download 3015/03/2018

Wind turbine maker Suzlon said it has bagged an order for development of 75 megawatt (MW) wind energy project from an independent power producer through Maharashtra State Electricity Distribution Company Ltd (MSEDCL) bid.

Suzlon will install around 36 units of S111-140m wind turbine generators (WTGs) with rated capacity of 2.1 MW each. The project will be located in Maharashtra and will be commissioned as per MSEDCL bid guidelines, the company said in a BSE filing.

Suzlon said it will execute the entire project on a turnkey basis and will also provide comprehensive operation and maintenance services for the complete project lifecycle.

11 15/03/2018

 

European Investment Bank (EIB) and Indian Renewable Energy Development Agency (IREDA) Ltd. have signed a loan agreement for a second line of credit (LoC) of Euro 150 million on non-sovereign basis here. The line of credit is for tenure of 15 years including a grace period of 3 years, and it will be used for financing Renewable Energy and Energy Efficiency projects in India. More than 1.1 million households are expected to benefit from clean energy produced with these funds.

The loan agreement was signed by Shri K S Popli, Chairman and Managing Director, IREDA and Mr. W. Hoyer, President, EIB in the presence of Shri R K Singh, Union Minister of State (IC) Power and New & Renewable Energy and Shri Anand Kumar, Secretary, MNRE.

Speaking aboutIndia’s fascinating journey to electrify every single village,Shri R K Singh said, “There are villages in Ladakh and Arunachal Pradesh where you track on foot for three to four days to reach. Our aim is to bring electricity to even these remote places…. We have decided to go green, as we have a responsibility to future generations and the planet.” Highlighting the fact that renewable energy (RE) has now become economically viable, he said that companies bidding for RE projects are getting funds from all over the world….Today, many countries want us to share our experience in this field.”

Shri Anand Kumar, Secretary, MNRE said that two factors- efficient technology and easy finance, are important for the success of renewable energy sector. He expressed confidence that India will exceed its target of 175 GW renewable energy by 2022.

Shri K S Popli, CMD, IREDA said that the speed with which the second line of credit was negotiated shows the mutual confidence and comfort that EIB and IREDA had developed after working with each other for last 4 years. Moreover,the EIB has extended this line of credit without insisting for sovereign guarantee from Government of India, which also shows their commitment and confidence in the sector,he added. Mr. W. Hoyer, President, EIB appreciated India’s role in International Solar Alliance and its commitment to Paris climate deal. He said that with much sunlight, solar energy is evidently a solution here.

Mr. Tomasz Kozlowski, Ambassador of the European Union to India was among the dignitaries present along with other senior officials of MNRE, IRDEA and EIB.

About EIB:

EIB is the long-term lending institution of the European Union owned by its Member States. It works closely with other EU institutions to implement EU policy and is also engaged in multilateral financing. More than 90 per cent of its activity is in Europe but it is also a big investor globally. EIB’s activities focus on four priority areas including innovation and skills, access to finance for smaller businesses, infrastructure and climate & environment.

About IREDA:

IREDA is the dedicated financing arm of the Ministry of New and Renewable Energy for financing the renewable and energy efficiency projects and has been spearheading the growth of renewable energy in the country for over three decades. It has financed renewable and energy efficiency projects of financial value of over Rs.34,534.06 crore till date. To meet the financing requirement of renewable energy projects in the country, IREDA has been raising resources from various bilateral and multilateral agencies, Masala bonds, and domestic - taxable and tax-free bonds.

15/03/2018

Prime Minister Narendra Modi on Sunday called for concessional financing and less-risky funds for solar projects to raise the share of solar power in the energy basket, provide cheaper electricity and cut carbon emissions.

Speaking at the founding conference of the International Solar Alliance (ISA), he said India will generate 175 gigawatts (GW) of electricity from renewable energy sources by 2022.

This would be more than double the present renewable energy capacity and would be enough to overtake renewable expansion in the European Union for the first time.

Modi, the chief architect of ISA that seeks to bring together 121 nations, presented 10 action points including making affordable solar technology available to all nations, raising the share of electricity generated from photovoltaic cells in the energy mix and framing regulations and standards to support the initiative.

He said better and cheaper solar technology should be easily available to all nations. "We have to increase the share of solar in energy mix," he said.

Also, innovation has to be encouraged so as to provide solutions to different needs. "We have to provide concessional financing and less-risky funds for solar projects," he said.

The ISA's major objectives include global deployment of over 1,000 GW of solar generation capacity and mobilisation of investment of over USD 1 trillion into solar energy by 2030.

Regulatory aspects as well as standards have to be framed which will expedite adoption of solar solutions, Modi said, adding that consultancy support has to be development for putting up bankable solar projects in developing countries.

Stressing on inclusiveness, he said a vast network of centres of excellence has to be created.

  1. policy has to be to looked at in totality for development so that it can contribute to achievement of sustainable development goals (SDGs), he said. "We have to strengthen ISA Secretariat and make it more professional."

Modi called for rising above narrow private goals to make collective effort for the betterment of the mankind.

He said India has launched the "world's biggest renewable energy programme with a target to generate 175 GW of electricity from renewable sources."

Of these, 100 GW is to come from solar and 60 GW from wind. "Of the target for solar energy generation, we have already achieved 20 GW installed solar power," he said.

  1. generation, photovoltaic (PV) has big potential to power irrigation and reduce the use of back-up diesel generators.

At present, the country's renewable energy installed capacity is 63 GW.

Solar and wind power tariffs have dropped to an all-time low of Rs 2.44 per unit and Rs 3.46 per unit, among the lowest in the world.

As a demonstration of India's commitment to ISA, Modi said 500 training slots will be created for member countries and a solar technology mission will be started to lead R&D in the sector.

To supplement solar energy generation, India has distributed 28 crore LED bulbs in the last three years which have helped save USD 2 billion and 4 GW of electricity, the prime minister said.

ISA, headquartered in Gurgaon near here, is now a treaty-based inter-governmental organisation that was established following the Paris Declaration as an alliance dedicated to the promotion of solar energy among its member countries.

Indian 'vedas' have since thousands of years considered sun as at soul of the universe and a nourisher of life. "We have to look at this ancient balanced and all-encompassing philosophy when when we today look for ways to deal with the challenge of climate change," he said.

Modi had in a speech at London's Wembley Stadium in 2015 proposed the idea of an inter-governmental organisation comprising of 121 countries, which lie either completely or partly between the two tropics, with an aim to promote solar energy.

ISA was launched by him at the India Africa Summit in New Delhi and the United Nations Climate Change Conference in Paris in October 2015 and November 2015, respectively.

On Sunday, heads of 23 nations and 10 ministerial representatives gathered here for alliance's first summit. The summit was co-hosted by French President Emmanuel Macron.

Speaking on the occasion, Macron said USD 1 trillion will be needed to achieve one terawatt (TW) of solar power capacity by 2030."The development of solar energy will not just lead to our prosperity, but will also reduce the carbon footprint of the earth," Modi said.

Stating that better and affordable solar technology is available to all must be ensured, he said, results would be even better if other forms of energy are linked to solar.

Solar energy can have a variety of uses - agriculture, solar water pumps, clean cooking. "We need to encourage innovation in the solar energy sector to find different uses for it," he said.

15/03/2018

Heads of the states from 23 nations have hailed the efforts of International Solar Alliance (ISA) at its founding summit in the capital for providing them a common platform to work towards achieving the ambitious targets for clean energy.

These heads of state underlined the importance of clean energy in coming day, particularly for developing countries who want to save huge fuel cost and vying for cleaner planet in future.

While addressing at the ISA Summit here, President of Seychelles Danny Antoine said the nation has planned to have 100 per cent renewable energy by 2050 despite the fact that it is an island nation.

Other countries also unveiled plans to have substantial share of renewables like solar and wind power in their energy mix and hailed the ISA, which would help to reduce carbon foot print in the coming days in view of climate change.

President of Niger Issoufou Mahamadou said that Niger is one of the first countries to sign the ISA agreement because no development is possible without access to electricity.

He said that 12 per cent population in the urban areas in his country have access to energy, while the proportion is just one per cent in rural areas.

He stressed on the need for technology transfer and finance for developing countries to adopt clean energy systems.

Echoing similar views Bangladesh President Abdul Hamid said his country is one of the worst sufferer of cyclones and draughts and strongly believes that development of renewables is necessary for developing country with growing demand for energy.

He said that Bangladesh is eyeing 10 per cent share of renewables in his country's energy mix by 2021 and hoped that the ISA would widen its members base with more convenient transfer of technology in clean energy.

President of Mali Ibrahim Boubacar Keita said that his country would increase the share of renewable in the energy mix from existing five per cent to 38 per cent in coming days, which would pose a big challenge for us.

 

Governor General of Australia Peter Cosgrove said that his country wants to establish a centre of excellence which would be basically a web portal to help interested parties for technology transfer in clean energy segment.

He talked about Australia's advanced research in clean energy segment, particularly rooftop solar and said that it wants other nations to develop clean technologies.

All heads of the states hailed the ISA which is headquartered in Gurugram and an initiative of India to promote solar energy in the nations falling between tropic of cancer and capricorn.

15/03/2018

Wind turbine maker Suzlon said it has bagged an order for development of 75 megawatt (MW) wind energy project from an independent power producer through Maharashtra State Electricity Distribution Company Ltd (MSEDCL) bid.

Suzlon will install around 36 units of S111-140m wind turbine generators (WTGs) with rated capacity of 2.1 MW each. The project will be located in Maharashtra and will be commissioned as per MSEDCL bid guidelines, the company said in a BSE filing.

Suzlon said it will execute the entire project on a turnkey basis and will also provide comprehensive operation and maintenance services for the complete project lifecycle.

 15/03/2018

 

European Investment Bank (EIB) and Indian Renewable Energy Development Agency (IREDA) Ltd. have signed a loan agreement for a second line of credit (LoC) of Euro 150 million on non-sovereign basis here. The line of credit is for tenure of 15 years including a grace period of 3 years, and it will be used for financing Renewable Energy and Energy Efficiency projects in India. More than 1.1 million households are expected to benefit from clean energy produced with these funds.

The loan agreement was signed by Shri K S Popli, Chairman and Managing Director, IREDA and Mr. W. Hoyer, President, EIB in the presence of Shri R K Singh, Union Minister of State (IC) Power and New & Renewable Energy and Shri Anand Kumar, Secretary, MNRE.

Speaking aboutIndia’s fascinating journey to electrify every single village,Shri R K Singh said, “There are villages in Ladakh and Arunachal Pradesh where you track on foot for three to four days to reach. Our aim is to bring electricity to even these remote places…. We have decided to go green, as we have a responsibility to future generations and the planet.” Highlighting the fact that renewable energy (RE) has now become economically viable, he said that companies bidding for RE projects are getting funds from all over the world….Today, many countries want us to share our experience in this field.”

Shri Anand Kumar, Secretary, MNRE said that two factors- efficient technology and easy finance, are important for the success of renewable energy sector. He expressed confidence that India will exceed its target of 175 GW renewable energy by 2022.

Shri K S Popli, CMD, IREDA said that the speed with which the second line of credit was negotiated shows the mutual confidence and comfort that EIB and IREDA had developed after working with each other for last 4 years. Moreover,the EIB has extended this line of credit without insisting for sovereign guarantee from Government of India, which also shows their commitment and confidence in the sector,he added. Mr. W. Hoyer, President, EIB appreciated India’s role in International Solar Alliance and its commitment to Paris climate deal. He said that with much sunlight, solar energy is evidently a solution here.

Mr. Tomasz Kozlowski, Ambassador of the European Union to India was among the dignitaries present along with other senior officials of MNRE, IRDEA and EIB.

About EIB:

EIB is the long-term lending institution of the European Union owned by its Member States. It works closely with other EU institutions to implement EU policy and is also engaged in multilateral financing. More than 90 per cent of its activity is in Europe but it is also a big investor globally. EIB’s activities focus on four priority areas including innovation and skills, access to finance for smaller businesses, infrastructure and climate & environment.

About IREDA:

IREDA is the dedicated financing arm of the Ministry of New and Renewable Energy for financing the renewable and energy efficiency projects and has been spearheading the growth of renewable energy in the country for over three decades. It has financed renewable and energy efficiency projects of financial value of over Rs.34,534.06 crore till date. To meet the financing requirement of renewable energy projects in the country, IREDA has been raising resources from various bilateral and multilateral agencies, Masala bonds, and domestic - taxable and tax-free bonds.

clean-energy-background-1439393810/03/2018

In a major shot in the arm of Yogi Adityanath government’s efforts to shore up renewable energy in Uttar Pradesh, the green energy sector has attracted private investment proposals worth over Rs 728 billion.

The green energy sector accounted for over 15% of the composite Rs 4.68 trillion worth of Memorandum of Understanding (MoUs) signed during the two-day UP Investors Summit 2018 on 21-22 February.

The green energy sector with 46 MoUs worth Rs 728 billion stood second only to the state infrastructure sector, which accounted for maximum almost Rs 1.80 trillion worth of MoUs, thus accounting for over 38% of total investment proposals.

Interestingly, the green energy sector investment proposals worth Rs 728 billion is almost 10 times compared to the conventional energy sector, which managed only 76 billion worth of 11 MoUs.

Under the new UP solar energy policy 2017, the Adityanath government had already set target of private investment worth Rs 500 billion and attaining aggregate solar energy capacity of 10,700 megawatt (mw) over the next 4-5 years.

Of the targetted 10,700 mw of solar energy capacity by 2022, 6,400 mw would comprise setting up of utility scale grid solar power projects, which feed directly to the grid under power purchase agreement (PPA).

Earlier, UP New and Renewable Energy Development Agency (UPNEDA), the nodal state agency for solar power, had on January 8 invited e-bids for the procurement of 1,000 mw of solar energy. Over 40 companies had participated in the tariff-based e-bidding.

Besides, top Indian energy companies, including Adani Power, Essel Infraprojects Limited, Azure Power, Sukhbir Agro Energy Limited, Amplus Energy Solutions and CleanMax Solar had evinced interest in setting up solar energy projects to the tune of over Rs 50 billion in the state.

Under the new solar energy policy, the Adityanath government is preparing an action plan to develop a Green Energy Corridor in the arid Bundelkhand region at an investment of about Rs 40 billion, to be part funded by the Centre.

Bundelkhand is considered ideal for solar energy, since it is abundant in barren land. Besides, these mega projects would not only give a major economic fillip in the region, but also create employment opportunities to stop the migration of youth.

As an added incentive, the new policy allows investors the facility of ‘open access’ and to sell power to individual or institutional consumers within or outside UP. This was restricted in the previous policy framework and they were supposed to feed the entire energy generated to UP Power Corporation Limited (UPPCL) grid.

10/03/2018

A women's wear fashion brand's spring-summer line is made using eco-friendly Harit Khadi, woven through solar power-driven 'charkhas'.

W for Woman, a range of contemporary ethnic wear, has partnered with government initiative Solar Charkha Mission for its new collection

The Mission is aimed at revive and promoting the hand woven fabric through a unique, solar energy based production model that can provide employment to several people in the rural and sub-urban sectors of the country.

Union Minister for Micro, Small and Medium Enterprises (MSME) Giriraj Singh appreciated efforts of bringing Harit Khadi to mainstream fashion.

"In the backdrop of Harit Khadi, we believe that this fabric weaves the social fabric of our country, as it has been the mainstay textile since the Independence days and will continue to remain an integral part of our culture," Singh said in a statement.

Dharmendra Kumar, Head, Sourcing and Supply Chain, hopes the private sector in the apparel domain help them in reaching out to masses by using their distribution channels for further adoption of this fabric in the mainstream.

Anant Daga, Managing Director, TCNS Clothing said fashion is no longer just about trends and innovative designs.

"It is also a means to encourage dialogue on sustainable choices," he added.

bp10/03/2018

In a move to harness and utilise alternative energy sources, biogas production commenced on the Sri Ranganathaswamy temple campus in Srirangam on Thursday 45 days after construction works began to install the plant. With its inauguration, the kitchen in the temple will be able to conserve 1.5 LPG cooking cylinders a day and save an equivalent cost of Rs 90,000 per month.

Being the foremost of all 108 divyadesam temples, Sri Ranganathaswamy temple has been offering annadhanam (free food) to at least 4,000 people every day since September 2012. The kitchen near the dining hall has been consuming three LPG cooking cylinders daily for this purpose. It was in this backdrop that ITC conglomerate proposed to set up a biogas plant as part of its corporate social responsibility (CSR) programme and the green temple initiative by Mangaldeep Agarbhattis. The plant would produce cooking gas from vegetable, food and animal waste generated by the temple.

This was accepted by the HR&CE department in January following which work on the plant commenced on about 200sqft area on January 22. The work was carried out at an estimated cost of Rs 25.5 lakh and completed on February 27. Trichy district Exnora, the implementing agency of the project, said that filling of cow dung in the biogas chamber was carried out subsequently, after which the desirable amount of biogas was generated in the facility on Thursday.

“The 30 CUM capacity biogas plant would accommodate 70 kg of vegetable and food waste along with 300 kg of cow dung a day sourced from the kitchen and the cow shelter of the temple. Through the plant, we can ensure that organic waste which has so far been going to the bins will be recycled as biogas and compost,” C Balasubramanian, honorary president of Trichy district Exnora said.

V M Rajasekharan, CEO, matches and agarbhatti division, ITC, inaugurated the facility on Thursday. Subsequently a test run was conducted by boiling a pot of milk with biogas as source. “The amount of money saved in reusing the organic waste and cutting down the need of LPG cylinders can be used for developing the environment of Ranganathaswamy temple,” the CEO said.

Representatives from ITC also added that the HR&CE department in Srirangam was cooperative in implementing the project in a short span. Since 90 per cent of the waste generated in the temple was organic, stakeholders said that an association would be formed to sustain the working and progress of the green temple initiative.

download 5210/03/2018

With the target of power purchase from renewable energy sources set to increase every year, state-run Gujarat Urja Vikas Nigam Limited (GUVNL) has chalked out plans to procure 7,000MW of solar and wind power by fiscal 2021-22, to meet renewable purchase obligations (RPO).

RPO is the minimum percentage of total power that electricity distribution companies and large power consumers need to buy from renewable energy (RE) sources.

Gujarat Electricity Regulatory Commission (GERC) has set the wind and solar RPO target at around 10% for fiscal 2017-18. To promote the renewable energy sector, the RPO is set to be increased to 16% by 2021-22. The final RPO regulations, however, are yet to be notified.

According to the tentative RE power capacity addition plan on GUVNL’s website, it proposes to procure 5,500MW from solar and 1,500MW from wind power projects over the next four years. Considering the need to purchase more power from renewable sources, GUVNL last year completed competitive bidding to source 500MW each from wind and solar power plants and signed power purchase agreements (PPAs) in Oct 2 17 and January 2018, respectively.

In the second phase of power procurement, the company last month floated two separate tenders for 1,000MW each from wind and solar power projects through competitive bidding. Distribution companies affiliated with GUVNL failed to meet the RPO of 10% set by GERC for the 2016-17 fiscal. The renewable power purchases by the four discoms fell short by 1,026 million units.

praash