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Sustainability Outlook Headlines
Inox Wind May Expand India Manufacturing Plants Next YearInox Wind Ltd., India’s fourth-largest wind turbine supplier, may spend 1.5 billion rupees ($27 million) to expand capacity at two plants in Gujarat state as it targets greater market share. The company, whose customers include Oil India Ltd. (OINL) and Welspun Energy Ltd., may boost capacity to 800 megawatts from its rotor blade and tower factories in the western India state, from 500 megawatts this year, said Devansh Jain, director of Inox, based in Noida, near New Delhi. “We’re waiting for some clarity on the policy front,” he said yesterday in a phone interview. Should... Read more.. Date : May 30 Source: Bloomberg
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JinkoSolar to Supply 5MW of Solar Modules in IndiaJinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS [FREE Stock Trend Analysis]), a leading global solar power product manufacturer, today announced that it has completed the delivery to a Photovoltaic Solar project of total 5 MW in collaboration with Sunkon Energy (P) Ltd. in Ghespur, Gujarat, India. Sunkon Energy (P) Ltd. has been using JinkoSolar modules since December, 2012 and Jinko PV modules have then successfully been generating power at a high performance ratio. With a total of 17,886 JinkoSolar poly-crystalline modules installed, the project was... Read more.. Date : May 30 Source: Benzinga
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Toyota may offer hybrid Etios in IndiaToyota Motor Corporation is considering offering the hybrid option on the Etios model in India. A hybrid car has two sources of power — one from a petrol/diesel engine and the other from a powerful battery. The Etios, which is present in India in its conventional sedan and hatchback avatars, may undergo the hybrid transmutation. FUN DRIVING The Etios hybrid will be directed at the new generation of upwardly mobile, prosperous and educated middle-class that is alive to environmental concerns. Over the years, as the market matures, the model, experts predict, is bound to... Read more.. Date : May 30 Source: Hindu Business Line
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Solar power in government offices by 2017To achieve optimum utilisation of solar energy and generating power from renewable energy sources, the Punjab government has decided to establish solar energy plants on rooftops of all government buildings by 2017. A government spokesperson said that the state government was focusing on renewable sources of power to reduce the pressure on the traditional and non-renewable avenues. The capital cost in setting up such solar power generating units was cheaper and than for other sources. The equipment was also more durable and the government was thus promoting their use, he said. The... Read more.. Date : May 30 Source: Hindustan Times
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Tata Power generates 50 MUs of solar, 800 MUs of wind energy in FY13Tata Power, India’s largest integrated power utility, on Tuesday said it generated 49.83 million units of solar power and 796 MUs of wind power from its various projects in India, until March 31, 2013. As part of its sustainability initiative, the company is committed to generating 20-25% of its total generation capacity from clean energy sources. Tata Power plans to add 30-50 MW of solar power and 150-200 MW of wind energy in India every year. Its investment in solar and wind energy so far is Rs. 2,393 crore, according to a statement here. Tata Power’s generation capacity... Read more.. Date : May 29 Source: Hindu Business Line
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India releases draft offshore wind energy policyIndia's Ministry of New and Renewable Energy has released a draft national offshore wind energy policy for 2013. The draft policy was written with input from a steering committee on offshore wind energy. According to the draft, onshore wind energy has reached a stage of deployment that makes it competitive with traditional fossil fuel power generation. This level of cost competitiveness is thanks to supportive public policy that has, so far, not been extended to include offshore wind energy, according to the draft. About 5 GW of offshore wind generation capacity is... Read more.. Date : May 29 Source: Electric Light & Power
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Wind energy helps state discoms, no overdrawing from Northern Grid this yearAfter a hard-learnt lesson, the state power department is avoiding over-drawing power from the Northern Grid while meeting the high demand of power this summer. In a rare scenario unlike last year, the state is currently under-drawing from the Northern Grid. Over-drawing was the main reason for the collapse of the Northern Grid last year, after which discom officials including that of Rajasthan were fined. Despite the present severe heat conditions, the frequency at the Northern Grid is well above 50 and most states including Rajasthan are drawing lesser than what they are entitled... Read more.. Date : May 29 Source: Times of India
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Power Grid Corp. of India wins renewable power integration contractsThe Indian government has awarded a contract to state-owned public transmission utility Powergrid Corp. of India for the adaptation of the national power grid to renewable energy output, according to reports. India plans to invest $7.74 billion in the green energy corridor, which aims to synchronize the electricity produced from renewable power sources with conventional power stations. India plans to make its power grid more dynamic to cope with the difficulties in integrating renewable energy generation, due to the varying voltage and supply, according to reports. ... Read more.. Date : May 29 Source: PennEnergy
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Sales of plug-in electric vehicles project to top 17,000 in India by 2018A new research report suggests plug-in electric vehicle sales will surpass 17,000 in India by 2018, by which time the subcontinent will be well on the way to becoming the third largest car market in the world. Navigant Research found that several factors contribute to the potential wide-scale embrace of plug-in electric vehicles, including India's demographics, traffic patterns, and natural resources. Additionally, the reinstatement of the government incentive for EV purchases in 2013 is expected to spur Indian automakers to develop new models. In addition to its... Read more.. Date : May 29 Source: Renewable Energy Magazine
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Check if Okhla plant emits toxic gases: Green Tribunal to pollution control boardsTo ensure safety of Okhla residents living near a waste-to-energy plant that incinerates waste for fuel, the National Green Tribunal on Tuesday ordered government officials to check whether the plant's emissions contain heavy metals. "The Okhla waste-to-energy plant should also be properly segregating all municipal waste before it hits the incinerator because some matter, such as plastic and steel, release noxious gas into the air when heated," the NGT order by Justice Swatanter Kumar said. Officials from the Central Pollution Control Board, the Delhi Pollution Control... Read more.. Date : May 29 Source: Indian Express
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EBTC proposes floating solar panel for MeghalayaInstallation of floating solar panels can contribute to the energy requirement especially in rural areas of power-starved Meghalaya, Suman Lahiri, Regional Manager of the European Business and Technology Centre (EBTC) said today. The technology, currently in erection and commissioning mode by a French company in Karnataka, could be implemented in water bodies in Meghalaya, Lahiri said here at an interactive session on 'Clean Technologies in Energy and Water Sectors'. "As the name suggests, the new solar technology does not require land for its installation but static water... Read more.. Date : May 29 Source: Business Standard
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US' First Solar eyes 25% market share in Indian solar manufacturingAmidst opposition from the domestic solar equipment sector over cheaper imported contents, US based First Solar is unperturbed. It is looking at 25% market share in the coming three years in the Indian solar equipment sector.
US' largest solar photovoltaic manufacturer is expecting competition from equipment makers from China and EU, which are lining up for the emerging Indian solar market.
"Chinese solar panel manufacturers are a significant competition in India," said First Solar CEO James Hughes. The company during the past 18 months... Read more.. Date : May 29 Source: Economic Times
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Welspun Energy Collaborates with ICFRE for Increasing India's Forest CoverKeeping the role of the carbon markets and forestry as the centre of discussion, representatives of USAID, TERI, Indira Gandhi National Forest Academy and Institute of Green Economy were among those who were present at a workshop organised by ICFRE. The workshop aimed to deliberate and achieve a broader and inclusive consensus by inviting leading minds from research institutes, scientists, representatives of Industry and State and Central Government. Through the workshop WEL and ICFRE are aiming to suggest robust policy recommendations to the Government of India for increasing... Read more.. Date : May 29 Source: India PRwire
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NLC forays into renewable energy sectorPublic sector Neyveli Lignite Corporation Ltd (NLC) will take its plunge into renewable energy in the current year. The company expects to add 50 MW of wind power and 30 MW of solar before March 2014. The tendering process for the 50 MW wind farm is on and the vendor could be finalised in a month, Mr R Kandasamy, Director (Planning & Projects), NLC, told Business Line today. The wind farm is coming up in the Tirunelveli district of Tamil Nadu. Mr Kandasamy said that the Tamil Nadu Electricity Board had assured NLC that there would be no problems in evacuating the... Read more.. Date : May 29 Source: Hindu Business Line
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Infuse to invest Rs 3.3 cr in Ecolibrium EnergyInfuse Capital, India’s first sustainable energy and cleantech early-stage venture capital fund, on Monday announced its first investment of around $0.6 million (nearly Rs 3.30 crore) in Ecolibrium Energy, an Ahmedabad-based smart-grid and energy management company. Infuse has been set up by IIM Ahmedabad’s Centre for Innovation Incubation and Entrepreneurship (CIIE) and is backed by the Ministry of New and Renewable Energy (MNRE), BP, World Bank member IFC, and Technology Development Board. Infuse, which also recently announced the initial closing, will invest in and... Read more.. Date : May 28 Source: Hindu Business Line
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Energy-rich NE can attract EU companiesThe northeastern states with their abundant hydro power and potential for other renewable energy sources, offer immense opportunity for companies in the European Union (EU) to collaborate in the fields of energy, water and green technologies. This view emerged during an interactive session on ‘Clean Technologies: Energy and Water Sectors’ organized here today by the Indian Chamber of Commerce (ICC) along with the European Business and Technology Centre (EBTC) and the Germany-based Fraunhofer Moez. “We are keen to learn what people in North East India really need in the... Read more.. Date : May 28 Source: Assam Tribune
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AMC plans to generate watts from wasteAs part of its goal to make Ahmedabad a zero-waste city, the Ahmedabad Municipal Corporation (AMC) plans to generate electricity using municipal solid waste (MSW) and sewerage. It aims to produce nearly 20 MW power through this project in the near future. The civic body has already signed a memorandum of understanding (MoU) with Abellon Energy to produce 15 MW of power using solid waste as fuel. It will provide around 1,000 tonne of mixed solid waste per day to the company to produce electricity using thermal recycling technology. “The final agreement was signed... Read more.. Date : May 28 Source: Daily News and Analysis
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Policy uncertainty hits growth of solar industry: MercomIndian solar sector’s growth continues at a slow pace amidst policy uncertainty and experimentation. Policy uncertainty is rife, with rules being changed every other month, according to Mercom Capital Group, llc, a clean energy consultancy. Of the 1,761 MW installed base in the country, about 557 MW was installed so far in 2013 and several projects have been delayed. Considering India an emerging solar market where the growth rate is expected to be much higher than other parts of the world, installations in 2013 likely to end up in disappointing the markets, it noted... Read more.. Date : May 28 Source: Hindu Business Line
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Energy Park near Vijayawada soonAn energy park, first of its kind in the State, will come up at Kanuru near here shortly. The park is aimed at creating awareness about the wind energy among the school and college children. The park will also have a centre to test the lighting and heating equipment/gadgets. The park is estimated to cost Rs. 5 crore, and will come up on the lines of energy park located at Raipur in Chattisgarh. The park will adhere to Energy Conservation Building Code. The funds are expected from Ministry of New and Renewable Energy (MNRE) and Bureau of Energy Efficiency. The proposal is... Read more.. Date : May 28 Source: The Hindu
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Solar power: Pilot project at Meenkara damThe pilot project of the Irrigation Department to produce power from the solar panels will be implemented at Meenkara dam in Palakkad district, before going in for a mega production from other dams. The Cabinet had already given the nod to go ahead with the pilot project as several other departments in the state were already using solar power for their functioning. When the state is reeling under severe power crisis, the best option is to use conventional solar energy for the production of power. When developed countries resorted to solar power methodology by... Read more.. Date : May 28 Source: The New Indian Express
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Solar Industries India net profit declines 5.68% in the March 2013 quarterNet profit of Solar Industries India declined 5.68% to Rs 18.42 crore in the quarter ended March 2013 as against Rs 19.53 crore during the previous quarter ended March 2012. Sales rose 26.15% to Rs 259.62 crore in the quarter ended March 2013 as against Rs 205.80 crore during the previous quarter ended March 2012. For the Audited full year,net profit rose 24.52% to Rs 75.82 crore in the year ended March 2013 as against Rs 60.89 crore during the previous year ended March 2012. Sales rose 22.39% to Rs 884.57 crore in the year ended March 2013 as against Rs 722.72 crore during... Read more.. Date : May 28 Source: Business Standard
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Govt plans Rs 43,000-cr ‘green corridor’ for renewable energyThe Government plans to roll out a Rs 43,000-crore ‘green energy corridor’ project to facilitate the flow of renewable energy into the national grid. The blueprint for the project has been submitted to the Power Ministry by Power Grid Corporation of India Ltd (PGCIL). For implementation, the project would be split into intra- and inter-State, said a senior Power Ministry official. The ‘green energy corridor’ is aimed at synchronising electricity produced from renewable sources, such as solar and wind, with conventional power stations in the grid. “Germany has... Read more.. Date : May 27 Source: Hindu Business Line
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Coal India gets into solar powerCoal India officials will do something unprecedented today – they will brainstorm with a select group of prospective bidders to decide on the technology to be used for setting up solar power plants. For once, mines won’t be on the agenda. In a surprising diversification move, Coal India has decided to set up solar power projects across the country, the first of which would come up at Sambalpur in Odisha. The purported reason for the world’s largest miner of non-renewable energy venturing into renewable energy, Coal India had told prospective bidders, is a growing... Read more.. Date : May 27 Source: Daily News and Analysis
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Concrete pavements leave no space for water percolationThe corporation has been speeding up the laying of storm water drains, but the process might not have the desired effect as all the surface soil is being covered with concrete. This will shut off all avenues of natural percolation. The edges of roads in Besant Nagar, Ashok Nagar and other parts of the city have been covered with concrete after removing soil and roadside plants. Experts say this may add to flooding as the rainwater will not be able to percolate and replenish ground water. "While one department plants trees, another destroys them," said S R V Subramaniam... Read more.. Date : May 27 Source: Times of India
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First clean tech fund closes, strikes debut dealBP Plc, International Finance Corp. (IFC), ministry of new and renewable energy, Technology Development Board and Indian Institute of Management, Ahmedabad (IIM-A), have joined hands to create Infuse Ventures, an India-centric investment fund to support start-ups in the sustainable energy and clean technology sector.
Infuse Ventures, which is raising a Rs.125 crore fund, had its first closing at Rs.75 crore on Friday and has already made its maiden investment.
The new fund, along with IFC, has invested $1.6 million in smart grid... Read more.. Date : May 27 Source: Livemint
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