Page 12 - Renewable Energy

Energy requirements of Indians expected to double in 20 years: PM

Delivering the inaugural address at the 21st World Sustainable Development Summit 2022 (WSDS-22), Modi said environmental sustainability can only be achieved through climate justice

India, Australia ink letter of intent on new, renewable energy technology

India and Australia on Tuesday inked a letter of intent for working together towards reducing the cost of new and renewable energy technologies and scaling up their deployment to reduce emission globally. The letter of intent (LoI) was signed at the 4th India Australia Energy Dialogue, as per a power ministry statement. According to the statement, the dialogue was co-chaired by Minister for Power and New & Renewable Energy, R K Singh and Minister for Energy and Emissions Reduction, Angus Taylor from Australia. This LoI will pave the way for working towards reducing the cost of new and renewable energy technologies and scaling up their deployment in order to accelerate global emissions reduction, it stated. The focus of this LoI will be scaling up manufacture and deployment of ultra low-cost solar and clean hydrogen, it stated. There is an urgent need to focus on advancing technology and clean energy transition. In this context, the agreed forward action plan includes areas like

Sterling and Wilson Renewable Energy report Rs 429 cr loss in Dec quarter

Sterling and Wilson Renewable Energy on Monday reported a consolidated net loss of Rs 428.78 crore in the quarter ended December 2021.

Centre sets target to replace Diesel with Renewable in Agriculture by 2024

Power minister R K Singh says this is in line with govt's commitment to hike the share of non-fossil fuels by 2030 and become a net zero emitter by 2070

India to replace diesel by renewable energy in agriculture by 2024: Govt

Union Power Minister R K Singh on Friday said that India will achieve zero-diesel use in agriculture and replace the fossil fuel with renewable energy by 2024. The minister held a virtual meeting with the officials of the Ministry of Power and Ministry of New & Renewable Energy, Additional Chief Secretaries and Principal Secretaries of Power or Energy Departments of states & UTs to discuss their role in achieving India's energy transition goals and meeting climate commitments. The minister asserted that India will replace diesel with renewables to achieve target of zero-diesel use in the agricultural sector by 2024, a power ministry release stated. Addressing the meeting, Singh stressed the need for collaborative efforts between the Central and State Governments towards the large-scale deployment of energy efficiency measures in potential sectors of the economy. He emphasised the need to have a state-specific agency dedicated for energy efficiency and conservation. He urged ...

Tata Power Q3 net up 72% to Rs 426 cr, renewables top growth segment

Revenue up 43.6% on expanded operation in Odisha power distribution companies, higher project execution by Tata Power Solar Systems and strong show by all other businesses

NHPC inks pact to build 10,000 MW renewable energy capacity in Rajasthan

State-run NHPC has signed a letter of intent (LoI) to build renewable energy projects of 10,000 MW in Rajasthan.

National Portal to assist households to set up solar systems on their roofs

The portal would be a one-stop destination for residential consumers to register, install or hire a vendor to install a rooftop solar power system (RTS)

Economic Survey: Renewable energy account for 10% of electricity generation

The share of renewable energy in installed capacity is 22%

Budget 2022: Targeted incentives likely for promoting green hydrogen

The government may provide for targeted fiscal incentives and allocation of funds for promotion of green hydrogen in the country in Union Budget 2022-23, which is slated to be unveiled in Parliament on Tuesday. The government launched National Hydrogen Mission in 2021. Earlier this month, Power and New & Renewable Energy Minister R K Singh had indicated that a green hydrogen policy will be unveiled in February which would feature many incentives to boost green hydrogen in the country. "While 2021 saw the launch of National Hydrogen Mission, it is likely that the Budget may provide for targeted fiscal incentives for R&D in green hydrogen segment, creation of domestic supply chain for hydrogen and reduce customs duties on electrolysers to boost green hydrogen production," says Venkatesh Raman Prasad, Partner, J Sagar Associates (JSA). Prasad is of the view that India's commitment at COP 26 of achieving net zero emissions by 2070 and meet 50 per cent of energy requirements from .

India's renewable energy sector can employ 1 mn people by 2030: Study

Renewable energy sector has the potential to employ around one million people by 2030, and most of the new jobs would be generated by small-scale renewable energy projects, according to a study.

NTPC invites bids to set up 3GW energy storage facility in India

NTPC's arm, NTPC Renewable Energy Ltd (NREL), has invited bids for selection of developers for inter-state transmission system (ISTS)-connected energy storage facility of 3,000 MW capacity

ReNew Power joins hands with Fluence to offer energy storage solutions

The 50:50 JV will target the country's storage market, which is estimated to grow to 27 GW by 2030

Union Cabinet approves Rs 1,500 cr infusion in IREDA, says Thakur

The government on Wednesday decided to infuse Rs 1,500 crore in the Indian Renewable Energy Development Agency Limited (IREDA), raising its lending capacity to Rs 12,000 crore

Tata Power Renewable Energy commissions 100 MW solar projs in Uttar Pradesh

Tata Power Renewable Energy Ltd (TPREL) has commissioned two solar power projects of 50 MW each in Uttar Pradesh. A subsidiary of Tata Power, TPREL has comissioned the solar projects at Prayagraj and Banda, a statement said on Monday. The projects have been completed by TPREL within the agreed timelines despite COVID challenges. The plants are expected to generate more than 221.26 million units annually. Approximately 1,59,600 modules were used in the project at Prayagraj and the installation is expected to reduce 91,137 lakh tonnes of carbon emission every year. At Banda, 1,67,440 modules were used over 236 acres of land. The statement said the plants at Prayagraj and Banda are expected to reduce 1,77,037 lakh tonnes of carbon emission annually. Praveer Sinha, CEO & MD of Tata Power, the commissioning of the projects has strengthened its position as a leading renewable energy company. Despite the various COVID challenges faced by the industry, TPREL through Tata Power's EPC ar

2 bn units of renewable energy procured for aluminium smelter: Vedanta

Vedanta on Thursday said it has procured about 2 billion units of renewable energy through power exchanges for its aluminium smelter located in Jharsuguda, Odisha.

Artha Energy launches Fintech platform for investing in Renewable assets

Firm says this is first such fintech platform for HNIs to own and invest in renewable assets; the facility already has assets worth Rs 7 crore which includes four projects

What is at stake for the US biofuel blending law in 2022 and beyond

The program was designed to mandate certain volumes of renewable fuels to replace or reduce petroleum-based fuels

Renewable energy generation capacity addition to touch 16 GW in FY23: ICRA

India's renewable energy capacity addition is estimated to touch 16 GW in the next financial year in view of the strong pipeline of 55 GW clean energy projects, according to ICRA.

Zero the way to go

Over the past few years there has been a rapid shift in the strategy for waste management in the country