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Sustainability Outlook Headlines

Greenko to invest around $1 billion in new battery storage business

New Delhi: Greenko Energy Holdings aims to invest around $1 billion in a new battery storage business that also includes a plan to produce lithium-ion batteries in India for power grid-scale applications and electric vehicles (EV), said a person aware of the development. The fresh capital for renewables 3.0 investment will be deployed by the Hyderabad-based company to acquire and develop lithium-ion battery technology, and for its manufacturing and application playbook. This comes against the backdrop of the single-largest foreign clean energy investment announcement in India made by Japan... Read more..

Source: Live Mint
Subject Tags: Greenko, India

Power engineers' body writes to MPs against Centre's Bill

Mathura: A national power engineers' organisation has urged all political parties to block the passage of the Electricity Amendment Bill, 2020 in Parliament in the current, according to an officer-bearer of the UP unit of the body. V P Singh, president of the UP Rajya Vidyut Abhiyant Sangh, here on Sunday said their national body All-India Power Engineers' Federation has written to all MPs of both houses of Parliament, urging them to press for sending the Bill to the standing committee on energy. "For a detailed discussion with stakeholders, the ministry of power may be requested to... Read more..

Source: ET Energy World
Subject Tags:

Telangana govt to provide preferential market access for EV companies

The government of Telangana will provide preferential market access for electric vehicle (EV) companies setting up manufacturing units in the state. EV companies will get preferential market access to establish their manufacturing plants in the state. Telangana’s new Electric Vehicle and Energy Storage Solutions Policy will help to promote the usage of EVs and attract investors in the green mobility sector by offering various incentives. The state government has developed charging infrastructure to meet future demand.

Source: Manufacturing Today
Subject Tags: EV, India

Fossil fuel demand to take historic knock amid COVID-19 scars: BP

LONDON: Fossil fuel consumption is set to shrink for the first time in modern history as climate policies boost renewable energy while the coronavirus epidemic leaves a lasting effect on global energy demand, BP said in a forecast. BP's 2020 benchmark Energy Outlook underpins Chief Executive Bernard Looney's new strategy to "reinvent" the 111-year old oil and gas company by shifting renewables and power. London-based BP expects global economic activity to only partially recover from the epidemic over the next few years as travel restrictions ease. But some "scarring effects" such as work... Read more..

Source: ET Energy World
Subject Tags: fossil fuels

India plans electricity push for cooking

New Delhi: In a major push for India’s energy security efforts, the National Democratic Alliance (NDA) government is planning to leverage electricity for cooking, according to power and renewable energy minister Raj Kumar Singh. This shift to induction cooking will not only bring the government closer to delivering on its promise to improve energy access, it will also generate fresh demand for electricity in the country—the lack of which is weighing down the entire power sector. The government plans to provide induction stoves to poor households in rural and urban India, as reported by... Read more..

Source: Live Mint
Subject Tags: Electric cooking, India

EESL to power energy appliances project

Vijayawada: The Energy Efficiency Services Limited EESL has shown interest to install energy efficient appliances in about 30 lakh houses. Earlier, the Indo-Swiss Building Energy Efficiency Project (Beep) came forward to provide Indo-Swiss building technology to the AP government. EESL chairman Rajeev Sarma has called on principal secretary for housing Ajay Jain to discuss about energy appliances project. AP is the only state in India which will provide 30 lakh modern houses to the poor with world’s latest energy efficient technologies. Rajeev Sharma said that for the first time in India,... Read more..

Source: Times of India

PPA-starved power companies seek changes in rare 25-yr RE + Thermal tender

New Delhi: Thermal power producers have sought changes in tender documents for a 5,000-mw renewable-plus-coal power supply, citing difficulties deterring them from participating in a rare 25-year long-term tender in a decade. Private power companies have written to the Union power ministry asking changes in the tender rules to allow them access to domestic coal supply and claim compensation for change-in law situation in future. The companies have sought to become signatory to the power purchase agreement as the tender documents in present form allow agreement between only renewable power... Read more..

Source: ET Energy World
Subject Tags: India, SECI

Japan’ ORIX Corp. set to invest $980 million in Greenko Energy Holdings for 17% stake

NEW DELHI : In the single largest foreign investment in India’s clean energy space, ORIX Corp. is set to invest $980 million in Greenko Energy Holdings; the Japan’ financial services firm said in a statement. The deal will also add 873 MW of Orix’ operating wind assets to Hyderabad-based Greenko’s portfolio, and will contribute $100 million to Greenko’s EBITDA in the first year. The deal will also peg GIC Holdings Pte. Ltd and Abu Dhabi Investment Authority (ADIA) backed Greenko’s equity and enterprise value at $5.75 billion and $10.2 billion respectively. EBITDA is earnings before... Read more..

Source: Live Mint
Subject Tags: Greenko, Japan

Power generators allowed to recover FGD cost over plants' life

New Delhi: Old thermal power plants who have to conform to new emission standards by retrofitting their plants with Flue Gas Desulphurisation (FGD) units have got a lifeline from the Central Electricity Regulatory Commission (CERC) as it has allowed generators to recover additional cost on pollution control equipment from electricity charges over a 25 year period. In a staff paper floated by the CERC, it has said power plants will be allowed to recover their costs in parts from buyers during the tenure of power purchase agreements (PPAs). So, 90 per cent of the cost of installation can be... Read more..

Source: ET Energy World
Subject Tags: CERC, India

Delhi to roll out subsidy scheme under EV policy next week

NEW DELHI : The Delhi government is likely to roll out from next week the subsidy scheme under its newly launched electric vehicle (EV) policy, officials said. The EV policy of the Delhi government was notified last month. Launching the policy, Chief Minister Arvind Kejriwal had said it aimed at registration of around five lakh electric vehicles in the city in the next five years. A demonstration of software for disbursal of the subsidy under the policy was made by officials of a private bank in a meeting with Transport minister Kailash Gahlot on Wednesday, said a senior government officer... Read more..

Source: Live Mint
Subject Tags: EV, India, subsidy

Walmart and Schneider Electric collaborate on climate action

Walmart Inc. and Schneider Electric, a leader in the digital transformation of energy management and automation, have announced a new collaboration that will provide increased access to renewable energy for Walmart's US-based suppliers, enabling them to lead on climate action. The initiative, called the Gigaton PPA (GPPA) Programme, is designed to educate Walmart suppliers about renewable energy purchases and accelerate renewable energy adoption by participating suppliers through aggregate power purchase agreements (PPA). The programme directly supports Walmart's Project Gigaton, which... Read more..

Source: Energy Global
Subject Tags: Schneider Electric, Walmart

Coal India to restart ops in discontinued mines

Kolkata: Plans are on the anvil by Coal India(CIL) to retrieve production from its discontinued underground mines. The company has so far identified 12 such mines with provisional mine-able reserves of around 1060 million tonne (MT). Of these 12 UG mines, eight belong to Eastern Coalfields (ECL) and the remaining four fall under Bharat Coking Coal (BCCL), spread over the states of West Bengal and Jharkhand. “The project is on the drawing board but CIL aims to start the process soon to bring these mines back to active production. This is in effort to increase production through indigenous... Read more..

Source: Times of India

Phasing out old coal plants can free space for 60 GW renewable power: Praveer Sinha, TATA power

New Delhi: Closing old coal plants which have been in operation for 25-30 years can create space for setting up 60 Gigawatt of renewable energy, according to Praveer Sinha, Managing Director (MD) & CEO, Tata Power. He was speaking at a report launch webinar organized by Climate Trends where he talked about how closing old coal-based power plants is important from both economic and environment point of view. "If we look at more statutory requirements, more in terms of environmental requirements, there is definitely a business case that one can say that plants which have been 25 years... Read more..

Source: ET Energy World

Andhra govt to provide nine hours free power to farmers through direct cash transfer of bill amount

Andhra Pradesh government on Thursday decided that it will provide nine hours of free power to the farm sector during the day time through direct cash transfer of the bill amount. A cash transfer system has been designed through which the government will credit the bill amount for the consumed by the farmer in the field directly to his bank account. Ajeya Kallam, Principal Advisor to Chief Minister, said that the direct cash transfer system will give a sense of feeling that the farmers have been paying for the power consumed and the power distribution companies will not go into the red. As... Read more..

Source: Indian Express
Subject Tags: India

Solar powered mobile tower installed in Orchha

A solar powered mobile tower has been installed in Chhattisgarh's Orchha block, an area affected by Naxalite violence in Bastar division, greatly benefitting villagers, in particular the students. The Chhattisgarh State Renewable Energy Development Agency (CREDA) in association with the telecommunication department and district administration has started operating the mobile tower by installing 15 KW solar power plant, an official press release said. In a first of its kind, a single base transceiver station (BTS) tower is being operated through the DC electrical system from the solar plant... Read more..

Source: The Pioneer

Power sector transformation will get world one third of way to net zero: IEA

LONDON: The transformation of the power sector will only get the world one third of the way to a goal of achieving net zero emissions by mid-century, a report by the International Energy Agency (IEA) said on Thursday. Global carbon dioxide (CO2) emissions are expected to fall this year by 8 per cent from 2019 - their lowest level since 2010 - as slower economic growth due to the Covid-19 pandemic slashed energy demand. However, the trend is not forecast to continue. The transport, industry and building sectors currently account for more than 55 per cent of CO2 emissions from the energy... Read more..

Source: ET Energy World

India to achieve carbon emissions reducing goal by 35% in 10 yrs: Javadekar

Union Environment Minister Prakash Javadekar on Wednesday said he was hopeful that India would achieve its goal of reducing carbon emissions by 35% in the next ten years. Addressing a session on Action Agenda for Sustainable and Self Reliant India during the 15th Sustainability Summit 2020, Javadekar said India was committed to reducing carbon emissions and was confident about upscaling solar power capacity from 175 gigawatt to 220 gigawatt by 2022. "We are confident we will achieve this," the minister said. He also said that it is important to achieve a green Earth with clean air and blue... Read more..

Source: Live Mint
Subject Tags: Carbon Emissions, India

Karnataka CM distributes solar power operated carts to beneficiaries

Bengaluru: As part of 'Atmanirbhar Bharat', a mission envisioned by Prime Minister Narendra Modi, Karnataka Chief Minister B.S. Yediyurappa on Wednesday distributed solar power operated tricycle carts for vending fresh fruits and vegetables to select beneficiaries. The carts have been designed and developed by the Indian Council for Agricultural Research (ICAR) and the Indian Institute for Horticulture Research (IIHR). According to a note released by the ICAR-IIHR, "The produces are exposed to the hot sun, dust and pollution while being moved on the streets on traditional push carts. This... Read more..

Source: ET Energy World

EESL's EVs reduce air pollution, mitigate 5,604 tonne of CO2 emissions

New Delhi: Energy Efficiency Service Ltd (EESL) on Wednesday said the electric vehicles deployed by the company have helped reduce air pollution and mitigate 5,604 tonne of CO2 emissions. EESL is combating air pollution in the nation by driving India's e-mobility transition. In line with the #iCommit initiative launched by Power and New & Renewable Energy Minister R K Singh, EESL is celebrating the World EV Day by continuing its commitment to transform India's mobility landscape, it said in a statement. "EESL has already deployed 1,514 electric vehicles (EVs) on road till date, under... Read more..

Source: ET Energy World

Rays Experts commission 10 MW solar capacity in Haryana

New Delhi: Rays Experts on Wednesday said it has commissioned 10 MW solar capacity in a solar park in Bhiwani district of Haryana. The breakthrough has put Haryana on the map of India's solar power generation with a 10 MW solar park, which is currently lighting up around 15,000 homes across the region, the company said in a statement. "Rays Experts - one of the leading Solar EPC and park developer companies in India - has successfully commissioned Haryana's first-ever solar park in Siwani in District Bhiwani," the statement said. The latest deployment is a part of an ongoing 40 MW project... Read more..

Source: ET Energy World

Electricity consumer rights rules to be notified soon

New Delhi: Consumers will soon be entitled to a rebate on electricity bills that are not served in time and other compensation from power distribution companies which fail to timely address grievances such as on faulty meters and delayed connections. The Centre is set to bring out the Electricity (Rights of Consumers) Rules, 2020, which will specify standards of performance to introduce corporate culture in distribution utilities, according to people in the government. Currently, the Consumer Charter under the Electricity Act, 2003 provides a synopsis of rights of consumers but most states... Read more..

Source: ET Energy World
Subject Tags: India

Five Petroleum and Gas sector PSUs to join International Solar Alliance: Dharmendra Pradhan

New Delhi : Five Public Sector Undertakings (PSUs) under Petroleum and Natural Gas Ministry will be joining International Solar Alliance (ISA)'s Coalition for Sustainable Climate Action (ISA-CSCA) as Corporate Partners and will be contributing to ISA's Corpus Fund, said Ministry of Petroleum & Natural Gas on Tuesday. In his inaugural speech at the First World Solar Technology Summit organized by ISA, Minister of Petroleum and Natural Gas Dharmendra Pradhan said that Oil and Natural Gas Corporation Limited (ONGC), Indian Oil Corporation Limited (IOCL), Bharat Petroleum Corporation... Read more..

Source: ET Energy World

Kotak pitches for development finance institution for funding renewable energy projects

New Delhi: Asserting that the current cost of financing solar projects in India is extremely high, veteran banker Uday Kotak on Tuesday advocated setting up a development financial institution to fund renewable energy projects which have a long gestation period. The CII president and Kotak Mahindra Bank managing director also said India needs to increase production of solar panels and reduce its dependence on imports from China in its pursuit to become self-reliant. Currently, India imports 80-90 per cent of solar panels from China. Pointing out that an average clean energy project takes... Read more..

Source: ET Energy World

CSIR-CMERI Durgapur, NISE sign pact on solar research and capacity building

The CSIR-Central Mechanical Engineering Research Institute (CMERI), Durgapur, and National Institute of Solar Energy (NISE), Gurugram, have signed a Memorandum of Understanding (MoU) to bolster the solar energy sector across the nation. Under the MoU, CMERI and NISE will conduct joint field studies for different solar technologies, and collaborate with international-level research institutions for undertaking research work in India. They shall work on skill development of stakeholders in areas like grid-connected solar rooftop systems, solar power plants (including their O&M),... Read more..

Source: PV Magazine

India to have 220 GW renewable energy capacity by 2022: PM Modi

Prime Minister Narendra Modi exuded confidence that India will increase its existing clean energy capacity of 134 GW to 220 GW by 2022 and stressed on reducing tariffs further through technological advancements. The Prime Minister was earlier expected to deliver the inaugural address at the World Solar Technology Summit organised by the International Solar Alliance (ISA), but could not do so due to some other engagements. New and Renewable Energy Minister R K Singh read out Modi’s message at the virtual summit. “We have scaled up our non-fossil fuel based generation to 134 GW, which is... Read more..

Source: Money Control