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Sustainability Outlook Headlines

India, China to lead the emerging nations’ green bonds market in 2018

India and China are set to emerge as the leaders in the green bonds market among the emerging nations in 2018, according to Moody's Investors Service. Global green bond issuance will achieve record heights in 2018 with total issuance set to eclipse $250 billion, up over 60 per cent in 2017.

Green bonds are issued for funding of specific projects which have positive environmental and climate benefits. "The... Read more..

Source: Energy World

Tamil Nadu is India’s model for low-cost renewables

New modelling by the Institute for Energy Economics and Financial Analysis (IEEFA) finds the Indian state of Tamil Nadu capable of doubling its wind energy capacity by 2027 and increasing its solar capacity six-fold. In a report published this week—“Electricity Transformation in India: A Case Study of Tamil Nadu”—IEEFA sees Tamil Nadu wind-generation capacity reaching 15 gigawatts (GW) of capacity in less than 10... Read more..

Source: Renew Economy

Delhi-NCR generates 5900 tonnes of medical waste per annum: ASSOCHAM

With a increase in the number of healthcare facilities, Delhi, Gurugram, Faridabad, Noida and Ghaziabad collectively generate over 5900 tonnes medical waste annually, most of which remain untreated and dumped with municipal waste and thus cause serious health and environment hazard, reveals the ASSOCHAM.
According to estimates, Delhi and NCR region alone annually generate bio-medical waste of about 5900 tonnes, in which share of Delhi is roughly around 2200 tonnes. NCR consisting of Noida/Greater Noida... Read more..

Source: Times of India

Toyota-Suzuki to roll out small electric car for mass segment by 2020

The partnership between Japanese carmakers Toyota and Suzuki will roll out a small electric car for the mass segment in India and elsewhere by 2020, an industry executive said. The car is likely to be manufactured at Suzuki's plant in Gujarat, the person told ET on condition of anonymity. 

Japan's largest carmaker Toyota Motor Corporation also plans to electrify 80% of its portfolio by 2022, the person said... Read more..

Source: Energyworld

Brookfield-backed TerraForm bids $1.2 billion for Saeta Yield

 TerraForm Power, controlled by Canada's Brookfield Asset Management, has launched a 995 million euro ($1.2 billion) takeover bid for Spanish renewable energy firm Saeta Yield to expand its presence in Western Europe.

TerraForm is offering 12.20 euros per share for a 100 percent stake in the solar and wind power utility company, Saeta said on Wednesday.

... Read more..

Source: Energyworld

SECI extends deadlines for 500MW residential rooftop solar tender

The deadline for developers to complete their allocations and encash bank guarantees under a 500MW residential and non-profit rooftops solar tender in India has been extended from 31 March to 30 June this year.

One rooftop developer, which had bagged a small amount of capacity under the tender, sent a letter to the procurer, Solar Energy Corporation of India (SECI), requesting a deadline extension up to 31... Read more..

Source: PV Tech

Tamil Nadu has potential to double wind, solar energy, says US-based IEEFA

The US-based Institute for Energy Economics and Financial Analysis (IEEFA), which conducts research and analyses on financial and economic issues related to energy and environment, on Wednesday ridiculed Tamil Nadu’s coal-fired thermal power expansion plans and said the State had the potential to double its wind energy capacity by 2027 and increase its solar capacity six-fold.

The IEEFA has published a... Read more..

Source: The New Indian Express

India Aims To Add 15.6 Gigawatts Of Renewable Energy Capacity In 2018–2019

The Indian Minister of Finance recently announced the budgetary allocation for all ministries and associated target outcomes for the financial year 2018-19 that starts from 1 April 2018.

Finance Minister Arun Jaitley announced an allocation of just over Rs 5,020 crore ($790 million) for the expansion of various renewable energy technologies and other activities of the Ministry of New & Renewable Energy (... Read more..

Source: Clean Technica

JSW Energy Eyes acquisitions after Bina Power deal falls through

 JSW Energy is actively scouting for acquisition opportunities in thermal and renewable energy sectors after terminating its proposed acquisition of the 500 mw Bina Power from Jaiprakash Power Ventures after months of delay in getting necessary approvals from lenders. 

"We are interested in acquisitions. In fact, it's safe to say if there is any opportunity in the space, we are looking at it," JSW Energy... Read more..

Source: Economic Times

India Tests Waters Again With Renewable Energy Storage Tender

After two failed attempts to attract competitive rates for renewable energy storage projects, the Solar Energy Corporation of India (SECI) has issued yet another document to gauge the interest of developers and stakeholders in such a project.

The Solar Energy Corporation of India (SECI) has called for expressions of interest (EoI) from companies for development of a 160 megawatt storage-equipped solar-wind... Read more..

Source: Clean Technica

Government floats tender for 2,000 MW wind power projects

To achieve the target of having 60 gigawatt (GW) of installed wind energy capacity by 2022, the government has invited tenders for 2,000 MW of wind power projects connected to the inter-state transmission system. The Solar Energy Corporation of India (SECI) would sign 25-year power purchase agreements (PPAs) with the winning bidders and sell the power to electricity distribution utilities (discoms). The ceiling tariff has been set at Rs 2.93 per unit.

... Read more..

Source: Indian Express

Largest Single Rooftop Solar Project in Rajasthan Commissioned By Mahindra Susten

As the largest producer of Melange yarn in India, and one of the companies promoted by the KK Birla Group, Sutlej Textiles felt a trustworthy, quality-driven, innovation focus organisation like Mahindra Susten was the obvious choice when they decided to take this step into solar. STIL is a leading manufacturer of value-added synthetic, natural and blended spun yarns, weaving and processing of home furnishing textile products. It has always been an endeavour of STIL not only to produce best quality yarn &... Read more..

Source: Business World

Knorr Bremse India, CleanMax Solar partner for rooftop solar plant

CleanMax Solar, a rooftop solar developer installed a rooftop solar plant for Knorr-Bremse systems for Commercial Vehicles India Pvt Ltd, a manufacturer of braking systems for rail and commercial vehicles.

The solar installation will be at Knorr-Bremse's manufacturing facility in Hinjewadi, Pune, and one of the biggest at any of its facilities globally. This 600 kWp rooftop solar plant is estimated to... Read more..

Source: Energyworld

IDFC Alternatives buys IL&FS’s Madhya Pradesh solar project

IDFC Alternatives, the private equity arm of IDFC Ltd, has bought a 40 megawatt (MW) solar power project in Madhya Pradesh operated by IL&FS Energy, two people aware of the matter said. Vector Green Energy, a company formed by IDFC Alternatives’ India Infrastructure Fund II to house its renewable energy investments, made the acquisition, the people mentioned above said on condition of anonymity. Aditya Aggarwal, partner, IDFC Alternatives, confirmed the transaction.

... Read more..

Source: Live Mint

Pollution near Taj Mahal: NGT seeks Archaeological Survey of India’s response

The National Green Tribunal on Tuesday sought the response of the Archaeological Survey of India (ASI) on a plea alleging that inaction on part of the Taj Trapezium Zone Authority (TTZ) has led to deterioration of air quality, adversely affecting the Taj Mahal.

A bench comprising justice SP Wangdi and expert member SS Garbyal noted that the ASI had not been appearing since inception, when notices were... Read more..

Source: Hindustan Times

Will Buy 2,000 Buses, Launch Plantation Drive To Check Pollution: Kejriwal

The Delhi government will procure 2,000 buses for public transport this year and start a large scale tree plantation drive as part of efforts to reduce air pollution in the national capital, Chief Minister Arvind Kejriwal said.

Interacting with a group of students from Mumbai at his official residence here, the chief minister also said that Delhi and Mumbai are "not in competition" with each other and he... Read more..

Source: NDTV

SECI tenders 70MW solar project in Assam

Solar Energy Corporation of India (SECI) has issued a request for selection (RfP) for a 70MW solar project in Assam, an Indian state that has seen little large-scale PV action to date. The capacity will be tendered on behalf Assam Power Generation Corporation Limited (APCGL) and will be located at the Amguri Solar Park, Sivasagar District on a Build Own Operate (BOO) basis. ... Read more..

Source: PV Tech

Sebi seeks clarification on IPO plans of 5 companies including IREDA

 Markets regulator Sebi has sought clarification from as many as five companies, including Bandhan Bank and Indian Renewable Energy Development Agency (IREDA), regarding their proposed initial public offerings. 

The other companies are Srei Equipment Finance, state- owned RITES Ltd and Mishra Dhatu Nigam Ltd (MIDHANI), as per the latest information with Sebi. 

... Read more..

Source: Energyworld
Subject Tags: IREDA, renewable energy, SEBi

Power Minister RK Singh wants states to cut discom losses

The minister has also asked the states to ensure that cross subsidy of more than 20% is not charged from industrial consumers and introduce differential tariffs for power consumption during peak and non-peak hours.
NEW DELHI: Union power and renewable energy minister RK... Read more..
Source: Economic Times

China solar supplier grows in India to avoid trade controls

One of China's biggest makers of solar panels said Tuesday it will invest $309 million to expand manufacturing in India in a move to guard against what it complained is a rising threat of import controls in the United States and other markets. 

Longi Solar Technology Ltd.'s announcement follows the Trump administration's Jan. 24 decision to impose an extra 30 percent duty on imported solar modules. An Indian... Read more..

Source: Economic Times

Vivaan Solar launches new app as gift to 'Digital India'

Solar PV installation and development company, Vivaan Solar in continuation with its mission to bring innovative solutions on Monday introduced a unique mobile app, 'My Vivaan App'.

A one-of-its-kind attempt to make solar power consumers more delighted and empowered, My Vivaan App can accurately monitor various aspects of solar power plants and deliver the reports and analytics to end users in an easily... Read more..

Source: Energyworld

CLP India eyes transmission assets

CLP India Pvt. Ltd, one of the largest foreign investors in the Indian power sector, is looking at acquisitions to enter the transmission business amid low green energy tariffs that threaten profitability, said two people aware of the development.

This comes at a time when the Indian power sector is undergoing a change with the government’s attempt to improve India’s per capita power consumption of around 1,... Read more..

Source: Live Mint

Green route: 2.3 MWp solar plant for Kochi Metro Rail Ltd

Kochi Metro Rail Ltd on Monday signed a power purchase agreement (PPA) with AMP Solar India Private Ltd under which the latter will supply 2.3 MWp solar power to the agency.  The power generated by the plant will be connected to the power distribution system of KMRL. As per the agreement, AMP Solar India will set up a ground-mounted solar plant on the land available in KMRL’s Muttom depot. The agreement is on condition that KMRL will purchase solar power at the lowest rate quoted by the successful bidder for... Read more..

Source: New Indian Express

E-waste on Ramganga banks: NGT imposes Rs 10 lakh environment compensation on UP government

The National Green Tribunal today imposed an environment compensation of Rs 10 lakh on the Uttar Pradesh government for failing to take action on disposing e-waste from the banks of the Ramganga river in Moradabad. A bench, headed by Acting NGT Chairperson Justice U D Salvi, took exception over the state government’s inaction in the matter and observed that nothing has been done till date. The green panel also imposed an environment compensation on the Moradabad district magistrate. “UP has not placed any... Read more..

Source: Financial Express
Subject Tags: E Waste, NGT

TPDDL launches GPS and RFID technology for quick resolution of faults

Tata Power Delhi Distribution Ltd (TPDDL), the Tata-owned power distributor in Delhi, today announced it has implemented GPS mapping technology and Radio Frequency Identification Detector (RFID) Marker installation for speedy location of faults and their resolution.

The company said this is the first time any power distribution... Read more..

Source: Economic Times