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Sustainability Outlook Headlines
Technology to enhance biogas production of Fat-rich sludge from dairy industry developedIndian Scientists have developed a novel high-performance bioreactor system integrated with sustainable pre-treatment process for enabling anaerobic digestion of complex fat-rich sludge from dairy industry. It has been further integrated with membrane bioreactor based-wastewater treatment to enable zero liquid discharge in the dairy industry. This technology has been developed by Dr. Sandeep N. Mudliar at CSIR-CFTRI Mysore with support from the Waste Management Technology program of the Department of Science & Technology (DST), Government of India, with in-kind support from M/s... Read more.. Date : Oct 1 Source: PIB
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Unique technology for direct generation of Hydrogen from agricultural residue developedIndian researchers have developed a unique technology for direct generation of Hydrogen from agricultural residue. This innovation by Indian researchers can promote eco-friendly hydrogen fuel-cell electric vehicles by overcoming the challenge of hydrogen availability. India has set a target of 60% renewable energy of about 450 GW by 2030. To achieve this feat, in the current scenario, researchers all over the world are working towards renewable energy solutions which should be sustainable with a limited carbon footprint. One of the most economical ways to achieve this is to produce... Read more.. Date : Oct 1 Source: PIB
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Philip Morris Signs $2.5 Billion “Transformation-Linked” Facility, Tying Debt Costs to Smoke-Free GoalsPhilip Morris International Inc. (PMI) (NYSE: PM) announces that on September 29, 2021, the company entered into an agreement for its first financing instrument following the issuance of its August 2021 Business Transformation-Linked Financing Framework (Framework). The new revolving credit facility (Facility) provides for borrowings up to an aggregate principal amount of USD 2.5 billion and expires on September 29, 2026, unless extended as per the terms of the credit agreement. "We are pleased with the broad engagement and support of lenders for our first business transformation-... Read more.. Date : Oct 1 Source: Yahoo Finance
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Ericsson signs USD 2 billion sustainability-linked revolving credit facilityEricsson (NASDAQ: ERIC) has signed a USD 2 billion sustainability-linked revolving credit facility, renewing an undrawn USD 2 billion credit facility signed in 2013. The successful transaction underlines the confidence in Ericsson’s financial and sustainable performance and the facility is backed by a group of leading global and regional banks. The renewed facility has a clear link to Ericsson’s sustainability work for a better world and its interest margin will be linked to two of Ericsson’s sustainability KPIs. The first KPI is tied to carbon neutrality in Ericsson’s own... Read more.. Date : Oct 1 Source: Ericsson
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Ministry of Power Redesigns Renewable Energy Certificate (REC) Mechanism; Floor and forbearance price limits removed; REC prices to be determined by Market conditionsUnion Minister of Power and New & Renewable Energy, Shri RK Singh has given his assent to amendments in the existing Renewable Energy Certificate (REC) mechanism. The intent behind this decision is to align the ‘mechanism’ with the emerging changes in the power scenario and also to promote new renewable technologies. The proposed changes will provide some flexibility to the players, additional avenues, rationalization and also addressing the RECs validity period uncertainty issues. Extensive stakeholder consultations have been held towards drawing up these changes. The Ministry... Read more.. Date : Sep 30 Source: PIB
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BPCL planning to set up 1,000 EV charging stationsBPCL BPCL operates only 44 EV charging stations currently but a plan to add another 1,000 charging stations means the company wants to be ready should EVs gain in popularity going forward. The company plans to offer multiple fuelling options at 7,000 petrol pumps, or about a third of its network of 19,000 outlets, to facilitate owners of vehicles powered by gas,... Read more.. Date : Sep 30 Source: Economic Times
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Ather Energy extends free charging till December 2021: 500 fast chargers by March 2022Ather Energy essentially kick-started the premium electric scooter segment in India with its 340 and 450 electric scooters. Interestingly, the lower-spec 340 was later discontinued due to poor demand and the company then went on with its 450 product line. The 450 was updated later as the 450 Plus and in addition, the brand also rolled out a more performance-oriented version of the same called the 450X. Now, one good thing about the Bengaluru-based start-up has been the fact that it is putting equal focus on the expansion of its charging infrastructure called Ather Grid. Till now,... Read more.. Date : Sep 30 Source: Financial Express
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DVC plans Rs 15,000 crore investment for solar and pump storage facilitiesDamodar Valley Corporation (DVC), the three-way joint venture of the Union, West Bengal and the Jharkhand governments, will invest over Rs 15,000 crore for creating 2,000 MW of solar portfolio and a 1,500 MW (6×250 MW) pump storage project. The investment, aimed at offering a better mix of thermal, hydel and solar power to its present industrial consumers also envisions catering to domestic consumers making use of the open access. DVC, at present having an installed capacity of 6,897 MW and managing four dams, wants a JV with NTPC for implementing the solar power projects, to come... Read more.. Date : Sep 30 Source: Financial Express
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Large-scale reactor developed for cost-effective production of hydrogen using sunlight and waterA team of scientists have, for the first time, developed a large-scale reactor which produces a substantial amount of hydrogen using sustainable sources like sunlight and water, which is a cost-effective and sustainable process. India has set a target of 450 GW of renewable energy by 2030. To achieve this feat, in the current scenario, researchers all over the world are working towards renewable energy solutions which should be sustainable with a limited carbon footprint. One of the most economical ways to achieve this is to produce hydrogen at a large scale through photocatalytic... Read more.. Date : Sep 30 Source: PIB
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Indian aviation company JetSetGo to make flight operation carbon neutral by 2024India’s leading private aviation company, JetSetGo on Tuesday announced its ambitious target to develop a carbon management programme to make flight operations carbon neutral for all its flights by 2024. The programme being implemented in partnership with Auroville Consulting, a provider of ecological and socially-responsible consultancy services, would have a two-pronged approach; first to reduce emissions by implementing innovative technological solutions, and second by neutralizing the remaining emission through an active carbon offset strategy. The company has set up a... Read more.. Date : Sep 30 Source: The Statesman
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Shipping Minister Sonowal reiterates commitment to enhance share of renewable energy to 60 per cent of power demand at major portsUnion Minister for Ports, Shipping and Waterways Shri Sarbananda Sonowal has said that India intends to increase share of renewable energy to 60% of total power demand of each of its major port from present share of less than 10%. This will be through solar and wind generated power. Virtually addressing the high level session on IMO-Norway Green Voyage 2050 Project in New Delhi today, he said, 50% of port equipment will be electrified by 2030, and all ports shall supply shore power to all visiting ships in a three-phased manner by that time. The ports have also aimed to reduce Carbon... Read more.. Date : Sep 29 Source: PIB
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IREDA in the process of setting up a debt fund as Alternate Investment Fund (AIF) to tap large Institutional InvestorsThe 34th Annual General Meeting (AGM) of Indian Renewable Energy Development Agency Ltd. (IREDA), the PSU under Ministry of New & Renewable Energy, held today here. Annual accounts for financial year 2020-21 were adopted at the AGM. Addressing the Shareholders, Shri Pradip Kumar Das, Chairman & Managing Director (CMD), IREDA highlighted that, “despite the pandemic regime, IREDA completed the FY 2020-21 on second highest loan disbursements (since inception) amounting to Rs. 8,827 Crore, highest ever Profit Before Tax of Rs. 569.52 Crore with an increase of 136.20% over the... Read more.. Date : Sep 29 Source: PIB
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Private sector should focus on Sustainable Development Goals: KantNiti Aayog chief executive officer Amitabh Kant on Tuesday called upon all private sector players to focus on Sustainable Development Goals (SDGs) and become green companies of the future which would help them access capital at low rates. He said to meet the targets under the SDG framework on time, India needs to progress faster on nutrition, learning outcomes, women's active participation in the economy, employment for all... Read more.. Date : Sep 29 Source: Economic Times
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Zypp Electric raises about USD 7 mn in Series-A funding roundZypp Electric, a hyperlocal and EV-based last-mile delivery startup, has raised around $7 million in a Series A round, co-led by 9Unicorns and Anthill Ventures, the company said in a statement on Tuesday. The round also witnessed participation from family offices and early-stage funds; Nanavati Family Office, We Founder Circle, Silicon Valley based Riso Capital Fund, Dholakia Ventures along with existing investors Venture Catalysts and IAN Fund. Angel investors including Tarun Saraf of Warehouse Now, Rahul Khera of AWL logistics; Arjun Seth, Mark Joseph, both EV enthusiasts also... Read more.. Date : Sep 29 Source: Live Mint
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KKR-backed firm raises Rs 460 crore in India's first renewable InvITIndia’s first and only renewable energy InvIT (Infrastructure Investment Trust) Virescent Renewable Energy Trust (VRET) has raised Rs 460 crore from foreign and domestic investors in its first round of funding. VRET was floated in February this year by Virescent Infrastructure, which was set up in 2020 and is backed by global investment firm KKR. “We look forward to drawing on the global investment management expertise of our investors as we continue to acquire high-quality assets for achieving our initial growth targets. Our endeavour is to support the government in... Read more.. Date : Sep 29 Source: Business Standard
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Investors with $4 trillion assets aim to tackle Asian firms on climate change goalsA group of six investors with a combined $4 trillion of assets under management, including Fidelity International, said on Wednesday it aims to step up engagement with big Asian companies like banks and energy producers to ensure they have a road map to meet climate change targets. Initial engagement will focus on carbon risk and coal at banks and coal-exposed power companies, the group of investors, facilitated by Singapore-based advisor Asia Research & Engagement (ARE), said in a statement. The move comes as investors become more active in the field of environmental,... Read more.. Date : Sep 29 Source: Economic Times
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Waaree Energies files DRHP with Sebi for IPO; to raise Rs 1,350 crore for expansionWaaree Energies, India’s largest solar module manufacturer, has filed a draft red herring prospectus with markets regulator Securities and Exchange Board of India (Sebi) to raise Rs 1,350 crore via initial public offer (IPO). The issue will also have offer for sale by promoters. The proceeds from IPO will be used for setting up a 2 GW per annum solar cell manufacturing facility and a 1 GW per annum solar PV module manufacturing facility in Chikhli, Gujarat. Around Rs 978.36 crore will be used for the solar cell manufacturing unit and Rs 184.23 crore will be used for PV module unit... Read more.. Date : Sep 29 Source: Financial Express
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11 thermal plants around Delhi directed to co-fire biomass pelletsThe Centre's air quality commission has directed all 11 thermal power plants within a 300-km radius of Delhi to co-fire biomass pellets with coal, saying this can utilise millions of tonnes of biomass, address the issue of stubble burning and reduce air pollution. Paddy straw burning is a matter of grave concern in the National Capital Region and its adjoining areas. Ex-situ utilisation of paddy straw is an important strategy among various means to prevent and control its burning, the Commission for Air Quality Management (CAQM) said. "The commission directs all the 11 thermal power plants... Read more.. Date : Sep 28 Source: Business Standard
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Govt aims to tap solar energy to power cold chain facilitiesIndia plans to tap its ambitious solar programme to offer uninterrupted power to cold-chain facilities for storing vaccines in what would be a major boost to the nationwide covid-19 vaccination exercise. The plans to use solar power assume importance given unreliable electricity supply in several parts of the country, especially rural India. The country has set an aim to have 100GW of solar power generation capacity by 2022, with a significant focus on rooftop solar and decentralised solar installations. On the vaccination front, nearly 880 million covid-19 vaccine doses have been... Read more.. Date : Sep 28 Source: Live Mint
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IGL and SDMC Ink MoU to Establish Waste to Energy PlantIndraprastha Gas Limited (IGL) today signed a Memorandum of Understanding with South Delhi Municipal Corporation (SDMC) to establish waste to energy plant in Delhi to convert Municipal Solid Waste into Compressed Bio-Gas (CBG) for use as fuel for running vehicles. The MoU was signed in the presence of Mr. Hardeep Singh Puri, Union Minister of Petroleum & Natural Gas and Housing and Urban Affairs, Mr. Anil Baijal, Lt. Governor, Delhi, Mr. Rameswar Teli, Union Minister of State for Petroleum & Natural Gas and Labour & Employment, Mr. Tarun Kapoor, Secretary, Ministry of Petroleum... Read more.. Date : Sep 28 Source: PIB
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Green rides help Delhi Metro earn Rs 19.5 cr through carbon credits in 6 yearsThe Delhi Metro Rail Corporation (DMRC) has earned Rs 19.5 crore in six years from the sale of 3.5 million carbon credits. These credits are tradable certificates, which enables DMRC to sell credits earned from its greenhouse gas (GHG) emission-reducing projects to other organisations, who need to compensate for their GHG emissions. Anuj Dayal, executive director (corporate communications), DMRC, said that Delhi Metro became the first Metro or railway project in the world to be registered by the United Nations under the clean development mechanism (CDM) in 2007, which enabled... Read more.. Date : Sep 28 Source: Economic Times
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Sop time for Electric Vehicles users: Subsidy scheme to be extendedKarnataka continues to have the highest number of electric vehicles in the country. Now, in what may come as a boon for people aspiring to ride on their own electric vehicles, the government is looking to extend the provisions of its subsidy scheme FAME II to the buyers of passenger cars meant for personal use. Government sources said that they were also looking at including electric bicycles under the capital subsidy scheme seeing its growing popularity and the need to bring down its cost for customers. The fresh inclusions would make the running Fame II or Faster Adoption and... Read more.. Date : Sep 28 Source: Economic Times
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Adani, Reliance to set up solar gigafabs in IndiaThe Indian government’s production-linked incentive (PLI) scheme for gigawatt-scale manufacturing of high-efficiency solar modules has received bids for 54.8 GW of capacity, with participation from existing manufacturers and new players alike. Half of the 18 bidders are new to solar manufacturing. The shortlist includes Adani Infrastructure, Jindal India Solar, Reliance New Energy, and Shirdi Sai Electricals, with each of them winning top marks because they offer the full extent of integration up to the polysilicon production stage and a maximum capacity of 4 GW each. U.S. thin-film... Read more.. Date : Sep 28 Source: PV Magazine
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Green policies not to blame for energy price surge, IEA saysInternational Energy Agency (IEA) chief Fatih Birol speaks at a news conference on the sidelines of G20 Energy Ministers Meeting in Istanbul, Turkey, October 2, 2015. REUTERS/Osman Orsal BRUSSELS, Sept 27 (Reuters) - Clean energy policies are not to blame for recent spikes in gas and electricity prices, and the soaring prices should not derail Europe's green transition, International Energy Agency executive director Fatih Birol said on Monday. Gas and electricity prices in Europe have surged in recent months as gas supply issues have collided with rising demand in economies... Read more.. Date : Sep 28 Source: Reuters
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SAUBHAGYA completes FOUR years of successful implementation; 2.82 crore households have been electrified since the launch of SAUBHAGYA2.82 crore households have been electrified since the launch of SAUBHAGYA. These figures are till March 31st of this year. As of march 2019, 2.63 crore willing un-electrified households in rural and urban areas of the country were provided electricity connections in a record time of 18 months. Subsequently seven states- Assam, Chhattisgarh, Jharkhand, Karnataka, Manipur, Rajasthan and Uttar Pradesh reported that around 18.85 lakh un-electrified households, identified before 31.03.2019, which were unwilling earlier, but later expressed their willingness to get electricity connections, were... Read more.. Date : Sep 27 Source: PIB
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