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Sustainability Outlook Headlines
Indian Aluminium Company To Invest $100 Million In Renewable EnergyAnother government-owned company in India has announced grand plans to increase investment in the renewable energy sector. Following a government push to increase investment in renewable energy and meet renewable energy procurement targets, the National Aluminium Company Limited (NALCO) has announced plans to invest Rs 700 crore (over $100 million) towards development and implementation of renewable energy... Read more.. |
GST poses a big risk for Indian solar industry: ReportRenewable sector, currently a beneficiary of several indirect tax exemptions, may be a big loser if goods and service tax is implemented since the bill proposes to revoke most of these exemptions, according to Bridge to India. Costs and tariffs are expected to rise by 12-20% as a result. GST is a key taxation reform as it seeks to simplify a complex maze of state and central taxes by subsuming these into a... Read more.. |
United Flights from LA to San Francisco Now Use Biofuel, Create 60% Less EmissionsRegularly scheduled United Airlines flights between Los Angeles and San Francisco will be fueled by a blend of 30 percent biofuel and 70 percent traditional fuel, reducing an estimated 60 percent of greenhouse gas (GHG) emissions compared with regular fuel. Other airlines have tested biofuel, but United says it has “made history … by becoming the first U.S. airline to begin use of commercial-scale volumes of... Read more.. |
Solar power now a reality at Jaipur railway stationNow Jaipur Railway Station is among the elite club of railway stations which is harnessing solar power for its operations. Jaipur railway station's rooftop installed solar panels produced 260 units of electricity on the maiden day on Friday, which was 35 units more than its daily capacity. The operation was inaugurated by the general manager of North Western Railways (NWR), Anil Singhal, who informed media... Read more.. |
Bhageria Industries wins 30MW Solar Power Project from Solar Energy Corporation of IndiaBhageria Industries (BIL) has won 30MW Solar Power Project from Solar Energy Corporation of India (A Government of India Enterprise). BIL will install 30 MW Solar Power Plant at Ahmednagar District, Maharashtra. The completion of project is expected in first quarter of 2017. BIL will execute complete project on Turnkey projects basis and will also operate and maintain the same plant for 25 years. Bhageria... Read more.. |
GHMC gets 291.57 cr for waste management overhaulFor strengthening door to door collection, transportation and segregation of waste, the government has come up with Detailed Project Report (DPR) for Municipal Solid Waste (MSW) in GHMC area. The State government will be procuring vehicles and make infrastructural arrangements with an estimated cost of Rs 291.57 crore. It has submitted the report to Centre for consideration under Swachh Bharat Mission for providing 20 per cent of the project cost. ... Read more.. |
New modelling shows renewable-based system cheaper than fossil fuelsNew modelling from a group of engineers, energy analysts and IT experts in Western Australia shows that a high penetration renewable energy system would be cheaper based around existing fossil fuel generation. The modelling, known as SIREN, looks at the West Australian grid, known as the South West Interconnected System, and shows that an electricity system with 85 per cent renewable energy will be cheaper... Read more.. |
Hero Future Energies, ReNew Power Major Winners In 1.2 GW India Solar Power TenderAnother large solar power tender in India has yielded encouraging results, with low tariffs being sustained. The southern state of Karnataka recently announced winners of its 1.2 GW solar power tender. Two rapidly emerging project developers have secured rights to implement large capacities of solar photovoltaic power projects. Hero Future Energies, part of the Hero Group conglomerate, and ReNew Power... Read more.. |
“Entirely New Option For Low Cost Offshore Wind” Got $4.5 Million From ARPA-ELast fall, an offshore wind energy startup called Accio Energy won $4.5 million in funding from ARPA-E, the US Energy Department’s transformational energy accelerator. That’s a huge chunk of change and the funding announcement did say that Accio’s technology offers “an entirely new option for low cost offshore wind,” but somehow the news seems to have skipped almost entirely under the radar. Or not, as the... Read more.. |
India to formally adopt Sustainable Development GoalTop 50 domestic corporate leaders will be assembling here on Saturday under the aegis of the UN to formally adopt the Sustainable Development Goals (SDGs) of the world body and discuss the way forward for implementation. The SDGs are the continuum of the 8 Millennium Development Goals (MDGs) which were under implementation from January 2000 to December 2015. These 17 SDGs are being implemented from January... Read more.. |
CDPQ sets up office in India: commits $150 million for renewable energyCanada's second largest pension fund Caisse de depot et placement du Quebec or CDPQ has announced it's India entry by appointing Anita Marangoly George, as its managing director for South Asia. The fund has also choose India as it's first emerging market to invest $150 million in country's renewable energy sector in next three years. Quebec-headquartered CDPQ manages $248 billion in assets and primarily... Read more.. |
Central Water Commission report shows, water levels in reservoirs decline to alarming levelsNTPC Ltd has been forced to curtail electricity production at a plant in West Bengal because of low water levels in the Farakka feeder canal. After two consecutive drought years, this could be the beginning of a new set of woes for India. Water levels are depleting fast in India’s reservoirs. Weekly data published by the Central Water Commission show that storage availability at 91 major reservoirs in the... Read more.. |
NGT seeks Centre's response on plea for ban on micro-plasticsThe National Green Tribunal has sought response from the Centre on a plea seeking ban on use of micro-plastics in cosmetic and bodycare products in India alleging their use is extremely dangerous for aquatic life and environment. A bench headed by NGT chairperson Swatanter Kumar issued notice to the ministry of environment and forests and the ministry for water resource and sought their reply on next date of... Read more.. |
Mumbai's industry belt switches to solar powerRooftop solar power is increasingly becoming a prized asset from politicos to individual houses with several industrial units in the MIDC area evincing interest in solar as it helps cut power bill. Even the huge initial cost can be recovered within a few years. Thane municipal corporation (TMC) has already solar-powered one of its ward offices and is in the process of electrifying its several public... Read more.. |
New buildings in Maharashtra to have waste processing unitsThe state government is considering changes to the Development Control Regulations (DCR) to ensure zero garbage discharge in case of new constructions, CM Devendra Fadnavis said on Thursday. He said no permissions will henceforth be given for a dumping ground rather only for a garbage processing plant. Replying to a calling attention motion on the recent fire at Deonar dumping ground, Fadnavis said the... Read more.. |
Sitac Management and Development to acquire wind energy projects to increase capacity to 1,000 MWTo achieve its target of having 1,000 MW capacity, wind energy producer Sitac Management and Development (SMDPL) is looking at acquiring non-operational projects across the country in the next 3-5 years with an investment of Rs 7,500 crore. "Initially, we will jointly install 142 MW which will be split across five projects in Gujarat and expected to be commissioned by the end of next fiscal.... Read more.. Date : Mar 14 Source: The Economic Times
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Delhi gets Ist electric busIn a major environment-friendly initiative, the Delhi Government today launched the country's first-ever pollution-free electric bus to be run on a pilot basis for six months. “It is the first such bus in India which is 100 percent pollution free and operates completely on electricity. It is a pilot project. The bus will run on trial basis for six months in Delhi,” said Transport Minister Gopal Rai.... Read more.. |
Netherlands pushes for worldwide sustainability in textile industryIn a stand intended to encourage businesses in textile and fashion industries to address environmental and CSR issues on a global level, the Dutch government has launched a coalition of companies, trade unions and NGOs, with whom it reportedly signed a five-year textile agreement on sustainable garment and textile production globally recently. The textile deal, signed by the Dutch government with three trade... Read more.. |
Key improvement made in CdTe solar cell voltage technologyA critical milestone in solar cell fabrication will help pave the way for solar energy to directly compete with electricity generated by conventional energy sources. Researchers improved the maximum voltage available from a cadmium telluride (CdTe) solar cell, overcoming a practical limit that has been pursued for six decades and is key to improving efficiency. The effort was led by the U.S. Department of... Read more.. |
Cheaper battery technology for solar storageResearchers at WMG, University of Warwick have formed a new research partnership with battery technology innovators Faradion, and smart energy storage specialists Moixa Technology, to develop sodium-ion cells as a significantly lower cost alternative to lithium-ion batteries for solar energy storage. This collaboration is being part funded by Innovate UK, the UK's innovation agency. A significant proportion... Read more.. |
Banks, NBFCs to finance 76,000 MW clean energy projectsPublic as well as private banks and non-banking finance companies (NBFCs) have committed for financing renewable energy projects of 76,352 MW capacity with an outlay of Rs 3.82 lakh crore, Parliament was informed today. "24 Public Sector and 8 Private Sector Banks and 4 Public Sector & 2 Private Sector NBFCs have committed for financing renewable energy projects of 76,352 MW capacity with an outlay of Rs... Read more.. |
Rays Power partners Hilliard Energy for 150 MW solar projectRays Power Infra has partnered with Hilliard Energy to jointly develop 150 MW solar power project, entailing an investment of $130 million (about Rs 870 crore). "The company's subsidiary Shining Sun Power has signed a 150-MW project development term sheet with power producer Hilliard Energy, a company incorporated and registered under the laws of Mauritius. Both partners will jointly develop 150 MW of solar... Read more.. |
Power Grid approves Rs 885 crore to boost transmission, capacityCentral utility Power Grid Corporation of India today said its board has approved a total investment of Rs 885 crore in projects to strengthen transmission and augment transformation capacity. The board gave nod for "investment approval for strengthening of transmission system in India for transfer of power from Mangdechhu hydroelectric Project in Bhutan at an estimated cost of Rs 808.63 crore, with a... Read more.. |
Uttar Pradesh to issue bonds worth Rs 3,677 crore to aid ailing state discomsThe government's ambitious debt-recast plan for ailing state distribution companies received a shot in the arm with the decision of Uttar Pradesh to issue bonds worth Rs 3,677 crore to help reduce the debt of its discom. Power, coal and renewable energy minister Piyush Goyal said this was a historic development. "Welcome the issuance of first UDAY bonds worth Rs 3,677 crores by UP. Historic step towards... Read more.. |
Solar Module Prices Reached 57 Cents per Watt in 2015, Will Continue to Fall Through 2020According to GTM Research’s latest edition of the PV Pulse, the global blended average price for a tier-1 Chinese-produced multicrystalline PV module fell 10 percent year-over-year and reached 57 cents per watt in the fourth quarter of 2015. “While underwhelming demand in 2014 left its trace on pricing in early 2015, supply-demand tightness and tariffs drove price trends in the second half of the year,”... Read more.. |
