Diageo India’s ESG Reporting Index 2024 showcases the company’s progress in its “Spirit of Progress” ESG action plan, focusing on positive drinking, inclusion, diversity, and sustainability
ReNew Power will invest about Rs 2 crore to solarize the Akshaya Patra Foundation kitchens, with completion estimated two months after construction begins
According to PwC India research, 93% of Indian manufacturers aim for sustainability with 2-3x profitable growth through Industry 5.0
NTPC developed the advanced solar hydrogen microgrid system that uses hydrogen for energy storage, providing 200kW of continuous power year-round
A WEF report states that the MENA region can achieve its sustainability goals with active participation from the private sector and strong government support.
Prescinto uses AI for advanced automation, analytics, and monitoring to manage clean energy and storage assets, optimizing operations for renewable energy
As a part of the MoU, GSTC will issue certificates to the HAI members who practice and promote best practices for sustainable tourism
India’s union minister highlighted the country’s progress in green shipping and renewable energy transition at an international conference
GAIL and AM Green will jointly develop solar/wind hybrid RE projects to supply renewable energy – round the clock
Vivriti Capital will use atleast 30 percent of the funds for EV financing, including charging stations and battery swapping stations.
Zetwerk Manufacturing has secured a 1,515 MWp order from NTPC for the production and supply of ALMM-compliant solar PV modules.
Ambuja Cements plans to invest Rs 100 billion in RE projects, including 1 GW capacity and 376 MW waste heat recovery system.
CEEW, the independent think tank has raised some eye-opening questions regarding India’s RE target achievements.
India Inc. has pledged Rs 32.45 lakh crore for renewable energy projects till 2030, aligning with India’s target of 500 GW.
The project is a $2.65 million new Climate Pledge initiative to support over 5,500 EVs by 2030 by addressing infrastructure gaps.
Coal India to expand its RE capacity by adding 5 GW by 2028. Additionally, the company is also looking to set up pump storage projects.
The Cabinet has approved a modification to the budgetary support scheme for enabling infrastructure for Hydro Electric Projects, totaling Rs 12,461 crore.
NTPC has awarded a 1,166 MW wind energy project to the Suzlon Group; signed MoU with ICC to set net-zero standards.
The Indian Railways Board aims to achieve net zero status by primarily utilizing renewable energy sources for energy supply, nationally
ONGC has submitted a tender for one GW of renewable energy. Also established ONGC Green (OGL) as a new subsidiary to manage the assets.
Microsoft aims to achieve carbon-negative status by 2030 by producing over a million green energy attributes annually through this contract
L’Oréal India has transitioned all its operations in India, including manufacturing facilities, research and innovation centers to 100% renewable energy
The Green Tug Transition Program is a pivotal initiative towards realizing our vision of a sustainable and green maritime sector in India
Last fiscal, the ICICI Bank propelled its SDG Journey a step further. Here are some initiatives that stand out
IGIA has achieved its target by adopting renewable energy, developing green airport infrastructures, promoting electric vehicles, and implementing zero waste to landfill programs
Private sector companies like Adani Power, JSW Energy, and Tata Power are refocusing on thermal power to meet rising electricity demand
Indian corporates are falling short of their decarbonization targets; only 5% of their yearly electricity consumption comes from RE
The first few Low Carbon Pioneer hotels span across Holiday Inn Express Madrid Airport, Iberostar Waves Cristina, and Kimpton BEM Budapest
Amazon has achieved 100 percent RE target seven years ahead of the set goal. Here are the five ways in which the company achieved its target
The investments are aimed at advancing sustainability, spurring clean energy growth, and supporting India’s renewable energy targets
There has been a lot of activity in the fight against climate change between the interim budget and the final budget scheduled for July 23
As per IRENA statistics, despite rapid growth, the world may fall short of the triple renewable energy target set at COP28
AM Green will receive 4,500 MW of carbon-free RE for its green ammonia facilities, integrating pumped hydro storage with solar and wind power
S N Subrahmanyan outlined plans to enhance green energy capacity, encourage women’s participation in the workforce and community development
The growing economy and rising temperatures will further push peak power demand in the coming years.
GAIL is promoting sustainable development, by advancing its emission reduction in India’s booming energy sector
The Maharashtra government plans to offer solar pumps for free electricity generation to farmers and finance e-rickshaws for 10,000 women
Clearnech will use the green finance loan for the open-access solar and wind park development and operation projects
The alliance aims to aid the government in achieving 500 GW of renewable energy capacity by 2030 and making solar energy solutions accessible
CRISIL highlights a surge in auctioned capacity, rising from 12 GW in FY23 to a significant 35 GW in FY24, reflecting a 2.5-fold increase
India’s carbon emissions are expected to rise due to increased industrial use of fossil fuels, necessitating a bottom-up approach
India’s population is already grappling with the impacts of climate change, with over a third considering or moving due to weather events
India’s farm-gate emissions are the primary source of greenhouse gas emissions in the agrifood system according to a WB report
Clean energy ETFs are experiencing a resurgence, outperforming those centered on oil and gas exploration and production
Growing interest in environmentally responsible investments and India’s potential as a green finance market is driving green bonds demand
The University of Sheffield research predicts that barring four, the UK and G20 countries will have a negative ecological footprint by 2050
The partnerships aim to provide knowledge support in critical minerals, crucial for India’s low-carbon energy transition
The initial $875 million commitment will be used for green data centers that utilize renewable energy to minimize environmental impact
A resilient supply chain policy will enable the RE value chain to enhance TAT and reduce lead times but also impact project costs
Dubai faces a potential economic washout as historic rainfall cripples infrastructure, exposing the region’s vulnerability to climate change
Achieving net-zero doesn’t require a magic bullet; it requires coexistence of various energy technologies in our energy basket.
Maharashtra leads the nation in EV adoption, with a 130% increase in electric cars, two-wheelers, and buses
Climate change is a costly affair; in terms of L&D to property, adverse impact on the lives of people, and the overall health of our planet
The initiative promotes a shift towards solar water pumping, resulting in a ToD tariff benefit and a reduction of 21 tonnes of carbon
TERI has successfully completed a pilot project in Kanpur, effectively treating wastewater and effluent discharge from textile units
The RE segment in India is focused on solar power due to its dominance. Other alternatives are also gaining momentum
India’s dynamic grid and green transmission corridors help integrate and enhance renewable energy capacity, overcoming challenges
India aims to deploy renewable energy to advance economic development, improve energy security, and mitigate climate change
More than a thousand people attended the first day of PowerElec Nigeria which reflected their interest in the renewable energy
By 2030, each state must meet 43.3% of its power demand from renewable energy; grid infrastructure availability and compliance are the key
Despite initial concerns about the hurdles in sustainable energy, India’s 2070 net-zero goal is gaining traction due to recent policy actions
Consumers are hesitant to invest in sustainable energy, despite high awareness, due to affordability and access barriers
The captive solar plant will produce about 40 million units of power and offset more than 30,000 tonnes of CO2 emissions
CIAL has announced strategic agreement with BPCL to establish the world’s first green hydrogen plant in an airport
The new policy is part of the government’s efforts to promote RE adoption and green hydrogen use, per the National Green Hydrogen Mission
India aims to increase natural gas’s primary energy mix from 6% to 15%, making it the third largest global energy consumer
Cochin Shipyard has strengthened its footprint in the high-end global renewable energy segment with the new SVO contract
Union Finance Minister Nirmala Sitharaman may allocate funds for India’s sustainable future in tomorrow’s budget, despite potential populist sentiment.
Green hydrogen, when achieves its potential in generation clubbed with demand from industry, can put India truly on an energy transition
Water availability is a growing challenge with fast-depleting sources. But amidst the crisis, organizations like Maithri Aquatech are taking efforts to provide clean potable water to all the corners of the country.
American Solar Company, First Solar, Inc. has entered into a 15-year, captive Power Purchase Agreement (PPA) with Cleantech Solar.
ReNew Solar’s sale aligns with investor interest and strategy, generating $82 million in cash inflow.
TotalEnergies’ joint venture investment in Adani Green includes a 50% stake in a portfolio of more than 1 GW of solar and wind projects
IREDA emphasized the importance of dual financing to MSMEs in RE in a session organized by the CII and ISA
As a part of decarbonization agreement, DP World and PIL will jointly develop green supply chain solutions for global operations
Three winners were announced during the conclusion of the sustainability innovation challenge organised by the OCBC bank of Singapore
I believe that logical and practical decisions made by countries may differ from the promises made at COP28
The tool allows users to conduct custom valuations of existing and planned power plant assets, simulate the impact of plant acquisitions and divestments, track portfolio progress to Net Zero goals, and quantify physical and market risks.
Is ESG being pushed over to maintain profits? It is time, ESG is dusted off the silos and integrated into the mainstream
GHIAL has achieved level 4 transition accreditation for carbon management signifying its alignment with global climate action goals
Globally, more than 70% farmers have seen large impacts of climate change on their farm, a new research has revealed
The cost of Green Hydrogen would be cheapest in India and that the Green Hydrogen would become a viable energy storage alternative
The centre on Wednesday announced Rs 3,760 crore viability gap (VGF) funding to boost infrastructure for battery energy storage systems (BESS) projects in India
The Ministry of Power has released a detailed framework to reshape the nation’s energy sector, to boost energy storage systems (ESS)
A day after IREDA partnered with IIFCL, it has signed MoUs with the Union Bank of India, Bank of Baroda to finance RE projects
Indian IREDA has signed a MoU with IIFCL to finance renewable energy projects and boost the GoI endeavor for clean and green India
The two Maharatnas have partnered for RE, green hydrogen and its derivatives, and decarbonization initiatives, including using geothermal energy and carbon sequestration
The B20 India has already commenced work on a series of discussions and recommendation proposals related to, among others, policy recommendations and interventions required to promote and accelerate technology, innovation and R&D across all industry sectors and identify strategies for mass adoption.
Jindal Stainless, the third largest private steel producer, is working at reducing Scope 3 emissions. With this, the company is ready for European Union’s Cross Border Adjustment Mechanism (CBAM) for EU’s carbon tax. While the company has made significant progress against its ESG metrics, it is preparing for EU’s carbon tax by reducing Scope 3
Though India has advanced in renewable energy capacity addition through wind and solar, considering its infirm nature and low PLF, nuclear energy becomes a much more economical choice for the country.
ICICI Bank is aligned with the government’s push in areas like renewable energy, green hydrogen, electric mobility, sustainable buildings and water security
In a bid to advance climate strategy, advocate carbon emissions, and reduce greenhouse gas emissions in line with the Paris Climate Agreement’s 1.5-degree Celsius scenario by 2050, the Global Steel Climate Council (GSCC) has established Global Steel Climate Standards (GSCS). The standards are based on the principles of reducing global steel industry GHG emissions, establishing
The Indian Railway which has been at the forefront in adopting green technology is planning to operate 35 hydrogen fuel cell trains on the Northern Railway. A pilot project to retrofit a diesel electric multiple unit (DEMU) rake with a hydrogen fuel cell and the related ground infrastructure has already been approved by IR. The
The Indian steel industry has been making significant progress toward sustainability
A new Sustainability at Work survey carried out by Adobe throws interesting insights into the sustainability trends in Indian workplaces. The report also drew a `now global conclusion’ that the youth (between 25 to 34 years and the millennials are driving sustainability practices at the workplace. On their part, enterprises too have embarked on their
AM Green Energy, a joint venture between ArcelorMittal and ArcelorMittal Nippon Steel India, has placed 166 MW wind turbine order with Siemens Gamesa in India.
Adani Green Energy Ltd (AGEL), the renewable energy arm of the diversified Adani portfolio companies, has been certified Water Positive by DNV, an independent global assurance agency. AGEL’s Water Balance Index for operating plants with more than 200 MW capacity (Tamil Nadu, Rajasthan, Karnataka, Gujarat and Andhra Pradesh), is 1.12 (Positive). The company has surpassed
The Bureau of Indian Standards (BIS) has rolled out standards and tests for EV charging infrastructure, and requirements for battery swapping systems. As of January 23, 2023, India had 5,254 public electric vehicle (EV) charging stations, to cater to 20.65 lakh EVs. The India Energy Storage Alliance (IESA) in its 3rd edition of the 2022
India aims to achieve 500 GW of renewable energy capacity
India aims to reduce 1 BT of carbon by 2030 and achieve net-zero by 2070 As a medium-term target, India has set to add 500 GW of renewable energy to its energy basket by 2030. This will include 280 GW of solar energy, 140 GW of wind energy, and 10 GW of biomass energy.Carbon credits
As the world’s second-largest cement producer after China, let us look at how Indian cement manufacturers progress on their RE 100 EP 100 commitment.
only 41% of projects awarded by SECI during fiscals 2018-21 got commissioned till December 2022. 23% were cancelled and the balance was delayed on account of issues in land acquisition, and evacuation and supply-side constraints.
Global leaders at the recently concluded World Sustainable Development Summit (WSDS) emphasised the need for sustainable finance to fuel green growth. The speakers emphasised the lack of new instruments to facilitate long-term lending to fuel green growth, particularly in emerging economies and least-developed countries. Among the speakers, here’s a round-up of what six key global
Industry bodies are drafting wishlist for Union Finance Minister’s consideration.
Renewable Energy Turbocharged
IIT Madras researchers have invented an ocean wave energy converter that generates electricity
Jindal Stainless has partnered with ReNew Power to set up a 300MW renewable energy project
Latest reports suggest that the country’s RE developers raised more than $15 bn through overseas green bonds.