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Sustainability Outlook Headlines

Coal investments can risk post-Covid economic stimulus: Carbon Tracker

China and other nations could be burdened with uneconomic and climate-unfriendly coal power for decades if they build new capacity to stimulate their economies in the wake of the Covid-19 pandemic, a move China appears to be already considering, Carbon Tracker warned in a new report on Wednesday. The financial think tank finds that 46 per cent of global coal plants will be running at a loss in 2020, rising to 52 per cent by 2030. However, renewables and gas are already outcompeting coal worldwide and if governments deregulate power markets to allow greater competition, the percentage of... Read more..

Source: ET Energy World
Subject Tags: coal, coronavirus, economy

States with highest growth in solar, wind capacity also those worst-hit by coronavirus

India’s top 10 worst-hit states in terms of confirmed coronavirus cases also happen to be those which registered maximum addition of solar and wind energy generation capacity in 2019. There is no causal link between the geographical spread of coronavirus infections and renewable energy capacity addition. An ETEnergyworld analysis shows how the growth of the renewable energy capacity is at risk owing to the lockdown imposed across states. The analysis that superimposed the two data sets, obtained from government records, shows states such as Tamil Nadu, Karnataka, Rajasthan, Andhra Pradesh... Read more..

Source: ET Energy World

Covid-19 impact on India’s energy storage industry

China is dominant in the Lithium-ion (Li-ion) battery manufacturing and supply chain, accounting for three-quarters of battery manufacturing capacity. The onset of Covid-19 has created a series of disruptions in the supply chain for Li-ion batteries, which will also impact the Indian electric vehicles and stationary energy storage market. Limited mobility due to Covid-19 lockdown has impacted shipments from Indian Li-ion battery solution providers too. “Since our offices remain shut, we will be unable to ship out any orders till the lockdown is lifted, which means we won’t be able to ship... Read more..

Source: PV Magazine India

Wildlife destruction 'not a slippery slope but a series of cliff edges'

Wildlife species will die out and natural ecosystems collapse in the near future if the climate crisis goes unchecked, scientists have warned, as new research shows that the natural world is at far greater risk from climate breakdown than previously thought. Catastrophe could strike this decade for some species, as key temperature thresholds are crossed. Instead of the anticipated gradual decline of species, there are likely to be a series of sudden collapses. Ocean ecosystems will be first hit, as the seas have already warmed to an unprecedented extent, and problems such as lack of oxygen... Read more..

Source: The Guardian

MNRE extends ALMM enlistment date for solar cell and module manufacturers

Solar cell and module manufacturers now have additional six months—until September 30, 2020—to get enlisted with the MNRE’s Approved List of Models and Manufacturers (ALMM). Only products and companies making to the list will be eligible for a wide range of government-backed projects. The decision has been taken in view of the ongoing Covid-19 crisis. “Due to temporary disruptions due to Covid-19 epidemic and the current lockdown and the prevailing situation due to such epidemic, it has been decided with the approval of Hon’ble Minister (NRE & Power) to extend the effective dates for... Read more..

Source: PV Magazine India

REC board okays incorporation of 7 SPVs to facilitate evacuation of renewable energy

State-owned shadow banking firm REC Ltd on Wednesday said its board has approved a proposal to incorporate seven power transmission projects which would facilitate evacuation of renewable energy. These projects will evacuate clean energy from Maharashtra, Madya Pradesh, Karnataka and Rajasthan. "The board of directors of REC Ltd in its meeting held on March 25, 2020, inter-alia approved the proposal for incorporation of seven project specific special purpose vehicles (SPVs) as wholly-owned subsidiaries of REC Transmission Projects Company Ltd (RECTPCL), a wholly-owned subsidiary of REC,"... Read more..

Source: ET Energy World

Germany-based wind turbine maker Senvion signs pact to sell Indian entity

Wind turbine manufacturer Senvion on Tuesday said it has entered into a binding agreement to sell and transfer its fully operational Indian entity to a strategic investor. Last year, the Germany-based company had announced its decision to spin off Indian operations into a standalone and separate entity after it filed for insolvency in a German court. "Senvion has entered into a binding agreement with a strategic investor to sell and transfer its fully operational Indian entity. This is further to our announcement last year where Senvion India was made an independent entity to manufacture,... Read more..

Source: ET Energy World

Tata Power’s Renewable Arm Wins 300 MW Solar Project from NTPC

Tata Power Solar, the renewable arm of utility giant Tata Power, has received a Letter of Award (LoA) from NTPC to develop 300 MW grid-connected solar project under CPSU Scheme Phase-II. Bangalore-headquartered Tata Power Solar has won this solar photovoltaic (PV) project under the reverse bidding auction held in February at an all-inclusive price of Rs 1,730.16 crore. Commenting on winning the project, Praveer Sinha, CEO & MD of Tata Power, said that “it is projects like these which demonstrate the trust in Tata Power’s project management and execution skills. This order is a... Read more..

Source: Saur Energy International

European investor ThomasLloyd, SolarArise launch 75 MWp solar project in Uttar Pradesh

Indian developer SolarArise—funded by UK based global investor ThomasLloyd—has launched construction of a 75 MWp solar power plant in Uttar Pradesh, the most populous state in India with some 230 million inhabitants. The investment for this project amounts to 34.9 million euros. Debt financing for the project has been secured from Power Finance Corporation Limited, a Government of India undertaking and India’s largest power sector lender—according to a press statement by ThomasLloyd. ThomasLloyd estimates the project, once commissioned, will provide renewable and cheaper electricity to... Read more..

Source: PV Magazine India

Vestas Wind A/S : Wind turbine maker Vestas suspends 2020 outlook amid coronavirus

Vestas, the world's largest maker of wind turbines, suspended its 2020 outlook on Tuesday as measures to curb the spread of the coronavirus disrupted its manufacturing, supply chain and installations at wind parks. The suspension comes at a time when demand for renewable power has been growing in tandem with global efforts to combat climate change, and Vestas is currently facing its busiest period ever. "Unfortunately, the pandemic continues to spread and with no clear prognosis on when key wind markets such as the USA, Brazil and India will recover, we are suspending our guidance due to... Read more..

Source: Market Screener

Covid-19: Mahindra Logistics launches free emergency cab services

Mahindra Logistics Ltd (MLL) on Tuesday said it has launched free emergency cab services to extend its support in the fight against Covid-19. It said there will be a special fleet for non-medical emergency transportation. "MLL...today announced that its enterprise mobility business, Alyte will provide emergency cab services for those affected by the Covid-19 pandemic," the company said in a statement. It said the services will be provided free of cost and have already started in Hyderabad from Tuesday. Alyte will provide these services through a dedicated fleet, including electric vehicles... Read more..

Source: Business Insider

Organic Textile Production Booms As Consumers Demand Sustainable Fashion

The Global Organic Textile Standard (GOTS), the international certification for organic textiles, saw the highest growth in certified operations last year. The news comes as the wider textile industry experiences major shifts towards more sustainable and organic manufacturing processes, driven primarily by changing consumer tastes for more eco-friendly products. Fashion labels, from fast fashion to outdoor apparel are now all collectively incorporating organic textiles more than ever before, alongside other recycled materials. GOTS recently reported that the number of organic facilities... Read more..

Source: Green Queen

Great Barrier Reef suffers worst-ever coral bleaching: Scientists

ustralia's Great Barrier Reef has suffered its most widespread coral bleaching on record, scientists said Tuesday in a dire warning about the threat posed by climate change to the world's largest living organism. James Cook University professor Terry Hughes said a comprehensive survey last month found record sea temperatures had caused the third mass bleaching of the 2,300-kilometre (1,400-mile) reef system in just five years. Bleaching occurs when healthy corals become stressed by changes in ocean temperatures, causing them to expel algae living in their tissues which drains them of their... Read more..

Source: India Today

Deemed usage charge for not honouring green PPAs

In a move aimed at providing relief to renewable energy producers, the government has said distribution companies that do not honour their power purchase agreements will be charged for 'deemed generation.' Discoms that curtail the use of renewable energy will have to pay solar and wind power developers for the electricity deemed to have been generated, the ministry for new and renewable energy said in a notice. The only exception would be on account of issues arising due to grid safety, the ministry said. “Some of the discoms are still resorting to RE curtailment without any valid reason... Read more..

Source: ET Energy World

MNRE Issues Draft Guidelines for Installation of Innovative Stand-Alone Solar Pumps

The Ministry of New and Renewable Energy (MNRE) had issued updated specifications for stand-alone solar pumps in July last year. And since then it claims to have received representations from innovators claiming that by using different design/software for the stand-alone solar pump they can achieve performance better than specified by the Ministry in a cost-effective manner. At present under the MNRE schemes – stand-alone solar pumps fulfilling MNRE specifications can be installed, however, in order to promote innovation in technology, the Ministry has decided to permit installation of... Read more..

Source: Saur Energy International

3,000 Mw of solar and wind energy projects face delays on Coronavirus lockdown

India could face over 21.6 per cent or 3 Digawatts (GW) of solar photovoltaic (PV) and wind installations being delayed as a result of the country’s lockdown, according to Wood Mackenzie. The research and consultancy firm said in a statement the timing of the lockdown is unfortunate as the first quarter is typically one of the busiest periods for wind project installations. "The lockdown will delay some projects until summer, and if the lockdown is extended past April, wind farm construction could be further delayed into the monsoon season, where wind installations are typically at their... Read more..

Source: ET Energy World

IEX says average spot power prices down 21% in March

Indian Energy Exchange (IEX) said electricity prices in spot market declined by 21% in March 2020 even as there was a 18% surge in trade volume. IEX saw a trade of 4,291 million units (MU) - the Day-Ahead Market (DAM) traded 3,971 MU during March 2020 and saw 18% year-on-year (YoY) growth while the Term Ahead Market (TAM) traded 320 MU and recorded 30% YoY growth, IEX said in a statement. The southern distribution utilities continued preference for TAM contracts. The total sell bids in day-ahead market were 12,207 MU and the buy bids at 4,545 MU. The sell-bids being over 2.5 times the buy... Read more..

Source: Business Standard

India’s power demand fell by 32000 MW within minutes on April 5

India witnessed a plunge in the demand of power last night when people illuminate diyas and candles, and shut the lights off after Prime Minister Narendra Modi advised them to do so. This has been confirmed by the power ministry. R.K Singh, Minister of State Power and New & Renewable Energy, posted on Twitter: “Demand in the grid came down by 32000 MW within a few minutes but the frequency and voltage were maintained within the normal range. The drop in national demand by 32000 megawatts shows a huge response of the nation to the call of the Prime Minister.” He further stated that his... Read more..

Source: The Hindu Business Line

Yamuna cleaner, fuller due to lockdown? NGT panel asks CPCB, DPCC to find out

he National Green Tribunal-appointed Yamuna Monitoring Committee has asked the Central Pollution Control Board and the Delhi Pollution Control Committee to ascertain the impact of the lockdown on the water quality of the Yamuna and submit a report within a week. The directions come in the wake of several people sharing pictures of a fuller and cleaner Yamuna on social media, attributing the reduction in pollution levels in the river to the 21-day lockdown enforced to contain the spread of deadly Covid-19. "We have asked the DPCC and the CPCB to get the Yamuna's water quality tested and... Read more..

Source: India Today

Maruti Suzuki sells over 7.5 lakh BS6 cars

‘Forewarned, forearmed; to be prepared is half the victory’ is a quote by a 17th Spanish novelist Miguel de Cervantes and that’s quite relevant in the automotive industry context too. In the context of the stringent BS6 emission regulation which came into effect on April 1, the industry was forewarned, and it had to arm itself adequately by March 31. Maruti Suzuki is one carmaker that got on to it early enough. As a result, it sold over 7,50,000 BS6 vehicles before the new emission regulation came into force. In comparison, the passenger vehicle industry leader sold 6,59,000 BS4 passenger... Read more..

Source: Auto Car India

Economic decline due to Covid-19 will not help govt’s tackle climate change

The world is going to experience a modest decline in carbon dioxide (CO2) emissions for the first time in 75 years but the dip is unlikely to result in any stabilisation in CO2 concentrations in the atmosphere, which leads to climate change, experts said. The economic decline because of the Covid-19 pandemic is likely to give governments an idea of the magnitude of transformations needed in the coming decades to deal with climate change, scientists said. The impact of Covid-19 on CO2 emissions will be temporary and there is likely to be a strong rebound effect when governments try to make... Read more..

Source: The Hindustan Times

MNRE Asks States to not Halt Payments for RE Generators

The Ministry of New and Renewable Energy (MNRE) has asked states to continue to buy power from renewable energy producers and clear their dues “on a regular basis as was being done prior to the lockdown”. The MNRE on April 1, 2020, wrote to all states and electricity distribution companies (Discoms) after renewable energy producers complained that some states were curtailing purchase and payment for electricity generated from sources such as solar energy. In the letter, the ministry said the power ministry has recently issued instructions providing for a moratorium to Discoms for making... Read more..

Source: Saur Energy International

New Development Bank invests $100m in India

The New Development Bank (NDB) has approved a $100 million (£80m) investment in India. The funding aims to catalyse the private sector to further boost affordable housing and green infrastructure in the South Asian nation. The bank’s project pipeline for 2020 covers sustainable development projects in all its member countries. The NDB board has also approved a funding of $400,000 (£321,420) for the Kaliningrad Sea Port Project in Russia, in a bid to improve its infrastructure.

Source: Energy Live News

Need for green clearance way to achieve sustainable development, says SC

The need for environment clearance for a project must be seen as a measure to achieve sustainable development, the Supreme Court has said. The court ruled that the “concept of an ex-post facto EC (environmental clearance) is in derogation of the fundamental principles of environmental jurisprudence”, “detrimental to the environment, and could lead to irreparable degradation”. The reason why a retrospective EC or an ex post facto clearance is alien to environmental jurisprudence is that before the issuance of an EC, the statutory notification warrants a careful application of mind, besides... Read more..

Source: The Indian Express

About 15% EV dealers to shut shop post lockdown

More than 200 dealers or 15% of the 1,400 odd electric vehicle dealerships across the country will likely shut down once the Covid-19 lockdown is lifted, said the Society of Manufacturers of Electric Vehicles (SMEV), the apex body for the EV industry. EV manufacturers say most dealerships of two wheelers and e-rickshaws, particularly in tier -3 or 4 towns, are owned by first time entrepreneurs who don’t have the financial bandwidth to survive this crisis. Typically it is much cheaper to put up an EV dealership with overheads being as low as Rs 3-Rs 5 lakh. But that also means these small... Read more..

Source: The Times of India