Markets & Policy

ESG (environmental, social, and governance) measurement is often inconsistent, as there are multiple ESG rating agencies, sustainability reporting standards and data providers and all deploy their own methodologies and parameters. That makes it challenging for the investors and other stakeholders to evaluate critical ESG metrics and make well-informed choices.

Considering India’s energy demand doubled between 2000 and 2020 and is set for a tremendous surge to the tune of 73 exajoules (EJ) by 2050, we really have to focus on achieving sustainable energy security for decades to come. This systemic transformation won’t come merely with government directives or policy measures but would warrant a mindset change towards sustainability.

The next five years will witness a transformative shift in India’s energy landscape, positioning the country as a global leader in energy storage innovation, says Saurabh Kumar, vice president-India, GEAPP (Global Energy Alliance for People and Planet), in an interview with pv magazine.

Avaada Group plans INR 1 lakh crore ($12 billion) investment to set up a 1.2 GW pumped hydro storage project, a 1 mtpa green ammonia project, a 1 GW wind power project, and a 10 GW solar power project in Rajasthan.

Lawyers are doing brisk business as tunnel oxide passivated contact (TOPCon) solar technology moves into the mainstream. A series of patent infringement cases have been launched in the United States and Europe and their impacts are reverberating through the marketplace. How likely is it that winners will emerge?

The green energy sector in India has been showing strong performance, and so are the green energy stocks. And everyone wants a piece of the pie.

NTPC Green Energy Ltd and Mahatma Phule Renewable Energy and Infrastructure Technology (MAHAPREIT) have agreed to form a joint venture company to undertake development of 10 GW of renewable energy parks and projects in Maharashtra or any other state of India.

The Solar Energy Industries Association (SEIA) submitted a draft industry standard to help companies comply with Customs and Border Patrol (CBP) traceability requirements for solar component imports.

Advait Energy Holdings has made a further investment in the Norwegian company TECO 2030 that develops PEM hydrogen fuel cell stacks and PEM hydrogen fuel cell modules. 

Spanish developer Zelestra has raised €132 million financing for its 435 MW solar plant in Gorbea, Rajasthan. The financing has been signed with HSBC, Credit Agricole, MUFG and Bank of America.