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Sustainability Outlook Headlines

Wind energy capacity growth to decline in FY17: ICRA

The wind energy segment could see a decline in fresh capacity addition from 3.3 GW in FY2016 to around 2.5 GW in FY2017 estimates ICRA.

The rating firm says that the reasons for fall in wind energy capacity addition include substantial reduction in preferential tariff - from Rs 5.92 per unit to Rs 4.78 per unit for new wind energy projects to be commissioned in Madhya Pradesh and slowdown in signing of fresh... Read more..

Source: The Economic Times

PFS, US energy body tie-up to train senior executives from SAARC countries in hydropower

Infrastructure finance company PTC India Financial Services (PFS) and the US Energy Association will launch training programmes for senior executives from SAARC nations working on hydropower projects.

The agreement signing is under the United States Agency for International Development's (USAID) South Asia Regional Programme for Energy Integration (SARI/EI), PFS said in a statement.

... Read more..

Source: The Economic Times

NREL Researches Capturing Waste Heat Via Nanotubes

Researchers at the Energy Department’s National Renewable Energy Laboratory (NREL) believe finely tuned carbon nanotube thin film has the potential to act as a thermoelectric power generator which captures and uses waste heat.

According to press information, this research might help guide the manufacture of thermoelectric devices based on either single-walled carbon nanotube (SWCNT) films or composites... Read more..

Source: PlanetSave

Cabinet approves changes in bill on afforestation

The Union cabinet chaired by Prime Minister Narendra Modi on Wednesday gave its approval to move official amendments in the Compensatory Afforestation Fund Management And Planning Authority (CAMPA) Bill, 2015.

The CAMPA Bill is meant to promote afforestation and regeneration activities to compensate for forest land diverted to non-forest uses, by regulating and managing $5.3 billion (almost Rs.350 billion)... Read more..

Source: The Economic Times

India Urges Developed World to Declare Enhanced Action Plan

India has urged the developed world to declare its enhanced action plan for the second period of Kyoto Protocol. Speaking on the eve of his departure for New York for the signing of Paris Climate Change Agreement, Minister of State (Independent Charge) of Environment, Forest and Climate Change, Shri Prakash Javadekar, said, that mobilising $100 billion is still at the stage of discussion and no concrete action plan has been laid out. Shri Javadekar said that India has levied a Clean Environment Cess of $6 (Rs... Read more..

Source: Business Standard

Suzlon Energy acquires 5 solar companies to implement projects

Suzlon Energy has acquired five small solar companies for an undisclosed sum to implement various renewable energy projects across the country.

"The company has acquired Gale Solarfarms, Tornado Solarfarms, Abha Solarfarms, Aalok Solarfarms and Shreyas Solarfarms to implement various renewable energy projects across the country, including the recently won solar projects in Maharashtra of 70 MW," Suzlon said... Read more..

Source: The Economic Times

NTPC, IIT Kanpur sign pact for R&D in renewables, automation

State-owned power producer NTPC has signed a pact with IIT Kanpur for research and development in the areas such as renewables, automation and power system engineering.

"NTPC and IIT Kanpur have signed a Memorandum of Understanding (MoU) for research and development in the areas of mutual interest such as power system engineering, real time digital simulations, smart grid, computational sciences, grid... Read more..

Source: The Economic Times

Gamesa secures 40 MW repeat wind order from ReNew Power

 Gamesa India has announced that it has entered into an agreement with ReNew Power for a 40 MW turnkey order consisting of 20 units of Gamesa’s custom made G97-2.0MW class Swith tower height of 104mthat will be commissioned in Ron district in Karnataka.

According to the contract, Gamesa will develop the entire infrastructure needed to operate the project including supply, erection & commissioning of 20... Read more..

Source: Energetica-India

Adani gets Gujarat govt nod to build solar power equipment unit

Adani Enterprises Ltd has secured approval from the Gujarat government to begin work on building a solar power equipment plant on its own after earlier unsuccessful attempts to build the plant in partnership with technology providers such as clean-power developer SunEdison.

Work on the first phase of the project has started and is expected to be commissioned this year, said two government officials familiar... Read more..

Source: livemint

India bright spot for global renewable energy investments in Q1

India was one of the bright spots in clean energy investments in the first quarter of calendar year 2016, amid a fall in markets such as China and Brazil, according to data from Bloomberg New Energy Finance. As per the data, India’s clean energy investments reached $1.9 billion in the January-March quarter, up 6 per cent from the comparable period in 2015.

The Narendra Modi-led BJP government has set an... Read more..

Source: The Hindu

GRI Sustainability Reporting Standards Released for Comment

In November, the Global Sustainability Standards Board (GSSB) said it would transition the GRI G4 Guidelines to GRI Sustainability Reporting Standards (GRI Standards). GSBB also said in the future, it will no longer issue generations of sustainability reporting guidelines as it has done historically. Instead, GRI Standards will be updated on an ongoing basis.

GRI released the first set of exposure drafts of... Read more..

Source: Environmental Leader

Committee constituted by Ministry of Power prepares action plan for smooth and reliable integration of renewable energy

A committee constituted by the Ministry of Power has prepared a 15-point action plan to ensure smooth and reliable integration of renewable energy with conventionally generated electricity carried by the national and state grids. The report of the committee was released by Minister of Power and New and Renewable Energy Piyush Goyal on Monday.

India's ambitious programme of creating 175 Gw of installed... Read more..

Source: The Economic Times

India surpasses solar energy target for 2015-16 more than one and a half times

India has surpassed its solar energy target for 2015-16 more than one and a half times, commissioning 3018 MW during the year against the 2000 MW it had set itself.

Latest figures shared by the Ministry of New and Renewable Energy with ET show that Tamil Nadu added the most capacity in 2015-16 at 887.19 MW, followed by Andhra Pradesh (433.24 MW) and Telangana (351.56 MW).

... Read more..

Source: The Economic Times

Inox Wind bags 100 MW order from Renewable Energy IPP

Inox Wind has bagged two orders for a cumulative capacity of 100 MW from one of India's leading renewable energy independent power producers. The turnkey orders comprise of a 50 MW project to be set up in Gujarat and a 50 MW project to be set up in Madhya Pradesh. The projects once commissioned will provide power to -50,000 households, curtail -0.15 million tonnes of carbon dioxide emissions annually and further consolidate Inox Wind's leading position in the two states.

... Read more..

Source: IIFL

Waste-to-energy plant planned in Ongole cluster in Andhra Pradesh

A waste-to-energy plant is being planned in Ongole by pooling together waste generated from three other towns in Prakasam district.

A detailed project report had been prepared by a Delhi-based firm IPE Global Private Limited to generate energy from 200 tonnes of waste generated in the Ongole cluster comprising also Kandukur, Chimakurthy and Addanki towns on a scientific basis, Ongole Municipal Commissioner S... Read more..

Source: The Hindu

At least 24 e-waste collection centres to be set up in Mumbai

Though the quantum of e-waste in the city has gone down at present, 24 e-waste collection centres are planned to be set up across 24 civic wards in Mumbai, with an eye on the expected increase of such waste in the future.

The Brihanmumbai Municipal Corporation (BMC) is planning to set up these e-waste centres under a public-private partnership model. Such an arrangement would facilitate the collection of... Read more..

Source: dna

Expert panel bats for flexible energy bourses, real-time trade

An expert panel today pitched for real-time trading of power and making energy exchanges more flexible and robust in the country in view of integration of 175 GW electricity from clean sources.

"There is need for more frequent market clearing in power exchanges, e.g. multiple iterations in day-ahead segment and new products like real time market, flexibility markets, capacity markets etc," suggested... Read more..

Source: The Economic Times

Roof-top solar energy project progressing at snail’s pace in Andhra Pradesh

The ambitious roof-top solar energy project of both the Central and the State governments appears to be progressing at snail’s pace, as the New and Renewable Energy Development Corporation of Andhra Pradesh (NREDCAP) has not released even a single subsidy to the consumers so far in the last one year, under the APEPDCL circle.

Of the 12 applications received so far for about 89 kw, roof-top projects, no... Read more..

Source: The Hindu

Vatika Becomes India’s First Realtor To Solarize Its Projects

 Vatika group has announced that it has become the first real estate developer to install solar panels at its projects. This installation is being carried out by Enviro. Through this and numerous other efforts the realtor is trying to reduce its carbon footprint and give impetus to the use of green energy. This is a key initiative by the leading realty group for the production of green energy requires a lot of initial investments. Vatika group has invested a total of Rs 75, 00,000 for the installation of... Read more..

Source: Energetica - India

Centre to set higher clean energy purchase target for discoms

The central government, which has mandated state power utilities to compulsorily buy solar power to help create a market for it, will in a fortnight set a higher purchase obligation for the next six years to encourage investments in the targeted 100 gigawatt (GW) of solar generation capacity.

With some states expressing dissent on the issue, the central government is preparing separate targets for different... Read more..

Source: livemint

Orange Renewable inks pact with SECI for 100-MW solar project

Orange Renewable, a 100 per cent subsidiary of Singapore-based AT Holdings Pte, today said it has signed a power purchase agreement with Solar Energy Corporation of India (SECI) for development of a 100-MW solar power project in Maharashtra.

Under the agreement, Orange Renewable will develop a 100 mega watt (MW) solar power project under Jawaharlal Nehru National Solar Mission (JNNSM) phase - II, batch - III... Read more..

Source: The Economic Times

Rays Power bags 10 MW solar project in Karnataka

Rays Power Experts today said it has bagged a 10 MW project of Karnataka Renewable Energy Development ( KREDL) under state's solar scheme.

The project will be set up employing Poly Crystalline Technology at Chikkabalapura district of the state at a tariff of Rs 5 per unit under power purchase agreement, the company said in a press release.

... Read more..

Source: The Economic Times

SunEdison says in talks for potential DIP financing

Solar energy company SunEdison Inc said on Friday it was in talks for potential debtor-in-possession financing with some of its first and second-lien lenders.

SunEdison said it needed about $310 million to stay in business, estimating a cash shortfall of $260 million by mid-June.

The company's shares, which... Read more..

Source: The Economic Times

Hartek Power connects 50-MW solar project to grid in Andhra Pradesh

 Hartek Power Pvt Ltd has announced that it has successfully connected a 50-MW solar project to the grid in Anantapur district of Andhra Pradesh.

The scope of work of the 132/11 KV substation project, which happens to be Hartek Power’s first one in the state and its biggest in South India, involved complete turnkey solutions and post-inverter works covering the design, engineering, installation and... Read more..

Source: Energetica - India

India to get $250 mn for renewables from New Development Bank

The New Development Bank, a funding institution, has sanctioned a $250 million loan for India to fund its scheme on new and renewable energy.

The grouping of Brazil, Russia, India, China and South Africa (BRICS) — which set up the multilateral development financing institution with headquarters in Shanghai — has also now decided to look at the prospect of a new academic institute and a ratings agency under... Read more..

Source: GreenTech Lead
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