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Sustainability Outlook Headlines

REC commits $1 million to International Solar Alliance

State-run power sector financier Rural Electrification Corporation (REC) today announced its commitment of USD 1 million to International Solar Alliance (ISA). 

"In view of the World Environment Day 2018, REC contributed USD one million to the International Solar Alliance (ISA) becoming a corpus contributor," an... Read more..

Source: The Economic Times

Percentage of highly polluting industries non compliant with green standards has gone up

The percentage of highly polluting industries non compliant with environmental standards increased from 10 to 17 between 2010 and 2014, a government report released today said. 

In 2014, the Central Pollution Control Board (CPCB) identified 3,266 highly polluting industrial units under 17 categories out of which 2,328 are compliant to environmental standards, 571 industries are non compliant, and 367... Read more..

Source: The Economic Times

Ahmedabad 6th among 60 cities in India in plastic waste generation

Amdavadis have a long way to go green and come out from under the shadow of the menacingly rising solid waste mountain Mount Pirana. Ahmedabad Municipal Corporation (AMC) authorities say that of the 3,700-odd metric tonne solid waste generated every day, around 10 to 12% is plastic. 

With a population of 55.77 lakh, data roughly translates to each Amdavadi discarding 78 grams or upwards of 18 plastic bags... Read more..

Source: The Times of India

India's wind energy capacity addition to improve by 3-3.5 GW in 2018-19

India's wind energy capacity addition is set to improve by 3-3.5 Gigawatt (GW) in the current financial year against 1.7 Gw in last fiscal due to the viability of bid tariffs and inter-state connectivity key headwinds for developers, ICRA said in a statement. 

The Ministry of New and Renewable Energy (MNRE) along with the distribution utilities in Gujarat, Maharashtra and Tamil Nadu have awarded wind-power... Read more..

Source: The Economic Times
Subject Tags: MNRE, SECI, Wind Energy

Telangana to replace 4,000 transport vehicles with electric ones: Minister

The Telangana government plans to replace about 4,000 state-run public transport vehicles in Hyderabad, run on diesel, with electric vehicles in a phased manner, state Municipal Administration Minister K T Rama Rao said on Friday.

"As an environment-friendly measure, we are also introducing, we have nearly 3,800 Road Transport Corporation (RTC) vehicles, public transport system, in Hyderabad. We are phasing... Read more..

Source: ET Energyworld

Coca Cola, Infosys and others pledge to beat plastic pollution in India

Several companies like Coca-Cola, Infosys and Hilton among others have pledged on Saturday to address the growing problem of plastic pollution. 

The government is sensitising the issue on the occasion of the World Environment Day on June 5   with the theme 'Beat plastic pollution'. 

"We have pledged to... Read more..

Source: The Economic Times

Ather Energy to to set up 6,500 charging points by 2022, invest Rs 130 cr

Hero MotoCorp-backed electric two-wheeler startup Ather Energy, which will launch its first electric scooter S340 on June 5, has lined up an investment of about Rs 130 crore to set up charging infrastructure in 30 cities by 2022.

After the Bengaluru launch, the company has plans to be present in 12 major cities by 2020 and 30 cities by 2022 with 6,500 charging points, starting with Chennai and Pune,... Read more..

Source: ET Energyworld

Greenko Group buys Orange Renewable at billion-dollar valuation

Greenko Group has agreed to buy Orange Renewable from Singapore’s AT Capital Group at an enterprise value of $1 billion, Greenko Group founder Mahesh Kolli said.

Greenko, backed by sovereign wealth funds GIC Holdings Pte Ltd and Abu Dhabi Investment Authority, will make an equity payout of around $300 million, said Kolli, who is also president and joint managing director of Greenko.

... Read more..

Source: livemint

Environment ministry to have resource efficiency cell, signs MoU with TERI

The Environment Ministry has signed an MoU with TERI for setting up a resource efficiency cell. 

In the run up to the World Environment Day, a number of initiatives were launched by The Energy and Resources Institute (TERI) to help the Ministry of Environment, Forests and Climate Change (MoEFCC) focus on waste management and resource efficiency. 

... Read more..

Source: ET Energyworld

New Delhi railway station wins silver rating for green initiatives

The New Delhi railway station has been declared a “green station” after being awarded a “silver” rating by the Indian Green Building Council. It is also the first one to be classified “green” in the northern railways network, officials said.

The station scored 64 out of 100 for its environment-friendly initiative like solar panels, 100% LED lights, solar geysers, green drives, waste management and water... Read more..

Source: ET Energyworld

Haryana plans to get power and fertiliser from waste

In a bid to meet the national sanitation mission, the Haryana government has hired a private company for segregation, disposal and generation of electricity and fertilisers at the Bandhwari solid waste treatment plant.

The plant has been shutdown for the last four years, leading to serious health problems cropping up in 15 villages around it.

... Read more..

Source: India Today

Solar trees rooted in Sector III, Kolkata

Salt Lake got its first Sourasree, the solar tree, last Friday when state power minister Sovandeb Chatterjee inaugurated two such structures on the open roadside space in front of the office of the West Bengal Power Development Corporation located in LA Block of Sector III. The building already generates 40 kilowatt solar on its roof.

State power secretary Sunil Gupta and chairman cum managing director... Read more..

Source: The Telegraph

Tata Power partners with Tata Motors to make Maharashtra EV ready

Tata Power today said it has partnered with Tata Motors to make Maharashtra EV ready and to establish electric vehicle charging stations in the state for public use.

Tata Motors has signed a memorandum of understanding (MoU) with the state to support the Maharashtra Electric Vehicle Policy (2018) in accelerating the adoption of electric vehicles (EV), Tata Power said in a statement.

... Read more..

Source: ET Energyworld

Azure Power secures USD-135m financing for rooftop solar in India

Indian solar power producer Azure Power (NYSE:AZRE) has signed an agreement for a USD-135-million (EUR 115.5m) solar rooftop debt financing, it announced today.

The International Finance Corporation (IFC) led the line of credit, attracting the participation of Dutch development bank FMO and the French development finance institution Proparco, as well as the development bank of Austria, namely... Read more..

Source: RenewablesNow

Power exchange IEX today said - Total of 7.18 lakh renewable energy certificates (RECs) traded in May.

"In the trading session held on May 30 2018, the Indian Energy Exchange (IEX) saw total trade of 7.18 lakh RECs comprising 3.24 lakh non-solar and 3.94 lakh solar RECs," it said in a statement. 

Power distribution companies as well as open access and captive consumers are under obligation to buy RECs from renewable energy producers under renewable purchase obligation (RPO) mandated by central/state... Read more..

Source: ET Energyworld

World Bank | $300m loan to accelerate energy efficiency in India

The Indian government has secured $300 million in World Bank funding to scale up an energy efficiency programme.

The World Bank has approved a $220 million loan and a $80 million guarantee for use by Energy Efficiency Services Limited (EESL), an energy service company of the Government of India.

EESL will... Read more..

Source: ESI-Africa

Atlas Copco launches “Smart Connected Assembly” supporting the vision of Industry 4.0

Atlas Copco’s contribution to Industry 4.0: the digitalization of manufacturing and assembly is called “Smart Connected Assembly”. The Indian customers are increasingly demanding high quality products and new technologies, which will offer flexibility, data analytics, ergonomics and energy efficiency – in summary, a competitive advantage. Smart Connected Assembly will address these new challenges, trends and needs by offering a whole new level of technological solutions.

... Read more..

Source: Indian textile magazine

India won’t levy duty on solar gear imports

The government has decided not to impose safeguards duty on solar equipment from China and Malaysia, overruling the directorate general of safeguards’ recommendation of a 70% levy that had delighted local manufacturers but alarmed developers who felt that the steep rise in input costs would make projects unviable. 

The Delhi High Court disposed of a petition challenging the proposed duty after the government... Read more..

Source: The Economic Times

Bangalore Electricity Supply Company hopes to generate solar power to meet Bengaluru's rising demand

No amount of energy is sufficient for a burgeoning city like Bengaluru that guzzles more than 50 per cent of generated power in Karnataka. From facing worst power crisis in the past, Bengaluru, of late, is currently buoyed by surplus power since the commissioning of world’s largest solar plant in Pavagada. 

But how long will it last? 

... Read more..

Source: ET Energyworld

Andaman and Nicobar Islands, 5 states meet RPO compliance target

The Andaman and Nicobar Islands is the only Union territory which fulfilled the renewable purchase obligations (RPO) obligation set up by the Union Energy Ministry. Ministry of New and Renewable Energy (MNRE) has created a compliance cell to ensure all states adhere to the RPO targets defined by the goverment till 2022. Besides the Andaman and Nicobar Islands, only five states had been able to adhere to the RPO obligation. These states are Karnataka, Himachal Pradesh, Andhra Pradesh, Nagaland and Meghalaya.... Read more..

Source: The Echo of India

Allow power tariff hike to pass-through environment norms cost: Govt

Coal-based thermal power plants' tariff will rise in coming days because the government has decided to allow pass-through of cost incurred by them for meeting environment norms notified by the environment ministry in December 2015. 

"To ensure timely implementation of new environment norms, the central government has decided that the additional cost implication due to installation or upgradation of various... Read more..

Source: ET Energyworld

Tata Power to provide entire village with universal rooftop PV installation in Gujarat

Indian integrated power company Tata Power has signed off on a partnership with Coastal Gujarat Power Ltd (CGPL) to develop a universal rooftop solar installation for the entire village of Tunda in the Indian state of Gujarat.

The project, which targets 100% of the households in the region, will give individual household rooftops PV installations that will be connected to the grid without needing a battery... Read more..

Source: PV-Tech

ReNew to retire debt, build M&A warchest with proceeds from planned IPO

India’s largest renewable power company, ReNew Power, aims to deploy the funds through a planned initial public offering (IPO) of its equity on acquisition and to diversify into allied sectors.

Borrowing cost had spiked to Rs 8.3 billion during FY17, against Rs 5.3 billion in FY16. As on December 31, total borrowing was Rs 151 billion.

... Read more..

Source: Business Standard

Tirupur Corporation to produce vehicle fuel from municipal waste

 

The City Corporation of Tirupur in Tamil Nadu has signed a Memorandum of Understanding (MoU) with the Central Leather Research Institute (CSIR-CLRI), Chennai.

It is aimed to set up a plant to produce bio-compressed natural gas from municipal solid waste. The project called ‘Waste into Wheels’ will use methane as an alternative for vehicle fuel instead of generating electricity.

... Read more..
Source: ELETS Online

SoftBank Group's SB Energy, IL&FS to partner for solar parks in India

IL&FS Energy and SoftBank group's SB Energy will form a partnership to develop grid connect solar parks of about 20 gigawatts (GW) in India, IL&FS said in a statement on Monday.

"IL&FS Energy, a subsidiary of IL&FS has partnered with SB Energy (with investments from SoftBank Group International), to jointly develop grid-connected solar parks. These parks will be developed across various... Read more..

Source: Business Standard