Page 5 - Renewable Energy

Five changes that can help India reach its green energy goal faster

Experts say India will need systemic changes in policy and electricity infrastructure to quickly ramp up its renewable energy capacity

India to produce 50% energy from renewables by 2030: Modi at G20 meet

Prime Minister says there should be no restrictions on energy supply, seeks 'return to the path of ceasefire and diplomacy in Ukraine'

Global cooperation is not necessary to fight climate change

Efforts to strengthen multilateral cooperation on climate change are likely to be futile. But competitive technological progress, even if promoted by protectionist policies, could save the planet

India expected to see faster progress towards clean energy economy: Report

At least three of the four top emitters of greenhouse gases -- China, the EU and India -- are expected to see faster progress towards a clean energy economy than they have set out in national plans or NDCs, according to a new analysis released on Monday, coinciding with the UN climate summit in Egypt. According to "Global Carbon Budget Report 2022", the top four CO2 emitters in 2021 were China (31 per cent), the US (14 per cent), the European Union (8 per cent) and India (7 per cent). The report, "Big Four: Are major emitters downplaying their climate and clean energy progress?", by the UK-based Energy and Climate Intelligence Unit, suggests interconnected global crises and market mechanisms are driving the shift towards electric vehicles, low-carbon heating and renewables around the world, in particular in those four countries. Rapid price reductions, which make wind and solar power vastly cheaper than fossil fuel alternatives, concerns over energy security and access, and in Europ

Sembcorp acquires 100% stake in GIP-backed Vector Green for Rs 2,780 cr

Vector has a total portfolio of 583 Mw across 13 states; deal will take Sembcorp's gross renewable assets in India to 3 Gw

'Greening' of coal: A peek into India's evolving stance towards emission

The war in Ukraine has forced India to review its plans to scale back the fuel in the overall energy mix

Aim to source 70% power requirement from solar energy in FY24: ABD

Allied Blenders and Distillers (ABD) on Wednesday said it plans to source 70 per cent of its power consumption from solar energy in the next financial year. In FY22, ABD's units consumed approximately 27 lakh units of electricity from local electricity boards. "Allied Blenders and Distillers (ABD) Ltd, India's largest domestic alcobev company, announced that it is aiming to replace 70 per cent of the power with renewable solar power in the next financial year (FY'24)," a company statement said. To achieve, this ABD is installing solar power plants in seven of its units. Total installed capacity of these plants will be 1,400 KW. Environmental, Social and Governance (ESG) is to take steps to make a difference for the business and the world. The Government of India and respective states are taking several initiatives for cleaner energy and this initiative addresses a similar thinking, it added. Shekhar Ramamurthy, Executive Deputy Chairman, ABD, said, "We have instilled ESG at the he

India can bring world together for better future, says PM Narendra Modi

Modi unveils logo, theme, website of India's upcoming G20 presidency

India can bring world together for better future, says PM Narendra Modi

Modi unveils logo, theme, website of India's upcoming G20 presidency

European Parliament to vote policy to ensure shift to renewable energies

Ironically coinciding with the Finance Day at COP27 in Egypt, this loophole would be in stark contradiction to the imperative to end all fossil fuel subsidies as soon as possible

COP27: Indian Railways mulls solar power push to meet net-zero norms

This is in line with the commitment of the national transporter to be net carbon-zero by the end of this decade

Renewable energy ministry to continue Bio Energy Programme till 2025-26

The Ministry of New & Renewable Energy on Monday said it will continue National Bio Energy Programme till 2025-26 with a budget outlay of Rs 858 crore for the first phase. The programme will aid the use of huge surplus biomass, cattle dung, and industrial and urban biowaste available in the country for energy recovery. "The Ministry of New and Renewable Energy (MNRE) has notified the National Bioenergy Programme on November 2, 2022," an MNRE statement said. The MNRE has continued the National Bioenergy Programme for 2021-22 to 2025-26. The programme was recommended for implementation in two Phases. Phase-I has been approved with a budget outlay of Rs 858 crore, it stated. The National Bioenergy Programme will include the three Sub-schemes: Waste to Energy Programme, Biomass Programme and Biogas Programme. The Waste to Energy Programme (Programme on Energy from Urban, Industrial and Agricultural Wastes /Residues) will support the setting up of large Biogas, BioCNG and Power plants

India needs $300 bn more to meet 2030 renewable capacity goals: Report

India will need additional investment of around USD 300 billion to complete the 500-gigawatt renewable energy capacity target by 2030, according to a report. With 165 gigawatts (GW) generation capacity already in place, the country is on the right trajectory to meet its goal of having 50 per cent of energy needs through the renewable portfolio, the Arthur D Little (ADL) report said on Monday. "India needs (additional) strategic investments of over USD 300 billion to achieve its clean energy capacity target of 500 GW by 2030," the study titled 'Powering India's Energy Vision 2030' said. As per the study, India's electricity consumption is expected to grow at an annual rate of 5.4 per cent over the next decade, with annual demand touching 2,300 billion units (BUs) by 2030. However, at the current pace, generation will reach only 2,024 BUs by 2030, it said.

Spotlight on innovation in non-solar areas in emerging green energy sector

Businesses built on renewable infrastructure are gaining traction but banks are still figuring out ways to finance them

Best of BS Opinion: Fighting inflation, blurred energy nirvana & more

Here is the best of Business Standard's opinion pieces for today

Adani New Industries installs wind turbine, taller than Statue of Unity

A wind turbine taller than the world's tallest Statue of Unity with blades spanning wider than the wingspan of a jumbo jet has been installed at Mundra in Gujarat by Adani New Industries Ltd as part of its renewable energy expansion plans. "Adani New Industries Limited (ANIL) on Thursday announced the installation of country's largest Wind Turbine Generator (WTG) in Mundra, Gujarat," a company statement said. The turbine has been installed by Mundra Windtech Ltd (MWL), a wholly-owned subsidiary incorporated by Adani Enterprises Ltd (AEL). This prototype is also the first addition to the portfolio of Adani New Industries Ltd (ANIL) and has laid the foundation for installation of even bigger wind turbine generators, it stated. Milind Kulkarni, Chief Operating Officer (COO), MWL, said, "The proto assembly was completed in a record of 19 days. It is installed, commissioned, and we shall soon go for a type certification now." "This prototype has laid a foundation stone for us to go for

Blurred energy nirvana: The world is fast turning green

Even though coal is back on the table, renewable energy is growing strongly

JSW Energy Q2 net up 37% to Rs 466 cr; Parth Jindal joins board

Revenue up 16% YoY to Rs 2,596 cr; finance cost rises by 7% due to additional borrowings for ongoing capex

India likely to see biggest jump in energy demand globally, says IEA

India is likely to see the world's biggest rise in energy demand this decade, with demand climbing 3 per cent annually due to urbanisation and industrialisation, the International Energy Agency (IEA) said in its World Energy Outlook released on Thursday. While the push for renewable energy will see it meeting as much as 60 per cent of the growth in demand for power, coal will continue to meet a third of overall energy demand by 2030 and another quarter will be met by oil. "India becomes the world's most populous country by 2025 and, combined with the twin forces of urbanisation and industrialisation, this underpins rapid growth in energy demand, which rises by more than 3 per cent per year in the Stated Policies Scenario (STEPS) from 2021 to 2030," IEA said. "It sees the largest increase in energy demand of any country." Even though India continues to make great strides with renewables deployment and efficiency policies, the sheer scale of its development means that the combined ...

Global crises can speed up transition towards clean energy: Report

Spiralling energy costs caused by various economic factors and the Ukraine war could be a turning point toward cleaner energy, the International Energy Agency said in a report Thursday. The Paris-based organisation found the global demand for fossil fuels, including coal, oil, and natural gas, is set to peak or plateau in the next few decades. The report looked at scenarios based on current policies and said that coal use will fall back within the next few years, natural gas demand will reach a plateau by the end of the decade and rising sales of electric vehicles mean that the need for oil will level off in the mid-2030s before ebbing slightly by mid-century. Total emissions are currently going up each year, but slowly. "Energy markets and policies have changed as a result of Russia's invasion of Ukraine, not just for the time being, but for decades to come, said the IEA's executive director Fatih Birol. A surge in demand following COVID-19 pandemic restrictions lifting and ...