Israel launches plan to accelerate renewable energy deployment

Israel launches plan to accelerate renewable energy deployment

Last Updated: September 12, 2022

Israel

Jerusalem: Israel launched a plan to accelerate the deployment of renewable energy infrastructures throughout the country, the energy ministry has said in a statement.

The plan aims to set up renewable energy facilities in all-new, non-residential constructions in Israel, and to remove barriers to expanding the electricity grid to carry more electricity generated by renewable energy, Xinhua news agency cited statement as saying.

In addition, about 70 state-owned companies will integrate renewable energy into and improve energy efficiency for their existing assets and infrastructure.

From now on, renewable energy will be a factor considered in the planning and set up of all infrastructure and construction projects promoted by the government, the statement noted.

Source Link: https://energy.economictimes.indiatimes.com/news/renewable/israel-launches-plan-to-accelerate-renewable-energy-deployment/94140862

Betting on green hydrogen to fulfil energy needs ‘risky’, finds study

Betting on green hydrogen to fulfil energy needs ‘risky’, finds study

Last Updated: September 09, 2022

Green Hydrogen

EU target to replace natural gas, coal and oil in some sectors;

But global electrolyser capacity needs to grow 6,000-8,000-fold by 2050 en

Countries have been betting on  — hydrogen produced from splitting water using renewable energy — to meet their climate goals. But a new study has warned against relying on this green technology, calling it a “risky bet”.

Its supply will likely remain scarce in the short-term and uncertain in the long term even if its growth is at par with solar and wind energy, according to the study published in journal Nature Energy.

Green hydrogen would likely supply less than 1 per cent of final energy globally by 2035. The European Union could reach the 1 per cent mark by 2030, as energy prices are soaring, the paper stated.

The EU set a target of achieving 10 million tonnes of domestic renewable hydrogen production May 18, 2022. It plans 10 million tonnes of imports by 2030 to replace natural gas, coal and oil in certain industries and transport sectors. 

The challenges in ramping up the supply of electrolysers — a device in which green hydrogen is produced — were analysed by researchers from Germany and the United States. 

“Electrolysis capacity is still tiny compared to where we need to be in 2050 for Net Zero emissions scenarios,” Adrian Odenweller, lead author from the Potsdam Institute for Climate Impact Research, told Down To Earth.

“That makes the market ramp-up a huge challenge,” he added. The team used a computer simulation model that explored different scenarios of accelerating electrolysis capacities, including implementing strong policies.

Green hydrogen would remain scarce in the short term, leading to a supply-demand gap even if the technology grows at rates similar to solar and wind, showed the analysis. 

“In the long run, the market ramp-up of electrolysis capacity is uncertain, which carries risks for climate change mitigation,” Odenweller said.

Global electrolyser capacity needs to grow 6,000-8,000-fold by 2050 to contribute to climate neutrality scenarios compatible with the Paris Agreement. 

In contrast, the more available and cost-competitive option of renewable power needs to grow by 10-fold, the experts highlighted. However, the study offers some hope. Implementing strong policies could reverse the setbacks. 

“Historic analogues also suggest that emergency-like policy measures could foster substantially higher growth rates, expediting the breakthrough and increasing the likelihood of future hydrogen availability,” the senior scientist at the Potsdam Institute for Climate Impact Research said in a statement.

In addition to ramping up supply, policies should also boost infrastructure and demand, Odenweller said. “Fostering green hydrogen growth will therefore require strong dedication, coordination and funding along the entire value chain,” he added.

However, carbon pricing, he added, should always form the basis of climate policy. Carbon pricing is a policy tool that puts a tax on producers of greenhouse gas emissions, said experts.

Hydrogen incentives may help sectors where no other alternatives exist, such as steel, or power supply in hours of low wind and solar electricity generation.

Still, relying on the large-scale availability of green hydrogen is, therefore, a risky bet if hydrogen is not readily available and affordable in the future, the paper stated. This may lead to a fossil lock-in, delaying or preventing the transition to low-carbon alternatives.

The researchers recommended accelerating the roll-out of crucial zero-carbon technologies like electric mobility and heat pumps. “These technologies make more efficient use of scarce renewable electricity,” Odenweller said.

Source Link: https://www.downtoearth.org.in/news/renewable-energy/betting-on-green-hydrogen-to-fulfil-energy-needs-risky-finds-study-84841

NTPC gains after company inks agreement with Indian Army to supply renewable energy

NTPC gains after company inks agreement with Indian Army to supply renewable energy

Last Updated: September 09, 2022

NTPC

This is the first agreement by Indian Armed Forces to procure power from renewable energy sources

Shares of state-run National Thermal Power Corporation (NTPC) gained 1.5 percent in early trade on September 9 and the stock was among the top gainers on National Stock Exchange, after the company announced that it has inked an agreement with the Indian Army to supply renewable energy.

According to agencies, the Army’s Western Command has signed a long-term agreement with NTPC to draw 25 MW of solar power directly from the national solar grid of the country for the next 27 years.

“This is the first agreement by Indian Armed Forces for sourcing power from renewable energy sources,” said NTPC in a Twitter post.

The scrip traded around Rs 169 a piece on the NSE at 10 am, close to its 52-week high of Rs 170, hit on September 7.

According to a statement issued by the Western Command Headquarters in Chandimandir, where the MoU was inked, the new move will decarbonize upto 38 percent of the energy portfolio of Western Command, apart from accruing a substantial savings to the exchequer.

“This initiative aligns the command to the National Solar Mission of the Government of India and weans it away from the archaic coal-based thermal energy being provisioned so far, that too at a higher tariff rate,” the statement added.

The solar energy will be sourced from Sholapur in Maharashtra.

Meanwhile, analysts are largely bullish on NTPC. Emkay Global has a ‘Buy’ call with a March 2023 target price of Rs 188.

“NTPC is expected to monetize its renewable energy assets in the near future and continues to target 60+GW RE assets by 2032. The incremental thermal assets will add to steady earnings growth,” said the brokerage firm.

ICICI Direct also has a ‘Buy’ call with a target price of Rs 176.

Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management.

Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

Source Link: https://www.moneycontrol.com/news/business/markets/ntpc-gains-after-company-inks-agreement-with-indian-army-to-supply-renewable-energy-9153391.html

India to SOON have electric highways, solar energy to charge EVs: Nitin Gadkari

India to SOON have electric highways, solar energy to charge EVs: Nitin Gadkari

Last Updated: September 12, 2022

Electric Highways

India to soon have electric highways, solar energy to facilitate EV charging, says Union road, transport and highway minister Nitin Gadkari, reports PTI.

To reduce carbon emissions, the Indian government has been working extensively on the adoption of electric vehicles. Taking another step ahead in electric mobility, the government is now working on developing electric highways to facilitate the charging of vehicles. Union road, transport, and highway minister Nitin Gadkari stated that these electric highways will be powered by solar energy which will facilitate the charging of heavy-duty trucks and buses. Addressing an event organised by the Indo-American Chamber of Commerce (IACC), Gadkari reiterated that the government wants to develop India’s public transport system on electricity.

“The government is strongly encouraging solar and wind energy-based charging mechanisms for electric mobility. We are also working on developing electric highways, which will be powered by solar energy and this will facilitate charging of heavy-duty trucks and buses while running,” he said. An electric highway generally refers to a road that supplies power to vehicles travelling on it, including through overhead power lines.

Gadkari said that the government is also encouraging toll plazas to be powered by solar energy. The minister said the road ministry has conducted route optimisation exercises across major corridors and has designed newer alignments.

Emphasizing that a well-developed infrastructure enhances economic activities, creates new businesses, and promotes job creation, Gadkari said, “We are constructing 26 greenfield expressways.” With the launch of PM Gati Shakti Master Plan, he said projects will get faster clearance and it would cut down logistic costs.

Source Link: https://zeenews.india.com/electric-vehicles/india-to-soon-have-electric-highways-solar-energy-to-charge-evs-nitin-gadkari-2509085.html

Floating solar projects may get sops under new policy

Floating solar projects may get sops under new policy

Last Updated: Aug 10, 2022

Floating solar projects

NEW DELHI : The government is working on a policy on floating solar power generation, offering higher incentives to companies willing to invest in plants requiring a power generation technology that is expensive, two people in the know said.

The move is expected to further boost India’s renewable energy capacity, they added.

The proposal, if approved, will reduce the need for vast stretches of land to set up solar parks. However, the technology for floating solar module projects, wherein photovoltaic solar panels are mounted on floating structures on water bodies, is expensive.

“Costs for floating solar plants are high, so we must support it more in terms of subsidy. We will start something soon,” a government official said, seeking anonymity.

 The Union new and renewable energy ministry may make provisions for higher subsidy for the proposed floating solar policy to keep tariffs for electricity generated from the projects within manageable levels, the people cited above said.

The Centre is also in consultation with states to identify stretches of water bodies and reservoirs to set up floating solar projects.

The official said the Centre is considering a plug-and-play mode, where winning bidders can set up plants fast as the infrastructure will be created at identified sites before inviting the bids.

According to the government, floating solar plants are not only efficient and environment-friendly, but also help in water conservation, reducing evaporation from areas where projects are set up, thereby helping water supplies in drought-hit areas.

The plants are more efficient as they do not overheat and are good for a country like India. The operation and maintenance cost of floating projects is however low as extra water is not required for cleaning the modules at regular intervals.

With renewable power generation projects slowing down a bit, with states even backing down from taking contracted power from renewable projects citing higher tariffs, policymakers are looking at alternatives to keep costs low amid competition from other segments. “Floating solar projects have good potential in India.

But such projects will require government support by way of high subsidies to be attractive to investors.

As the Centre is providing 30% capital subsidy for rooftop solar, higher support may be required for floating solar projects to ensure its viability and investor interest,” said Amplus Solar managing director and chief executive Sanjeev Aggarwal.

 However, experts said there are challenges in the medium term for the adoption of floating solar units. “Local manufacturing of floating solar panels is negligible and imports from Europe will be expensive.

The policy should address this issue before we can witness big growth for such projects, more so, as supplies of solar modules from China is still limited and getting components for local assembly is becoming difficult as none of the Chinese vendors have made it to the government’s official list of suppliers, ” said a top executive of a solar power generation firm, asking not to be named.

Despite its advantages, floating solar has seen very limited number of installations in the country.

According to global clean energy communications and consulting firm Mercom, India has about 170MW of floating solar projects in operation compared to 57.7 GW total installed solar capacity.

Source Link: https://www.livemint.com/industry/energy/floating-solar-projects-may-get-sops-under-new-policy-11660064115003.html

California sets big targets for offshore wind

California sets big targets for offshore wind

Last Updated: Aug 11, 2022

California sets big targets for offshore wind

California on Wednesday set ambitious new targets for offshore wind development, saying turbines along its storied coastline would power some 25 million homes by 2050.

In a unanimous vote, the five-member California Energy Commission (CEC) adopted a goal of 3,000 to 5,000 megawatts (MW) of offshore wind by 2030 and 25,000 MW by 2045, the agency said in a statement.

California has among the most aggressive climate change goals in the country, but its foray into offshore wind has lagged that of East Coast states like New York, New Jersey and Massachusetts, where the industry is more mature.

Projects off the California coast would require using floating turbines, an emerging technology, because of the depth of the outer continental shelf in the Pacific Ocean.

In a statement, the CEC said offshore wind would help the state meet its goal of decarbonizing the electricity sector by 2045 because it can produce power after the sun goes down.

“This remarkable resource will generate clean electricity around the clock and help us transition away from fossil fuel-based energy as quickly as possible while ensuring grid reliability,” CEC Chair David Hochschild said in a statement.

The CEC had been directed by a state law passed last year to quantify the maximum amount of offshore wind that would be achievable by 2030 and 2045.

The Business Network for Offshore Wind, an industry group, said the goal is “the largest and furthest reaching offshore wind goal of any state.”The Biden administration has a nationwide goal of generating 30 GW of power from offshore wind by 2030.

To help meet that goal, earlier this year the Interior Department proposed auctioning five areas off the coast of California near Morro Bay off the central coast and in the north near Humboldt County.

Source Link: https://energy.economictimes.indiatimes.com/news/renewable/california-sets-big-targets-for-offshore-wind/93489746