Green Power

Indian companies are expanding their clean energy consumption, but tardy progress in rooftop solar is a missed opportunity

The US has green codes defined by the Federal Trade Commission to prevent consumers from misleading marketing claims

As per analysts, electrolyser manufacturers, fuel cell makers for non-emission vehicles, traditional players engaged in energy storage solutions or batter makers are among key beneficiaries

The investment buzz for the transition has begun but policy frameworks still lag the process

Transparency will be critical for green bonds

Proceeds will be deposited in the Consolidated Fund of India

The total trade volume of Indian Energy Exchange dipped 13 per cent to 7,972 million units (MU) in October compared to a year ago. The Indian Energy Exchange (IEX) achieved 7,972 MU volume in October 2022, including Green Power trade of 403 MU, and 3.58 lac RECs (equivalent to 358 MU), an IEX statement said. "The total volume on the Exchange in October'22 was lower by 13 per cent on YoY (year-on-year) basis due to high volume base of last year, and lower by 2 per cent on MoM (month-on-month) basis due to reduced REC (Renewable Energy Certificate) trading," it stated. Improved supply of domestic coal led to easing of supply side constraints, resulting in decline of prices on the IEX, it explained. The average clearing price in the Day-ahead market was Rs 3.83 in October, which was lower by 32 per cent on MoM (month-on-month) basis and 52 per cent on YoY (year-on-year) basis. Going forward, further correction in prices due to improvement in coal availability and reduction in demand

KPI Green Energy on Wednesday said it has inked power purchase agreements to supply a total of 15.88 MW wind-solar hybrid power from its projects to six companies. "KPI Green has signed new long-term power purchase agreements (PPAs) for sale of 15.88 MW (electricity from its) wind-solar hybrid power projects," a BSE filing stated. The companies will be supplied power from the upcoming Wind-Solar Hybrid power project (comprising 16.10MW wind and 10 MW, solar capacity) at Bhungar site in Bhavnagar district of Gujarat, under the Gujarat Hybrid Power Policy 2018, it stated.

ArcelorMittal has made an investment of around $600 million for 1,000 MW capacity of the project.

India is the world's third-biggest emitter of greenhouse gases and plans to more than quadruple its renewable power generation capacity by 2030.

The government on Tuesday said single- window portal PARIVESH, launched for giving green nod to projects, has been significantly instrumental in reducing the time required for approvals

A carbon credit is a certificate signifying that one tonne of carbon dioxide emission has been reduced from the atmosphere.

The dues of RE power generators have increased by close to 40 per cent since January, the highest among all categories of gencos

Establishing the cross-border flow of green energy under the One Sun declaration will involve many complexities

India's climate targets are not conditional, but its negotiating position has been that finance and technology must be made available to developing countries

According to the study, around a quarter of this new solar capacity - up to 5,272 MW - could be fed directly into the railway's overhead lines

Here's a selection of Business Standard opinion pieces for the day

There has been a recent spurt of investor interest in India's renewables space, with the outlook for the sector, as well as for electricity demand growth, remaining strong

InvIT to hold nine solar energy projects of 400 MWp in five states; definitive agreements signed for 76 MWp

Smart Power India (SPI), an initiative of Rockefeller Foundation, has begun a voucher system for power consumers in 32 villages of Bihar and Uttar Pradesh