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Welspun signs MoU for 1.2 GW pumped hydro storage project in Maharashtra
Welspun New Energy has signed a memorandum of understanding (MoU) with the Maharashtra government for the construction of the 1.2 GW ‘Dhamni Pumped Hydro Project’. The Rs 50 billion project will be located in Pune and Raigad districts and is expected to be completed within six to seven years. The MoU, signed in Mumbai on 3 August 2024 in the presence of Deputy Chief Minister Devendra Fadnavis, focuses on providing long-duration energy storage to balance…
ACCA report warns of inadequate climate preparedness among businesses
The ACCA’s latest report, Weathering the Storm: Building Resilience Against Climate Disruptions, reveals that most businesses and organizations are ill-prepared for climate-related disasters, with outdated continuity plans that fail to account for the rising frequency of such events. The report shows only 20% of surveyed organizations have identified climate risks across their operations, and just 17% regularly rehearse responses to major disruptions, while 25% lack any resilience-building mechanisms. ACCA Head of Sustainability, Emmeline Skelton, emphasizes…
Key measures for energy sector in India’s Union Budget 2024
The 2024 Union Budget of India introduced significant measures to boost the energy sector, emphasising renewable energy adoption, energy transition, and infrastructure enhancement. Here are the key highlights: PM Surya Ghar Muft Bijli Yojana: 10 million households will receive up to 300 units of free electricity monthly, supported by subsidies and concessional loans, with a National Online Portal for streamlined applications. Renewable Energy Funding: The Ministry of New and Renewable Energy (MNRE) has been allocated…
Senvion secures 86.4 MW order from Continuum Green Energy in Gujarat
Senvion India has received an 86.4 MW order from Continuum Green Energy for a wind project in Gujarat. This order includes a 20-year operations and maintenance contract to ensure turbine performance and durability. The project will utilize the 2.7M130 platform, with turbines installed at a height of 140 meters. This project is part of a larger agreement, with Continuum awarding contracts for five projects totalling 270 MW to Senvion. Deliveries are set to begin in…
India surpasses 200 GW renewable energy milestone
India has crossed a major milestone in its renewable energy journey, with the nation’s total renewable energy capacity reaching 201.45 GW as of October 10, 2024, according to the Central Electricity Authority (CEA). When including the 8,180 MW of nuclear power, non-fossil fuel-based energy now accounts for nearly half of India’s total installed electricity generation capacity, which stands at 452.69 GW. Solar power leads India’s renewable energy contributions, generating 90.76 GW, followed by wind power…
Power ministry to launch Rs 10 billion scheme for MSME energy efficiency
The Ministry of Power (MoP) is set to launch a Rs 10 billion scheme to support energy efficiency initiatives among small and medium businesses, aiming to incentivize adoption of energy-efficient technologies. Under the Bureau of Energy Efficiency’s ADEETIE scheme (Assistance in Deploying Energy Efficient Technologies in Industries & Establishments), the plan will provide interest subvention of approximately five percent for small enterprises and three percent for medium enterprises. Technologies covered include automation systems for resource…