RENEW
Renewables produce almost 60% of Spain's electricity
Spain significantly increased its renewable energy generation in the first half of 2024, with renewables contributing 60 per cent of its electricity, up from 51 per cent a year earlier, driven by new solar capacity and increased output from hydropower plants, according to data from grid operator Redeia, with wind farms generating 24.4 per cent of the total, solar plants 16. per cent, and hydropower dams 15.9 per cent, aligning with Spain's goal to reach 80 per cent renewable electricity by 2030.
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.
Waaree Energies to supply 900 MW of modules for Solar Power Plant in Rajasthan
Waaree Energies has secured a contract from Serentica Renewables India to supply 900 MW modules for a solar power plant in Rajasthan's Fatehgarh district. The project is expected to be one of the largest in India with Waaree modules. The delivery schedule is set from August 2024 to February 2025. Waaree will oversee the manufacturing, testing, packing, and transportation of the modules, ensuring quality standards and timely project execution.
Karnataka to set up solar park in Madhugiri, boost renewable energy production: Minister K J George
The Karnataka government plans to establish a solar park in Madhugiri taluk, following the success of the Pavagada Solar park in Tumakuru. The park will be developed in a strategic partnership with Tehri Hydro Development Corporation India Limited (THDCIL), owned by the central government. The project aims to enhance environmental stewardship and energy security in the state.
JSW Energy, SJVN sign PPA for 700 MW solar project in Rajasthan
Pritam Singh, Singapore's Leader of Opposition and of Indian-origin, was re-elected as secretary-general of the Workers' Party (WP) on Sunday. He leads a newly elected Central Executive Committee (CEC) chaired by Sylvia Lim, comprising 14 members. Singh, who has held the position since 2018, was returned unopposed. The CEC, elected for a two-year term, is gearing up for Singapore's upcoming general election, possibly in November this year.
REC loan sanctions grow 24 pc to Rs 1.12 lakh crore in Q1; Rs 40k cr for renewables
Loan disbursements rose 27.89 per cent to Rs 43,652 crore in the period under review. During June quarter FY25, Rs 39,655 crore was sanctioned for renewable energy projects, up 58.72 per cent from the year-ago period. Loan disbursements more than doubled to Rs 5,351 crore from Rs 1,534 crore.
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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.
Warehouse operators take shine to solar power, rework logistics
The move towards renewable energy is not just a response to global environmental concerns but also a strategic business decision for many warehouse operators seeking to reduce operational costs and enhance sustainability.
DEG-IFC-ADB trio eyes renewable energy firm Fourth Partner
A group of German investor DEG, along with the World Bank's International Finance Corporation (IFC) and the Asian Development Bank (ADB), are set to invest $300 million to acquire a controlling interest in Fourth Partner Energy, a renewable energy firm based in Hyderabad.
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.
Odisha govt approves renewable energy projects worth Rs 903 Cr
The panel approved the proposal of HPCL Renewable & Green Energy Ltd to set up a 48-MW wind energy project at Umerkote in Nabarangpur district, while ONGC Tripura Power Company Ltd got the go-ahead to develop a 49.5-MW wind energy project in Astaranga in Puri district, the statement said.
NHPC, ENGIE sign pacts for two 200 MW solar projects in Gujarat
State-owned NHPC and energy solutions provider ENGIE have signed power purchase agreements (PPAs) with Gujarat Urja Vikas Nigam Ltd (GUVNL) for two 200 MW solar projects. NHPC's project will be located within Gujarat State Electricity Corporation's renewable energy park at Khavda, with an estimated cost of Rs 846.66 crore and a completion period of 15 months from the PPA execution date.
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.
JSW Energy inks power purchase agreements via its arms for 1,325 MW renewable projects
JSW Energy has signed power purchase agreements with subsidiaries for wind and solar projects, totaling 1,325 MW. This brings the company's total locked-in capacity to 13.6 GW. The agreements account for 36% of the company's pipeline capacity, aiming to achieve 20 GW capacity by 2030.
Sembcorp files suit against Siemens Gamesa over unsettled arbitration
Sembcorp's India unit has filed a lawsuit in a Bengaluru court to prevent Siemens Gamesa from selling its Indian business assets before settling an ongoing arbitration. The arbitration pertains to alleged default in executing a contract. Sembcorp has sought an injunction over the sale, which includes Siemens Gamesa's shareholding in India.
Juniper Green Energy secures renewable PPAs in Gujarat, Rajasthan
Juniper Green Energy announced on Wednesday that it has signed power purchase agreements for renewable energy projects in Gujarat and Rajasthan. The company has secured an agreement with Gujarat Urja Vikas Nigam Limited (GUVNL) under wind phase VI for a standalone 90 MW wind project in Gujarat. The aim of these projects is to promote renewable energy in these regions.
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.
Adani to invest Rs 2 lakh crore in renewable energy capacity addition by 2030
Adani Group plans to invest Rs 2 lakh crore by 2030 to achieve 40 GW of renewable energy generation capacity, aiming for net zero emissions by 2050. With over 10 GW capacity currently, they aim to add 6-7 GW annually to reach 50 GW by 2030. The investment is estimated at Rs 5 crore per megawatt. Adani Green Energy Ltd has added 2.8 GW capacity in FY24.
Brookfield targets USD 10 billion investments in renewable sector
Canada’s Brookfield Asset Management plans to triple its investments in India’s renewable energy sector to over $10 billion within the next three to four years. The firm is also exploring opportunities in electric vehicles and green hydrogen. With a current portfolio of over 25 GW, Brookfield is the second-largest investor in India’s green energy assets. Through its new Catalytic Transition Fund, Brookfield aims to further its commitment to clean energy and transition projects in emerging economies, including India.
Ireda sanctions Rs 37,354 cr loan in FY24
State-owned Ireda sanctioned Rs 37,354 crore loan and disbursed Rs 25,089 crore in FY24, CMD PK Das announced. The net worth was Rs 8,559 crore by March quarter end.
Shree Cement's installed power capacity touches 1 GW, to focus on green generation
India's third largest cement manufacturer, Shree Cement, announced on Monday that it has achieved an installed power capacity of 1,000 MW. This milestone was reached with the commissioning of a 19.5 MW solar power plant at its Andhra Pradesh unit. The accomplishment involves a mix of solar, wind, thermal, and waste heat recovery power plants.
Govt approves transmission projects worth Rs 13,595 cr
The government approved two interstate transmission system projects costing ₹13,595 crore on Saturday to facilitate the evacuation of 9 GW of renewable energy from Rajasthan and Karnataka. These projects, part of the target to achieve 500 GW of renewable energy capacity by 2030, will be implemented through tariff-based competitive bidding.
Record $1.8 trillion investment in renewables made in 2023 not enough to meet COP28 goals, says EY report
More than 100 countries at the COP28 climate summit in Dubai last year had agreed to triple renewable energy capacity by 2030 and cut down the use of fossil fuel and emissions, a move seen as vital to avert the worst effects of climate change. The pledge made at COP28 is one of the several energy-related announcements that include new measures and funding to combat methane emissions, agreements to cut coal use and nuclear energy promotion.
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.
Waaree Energies bags order to supply 280 MW solar modules to Mahindra Susten
Waaree Energies has secured a 280 MW solar module supply order from Mahindra Susten. The deliveries will start in December 2024. The move comes to support the Mahindra Susten's renewable energy projects in Bikaner, Rajasthan. The agreement involves supplying advanced ELITE Series N-Type TopCon 580Wp modules known for their efficiency.
IOC, GPS Renewables form joint venture for sustainable energy solutions
Indian Oil Corporation (IOC) partners with GPS Renewables Pvt Ltd to establish a joint venture dedicated to advancing biofuel adoption in India.
India likely to add 30-35 GW renewable capacity in FY25
India is set to add 30-35 GW of renewable energy capacity this financial year, surpassing last year's 18.4 GW addition. Renewable sources contributed 71% to the 26 GW power generation capacity added in FY24.
Why it is time to focus on plastic waste recycling and renewables
Efforts are underway to streamline processes, enhance transparency, and create value in the recycling industry. Companies are focusing on sustainability and profitability through efficient resource management.
Indian Biogas Association demands Rs 90 per kg fixed rate for procurement of compressed biogas
The Indian Biogas Association (IBA) is advocating for a fixed procurement price of Rs 90 per kg for biogas by oil and gas marketing companies, aiming to boost the sector and emphasize its environmental benefits. Currently, the procurement price of compressed biogas (CBG) is linked to the retail selling price (RSP) of compressed natural gas (CNG), resulting in a lower price of Rs 59 per kg. IBA believes that CBG should command a premium price of Rs 90 per kg to reflect its environmental value.
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