Sustainability

The Group’s renewable energy business (Adani Green Energy) has a market value of US$15.6 billion, which is 40% more than India’s largest thermal power generator NTPC—a company with 22 times as much capacity. The RE business is of serious global investor interest, but also materially exposed to the wider Group’s environmental, social and governance (ESG) standing. By committing to phased closure of coal plants, Adani Group could lower the risk to global capital access while aligning with the government’s vision for energy independence through fast-growing reliance on renewables.

The Bengaluru-headquartered IT major has become carbon neutral for FY2020 across all emissions, 30 years ahead of the Paris Agreement’s 2050 timeline. The company reduced its energy consumption significantly with energy-efficiency measures, green buildings, renewable energy use, and carbon offset projects in the community to achieve this goal.

The Ministry of New and Renewable Energy is eager to ramp up deployment of solar-powered dryers, cold storage and charkhas across the nation’s 600,000 villages.

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.

The Portal for Renewable Energy Action Assessment Metrics is an online rating system which enables businesses to self-assess their renewable energy consumption.

Heavy industry players Dalmia Cement (Bharat) and Hindalco are among the companies committed to enhancing energy efficiency, renewable energy, and circular economy across their member companies and supply chains. Other signatories included Siemens Energy India, Thermax, Shell Group of Companies India and Tata Consulting Engineers.

The Department of Science & Technology (DST) under India’s Ministry Of Science & Technology seeks to fund promising R&D projects in solar panel and battery storage waste disposal and recycling. Call for proposals closes on November 15.

German tech company Tube Solar AG has secured €10.8 million to develop its cylindrical agrivoltaic modules. The lightweight devices could also be used on roofs until now considered unsuitable for PV.

The second phase of the Faster Adoption and Manufacturing of (Hybrid) and Electric Vehicles program offers purchase incentives for electric and hybrid vehicles and also supports charging infrastructure.

Solar panels at the railway coach manufacturer’s three factories in West Bengal will cover approximately 50,000 sq m of roof space and generate around a quarter of the power used by the company each year.