BUSINESS
Green hydrogen as energy storage could be as low as Rs 6/kWh: RK Singh
The government is soon going to come out with a pilot bid for 100 MW of green hydrogen as energy storage.
BUSINESS
Green energy contributes over 50% power generation in around 30% countries: IEA
This was largely driven by greater awareness about climate change and the need to address it, as well as falling cost of generating renewable energy.
BUSINESS
Govt asks states to start buying pooled power to meet rising demand
States and distribution companies have been asked to buy power aggregated from coal and gas-based plants that are older than 25 years.
BUSINESS
Exclusive: Focusing on the ‘cooling’ sector will bring the biggest and fastest gains, says EESL chief
Vishal Kapoor said Energy Efficiency Services Limited is looking to expand its client base to MSMEs, offering them 35 energy-efficient technologies.
BUSINESS
India-Saudi energy MoU spans renewables, carbon capture, grids, hydrogen, cyber-security, and petroleum reserves
The MoU shall remain in effect for five years, and it shall be automatically be renewed for a similar period, read the document seen by Moneycontrol.
BUSINESS
Exclusive: India has pledged $25 mn, to be an anchor investor to help fight climate change in other nations: Ajay Mathur, International Solar Alliance
India’s goal is to be net zero by 2070, which means that our electricity sector has to get there sometime in the 2050s. However, coal will continue to be essential, because at night when the sun is not shining, that’s what we rely on. But it will need to be abated with carbon capture and storage.
BUSINESS
G20 vows on 3-fold green power capacity by 2030, net zero by mid-century
The New Delhi Leaders' Declaration cited the need of $5.8-5.9 trillion in the pre-2030 period for developing countries to implement their NDCs apart from the $4 trillion per year required for clean energy technologies to reach net-zero by 2050
INDIA
Biden at G20: India and US forge $1 billion fund for renewable energy
India and the US are advancing investment platforms to cut capital costs and speed up the deployment of renewable energy, battery storage, and green technology in India.
BUSINESS
G20 Summit 2023: Climate-energy talks among most fiercely negotiated topics
G20 countries have been divided over commitments on phasing down fossil-fuel use, especially coal; tripling renewable energy capacity by 2030; doubling the global rate of emission technologies; and finance for a just and green energy transition in the developing nations.
BUSINESS
Government issues 8-point plan to ensure power supply amid record demand
The plan includes shifting maintenance of power plants to low-demand periods and redirecting surplus electricity to needy states
BUSINESS
Union Cabinet approves Rs 3,760 crore viability gap funding for battery energy storage systems
Battery energy storage systems will be able to store excess RE power for use during the night peak hours. With the VGF, the government is hoping to reduce the cost of battery storage, needed for round-the-clock renewable energy, from the current Rs 10 per kilowatt-hour (kWh) to Rs 5.50-6.6 kWh by 2030-31.
BUSINESS
India must emerge as green hydrogen refuelling hub for shipping industry: RK Singh
The Union minister confirmed Moneycontrol's newsbreak on the government's plan to use green ammonia and green hydrogen as energy storage systems
BUSINESS
Thermal power plants have adequate availability of coal: Ministry of Coal
Coal ministry data showed that there has been a significant 53.13 percent decline in the import of thermal coal for domestic coal-based power plants for blending from 19.2 million tons (MT) in April-August, 2022 to 9 MT in April-August, 2023.
BUSINESS
PowerWatch: As demand climbed to 240 GW on Sept 1, peak shortage hit the roof at 11 GW
Coal has been contributing about 70 percent to India's total energy mix, while pure renewable energy sources hover around 9 percent.
BUSINESS
Govt extends mandatory blending of imported coal in thermal power plants till March 2024
The peak power demand met during the day hit a record high of 240 GW on September 1. However, the power shortage or the demand that could not be met also hit a record high of 10 GW
BUSINESS
NTPC to scale up production of green coal
The green fuel can help address the issue of farm fires and produce renewable power while generating thousands of crores in annual revenue, said Gurdeep Singh, chairperson and managing director of NTPC Ltd.
BUSINESS
Himachal floods delayed Parbati-II hydropower project commissioning to FY25
NHPC Ltd CMD RK Vishnoi also said that the first and second units of the Subansiri Lower hydroelectric project in Arunachal Pradesh will be commissioned in January and March, 2024 respectively.
BUSINESS
Gas-based power generation to be used as a last resort and for grid stability: NTPC CMD
NTPC is set to sign a supply agreement for another four-and-a-half years with GAIL to ensure further availability of gas in the long run.
BUSINESS
Reliance AGM 2023: RIL chalks out roadmap for $1/kg green hydrogen production target in India
RIL will simultaneously set up a fully-integrated, automated, giga-scale electrolyser manufacturing facility, Ambani said
BUSINESS
Reliance AGM 2023 | Solar giga-factory at Jamnagar to be ready by end of 2025: Mukesh Ambani
RIL is developing a manufacturing ecosystem critical to achieving cost-efficient wind power generation at giga scale. It is also going to scale up its energy storage project for round-the-clock renewable energy for its captive requirements as well as the growing electricity demand of the country.
BUSINESS
Bullish on India | Lot of global capital looking to tap Indian clean energy space: Sumant Sinha of ReNew
The India opportunity is so attractive right now, and the next 25 years are truly going to be India's years, says Sumant Sinha, founder, chairperson and CEO of ReNew. We'll need almost $500 billion just for the electricity sector over the next 7-8 years, he says.
BUSINESS
B20 Summit | Global South will lead the world economy, but resources must flow in: Amitabh Kant
Two-thirds of the growth of the world is going to come from the Global South if resources are made available, Kant said, and added that the existing international financial architecture is heavily weighed against the bloc right now
BUSINESS
Green hydrogen mandates for hard-to-abate sectors to be put up before cabinet soon: RK Singh
The Union minister said in just about 10 months India already has a pipeline of 5.8 million tonnes of green hydrogen and 37 million tonnes of green ammonia orders that have already been backed or are in the pipeline.
BUSINESS
Exclusive: Government to invite bids for green ammonia-based energy storage systems
While the cost of BESS remains the highest at Rs 10 per kWh, the cost of pumped hydro has now come down from about Rs 8 to about Rs 5 kWh. A tender for green ammonia to be used for energy storage will be a first in India
