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Sustainability Outlook Headlines

How US Grid Operators Plan To Tackle Energy Storage at Gigawatt Scale

How can U.S. transmission grids and wholesale energy markets adapt to the gigawatts of energy storage coming online over the next decade?

In the near future, the scale of the batteries serving U.S. power grids is set to explode, increasing from about 1.5 gigawatts today to tens or hundreds of gigawatts by 2030. These batteries will play a vital role in shifting intermittent wind and solar power from when it’s produced to when it’s needed and serving broader grid services needs on an increasingly decarbonizing grid.

But as a resource that can both absorb and discharge... Read more..

Source: Green Tech Media

Denmark to create world's first energy island in the North Sea

COPENHAGEN: Denmark approved a plan on Thursday to build the world's first energy island in the North Sea that will produce and store enough green energy to cover the electricity needs of 3 million European households.

The artificial island, which in its initial phase will be the size of 18 football fields, will be linked to hundreds of offshore wind turbines and will supply both power to households and green hydrogen for use in shipping, aviation, industry and heavy transport.

The move came as the European Union unveiled plans to transform its electricity system to rely... Read more..

Source: Economic Times

China plans to raise minimum renewable power purchase to 40% by 2030 - govt document

BEIJING: China will force regional grid firms to buy at least 40 per cent of power from non-fossil fuel sources by 2030 in order to meet the country's climate targets, according to a new government document seen by Reuters.

Grid companies will steadily increase the amount of power purchased from clean generation sources from 28.2 per cent in 2020 to 40 per cent by 2030, according to a draft policy from the National Energy Administration (NEA), verified by a person with direct knowledge of the matter.

President Xi Jinping pledged last year to make China "carbon neutral" by... Read more..

Source: Economic Times

Brookfield Pursues $7.5 Billion Fund Devoted to ‘Net-Zero’ Shift

Brookfield Asset Management Inc. plans to raise at least $7.5 billion for a new climate-focused fund, as the Canadian investment firm builds out an ESG business led by former Bank of England Governor Mark Carney.
(Bloomberg) -- Brookfield Asset Management Inc. plans to raise at least $7.5 billion for a new climate-focused fund, as the Canadian investment firm builds out an ESG business led by former Bank of England Governor Mark Carney.

The Brookfield Global Transition Fund seeks to take advantage of accelerating interest in solutions to the global climate crisis, with a... Read more..

Source: Bloom Bergquint

EX onboards 3rd strategic investor in gas exchange IGX

New Delhi: The country's largest electricity exchange, the Indian Energy Exchange (IEX), has entered into a strategic partnership with a third investor for its new platform.

Gas utility GAIL has picked up 5 per cent equity stake in the Indian Gas Exchange (IGX), marking it the third investor to participate in the platform.

On January 22, Adani Total Gas and Torrent Gas also acquired 5 per cent equity stake each.

IGX's participation with GAIL is expected to lead to robust value addition in development of the gas markets in the country.

Launched on June 15,... Read more..

Source: Economic Times

DDA approves green development policy draft

The Delhi Development Authority (DDA) on Wednesday approved the draft ‘Green Development Area (GDA) Policy’ to provide an integrated framework for development of land falling in designated green belts and low-density residential areas according to the Master Plan for Delhi 2021.

In a meeting chaired by Lieutenant-Governor Anil Baijal, who is also the DDA chairman, the draft policy, which will now be placed in the public domain for objections and suggestions, was approved. “The policy will encourage green development and will ensure seamless development of infrastructure and road... Read more..

Source: The Hindu

Absolut hits recycled materials target four years early

Late last year, Absolut announced that production of its Vodka products will be fossil-fuel-free by 2025, as part of a wider ambition to become carbon-neutral by 2030 without relying on offset use.

The company is also aiming to apply eco-design principles to reduce lifecycle emissions from 50% of its projects by 2021 and 100% of new projects by 2022.

Part of this strategy also included an aim to use 50% recycled content in packaging by 2025, an ambition that has been met for glass bottles.

"This is proof that our sustainability work is at the forefront of everything... Read more..

Source: EDIE

eBikeGo to begin EV battery recycling: Exploring partnerships with e-waste management entities

eBikeGo, an electric mobility solutions provider, has stated that it is kickstarting a drive to recycle Lithium batteries of its electric vehicles. These recycled batteries are in the beginning or middle of their lifecycle. EV batteries are taken out of the vehicle when their capacity reduces by about 25%. So, if a 1000 wh battery starts storing only 750 wh, then it is taken out of EV. It can then be used in solar plants and other applications.

The startup goes on to explain that in the coming years, the number of lithium-ion batteries available in the global market will multiply... Read more..

Source: Financial Express

Virescent assigned provisional ‘AAA’ rating for its renewable energy InvIT

NEW DELHI: CRISIL NSE -0.77 % has assigned a provisional 'AAA/Stable' rating for the bank loan facilities of Virescent Renewable Energy Trust (VRET). The 'AAA/Stable' rating is the highest provisional rating that CRISIL assigns.

"VRET, the InvIT proposed to be launched by KKR-backed Indian renewable energy platform Virescent Infrastructure, has received a 'AAA/Stable' provisional rating for its bank loan facilities from CRISIL, an S&P company," a Virescent Infrastructure statement said.

The proposed Virescent Infra investment trust NSE -2.56 % (InvIT) is awaiting final... Read more..

Source: Economic Times

Premier Energies to set up Rs 483 crore solar cell facility in Hyderabad

Hyderabad: Premier Energies, a city-based leading Solar PV Cells and Module manufacturing company, is setting up a new state-of-the-art facility at E -City here at an investment of Rs 483 crore. The Greenfield Project, spread across 25 acres, is slated to triple Premier Energys current capacity.

The plant will produce 1.5 GW of solar cells and modules against the current capacity of 500 MW, a company press release said.

It is expected to be commissioned in the next two months.

Besides working towards reaching their stated objective of cleaner air and a greener world... Read more..

Source: Economic Times

Efficient and Sustainable Packaging key to Environmentally Sustainable Logistics

Packaging serves as the interface between users and logistics companies and efficient and sustainable packaging is the key to environmentally sustainable logistics. Packaging deserves greater attention from improving the overall logistical efficiency perspective.In a consultation meeting organised by the Logistics Division of the Ministry of Commerce and Industry on 9thFebruary, Shri Pawan Agarwal, Special Secretary (Logistics) made the above observations.

This consultation was organised to define the scope and the National Packaging Initiative as part of the National Logistics... Read more..

Source: PIB

PM inaugurates World Sustainable Development Summit 2021; The Prime Minister emphasized on climate justice for fighting against climate change; We are committed to reduce emissions intensity of GDP by 33 to 35 percent from 2005 levels - PM

Prime Minister Shri Narendra Modi today inaugurated World Sustainable Development Summit 2021 via video conferencing. The theme of the Summit is ‘Redefining our common future: Safe and secure environment for all’.

Addressing the event, the Prime Minister congratulated to TERI for sustaining this momentum and said that Global platforms like this are important for our present and future. He said that two things will define how the progress journey of humanity will unfold in the times to come. First is the health of our people. Second is the health of our planet, both are inter-linked... Read more..

Source: PIB

Coke, Pepsi, Bisleri fined for violating plastic waste disposal rules

Chennai/Delhi: The Central Pollution Control Board (CPCB) has fined beverage makers Coke and Pepsi and bottled water maker Biseri for violating filing statutory returns to government bodies regarding the collecting and disposal of plastic waste.
While Bisleri has been penalised Rs 10.75 crore, Pepsico India Holdings will have to pay Rs 8.7 crore and Hindustan Coca Cola Beverages has been asked to pay Rs 50.66 crore fine. All companies have been granted a timeframe of 15 days to remit the penalty and fulfil the rules that have been violated.
Extended producer responsibility (... Read more..

Source: Times of India

Effect of Climate Change on Agriculture

Climate change is perceptible through a rise in all India mean temperature and increased frequency of extreme rainfall events in the last three decades. This causes fluctuation in production of major crops in different years.

Impact of climate change on Indian agriculture was studied under National Innovations in Climate Resilient Agriculture (NICRA). Rainfed rice yields in India are projected to reduce marginally (

Indian Council of Agricultural Research (ICAR) has initiated a network project NICRA during 2011 to address the impact of climate change on Indian agriculture.... Read more..

Source: PIB

Budget 2021-22 augments Capital of SECI and IREDA to promote development of RE sector

Finance Minister Smt Nirmala Sitharaman in her budget speech 2021-22 announced capital Augmentation of Solar Energy Corporation of India Limited (SECI) and Indian Renewable Energy Development Agency Limited (IREDA). She said “To give a further boost to the non-conventional energy sector, I propose to provide additional capital infusion of Rs.1,000 crores to Solar Energy Corporation of India and Rs. 1,500 crores to Indian Renewable Energy Development Agency”

Solar Energy Corporation of India Limited (SECI), a public sector undertaking as an ‘Implementing Agency’ of the Ministry,... Read more..

Source: PIB

HM Treasury joins international ‘Green Finance’ platform

Considering the urgent need to scale up environmentally sustainable investments to successfully deliver on the objectives of the Paris Agreement and the UN 2030 Agenda on sustainable development goals (SDGs).

Underlining the critical role the financial sector needs to play to reorient private investments toward sustainable activities worldwide, as provided by article 2.1 (c) of the Paris Agreement or under Sustainable Development Goal 17, in addition to public funds.

Welcoming private-led and public-led initiatives, in particular the dedicated frameworks many jurisdictions... Read more..

Source: Gov UK

Supreme Court Stops E-Rickshaw Registration In India

The EV evolution has taken a rather interesting turn in India. Kanishk Sinha, a Kolkata based lawyer who is a patentee for registration of electric vehicles across India for 20 years is claiming to be the only facilitator who can get electric vehicles registered in India. As per his claim, any individual state or union territory doesn't have the rights to directly register any battery operated electric vehicle in their province. Any EV customer will have to use Amit Engineering's service to get their vehicle registered, as it has leased the rights from Kanishk Sinha.

The apex court... Read more..

Source: Carand Bike

Central Railway Collaborates with UNEP & Tata Power to Launch Electric Vehicle Charging Points at Mumbai’s Railway Stations

Central Railway, Mumbai, in association with the UN Environment Programme (UNEP) and Tata Power have announced the launch of their novel green initiative for promoting e-mobility in Mumbai. As a part of this initiative, charging points for electrical vehicles will be made available at all important railway stations in the island city, the suburbs and adjoining Mumbai Metropolitan Region.

The charging points will cover a wide geographical area and offer a seamless experience for EV owners to charge their vehicles through a pay-per-use model. The collaborative venture aims to boost... Read more..

Source: Tata Power

Renewable energy firms cry foul as state seeks to renege on pact

New Delhi: India’s federal government has stepped in to mediate a dispute between the state of Gujarat and solar power developers over the province’s plan to backtrack on bids for a 700 megawatt project because of high tariffs and invite fresh ones.

“Certainly it is creating some disturbance in the renewable energy market,” Amitesh Kumar Sinha, joint secretary at the ministry told reporters in New Delhi about the initial discussion the ministry has had with the coastal state. “We will take up this issue further. We’ll handle it.”

Gujarat Urja Vikas Nigam Ltd., the parent... Read more..

Source: Economic Times

Amp Energy India commissions solar project for L&T Metro Rail in Hyderabad

New Delhi: Amp Energy India on Monday mentioned it has commissioned one of many largest behind-the-meter solar tasks for L&T Metro Rail (Hyderabad) Ltd. The metro rail is a public-private partnership (PPP) project between the Telangana authorities and infrastructure firm Larsen & Toubro Ltd.

Amp Energy has put in 7.805 MW solar plant for L&T metro project in Hyderabad (Telangana) to produce solar energy to its 24 stations and a pair of depots in town, an organization assertion mentioned.

The energy buy settlement (PPA) with Amp for procurement of solar energy is... Read more..

Source: Eqmagpro

Government notified scheme to provide financial assistance to project proponents for enhancing ethanol distillation

Government has notified scheme for extending financial assistance to project proponents for enhancement of ethanol distillation capacity or to set up distilleries for producing 1st Generation (1G) ethanol from feed stocks such as cereals (rice, wheat, barley, corn & sorghum), sugarcane, sugar beet etc. vide notification dated 14.01.2021. Under the scheme, Government would bear interest subvention for five years, including one year moratorium, against the loan availed by project proponents from banks @ 6% per annum or 50% of the rate of interest charged by banks, whichever is lower, for... Read more..

Source: PIB

Rajasthan SEC recommends 1.18 lakh crore investment in renewable energy sector

Opening doors to the investment of 1.18 lakh crore in the state, the State Empowered Committee (SEC) under the Rajasthan Enterprises Single Window Enabling and Clearance Act, 2011 recommended six projects for consideration of special package under the Rajasthan Investment Promotion Scheme, said a statement from the state government.

The recommendations were made in the 33rd meeting of the SEC held under the chairmanship of Chief Secretary on Monday. The proposals are from varied sectors like Energy, Textile and Manufacturing Sectors assuring to generate more than 30,000 job... Read more..

Source: Tech Observer

Basic customs duty on solar imports still on the cards: Ministry of New and Renewable Energy

Even though Union finance minister Nirmala Sitharaman did not mention any import restrictions on solar cells and modules to boost the domestic manufacturers, the ministry of new and renewable energy (MNRE) does not rule out the imposition of basic customs duty (BCD) on such items. Addressing the media about the implications of the budget on the renewable sector, MNRE secretary Indu Shekhar Chaturvedi said that “no way we can conclude that BCD will not take place”.

Acknowledging that solar energy has a “huge promise” for India, finance minister Nirmala Sitharaman had said in her... Read more..

Source: Financial Express

Brookfield nears deal for Mahindra’s EPC biz, solar units

Canada’s Brookfield Asset Management Inc. has signed an exclusivity agreement to buy Mahindra Susten’s engineering, procurement and construction (EPC) business, besides 1,200 megawatts (MW) of solar assets, at an enterprise value of around ₹5,000 crore, two people aware of the development said.

About half these solar assets are currently under construction, the people cited above said, requesting anonymity. The enterprise value of a firm is calculated on the basis of market capitalization, debt and cash reserves.

Source: Live Mint

Coastal Gujarat Power merger with Tata Power by February-end

Coastal Gujarat Power (CGPL), the wholly owned subsidiary of Tata Power, turned cash-positive in the October-December quarter of 2020 after fuel under recovery reduced further to Rs 0.32 per unit from Rs 0.40 per unit a year ago on lower imported coal prices. Going forward, the merger of CGPL with Tata Power expected by February-end will provide Rs 10,000-crore tax break to the parent over several years.

Over the last 10 years CGPL has made cumulative losses (ex-impairment) of Rs 9,400 crore till FY20 on aggressive bids and adverse coal and currency movement. The tax break is... Read more..

Source: Financial Express