,000 crore from ADB, Germany’s DEG and Netherlands' FMO

Vineet Mittal-promoted Avaada Energy Pvt Ltd has raised ₹1,000 crore from investors such as the Asian Development Bank, Germany’s Deutsche Entwicklungs- und Investitionsgesellschaft (DEG), Dutch development bank Netherlands Development Finance Company (FMO), Avaada Group said in a statement on Tuesday.

The equity raised is for financing Avaada Energy’s 2.4 giga watt (GW) renewable energy portfolio. Avaada... Read more..

Source: Livemint

Renewable energy sector attracts FDI worth $7.48 billion since April 2000

According to a report by the India Brand Equity Foundation (IBEF), the country's renewable energy sector attracted foreign direct investments (FDI) worth $7.48 billion between April 2000 and December 2018.

The IBEF report pegs new investments in clean energy space worth $11.1 billion in calendar 2018, sourcing data from the Ministry of New & Renewable Energy (MNRE) and leading consultancy KPMG.... Read more..

Source: Business Standard
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IMC’s First: Green Masala Bonds To Fund Solar Plant

Indore Municipal Corporation (IMC) is contemplating on releasing Green Masala Bonds to raise funds for a mega solar power plant project mooted to reduce its monthly power consumption.

The corporation aims to raise Rs 450 crore through rupee denominated bonds or Masala Bonds for the project. A high-level meeting was also held in Bhopal on Monday to finalize a decision.

... Read more..

Source: ETEnergyWorld
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Essel Infra puts EV plans on hold as debt resolution gets priority

 

Subhash Chandra-led Essel Infraprojects Ltd has halted plans to build electric vehicles, and is looking to first reduce its debt of ₹11,466 crore, said three people directly aware of the development, requesting anonymity.

Last year, Essel Infra had announced investments of ₹3,500 crore to develop electric vehicles, including electric buses and three-wheelers, besides setting up related... Read more..

Source: Livemint

Climate Action Offers An Exciting $6 Trillion Business Opportunity

Jawahar Vadivelu, the Outgoing Presidentof ICC India, (International Chamber of Commerce, India) noted that the ICC has been at the forefront of driving home the message that climate action is not merely a box to tick for being socially responsible but... Read more..

Source: Business Standard

Finally, both BJP and Congress manifestos talk climate change

2019 is the first time that climate change has featured in the manifestoes of India’s two major political parties, the Indian National Congress (INC) and Bharatiya Janta Party (BJP).

The BJP, which released its manifesto on April 8, 2019, has not only underlined the issue of climate change but also the effort it has been making to tackle the challenges related to it.

... Read more..

Source: Down To Earth

Not the change we want

The multiple crises that confront humanity today, whether these relate to climate change, environmental degradation, social and economic inequality, or declining water, food and energy security, require a civilisational response. Why civilisational? Because the crises besetting humanity are integrally linked to and are symptoms of a deeper malaise embedded in our way of life, our value system, our understanding of the past and our aspirations for the future. Dealing with each crisis, as if it were a singular... Read more..

Source: Tribune India

Employment, environment burning issue in cool Nilgiris in Tamil Nadu

Mention of the Nilgiris evokes thoughts of cool climate, wildlife and greenery. Reality, however, is one of environmental pollution,... Read more..
Source: New India Express

Paper & Plastic Packaging Industry Rides on E-Commerce Boom

The industry’s valuation looks cheap now. On the basis of trailing 12-month EV/EBITDA ratio, we see that the industry is currently trading at 11.4 compared with Industrial Products sector’s EV/EBITDA of 14.2.
 
Investors keen on the Containers - Paper And Packaging industry may consider... Read more..

Source: Yahoo finance

New island rules make green activists worried

The union environment ministry has notified island protection zone (IPZ) 2019 for Andaman and Nicobar, which allows eco-tourism projects 20 metres from the high tide line (HTL) in smaller islands like Baratang, Havelock and Car Nicobar, and at 50 metres in larger ones, and relaxed other norms, triggering concern among some green activists.

The notification, published on March 8, relaxes development norms in the islands compared to the IPZ notification of 2011, which stipulated a no-development zone (NDZ) of 200 metres from the HTL for all islands.

This brings the norms for... Read more..

Source: The Hindustan Times

More than 11 million face eviction, displacement as India booms

Last year alone, authorities demolished at least 114 houses every day, evicting about 23 people every hour, according to HLRN’s report published Tuesday in New Delhi. Slum clearance and city “beautification” drives accounted for nearly half the evictions, while infrastructure and development projects, and forest protection made up a fourth each, it said. ... Read more..

Source: Eco Business