Reliance will explore the manufacturing of renewable energy and decarbonisation equipment in Australia.
Reliance Industries signs deal with Brookfield to explore renewable energy opportunities in Australia Reliance will explore the manufacturing of renewable energy and decarbonisation equipment in Australia.
Last Updated: July 25, 2023
The policy will be applicable for any solar energy-generated system with a capacity of 1 KWp or more. It applies to all electricity consumers of the NDMC area
The New Delhi Municipal Council (NDMC) is planning to bring in a new solar policy with an aim to shift completely to renewable energy, officials said on Tuesday.
At a press conference, NDMC member Kuljeeg Chahal said the civic body will encourage the implementation of grid-connected solar plants.
New Delhi Municipal Council has embarked upon an ambitious journey of shifting to 100 per cent renewable energy.
“In addition to the broader arrangement of tying up with the renewable energy sources it is also incumbent upon the council to all possible potential of solar energy generation within its jurisdiction,” Chahal said in a statement.
NDMC will promote the deployment of solar plants with net metering on all existing, upcoming or proposed buildings, including that of government organisations, government hospitals, schools and other educational and research institutes and fire stations, hospitals, he said.
The policy will be applicable for any solar energy-generated system with a capacity of 1 KWp or more. It applies to all electricity consumers of the NDMC area
During the press conference, Chahal said that NDMC must focus on rooftop solar plants as its primary source of renewable energy.
NDMC area is blessed with almost 300 sunny days every year. The sunshine period per day on an average of about eight to 10 hours.
Individual households, offices, commercial establishments, institutions, and residential complexes will be eligible for project capacity of a minimum of 1KW or more,” he said.
Last Updated: July 25, 2023
Hero Future Energies on Tuesday said it has signed two agreements with REC and PFC to develop green energy projects.
The agreements were signed on the sidelines of the 4th G20 Energy Transition Working Group meeting, which concluded last week in Goa, Hero Future Energies said in a statement.
“Hero Future Energies (HFE) has signed two memorandums of understanding (MoUs) with REC Ltd and PFC Ltd for infusion of Rs 3,100 crore each into HFE over the next five years,” it said.
The funds will be used to develop renewable projects across the country, including solar and wind for commercial and industrial customers, utility projects and green hydrogen derivatives, and will strengthen the company by ensuring the financial closure for future projects.
Last Updated: August 01, 2023
India is one of the fastest-growing economies in the world, yet per capita emissions of greenhouse gases are substantially lower than the world average. The country is striving to achieve a fine balance between meeting its surging energy needs and reducing carbon emissions.
With substantial existing solar manufacturing capacity and ambitious projects underway, including polysilicon facilities, India is set to become one of the world’s largest solar module manufacturers.
New Delhi: India is poised to establish itself as one of the largest solar module manufacturers in the world and is witnessing the fastest growing capacity in renewable energy, said Raj Kumar Singh, Union minister of power and renewable energy.
Speaking at an event in Delhi, the minister highlighted India’s impressive strides in the renewable energy sector, including green hydrogen, fostering a robust ecosystem. The country boasts one of the largest manufacturing ecosystems for wind energy and is experiencing rapid growth in solar capacity, propelling India to be the global leader in renewable energy.
With substantial existing solar manufacturing capacity and ambitious projects underway, including polysilicon facilities, India is set to become one of the world’s largest solar module manufacturers.
Adding to the nation’s achievements, India has already achieved its Nationally Determined Contributions (NDC) target of 40% capacity from renewable sources ahead of schedule. The government remains steadfast in its commitment to achieving the NDC goal of 50% capacity share from renewable energy, well ahead of the NDC timeline set for 2030.
India is one of the fastest-growing economies in the world, yet per capita emissions of greenhouse gases are substantially lower than the world average. The country is striving to achieve a fine balance between meeting its surging energy needs and reducing carbon emissions. India remains steadfast in its commitment to sustainable growth, renewable energy expansion, and electric vehicle adoption.
“By strategically balancing economic growth with environmental consciousness, the nation is determined to carve a brighter, greener future for generations to come,” he reiterates.
Speaking on the occasion, Ramnath Krishnan, MD & Group CEO, Icra Ltd., praised India’s clean energy revolution, attributing it to robust policy support from the Government of India and enhanced tariff competitiveness in solar and wind power.
He also lauded the recent announcement of a bidding trajectory of 50 GW per annum from FY2024 to FY2028, which paves the way for achieving the ambitious 500 GW non-fossil fuel-based capacity target by 2030, as set by the government.
Krishnan underscored the importance of timely completion of tendering processes, risk mitigation during execution, and strengthening the domestic solar supply chain to successfully reach the capacity targets.
He projected a rise in the share of renewable energy plus hydro in India’s electricity generation mix, estimated to reach around 40% by FY2030, up from the current 23% in FY2023. To mitigate intermittency risks associated with higher levels of renewable energy generation, Krishnan stressed the necessity of developing adequate energy storage capacities at a competitive cost.
The adoption of electric vehicles (EVs) in India has gained significant momentum due to proactive measures taken by the Indian government and various state governments. Increasing awareness among citizens about the environmental benefits of EVs has propelled demand, while original equipment manufacturers (OEMs) have been expanding their EV portfolios to cater to consumer preferences.
Krishnan also highlighted the substantial investments made in charging infrastructure and the local vendor ecosystem, which have further contributed to the rapid adoption of EVs. ICRA estimates e-2W penetration to reach 10-12% of new vehicle sales by FY2025, e-3W at 14-16%, and e-buses at 11-13%.
To sustain and accelerate EV adoption, continued technological advancements, reduced import dependence, wider consumer choices, and accessible financing options are vital.
Manish Dabkara, Chairman and MD EKI Energy Services ltd and President CMAI
The Government of India has issued a gazette notification for the launch and institutionalisation of the Carbon Credit Trading Scheme (CCTS) for the Indian Carbon Market. Mr. Manish Dabkara, Chairman and MD of EKI Energy Services Ltd and President of the Carbon Market Association of India (CMAI), is pleased to share his perspective on the launch of the Carbon Credit Trading Scheme (CCTS) in India.
Let’s see what he has to say,
“Taking a cue from its Paris Agreement commitment and chasing its NetZero goal, Government of India in consultation with the Bureau has released the Carbon Credit Trading Scheme (CCTS) for the institutionalisation and functioning of the Indian Carbon Market (ICM). It involves a process for compliance in which emission objectives will be established for specific industries and organisations, surpassing which they will receive credit certificates.
It comes within a week of India releasing a draft document for the establishment of a Green Credits market, which is over and above the discourse of carbon credits, showing the determination and commitment of the country to take a paradigm shift towards sustainable development while meet its climate goals of turning Net Zero by 2070. India has been leading from the front when it comes to its environmental sustainability initiatives and rapid transformation to sustainable practices.
We will be closely monitoring the developments and implementation of the CCTS in the coming times and hope that the government will develop the market with proactive compliance and enforcement mechanism which will help to a reasonable price discovery and a vibrant operational domestic emission trading market. Such a market mobilization will ensure the encouragement of investors for long-term investment in carbon reduction technologies, projects, and processes, towards an accelerated decrabonization of country’s economy.
The constitution of the National Steering Committee for the Indian Carbon Market, which will be responsible for the overall management and operational control of the Indian Carbon Market, by the Central Government is a welcome move in that direction.
Being one of the pioneers in the industry for the country, EKI Energy Services wholeheartedly welcomes the move which we believe will re-establish the trust for the market more firmly. We also appreciate the efforts of the government of India and are excited for the bright future of less carbon and more sustainability.”
Last Updated: July 17, 2023
The Central Railway has announced its plans to establish 1MW solar plants at 81 locations across its network including one at Ajni, Nagpur.
NAGPUR (Metro Rail News): In a significant commitment to renewable energy, the Central Railway has announced its plans to establish 1MW solar plants at 81 locations across its network including one at Ajni, Nagpur.
Shivraj Manaspure, chief public relations officer (CPRO), stated that about 2,700 acres of unoccupied or underused railway land has been located to enable the installation of solar systems. These areas have enormous potential for the development of solar power infrastructure and would contribute in further lowering the carbon emissions of the Indian Railway.
As part of its sustainability efforts, Central Railway has already installed solar rooftop plants with an expanded capacity of 135kWp at various stations in the year 2023.
Solar rooftop plants have been installed successfully at many stations in the Solapur division, including Osmanabad, Barshi, Wadsinge, Salgare, Parewadi, Mohol, and Tilati. In the Nagpur division, installations have been completed at Kala Akhar, Pola Patthar, Maramjhiri, Taku, Jaulkhera, and Dodaramohar stations.
Additionally, the railways has also won a tender for a 1MW capacity solar plant for the new Ajni electric locomotive shed. This solar power facility will provide sustainable energy and help the railway become less reliant on non-renewable resources through a power purchase agreement (PPA). Further increasing its use of solar energy and reaffirming its commitment to a cleaner future, Central Railway also has plans to build a 1MW solar facility in Pune.
Source Link: https://www.metrorailnews.in/central-railways-sustainable-step-solar-plants-to-be-established-on-2700-acres-of-land/
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