Daily News Wrap up: Corporate India Lagging Behind In Renewable Energy Adoption: Report

RENEWABLE ENERGY NEWS

Corporate India Lagging Behind In RE Adoption: Report

India’s leading companies are dragging their feet when it comes to meeting the country’s ambitious renewable energy and decarbonisation goals, according to analysis by think tank Climate Risk Horizons (CRH). The industrial sector accounts for more than half of India’s energy consumption, making corporate action...Read more .

India Reduces AT&C Losses From 22.62% To 15.40% In 10 Years: Minister

India’s renewable energy installed capacity has recently surged to 4,46,190 MW in June 2024, up from 2,48,554 MW in March 2014, according to data shared by Minister of State for Power, Shripad Naik. In a written reply to the Parliament, the Minister noted: “India’s total installed...Read more .

UPERC Proposes To Change Eligibility Criteria For Open Access

The Uttar Pradesh Electricity Regulatory Commission (UPERC) has now come up with a new draft regulation to bring amendments to its Open Access Rules of 2019. It has asked the stakeholders to submit their responses to the draft regulations by August 29, 2024. The state...Read more .

Green Energy Stocks On July 30 – Waaree, Suzlon In Demand

The firm might not have declared it, but the market clearly has high hopes from Waaree Renewable Technologies Q1 results. The stock was up 5%, after initially treading bottom at 5% down in the opening hour. On a mixed day otherwise, Wind energy stocks, particularly...Read more .

Shakti Pumps Plans To Go Bullish On PM-Kusum (Comp. C)

Buoyed by the benefits of grid-connected solar pumps, Indian solar pump company Shakti Pumps is now planning to go bullish towards Component C of PM-KUSUM scheme. Last year, the Ajmer discom awarded a project to Shakti Pumps to replace grid-connected pumps with grid-connected solar pumps...Read more .

Offshore Wind Power Emerges Out of Shadows

The world of renewable energy is diverse, including solar, hydroelectric, geothermal, and biomass. Among these, wind power is among the most efficient and scalable clean energy sources. Offshore wind energy farms promise higher energy yields and are far from residential areas, reducing noise and visual...Read more .

Carbon Credit Market to Soar: From $267.8 Billion to $1.2 Trillion by 2029

Despite the scandal involving Shell and 5.7 million tons of fraudulent carbon credits earlier this year, efforts from the carbon credit industry continue to show results, with the latest BCC research study showing an expected growth from $267.8 billion in 2023 to $1.2 trillion by...Read more .

News In Brief July 30: Vestas Offshore Wind Farm, IFC Lent $1Bn, Siemens’ Hydrogen Project

Vestas Secures 795 MW Offshore Wind FarmVestas has received a wind turbine order for the OranjeWind offshore wind farm, formerly known as Hollandse Kust West VII, in the Netherlands. Vestas is responsible for the supply of 53 V236-15.0 MW wind turbines and for the supply,...Read more .

Oriana Power Receives 10 MW Solar Project From Tamil Nadu

Delhi-based Oriana Power has secured a 10 MW solar project in Tamil Nadu. The company plans to execute the project during the financial year 2024-25. The company's project order size is Rs. 37.18 crore. Earlier this week, Oriana Power secured a new solar plant project...Read more .

Oman Attracts 10 GW Module/Cell Facility From Q-Sun

Countries in West Asia continue to focus on solar capacity as well as manufacturing with some success. The latest to join the manufacturing bandwagon in the sun drenched region is Oman, where Chinese solar manufacturer Q-Sun Solar has signed a deal to develop a 10GW...Read more .

EV'S & STORAGE NEWS

India To See 9.17% Growth In EV Sector Workforce: TeamLease

TeamLease's recent survey points towards a transition in the employment structure within the power and energy sector, particularly in the electric vehicle (EV) segment from April-September 2024-2025. TeamLease presented its 'Employment Outlook Report' for the first half of the fiscal year 2024-25 where it analyzed...Read more .