Page 2 - Green Power

Govt to finance green bond projects and initiatives under 9 categories

Proceeds will be deposited in the Consolidated Fund of India

IEX's total trade volume dips 13% to 7,972 million units in October

The total trade volume of Indian Energy Exchange dipped 13 per cent to 7,972 million units (MU) in October compared to a year ago. The Indian Energy Exchange (IEX) achieved 7,972 MU volume in October 2022, including Green Power trade of 403 MU, and 3.58 lac RECs (equivalent to 358 MU), an IEX statement said. "The total volume on the Exchange in October'22 was lower by 13 per cent on YoY (year-on-year) basis due to high volume base of last year, and lower by 2 per cent on MoM (month-on-month) basis due to reduced REC (Renewable Energy Certificate) trading," it stated. Improved supply of domestic coal led to easing of supply side constraints, resulting in decline of prices on the IEX, it explained. The average clearing price in the Day-ahead market was Rs 3.83 in October, which was lower by 32 per cent on MoM (month-on-month) basis and 52 per cent on YoY (year-on-year) basis. Going forward, further correction in prices due to improvement in coal availability and reduction in demand

KPI Green Energy inks PPAs with 6 companies to supply green power

KPI Green Energy on Wednesday said it has inked power purchase agreements to supply a total of 15.88 MW wind-solar hybrid power from its projects to six companies. "KPI Green has signed new long-term power purchase agreements (PPAs) for sale of 15.88 MW (electricity from its) wind-solar hybrid power projects," a BSE filing stated. The companies will be supplied power from the upcoming Wind-Solar Hybrid power project (comprising 16.10MW wind and 10 MW, solar capacity) at Bhungar site in Bhavnagar district of Gujarat, under the Gujarat Hybrid Power Policy 2018, it stated.

Greenko to supply green power to ArcelorMittal, Ayana Renewable, 3 states

ArcelorMittal has made an investment of around $600 million for 1,000 MW capacity of the project.

India plans Rs 24,000 cr sovereign green bond as economy goes low carbon

India is the world's third-biggest emitter of greenhouse gases and plans to more than quadruple its renewable power generation capacity by 2030.

Scope for single-window portal for green nod to projects to expand: FM

The government on Tuesday said single- window portal PARIVESH, launched for giving green nod to projects, has been significantly instrumental in reducing the time required for approvals

Shell & EKI Energy Services launch joint venture for carbon credit

A carbon credit is a certificate signifying that one tonne of carbon dioxide emission has been reduced from the atmosphere.

Renewable energy projects bear the brunt of discoms' financial woes

The dues of RE power generators have increased by close to 40 per cent since January, the highest among all categories of gencos

One Sun, many hurdles: Why cross-border flow of green energy won't be easy

Establishing the cross-border flow of green energy under the One Sun declaration will involve many complexities

Debt for climate and green power

India's climate targets are not conditional, but its negotiating position has been that finance and technology must be made available to developing countries

Direct green power instead of grid-fed could help railways more: Study

According to the study, around a quarter of this new solar capacity - up to 5,272 MW - could be fed directly into the railway's overhead lines

Best of BS Opinion: Backsliding without broadband, Covid-19 vaccine & more

Here's a selection of Business Standard opinion pieces for the day

Betting on green

There has been a recent spurt of investor interest in India's renewables space, with the outlook for the sector, as well as for electricity demand growth, remaining strong

Virescent floats first solar InvIT, places 400 Mw assets under pvt trust

InvIT to hold nine solar energy projects of 400 MWp in five states; definitive agreements signed for 76 MWp

Covid-19: Helping rural Bihar and UP get free vouchers to buy green power

Smart Power India (SPI), an initiative of Rockefeller Foundation, has begun a voucher system for power consumers in 32 villages of Bihar and Uttar Pradesh

Firms are buying more green power

Globally, power purchase agreements for renewable energy signed by corporations have already crossed the 15 gigawatts mark this year

India's 175 GW target for green power under threat: Sumant Sinha

IIT-Delhi collaborates with ReNew Power for tech centre