Page 2 - Renewable Enrgy

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

Costly overseas funds forcing them to tap domestic sources

Solar energy generation capacity touches 16,000 Mw in Rajasthan

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

Parliament passes bill to mandate use of renewable energy, carbon trading

The Bill is expected to be a step for India toward fulfilling its goals of cutting emissions and the use of renewable energy

Bill to promote non-fossil energy sources, carbon credit trading passed

A bill seeking to mandate the use of non-fossil energy sources such as biomass, ethanol and green hydrogen was passed by Parliament on Monday. The Energy Conservation (Amendment) Bill, 2022 was cleared in Rajya Sabha by a voice vote on Monday. Lok Sabha passed the legislation in the previous session in August this year. The bill provides for penalties for violations by industrial units or vessels, and on manufacturers if a vehicle fails to comply with fuel consumption norms. The amendments also seek to promote renewable energy and the development of a domestic carbon market to battle climate change. The bill is also aimed at helping the country achieve its international commitments on climate change. It aims to introduce new concepts such as carbon trading and mandate the use of non-fossil sources to ensure faster decarbonisation of the Indian economy and help achieve sustainable development goals in line with the Paris Agreement. Replying to a debate on the bill, Minister of New

Carbon reduction hinges on share of renewables in energy: TKM's V Kirloskar

The share of renewable energy as a percentage of total generation is only 30 per cent. Unless this goes up I don't see carbon emission coming down, Kirloskar said

How the Fifa World Cup 2022 rebuilt a market for dodgy carbon credits

World Cup organizers have pledged to erase the event's negative environmental impact. They plan to make the event "carbon neutral" by buying offsets

Uttar Pradesh aims to generate 22,000 MW solar power in next 5 years

The UP Solar Policy-2022 will be applicable for five years

New coal plants may be asked to have mandatory renewable power generation

Power Ministry proposes changes to policy to meet country's climate goal of 50% green electricity by 2030

JSW Energy likely to close Rs 10,530-cr Mytrah acquisition by December-end

The deal, announced in August, is JSW Energy's largest till date; will take the firm's operational generation capacity to 6.5 Gw from 4.8 Gw now, and accelerate its plans to achieve 10 Gw by FY25

Environmental concerns, renewable energy key components of Modi govt: Puri

The need for addressing environmental concerns has been an integral part of Modi government's policy, Minister of Petroleum and Natural Gas Hardeep Singh Puri has said. He was speaking at a summit 'The Leaders for Inclusive and Progressive Change' organised by ILead Global Foundation to celebrate Azadi Ka Amrit Mahotsav on Friday. Delegates from 11 countries, renowned think tanks, academic organisations and universities participated in the summit. "The need to address environmental concerns has been an integral part of govt policy. From announcing an International SolarAlliance in 2015 to the #PanchAmrit strategy in 2021, PM Modi Ji laid out a roadmap for India's energy transition from the day he assumed office," Puri later said on Twitter. Minister of State for Defence and Tourism Ajay Bhatt spoke on India, the Cultural Centre of the World. He also threw light on India's cultural and historical lineage and emphasized how the country propagates the concept of the whole world as a

Investment in energy storage, smart grid rose 66% in Jan-Sep period: Report

Investments in the energy storage and smart grid globally grew 66 per cent year-on-year to record USD 25 billion in January-September period this year, according to a Mercom Capital report. The funding includes those through venture capital, public market financing and debt financing. "Total corporate funding for energy storage, smart grid, and efficiency companies in 9M 2022 was record USD 25 billion compared to USD 15.1 billion raised in 9M (January-September) 2021," the global clean energy consulting firm said in the report released on Wednesday. During January-September 2022, the energy storage segment garnered USD 22 billion funding through 92 deals. This is 69 per cent higher compared to the USD 13 billion raised in 74 deals in the year-ago period. The rest were made in smart grid and energy efficiency areas. Raj Prabhu, CEO of Mercom Capital said, the investments will continue to rise, with energy storage companies poised to play a vital role in the transition from fossil f

Saudi Arabia sets up carbon market firm to support net-zero goal

The Public Investment Fund said it started the Regional Voluntary Carbon Market Co. with Saudi Tadawul Group

Reverse auction must be done away with in solar: Vikram Solar vice chairman

In a Q&A, Gyanesh Chaudhary dwells on the gaps in the PLI scheme for solar projects and his company's current and future plans in this space

Gautam Adani to target Europe with huge Morocco clean energy project

The project, which would be Adani's largest clean power development outside India, could be as large as 10 gigawatts, according to one of the people

India, Saudi Arabia explore renewable energy projects via undersea cables

Saudi Energy Minister Prince Abdulaziz bin Salman, who will be visiting India on Friday, will discuss cross-country renewable energy projects

India to have over 65% power capacity from non-fossil fuels by 2030: Singh

India will have more than 65 per cent of its power generation capacity from non-fossil fuels by 2030, Power and New & Renewable Energy Minister RK Singh said on Monday. Addressing a CII conference on green energy, he explained that India is aiming for 65 per cent of power generation capacity from non-fossil fuels but the country will have more than that. India will have 90 GW of solar equipment manufacturing capacity by 2030, up from 20GW at present, he added. He also informed that about 15-20 GW of solar equipment manufacturing capacity is under construction and India will have 40 GW of such facilities under Production-Linked Incentive Scheme-II (PLI-II). The minister also urged the industry player to shift to the manufacturing of high-efficiency solar equipment. He stated that the country has already 170 GW of renewable energy (including large hydro), while another 80 GW is under construction. India has planned to have 500 GW of renewable energy by 2030. "We will not just reac

Several Indian corporate houses set to become carbon neutral by 2050

Companies including Mahindra & Mahindra, Aditya Birla Group, JSW Group, Adani Transmission, Vedanta, and Dalmia Cement have set decarbonisation goals to achieve carbon neutrality by 2050

2-day conference on power-renewable energy concludes in Rajasthan's Udaipur

A two-day conference of power and renewable energy ministers of states and UTs was held on October 14 and 15 in Rajasthan's Udaipur, concluded on Saturday, said the Ministry of Power.Union Minister for Power and New and Renewable Energy (NRE), RK Singh chaired the conference. Other than him, Union Minister of State for Power, Krishan Pal Gurjar, along with several other ministers and Principal Secretaries of States and UTs attended the event."During the Conference, detailed deliberations were held with a focus on the Financial Viability & Sustainability of the distribution sector, the modernization and upgradation of power systems, and the Development of Power Systems to ensure 24x7 power supply including investment requirement & Power Sector Reforms. The States provided their inputs and suggestions on each of these pertinent issues," the Ministry said in the release.As per the ministry, Considering the critical role of the distribution sector in ensuring financial and ...

Government weighs cancelling reverse auction for renewable power offers

According to data from the ministry of power, India has installed wind and solar capacities of 41.205 GW and 59.303 GW, respectively

How wind power fell behind solar in India?

Wind power, which had an impressive head start in India, has reported moderated growth in the last few years, with solar dominating the renewable energy mix. Why is it so? Let us find out