Avaada Group commits $12bn to transform Rajasthan into renewable energy hub 

Avaada Group has announced an unprecedented investment of $12bn in Rajasthan, India, for accelerating green energy transition, thereby establishing the region as a global renewable energy powerhouse. This landmark announcement was made during the prestigious Rising Rajasthan 2024 Summit, attended by India’s Prime Minister Narendra Modi and Rajasthan’s Hon’ble Chief Minister Bhajanlal Sharma. Rajasthan stands out as a global hub for renewable energy, with

Energy Transition Outlook: Energy related emissions will peak in 2024

2024 will go down as the year of peak energy emissions, according to DNV’s Energy Transition Outlook. Energy related emissions are at the cusp of a prolonged period of decline for the first time since the industrial revolution.  Emissions are set to almost halve by 2050, but this is a long way short of requirements

AIDA Cruises refuels using 100% renewable bio marine fuel

AIDA Cruises, one of Carnival Corporation’s world-class cruise lines, refueled its AIDAprima cruise ship for the first time using 100% renewable Bio Marine Fuel as part of a pilot project to evaluate the fuel performance in regular ship operations for potential for future use. The blended biofuel is produced entirely from advanced feedstocks organic waste or

G7 countries task IRENA to monitor Group’s renewable energy progress 

G7 leaders tasked the International Renewable Energy Agency (IRENA) to track and monitor the group’s collective contribution toward the global renewable tripling target by 2030. The target was established by the UAE Consensus last November at COP28, aligning global climate ambitions with IRENA’s 1.5°C pathway, mapped out by the Agency’s World Energy Transitions Outlook. “Trust

Coal is preparing to say adieu

More than two years after climate negotiators first attempted to consign coal to history, the dirtiest fossil fuel is having a moment. Thanks to a combination of China’s energy insecurity — pushing Beijing back to trusted power sources — plus rising Indian demand, the continued fallout from the war in Ukraine and faltering international programs

First battery storage gigafactory to start operating in J & K

GoodEnough Energy said it will start operations at India’s first battery energy storage gigafactory in the northern region of Jammu and Kashmir by October. The facility will help industry in cutting more than 5 million tons of carbon emissions in a year, GoodEnough said in a statement. India has set a 2070 goal for becoming

Govt to raise subsidy for rooftop solar installation to 60%

The government is set to increase the subsidy for rooftop solar installations to about 60% under the new Pradhan Mantri Suryoday Yojana, union minister for new and renewable energy R K Singh said. Currently, the government provides a 40% subsidy for rooftop solar installations. The enhanced subsidy aims to support consumers with electricity consumption below

IEA lowers renewables forecast for clean hydrogen

Hydrogen-dedicated renewable energy capacity is expected to grow by 45 GW between 2022 and 2028, some 35% lower than forecast a year ago, the International Energy Agency (IEA) said in its latest Renewables report. There is growing political momentum for low-emission hydrogen but actual implementation has been held up by uncertain demand outlooks, a lack

NGEL inks pact with Maharashtra for green hydrogen

In a significant move towards bolstering green energy initiatives, NTPC Green Energy Limited (NGEL), a subsidiary of NTPC, has signed a Memorandum of Understanding (MoU) with the Government of Maharashtra. The agreement, aimed at the development of Green Hydrogen and its derivatives such as Green Ammonia and Green Methanol, marks a significant stride towards sustainable

Avaada Group to invest Rs 40,000 cr in 6 GW renewable projects

Avaada Group said it has committed investments worth Rs 40,000 crore for development of 6,000 MW hybrid wind-solar projects in Gujarat. The agreement was signed in the presence of Gujarat Chief Minister Bhupendrabhai Patel on the sidelines of the Vibrant Gujarat Global Summit 2024 on January 10-12 at Gandhinagar. According to the statement, Avaada Group