ENERGY TRANSITION
Budget 2024: What are power sector's expectations from FM Nirmala Sitharaman?
Budget 2024: With anticipated economic growth and a focus on energy transition, India’s power sector is a top priority for the government. The nation is targeting 500 GW of renewable energy by FY30 and an additional 85 GW of thermal capacities by FY32. ET examines the challenges faced by the sector and its budgetary wishlist.
India taps Africa, Latin America to shore up critical mineral supply
India actively pursues strategic partnerships with Africa and Latin America to secure critical minerals, focusing on lithium for clean energy technologies. The country seeks to reduce import dependency and encourages private Indian investments in overseas mineral blocks.
Transforming India's power grid: Highlights from the Transmission & Distribution Conclave 2024
The conclave that took place at KSH Infra Park in Pune, Maharashtra on June 13, brought together industry leaders, experts, and enthusiasts to explore the transformative possibilities within the transmission and distribution industry.
We expect good growth picture and pipeline for next 6 to 12 months: Subramanian Sarma, L&T
We established ourselves well. We have built a good reputation. And we just now need to stay focused and be very selective in how we build that portfolio and participate in all the prospects which are coming our way.
AM Green, SJVN arm ink MoU for supply and sourcing of green energy
AM Green's partnership with SJVN Green Energy aims to supply 4.5 GW of renewable energy. The project supports India's green hydrogen production targets and contributes to global industrial decarbonization. Additionally, collaborations with Gentari Sdn Bhd and GIC further enhance AM Green's position in the renewable energy sector.
Avaada Energy gets 820 MW hybrid project from SJVN
Avaada Energy announced on Monday that it has secured an 820-megawatt hybrid project from state-owned power producer SJVN. This achievement came through an e-Reverse Auction process.
SJVN to supply 4500 MW green energy to AM Green's green ammonia facilities
Greenko Group's subsidiary, AM Green, and SJVN Green Energy Limited (SGEL), a wholly owned subsidiary of SJVN, have signed a Memorandum of Understanding (MoU) for a long-term renewable energy supply agreement. Under the agreement, SGEL will provide 4,500 MW of carbon-free energy to power AM Green's forthcoming green ammonia facilities.
World Bank lends $1.5 billion push to power green hydrogen market
India's energy transition supported by the World Bank includes green hydrogen promotion, renewable energy scaling, and grid code amendments for enhanced integration of battery energy storage solutions.
MMRDA inks Rs 850-crore urban infra financing pact with German development bank KfW
The funds procured from KfW and MMRDA's resources will be primarily allocated towards various sustainable development projects within and around the Mumbai Metropolitan Region. These initiatives include the development of green corridors, solid waste management systems, recycling and reuse facilities, and the promotion of renewable energy solutions to address environmental concerns and enhancing the quality of life for residents in the bustling metropolitan area.
Adani Group to invest $100 billion in energy transition, says Gautam Adani
Green hydrogen, which is made by splitting hydrogen from water with the help of electrolyzers powered by clean energy, is seen as a potential panacea for decarbonizing the industry as well as transportation. Speaking at 'Infrastructure - the Catalyst for India's Future' event of Crisil, Adani Group chairman Gautam Adani said energy transition and digital infrastructure are trillion-dollar opportunities which will transform India both at a local and at a global scale.
By 2032, India infrastructure spending will surpass $2.5 trillion, says Adani
The Adani Group, he said, will invest over $100 billion (around ₹8.35 lakh crore) over the next decade in energy transition projects and in manufacturing every major component required for green energy generation. Adani Green Energy is building solar and wind parks. The group is also building facilities to manufacture electrolyzers to make green hydrogen, wind power turbines and solar panels.
India ranks 63rd on Energy Transition Index, Sweden on top: WEF
The improvement shown by India and some other developing countries such as China and Brazil assumes significance as 83 per cent of countries have moved backwards from last year in at least one of the three energy system performance dimensions -- security, equity and sustainability.
The Green Credit Programme can drive India’s circular bioeconomy and energy transition
The 2023 market-based mechanism, the Green Credit Programme, provides the opportunity for tackling greenhouse gas emissions and provides other environmental benefits. Not a cure all, the Green Credit Programme does with robust methodology provide a way forward to put wasted resources to good use. However, it will require concerted and coordinated action by stakeholders.
Jakson Green secures Rs 60 crore funding from HSBC India
This sustainable trade facility from HSBC India underscores Jakson Green's unwavering commitment to ESG responsibilities and its leadership in promoting a sustainable and inclusive future.
How rooftop solar is reshaping energy consumption
India is undergoing a rooftop revolution with the development of solar technology, reshaping energy consumption patterns. The country aims to achieve ambitious renewable energy goals, focusing on rural electrification for inclusive development.
Slowing EV sales are upending banker climate strategies
The global electric vehicle market faces challenges as China leads in EV development, impacting sales in Europe and US. Policy interventions are expected due to China's dominance and US tariff increases on Chinese imports.
Tata Power plans 66 pc higher capex at Rs 20,000 cr in FY25; to spend 50 pc on renewable energy projects
Tata Power plans a 66% higher capital expenditure of Rs 20,000 crore to focus on energy transition and net-zero emissions. The company aims for 70% capacity from non-fossil-based fuels by 2030.
AMPIN Energy Transition secures $35 million funding
AMPIN Energy Transition announced securing funding of USD 35 million (over Rs 292 crore) from responsAbility, a Switzerland-based impact asset manager. The investment will support AMPIN in various projects across its special purpose vehicles (SPVs), particularly in the commercial and industrial (C&I) solar segment. These projects encompass sectors such as manufacturing, auto, pharma, healthcare, FMCG, and data centers.
Ampin Energy secures Rs 292 crore from Swiss firm ResponsAbility
Ampin Energy Transition raised $35 million to expand solar capacity to 10GWp by 2030, supporting India's 500 GW renewable energy target. The investment aims to drive the transition for commercial and industrial customers, led by CEO Pinaki Bhattacharyya.
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