Page 6 - Renewable Energy

CO2 emissions rise in 2022, but more slowly due to renewables growth: IEA

The International Energy Agency said Wednesday that it expects carbon emissions from the burning of fossil fuels to rise again this year, but by much less than in 2021 due to the growth in renewable power and electric cars. Last year saw a strong rebound in carbon dioxide emissions the main greenhouse gas responsible for global warming after the global economic downturn caused by the coronavirus pandemic in 2020. The Paris-based IEA said CO2 emissions from fossil fuels are on course to rise by almost 1% in 2022 compared to the previous year. That's nearly 300 million metric tons of CO2 more than in 2021, when the burning of gas, oil and coal released about 33.5 billion tons of CO2. This year's increase is driven by power generation and by the aviation sector, as air travel rebounds from pandemic lows, the agency said. While coal emissions grew 2% as countries that previously imported natural gas from Russia scrambled for other energy sources, this didn't outweigh the expansion of

Growth in renewables saved $11 bn for EU in gas imports since Ukraine war

Clean power covered 24% of the EU's energy needs between March and September this year, the highest ever for this six-month period, according to a study by think tanks E3G and Ember

Solar manufacturing PLI to create 90 Gw addl capacity in India: R K Singh

India to have more than 60% power generation from RE by 2030, says minister

Greenko plans to raise up to $4.5 billion for renewable energy projects

Sources said Greenko Group had 7.5 gigawatt (Gw) of installed capacity across solar, wind and hydropower generation assets in 15 states in India

Adani group eyeing to raise $10 billion for renewables, cement arms

Small investors may look at gaining small stakes in the Adani group. However, bigger firms may soon launch joint ventures with the group in the coming days

India, US launch new energy storage task force to support clean energy

India and the United States on Friday announced the launch of a new energy task force to support large-scale integration of renewable energy needed to support the clean energy transition. The announcement of the initiative, which will further strengthen the India-US partnership in the critical energy sector to an altogether new level, came following a bilateral meeting between Union Minister of Petroleum and Natural Gas Hardeep Singh Puri and US Energy Secretary Jennifer Granholm here. During the meeting the two leaders underscored the critical importance of bilateral clean energy engagement to strengthen energy security and to accelerate clean, secure, and just energy transition. Meeting amidst volatility in global energy markets, continuing recovery from the COVID-19 pandemic, and increasingly frequent climate-related challenges, the two leaders underscored the importance of ensuring reliable energy supplies to ensure balanced energy markets, including India's support for the US .

India may start leasing out sea floor for offshore wind projects: Report

In Tamil Nadu, the ocean floor along its 1,076-km coastline may be bid out, while in Gujarat, the wind farm projects will be floated on the viability gap funding (VGF) route

Adani Greens forms 3 new subsidiary companies for renewable energy biz

Adani Renewable Energy Holding Four Limited has incorporated three new subsidiary companies for renewable energy business. In a statement on Monday, Adani Green Energy Ltd (AGEL) said Adani Renewable Energy Holding Four Limited is its own subsidiary and the newly incorporated entities are its step-down subsidiaries. "Adani Renewable Energy Holding Four Limited has incorporated 3 new subsidiaries. The main objective of the new subsidiaries is to generate, develop, transform, distribute, transmit, sale, supply any kind of power or electrical energy using wind energy, solar energy or other renewable sources of energy," it said. The names of three new subsidiary companies are Adani Renewable Energy Thirty Six, Adani Renewable Energy Forty Limited and Adani Renewable Energy Forty Seven Limited. The subsidiaries were incorporated and registered with the Registrar of Companies, Gujarat at Ahmedabad on October 3, 2022 and are yet to commence its business operations.

India is where climate tech meets global venture capital

The country's post-Covid resurgence has been backed by better roads and infrastructure, and a manufacturing turnaround

Green energy majors to invest nearly Rs 19,000 crore in Uttar Pradesh

According to a senior govt official, the state is aligning with the overarching target of the Centre to achieve a 450 gigawatt (Gw) in renewable energy and 500 Gw in non-fossil energy capacity by 2030

Solar projects awarded before customs duty change allowed cost pass-through

Change in law allowed for hike in GST rate too as project developers face cost hikes

Suzlon Energy rights issue of Rs 1,200 crore to open on October 11

Suzlon Energy on Wednesday announced opening of its Rs 1,200 crore rights issue on October 11, 2022. "Suzlon Energy Ltd announces the opening of its Rs 1,200 crore rights issue on October 11, 2022," a company statement said. According to the statement, the company will issue up to 2,40 crore partly paid-up equity shares for cash at a price of Rs 5 per share (including a premium of Rs 3 per rights equity share) aggregating up to Rs 1,200 crore. The issue will be in the ratio of 5 rights equity shares for every 21 fully paid-up equity shares held by the eligible shareholders on the record date of October 4, 2022. The last date of on-market renunciation of rights entitlements is October 14, 2022. The promoters and promoter group have confirmed their participation and they will be fully subscribing to the extent of their rights entitlement, the statement said. The funds raised through the issue will be used for repayment or pre-payment of a portion of certain outstanding borrowings ..

Adani Group to invest $100 bn in a decade, focus on energy transition

Company in sight to become one of the least expensive producers of green electron and green hydrogen, says Gautam Adani

Data centre business to double by 2024, demand to help real estate: Reports

Investments in data centres expected to surpass $20 billion by 2025, with smaller cities gaining too

Govt looking to plug loophole in solar equipment import duty: Report

The central government is looking at ways to plug a loophole in regulations that are allowing solar power developers to avoid paying duties of nearly 40% on cells and modules

Energy crisis shows gasoline demand declining, renewables on the rise

With prices of natural gas and coal heading to record highs and those for crude oil not far below their 2008 peak, the world seems more hooked on carbon than ever

Citigroup sets India as high priority market amid rising China risks

The nation saw a record $82 billion in merger and acquisition deals in the second quarter, defying a slump elsewhere

World's second-biggest fortune fails to halt rout in bonds of Adani firms

Stocks of firms in Gautam Adani's business empire -- spanning ports to gas distribution and coal mining -- have jumped in part on soaring energy prices

Amazon draws roadmap for 100% dependence on renewable energy by 2025

Amazon also announced it was expanding its renewable energy portfolio globally, with an additional 2.7 gigawatt (Gw) of clean energy capacity across 71 new renewable energy projects

Amazon drives renewable energy push with 71 new projects

The new projects include three large-scale plants in Rajasthan with a capacity of 420 megawatts, rooftop solar projects in France and Austria, and its first solar farm in Poland