Page 3 - Green Energy

Railways to roll out hydrogen-powered trains on heritage routes by Dec 2023

"This will mean that these heritage routes will go completely green," said Vaishnaw

Torrent Power to buy 1.1 Gw green energy capacity from ReNew Energy: Report

Ahmedabad-based Torrent Power has submitted a non-binding offer (NBO) for ReNew's solar and wind assets of 350 and 450 Mw for $450 million

Goal set for up to Rs 50,000-crore green investments in Uttar Pradesh

The state has set a target to generate 22,000 megawatt (Mw) of solar power over the next five years

Kinetic to start producing electric version of Luna at Ahmednagar plant

Company set ups dedicated production line with an initial capacity of 5,000 sets per month

Multi-pronged policy support gives green signal to renewable energy: CRISIL

Currently, non-fossil or clean sources make up around 25 per cent of energy and 40 per cent of the installed power base in the country

After the year of reset, businesses now poised to truly get back in form

Some firms braved the headwinds and stepped on the gas, others played it safe; green energy turned a bright spot

Inox Green to acquire majority stake in independent wind service provider

Inox Green Energy Services on Monday said it will acquire a majority stake in an independent wind service provider that operates majorly in South India with a 230+MW fleet. However, the company did not disclose the value of the transaction and the name of the target company. The transaction is subject to certain regulatory and other customary closing conditions and is expected to conclude by the end of January 2023, a company statement said. "Inox Green...has signed a term sheet for acquisition of majority stake in a renowned independent O&M (operations and maintenance) wind service provider with a 230+MW fleet that operates majorly in South India," it said. The target company specializes in O&M of multibrand wind turbine OEMs (original equipment manufacturers) and provides comprehensive O&M services as well as specialized corrective maintenance services. Inox Green is actively pursuing inorganic growth opportunities along with the rapid growth that it envisages from the ..

India can't afford yet more disruptions to supply chains: Ficci President

'What is most unfortunate is that countries are looking to finance their transition to a green economy by taxing others'

RE firms may use rupee loans to refinance $3 bn overseas green bonds

Costly overseas funds forcing them to tap domestic sources

Trends show coal is here to stay despite India's renewable energy goals

Coal is dirty -- it makes up for 40 per cent of carbon dioxide emissions from fossil fuels, its mining wreaks havoc on the environment and burning it produces pollutants like mercury which are linked to acid rain and particulate matter that causes respiratory illnesses. But the war in Ukraine has caused a mini-energy crisis globally, pushing its use to record levels this year. And India, the world's third largest energy consumer, was at the forefront of the global rise in coal usage as it fell back on the easiest available fossil fuel in the face of a surge in oil and gas prices that threatened to derail the economic recovery from the pandemic. The trends of coal consumption and production this year indicate that the dirty fuel is here to stay despite the nation's ambitious target of meeting 50 per cent of energy requirements from renewable energy and non-fossil fuel capacity of 500 GW by 2030. India's coal consumption has doubled since 2007 at an annual growth rate of 6 per cent an

ReNew signs pact with Microsoft India to supply 150 MW green energy

ReNew said it will produce the clean energy at its recently commissioned solar site near Bikaner in Rajasthan to supply it to the technology company

Solar energy generation capacity touches 16,000 Mw in Rajasthan

There is a 925-Mw park and a 750-Mw park in Jaisalmer district

Centre to include private sector in boosting nuclear power capacity: Report

The NITI Aayog will come up with guidelines and regulations for new small modular nuclear reactors keeping in mind the safety standards and the impact on local communities

Power producer NTPC to sell stake in green energy business: Sources

The deal marks the first green transaction by an Indian state company, which has drawn interest from investors, such as Canada Pension Plan Investment Board (CPPIB), Malaysia's Petronas and Brookfield

India to attract $10 bn in green energy investment in 2023: Bank of America

India could attract close to $10 billion in renewable energy investment in 2023, a bright spot as public markets remain largely shut to big-ticket capital raising, according to Bank of America

It's challenge to meet tariffs for wind power in India: Engie MD

Discoms not looking at signing agreement for procuring power at such high tariffs, says senior executive of French utility's unit

Funding reality check for India's dream to achieve net-zero by 2070

The Modi government could take a leaf out of Norway's playbook to meet its 2070 emission target instead of passing the buck to the private sector

India unveils Rs 2.2 trillion plan to upgrade grid for clean power

The project will connect solar plants in the sun-drenched deserts of Rajasthan and Gujarat and wind farms in Tamil Nadu to the national network

US, EU agree to intensify talks to resolve 'green subsidies' dispute

The United States and European Union agreed Monday to intensify talks to resolve EU concerns over major subsidies for American companies contained in a US clean energy law. Although no deal was reached at a meeting of the bilateral Trade and Technology Council, the two sides pledged to continue work on preliminary progress and said they would push for a solution that benefits both US and European firms, workers and consumers as well as the climate. We acknowledge the EU's concerns and underline our commitment to address them constructively, the two sides said in a joint statement after the meeting at the University of Maryland in College Park, located just outside Washington. We underline the TTC's role in achieving this and in supporting a successful and mutually supportive green transition with strong, secure, and diverse supply chains that benefit businesses, workers, and consumers on both sides of the Atlantic, it said. The dispute revolves around the US Inflation Reduction Act

A slow and flawed transition

The developed world's energy transition efforts are making the problem worse by moving energy-intensive manufacturing to the developing world