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Sustainability Outlook Headlines

EVs Represent Large And Growing Global Opportunity: Bharat Forge

Electric mobility represents a large global opportunity with the segment gathering pace over the next few years, according to auto component major Bharat Forge. Addressing shareholders in the company's annual report for 2018-19, Bharat Forge Chairman and Managing Director B N Kalyani said the company has started making inroads in the segment through stake acquisition in Tork Motors and Tevva Motors to scale its capabilities and gain access to R&D knowledge base. The company has also set up a research and... Read more..

Source: BTVI

Global shipping industry 'most exposed' to low carbon energy shift

Rapid decarbonisation of global energy supplies will have radical implications for the shipping industry, a new report said on Wednesday. India too has also been trying to reduce its dependency on coal imports as well as increase its domestic production of oil and gas, resulting in less dependence on fossil fuel cargo. The report by Britain-based shipping industry research group Maritime Strategies International (MSI) recommends vessel selection will be critical, requiring divestment from sectors with the... Read more..

Source: New Kerala

Easing business climate, trade norms to help India attract FDI, improve CAD: IMF

Easing business climate and relaxing trade related norms will help India attract foreign investors and improve the current account deficit situation, according to International Monetary Fund (IMF). The IMF in its India section of the External Sector Report has said that although progress has been made on foreign direct investment (FDI) liberalisation, portfolio flows remain controlled. India's trade barriers remain significant, it said, adding steps to contain fiscal deficit should be accompanied with... Read more..

Source: Daily Pioneer

‘Transmission sector needs ₹5 lakh crore investment for future needs’

One of the key requirements for a $5-trillion economy is an investment of about ₹5 lakh crore in the power transmission sector over the next few years, in order to cater to the 1.8 lakh crore units of electricity that India is likely to consume by 2025, according to a White Paper released by the Confederation of Indian Industry (CII). “Prime Minister Narendra Modi’s vision of a $5-trillion economy will require an estimated investment of ₹5 lakh crore in the transmission sector over the next few years,” CII... Read more..

Source: The Hindu

3 Li-ion battery manufacturers may set up shops in Telangana

As part of NITI Aayog's EV push in the country, three different electric vehicle battery (Li-ion) manufacturers with a combined capacity of 10 gigawatts are expected to set up their facilities in Telangana soon with an investment of Rs 1500 crore in the first phase. Director of Electronics, Telangana, Sujai Karampuri, withholding the names of the companies, said the construction of three different facilities is expected to begin in a month or two and production of the cells would begin between nine to 15... Read more..

Source: DNA India

Lead-Acid Battery market will grow explosively with EVs, says Deepak Ojha, MD, Waldies

The lead-acid battery industry has been in existence for more than 150 years, but the ubiquitous technology is still displaying remarkable traction. With a proven arrangement for reliable and low-cost energy storage, lead-acid battery plays an important role in our day-to-day life. The global lead-acid battery market size was valued at approximately $57.19 billion in 2017 and is forecasted to reach $107.59 billion by 2026, growing at a compounded annual growth rate (CAGR) of 7.3 per cent. Growth in the lead-... Read more..

Source: ANI News

Rapid Urbanisation and Deforestation are Warming up the State of Odisha, finds study

It is no secret that the planet's temperature is increasing. If it continues unabated, India will be among one of the worst-hit countries with frequent floods and droughts. Most parts of Northern India faced severe heatwave with temperatures reaching record highs and killing hundreds in 2019. On the contrary, torrential rains lashed Mumbai and Pune, flooding the cities. In Chennai, a severe crisis for drinking water is keeping the city on its toes. Global warming is caused by increasing levels of greenhouse... Read more..

Source: Daily Hunt

Greenko starts roadshows for up to $1 billion bond sale

Greenko Group, one of India’s largest renewable energy producers, has started meeting investors for a proposed dollar bond sale, which could see the company raise up to $1 billion, said two people aware of the development. Greenko, owned by sovereign wealth funds GIC of Singapore and Abu Dhabi's Abu Dhabi Investment Authority (ADIA), is looking to raise up to $750 million to $1 billion through the bond sale to refinance the debt of a part of its operational assets, said the first person cited above. "Investor... Read more..

Source: Livemint

India To Save $ 381 Million Through Sustainable Ethanol Procurement System

India could save $381 million and ensure a consistent supply of ethanol while developing the indigenous industry, says the latest report by UPES and PLR. It emphasizes meeting the ethanol blending mandates along with the development of 2G production. The report suggests that India needs to follow international trends very closely for a robust ethanol ecosystem, which will facilitate substantial foreign exchange savings from reduced dependence on crude as well as increased octane savings. Mr. Suhaan Mukerji,... Read more..

Source: Business World

Bosch inaugurates expanded smart factory for mobility solutions near Bengaluru

Bosch, a leading global supplier of technology and services, has inaugurated its expanded smart factory for mobility solutions in Bidadi (Phase II), which is located around 35 km from Bengaluru. The plant features latest Industry 4.0 solutions and carbon-neutral technology. The company has invested 31 million euros in the new facility. The Bidadi plant will accommodate almost 2,500 associates by the end of 2019. The Bidadi plant will act as a local hub for development of Bosch powertrain solutions and... Read more..

Source: The News Minute

Andhra Pradesh asks SECI, NTPC to revise tariffs for some solar projects

The new government in Andhra Pradesh has asked NTPC and Solar Energy Corp of India (SECI) to revise tariffs for power from 1,650 megawatt of solar projects to Rs 2.44 per unit retrospectively from the time of commissioning of the plants in 2016. In a letter to NTPC, government-run southern power distribution company of Andhra Pradesh sought revision of tariffs from solar plants in Anantpur district (250 mw) and Kurnool (1,000 mw). The tariff from the Anantpur plant has been fixed by the state's regulator at... Read more..

Source: Energy World - Economic Times

Plastics could be recycled to create renewable energy says a new research

Scientists have found a way to recycle plastics to create high-value materials such as carbon nanotubes, which can not only conduct heat and electricity but also help reduce plastic waste. While a small proportion of the hundreds of types of plastics can be recycled by conventional technology, researchers from Swansea University in the UK found that there are other things that can be done to reuse plastics after they have served their original purpose. The research, published in The Journal for Carbon... Read more..

Source: Indian Express

Unpredictable rains and sudden storms are new risk to India’s renewables goals

India’s ambitious plan to take the leadership position among nations as one of largest producers of renewable energy may have run into some unfavorable weather. Freak climatic conditions are damaging renewable energy projects, threatening a business which survives on wafer-thin margins. A storm in India’s Rajasthan state, known for its deserts and sunny days, tore through a solar park and blew away modules of various developers. In the adjoining state of Madhya Pradesh, a generator found sections of his... Read more..

Source: Livemint

India's Renewable Energy Capacity Crosses 80GW-Mark, Says R K Singh

India's renewable energy capacity has crossed the 80GW-mark, which includes 29.55 GW of solar energy and 36.37 GW wind power, Parliament was informed Tuesday. The government has set an ambitious target of having 175 GW of clean energy capacity by 2022, including 100 GW solar and 60 GW of wind energy. "The Government is regularly monitoring the progress being made to achieve the target of 175 GW by 2022. "A total of 80.46 GW of renewable energy capacity has been installed in the country as on June 30, 2019... Read more..

Source: Yahoo

Indus plans to host EV charging units across its vast network of telecom towers

Indus Towers Ltd, India’s largest mobile tower company, plans to utilize its vast base of telecom towers to charge electric vehicles as part of a strategy to tap this fledgling industry and morph into an overall infrastructure provider. The move will allow the company to secure a unique revenue stream outside the traditional model of renting out its towers to mobile phone operators. It would also help Indus Towers reduce dependence on the troubled domestic telecom sector. The telecom industry has witnessed... Read more..

Source: Livemint

First offshore wind ‘emerging markets’ land World Bank funds

Twelve countries are in line to be the first cohort of ‘emerging’ offshore wind markets to see backing under a $5m programme recently launched by the World Bank and International Finance Corporation (IFC) to fast-track take-up of the increasingly competitive energy resource around the world. Vietnam, Algeria, Morocco, Brazil, Indonesia, Costa Rica, Poland, India, Sri Lanka, Argentina, South Africa and Turkey will receive support through the World Bank’s Energy Sector Management Assistance Programme to collect... Read more..

Source: Recharge news

Palau signs International Solar Alliance Framework agreement

Palau signed the International Solar Alliance (ISA) Framework Agreement here, lauding India for its efforts in promoting sustainable development projects through South-South cooperation. Palau became the 76th country to sign the ISA Framework Agreement, which till date has been ratified by a total of 54 of the 76 countries. Palau President Tommy Remengesau signed the ISA Framework Agreement on Monday during a special ceremony at the Permanent Mission of India to the United Nations. Remengesau recognised the... Read more..

Source: The Hindu - Business Line

Vakrangee aims to set up 75,000 EV charging kendras across India by FY22

Vakrangee Ltd has decided to set-up the Electric Vehicle (EV) Charging Infrastructure facility through Nextgen Vakrangee Kendra Outlets. Vakrangee has 3,504 Nextgen Vakrangee Kendra's spread across 19 states, 366 districts and 2,186 postal codes. More than 68 per cent outlets are from Tier 5 and tier 6 cities. Their planned target is to reach at least 75,000 by FY2021-22 and 3,00,000 outlets by FY2024-25. Vakrangee plans to leverage this deep presence by being an enabler for the EV charging facility through... Read more..

Source: Business Standard

Hyundai exploring affordable EV for India

Hyundai has just launched its first EV in India, the Kona Electric. While the Kona Electric has impressive specs for an EV, including a 452km ARAI-certified range, its Rs 25.3 lakh (ex-showroom, India) price tag means that it won’t be the Hyundai model responsible for mass adoption of electric vehicles. However, a new, affordable Hyundai EV could just be the model to take things into higher gear – like the 'small EV' the carmaker has said is in the works for the Indian market. The small EV is in the product... Read more..

Source: Autocar India

JLR to get £500-million UK loan guarantee to develop next generation EVs

Tata Motors owned Jaguar Land Rover (JLR) on Tuesday said it will receive a £500-million guarantee from the UK government to underwrite a planned £625 million loan facility from commercial banks to develop the next generation electric vehicles and future mobility solutions. Tata Motors-owned Jaguar Land Rover (JLR), on Tuesday said it will receive a 500-million-pounds guarantee from the UK government. The UK’s largest automotive exporter said the guarantee for the loan comes from the UK Export Finance (UKEF... Read more..

Source: Business Standard

Ujjwala has cut rural women’s chest congestion by 20%: Study

Ujjwala, the Narendra Modi government’s flagship social welfare programme providing LPG connection free of cost to poor households, has helped ease chest congestion among rural women by 20%, according to a joint study by Indian Chest Society and Indian Chest Research Foundation. The study, published in the International Journal of Medical and Health Research, an Indian publication, was conducted on 120 females in the 20-50 age group chosen from attendants of patients seeking treatment for chest ailments. It... Read more..

Source: Energy World - Economic Times

Soot content in air declining, says IISc-Isro study

The amount of soot or black carbon in India’s air is reducing. It has been declining at a rate of 100 nanogram per cubic metre per year, a recent study by scientists from Indian Institute of Science (IISc) and Indian Space Research Organization (Isro) has revealed. Soot consists of tiny carbon particles called aerosols. These are much smaller than the diameter of a human hair strand and hence can enter our lungs and cause serious damage to health. Not just that. They can have an adverse impact on the Indian... Read more..

Source: Energy World - Economic Times

Cap renewable energy tariff at Rs 3 per unit under NTPC, SECI auctions: Ind body

National Solar Energy Federation of India has urged the government to cap tariff from all renewable energy sources at Rs 3 per unit for auctions by state-owned NTPC and Solar Energy Corporation. The capping will help keeping the renewables tariff lower than Rs 3 per unit. This will prove to be a remedy for differential treatment of electricity in the country and help in achieving 'one nation, one grid, one renewable, one price', according to National Solar Energy Federation of India (NSEFI). In a recent... Read more..

Source: Energy World - Economic Times

Niti’s methanol plan for petrol vehicles on the backburner

The Niti Aayog has put the brakes on its plans for the use of methanol as an alternative fuel for petrol-run vehicles, in a major shift in strategy as the government’s focus has now moved to electrification of vehicles. However, the Aayog will continue to push usage of methanol-run gensets, telecom towers and other stationary power units besides methanol-blended fuel for cooking, as India goes all out to reduce its oil import bill across sectors. Niti Aayog member VK Saraswat had drawn up an ambitious ‘... Read more..

Source: Economic Times

Four lakh e-vehicles in India, 50% of them in Delhi, UP

Currently there are nearly four lakh registered electric or battery operated vehicles in India and half of them are in Uttar Pradesh and Delhi, according to road transport ministry’s data. Sources said most of these vehicles are e-rickshaws and e-carts, which got legal status after Parliament passed a law in March 2015 to recognise these as motor vehicles. In a written reply, Union road transport minister Nitin Gadkari has informed the Lok Sabha that UP has 1.39 lakh registered electric vehicles followed by... Read more..

Source: Energy World - Economic Times