You are here

Sustainability Outlook Headlines

Wells Fargo to provide US$100 billion to clean energy by 2030

San Francisco-headquartered financial services provider Wells Fargo & Company has said it will provide more than US$100 billion in financing to clean technology and renewable energy transactions by 2030.

This is part of a wider US$200 billion plan for sustainable businesses and projects in the same period. With more than half going towards renewable energy, green bonds, and alternative transportation,... Read more..

Source: PV Tech

SBI expects to save Rs. 30 crore annually through its renewable energy investments

The country's largest lender SBI today said it has saved Rs 125 crore in the last eight years by putting up 10 windmills, and expects to save Rs 30 crore annually through its renewable energy investments.

The bank has installed 10 windmills with a capacity of 1.5 MW each, including six in Maharashtra, three in Tamil Nadu and one in Gujarat since 2010 and saved over Rs 125 crore in energy costs, an official statement said.

It has also invested in solar power and now possesses a... Read more..

Source: ET Energyworld

SMEV, Taiwan council ink pact to strengthen electric vehicle ecosystem

With a vision to create a favorable ecosystem for electric mobility between India and Taiwan, the Society of Manufacturers of Electric Vehicles (SMEV) has signed a Memorandum of Understanding (MoU) with Taiwan External Trade Development Council (TAITRA).

The partnership aims at putting joint efforts for the development of electric vehicles (EV) through the exchange of information and technology.... Read more..

Source: ET Energyworld

Volvo Cars seeks incentives to push hybrid vehicles in India

Swedish automaker Volvo Cars wants incentives for hybrid vehicles in India as it looks to expand its cleaner transport solutions in the country. 

The automaker, which sells plug-in hybrid model XC 90 in India, is also seeking lower import duties in the country. 

"In order for us to do better business in... Read more..

Source: ET Energyworld

Oil companies offer subsidy to dealers to install solar rooftop systems

The three state-owned oil marketing companies (OMCs) are on a solarisation spree, to reduce “consumption of hydrocarbon fuels” and “improve public perception” of themselves.

They are offering a subsidy to their cooking gas (LPG) and motor fuel pump dealers to install solar rooftop systems at their units. There are close to 50,000 petrol/diesel outlets in the country and around 18,000 LPG distributors.... Read more..

Source: Business Standard

To curb power theft, Agra to switch to smart meters

In a bid to curb power theft in the city, state government-owned power distribution company, Dakshinanchal Vidyut Vitral Nigam Limited (DVVNL), is planning to install smart meters in both residential and commercial establishments.

Under the new system, through modem (modulator-demodulator) equipped smart meters, data of power consumption by each consumer will be maintained by a central server at the control... Read more..

Source: ET Energyworld

Scientists physically deform semiconductor crystals to create bulk photovoltaic effect

The paper entitled the "Flexo-Photovoltaic Effect" was written by Professor Marin Alexe, Ming-Min Yang, and Dong Jik Kim who are all based in the University of Warwick's Department of Physics.

The Warwick researchers looked at the physical constraints on the current design of most commercial solar cells which place an absolute limit on their efficiency. Most commercial solar cells are formed of two layers... Read more..

Source: Science Daily

Pimpri Chinchwad Municipal Corporation approves Waste to energy plant at Moshi

The general body meeting of Pimpri Chinchwad Municipal Corporation on Friday approved the waste to energy plant at Moshi garbage depot following a detailed presentation by municipal commissioner Shravan Hardikar.

While garbage was processed in every ward earlier, central processing would be carried out at Moshi garbage depot. Around 800 tonnes of garbage are generated in PCMC area every day. Two agencies... Read more..

Source: ET Energyworld

Mahindra, Meru to deploy electric cabs in Hyderabad

Mahindra Electric and cab service Meru on Sunday announced a joint electric vehicle (EV) pilot project in Hyderabad, to be replicated in other cities soon.

Their joint statement here on Earth Day said that under the pilot project, Meru will deploy Mahindra's eVeritos all-electric sedans. 

Speaking on the... Read more..

Source: ET Energyworld

New procedure to reduce pollution from coal-fired power plants

Coal, as a source of energy, is firmly out of favour now due to climate change considerations. Most countries, including India, have plans to phase out coal over the next few decades. India, in fact, has officially announced that it would not set up any new coal-fired power plants after 2022.

However, we still have to live with coal for some more time at least. In spite of the rapid increase in power... Read more..

Source: The Indian Express

Government on target: All villages to get electricity by month-end

The government is set to meet its ambitious target of providing electricity to all villages by the end of April. 

Of the 18,452 villages targeted to be electrified in 1,000 days from August 15, 2015, 58 are left and the government expects to complete the task before April 30. Another 1,100 villages that were later identified as lacking electricity will also be covered this month, Union power secretary Ajay... Read more..

Source: The Economic Times

NTPC calls tariff-based bids for 2,000MW of renewable energy

State-run power producer NTPC has called tariff-based bids to buy 2,000 MW of renewable energy, which it plans to blend with the costly coal-based capacity and sell to distribution companies under their existing contracts. 

This follows the government’s recent policy announcement that gives coal-fired power plants with regulated tariffs the flexibility to generate and blend electricity, a move aimed at... Read more..

Source: The Economic Times
Subject Tags: renewable energy, tariff

Ministry calls for time-bound execution of clean air plan

Amid green organisations voicing concern over the absence of pollution reduction targets, the Union Environment Ministry on Thursday called for time-bound implementation of the National Clean Air Programme (NCAP). 

The NCAP calls for a long-term time-bound national-level plan to control air pollution. Under this, the ministry aims to augment air quality monitoring in 100 non-attainment cities. ... Read more..

Source: The Economic Times

Plans afoot to reduce pollution in Mandi Gobindgarh: Deputy Commissioner

The most polluted industrial town of Punjab, Mandi Gobindgarh, will be made clean. An action plan for implementing various steps to make the town pollution-free has been prepared and implemented soon, said Deputy Commissioner Kanwalpreet Brar.

In a meeting here on Thursday, the DC directed officials of the Punjab Pollution Control Board (PPCB), the Municipal Council and the District Town Planning (DTP) to... Read more..

Source: Tribune India

Polymer ‘sponge’ can clean up oil spills

Scientists have developed a polymer sponge, using waste products from the petroleum and refining industries, that can quickly soak up crude oil from marine spills.

The polymer made from waste cooking oil and sulphur (a by-product of the petroleum industry) could make polluted beaches, oily water, dead birds and marine life destruction a thing of the past.

... Read more..

Source: India.com

National Investment and Infrastructure Fund of India (NIIF) partners with UK govt for Green Growth Equity Fund

The government’s National Investment and Infrastructure Fund of India (NIIF) on Wednesday announced a partnership with the UK government to launch Green Growth Equity Fund (GGEF), an alternative investment fund registered with the Securities and Exchange Board of India (Sebi).

NIIF and the UK government have committed £120 million each for the fund which will be managed by EverSource Capital, a joint venture... Read more..

Source: livemint

H&M aims to be climate positive across value chain by 2040

H&M aims to become climate positive across the entire value chain by 2040, says its sustainability report 2017. The company has been making strong progress towards its vision to lead the change towards a circular and renewable fashion industry, while being a fair and equal company. H&M is therefore pushing the development towards a shift to a circular model.
The fashion industry needs to rethink the future of fashion. Clothes are and will continue to be an everyday necessity, but the fashion... Read more..

Source: Fibre2Fashion

Sweden announces $ 6 million as seed money for innovation projects in India

India and Sweden on Tuesday signed a joint innovation partnership and agreed on a joint action plan with a seed money of $ 6 million from here to push PM Narendra Modi’s Make in India initiative besides agreeing to work on a security agreement that would enable intelligence sharing. 

Taking forward their defence cooperation including joint production the two sides decided to strengthen their defence... Read more..

Source: The Economic Times

India-US to strengthen its alliance in oil & gas, power, renewable energy

India and the United States on Tuesday decided to increase its co-operation in oil and gas, power, renewable energy and coal sectors during the first meeting of the US-India Strategic Energy Partnership.

US president Donald Trump and Prime Minister Narendra Modi had announced the partnership on June 26, 2017, in Washington, D.C. Through the partnership, the United States and India collectively seek to... Read more..

Source: Business Standard

Single-use plastics could be banned in England next year

Cotton buds, plastic drinking straws and other single-use plastics could be banned from sale in England next year in the next phase of the campaign to try to halt the pollution of the world’s rivers and oceans.

Theresa May hopes to use the announcement to encourage the Commonwealth heads of government to join the fight as the meeting opens formally on Thursday. “The Commonwealth is a unique organisation with... Read more..

Source: The Guardian

EU Launches Innovation Observatory for Shared Ideas on Textile Sustainability

The European Union (EU) is tackling industrial pollution with a new initiative designed to yield a more sustainable textile sector.

According to the EU, industrial pollution accounts for a large share of Europe’s overall pollution problem, thanks to the emission of air pollutants, discharges of wastewater and waste generation. To help address the issue, The European Commission, the legislative body of the EU... Read more..

Source: Sourcing Journal

Hero Future Energies sets up country’s first hybrid renewable power plant

Hero Future Energies has commissioned the country’s first large-scale hybrid renewable energy project — a combination of sun and wind power — in Karnataka’s Raichur district. 

The company has added a 28.8 MW solar project to an existing 50 MW wind project set up two years ago. 

A hybrid project has several... Read more..

Source: The Economic Times

Major ports to desalinate sea water: Gadkari

To meet potable water demand, three major ports - Paradip, Ennore and Chidambarnar - will install plants to recycle and desalinate sea water, Union Minister Nitin Gadkari said today.

The decision in this regard was taken in a meeting with chairpersons of major ports.

"Paradip Port, Kamarajar Port & VO... Read more..

Source: The Times of India

Novel plastic-eating enzyme created

Scientists have created an enzyme which can digest some of the most commonly polluting plastics, providing a potential solution to one of the world's biggest environmental problems. 

The discovery could result in a recycling solution for millions of tonnes of plastic bottles, made of polyethylene terephthalate (PET) which currently persists for hundreds of years in the environment. 

... Read more..

Source: The Economic Times

India probes dumping of Ethylene Vinyl Acetate (EVA) sheets for solar modules by 5 nations

India has initiated a probe into the alleged dumping of EVA sheets used in solar cell industry, imported from China, Malaysia, Saudi Arabia, South Korea and Thailand. 

The investigation on imports of 'Ethylene Vinyl Acetate (EVA) sheets for solar modules' is carried out by the Directorate General of Antidumping and Allied Duties (DGAD), which is an arm of the commerce ministry. 

... Read more..

Source: ET Energyworld
Subject Tags: industry news, solar cells