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India at COP27: In need of investors’ confidence to achieve climate financing goals
India is one of the most vulnerable countries to the impacts of climate change, ranking 7th out of 181 according to the Global Climate Risk Index 2021. According to CDP India data, the financial impact of climate-related risks to Indian companies was estimated at INR 2,843 billion, whereas climate-related opportunities were cited at INR 31,281 billion in 2022. The numbers have drastically changed in two years.
IndiGrid reports robust Q2 performance
The consolidated revenue for the quarter was up 6% YoY in Q2 FY23 to INR 5,807 million while the consolidated EBITDA also increased by 6% YoY to INR 5,354 million.
NIIFL and JBIC sign an MOU to enhance Japanese investments into India
The MOU outlines a partnership framework between NIIFL and JBIC which is considering the establishment of a bilateral India-Japan Fund (IJF). JBIC and the Government of India will invest in the India-Japan Fund, which will make equity investments in environmental preservation and low carbon emission strategies.
Union finance minister approves India’s first sovereign green bonds framework
The proceeds generated from issuance of such bonds will be deployed in public-sector projects which help in reducing carbon intensity of the economy.
HRIDC signs agreement with REMCL to develop renewable energy
Under the agreement, the two companies will collaborate to explore areas of renewable energy projects (wind, solar and hybrid) related to net-zero carbon emission targets of the Indian Railways.
Renon launches India’s first dedicated 2WEV platform ‘ALPHA’
This Li-ion battery pack is built with NMC chemistry and has a nominal voltage of 50.4 V and rated energy of 2.01 kWh and it can be extended to the LFP chemistry platform with the same footprint.
COP27 should make headway on climate finance and loss and damage: TERI delegation to Sharm el-Sheikh
With the 27th session of the Conference of Parties (COP) opening at Sharm el-Sheikh in Egypt over the weekend, the delegation from the New Delhi-based The Energy and Resources Institute (TERI) to the session underscored the need for the global climate negotiations to adopt a people-centric approach, and make headway on long-standing issues of climate finance and loss and damage.
Order for Wärtsilä’s future-proof gas engines reflects India’s shift towards cleaner power generation
The technology group Wärtsilä will supply a gas-fuelled 15.5 MW captive power plant under an engineering, procurement, and construction (EPC) contract along with a 5-year Operation & Maintenance (O&M) agreement in Chennai, Tamilnadu, India.
Vedanta BALCO successfully tests biodiesel as green fuel alternative for its aluminium smelter
Bharat Aluminium Company Limited (BALCO), India’s iconic aluminium producer and a subsidiary of Vedanta Aluminium, has successfully conducted trial runs for using biodiesel in smelter operations.
Global solar panel cleaning market to reach $1.1 billion by 2031
Massive demand for energy and escalating environmental awareness to boost the growth of the global solar panel cleaning market. Furthermore, governments across the globe are promoting the use of solar energy and this is projected to create new growth opportunities for the global market.
