CLEAN ENERGY COMMITMENTS
Raise the stakes of BIMSTEC markedly
The Bimstec foreign ministers' retreat in New Delhi aimed to create an actionable roadmap for the seven member countries, including India, Sri Lanka, Bangladesh, Myanmar, Thailand, Nepal, and Bhutan. India must lead by leveraging its economy and partner strengths. Trade among these seven economies has grown, but remains low compared to intra-Asean trade.
India commits to enhancing cooperation with Pacific partners: S Jaishankar
Speaking about the challenges faced by Pacific island nations, Jaishankar emphasised India's commitment to addressing common issues such as climate change, natural disasters, poverty alleviation, and healthcare. "Climate change, natural disasters, poverty alleviation and healthcare are common challenges that we need to address together and India is privileged to be a partner of the Pacific Islands in that regard."
VIEW: Cues on the critical need to support India’s solar and renewable energy industry
NDA 3.0 aims to revitalize India’s economy with a focus on clean energy in the 2024-25 budget. Priorities include policy continuity, fiscal incentives, and significant investments in renewable technologies, particularly solar. By allocating 5-10% of GDP to clean energy, India can foster economic growth, employment, and global leadership in renewable energy.
Brookfield to buy controlling stake in Leap Green for $550 million
Brookfield has made a significant equity investment of over $200 million in Leap Green Energy, a renewables platform based in Tamil Nadu that focuses on providing clean energy solutions to commercial and industrial customers. This investment includes an option for an additional $350 million to support future growth, aiming to exceed 3 GW capacity in the next four to five years.
NexGen Energia plans to invest Rs 15,000 cr over 10 yrs to open 5,000 green diesel, CBG pumps
NexGen Energia plans a Rs 15,000 crore investment to establish 5,000 green diesel and CBG pumps across India over the next decade. The initiative aims to reduce fuel imports by 30% and create jobs for 10 lakh people. The company also expands into electric vehicles with affordable two-wheelers and upcoming electric trucks and buses.
Airtel's Nxtra to become 100 pc renewable energy data centre company
According to the statement, Nxtra has become the only data centre organisation in India to have pledged to RE100 and the 14th Indian company to achieve this milestone.The company claims to have increased its renewable energy use and has contracted 422,000 MWh renewable energy till date.
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Relationship between India, US 'multiplicative': US envoy Garcetti
"This (India-US) is a relationship that isn't just additive. It's not just the US plus India. It's multiplicative. It's the United States times India," Garcetti said at the meeting held in the suburbs of Washington on Monday.
A big boost for a climate solution: electricity made from the heat of the Earth
Southern California Edison and Fervo Energy mark a significant advance with the largest geothermal power development in the US, showcasing the increasing demand for clean electricity and the commitment to zero-carbon energy in California.
SunSource Energy commissions 3 open access solar plants in Uttar Pradesh
Solar solutions provider SunSource Energy on Tuesday announced the commissioning of three open access solar power plants totalling a capacity of 45 MWp in Uttar Pradesh. Located in Jhansi and Lalitpur districts on a combined area of 150 acres, these projects have a total capacity of 45 MWp and signify the continued commitment of SunSource Energy to expanding its footprint in the state, a company statement said.
UAE's Alterra commits $1 billion to Brookfield’s climate fund
The $5-billion Catalytic Transition Fund (CTF) managed by Brookfield Asset Management receives a $1-billion commitment from UAE's Alterra Management Limited to invest in clean energy and transition assets in emerging economies.
Green gambit: ready to make clean moves for country's energy security
Newly appointed minister Pralhad Joshi emphasized on the importance of renewable energy for India's energy security, highlighting the country's significant contributions and plans for further development.
India, the US and 12 other nations sign Indo-Pacific region economic pact
The US and 13 nations in Asia signed agreements on the Indo-Pacific Economic Framework, part of Biden's strategy to counter China's influence. The pact includes major economies like Japan, India, and South Korea, focusing on renewable energy, climate change, taxation, corruption, and supply-chain management.
India offers USD 500 billion investment opportunities in clean energy, other sectors by 2030
New Delhi India offers huge investment opportunities worth over USD 500 billion, particularly in clean energy value chain including renewables, green hydrogen and EV, by 2030, the commerce ministry said on Thursday. This was stated by Commerce Secretary Sunil Barthwal, who is in Singapore for the two-day meet of the Indo-Pacific Economic Framework for Prosperity (IPEF) Clean Economy Investor Forum.
Time up: BHP gives up plan to take over its rival Anglo American
BHP's aim was to secure Anglo's prized copper assets in Latin America and increase access to a metal central to the global shift towards clean energy and electric vehicles. But the structure of BHP's deal, which required Anglo to unbundle its South African platinum and iron ore businesses, was a major reason for its collapse.
How China pulled so far ahead on industrial policy
The problem for the West, though, is that China's industrial dominance is underpinned by decades of experience using the power of a one-party state to pull all the levers of government and banking, while encouraging frenetic competition among private companies.
How China pulled so far ahead on industrial policy
The problem for the West, though, is that China's industrial dominance is underpinned by decades of experience using the power of a one-party state to pull all the levers of government and banking, while encouraging frenetic competition among private companies.
Army collaborates with IOCL for green, sustainable transport solutions
The Indian Army has partnered with Indian Oil Corporation Limited (IOCL) to implement green and sustainable transport solutions. A Memorandum of Understanding was signed, and one hydrogen fuel cell bus was received by the Army. The hydrogen fuel cell technology converts hydrogen gas into electricity, leaving water vapor as the only by-product, ensuring zero emissions.
In-house solar power generation saving 2,300 tons of CO2 across RRTS corridor: NCR transport body
The solar power plants are now operational at the Guldhar and Sahibabad RRTS stations, each having a peak power capacity of 729 kilowatts (kWp), as well as at the Duhai Depot and Duhai Depot station with capacities of 585 kWp and 108 kWp respectively, it said.
Hydrogen-powered private jets can cut emissions — If they can get off the ground
A 2021 report found that some private jets emit two tons of CO2 per hour — at least five times more pollution per passenger than commercial flights. That’s 50 times worse than trains.
Green energy will help fight pollution and create jobs in India
India, committed to climate mitigation programme, today stands 4th globally in renewable energy installed capacity, 4th in wind power capacity and 5th in solar power capacity, as per International Renewable Energy Agency - Renewable capacity statistics 2023.
National security has become crucial to many economic transactions: Jaishankar
Rooting for multipolarity and the role of India, the minister said, "The transformation of India is critical to strengthening multipolarity in Asia itself, a prerequisite for a multipolar world. India's growing weight will ensure that the overall balance in the world order remains in favour of freedom, openness, transparency and a rules-based order."
US, Philippines to train Filipinos in nuclear power
The Philippines and the United States agreed to train Filipinos in building and operating nuclear power plants to boost the Southeast Asian country's electricity supply. Following a November nuclear cooperation agreement, the new deal will offer scholarships and exchange programs for Filipinos to study civil nuclear power and renewable energy. This initiative aims to develop a skilled workforce for clean energy infrastructure. Philippine President Ferdinand Marcos is determined to adopt nuclear power, including potentially reviving a mothballed $2.2 billion plant.
America is joining its frenemies back in the fossil fuel club
US President Joe Biden imposed tariffs on Chinese clean technology imports to support the US clean technology industry against China's dominance.
10 Best Solar Panels in India: Harnessing Innovation for a Sustainable Future (2024)
Embrace the shift towards renewable energy and unlock the potential of solar power with the best solar panels, driving us towards a more sustainable and eco-friendly future. Uncover cutting-edge technologies such as PERC (Passivated Emitter Rear Cell) and bifacial modules, maximising energy production even in challenging conditions. With high efficiencies and robust construction, these panels withstand the test of time and weather, ensuring long-term performance and savings. Read on to explore the versatility of solar energy with panels suitable for various applications, backed by trusted warranties.
BPCL to invest Rs 1.7 lakh cr in core, new energy business
BPCL, which owns three refineries that convert crude oil extracted from below earth's surface into fuels like petrol and diesel, plans to expand refining capacity to 45 million tonnes per annum by March 2029 from current 35.3 million tonnes, he said.
Australia unveils plans to keep burning gas beyond 2050
Australia plans to continue using natural gas beyond 2050 while aiming for net zero emissions. The strategy faces criticism from environmental groups, citing it as a 'climate disaster' and 'fossil fuel disaster' impacting the environment negatively.
Microsoft to power data centers with Brookfield renewables deal: report
Microsoft expects its partnership with Brookfield to help finance the creation of renewable electricity projects to be built between 2026 and 2030, beginning in the U.S. and Europe, according to the newspaper.
Sodium batteries from Michigan to challenge lithium’s grip
Sodium-ion batteries offer benefits over their lithium-ion counterparts. They can discharge faster, providing short, intense bouts of power.
For 3rd term, BJP eyes rooftop solar to get to the masses
BJP's plan for energy independence by 2047 includes rooftop solar outreach, 300 GW solar by 2030, and clean energy excellence center. They aim to challenge China's dominance in renewable energy sector.
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