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Sustainability Outlook Headlines

Shri Piyush Goyal reiterates need to deepen India Japan Cooperation in Energy Sector

Shri Piyush Goyal, Union Minister of State (IC) for Power, Coal and New & Renewable Energy reiterated the need to deepen the cooperation in the energy sector between India and Japan. Shri Goyal was speaking at his second bilateral meeting with Mr. Motoo Hayashi, Minister of Ministry of Economy, Trade and Industry (METI) in Tokyo , Japan today morning. The Minister said that the cooperation in energy sector should be such that Japanese technology and capital can be dovetailed with Indian high skilled human... Read more..

Source: Press Information Bureau

India’s KSEB solar project to begin construction next week

The work on the proposed 650 kW solar power plant to be constructed by the Kerala State Electricity Board (KSEB) at Thalakkulathur under its Renewable Purchase Obligation (RPO) project will begin on January 21. Minister for Power Aryadan Mohammed will lay the foundation stone for project.

The project would meet the power requirements of the Malabar region and will gradually be... Read more..

Source: Solar Quarter

Renewable energy investments in India touch $10.9 billion on solar surge

Investments in clean or renewable energy in India have touched $10.9 billion on solar surge against an annual average of $8 billion in the last three years, according to Bloomberg New Energy Finance.

Solar PV investment leaped ahead of wind investments for the first time during the year due to a strong policy push for power from the sun.

... Read more..

Source: GreenTech Lead

Indian Lenders To Boost Renewable Energy Finance By $15 Billion

The Indian Government is looking to ramp up financing for renewable energy projects as it looks to achieve large capacity addition targets.

Government-owned financial entities Rural Electricity Corporation (REC) and Power Finance Corporation (PFC) are... Read more..

Source: Clean Technica

$45 Million In Debt Financing For African Solar Announced By Off Grid Electric

Off Grid Electric recently announced $45 million in debt financing for distributed solar and battery storage in Africa. The organization is installing over 10,000 solar power systems in homes and businesses per month. F. Xavier Helgesen is the CEO and one of the co-founders, and he answered some questions for CleanTechnica about the organization’s work.

How did you collaborate with the... Read more..

Source: Clean Technica

Cabinet approves India joining the International Energy Agency Ocean Energy Systems

The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi has given its approval for India becoming a member country of the International Energy Agency - Ocean Energy Systems (IEA-OES) by signing the Implementing Agreement (IA). The nodal agency for the membership would be Earth System Science Organisation - National Institute of Ocean Technology (ESSO-NIOT) under the Ministry of Earth Sciences.

By becoming a member of the IEA-OES, India will have access to advanced R&D... Read more..

Source: Business Standards

New online resource guide for textile standards & legislation tool

MCL Global and the European Outdoor Group have launched an exclusive on-line resource, replete with information on over 70 textile sustainability labels, regulation and standards. The new Textile Standards & Legislation (TSL) website has all the elements of the long-established Eco-Textile Labelling Guide from MCL, along with the online SIGNS tool developed by the European Outdoor Group, and its members.

... Read more..

Source: Apparel Resources

Textile ministry to seek Cabinet nod on new policy

The Textile Ministry will soon seek the Cabinet’s approval for the new textile policy, under which 35 million jobs will be created in the industry, informed Union Minister Santosh Gangwar.

The Ministry is expected to approach the Ministry within the next fortnight. He further said that the new policy envisions increasing textile exports to US$ 300 billion by 2024-25, which will create 35 million jobs. “We... Read more..

Source: Apparel Resources

Maharashtra delinks subsidy from bank loans

The textile industry in Maharashtra received a great impetus, when the BJP-led government in the state decided to provide subsidy to textile owners that would not be linked to bank loans. Earlier, this subsidy was credit-linked and only those who had availed a bank loan were eligible for this government benefit.

This policy decision to provide capital subsidy that would be delinked from bank loans was taken... Read more..

Source: Apparel Resources

Polluting industries fix online monitors

Major polluting industries in the city have installed online pollution monitoring systems on the directions of the Central Pollution Control Board (CPCB). The system, called continuous stack emission monitoring systems (CSEMS), enables the board to keep tabs on polluting units on a real-time basis without actually visiting the industries. Until now at least a dozen paper and sugar industries, and distilleries, have installed the systems in their industries.

... Read more..

Source: The Times of India
Subject Tags:

After Delhi’s odd-even rule, Indore’s green bid with rent-a-cycle scheme

In a bid to revive the rent-a-cycle scheme, Atal Indore City Transport Company Ltd (AICTSL) is trying to attract city residents with pedal assist bicycles, being implemented for the first time in India.

The pedal assist bicycles - cycles with battery powered support for pedalling - are on display at AICTSL cycle stands on BRTS. i-Bike, the firm contracted by AICTSL to run the public bicycle system, is... Read more..

Source: The Times of India

Indian rooftop solar programme to get $1.5 billion foreign aid

The World Bank, Asian Development Bank and the New Development Bank formed by the BRICS nations are providing loans to boost India’s rooftop solar programme. “We are getting $500 million (Rs 3,345 crore) from each of them to fund rooftop solar projects, mostly in the industrial and commercial sector,” said Upendra Tripathy, secretary at the Ministry of New and Renewable Energy (MNRE).

... Read more..

Source: Solar Quarter

92% Indians perceive climate change as a major threat: Survey

A total of 92 per cent Indians polled by independent market research company Ipsos view global warming and climate change as major threats.

India ranks seventh among the 24 countries surveyed, a statement by Ipsos said.

"India has been strongly impacted by climate change and global warming, given the sudden... Read more..

Source: The Economic Times

Cabinet likely to approve policy for producing more compost from municipal garbage

In its bid to push production of compost from municipal solid waste, the Cabinet on Wednesday is likely to approve the proposal to provide subsidy to cities that will take up this task vigorously. As per the proposal, the fertilizer ministry will provide Rs 1,500 subsidy to city administration and municipal bodies for selling every tonne of such compost.

The proposal also includes making it mandatory for the urea marketing companies to sell compost from municipal waste. Sources said the norm is likely to mandate selling of 3-4 bags of compost for every 6-7 bags of urea.

India... Read more..

Source: The Times of India

GST likely to impact renewable energy sector: Ministry report

While India's increased focus on renewable energy is generating much global interest, the latest findings reveal that the new GST regime could increase the cost of setting up renewable energy systems in the country by up to 20%. The Ministry of New & Renewable Energy (MNRE) is learnt to have shared the findings of the report with the Department of Revenue, requesting an exemption.

The latest findings... Read more..

Source: The Economic Times

Suzlon makes solar power entry with projects in Telangana

Wind turbine maker Suzlon Energy Ltd on Wednesday announced its official entry into the solar energy segment, receiving letters of interest (LoI) for the 210 megawatts (MW) of solar power projects that it won in Telangana through a competitive bidding process in August 2015.

The projects will be completed through six separate special purpose vehicles (SPVs) across the state—one project of 100 megawatts, one... Read more..

Source: Livemint

$25.3 Billion For Corporate Solar Sector Funding In 2015

According to a report from Mercom Capital Group, the amount of global corporate funding in the solar sector in 2015 was $25.3 billion. This figure was down slightly from $26.5 billion in 2014. Some of funding sources were: debt financing, public market financing, yieldcos, and venture capital/private equity (VC).

... Read more..

Source: Solar Love

India is a bright spot among emerging markets: Moody’s

Global credit rating agency Moody’s and its India affiliate, ICRA, have said that the country’s sovereign rating (Baa3) carries a positive outlook for the year 2016 bucking the trend among similarly rated emerging market peers Brazil, Russia, South Africa, Indonesia, Turkey and the Philippines.

The agency observed that healthy domestic growth and accommodative monetary policies will benefit corporates.... Read more..

Source: Business Line
Subject Tags: Emerging Countries, policy

IEX spot prices to be uniform at ₹2.57/unit

For the second time in about a fortnight, spot electricity prices in the day-ahead auction on the Indian Energy Exchange will be uniform at ₹2.57 a kWh across the country, on January 14. On December 29, spot prices were uniform across the regions at ₹2.30 a unit, prompting the Power Ministry to say ‘One nation, one grid, one price’.

According to information available on the IEX, the average market clearing... Read more..

Source: Business Line

Sebi clears new norms for issuance, listing of green bonds

To help companies raise funds through green bonds for investment in renewable energy space, regulator Sebi today approved new norms for issuance and listing of such securities in the stock market.

The move is aimed at helping meet the huge financing requirements worth USD 2.5 trillion for climate change actions in India by 2030.

... Read more..

Source: The Economic Times

GMR commissions 5 MW solar unit at Hyderabad airport

GMR Hyderabad International Airport Ltd has commissioned a 5 MW solar power plant for its captive consumption and plans to gradually scale the capacity up to 30 MW over the next two-three years.

Located close to the greenfield airport, the solar plant set up with an outlay of Rs. 25 crore, has started generating around 25,000 units per day of pollution free energy and meeting the airport's peek power demand... Read more..

Source: Business Line

Suzlon Energy Bags 197 MW Wind Energy Order In India

One of India’s largest integrated wind energy solutions providers, Suzlon Energy, has secured one of the largest orders this financial year, indicating strong prospects for the Indian wind energy market over the next few months.

Suzlon Energy recently ... Read more..

Source: Clean Technica

India to save up to $6 billion from LED lighting upgrade

India could save up to US$6 billion per year under the government’s current plan to switch to light-emitting diode (LED) light bulbs by 2018.

The announcement was made by Piyush Goyal, Minister for Power, Coal, New and... Read more..

Source: The Climate Group

India to install 4.8GW utility-scale solar in 2016, southern states to dominate

India will install 4.8GW of utility-scale solar capacity in 2016, up 140% from 2GW in 2015, according to the latest market update from consultancy firm Bridge to India.

During this year, the southern states of Tamil Nadu, Andhra Pradesh, Telangana and Karnataka are expected to contribute nearly 80% of all new capacity additions.

... Read more..

Source: PV-Tech

Solar-powered pumpsets come to the aid of farmers in Vijayapura

With the twin objective of making the optimum use of surface water and effectively tapping solar energy, the University of Agriculture Sciences, Dharwad, is introducing solar-operated pumpsets for farmers who have availability of surface water.

According to the university, pumpsets with one-kilowatt capacity could supply water to one hectare of land effectively if micro-irrigation methods such as sprinklers... Read more..

Source: The Hindu
Subject Tags: Financing, policy, solar energy