India requires $6.5 billion to achieve apparel sector’s 2030 emission reduction target through renewables and energy efficiency
A new report by Apparel Impact Institute and Development Finance International Inc. says India needs $6.5 billion in financing to reduce its textile and apparel industry’s emissions by 45% by 2030 through renewable energy and energy efficiency interventions. While around $2.5 billion is available, there is still a $4 billion financing gap in India.
NTPC, ONGC to form renewable and new energy joint venture company
This joint venture company will venture into various renewable energy and new energy opportunities including solar, wind, energy storage, green molecule, e-mobility, carbon credits, green credits, etc.
SECI launches 1.2 GW renewables, storage tender
Solar Energy Corp. of India (SECI) has launched a tender to select developers for 1.2 GW of round-the-clock power from renewable energy projects backed with energy storage systems. Bidding closes on Dec. 16.
Tata Power records its highest ever quarterly profit of INR 1,533 crore
Tata Power has reported a net profit (profit after tax) of INR 1,533 crore in July-Aug.-Sep quarter of FY 2024-25, up 51% year-on-year.
AM Green places India’s largest electrolyzer order with John Cockerill Hydrogen
John Cockerill Hydrogen will supply electrolyzers for AM Green’s one-million-ton green ammonia project located in Kakinada, Andhra Pradesh.
NTPC tenders 1.8 GW hybrid wind-solar power projects
NTPC Ltd is accepting bids from hybrid power generators for supply of 1.2 GW of power from wind-solar hybrid power projects with greenshoe option of additional capacity up to 600 MW.
ANIL’s solar module sales in H1 FY 2025 surpass 2 GW
Adani New Industries Ltd’s solar module sales in the first six months of FY 2025 hit 2,380 MW (1,082 MW domestic and 1,298 MW export).
The Hydrogen Stream: Greenzo Energy unveils 1 MW alkaline electrolyzer stack
Greenzo Energy has unveiled an indigenously designed electrolyzer stack, which, it says, functions reliably across diverse Indian climates. The stack is now commercially available.
Power ministry proposes amendments to tariff-based competitive bidding for solar, wind and hybrid renewable energy projects
The draft amendments released by the power ministry include a reduced PPA period of 15 years, cyber compliance by developers, and insurance surety bonds as a new instrument for establishment of earnest money deposit/performance bank guarantee.
EKI Energy Services registers 24.7 MW floating solar project in the voluntary carbon market
The 24.7 MW floating solar project, developed by Greenam Energy for captive usage, is also said to be the first of its kind to be registered under the verified carbon standard (VCS) globally.
