Page 4 - Clean Energy

Defence shipyard GRSE to develop electric tugs 'E-VOLT 50' with partners

Garden Reach Shipbuilders and Engineers (GRSE) Ltd, a leading defence shipyard, has signed a memorandum of understanding (MoU) with Shift Clean Energy (Shift), Seatech Solutions International (Seatech), and the American Bureau of Shipping (ABS) to develop electric tugs named E-VOLT 50. This project seeks to mitigate carbon emissions, enhance operational efficiency, and establish new benchmarks for performance and environmental sustainability within the tugboat industry in a step towards India's aspiration to become the 'global hub for green shipbuilding' by 2030. GRSE will construct the tugboat based on the design by Seatech, while Shift will provide energy storage solutions. ABS will oversee the construction and design process, ensuring adherence to all applicable regulatory standards, thereby certifying safety, reliability, and compliance, the company informed the bourses. "The 'E-VOLT 50' represents a bold step towards a cleaner and greener future for maritime sector. By harnessi

Opec+ ambitions for India oil market clash with clean energy goals

India's dependence on imported oil has only grown in the past decade to over 85 per cent of its needs

US, Philippines sign nuclear cooperation pact to bolster power supply

The United States and the Philippines have signed a nuclear cooperation pact under which U.S. investment and technologies are to help the Southeast Asian nation transition to cleaner energy and bolster its power supply. Philippine President Ferdinand Marcos Jr. witnessed the signing of the deal by his energy secretary and U.S. Secretary of State Antony Blinken on Thursday on the sidelines of the Asia Pacific Economic Cooperation (APEC) summit in San Francisco. "We see nuclear energy becoming a part of the Philippines' energy mix by 2032 and we are more than happy to pursue this path with the United States as one of our partners, Marcos said at the signing ceremony. He said the pact, known as a Section 123 agreement, would support the development of reliable, affordable and sustainable power in the Philippines. It will also open doors for U.S. companies to invest and participate in nuclear power projects, he said. Blinken said negotiations with the Philippines were completed within

How technology is using data to reduce carbon emissions

Decarbonisation efforts are occurring in every sector of business and society. Commercial and personal consumption is being audited for wastage, leakage, reuse of energy

India ranked 5th for green skill intensity in 2022: TeamLease report

The study underlined India's pledge to reach a 500 GW clean energy goal by 2030 that has resulted in an 81 per cent YoY surge in demand for green jobs in January 2023

Okaya to partner with IOC to install over 2,500 EV chargers across India

Okaya EV Chargers plans to set up 2,550 electric vehicle chargers across India in collaboration with Indian Oil Corporation (IOC) at an investment of Rs 125 crore, the company said on Tuesday. As many as 362 such chargers have already been installed in over 20 states in a step towards bolstering the electric vehicle infrastructure in the country, according to Okaya EV Chargers. The chargers being set up comprise a diverse range of high-and low-voltage options, including 3.3-kw and 7.4-kw chargers, 30-kw wall-mounted CCS (combined charging system) 2 DC fast chargers, as well as 60-kw CCS2 DC fast chargers, the company said. "This partnership aligns with our vision of creating a sustainable ecosystem for electric vehicles in India. Our advanced charging solutions will empower EV users with convenient and efficient charging options, said Anshul Gupta, Managing Director at Okaya EV Chargers. The total investment for this initiative is pegged at Rs 125 crore, reflecting the substantial

India can contribute towards strengthening, diversifying supply chains: FM

Finance Minister Nirmala Sitharaman on Wednesday said India is well placed to contribute towards strengthening and diversifying supply chains. Speaking at the launch of 'Partnership for Resilient and Inclusive Supply-chain Enhancement' on the sidelines of the World Bank-IMF Annual Meetings in Marrakech, Morocco, Sitharaman said India is undertaking some of the most robust climate actions through its Nationally Determined Contributions (NDCs). This includes an ambitious programme for a transition to clean energy and the RISE partnership is completely in sync with India's domestic policy of prioritising Clean Energy. Highlighting the hard-earned consensus by the G20 India Presidency on the need to rapidly scale up renewable energy capacity, the finance minister said the Global Biofuels Alliance initiative launched by Prime Minister Narendra Modi, on the sidelines of the G20 Leaders Summit in New Delhi, is a positive step towards promoting global cooperation on sustainable biofuels and

'Net zero goal still alive', says IEA but world still faces major obstacles

Net zero goal still alive, says IEA but the world still faces major obstacles to reach it

India's renewable energy boom not fast enough for 1.5-degree C goal: Report

India's renewable sector is booming but just not fast enough to become 1.5-degree Celsius compatible, and the country is heading in the opposite direction entirely when it comes to phasing out coal power, a new report by Climate Action Tracker claimed on Tuesday. The Union environment ministry, however, said the report completely ignores the concept of "fair share and cumulative historical responsibility of developed nations". It said the Indian government has been implementing a number of schemes and programmes, both in terms of mitigation and adaptation and the report totally ignores this aspect. The report by the independent research group that tracks government climate action and measures it against Paris Agreement goals comes on the eve of the United Nations' Climate Ambition Summit. It analyses whether the plans of 16 countries to decarbonise their power sector align with the goal of keeping global warming below 1.5 degrees Celsius. These 16 countries include Australia, Braz

US DFC to invest $435 million in Tata Power's green energy subsidiary

The DFC invests in energy, healthcare, infrastructure, agriculture, and small businesses among other sectors

The buzz in clean energy

Renewable energy is experiencing a global surge, and India is among the five nations at the forefront of this change

NIIT Learning completes investment in EIT InnoEnergy for clean energy

InnoEnergy currently has a portfolio of 200 companies, three of which are unicorns, on track to generate $118 billion in revenue and save a total of 2.1G tonnes of CO2e by 2030

Blackstone raises record $7 bn to finance clean energy push: Report

The Blackstone Green Private Credit Fund III surpassed its $6 billion goal

Achieved target of producing energy via non-fossil fuel sources: Singh

Union minister R K Singh on Friday said that India has achieved its target of producing 43.6 per cent of its total energy through non-fossil fuel sources nine years ahead of the schedule. The Minister of Power and New and Renewable Energy was addressing the opening session of the G20 14th Clean Energy Ministerial meeting and 8th Mission Innovation meeting in Goa. "India has already achieved the target of producing 43.6 per cent of its total energy through non-fossil fuel sources. The country has achieved nine years ahead of its schedule of 2030," he said. India's installed electricity capacity through non-fossil fuel sources is 183 gigawatts (GW), out of the total capacity of 421 GW. "We have 88 GW under installation and 55 GW tendered out. If you take the capacity which is installed and under installation, that comes to about 270 GW, which is well above 50 per cent of our service capacity," he said. Singh said that India will add 50 GW every year. The minister said that the wor

Gautam Adani meets Sri Lankan President, proposes green hydrogen project

Billionaire Gautam Adani on Friday proposed to set up a green hydrogen plant in Sri Lanka, where his conglomerate is already developing a container terminal and a 500 MW wind project. Adani met visiting Sri Lankan President Ranil Wickremesinghe to discuss ongoing projects and the new venture. "Great Honour to have met H.E. President Ranil Wickremesinghe to discuss a fascinating set of projects in Sri Lanka including continued development of Colombo Port West Container Terminal, 500 MW wind project, and extending our renewal energy expertise to produce green Hydrogen," he tweeted. The Adani Ports and Special Economic Zone (APSEZ) is developing a USD 700 million container terminal at Colombo Port, which is a major transshipment hub in South Asia. The Adani group is also developing the Vizhinjam seaport project in Kerala, just 176 nautical miles from the Colombo port. The conglomerate's renewable energy firm, Adani Green Energy, is setting up two wind projects of 286 MW in Mannar and

G20 Energy Transitions Working Group's fourth meeting begins in Goa

Nearly 100 delegates from G20 member countries, special invitees and several international organisations are participating in the fourth Energy Transitions Working Group (ETWG) meeting which began in Goa on Wednesday. There are six priority areas outlined under India's G20 Presidency, reflecting India's focus on various aspects of energy transition and building global cooperation toward sustainable and clean energy development, an official said. The two-day meeting, chaired by Pankaj Agarwal, the ETWG chair and secretary of the Union Ministry of Power, is being held at a hotel near Goa's capital Panaji. Ministry of New and Renewable Energy secretary Bhupinder Singh Bhalla, Ministry of Mines secretary Vivek Bharadwaj, Ministry of Coal secretary Amrit Lal Meena are also participating in the deliberations, the official said. The priority areas for discussions include energy transitions through addressing technology gaps, low-cost financing for energy transitions, energy security and .

G20 Energy Transitions Working Group meet to begin in Goa on Wednesday

Over 100 delegates from G20 countries will participate in the two-day Energy Transitions Working Group (ETWG) meeting beginning on Wednesday in Goa to deliberate on building global cooperation toward sustainable and clean energy development. The 4th ETWG meeting under India's G20 presidency will be chaired by Union Power Secretary Pawan Agarwal, a power ministry statement said. Union New & Renewable Energy Secretary Bhupinder Singh Bhalla, Union Mines Secretary Vivek Bharadwaj and Union Coal Secretary Amrit Lal Meena, will also be part of the meeting. There are six priority areas outlined under India's G20 presidency. These are -- energy transitions through addressing technology gaps; low-cost financing for energy transitions; energy security and diversified supply chains; energy efficiency, industrial low carbon transitions, and responsible consumption; fuels for Future (3F); and universal access to clean energy and just, affordable, and inclusive energy transition pathways. The

'Integrating renewable energy in power system crucial to meet climate goal'

Integrating more renewable energy in the power system is crucial for India to meet climate goals, the Institute for Energy Economics and Financial Analysis (IEEFA) said. In its latest report, IEEFA has also suggested various measures to ramp up the share of clean energy in the country's power system. To cut emissions, India needs to increase renewable energy integration/absorption, the report said. "While India has been adding renewable energy capacity at a fast pace to meet its emissions intensity reduction target for 2030, the country needs to ramp up the share of clean energy in its power system. Integrating more renewable energy in the power system is crucial for India to meet climate goals," it noted. For India to meet growing electricity demand while addressing climate concerns, increased integration of clean energy, including variable renewable energy, is essential, IEEFA Energy Analyst and the report's author Charith Konda said. While raising non-fossil fuel power installe

Tracking the sun with automation for efficiency in solar power production

Smart sensors, automated weather stations, machine learning algorithms comprise a market worth $10 bn

Green hydrogen to be future fuel: R K Singh urges industry participation

Green hydrogen is going to be the future fuel in India, Union Minister R K Singh said while urging investors to invest in the country to manufacture the clean energy source. The minister for power, new and renewable energy made the remarks at the first International Conference on Green Hydrogen 2023. "We will help you in developing (green hydrogen) projects. We will also help you with demand as well. Come and partner with us," he said addressing the conference attended by over 2,500 participants. The investors can partner for development of electrolysers, mechanism for transportation of green hydrogen, usage of green hydrogen in manufacturing for green steel and cement etc, he said adding India is the biggest market in the world. Like the field of renewable energy, India shall emerge as a leader in green hydrogen also, Singh said. There are industries which have started working to set up 3.5 MT capacity of green hydrogen. They are engaged with various states for acquisition of lan