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Finance

IndianOil turns to gas, not green hydrogen, to reduce Delhi bus emissions

The public sector energy company has opened a compact reformer plant at Delhi Transport Corporation’s Rajghat bus depot. The facility will produce hydrogen-enriched compressed natural gas as a bus fuel. A trial period will see 50 gas-powered buses run on the blended fuel with fuel economy and emissions monitored.

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Borosil Renewables records 65% YoY revenue increase for first half

The Indian solar glass maker posts revenue of INR 168.16 crore for the first half of FY2020-21, generating profits (after tax) of INR 12.19 crore. 

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Fall in off-grid solar sales deprives 5m people of access to clean power

The latest edition of the Global Off-grid Solar Market Report by the World Bank and GOGLA has called for regulatory and financial support to help off-grid distributors create jobs lost to the Covid-19 pandemic.

Startups will get access to high-end R&D infrastructure at academic institutions soon

 To catalyze R&D and make India self-reliant, the government is supporting restructuring of science and technology infrastructure at universities to cater to industries’ high-end requirements.

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Hydrogen needs strong public-private support with policies in place

India is in mission mode on researching different aspects of the hydrogen economy, including hydrogen production, storage and utilization for stationary, power generation and transport applications. The need is to demonstrate the scaled versions at a faster rate. 

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India re-elected as President of the International Solar Alliance

Launched in November 2015, the alliance aims to collectively address key challenges to the scaling up of solar energy in member countries that fall between Tropic of Cancer and Tropic of Capricorn. The Alliance is now supported by 68 member countries, and a further 20 countries are in the process of becoming members.

Odisha tenders for 10 MW of solar in Konark town

Developers have until November 10 to submit bids for the grid-connected, ground-mounted solar generation capacity. The project will be set up on a build-own-operate basis in Kalahandi district to meet the electricity needs of the town.

India could have 20 GW more solar manufacturing

Power Minister RK Singh has revealed interest from manufacturers in developing more production lines even before incentive schemes being drawn up by the government are taken into account.

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India still nowhere near energy sufficiency

The government is trying to harness renewables to increase domestic output but will need a more liberal energy market and to consider the structure of procurement auctions, cloying red tape and the financial travails of state utilities if it is to achieve its goals, says Rakshika Kaul of Amp Energy India.

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Indian-led start-up raises Swiss funding for solar diagnostic tool

Swiss-based SmartHelio claims to have witnessed a near 200% jump in demand for its deep-data driven solar asset management solution, which plugs into solar panels or energy storage systems. Sales of the internet-of-things enabled, cloud product have leapt in the last six months.

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