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Sustainability Outlook Headlines

ReNew Power looks to buy Waaree Energies’s solar power projects

ReNew Power Ventures Pvt. Ltd is exploring the acquisition of Waaree Energies Ltd’s solar power projects as it seeks to consolidate its position as India’s largest clean energy firm before a planned initial public offering (IPO), two people aware of the development said.

“ReNew Power has been in talks with Waaree Energies for its solar power generation assets,” said one of the two people cited above,... Read more..

Source: livemint

Hyet Solar Plans €200 Million Solar Fab In India

This month India witnessed bittersweet news on the solar power front for its Make In India program that promotes foreign investment in the manufacturing sector.

The world’s largest solar module manufacturer, Trina Solar, suspended plans to set up a module manufacturing facility in the eastern state of Andhra Pradesh. On the heels of this news came the announcement by Netherlands-based Hyet Solar that it is... Read more..

Source: Clean Technica

Delhi power distribution companies seek to shift peak hours

From the next financial year, power bills will depend on electricity consumed at specified peak and non-peak hours.

Power discoms BSES Rajdhani, BSES Yamuna and Tata Power Delhi have sent their proposals to the Delhi Electricity Regulatory Commission (DERC) for tariffs and peak/non peak time slots for time of day (ToD) metering that will be implemented from FY 2018-19. 

... Read more..

Source: ET Energyworld

Projects worth Rs 69,475 crore sanctioned for electrification: Power Ministry

The power ministry today informed projects worth Rs 69,475 crore have been sanctioned so far under two flagship schemes aimed at rural and urban electrification in the country and the government's programme is on track to implement universal household electrification in India by March 2019.

The ministry said, the Modi government has given special focus to rural electrification under Deen Dayal Upadhyaya Gram... Read more..

Source: The Economic Times

Maharashtra plans to generate 25,000 MW power through solar: Minister

 

 

Maharashtra Energy Minister Chandrashekhar Bawankule informed the state Legislative Council today that the government has set the target of producing 25,000 MW electricity using solar power. 

The minister gave this information during the Question Hour while replying to a question by MLCs Anandrao Patil, Hemant Takle, Bhai Jagtap and others. 

... Read more..

Source: The Economic Times

Ultimate Sun Systems eyes to expand its presence in Maharashtra

In a move to expand its presence in Maharashtra,Ultimate Sun Systems (USS), a renewable energy solutions company has on Friday announced that it is opening a new office in Mumbai and has partnered with ANB New and Renewable Energy LLP for the Maharashtra market.

"Maharashtra is a key market for us, given that it is the Indian state with the highest GDP and has impressive growth prospects and high energy... Read more..

Source: The Economic Times

Using solar power is key to environment protection: Jharkhand Minister

State urban development minister CP Singh emphasised on promoting solar power generation in the state as conventional methods were polluting the environment. Singh said the government was providing subsidy on solar power, but the plan would not succeed without public participation. 

Singh was speaking in a function in the state capital to promote installation of rooftop solar panels at homes in state capital... Read more..

Source: The Economic Times

Ten lakh energy efficient pumps for UP farmers

In a bid to save energy and accelerate achievement of targets for BJP government's flagship scheme 'Power for All', the state government would launch Kisan Uday Yojana. Under this, 10 lakh energy efficient pump sets of different capacities would be given to farmers.

Talking to TOI, energy minister Shrikant Sharma said: "While on one hand, the scheme will help in addressing the issue of energy conservation,... Read more..

Source: The Economic Times

Home Minister wants Department of Telecom to install 4,000 telecom towers in naxal-hit area

The Home Affairs Ministry has asked the Department of Telecom to install 4,072 additional mobile towers in naxal-hit areas on priority basis, official sources said. 

"Home Ministry has asked DoT provisioning of 4,072 mobile towers in LWE (Left Wing Extremist) affected areas on priority basis," a telecom ministry official told . 

... Read more..

Source: The Economic Times

Six companies win tender to supply 500 Megawatt wind power to GUVNL

Six companies on Thursday won bids to supply 500MW of wind power to Gujarat Urja Vikas Nigam Limited (GUVNL) through competitive bidding. The reverse auction, conducted after several delays, also reached the country's lowest wind tariff of Rs 2.43 per kilowatt hour (kWh).

The lowest bidders include Sprng Energy Private Limited, KP Energy Limited, Verdant Renewables Private Limited, Betam Wind Energy Private... Read more..

Source: The Economic Times

Replacing coal plants with renewables will help save Rs 54,000 cr: Greenpeace

The country can save up to Rs 54,000 crore in power costs and reduce air pollution by replacing expensive coal plants with renewables, according to a new analysis by Greenpeace India.

The analysis compared 2015-2016 tariff data published by the Central Electricity Authority with an "assumed" renewable energy tariff of Rs 3/kWh, it claimed in a statement.

... Read more..

Source: The Economic Times

Jipmer proposes to set up solar plant for Rs 7.63 cr

 

Jawaharlal institute of postgraduate medical education and research (Jipmer) has proposed to set up a 1,500-kW solar power plant at a cost of Rs 7.63 crore by March next year, said director S C Parija. The solar plant will meet 10% to 15% of the power requirement of the institute saving roughly Rs 1.5 crore every year.

The institute will cover the rooftops of all the buildings with solar panels. The... Read more..

Source: The Economic Times

Green power: Govt proposes ₹23,450-crore roof top solar scheme

The Ministry of New and Renewable Energy has proposed SRISTI — Sustainable Rooftop Implementation for Solar Transfiguration of India — the scheme to incentivise the installation of roof top solar projects in India.

An official statement said, “The concept, once approved, shall serve as the basis of revised scheme of MNRE for solar rooftop in Phase-II and will replace the Cabinet Committee on Economic Affairs... Read more..

Source: The Hindu
Subject Tags: MNRE, Solar Rooftop, subsidy

Project report submitted to tribunal to build waste to energy plant

The civic body has submitted to the National Green Tribunal’s Southern Bench its detailed project report to build a waste to energy plant in Vellalore. According to sources, the Corporation would construct a plant to process 600 tonnes waste a day.

The Corporation at present collected 1,045 tonnes waste a day of which it processed 500 tonnes by aerobic windrow composting method, five tonnes by bio-... Read more..

Source: The Hindu

Rays Future Energy executes 60 MW of capacity under open access

Rays Future Energy, a subsidiary of integrated solar power company Rays Power Infra, today said it is executing 60MW of capacity under open access systems in Karnataka, to be completed by the end of the current fiscal.

The company has identified over 50 highly-rated private commercial and industrial consumers to whom the energy will be offered, providing them access to power at reduced costs sourced from... Read more..

Source: The Economic Times

Centrum invests Rs 100 crore in solar power firm Waaree Energies

Waaree Energies Limited, an integrated solar power solutions company has raised Rs 100 crore through a structured financing deal from Centrum Financial Services Limited, as the Mumbai-based alternate energy equipments firm intends to expand capacity.

Waaree manufactures and supplies Solar Photovoltaic modules and provides EPC solutions for setting up of solar power plants including on-grid, off-grid and... Read more..

Source: The Economic Times

India got $400 million of financing for new solar and wind energy farms

Renewable energy in India is set to get a $400 million boost through a joint initiative backed by the European Investment Bank (EIB) and India's Yes Bank.

In an announcement Tuesday, the EIB said that Yes Bank would manage the co-financing program for the development of new solar and wind facilities in India.

... Read more..

Source: CNBC

U.S. plans to raise again in WTO solar power issue with India

India has failed to comply with a World Trade Organisation (WTO) ruling on solar power, the United States will tell the WTO's dispute settlement body (DSB) next month, triggering a fresh round of litigation, according to an agenda issued on Wednesday.

Renewable energy has become a hot area of trade friction as major economies compete to dominate a sector that is expected to thrive as reliance on coal and oil... Read more..

Source: The Hindu

Wind power tariff competitiveness to remain a challenge: ICRA

Even as the tariff competitiveness of wind energy has improved as against the conventional energy sources, its viability continues to be a challenge, says ICRA.

According to the rating agency, while the government's wind power bidding programme provides visibility to support capacity additions over the next four years, the renegotiation or cancellation of power purchase agreements (PPAs) by few states will... Read more..

Source: The Economic Times
Subject Tags: MNRE, PPA, Wind Energy

Solar Energy Corporation of India invites expression of interest for 20 GW solar PV unit

Taking a step ahead in domestic manufacturing of solar equipment, the government has floated a document to gauge the market's interest in setting up 20 GW solar PV manufacturing facility in India in a span of three years. 

Solar Energy Corporation of India (SECI) has floated an expression of interest (EoI) document, evincing interest to "invite bids for allocation of project capacities, from prospective... Read more..

Source: The Economic Times

Yes Bank-European Investment Bank invest $400 million in wind and solar projects

Indian private sector lender Yes Bank is betting big on clean energy sector in India, as it has jointly invested $400 million with European Investment Bank (EIB), a long-term lending institution of the European Union, in new solar and wind projects in the country. 

The bank is also exploring investments in the electric vehicle segment, officials said. "The new financing programme will streamline financing... Read more..

Source: The Economic Times

Tamil Nadu power utility to set up solar park in Ramanathpuram

The Centre has given its nod to Tangedco to set up a 500MW solar park in Ramanathapuram district. This could well be the first such park to be set up by a government-owned power distribution company in the country. The state government had announced on the floor of the assembly earlier this year that a solar park would be set up in Ramanathapuram district.

“Following the government announcement, we... Read more..

Source: ET Energyworld

Suzlon bags wind energy installation order in Gujarat

Wind power equipment maker Suzlon has bagged an order to install 120 units of 2.1MW of wind equipment in Gujarat.

The Pune-based company said the project is targeted to be fully commissioned by first half of 2019. While the company did not specify the size of the order, it is estimated to be in the range of Rs 1,600-1,700 crore as per existing cost.

... Read more..

Source: ET Energyworld

Soon, policy to incentivise people shifting from fossil fuels to electric energy in Delhi

Delhi Government is soon likely to come out with a policy to incentivise people willing to shift from fossil fuels as an energy source to electric (energy), transport minister, Kailash Gahlot said at an ASSOCHAM event in New Delhi.

"Cost of electric buses at Rs 2.75 crore is way too high and unsustainable, I would request the central government for more subsidy along with financial and technical help," said Gahlot addressing an ASSOCHAM International Conference on 'Electric vehicles: Future roadmap for India.'

Since electric vehicles are all about charging, clarity on power... Read more..

Source: The Times of India

India's energy saving champion delays IPO to next fiscal year

India's state-backed Energy Efficiency Services Ltd. is delaying its initial share sale on expectations that an increase in its revenue will make the offering more attractive to investors. 

EESL, which is tasked with helping the nation reduce emissions, initially planned to launch its initial public offering as soon as the fourth quarter. It has now pushed back the IPO to the year starting April 2018 as it... Read more..

Source: The Economic Times
Subject Tags: energy efficiency, IPO