Page 6 - Renewable Enrgy

Storage of renewable energy essential to net zero transition: Aus experts

Australia's Commonwealth Scientific and Industrial Research Organization (CSIRO) on Wednesday called for significant investment in renewable energy storage to keep up with rising electricity demand

SL, India to sign a deal to shift to renewable energy to generate power

Sri Lanka will sign a memorandum of understanding with India to promote renewable energy as the Island nation aims to generate 70 per cent of electricity requirements from renewable sources by 2030

India misses RE capacity target due to low solar, wind projects: Par panel

A parliamentary panel has attributed low installation of solar roof-top and wind energy projects as key reasons for the shortfall in achieving India's renewable energy capacity target of 175 GW by 2022. India set an ambitious target of installing 175 GW of renewable energy capacity by the year 2022, which included 100 GW from solar, 60 GW from wind, 10 GW from bio-power and 5 GW from small hydro-power. However, a renewable energy capacity of 120.90 GW has been installed in the country as of 31st December 2022 which is about 69 per cent of the overall target, the Standing Committee on Energy said in a report. "Keeping in view the fact that renewable energy installed capacity has increased by more than 236 per cent since 2014, this is indeed a commendable achievement. However, it should also be mentioned that whatever shortfall has occurred in achievement of the target that is because of low installation of solar roof-tops and wind energy projects," the committee said. Keeping in vie

India's renewable energy capacity reaches 168.96 GW: Minister R K Singh

India's total installed renewable energy capacity touched 168.96 GW mark by February 2023-end, Parliament was informed on Tuesday. Out of the total 168.96 GW, 64.38 GW is solar power capacity, 51.79 GW hydro, 42.02 GW wind and 10.77 GW bio power, R K Singh, Union Minister for Power, New and Renewable Energy, said in Rajya Sabha. Another 82.62 GW of green energy capacity is under implementation and 40.89 GW of capacity is under various stages of tendering, he said in a written reply to the upper House. A total of 3,16,754.86 MU of electricity has been generated from renewable energy sources during the current year 2022-23 (up to January 2023), Singh said. According to the minister, India's total power generation capacity was at 412.21 GW as on February 28, 2023. The government's aim is to achieve 500 GW of installed electricity capacity from non-fossil sources by 2030.

Domestic aluminum players need to invest to meet net zero target: ICRA

Domestic aluminium players would need a substantial increase in their renewable energy or low carbon-intensive power sources to meet their ambitious targets of 25 per cent reduction in carbon emissions in the next five-seven years and achieve net-zero status by 2050, ICRA said on Monday. "Domestic aluminium manufacturers have the highest carbon intensity of nearly 17-20t CO2e/tonne of aluminium, owing to the significant use of coal in generating captive power," ICRA said. According to an ICRA note on the primary aluminium industry, this could entail significant capital investments of up to USD 5 billion by 2030 and USD 20 billion by 2050, depending on the renewable energy (RE) mix used. However, instead of doing an upfront capex, entities may choose to sign power purchase agreements to secure RE power. Nonetheless, their cost of metal production is expected to rise significantly. The carbon intensity of Chinese aluminium producers also remains high due to increased coal usage. ...

Global CO2 emissions rose less than initially feared in 2022: IEA

Global energy-related carbon dioxide emissions rose by under one per cent in 2022 -- less than initially feared -- as the growth of solar, wind, EVs, heat pumps and energy efficiency

$50-bn market opportunity for RE-powered livelihood appliances: Report

A USD 50-billion market opportunity exists for clean energypowered livelihood appliances to boost India's rural economy, especially among women, according to a report. In India, more than 75 per cent of all female workers are employed in agriculture and agri-allied industries such as food processing and livestock. With the help of decentralised renewable energy (DRE) technologies which are capable of mitigating intermittent electricity problems and introducing mechanisation, the rural women will be able to improve their productivity, according to the 'Unlocking Sustainable Livelihood Opportunities for Rural Women' report conducted by the Powering Livelihoods -- a CEEW and Villgro initiative. The report showcases several models to mainstream women in tech-enabled livelihood opportunities using distributed renewable energy-powered technologies as a case study. "Powering Livelihoods has helped more than 13,000 end-users using programme-supported DRE livelihood technologies, out of whi

PM Modi bats for more RE and less fossil fuel or gas-based economy

The PM addressed stakeholders and govt departments in the first of 12 post-Budget webinars by the Centre

ReNew Energy Global Plc loss narrows to Rs 401 cr in Q3, income up by 19.4%

ReNew Energy Global Plc on Friday said that its loss has narrowed to Rs 401.3 crore in the December 2022 quarter from Rs 638.4 crore in the same period a year ago. "Net loss for Q3 FY23 was Rs 4,013 million (USD 49 million) compared to a net loss of Rs 6,384 million (USD 77 million) for Q3 FY22," a company statement said. Total income (or total revenue) in the third quarter of FY23 was Rs 16,077 million or Rs 1,607.7 crore (USD 194 million), up 19.4 per cent compared to the same quarter of FY22, it stated. Net loss during the first nine months of FY23 (April-December 2022) also shrank to Rs 510.3 crore (USD 62 million) compared Rs 1,257.3 loss (USD 152 million) in the same period a year ago. Total income during the first nine months of FY23 stood at Rs 6,349.3 crore (USD 768 million), 23.1 per cent higher from the same period a year ago, it stated. As of December 31, 2022, the company's portfolio consisted of 13.4 GWs, a 30.2 per cent increase year on year, of which 7.8 GWs are ..

FAME: Electric 2-wheeler manufacturers deny allegations of non-compliance

Allegations have been made that the manufacturers are availing subsidy benefits without complying with the localisation requirements

Delhi to raise power generation capacity by 6,000 MW via renewable: Sisodia

The Delhi government will increase power generation capacity in the city by 6,000 MW in the next three years using renewable energy sources through various initiatives, Deputy Chief Minister Manish Sisodia said on Thursday. The city government is working on a war footing to meet Delhi's electricity demand using renewable energy, he added. "Our target is to reduce dependence on fossil fuels and meet power demand using renewable energy to make Delhi self-reliant in its energy needs, ensuring uninterrupted 24x7 electricity supply for citizens and meeting the growing power demand," Sisodia said in a statement. The deputy chief minister emphasised on faster adoption of rooftop solar panels by Delhi government offices, schools and other buildings, as per the city's new solar policy. Chairing a crucial meeting of the energy department to review the city's preparedness to meet future energy needs, Sisodia instructed officials to explore potential areas for setting up new solar energy plant

A coal-dependent India can't move to zero overnight: GE's Mahesh Palashikar

In a Q&A, the President of GE South Asia asserts that natural gas will bridge India's journey from coal to renewables, even as he points is massive potential in onshore wind energy

No impact of Adani rout, India has 15 to 16 firms in renewables: R K Singh

Power and New & Renewable Energy Minister R K Singh on Thursday dismissed apprehensions about any impact of Adani group firms' stock route on clean energy development, saying India has many such large companies in the sector. Singh's statement comes at a time when opposition party members have joined hands in both the houses of the Parliament demanding suspension of regular proceedings to discuss the allegations of fraud against the Adani Group. The proceedings of Lok Sabha as well as Rajya Sabha were completely washed out on Thursday due to the issue. Asked about the impact of the issue on clean energy sector, Singh told reporter in a press conference, "I have the most robust renewable energy capacity in the world and that means that I have at least 15-16 large companies which are at the level of global companies. It will not impact us in any way. We have many large companies and those are some of the biggest renewable energy companies in the world." The opposition parties have ..

Budget 2023: Experts expect a boost to decarbonisation, energy transition

Issues that need to be addressed include expanding funding for renewable manufacturing, extending PLI to wind and green hydrogen, among others

Why India needs to build a robust framework to facilitate energy transition

The investment buzz for the transition has begun but policy frameworks still lag the process

Green hydrogen will not be limited by borders: ReNew Power Founder & CEO

'People are looking to get into the manufacturing supply chain, governments are looking at expanding transmission infrastructure,' said ReNew Power founder & CEO, Sumant Sinha

RE firms may use rupee loans to refinance $3 bn overseas green bonds

Costly overseas funds forcing them to tap domestic sources

Solar energy generation capacity touches 16,000 Mw in Rajasthan

There is a 925-Mw park and a 750-Mw park in Jaisalmer district

Parliament passes bill to mandate use of renewable energy, carbon trading

The Bill is expected to be a step for India toward fulfilling its goals of cutting emissions and the use of renewable energy

Bill to promote non-fossil energy sources, carbon credit trading passed

A bill seeking to mandate the use of non-fossil energy sources such as biomass, ethanol and green hydrogen was passed by Parliament on Monday. The Energy Conservation (Amendment) Bill, 2022 was cleared in Rajya Sabha by a voice vote on Monday. Lok Sabha passed the legislation in the previous session in August this year. The bill provides for penalties for violations by industrial units or vessels, and on manufacturers if a vehicle fails to comply with fuel consumption norms. The amendments also seek to promote renewable energy and the development of a domestic carbon market to battle climate change. The bill is also aimed at helping the country achieve its international commitments on climate change. It aims to introduce new concepts such as carbon trading and mandate the use of non-fossil sources to ensure faster decarbonisation of the Indian economy and help achieve sustainable development goals in line with the Paris Agreement. Replying to a debate on the bill, Minister of New