Page 7 - Clean Energy

Mukesh Ambani to focus on green energy as scions helm other Reliance units

Reliance is seeking billions of dollars of investments in India's energy sector and has approached potential investors including Middle Eastern funds, two of the people said

Cabinet approves Rs 19,744 cr for National Green Hydrogen Mission

Plan to have four components; domestic manufacturing of electrolysers key focus area

Being pragmatic about energy sources

The clean energy journey is going to be a messy one, with plenty of missteps, side turns and dead ends before the destination is reached

Sterling and Wilson RE promoters to sell up to 10 mn share for Rs 270 cr

Sterling and Wilson Renewable Energy promoters Shapoorji Pallonji and Company and Khurshed Yazdi Daruvala will sell up to one crore equity shares through the offer for sale route at a floor price of Rs 270 per piece on Wednesday and Thursday. Khurshed Yazdi Daruvala proposes to sell up to 30,00,000 equity shares representing 1.58 per cent of the total issued and paid-up Equity Share capital of the Company on December 20 and 21, 2022 at a floor price of Rs 270 per share, a BSE filing showed. Shapoorji Pallonji and Company Private Ltd proposes to sell up to 70,00,000 Equity Shares representing 3.69 per cent of the total issued and paid-up equity share capital of the company on Wednesday and Thursday at Rs 270 per share. The offer for sale is being undertaken to meet the minimum public shareholding norms. Promoters hold around 76.69 per cent stake in the company as of September 2022. Shares of the company declined by 1.87 per cent to close at Rs 283.40 per piece on BSE on Monday.

Here's why Indian renewable energy plan pales in front of Europe and China

An International Energy Agency report suggests that New Delhi's action on renewable deployment on the ground pales in front of Europe and China

Why is nuclear fusion in the news?

Scientists in the US on Tuesday claimed to have found the key to tame the unruly power of nuclear fusion - which fuels the sun. But what is nuclear fusion? Can it help us fight climate change?

India to attract $10 bn in green energy investment in 2023: Bank of America

India could attract close to $10 billion in renewable energy investment in 2023, a bright spot as public markets remain largely shut to big-ticket capital raising, according to Bank of America

Tata Projects to build EPC solutions as it steps up green hydrogen focus

MD Vinayak Pai says firm will not deploy its own capital in this space, but will work with customers who are ready to invest in these projects

India to build more nuclear power plants to boost clean energy production

India plans to build more nuclear power plants to increase the production of clean energy, the government said on Wednesday.

Carbon sinks: The good and the bad

The oceans have caught the attention of climate policymakers, but many of their ideas are too radical

A slow and flawed transition

The developed world's energy transition efforts are making the problem worse by moving energy-intensive manufacturing to the developing world

Top Headlines: Air India on metro-to-metro routes; RBI rate hike & more

A Business Standard poll shows that the Reserve Bank of India's (RBI's) Monetary Policy Committee (MPC) is likely to announce a 35-basis point (bp) hike in the repo rate on December 7

India's electricity shortage erased by growth of renewable energy: Analysis

There was no repeat of the widespread blackouts which plagued many parts of India in late September and early October last year when coal-fired power plants ran short of fuel

India taking steps to complete transition into clean energy: Jitendra Singh

Union minister Jitendra Singh said that India is taking steps for the development of Small Modular Reactors (SMR), with up to 300 MW capacity to fulfill its commitment to the Clean Energy transition

India well placed to lead green energy transition: Tata Group chairman

Tata Group Chairman Natarajan Chandrasekaran on Tuesday said transition to a cleaner and greener energy is an imperative that no one can wish away and India is well-placed to lead the change. He further said technological advancements have already made and should continue to make such energy transitions more affordable. The future of any business or industry, whether it is consumer facing or not, will be data-driven as the huge advancements in the field of technology has made real-time data availability both much easier as well as cheaper, he added. "The pressure to shift to green/renewable energy only will increase going forward and the transition to cleaner energy is irreversible. But we need more and newer and cleaner energy so that it becomes more affordable. We need to have hydrogen-based energy, electric batteries, storage systems, technology to reuse of industrial waste etc. "All these will be done in our own lifetime but what we need to ensure is that these solutions are mo

Ambani says Indian economy to grow 13-fold to $40 trillion by 2047

India is likely to become a USD 40 trillion economy by 2047 -- a 13-fold jump from its current size -- driven primarily by a clean energy revolution and digitalisation, billionaire Mukesh Ambani said on Tuesday. Ambani's estimate for the Indian economy, currently the fifth largest in the world behind only the US, China, Japan and Germany, is more optimistic than Asia's richest man Gautam Adani, who last week stated that India will become a USD 30 trillion economy by 2050 on back of rising consumption and socio-economic reforms. "From a 3 trillion-dollar economy, India will grow to become a 40 trillion-dollar economy by 2047, ranking among the top three economies of the world," Ambani said at the 10th convocation of Pandit Deendayal Energy University here. As the 'Amrit Kaal' -- the period between now and 2047 when India will be celebrating 100 years of independence -- unfolds, the country will witness an unprecedented explosion in economic growth and opportunities, he asserted. "Th

Rapidly mobilise massive financing for clean energy alternatives: IEA

A new IEA report says the world must move quickly to reduce carbon dioxide emissions from coal significantly in order to avoid severe impacts from climate change

Power System Operation Corporation renamed to Grid Controller of India

India's national grid operator 'Power System Operation Corporation Ltd (POSOCO)' on Monday announced that it has changed its name to 'Grid Controller of India Ltd'. The name has been changed to reflect the critical role of grid operators in ensuring integrity, reliability, economy, resilience and sustainable operation of the Indian electricity grid, a statement said. The change in name as 'Grid Controller of India Ltd' is a welcome step as it has unique position at the heart of India's energy system connecting people to the energy they use, it stated. "It (Grid Controller of India Ltd) explains the functions performed by the grid managers in the country at national and regional levels," said S R Narasimhan, Chairman & Managing Director, Grid Controller of India Ltd, in the statement. "The change in name is also to reflect who we are and the role we play in clean energy transition. We continue to be driven by our vision i.e. 'to be a global institution of excellence for reliable ...

India expected to see faster progress towards clean energy economy: Report

At least three of the four top emitters of greenhouse gases -- China, the EU and India -- are expected to see faster progress towards a clean energy economy than they have set out in national plans or NDCs, according to a new analysis released on Monday, coinciding with the UN climate summit in Egypt. According to "Global Carbon Budget Report 2022", the top four CO2 emitters in 2021 were China (31 per cent), the US (14 per cent), the European Union (8 per cent) and India (7 per cent). The report, "Big Four: Are major emitters downplaying their climate and clean energy progress?", by the UK-based Energy and Climate Intelligence Unit, suggests interconnected global crises and market mechanisms are driving the shift towards electric vehicles, low-carbon heating and renewables around the world, in particular in those four countries. Rapid price reductions, which make wind and solar power vastly cheaper than fossil fuel alternatives, concerns over energy security and access, and in Europ

India needs $300 bn more to meet 2030 renewable capacity goals: Report

India will need additional investment of around USD 300 billion to complete the 500-gigawatt renewable energy capacity target by 2030, according to a report. With 165 gigawatts (GW) generation capacity already in place, the country is on the right trajectory to meet its goal of having 50 per cent of energy needs through the renewable portfolio, the Arthur D Little (ADL) report said on Monday. "India needs (additional) strategic investments of over USD 300 billion to achieve its clean energy capacity target of 500 GW by 2030," the study titled 'Powering India's Energy Vision 2030' said. As per the study, India's electricity consumption is expected to grow at an annual rate of 5.4 per cent over the next decade, with annual demand touching 2,300 billion units (BUs) by 2030. However, at the current pace, generation will reach only 2,024 BUs by 2030, it said.