Ambuja Cements to invest $723 mn in green energy

Ambuja Cements Ltd., controlled by billionaire Gautam Adani, said it will invest 60 billion rupees ($723 million) to build 1,000 megawatt of renewable power projects as the Indian conglomerate seeks to move rapidly toward its net zero goals. The Mumbai-based cement maker, which the Adani Group acquired from Holcim Ltd. last year, will be funding

UltraTech Cement targets to achieve 85% green energy

The company said that it aims to meet its entire electricity requirement through renewable sources by 2050, as part of its RE100 commitment. Additionally, as a member of EP100, the company seeks to double its energy productivity. UltraTech Cement on December 13 announced its plan to significantly increase the share of green energy in its

Kerala allocates over Rs 12,500 cr for green energy

In line with its energy transition targets, which aim at making Kerala a leading producer and exporter of green hydrogen and green ammonia, the state has allocated Rs 90 crore for phase-I of the green hydrogen valley project and over Rs 12,400 crore for the green transport corridor project. The state has set a target

Adani to invest Rs 2,000 cr for green energy transition

Adani Electricity Mumbai revealed that the company is investing over Rs 2,000 crore to build two new transmission lines in the city. This is part of their efforts to strengthen their network as the company moves closer to going more green by sourcing as much as 60 percent of the energy needed for the city

L&T plans invest $12 bn in green energy

Larsen & Toubro Ltd. plans to invest as much as $12 billion over the next five years, a third of which will go toward expanding its clean energy business. The company intends to build 2-3 million tonnes of green hydrogen and ammonia capacity with an investment of close to $4 billion. L&T has approached some

RIL to invest Rs1.5 tn in production of green energy

Amid the increasing push for sustainable global practices among large industrial houses, billionaire Mukesh Ambani-led Reliance Industries Ltd (RIL) said it is committed to double its investment target for green energy to Rs1.5 trillion, as part of the company’s initiatives to expand its renewable energy portfolio. RIL is planning to commence the transition from grey

EIB, ADB, WB to provide $27 bn for green energy

The Asian Development Bank (ADB) has recently conveyed their intent to provide $20–$25 billion over five years to aid India’s aspirations for green growth.

BPCL to raise funds for green energy

Bharat Petroleum said it approved raising up to 180 billion rupees ($2.19 billion) through an issue of equity shares on a rights basis underscoring India’s push to achieve net zero-emissions goals. The details of the issue, including the price, right entitlement and timing will be intimated separately after the board approval. The Indian government is

Cruise ships pumping more harmful gases in Europe

A total of 509 tonnes of sulphur oxides were emitted by the 218 cruise vessels in operation across Europe last year, up from 465 tonnes of emissions linked to the industry in 2019, the last year of normal activity before the pandemic, according to a report by climate lobby group Transport & Environment.

KSEB proposes premium green energy tariff

The Kerala State Electricity Board (KSEB) has proposed introducing a green energy tariff of ₹2.543/kWh (~$0.034/kWh) for consumers who wish to switch to green energy. The proposed tariff submitted to Kerala State Electricity Regulatory Commission (KSERC) for approval reflects the extra cost to be incurred by KSEB on additional renewable energy procurement over its average