Clean Energy

May 23, 2023 08:53 AM IST

Rising share of non-fossil fuels to make power generation in India cleaner

Renewable energy sources will likely account for 64 percent of India’s installed capacity mix for power generation by FY30, according to official estimates.

India's enthusiasm for clean energy is a lesson for developed countries

A far cry from its earlier wariness for international climate conferences, India is taking the initiative, fuelled by the growing self-confidence of a country that’s seeing the fastest economic growth this year among G20 economies.

Ban diesel four-wheelers by 2027 in cities with million-plus people, says energy transition panel

The panel has also said that no diesel buses should be added to city fleets from 2024 and by 2030, ‘no city buses should be added which are not electric’

Govt cracks down on delayed green power projects; extension only after merit review

Extension on the scheduled date of commissioning of solar or hybrid projects will be examined on a case-by-case basis. If found that adequate measures such as land acquisition or placing orders for modules have not been done as yet, then the entire project will be liable for cancellation, the MNRE stated.

Serentica Renewables bags $250 million additional funding from KKR

This latest investment builds on the $400 million investment from KKR in November 2022.

Rare-earths PSU miner eyes 400% expansion for clean energy

State-owned IREL (India) Ltd. aims to mine 50 million tons a year of rare-earths bearing ore by end-2032, up from 10 million tons now, Chairman D. Singh said in an interview. That would it allow it to produce 13,000 tons annually of refined rare earths, versus 5,000 tons at present.

Short Call: Bank stocks, investors ignore bullish signals in hotel sector, electric vehicles, strategic pacts

Shares of leading banks are beginning to stabilise after the sell-off in the last couple of months. The sector has lost some its sheen as rising deposit rates are likely to bite into net interest margins.

The Green Pivot: Robust order book steers Thermax out of the woods

Private sector order flows have seen robust additions. Strong execution and supply chain management skills are bound to translate these orders into better revenue growth

There is growing momentum towards emerging clean energy technologies, says TV Narendran

This transition to net zero will also require coordinated efforts spanning all stakeholders including government, private sector and civil society, he added.

Green hydrogen: Prominent names set to benefit from government push

Nomura prefers Reliance Industries and Larsen and Toubro as the major players in the green hydrogen segment.

Know your stock | Earnings cheer, renewable biz prospects spur interest in Torrent Power

The integrated power player is expected to be one of the prime beneficiaries of the government's thrust on the clean energy transition. It has a presence across the entire power value chain, including generation, transmission and distribution, and seems to be well-positioned to capitalise on the opportunities in the sector, believe analysts.

ReNew to explore investment opportunities in hydrogen segment: Chairman Sumant Sinha

Chairman Sumant Sinha made the remarks on the sidelines of an event organised in the national capital for re-branding his company ReNew Power as ReNew.

Union Budget gives India’s Green Hydrogen Mission a shot in the arm

The Indian government, in its annual budget, allocated Rs. 197 billion for the Green Hydrogen Mission. Green hydrogen could become an alternative to fossil fuels in long-haul transport like shipping and trucking.

This year will be challenging, especially for energy-importing countries: IEA chief

Birol says clean energy is growing very strongly, but the oil and gas markets are still volatile

Budget 2023: How green was it?

Budget 2023: 'Green Growth' among 7 priority sectors for govt

Budget 2023: The "Green Growth" priority sector is a step towards India's resolve to achieve Net Zero by 2070.

Budget 2023 should give priority to the development of green energy  

Policy changes and increased allocations to areas that expedite the implementation of reforms while allowing for the inclusion of diverse funding avenues should be included in Budget 2023

Budget 2023: Power sector proposes push for clean energy storage, transmission

Not only has the power ministry been pushing for the proposed green corridor between Ladakh and Haryana to be included in the upcoming Budget, it has also proposed a provision for viability gap funding (VGF) for battery energy storage systems (BESS).

Auto Expo 2023 | India can become exporter of Green Hydrogen with industry innovation: Nitin Gadkari

Auto Expo 2023: Speaking at the inaugural event, Gadkari expressed the government's appreciation for the automobile industry for "thinking seriously about alternative fuel."

Japan minister signs clean energy cooperation document during Saudi visit

The two ministers also highlighted the need to ensure safe supplies from all energy sources to global markets and noted that the kingdom is "the largest dependable source" of crude oil supplies to Japan and "a reliable partner in this aspect" as well, SPA said.

India chases clean energy, but economic goals put coal first

India’s subsidies for fossil fuels were nine times the size of clean energy subsidies in 2021, according to the International Institute for Sustainable Development.

Renewable energy push must ensure a just transition in power mix 

A clear-cut plan to support growth in clean power and a rehabilitation programme for those affected by the phase-out of coal are crucial to managing the shift in energy balance in an efficient way  

State-run SECI opens bids for $2.4 billion PLI for solar manufacturers

The state-run Solar Energy Corp. of India is seeking bids from solar manufacturers for 195 billion rupees of financial incentives, according to documents published on the agency’s website.

This KKR-backed startup is tapping PM Modi's decarbonisation drive

Prime Minister Narendra Modi is encouraging the gradual phase-out of fossil fuels after it set a target of getting to net zero by 2070.

As COP27 comes to a close, a look at the Top 15 buzzwords from this climate conference

From Implementation COP and The Paris Rulebook to nature-based solutions and methane emissions, check out what got everyone talking at this year’s climate summit.