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Maharashtra Gets Rs 1.29 lakh crore Boost for RE

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Maharashtra has secured a substantial boost for its renewable energy sector. The state government has signed seven Memorandum of Understandings (MoUs) with various companies, involving an investment of Rs 1.29 lakh crore and creating over 37,000 jobs, including three under the pumped storage power scheme and four in the clean and green energy sector.

In the first instance, the state has signed four different MoUs with SJVN, MahaGenco Renewable Energy Ltd, RECPDCL, THDC and HPRGE-HPCL, collectively valued at Rs 47,500 crore for renewable energy generation.

The projects will be in line with the state government’s aim to achieve 50 percent renewable energy by 2030. The development of these projects will create 18,828 jobs, said Devendra Fadnavis, Deputy Chief Minister, and Energy and Irrigation Minister.

The projects:

In the first instance, RECPDCL – REC will collaborate with the state government to develop commercially viable renewable energy projects, including a 500 MW hybrid project with an initial investment of Rs 3,000 crore, generating 1,663 jobs.

The second project with THDCIL-THDC involves developing renewable energy projects in the state, with an investment of Rs 29,329 crore, generating 14,130 direct and 4,250 indirect jobs.

The MoU with HPRGE-HPCL Renewable and Green Energy Limited Company is to develop a 50 KTPA green hydrogen and its derivative plant at MahaGenco’s gas-based power project in Uran in Raigad district.

This will be developed through a joint venture company with an investment of Rs 12,000 crore. The project will create 1,635 direct and indirect jobs.

SJVN is partnering with MahaGenco to develop a floating solar plant on Lower Wardha Dam, with a 51:49 equity participation. The project, estimated to cost Rs 3,030 crore, will generate 1,400 jobs and utilize power transmission infrastructure.

DCM shares:

“MoUs were signed for power generation of 15,100 MW under a pumped storage scheme, with an investment of around ₹82,299 crore. This initiative will create employment for 18,440 people. Maharashtra has made significant progress through this scheme, and today’s MoU marks an important step toward a greener and cleaner energy future for the state,” Mr Fadnavis said.

“After these MoUs, Maharashtra will significantly enhance its generation capacity under pumped storage and it will reach 55,970 MW, with a total investment of around ₹3 lakh crore, creating approximately 90,000 employment opportunities. This will also position Maharashtra as a future leader in the PSP policy.”

“The signing of 4 MoUs with a staggering investment of around ₹47,000 crore, will generate approximately 19,000 employment opportunities. Sectors such as ARI, green hydrogen, and green ammonia will enhance green energy initiatives and help Maharashtra progress towards its goal of using 50 percent clean energy by 2030. Green energy generation is essential today, as it represents a step forward toward Hon PM Narendra Modi Ji’s dream of achieving net zero. Maharashtra has a strong track record with its MoUs, consistently maintaining a national average of 60 percent success rate. This marks an important move to transform MoUs into actionable outcomes. Our Govt will extend all required support.”


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Sunsure Energy to Supply Green Power to Kirloskar Brothers

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Sunsure Energy will supply 2 crore units of clean power annually to Kirloskar Brothers’ manufacturing facilities, reducing their carbon footprint by 14,200 metric tonnes.

Sunsure Energy has signed an agreement to supply 2 crore units of clean power to Kirloskar Brothers annually.

In a statement, Sunsure Energy said it has signed a 13.5 MWp solar Open Access Power Purchase Agreement (PPA) with Kirloskar Brothers Ltd (KBL).

“Through this agreement, Sunsure Energy will supply nearly 2 crore units of green power annually to KBL’s manufacturing facilities in Kirloskarvadi (Dist – Sangli) and Kohlapur,” the company said.

The solar power supplied under the agreement will help KBL meet around 75 percent of its energy requirements for both facilities from clean, and renewable sources.

This transition will also allow KBL to offset 14,200 metric tonnes of CO2-equivalent emissions annually, reinforcing their strong commitment to reducing environmental impact, it said.

Founded in 2014, Sunsure Energy is a renewable energy solutions provider for businesses transitioning to green power.


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Indian Railways Outlines Net Zero Journey

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The Indian Railways is making significant strides towards achieving net zero carbon emissions by 2030, the Railway Board said.

The Board is striving to achieve net zero status for railway premises nationwide, primarily utilizing renewable sources for energy supply.

It outlined some initiatives in a statement:

  • The Northeast Frontier Railway zone of Indian Railways has successfully converted its buildings to net zero carbon emission structures. The Ministry of Power’s Bureau of Energy Efficiency (BEE) has recognized six net zero energy buildings in the zone with the ‘Shunya Label.
  • From 2014 to 2024, Indian Railways’ solar and wind energy production capacity has significantly increased, surpassing 238 MW and 103 MW respectively, compared to their pre-2014 levels.
  • The IR is utilizing renewable energy to operate trains and power over 1,950 railway stations and buildings across the country.

“These figures demonstrate that under Prime Minister Narendra Modi’s leadership, significant efforts to increase renewable energy production have been made, with Indian Railways contributing substantially to the expansion of solar and wind energy capacities,” the Board said.

It also detailed plans to operate trains using green energy, citing rapid growth in renewable energy production. This will help achieve Net Zero Carbon emissions and contribute to environmental conservation, it said.


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ONGC’s 1GW Renewable Energy Push

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India’s largest oil and gas producer, Oil and Natural Gas Corporation (ONGC), has plans to expand its renewable energy portfolio.

The company has adopted a two pronged strategy for the same. One, ONGC has submitted a tender for one gigawatt of renewable energy. Secondly, it has established ONGC Green (OGL) as a new subsidiary to manage these assets.

OGL will oversee the company’s renewable energy initiatives, including solar, wind, hybrid, hydropower, tidal, geothermal, biofuels, biogas, green hydrogen, energy storage, carbon capture, and LNG sectors.

ONGC Chairman and CEO A.K. Singh said, “If we secure one GW this year, it will be through inorganic means. Our goal for this year is to exceed one GW through such methods”.

It must be noted that the company has plans to invest Rs 2 trillion in renewable energy to offset 9 million tonnes of carbon dioxide equivalent (CO2e) being released into the environment every year, and achieve net-zero emissions by 2038. Investments include:

  • Offshore wind: ONGC plans to install 0.5 GW of offshore wind capacity by 2030, 1 GW by 2035, and an additional 1 GW by 2038.
  • Pump storage plants: ONGC plans to invest in 3 GW of pump storage plants to ensure electricity supply during low renewable energy availability.
  • Green hydrogen and green ammonia: ONGC plans to invest in a green hydrogen or green ammonia plant by 2035.
  • Gas flaring: ONGC plans to cut gas flaring to zero by 2030.
  • Biogas and carbon capture: ONGC plans to invest in biogas and carbon capture technologies.

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ReNew, Microsoft Ink 437.6 MW Green Energy Contract

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ReNew and Microsoft have signed a 437.6 MW green energy sale contract.

Microsoft aims to achieve carbon-negative status by 2030 by producing over a million green energy attributes annually through this contract.

ReNew plans to allocate $15 million of contract revenue to a community fund. The endeavor aligns with Microsoft’s Environmental Justice priorities.

Puneet Chandok, President, India & South Asia, Microsoft, said, “Microsoft has ambitious renewable energy and decarbonization goals. This agreement with ReNew accelerates our progress towards these goals while benefiting local communities through rural electrification and improving women’s livelihoods.”

Sumant Sinha, Founder, Chairman, and Chief Executive Officer, ReNew, said, “As a sustainability-first organization, a just energy transition is integral to ReNew’s mission of creating a better world. This agreement will help us fulfil our commitment to the communities we operate with and address some socio-economic aspects related to climate change.”


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India Charts Green Energy Strategy at US-India Bilateral Meet

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Green energy was at the forefront during at recently concluded bilateral meeting on US-India Civil Nuclear Commerce in New Delhi.

Union Minister of State for Science and Technology, Dr. Jitendra Singh, emphasized the Green Hydrogen Mission as a cornerstone of India’s strategy to decarbonize heavy industries, transportation, and power generation.

He said that attaining the global climate goals and promoting innovation in clean technologies depend on this effort. India has established robust policy frameworks and international partnerships that will position it to spearhead the shift towards a sustainable energy future.

Dr Singh highlighted the importance of global supply chains in sectors like semiconductors, pharmaceuticals, and clean energy technologies. He spoke about the Indian government’s investment in research, development, and regulatory frameworks for Small Modular Reactors.

According to him, India has pledged to implement Prime Minister Narendra Modi’s “Panchamrit” climate action plan. The aim is to increase non-fossil energy capacity, reduce carbon emissions, and achieve net-zero emissions by 2070.

Dr. Ravi Chandran, Secretary, Earth Sciences, highlighted advancements in ocean energy and Carbon Capture, Utilization, and Storage (CCUS) technologies.

Dr. Rajesh Gokhale, Secretary, the Department of Biotechnology, emphasized India’s advancements in biomass-to-energy conversion and the successful implementation of biofuels.

Professor Abhay Karandikar, Secretary of the Department of Science and Technology, underscored India’s advancements in emerging technologies like data analytics, AI, and machine learning.

Dr N Kalaiselvi, Director General of CSIR, underlined advancements in lithium-ion battery development and indigenous battery manufacturing, emphasizing the need for sustainable and circular energy storage solutions.


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GOI Planning Rs 15,000 Crore Green Initiative for MSMEs

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The Indian government is planning a Rs 15,000 crore green initiative for the micro, small, and medium enterprises (MSMEs) to boost recycling and efficiency.

A specialized organization will guide the MSMEs in their shift to green energy and create tailored policies.

The initiative will boost competition in the global market by providing financial incentives, capacity building, and policy support.

A new e-marketplace for recycling is expected to be established, facilitating seamless information exchange between manufacturers and waste collectors.

The scheme is expected to focus on energy efficiency and alternative fuels, with the Bureau of Energy Efficiency (BEE) potentially involved in assessing emission levels and establishing baseline measurements.

The initiative will launch by early 2025 and will focus on establishing material recovery facilities (MRFs) and managing post-consumption product treatment.

The scheme is being developed with contributions from various stakeholders, including the Ministry of New and Renewable Energy, the Ministry of Environment, Forest, and Climate Change, and the Ministry of Power, according to a report in a leading daily.

 


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Tata Power to Invest Rs 20,000 crore for Renewable Energy

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Tata Power has plans to invest Rs 20,000 crore for renewable energy.

The investment spans the company’s objectives to advance sustainability, spur clean energy growth, and support India’s RE targets.

N. Chandrasekaran, Chairman, Tower Power during the 105th annual general meeting, said, “Tata Power plans to invest ₹20,000 crore capex in FY25. This is over and above the ₹12,000 crore invested in FY24. A large part of this will be towards accelerating the company’s renewable energy portfolio and balance towards transmission and distribution businesses.”

As soon as the government grants the required authorizations, the business will also explore prospects in small modular nuclear reactors, he said.

The green energy transition:

According to him, the Tata Group company is well-positioned to spearhead India’s transition to green energy, with an emphasis on offering 24/7 renewable energy, particularly to commercial and industrial (C&I) consumers.

Under the PM Surya Ghar Yojana, the company also hopes to grow its market share in the rooftop solar industry and expand its portfolio of RE sources from 9 GW to 15 GW in five years.


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New L&T CMD S N Subrahmanyan Outlines ESG Plans

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Mr. S N Subrahmanyan, who replaced AM Naik as the CMD of L&T outlined the company’s ESG plans during his inaugural speech at the company’s 79th AGM.

The CMD outlined plans to enhance green energy capacity, encourage the participate of women in the workforce and community development.

He said the company is eyeing opportunities in the green energy sector and is leveraging technologies like AI and IoT to create new opportunities.

“L&T has digitally connected over 15,000 assets across its global projects and manufacturing bases to a central IoT platform. All these initiatives enable the company to make project execution faster, safer, cleaner, economical and more sustainable,” Mr S N Subrahmanyan said.

The renewable energy thrust:

Mr Subrahmanyan outlined various projects the company carried out in FY2023–2024 as part of its For A Better World vision.

These include electrifying over 3,400 track km of mass transit systems, commissioning 2.2 GW of solar capacity, 6.2 GW of nuclear power, 3.5 GW of hydroelectric power, and creating 14.8 million square feet of green buildings.

It must be noted that the company had last year announced its plans to invest $12 billion over the next five years will on green energy.

L&T will also contribute a minimum of $2 billion to its inaugural green hydrogen project as part of the same. With an investment of almost $4 billion, the company hopes to have a capacity of 2-3 million tonnes of green hydrogen and ammonia, Mr Subrahmanyan said.

Women in the workforce and community development:

L&T aims to increase the participation of women employees in the company to 10 percent by FY2025-26. It has launched exclusive career-assisting schemes for females and women-friendly facilities in offices.

The company has benefitted more than 1.6 million people. It has planted 4 million saplings globally and helped build resilience in rural communities through its Integrated community development programme, the CMD said.


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3 Reasons Why India Relies on Coal to Address Peak Power Demand

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India’s solar power generation grew at the slowest pace in six years in the first half of 2024.

A review of daily load despatch data from Grid-India revealed that the country stepped up reliance on coal to address surging power demand.

As per the analysis, the amount of electricity generated from coal increased by 10.4% during the six months ended June 30, surpassing the growth of 9.7% in total power generation during that time.

Three reasons why India’s reliance on coal has increased:

• India has made coal a priority in order to meet the spike in power demand in recent years. Last year, coal-fired power output surpassed renewable energy output for the first time since the 2015 Paris Agreement, Grid-India said.

• The share of the fossil fuel in power output rose to 77.1 percent in the first half of 2024, compared with 76.6 percent in the same period last year, putting it on track to rise for the fourth straight year.

• Following the Covid-19 pandemic, India’s fuel consumption has largely followed regional trends, with countries like Bangladesh, Indonesia, the Philippines, and Vietnam burning coal for cheap power.

Back to solar?

India’s total electricity generation during the fiscal year ended March 2025 is forecast to be powered by an 8.9 percent growth in coal-fired power output, outpacing renewable energy growth of 8.2 percent

However, analysts expect renewable power generation to grow faster from the next fiscal year, as tendering and commissioning of green energy projects have started picking up steam.

In the first half of 2024, India, the third largest solar power producer, generated 63.6 billion kilowatt-hours, a 14.7% increase from the previous year and 18.5% from 2023.


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India’s Port Sector must Decarbonize Operations Value Chain

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The Maharashtra Maritime Board has called for public and private stakeholders in the port sector to collaborate in decarbonizing the entire chain of port operations.

The emphasis on decarbonization aligns with environmental goals and positions India’s port sector as a frontrunner in global efforts towards cleaner and greener energy solutions.

Praveen S Khara, Chief Port Officer, Maharashtra Maritime Board, highlighted the state’s 77 million metric tonnes cargo handling capacity, emphasizing collaboration among stakeholders to drive the decarbonization agenda forward.

He said that the “Harit Sagar” guidelines in 2023 promote greener port development, operation, and maintenance, focusing on minimizing environmental impact.

They advocate for clean energy adoption and green fuel storage. These guidelines guide major ports in formulating action plans for carbon emissions reduction and aligning with sustainable development goals. Collaboration and adherence to green guidelines are crucial for sustainability, Khara said.

The guidelines, introduced in 2023, advocate for the adoption of clean and green energy in port operations and the development of capabilities for the storage, handling, and bunkering of greener fuels.

They serve as a framework for major ports to formulate action plans for achieving quantified reductions in carbon emissions over defined timelines.


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CIAL to Establish World’s First Green Hydrogen Plant

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Cochin International Airport Limited or CIAL is establishing the world’s first green hydrogen plant in an airport

The entity has signed a memorandum of understanding with Bharat Petroleum Corporation Limited (BPCL) for the project. 

The project entails setting up a 1000 KW pilot plant at the airport premises. Under the agreement, BPCL will oversee the establishment of the integrated green hydrogen plant and fueling station at Kochi Airport. It will also provide technology and manage the operations.

CIAL will provide the land, water, and green energy resources. The initial output of the plant will be utilized for powering vehicles within the airport.

The strategic move is a part of CIAL to deep dive into green energy initiatives. It must be noted that CIAL is also the world’s first airport fully powered by solar energy. 

Green hydrogen, produced from water using renewable energy sources, is recognized as a future fuel and aligns with zero-carbon energy strategies.

G. Krishnakumar, Chairman & Managing Director, BPCL, said, “The partnership is a crucial step on the path to long-term solutions.” 

“As pioneers in sustainable aviation, CIAL is happy to start a groundbreaking journey with BPCL. This strategic collaboration underscores CIAL’s commitment to green energy and propels closer towards a zero-carbon future in the aviation landscape,” said S. Suhas (IAS), Managing Director, CIAL. 

CIAL renowned for its effective deployment of green energy through the installation of big solar plants and a hydel station now has a cumulative installed capacity of 50 MW producing two hundred thousand units of power a day. Ever since the installation of its first plant with a capacity of 12 MW. 


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“Inclusive” Dominated Budget 2024

Renjini Liza Varghese


The Budget 2024 is an interim budget.

Though being populist, Nirmala Sitharaman, Union Finance Minister, carefully and successfully has traded on the inclusive lines or, in simple words, kept it women (rural) centric.

The re-definition of GDP to Governance, Development and Performance, while being a welcome move, must be taken with a pinch of salt, though.

Ms Sitharaman charts a clear picture for ‘Vikasit Bharat by 2047’.

The key highlights of the renewed focus are the ‘garib (poor)’, ‘women’, ‘yuva (the youth)’ and ‘kisan (farmer)’.

Starting with the point of inclusive development and growth, the FM highlights increased focus on the Northeastern states of India to promote geographic inclusivity and diversity.

She cements the government strategy with updates on various schemes like Housing for All, Electricity for All, Har Ghar jal, Cooking gas, and Banking services for All.

Empowering people and making social justice a necessary and effective governance model has been another key point in today’s budget speech. Ms Sitharaman underscores the continued efforts of the government toward access to equal opportunities, popular welfare and an outcomes-based focus.

I appreciate the focus on diversity and inclusion that dominated the budget speech in many forms. I am reading it as a positive step for sustainable (sustainability) growth.

“Female enrolment in STEM (science, technology, engineering, and mathematics) courses have seen a 43 percent spike, one of the highest in the world,” she states.

No doubt this will reflect in women participation in the workforce. Especially at a time when Indian companies are seriously implementing DEI in the workforce. While the global peers are much ahead, this shows that India is fast catching up.

Most notable were her mentions about the triple talaq, reservation of 1/3 seats for women in Parliament and state Assemblies, and allotting about 70 percent houses under PM Awas Yojana to women as owners or co-owners.

Climate action:

In a welcome move, the budget speech acknowledges the importance of climate action initiatives. Fresh bilateral packets with foreign partners are a positive move, considering the funding constraints in the segment. Reiterating the government’s target to achieve net-zero by 2070, the FM details the supporting initiates.

For one, India will set up three major economic railway corridors for energy, mineral and energy to reduce congestion and logistics costs.

Green energy and transport:

The FM has outlined a clear charter for green energy. The wind power segment which was sidelined for a couple of years, is back in focus with offshore wind power.

Some of the key announcements are:

  • Viability Gap Funding (VGF) to harness offshore wind potential for 1 GW.
  • Roof-top-Solar installations on 1 crore households providing upto 300 units free units on a monthly basis.
  • Coal gasification or liquefaction to the tune of  100 metric tonnes by 2030.
  • Phased mandatory blending of compressed biogas, uncompressed natural gas
  • Financial assistance for EV manufacturing and charging infrastructure 
  • E-buses for public transport

Eco-friendly

The FM has earned applause with a major announcement in the form of the launch of a bio-manufacturing and bio-foundry. She states that these units will drive eco-friendly alternatives like bio-polymers, bio-plastics, bio-pharma and bio-agri inputs.

This, according to the Finance minister, will bring in a landscape change from consumptive manufacturing to regenerative manufacturing.

“Blue economy” also finds a mention along with the green initiatives. Ms Sitharaman states that under Blue Economy 2.0, efforts will be made to restore coastal areas with a focus on aqua and marine culture.

Port connectivity in island cities to boost tourism and the local economy is also a welcome announcement.

Our take:

Though Ms Sitharman focuses on women and climate action, there were no surprises in the budget. Green hydrogen, carbon credit/ trading, a clear target of energy transition/ EV adoption, skilling for green jobs and financing challenges are missing from the budget speech.

Considering this is an interim budget, I am hoping that these issues will be addressed with detailed outlays and policy updates in July.


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A Green Leap:  Reliance & DBS Partner for Compressed Biogas Project


Reliance Industries Limited (RIL) and DBS Bank India have joined forces to promote the adoption of compressed biogas (CBG) in the country.  The country produces a significant amount of agricultural residue, which is usually burnt in the absence of the required processing infrastructure and logistical support.

The partnership:

This collaboration will address the challenge of unorganized agricultural residue management and unlock the potential of CBG as a sustainable alternative to imported fossil fuels.

Reliance is investing in establishing 100 CBG plants across India over the next five years, consuming over 5.5 million tonnes of agricultural residue and organic waste annually. This initiative will contribute to a projected reduction of nearly 2 million tonnes of carbon dioxide emissions.

Recognizing the need for a customized approach, DBS Bank India has developed a unique supply chain financing program tailored to the specific requirements of RIL’s CBG project. This program will empower vendor partners, primarily farmers, to aggregate agri-residue efficiently and ensure competitive logistics.

Advantages:

Reliance’s CBG plants will not only reduce air pollution but also generate Fermented Organic Manure (FOM), improving soil fertility and reducing dependence on chemical fertilizers. This creates a virtuous cycle that benefits the environment and farmers’ livelihoods.

This collaboration aligns with India’s vision for a clean energy transition and supports the Global Biofuel Alliance’s aim to replace fossil fuels with sustainable alternatives. Reliance’s flagship CBG production facility in Barabanki, Uttar Pradesh, exemplifies this commitment, showcasing world-class technology and is expected to reduce 40,000 tonnes of CO2 emissions annually equivalent to absorptions by 15,000-acre rainforest.

Quotes:

Rajat Verma, Managing Director and Head of Institutional Banking at DBS Bank India said, “India’s green energy sector is crucial to its net-zero strategy. We proudly partner with Reliance Industries to empower the journey towards a sustainable future through innovative banking solutions.”

Harindra K Tripathi, Head Bio-energy Business, RIL, said, “Compressed Biogas plants are a key solution to utilizing organic waste and reducing air pollution. Our CBG plants will also contribute to FOM production, enhancing soil fertility and reducing fertilizer use.”


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SIBUR Commits to Climate Action Plan at COP28

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Russian oil and petrochemical company, SIBUR committed climate goals at the recently concluded COP28.

The company has already conducted Russia’s first transaction involving carbon units. It is currently in negotiations for potential deals to sell its carbon units to China and India.

The goals:

The goals include reducing:

• Emissions by 5% in its gas processing segment
• By 15% in the petrochemical segment by 2025
• Five-fold increase in the use of green energy
• Achieving carbon neutrality in at least one of its facilities

Going forward:

By the end of 2025, SIBUR has plans to plant 5 million trees in the areas in which it operates as part of its forest-climate program. The objective is to capture greenhouse gas emissions. As of today, 3 million trees have been planted.

Additionally, the company is investing heavily in the building of new, environmentally friendly production facilities as well as the modernization of its existing plants. The project will enable it to lessen its carbon footprint and to obtain certified carbon units, which are estimated to be worth one ton of avoided greenhouse gas emissions.

Elena Myakotnikova, Head, Climate Initiatives and Carbon Regulation, SIBUR, said, “Environmental concerns should remain central not only to politicians but also to socially responsible businesses, such as SIBUR and other Russian companies that attended the conference this year. We hope that discussions on topics like carbon trading and forest-climate programs will aid in the global fight against climate change, an effort that can only be successful through collective action.”


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IIM Udaipur installs 500 kW solar plant

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The Indian Institute of Management Udaipur (IIMU), has deployed solar energy to fast-track its sustainability route. The institute has installed a 500 kW solar plant on its campus. The initiative aligns with its commitment to reducing its carbon footprint and promoting renewable energy adoption.

The plant will generate 2,500 units daily, and 7.30 lakh units annually will meet 30% of the institute’s energy needs. It is expected to save Rs 18 lakh per annum. The entity will offset an estimated 543 tons of CO2 annually from the institute’s overall carbon footprint.

The institute also installed 200 solar street light poles on a 3.5 km inner peripheral road. Additionally, they plan to install 100 solar light poles within the campus near the sports complex and other venues. This initiative will reduce consumption by 1.20 lakh units per year, translating to approximately Rs 11 lakh in savings. Furthermore, this effort is projected to reduce an additional 85 tons of CO2 from the institute’s overall carbon footprint every year.

Prof. Ashok Banerjee, Director, IIM Udaipur, said, “Our vision at IIM Udaipur is rooted in sustainability and responsible growth. The new solar plant and the solar street light poles reinforce our commitment to reduce our carbon footprint. We believe this initiative will inspire the  academic community, and set an example to embrace sustainable practices.”


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REC set aside Rs 40000 cr for Green Hydrogen and Thermal projects 

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The state-owned REC Limited has signed three MoUs totalling Rs 40,358 crores to support and finance various projects in Odisha.

They entered into an MoU with Odisha Power Generation Corporation (OPGC) to finance Rs 9,538 crore to develop two units (660×2 Mw) of thermal power project in Jharsuguda, Odisha. The collaboration will contribute significantly to the state’s power generation capacity and energy infrastructure.

REC will provide funding of Rs 16,000 crore for a green hydrogen and ammonia facility proposed at Gopalpur in the state. This will be in partnership with the Acme group.

REC said it has also entered into an MoU with Avaada Group, pledging Rs 15,000 crore for a green hydrogen and ammonia facility at Gopalpur.

The signing ceremony took place in the presence of Mr Vivek Kumar Dewangan, CMD of REC Limited, Mr Nikunj B Dhall, ACS Energy of the Government of Odisha, Mr Hemant Kumar, Principal Secretary Industries, and other senior officials from both REC and the Government of Odisha. Senior representatives from the Acme and Avaada Groups, critical partners in these ventures, were also present.

The total worth of all MoUs is Rs 40,538 crore and will play a pivotal role in enhancing energy infrastructure, promoting sustainable practices, and generating economic growth in Odisha.


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Indian cement companies will use 40% green energy by 2025

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By March 2025, the major cement companies in India will use between 40 and 42 percent of green energy. This is a significant increase from the approximately 35 percent as of March 2023.

According to the credit rating agency ICRA, the Indian cement industry is transitioning towards green power. The industry is reducing its reliance on high-cost thermal power and the grid. This will result in 15-18% cost savings, and 140 to 160 basis points enhanced operating margins. The move will also contribute to environmental sustainability and set a broader industry trend.

Ms. Anupama Reddy, Vice President and Co-Group Head, ICRA, said, “Capital investment for green power expansion totaling 537 MW (comprising solar and WHRS), is expected to reach Rs. 5,500 crore.”

ICRA noted that the largest players in the sector have set out on an ambitious journey to cut emissions by 15–17% over the next 8–10 years. Increasing the use of blended cement, which contains less clinker and consequently uses less fuel, will help achieve this reduction. Additionally, the sector is increasing its use of renewable energy sources like solar, wind, and waste heat recovery systems (WHRS). The industry is also switching to alternative fuels.

Historically, coal-based captive thermal power plants and the state grid have provided electricity for the manufacture of cement. During the clinkerization process, which is a part of cement production, a significant amount of coal is used, producing greenhouse gas emissions that have a negative impact on the environment, ICRA said.

The credit agency predicts that over the medium term, the proportion of blended cement in the product portfolios of the major cement companies will increase from 77–79% in FY2023 to 80–82%. Companies are also concentrating on increasing the amount of Portland Slag Cement (PSC) because it has a lower clinker factor from using more slag, which results in fewer emissions.


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Need to fast track Climate Action, Green Energy, SDGs: PM Modi

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Prime Minister Narendra Modi in his address as the G20 President called upon global leaders to unite to tackle climate change, foster policies for climate action, and fast-track SDGs.

The ethos reflected in his blog sums up his G20 Presidency.

SDGs:
The Prime Minister wrote, “An interconnected world means our challenges across domains are interlinked. This is the midway year of the 2030 Agenda and many are noting with great concern that the progress on SDGs is off-track. The G20 2023 Action Plan on accelerating progress on SDGs will spearhead the future direction of the G20 towards implementing SDGs.”

Climate action:
Many countries of the Global South are at various stages of development and climate action must be a complementary pursuit. Ambitions for climate action must be matched with actions on climate finance and the transfer of technology.

“We believe there is a need to move away from a purely restrictive attitude of what should not be done, to a more constructive attitude focusing on what can be done to fight climate change,” the PM observed.

Citing an example from India he noted,” Living in harmony with nature has been a norm since ancient times. We have been contributing our share towards climate action even in modern times. For example, the Chennai HLPs for a Sustainable and Resilient Blue Economy is focused on keeping our oceans healthy.”

Democratizing climate action is the best way to fuel the momentum. Just as individuals make daily decisions based on their long-term health, they can make lifestyle decisions based on the impact on the planet’s long-term health. Just like Yoga became a global mass movement for wellness, we have also nudged the world with Lifestyles for Sustainable Environment (LiFE), the PM wrote.

Climate change and food security:
Due to the impact of climate change, ensuring food and nutritional security will be crucial. Millets, or Shree Anna, can help with this while also boosting climate-smart agriculture. In the International Year of Millets, we have taken millets to global palates. The Deccan High-Level Principles on Food Security and Nutrition are also helpful in this direction, he stated.

Green energy:
On green energy, the PM observed that a global ecosystem for clean and green hydrogen will emerge from `our presidency’, along with a Green Hydrogen Innovation Centre. “In 2015, we launched the International Solar Alliance. Now, through the Global Biofuels Alliance, we will support the world to enable energy transitions in tune with the benefits of a circular economy.”

Women empowerment:
That India is the fastest-growing large economy is no accident. Our simple, scalable, and sustainable solutions have empowered the vulnerable and the marginalized to lead our development story. From space to sports, economy to entrepreneurship, Indian women have taken the lead in various sectors. They have shifted the narrative from the development of women to women-led development. Our G20 Presidency is working on bridging the gender digital divide, reducing labor force participation gaps, and enabling a larger role for women in leadership and decision-making.

Technology:
Technology is transformative but it also needs to be made inclusive. In the past, the benefits of technological advancements have not benefited all sections of society equally. Over the last few years, India has shown how technology can be leveraged to narrow inequalities, rather than widen them.

For instance, the billions across the world that remain unbanked, or lack digital identities, can be financially included through digital public infrastructure (DPI). The solutions we have built using our DPI have now been recognized globally. Now, through the G20, we will help developing countries adapt, build, and scale DPI to unlock the power of inclusive growth.

Inclusion:
In December 2022, when we took over the Presidency from Indonesia, I had written that a mindset shift must be catalyzed by the G20. This was especially needed in the context of mainstreaming the marginalized aspirations of developing countries, the Global South, and Africa.

The Voice of Global South Summit, which witnessed participation from 125 countries, was one of the foremost initiatives under our Presidency. Gathering inputs and ideas from the Global South was an important exercise. Further, our Presidency has not only seen the largest-ever participation from African countries but has also pushed for the inclusion of the African Union as a permanent member of the G20.

Today, accomplishing things at scale is a quality that is associated with India. The G20 Presidency is no exception. It has become a people-driven movement. Over 200 meetings have been organized in 60 Indian cities across the length and breadth of our nation, hosting nearly 100,000 delegates from 125 countries by the end of our term. No Presidency has ever encompassed such a vast and diverse geographical expanse.

Vasudhaiva Kutumbakam’ or the world is one family, captures a deep philosophy. This all-embracing outlook encourages us to progress as one universal family, transcending borders, languages, and ideologies. During India’s G20 Presidency, this has translated into a call for human-centric progress. As One Earth, we are coming together to nurture our planet. As One Family, we support each other in the pursuit of growth. And we move together towards a shared future – One Future – which is an undeniable truth in these interconnected times.

Three important learnings:

  • First, a growing realization about a shift away from a GDP-centric view of the world to a human-centric view is needed.
  • Second, the world is recognizing the importance of resilience and reliability in global supply chains.
  • Third, there is a collective call for boosting multilateralism through the reform of global institutions. Our G20 Presidency has played the role of a catalyst in these shifts.

Our G20 Presidency strives to bridge divides, dismantle barriers, and sow seeds of collaboration that nourish a world where unity prevails over discord in which shared destiny eclipses isolation. As the G20 President, we had pledged to make the global table larger, ensuring that every voice is heard and every country contributes. I am positive that we have matched our pledge with actions and outcomes.


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Energy, Manufacturing

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RIL’s green push to solve the energy trilemma

WriteCanvas News


Mukesh Ambani—the Chairman and Managing Director, Reliance Industries Limited (RIL) outlined plans to solve the energy trilemma.

The energy trilemma encompasses three elements: affordable energy; energy sustainability and; energy security.

Speaking to investors at the company’s 46th AGM, Mr Ambani reiterated the company’s objective to have an installed renewable energy (RE) capacity of 100 gigawatts (GW) by 2030 and be net carbon zero by 2035.

It must be noted that the company has committed to double its investment for green energy to ₹1.5 trillion to align itself with global sustainable practices and expand its renewable energy portfolio.

“Reliance’s new energy and new materials business squarely addresses this trilemma. Green energy is becoming affordable because its costs are already much less than those of non-renewables, and they will come down further. Green energy is sustainable because the sun and wind are never going to disappear. Green energy is secure because India will no longer be dependent on large-scale imports for its energy needs,” Mr Ambani said at the AGM.

We list below some new announcements and initiatives:
Manufacturing:
RIL simultaneously set up a fully-integrated, automated, giga-scale electrolyser manufacturing facility for batteries at the Dhirubhai Ambani Green Energy Giga Complex in Jamnagar, by 2026.

The facility will produce battery chemicals, cells, packs and containerised energy storage systems, and will also include a battery recycling facility.

Batteries:
RIL will start manufacturing lithium iron phosphate battery or LFP battery which has been proven at scale for its safety, stability, and life. The company targets to produce LFP based solutions at world beating lifecycle costs.

The organization is focused on fast-track commercialisation its sodium ion battery technology. “We will build on our technology leadership position by industrialising sodium ion cell production at megawatt level by 2025, and rapidly scale up to giga scale thereafter,” Mr Ambani said at AGM.

Green Energy and renewables:
With the manufacturing set-up in place, RIL will leverage its EPC capabilities to accelerate and enable installation of at least 100 GW of renewable energy generation by 2030.

Commenting on RIL’s focus on green energy, Mr Ambani said, “Our first priority is to deliver a fully-integrated, end-to-end Solar PV manufacturing ecosystem. This will be one of the largest, most technologically advanced, flexible, and most cost-competitive Solar giga factory globally, and will be converting sand into Solar PV modules.

The solar giga factory will include manufacturing of PV modules, cells, wafers and ingots, polysilicon, and glass at a single location in Jamnagar. Plans are afoot to bring the factory on-stream in a phased manner by the end 2025.

On the wind energy front, the company has mega plans to upscale the infrastructure to generate gigawatt-scale, cost-effective wind power.

“One of the significant cost drivers in the manufacturing of wind blades is carbon fibre. Our foray into manufacturing carbon fibre at large scale provides us with a unique advantage to further integrate and reduce cost of wind turbines. In addition, we will be partnering with the world’s leading technology players in wind equipment manufacturing to deliver most cost-efficient solutions,” Mr Ambani said.

Alternate fuel:
Mr Ambani emphasized the importance of clean and sustainable energy, and highlighted the criticality to transition to clean fuel.

On this he said, “… This year, we commissioned one of the most complex and cost-efficient deep-water projects of this scale – the MJ Field, in KG-D6 Block. This includes a state-of-the-art FPSO which is among the largest and the most complex in the world with a gas production capacity of 14 MMSCMD. We are well on our way to enhance production to 30 MMSCMD, which will be 30% of India’s gas production and 15% of its current gas demand.”


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Green Energy, Renewable Energy, Sustainable transport, Indian Railways

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Indian Railways` sustainable transportation initiative

Sonal Desai


The Indian Railway which has been at the forefront in adopting green technology is planning to operate 35 hydrogen fuel cell trains on the Northern Railway.

A pilot project to retrofit a diesel electric multiple unit (DEMU) rake with a hydrogen fuel cell and the related ground infrastructure has already been approved by IR. The trials are scheduled to start in March 2024. The Jind-Sonipat section pilot project will be another step towards sustainable transport in IR.

The project is a component of the Hydrogen for Heritage initiative, which aims to reduce carbon emissions and help India achieve its 2070 goal of becoming Net Zero.


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