|

India to drive global energy demand by 2035, says IEA

India, News

India is set to become the global engine for energy demand growth through 2035, according to the International Energy Agency’s (IEA) World Energy Outlook 2024.  The report highlights India’s rapid expansion, with the country adding more than 12,000 cars daily, increasing built space equivalent to South Africa, and seeing its air-conditioners consume more electricity than Mexico’s total power consumption by 2035. As the world’s third-largest oil consumer, India will increase oil demand by nearly 2…

|

Pioneering Change: Coal-to-Clean Energy Success Stories

Analysis, Features

Financial institutions (FIs) are stepping in with coal transition mechanisms (CTMs), financial tools designed to help overcome challenges such as high capital costs and the insulation of coal assets from competition. These tools have enabled early coal plant retirements in various markets worldwide. This article presents case studies on the successful early retirement of coal plants, including the Tocopilla power station in Chile, the Logan and Chambers generating stations in the United States, and the…

|

Musashi and Log9 Materials form partnership for EV powertrain solutions

India, News

Musashi Seimitsu Industry Co., Ltd., Japan, the parent company of Musashi India, has entered a strategic partnership with advanced battery technology company Log9 Materials. The collaboration aims to deliver an integrated powertrain solution for electric two-wheelers and three-wheelers by combining Musashi’s high-performance e-Axle system with Log9’s cutting-edge battery technology. This partnership seeks to tackle key challenges in EV energy management and enhance scalability and service reliability, optimizing performance and durability. By integrating battery packs with…

|

Cabinet approves two green hydrogen units in Mumbai Metropolitan Region

India, News

The State Cabinet has approved the establishment of two green hydrogen production units in the Mumbai Metropolitan Region (MMR), with a production capacity ranging from 10 to 15 kilo tonne per annum (KTPA). These units will be selected as anchor projects, in line with the 2023 Government Resolution, which defines an anchor unit as one of the first three commissioned green hydrogen projects with a minimum capacity of 50 KTPA. Green hydrogen has versatile applications,…

|

6. Power Sector and Climate Change

Analysis, Power 101

The power sector has long been the backbone of modern civilization, but the energy it produces has come at a significant environmental cost. Traditional energy sources like coal, oil, and natural gas—collectively known as fossil fuels—have been the primary culprits in emitting greenhouse gases (GHGs), particularly carbon dioxide (CO2). These gases trap heat in the Earth’s atmosphere, leading to what we now know as climate change. For decades, coal-fired power plants were the dominant players…

|

Mahindra, Volkswagen set to form joint venture for EVs

India, News

Mahindra & Mahindra (M&M) and Skoda Auto Volkswagen India (SAVWIPL), a subsidiary of the Volkswagen Group, are reportedly finalizing a 50:50 joint venture to share costs, technology, and vehicle platforms for future product development. This partnership will primarily focus on developing battery-powered SUVs for both Indian and international markets, though it will also include fossil fuel-based models. According to The Economic Times, an official announcement is expected by the end of the year. The collaboration…

|

Pollution tax can drive green transformation in Bangladesh

Global, News

Despite its low per capita greenhouse gas emissions of 1.29 tonnes of CO2 equivalent—well below the global average of 4.58 tonnes—Bangladesh faces significant environmental challenges due to inefficient technologies causing high levels of pollution. To address this, the government is considering a pollution tax on environmentally damaging sectors to generate revenue, which can be reinvested to reduce pollution and promote sustainability. Currently, Bangladesh imposes an environmental surcharge on owners of multiple vehicles. Expanding this to…

|

Victoria’s new decarbonisation plan targets 8.5 GW energy storage by 2035

Global, News

The government of Victoria, Australia, has unveiled a new decarbonisation plan aiming to boost energy storage capacity to 8.5 GW by 2035, up from the current 537 MW. This initiative is part of the state’s “Cheaper, Cleaner, Renewable: Our Plan for Victoria’s Electricity Future” roadmap, which seeks to increase renewable energy to 65% by 2030 and 95% by 2035. Currently, renewables account for around 38% of Victoria’s power. The plan predicts a 50% rise in…

|

Tata Motors partners with Delta Electronics and Thunderplus to expand EV charging network

India, News

Tata Motors has partnered with Delta Electronics India and Thunderplus Solutions to establish 250 new fast-charging stations for its electric commercial vehicles (CVs) across India. These stations will be strategically located in and around over 50 cities, including Delhi, Mumbai, Chennai, Bengaluru, Pune, and Kochi, significantly expanding the current network of 540 commercial vehicle charging points. Under the partnership, Tata Motors will recommend optimal locations for the charging stations based on commercial EV movement. Delta…

|

CEEC secures $976 million EPC contract for 2,000 MW solar project in Saudi Arabia

Global, News

China Energy Engineering Corporation (CEEC) has signed a $976 million EPC contract to construct a 2,000 MW photovoltaic power plant in Saudi Arabia’s Makkah province. The project, known as the Haden solar PV IPP, is being developed by Buraiq Renewable Energy Company, a special purpose vehicle owned by Saudi’s Public Investment Fund (PIF), ACWA Power, and Saudi Aramco Power Company. The construction is expected to take 31 months and will be undertaken by a consortium…