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India’s climate policies set to cut 4 billion tonnes of CO2 by 2030: Report

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India’s climate policies are on track to reduce carbon dioxide emissions by around four billion tonnes from 2020 to 2030, leading to a 24% drop in coal-based power generation, according to a report by the Council on Energy, Environment and Water (CEEW). This projection surpasses India’s COP26 commitment to reduce emissions by one billion tonnes by 2030. CEEW’s analysis reveals that policies across India’s power, residential, and transport sectors saved 440 million tonnes of CO2…

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INOX India bags contract for UK’s first liquid air energy storage facility

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INOX India Ltd (INOXCVA) has secured a major contract with Highview Power for its Liquid Air Energy Storage (LAES) project in Carrington, Manchester. As part of the deal, INOXCVA will deliver five high-pressure, 690kl vacuum-insulated cryogenic tanks, the largest of their kind ever fabricated by the company. This contract strengthens INOXCVA’s foothold in the global cryogenic equipment market and aligns with the growing demand in the energy storage sector. Siddharth Jain, Promoter and Non-Executive Director…

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NTPC achieves world-first CO2-to-methanol synthesis at Vindhyachal plant

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NTPC has synthesised CO2 captured from flue gas with hydrogen produced from a PEM electrolyser to create methanol at its Vindhyachal plant.  NTPC Chairman Gurdeep Singh, speaking at the company’s 50th Raising Day, highlighted that both the CO2 capture plant and the CO2-to-methanol plant are the first of their kind globally, a historic advancement in sustainable fuel production. NTPC is also progressing in areas like Gen-4 ethanol, green urea, and sustainable aviation fuel. The company…

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EKI Energy registers Azerbaijan’s first voluntary carbon market solar project

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EKI Energy Services Limited (EKI) has registered Azerbaijan’s first voluntary carbon market project powered by solar energy, marking a significant step toward sustainable energy in the Caucasus and Central Asia. This project, launched ahead of COP29, aims to reduce greenhouse gas emissions by harnessing renewable energy. Located across the Baku and Absheron districts, the solar project has an installed capacity of 230 MW (AC). By supplying clean energy to Azerbaijan’s national grid without fossil fuel…

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Battery storage critical for India’s shift from coal, renewable capacity lags behind

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India’s transition to renewable energy is encountering significant obstacles, according to a new report by Zero Carbon Analytics, as the country strives to meet its ambitious target of 500 GW of non-fossil fuel capacity by the early 2030s. Although renewable energy investment reached USD 12.4 billion in 2023, it is far from the USD 200 billion needed to achieve this goal. To stay on track, India needs to add 300 GW of new renewable capacity…

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TERI unveiled policy brief for India’s green hydrogen roadmap towards decarbonization

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The Energy and Resources Institute (TERI) has unveiled a policy brief, Green Hydrogen – Path to Decarbonization, thoroughly analysing India’s green hydrogen initiatives.   India’s targets under the Green Hydrogen Mission include 5 million tons of green hydrogen annually by 2030, potentially increasing to 10 million tons as demand grows. The government has allocated Rs 197.44 billion for this mission, primarily funding the Strategic Interventions for Green Hydrogen Transition (SIGHT) program and pilot projects to support…

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Greenzo Energy secures EPC contract for 120 MW solar project in Nepal

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Greenzo Energy, a comprehensive green hydrogen and renewable energy solutions provider, has won an engineering, procurement, and construction (EPC) contract for a 120 MW ground-mounted solar project in Nepal.  Valued at Rs 5 billion, this contract boosts Greenzo’s order book to Rs 19 billion. Scheduled for phased completion by 2025, the project will consist of 12 clusters, each with a 10 MW solar installation. The project includes an advanced high-tension transmission line connecting directly to…

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Centre, Himachal discuss 4,300 MW pump storage projects

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Union Minister of Power and Housing & Urban Affairs, Manohar Lal, held a meeting in Shimla to review Himachal Pradesh’s urban development initiatives and power sector advancements.  Chief Minister Sukhvinder Singh Sukhu, Public Works & Urban Development Minister Vikramaditya Singh, and senior state and central government officials attended the meeting, focusing on the state’s Revamped Distribution Sector Scheme (RDSS) and hydroelectric projects. During the discussions, potential collaboration between Himachal Pradesh and the Bhakra Beas Management…

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Nomura projects 7% CAGR in India’s power demand through FY27

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Nomura has projected robust growth for India’s power sector, forecasting a compound annual growth rate (CAGR) of over 7% in electricity demand from FY24 to FY27.  This surge is fueled by rising economic activity, increased electrification, and demand growth in emerging sectors such as data centres, electric vehicle (EV) charging, and green hydrogen production. Changing weather patterns, which have contributed to recent supply shortages, are also anticipated to drive demand. Electricity consumption is expected to…

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DGTR for anti-dumping duty on certain type of solar glass from China, Vietnam

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The Directorate General of Trade Remedies (DGTR) has proposed an anti-dumping duty on imports of textured tempered glass (TTG), commonly used in solar panels, from China and Vietnam.  This duty, recommended at the lesser of the dumping margin or injury margin, aims to protect the domestic industry from harm due to underpriced imports. The final decision will be made by the Ministry of Finance following a 30-day feedback period and subsequent oral hearings. The DGTR’s…