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Sustainability Outlook Headlines

Finance ministry defers safeguard duty on solar cells in view of court order

The finance ministry today said that safeguard duty will not be insisted upon on import of solar cells for the "time being" in deference to interim directions passed by the High Court of Orissa. Last month, India had imposed safeguard duty on solar cells imports from China and Malaysia for two years to protect domestic players from steep rise in inbound shipments. 

The duty was imposed following... Read more..

Source: ET Energy World

SDMC proposes to issue municipal bonds worth Rs 500 cr for solar panel projects

The South Delhi Municipal Corporation has set the ball rolling for issuance of municipal bonds worth Rs 500 crore, seeking to fund two important projects, officials said today. The Standing Committee of the SDMC cleared the proposal after which it now awaits nod from the House. 

"Once the House gives its approval, it will be sent to the Centre for the final nod. The bonds total worth would be Rs 500 crore... Read more..

Source: ET Energy World

India’s first electric vehicles charging corridor announced by Magenta Power

Renewable energy service company Magenta Power today announced it will set up India’s first electric vehicles charging Corridor called ChargeIn at Mumbai-Pune Expressway.

The corridor will be a network of EV charging stations and will be initially deployed at Hotel Center Point at Lonavala. In the next phase, the network will be extended to Bangalore and Mysore allowing electric vehicle users to travel... Read more..

Source: ET Energy World

This Mumbai housing society is close to becoming ‘zero waste’

Within a span of two months, a housing society in Borivli has managed to segregate and treat all the waste that it generates, sending only a small fraction of its trash to dumping grounds.

The Anchorage Co-operative Housing Society at IC Colony, Borivli (West), with 26 families, generates 43kg of waste per day – 26kg organic, 5kg garden, 2kg biomedical and 10kg of mostly recyclable dry waste.... Read more..

Source: Hindustan Times

KKR to buy control of REEL for $530 million, one of India's biggest buyouts

Private equity firm KKR & Co said it will acquire a 60 per cent stake in India's Ramky Enviro Engineers Ltd (REEL) for $530 million, adding it was one of India's largest buyouts. KKR will buy the stake via a combination of primary and secondary investments, in a deal that gives the waste management company an enterprise value of $925 million.

The deal comes at a time when the country is focused on... Read more..

Source: ET Energy World

Solar Philippines seeks to bring Indian PV competitiveness back to Southeast Asia

PV developer and manufacturer Solar Philippines plans to enter the Indian solar market, but then use that experience to become even more competitive in Southeast Asia.

Remarking on what attracts the company to India, Leandro Leviste, CEO of Solar Philippines, told PV Tech: “There's the obvious reason: India's solar industry is 10 times the size of the entire of Southeast Asia's, and after years of getting by... Read more..

Source: PV Tech

2 years after enacting law, Centre unlocks Rs 66,000 crore green fund

Unlocking a fund of more than Rs 66,000 crore to increase the country’s green cover, the Centre has finally notified the rules for utilisation of the money by states and Union Territories, and for setting up authorities to monitor its use for afforestation and conservation. The rules have been framed two years after a law to this effect was enacted. 

The fund is an accumulated amount of money which user agencies have... Read more..

Source: The Times of India

Jharkhand to soon have a new policy for rooftop solar power plant

The Jharkhand Renewable Energy Development Authority (JREDA) on Friday said it has prepared a framework for the state rooftop solar power policy 2018 with an objective to produce 500-megawatt (MW) power through grid-connected rooftop solar plants by 2022. JREDA director Niranjan Kumar said the new policy will facilitate rooftop solar power projects in the state's urban settlements. 

Speaking at an event at a... Read more..

Source: ET Energy World

Several polluting factories in North Delhi may be sealed soon

The North Delhi Municipal Corporation is likely to initiate sealing drive after September 29 against factories or industries using coal and other ‘dirty’ fuels like pet coke and furnace oil leading to air pollution in the city.

The move has come after the Environment Pollution (Prevention and Control) Authority (EPCA) issued a circular to Delhi’s three civic agencies last month, asking them to direct all... Read more..

Source: Hindustan Times

Madras High Court allows solar import release without paying safeguard duty

In a new twist to the imposition of safeguard duty on imported solar panels and modules from July 30, the Madras High Court permitted Shapoorji Pallonji Infrastructure to get its consignment of panels from overseas released by customs officials at Chennai port without paying the duty.

The company has been asked to execute a bond for the amount due and will have to pay the duty if the notification imposing... Read more..

Source: ET Energy World

Hyundai plans to introduce full range of electric vehicles in India

South Korean auto major Hyundai Motor is planning to introduce its full range of electric vehicles in India as it tries to expand its product offerings to compete with market leader Maruti Suzuki for a bigger share of the Indian roads. 

Close on the heels of Maruti Suzuki announcing plans to manufacture electric vehicles by 2020, Hyundai has commissioned a study to explore manufacturing of such vehicles in... Read more..

Source: ET Energy World

Innovation award for HP NGO for solar water heating system

 Community-based NGO Himalayan Research Group has won the Himachal Pradesh State Innovation Award for 2016-17 for developing a cost-effective mountain solar water heating system.

Locally called solar 'hamam', it will drastically reduce fuelwood requirement by making clean energy available at an affordable cost to rural households in harsh weather conditions.

... Read more..

Source: ET Energy World

Garbage in water drains polluting Mumbai coastline: BMC

The Mumbai civic body told the Bombay High Court on Friday that garbage and solid waste thrown into open storm water drains by people were causing pollution  along the metropolitan city's coastline. 

In an affidavit filed before a division bench of justices A S Oka and Riyaz Chagla, the ... Read more..

Source: The Economic Times

Bengaluru worse than Delhi in pollution levels: CPCB

Bad air is no more the worry of national capital New Delhi; Garden City Bengaluru tops the list of six major polluting cities in India, says a CPCB study. The contributing factors: increased industrial activity on the outskirts of the city and use of a high number of diesel generator sets.

Climate Connect to raise up to $10 million in Series B round

London-based Indian energy start-up Climate Connect is seeking to raise $5-10 million in a Series B round within the next six months, the company’s founder and chief executive officer Nitin Tanwar said in an interview. It had earlier raised a $1.2 million Series A round from Amsterdam-based Miller Turner Group. Climate Connect, which deploys artificial intelligence (AI) and machine learning technology software across the energy generation, transmission and distribution spectrum, currently works with a... Read more..

Source: Live Mint

India to invest Rs 3.85 lakh crore to set up 77,000 Megawatt solar capacity

India is likely to invest Rs 385,000 crore for setting up 77,000 Megawatt of solar power generation capacity by 2022, Power and New and Renewable Energy Minister R K Singh said today. 

The government has set a target of installing 100,000 Mw of solar power capacity by 2022. Solar projects with aggregate capacity of 23,120 Mw have been installed up to July 2018. 

... Read more..

Source: ET Energyworld

Mizoram to get 100 MW solar power plant

Sungevity Enterprises, a solar power solutions company, is gearing up to set up the biggest solar power plant in Mizoram with a capacity of 100 MW. This is based on the Memorandum of Understanding (MoU) signed with the Mizoram government on April 21.

Sungevity Enterprises chairman, Premjeet Sharma along with senior directors of the company on Wednesday met with Chief Minister Lal Thanhawla and submitted the... Read more..

Source: Morung Express

India to explore China's participation in International Solar Alliance

The Ministry of New and Renewable Energy (MNRE) has been asked to explore with its Chinese counterpart the possibility of China joining the International Solar Alliance (ISA), a move that could be instrumental in improving the access to solar energy among other member-nations.

This comes after Prime Minister Narendra Modi asked Chinese President Xi Jinping for China’s participation in ISA at the recent BRICS... Read more..

Source: ET Energyworld

‘Country can generate 2 billion tonnes of bio-diesel by 2022’

The country will emerge successful in meeting the global demands of clean and renewable energy sources with the prospect of generating two billion tonnes of bio-diesel by the year 2022, according to Y B  Ramakrishna, Chairman, Working Group on Bio-Fuels, Ministry of Petroleum and Natural Gas.

Speaking on the second day of the three-day international conference on sustainable chemistry on health, environment... Read more..

Source: Hans India

CIIE's Infuse Ventures exits from rooftop solar start-up

Infuse Ventures, a clean-tech focused fund set up by IIM Ahmedabad’s Centre for Innovation Incubation and Entrepreneurship (CIIE), announced partial exit from its investment in a rooftop solar player - Fourth Partner Energy.

Infuse Ventures informed that the partial exit from the company was at a stellar return of over 4 times from its investment of $ 1 million in September 2015.

... Read more..

Source: Business Line

NITI Aayog and CII Partner on Sustainable Development Goals

Shri Raj Kumar Singh, Hon'ble Minister of State (IC), Power and New & Renewable Energy, Government of India, mentioned that business and government must partner for sustainable development of India. He was speaking at the launch of NITI Aayog and CII Partnership on SDGs, at the Government and Business Partnership Conclave in New Delhi on 8 August 2018, organised by NITI Aayog, Confederation of Indian Industry and UN.

... Read more..

Source: Business Standard

Solar rooftop project for Nashik Municipal Corporation to begin soon

The work of installing solar panels for all buildings of Nashik Municipal Corporation under the Smart City Scheme will begin in few days. Tender for solar panels have been approved. The letter of award has been issued to the contractor. In a few days, the work order will be issued.

The rooftop solar equipment will be installed in 16 NMC buildings on a pilot basis by a private agency.

... Read more..

Source: ET Energyworld

With 4 years to go, only 6 per cent of solar rooftop capacity target met

With less than four years left to meet its target of installing 40,000 megawatt (MW) of rooftop solar power capacity by 2022, India has installed just about 2,538 MW as of March 2018, a full 94 per cent short of target.

At this rate, missing the target is a foregone conclusion, which also jeopardises the country's overall solar target of 100 gigawatt (GW, equal to 1,000 MW) by 2022.

... Read more..

Source: ET Energy World

SEZ solar units hit by blind spot in safeguard duty

Lack of clarity on whether the 25 per cent safeguard duty (SGD) on imported cells and modules will apply to solar manufacturing plants in special economic zones (SEZs), which account for 70 per cent of domestic capacity, have got major domestic players worried over the future of their investments in such units.

The finance ministry last month notified 25% SGD on imported solar cells and modules to check... Read more..

Source: ET Energy World

NTPC asks bidders for additional tariffs for tender floated earlier

State-run NTPC has asked solar power developers pre-qualified for a 2,000 MW tender it floated earlier this year to submit additional tariffs reflecting the impact of safeguard duty.

Developers asked NTPC on Monday to clarify whether they would be allowed to pass on the incremental tariff because of the safeguard duty to discoms, failing which, they demanded the tender to be scrapped, people aware of... Read more..

Source: ET Energy World