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Searched Tag: renewable energy initiatives
India's 500 GW renewable energy goal needs $215B investment by 2030

India targets 500 GW renewable energy by 2030

June 13, 2024, 01:01 AM - 2 mins read

India’s target of 500 gigawatts (GW) of renewable energy capacity by 2030 will require $190 billion-$215 billion of investment over the next seven years, a Moody’s report said on Wednesday, adding that solid growth in India’s renewable energy capacity will continue.

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In the first collaboration between rival billionaires, Mukesh Ambani's Reliance Industries has picked up a 26 per cent stake in a Madhya Pradesh power project of Gautam Adani, and signed a pact to use the plants' 500 MW of electricity for captive use.

Ambani, Adani collaborate: RIL picks 26% stake in Adani Power project

March 28, 2024, 09:32 PM - 4 mins read

Adani aspires to be the world's largest renewable energy producer by 2030 while Reliance is building four gigafactories at Jamnagar in Gujarat -- one each for solar panels, batteries, green hydrogen, and fuel cells.

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The Global Lighthouse Network, a World Economic Forum (WEF) initiative, has guided 15 manufacturing sites in India to adopt cutting-edge global technologies, advancing the integration of Fourth Industrial Revolution innovations in production networks.

Unilever, ReNew get WEF support for Industry 4.0

March 26, 2024, 05:41 AM - 2 mins read

As countries worldwide endeavor to meet net-zero commitments, the success in achieving sustainability goals through these technologies holds immense significance. Allgood highlighted that as more nations consider imposing carbon taxes, the adoption of Fourth Industrial Revolution technologies can aid in mitigating emissions and enhancing environmental stewardship.

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JSW Energy's arm JSW Renewable Energy has signed an agreement with Reliance Power to acquire its 45 MW wind power project in Vashpet, Maharashtra, for Rs 132 crore.

JSW energy's subsidiary enters agreement with Reliance power to purchase 45 MW wind project for Rs 132 crore

March 22, 2024, 07:46 AM - 2 mins read

"Reliance Power signs sale agreement with JSW Renewable Energy for the sale of its 45 MW wind power project in Vashpet, Maharashtra, for a consideration of Rs 132 crores," it added.

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Adani Green Energy Limited (AGEL) marked a significant milestone on Thursday as it announced the operationalization of 126 MW of wind power capacity in Gujarat, completing a 300 MW project.

Adani Green energy expands renewable footprint with operationalization of 300 MW wind project in Gujarat

March 14, 2024, 03:52 AM - 2 mins read

According to the company's statement, the 300 MW wind project is expected to generate approximately 1,091 million electricity units annually, contributing significantly to the reduction of carbon dioxide emissions. AGEL estimates that the project will help avoid approximately 0.8 million tons of CO2 emissions annually, underlining its commitment to sustainability and environmental stewardship.

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Cabinet approves signing of an MoU between India and Bhutan on co-operation in the field of Energy Efficiency and Energy Conservation Measures

India-Bhutan sign MoU to boost energy efficiency collaboration; BEE to aid household programs

March 13, 2024, 06:43 AM - 3 mins read

The primary aim is to enhance energy efficiency in the household sector of Bhutan by promoting the star labeling program developed by India's Bureau of Energy Efficiency. India aims to support Bhutan in developing and implementing a Standards and Labeling scheme for energy-efficient products.

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The initiative aims to enhance the utility of the harbour for fishermen through the construction of sheds, repairs, and the provision of vital amenities.

Karnataka allocates Rs 22 Cr for Gangolli Fishing Harbour overhaul; compensates fire-hit fishermen

March 11, 2024, 12:03 AM - 2 mins read

Minister Vaidya distributed compensation: Rs 10 lakh to eight boat owners with destroyed vessels and Rs 5 lakh to one with partial damage. He criticized the union government's call for immediate adoption of alternative energy, deeming it impractical for 8,200 traditional boat fishermen.

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NLC India and Rajasthan collaborate for 125 MW lignite and 1000 MW solar plants

NLC India and Rajasthan collaborate for 125 MW lignite and 1000 MW solar plants

March 10, 2024, 11:27 PM - 2 mins read

The MoU between NLC India Limited and RVUNL involves an investment exceeding Rs 7000 Crores, focusing on establishing a 125 MW Lignite Pit-head Thermal Power Plant and a 1000 MW Solar Power Plant in Bikaner district.

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