Page 3 - Renewable Energy

bp slows transition to renewable energy as oil bonanza continues

Announces further $2.75 bn in share buybacks; annual profit more than doubles to a record $28 bn

India adopting environment-friendly development model: Sultan Al Jaber

President-designate for COP28 UAE Sultan Al Jaber on Tuesday made the case for a pro-growth, pro-climate agenda to support an inclusive energy transition that leaves no one behind.

Renewables, hydrogen to make India world's third largest economy: PM Modi

Prime Minister Narendra Modi on Monday laid out his vision of making India the world's third-largest economy with a focus on renewable energy, biofuels and hydrogen as he pivots a roadmap to cut reliance on imported oil and gas. Modi met top oil and gas industry leaders for the annual brainstorming to discuss ideas and initiatives to put India on a sustainable growth path, sources aware of the matter said. The meeting on the sidelines of the India Energy Week here saw the Prime Minister outline his vision to make India the world's third-largest economy from the current fifth-largest. For this, the fuel needed should come from renewables, biofuels and hydrogen. Sources said at the meeting Modi spoke of using 100 per cent renewable energy and increasing blends of ethanol and biofuels in traditional fuels. Also, he talked about making India the world's largest hydrogen-producing nation. Hydrogen is the cleanest known fuel which on burning emits only water and oxygen. Sources said he

How an easy govt timeline on green hydrogen provides a breather to Adani

Among its renewable energy projects, the Adani group's massive planned investments in green hydrogen would be the easiest to scale back given the government's benign targets

Green growth push

New initiatives have long-term potential

IEA will support India's green tech manufacturing roadmap: Fatih Birol

In a Q&A, the executive director of global agency outlines his plans to discuss with the govt measures to divert critical mineral production and refining

Economic Survey: Non-fossil fuel energy capacity expected to triple by FY30

To achieve target for installed capacity, it will have to grow at CAGR of 16.25%

Uncounted costs of energy transitions to reduce carbon emissions

States with the most to lose from the rise of RE power are yet to start preparing their economies and people for the shift

RE company SolarArise sells portfolio to LSE-listed investment trust

Indian company has a portfolio of solar power projects in five states

Budget 2023-24 wishlist: Here are the key challenges in oil & gas sector

Emergence of renewable fuels causing displacement of petroleum fuels' demand

Budget 2023-24 wishlist: Here're key challenges in renewable energy sector

India missed the 175-Gw green energy target by the end of 2022 by 55 Gw as due to slow progress in project development

Ind vs NZ ODI LIVE: India wins by 12 runs after surviving Bracewell scare

Catch all the latest news and updates from around the world here

Repowering old windmills can attract Rs 40,000-crore investments: Report

Commercial and industrial customers will find Rs 4/unit tariffs lucrative compared with grid tariff of Rs 7-8/unit in Gujarat and Tamil Nadu

Tata Power Renewables Ltd to set up 3 MW solar plant in Maharashtra

Tata Power Renewables Limited (TPREL) on Wednesday said it will set up a 3.125 MW solar plant at Himayatnagar in Maharashtra

Tata Power plans to raise up to Rs 2,000 cr via bonds to finance biz ops

Tata Power's gross debt marginally rose to Rs 49,535 crore as of September this year, from Rs 47,590 crore as of March

Entire op capacity now zero-waste-to-landfill certified: Adani Green Energy

Renewable energy firm Adani Green Energy on Tuesday said that its entire operating capacity is now zero-waste-to-landfill certified. "Adani Green Energy Ltd (AGEL), the renewable energy arm of the diversified Adani portfolio companies has received the Zero Waste to Landfill (ZWL) certification for 100 per cent of its operating capacity," a company statement said. This assessment was undertaken by Intertek, which delivers innovative and bespoke assurance, testing, inspection and certification solutions. The robust audit procedure by Intertek was undertaken on the data/information until FY22, it stated. This certification validates that the AGEL has in place a fully effective waste management system for all its operational sites, it noted. The AGEL has successfully achieved the landfill diversion rate of 99 per cent. Ever since AGEL undertook the target to become a Zero-Waste-to-Landfill (ZWL) certified company for its 100 per cent of operating capacity by 2024-25, it has complied w

NTPC Group crosses 3GW of operational renewable energy capacity

State-owned power giant NTPC on Tuesday said that the NTPC Group including joint ventures and arms crossed 3GW of operational renewable energy (RE) capacity. The NTPC Group achieved this milestone with commissioning of first part capacity of 100 MW out of 300 MW Nokhra Solar PV Project at Bikaner, Rajasthan from 00:00 hours of December 20, 2022, a company statement said. NTPC group had crossed 2 GW on June 24 this year with the commissioning of its 92 MW floating solar project at Kayamkulam, Kerala. The company now has 36 operational RE projects spread across 12 states with a cumulative capacity of 3,094 MW. The capacity includes the largest floating solar portfolio of 262 MW in the country with two largest floating solar PV (FSPV) projects located at Ramagundam in Telangana and Kaymkulam in Kerala. NTPC has added 1,242 MW of renewable energy capacity in the current fiscal. As on date, a total of 4.8 GW capacity is under different stages of implementation and another 7.3 GW is un

Sterling and Wilson RE promoters to sell up to 10 mn share for Rs 270 cr

Sterling and Wilson Renewable Energy promoters Shapoorji Pallonji and Company and Khurshed Yazdi Daruvala will sell up to one crore equity shares through the offer for sale route at a floor price of Rs 270 per piece on Wednesday and Thursday. Khurshed Yazdi Daruvala proposes to sell up to 30,00,000 equity shares representing 1.58 per cent of the total issued and paid-up Equity Share capital of the Company on December 20 and 21, 2022 at a floor price of Rs 270 per share, a BSE filing showed. Shapoorji Pallonji and Company Private Ltd proposes to sell up to 70,00,000 Equity Shares representing 3.69 per cent of the total issued and paid-up equity share capital of the company on Wednesday and Thursday at Rs 270 per share. The offer for sale is being undertaken to meet the minimum public shareholding norms. Promoters hold around 76.69 per cent stake in the company as of September 2022. Shares of the company declined by 1.87 per cent to close at Rs 283.40 per piece on BSE on Monday.

Here's why Indian renewable energy plan pales in front of Europe and China

An International Energy Agency report suggests that New Delhi's action on renewable deployment on the ground pales in front of Europe and China

Non-fossil sources to meet 62% of total energy demand by 2030: Official

India is expected to source about 62 per cent of its energy requirements from non-fossil sources by 2030, about 12 per cent more than the target, according to a senior power ministry official. India is already sourcing about 42 per cent of its energy requirements from non-fossils sectors, Additional Power Secretary Ajay Tiwari said at South Asia (BBIN) Power Summit organised by industry body Confederation of Indian Industry here on Friday. According to official data, the total installed electricity generating capacity in the country was 409 GW, including 166 GW of renewable generating capacity (including large hydro) as of October 31, 2022. "Going by the current pace and trajectory, India is likely to source about 62 per cent of its energy requirements from non-fossil sources by 2030, exceeding the target it has set for itself for sourcing about 50 per cent of energy requirements from non-fossils sources by that year," Tiwari said. According to the power ministry, the country's ...