Vedanta will use open access to source 691 Megawatts of renewable energy.
The Vedanta Group said it would supply its various activities nationwide with 600 MW of solar energy and 91 MW of hybrid renewable energy through open access under the captive mode. The corporation, in a BSE filing, revealed that. The projects will be established through Serentica Renewables India’s unique purpose entities (SPVs). Vedanta would carry …
Vedanta will use open access to source 691 Megawatts of renewable energy. Read More »
Aerem, a climate tech business based in Mumbai, receives $5 million in funding.
Avaana Capital led the $5 million (about Rs 41 crore) pre-Series A investment round for Mumbai-based climate-tech company Aerem. According to a press statement, the round also included participation from the venture capital company Blume Ventures and debt funding of $1.5 million from banking institutions. “The solar industry in India has been growing in recent …
Aerem, a climate tech business based in Mumbai, receives $5 million in funding. Read More »
Bharat Petroleum Launches E-Waste Management Initiative; Aims for Net Zero Waste by 2025.
Bharat Petroleum Corporation Limited (BPCL) has launched a unique initiative called “Sound Management of waste Disposal (SMWD)” to reduce and recycle e-waste. As a Fortune Global 500 company and the second-largest Indian Oil Marketing Company, All operating refineries and marketing locations of BPCL aim to achieve Zero waste-to-landfill certification. E-waste contains valuable materials and hazardous …
Governments Approve Delayed UN Report on Climate Change
On 19th March 2023, governments approved a significant new report on climate change from the United Nations, which had been delayed due to a dispute between wealthy and developing countries over emissions targets and financial aid for vulnerable nations. The report, authored by hundreds of the world’s top scientists, was expected to be approved on …
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Embassy REIT pledges $300 million to Sustainability and renewable energy
Throughout its 43.6 million square feet (MSF) pan-Indian portfolio, Embassy Office Parks REIT (real estate investment trust) has committed Rs 300 crore to environmental, social, and corporate governance (ESG) programs. At a premier “ESG Occupier Connect” event on March 10, the business also officially launched the first phase of its 20 MW solar rooftop project, …
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A push for thermal plants going green
The Electricity Act of 2003 was amended to impose the renewable purchase obligation of 40% for the new coal or lignite-based thermal plants. The Ministry of Power has mandated that new coal or lignite-based thermal plants either install renewable energy capacity equivalent to at least 40% of the thermal plant’s capacity or procure that much …
Sterlite Power launches a 5 GW green energy corridor project in India.
The Lakadia-Vadodara Transmission Project Ltd. (LVTPL) is a new green energy corridor project commissioned by Sterlite Power, a private sector provider of power transmission infrastructure. The project intends to deliver more than 5 GW of energy from Gujarat’s renewable-rich Bhuj and Kutch regions to the national grid, hastening India’s economic transition to a greener one. …
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A Promising Tool for Achieving 100% Renewable Energy in India
RE100 is the global corporate renewable energy initiative bringing together hundreds of large and ambitious businesses committed to 100% renewable electricity. According to their recent report on renewable energy in India, Renewable Energy Certificates (RECs) have emerged as a promising solution to achieve 100% renewable energy. The report indicates that using RECs by commercial and …
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Billionaires Mukesh Ambani and Gautam Adani intend to construct 25GW of clean energy in Andhra Pradesh
The billionaire businessmen Mukesh Ambani and Gautam Adani have announced plans to build a combined 25 gigawatts of renewable energy in Andhra Pradesh as the fossil fuel-driven organizations press ahead with their green energy objectives. At an investors’ gathering last week, Mukesh Ambani said that Reliance Industries would construct 10 gigawatts of solar electricity in …
Goa aims for 100% renewable energy by the year 2050.
Pramod Sawant, the chief minister of Goa, spoke at the “CII Goa Symposium on Clean Renewable Energy ” last week and stated that the state had set an ambitious aim of using 100% renewable energy in all sectors by 2050. Over 15,000 jobs are anticipated to be created due to the initiative, 500 of which …
Goa aims for 100% renewable energy by the year 2050. Read More »
