Clean Energy Investment

India should aim for 750 gigawatts of renewable energy capacity and become a clean energy exporter by 2030, former NITI Aayog CEO Amitabh Kant said on Monday. At a roundtable discussion here, Kant said that there is no shortage of global funds for clean energy, but India needs to establish strong financial systems, such as escrow accounts, to attract private investments for renewable projects. He emphasized that it is "very important that India is able to drive its own agenda" amid multiple global crises, including the Russia-Ukraine war, West Asia conflicts, and trade barriers from countries like the US and Europe, which are affecting free trade and renewable energy prices. "And the Indian agenda must be very clear -- we are an importer of fossil fuels worth USD 180 billion, and our goal must be to become an exporter of clean energy... Our objective must be to surpass 500 gigawatts and reach 750 gigawatts of renewable energy," Kant said. India has committed to achieving 500 GW of

Israel's energy transition plan has been in the works for years but took on greater urgency when war broke out on several fronts

Reliance Industries Ltd's technology partnership with Norway's Nel ASA will help accelerate its new energy investments, including in the production of green hydrogen that will aid billionaire Mukesh Ambani's pivot towards green energy. Reliance (RIL) on May 21 entered into a technology licensing agreement that provides the company with an exclusive license for Nel's alkaline electrolysers in India and also allows it to manufacture the Norwegian company's alkaline electrolysers for captive purposes globally. "We see this as a win-win for RIL and Nel as it supports RIL's ambition to accelerate its new energy ambitions, build an integrated energy vertical (new energy powering existing energy investments) and decarbonise the portfolio," brokerage Morgan Stanley said in a note. For Nel, it provides a revenue stream that it could not access on a standalone basis in India and may provide a new revenue stream that will not solely depend on the company's ability to execute on securing new ..

This election cycle will really influence the pace of energy investment, both in the next five years and through 2050

Karnataka and Gujarat continue to lead the race to clean energy transition, but states like Jharkhand, Bihar, West Bengal and Uttar Pradesh need to step up efforts, according to a new report released on Tuesday. The joint report by research organisation, Institute for Energy Economics and Financial Analysis (IEEFA), and clean energy think tank Ember evaluates the clean electricity transition preparedness at the sub-national level. The report's authors said Karnataka and Gujarat continue their strong performance across dimensions, effectively integrating renewable energy sources into their power sectors, making strong strides in decarbonisation. But states like Jharkhand, Bihar, West Bengal and Uttar Pradesh need to improve. While these states are in the early stages of their transition, they now need to focus on increasing renewable energy deployment, enhancing short term market participation and strengthening their distribution companies. The report launch coincides with a spell o

Jindal Stainless on Thursday said it will generate over 1.9 billion units of clean electricity per year through its green energy initiatives. The initiatives have the potential to reduce carbon emissions by over 13.52 lakh tonnes per annum. "Jindal Stainless... will generate over 1.9 billion units of clean electricity per annum through its wind-solar hybrid, floating and roof-top solar plants, according to its newly released Sustainability Report," the company said in a statement. The company has already entered into partnership with ReNew Power to deliver 100 megawatt round-the-clock renewable energy. "The remarkable achievements in renewable energy initiatives are pivotal to our vision of a greener future. "Our strides in R&D foster innovation that elevates industry standards and ensures our operations contribute positively to the planet and its people," Jindal Stainless Managing Director Abhyuday Jindal said.

Clean-energy projects in seven states from Pennsylvania to California have been selected by the Biden administration for a USD 7 billion program to kickstart development and production of hydrogen fuel, a key component of President Joe Biden's agenda to slow climate change. His goal is to establish seven regional hydrogen hubs to help replace fossil fuels such as coal and oil with cleaner-burning hydrogen as an energy source for vehicles, manufacturing and generating electricity. Biden is expected to make the official announcement during an economic-themed visit to Philadelphia on Friday. The White House calls clean hydrogen essential to achieving the president's vision of a strong clean energy economy" and net-zero greenhouse gas emissions in the US by 2050. As a clean fuel, hydrogen complements the role played by other clean energy sources, like wind and solar, to help the US reduce emissions in energy-intensive sectors of the economy: steel and cement production, heavy-duty ...

Enterprises working for environmental and social causes can apply for programme

Investment will need to be inclusive of all fuels, including oil and gas, renewables and nuclear, with oil demand alone expected to grow by around 10% by 2030 and gas by 18%

Says India's Gati Shakti plan could spur clean energy investment; no other country has any new spending plans

Kerry, the Special Presidential Envoy for Climate, said he intends to work "very, very closely with" with Indian leadership including Prime Minister Modi and External Minister S Jaishankar

Niti Aayog CEO Amitabh Kant said India offers an exciting long-term market for both domestic and international investors in clean energy space

Governments are easing restrictions put in place to curb the spread of the virus after the confinement of around 3 billion people brought the global economy to a near standstill

Gadkari also stressed the need for diversifying agriculture towards power and energy to meet the goal of bio-fuel generation

Founded by IIT-Delhi graduates, it recently raised Rs 19 crore in Series A round led by IAN Fund, along with IDFC Parampara fund and Jyoti Sagar

China is facing reduction in power demand and the govt is focusing on grid investment