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Sustainability Outlook Headlines

ADB approves $500 mn for Tamil Nadu water supply, sewerage, drainage infrastructure

The board of directors of the Asian Development Bank (ADB) has approved financing of up to $500 million for a multi-tranche financing facility (MFF) that will develop climate-resilient water supply, sewerage, and drainage infrastructure in at least 10 cities in Tamil Nadu. The country's first solar-powered sewage treatment plant on a pilot basis will also be part of the programme.

With almost half of the... Read more..

Source: Business Standard

Reverse bidding in renewable energy sector to continue

The government will not accept any unreasonable bids for renewables like solar and wind and continue to conduct auctions via reverse bidding as it is transparent, Union Minister R K Singh said Tuesday. 

The statement assumes significance as the renewable energy ministry has planned to auction 61 GW of renewables capacity in 2018-19 and 56 GW in 2019-20. 

... Read more..

Source: ET Energyworld

Triton to set up solar battery plant in Andhra Pradesh

US-based Triton Solar Company has agreed to set up a solar batteries manufacturing plant in Andhra Pradesh under public-private-partnership (PPP) model and has signed a memorandum of understanding with the Andhra Pradesh Economic Development Board. The plant will help for conversion of electrical vehicles and secure 200 Megawatt of solar power storage supply to meet the state solar energy needs. 

In a... Read more..

Source: The Economic Times

NIT Goa to be India’s 1st fully solar-powered technical institute

The National Institute of Technology (NIT), Goa, has received funding of Rs 497 crore from the Union human resource development (HRD) ministry for construction of the first phase of its permanent campus at Cuncolim. Once ready, the institute will be the first technical institute in India to be fully solar-powered, NIT Goa director Gopal Mugeraya said. 

The construction work is slated to begin in October with... Read more..

Source: ET Energyworld

ABB launches economical charging solution for electric vehicles in India

ABB extends its portfolio of charging solutions which provides a high quality, cost-effective electric car charging point for private and business use, the company said. The new AC wallbox portfolio comprised 52 different types in total. The latest addition further strengthens ABB’s portfolio of smarter building solutions from lighting to heating, music, security and car charging.
Easy to fit and with a compact design of 50 by 25 cm2, the wallbox can be installed at homes or offices. It is... Read more..

Source: Zee Business

PAT-1 cycle exceeds its energy saving targets by 30%

The first cycle of the Perform Achieve and Trade (PAT) scheme has exceeded it’s goals and resulted in a saving of ₹ 9,500 crore to participating industries.

Speaking at an event to report the savings accrued under the first cycle, Minister for Power and Renewable Energy, R K Singh said that PAT-1 has overshot it’s targeted energy savings by 30 per cent.

... Read more..

Source: The Hindu BusinessLine

Cochin Smart Mission signs pact with BHEL for solar power project

 Cochin Smart Mission Ltd (CSML) has entered into an agreement with Bharat Heavy Electrical Ltd (BHEL) for installation of rooftop solar system for select government buildings. 

Installation of solar panels is one of the projects under Smart City Mission with a project cost of Rs 5.7 crore. BHEL is expected to complete the work in six months and there would be an annual maintenance contract for five years.... Read more..

Source: ET Energyworld

First hybrid energy project using wind-solar power to be commissioned in Goa

While renewable energy generation in Goa is currently limited to solar power, the first hybrid energy project using wind and solar power is ready for commissioning at Verna industrial estate.

On Monday officials of Revayu Energy, a Haryana based , company, said that installation of a hybrid (wind and solar) pilot project of capacity 4 kw is complete at GCCI premises, Verna, and  will soon start supplying... Read more..

Source: The Navhind Times

Hindustan Shipyard Limited inaugurates Largest Rooftop Solar Plant in AP with CleanMax Solar

CleanMax Solar, India’s largest rooftop solar developer, had commissioned this 2 MWp rooftop solar plant for Hindustan Shipyard Ltd (HSL) at Visakhapatnam on 27th August 2018. This project was inaugurated on 21st September, 2018 in the presence of RAdm L.V. Sarat Babu, Chairman and Managing Director, Hindustan Shipyard and Mr. Umakant Shende, COO, CleanMax Solar.

The solar plant, now the largest rooftop... Read more..

Source: Energetica

Acme commissions 200 MW solar plant at Bhadla in Rajasthan

Independent power producer Acme Friday said it has commissioned its 200 megawatt (mw) solar power plant at Bhadla in Rajasthan.

With the commissioning of the Bhadla solar park, it's total operating capacity in solar power now stands at 2,400 mw and the company's total portfolio of solar projects stands at over 5,500 mw making it the largest solar power portfolio in the country, Acme said in a statement.... Read more..

Source: Business Standard

NHPC to develop 40 MW solar power project in Odisha for Rs 1.96 billion

Hydropower generation company NHPC Ltd will put up a 40-Mw solar plant in Odisha with an investment of about Rs 1.96 billion.

"The state technical committee, under the chairmanship of the secretary of the energy department, has approved the proposal of NHPC," said a government source.
The solar power project will come up on about 180 acres of land in the Ganjam district and NHPC is impressing upon the... Read more..

Source: Business Standard

West Bengal to commission floating solar power plants next year

The West Bengal government is the process of commissioning floating solar power plants by next year, state minister for power and non-renewable energy Sobhandev Chattterjee said.

The two plants would come up at Sagardighi and Mukutmanipur with generating capacities of five MW and 100 MW respectively.

... Read more..

Source: ET Energyworld

Taiwan takes India to WTO’s safeguard committee on solar duty

Taiwan has sought consultations with India under the WTO’s safeguard agreement against New Delhi’s decision to impose import duty on solar cells, the global trade body said.

The consultations, however, do not fall under WTO’s dispute settlement system.

India had imposed safeguard duty of up to 25% on solar... Read more..

Source: Livemint

World Bank to extend $30 billion assistance to India for development through 2022

The World Bank Group today announced it expects to extend assistance in a range between $25 billion and $30 billion to India over five years through 2022 to support its transition to a higher middle-income country by addressing key development priorities including resource efficient and inclusive growth, job creation and building human capital.

The Bank’s Board of Executive Directors today endorsed a new... Read more..

Source: ET Energyworld

Bombay High Court directs regulator to consult wind developers on wind zones dispute

The Bombay High Court has thrown the ball back at Maharashtra’s power regulator and the state electricity distributor in their dispute with developers over the reclassification of wind zones.

Following a petition filed by Hero Wind Energy challenging an order passed by the Maharashtra Electricity Regulatory Commission on the matter in July, the court directed the Maharashtra State Electricity Distribution Co... Read more..

Source: ET Energyworld

Government may ask RBI to classify renewable energy projects under priority sector lending

The Ministry of New and Renewable Energy (MNRE) is expected to write to RBI, seeking to bring renewable energy projects under priority sector lending, senior officials said. 

This comes as stress in the conventional power sector is reflecting negatively on the renewable energy sector, and project developers raise concerns around bankers being reluctant to fund renewable energy projects. 

... Read more..
Source: The Economic Times

Tamil Nadu Energy Development Agency to install 1 lakh solar farm pumps

Tamil Nadu Energy Development Agency (TEDA), the nodal agency for renewable energy in the State, has envisaged an ambitious plan to roll out one lakh grid-connected solar powered agriculture pumps at a project cost of ₹13,500 crore.

The project aims to incentivise farmers generating solar power and help them earn additional income by selling excess power to the grid. The other aim of the project is to reduce... Read more..

Source: The Hindu

ADB Sells $750 Million 10-Year Global Green Bond to Support Climate Change Mitigation, Adaptation in Asia and Pacific

The Asian Development Bank (ADB) has raised $750 million to help finance climate change mitigation and adaptation projects with an issue of a 10-year green bond.

“Our green bonds issued so far in 2018 have been incredibly diverse with transactions printed across currencies such as euros, Hong Kong dollars, and Swedish krona while attracting new investors to ADB’s offerings,” said ADB Treasurer Mr. Pierre Van... Read more..

Source: Asian Development Bank

Allianz Tech launches electric vehicles for Kerala staff

Allianz Technology India has introduced five electric vehicles to their employee cab fleet of over 90 cars at Technopark in Thiruvananthapuram.

Allianz Technology India is a branch of the Munich-based Allianz Technology SE with over 5,000 employees across offices in Technopark here and the Eon IT Park in Pune.

... Read more..

Source: The Hindu Business Line

Coca-Cola, Walmart to cut plastic pollution in oceans

Coca-Cola, Walmart and other big multinationals pledged on Thursday to help reduce plastic pollution in the world's oceans in support of a campaign by five of the G7 industrialized nations.

Britain, Canada, France, Germany and Italy, along with the European Union, signed the Ocean Plastics Charter at a leaders summit in Canada's Charlevoix region in June. 

... Read more..

Source: The Economic Times Retail

Macquarie eyeing Goldman Sachs’ ReNew Power stake

Macquarie Group is among investors who have evinced interest in buying a significant stake from Goldman Sachs Group Inc. in Sumant Sinha-founded ReNew Power Ventures Pvt. Ltd, said two people aware of the development. “Goldman Sachs is interested in divesting some stake in ReNew Power. Some investors, including Macquarie, are looking at it,” said one of the two people cited above, requesting anonymity. Another person, who also did not want to be named, confirmed the development. Spokespeople for Goldman Sachs... Read more..

Source: Livemint

SBI to raise $500 million in maiden green bond sale

The country's largest lender State Bank is in the international bond market to raise nearly $500 million in green bonds, making it the maiden issuance for the lender. 

The tenor of the bonds is expected to be five years and the notes are to be issued by the bank's London branch. 

With this issue SBI will... Read more..

Source: ET Energyworld

India contributes USD 1 million to UN's ambitious solar project

India has contributed a whopping USD 1 million for the installation of solar panels on the roof of the imposing UN building at the world body's headquarters here.

The contribution will help reduce carbon footprint and promote sustainable energy, India's Permanent Representative to the UN Ambassador Syed Akbaruddin said in a tweet.

... Read more..

Source: The New Indian Express

Impose 50% solar tariff as penalty for not buying power: Developers to MNRE

Solar power developers have urged the power ministry to impose 50 per cent tariff penalty on distribution companies that are not buying clean power despite their purchase agreements, sources said. 

At a meeting of stakeholders called by the Ministry of New and Renewable Energy (MNRE) Wednesday, solar power developers proposed that discoms should be penalised 50 per cent of the agreed tariff for the part of... Read more..

Source: ET Energyworld

SBI to go green! 10,000 ATMs to run on solar power in next two years

In line with the Modi government's push to reduce carbon footprints, India's largest public sector lender has said it plans to install solar panels on around 10,000 of its ATMs in the next two years. The bank also plans to replace its huge fleet of vehicles with electric ones across India by 2030. The bank has already installed solar panels on as many as 1,200 ATMs. The lender has also covered 150 of its buildings with rooftop solar panels and also plans to increase the number to 250 buildings by 2020.... Read more..

Source: Business Today