Dr Reddys Laboratories Ltd signs for consumption of renewable energy

Dr. Reddy’s Laboratories Limited (the “Company”) has entered into a Security Subscription and Shareholders’ Agreement for consumption and supply of renewable energy, with TEQ Green Power XI Private Limited and O2 Power SG Pte Ltd, for investment in O2 Renewable Energy IX Private Limited (“SPV”). The arrangement for accessing such renewable power will be done

Incentives under SIGHT programme will enhance cost-competitiveness

However, as these incentives are only valid for three years for a green hydrogen production plant that will run for over 30 years, a consistent supply of low-cost RE to hydrogen manufacturing projects can bring real impact, said Sharad Pungalia, managing director and chief executive officer, Amplus Solar. “The SIGHT programme for green hydrogen production

Tangedco seeks pan-India joint study to plan transmission for renewable energy

The State power utility has submitted its comments on the report published by the Central Electricity Authority on the transmission systems for integration of over 500 gigawatts of renewable energy by 2030. The report has estimated a cost of ₹2.44 lakh crore for the transmission schemes. In the southern region, it has proposed an Inter-State

REC Ltd to invest in a big way in renewables

REC, a subsidiary of Power Finance Corp., plans to expand its lending in the renewable energy space to Rs 2.4 lakh crore by 2030, says its director-technical, VK Singh. While land and grid availability can be challenging for developing new green energy projects, policies of the government and support from states have been encouraging. India

India, Japan to sign certification mechanism for renewable hydrogen, carbon credits

The G20 Energy Ministers’ Meeting and the Clean Energy Ministerial (CEM) are to be held in Goa in India July 19-22 where countries and companies are expected to deliberate on the way forward for clean energy. “We are signing the carbon credit mechanism with Japan… If they buy green hydrogen from us one (issue) is

Solar farms out at sea are clean energy’s next breakthrough

Buffeted by waves as high as 10 meters (32 feet) in China’s Yellow Sea about 30 kilometers off the coast of Shandong province, two circular rafts carrying neat rows of solar panels began generating electricity late last year, a crucial step toward a new breakthrough for clean energy. The experiment by State Power Investment Corp.,

India and US team up for developing global ecosystem for Hydrogen fuel

New and renewable energy secretary, Bhupinder Singh Bhalla said, “Recognising the importance of diversified and resilient clean energy supply chains for the energy transition we are working together to eliminate exposures to disruption,” he said addressing the ‘US-India Energy Summit – Partnership for a sustainable future’. Considering heavy dependence on China for vital equipment like

Govt may raise up to Rs 22k crore through green bonds in FY24

India is likely to borrow about Rs 20,000-22,000 crore through sovereign green bonds in this financial year, higher than the Rs 16,000 crore in 2022-23 when it had floated such papers for the first time, said a person aware of the matter. About half of the green bond proceeds are expected to be deployed in

China solicits public opinion on greenhouse gas trading rules

China’s Ministry of Ecology and Environment has begun to solicit public opinion on a set of draft rules regulating the trading of voluntary greenhouse gas emissions reduction, as part of efforts to achieve the country’s carbon peaking and neutrality goals. As the fundamental system to support the operation of a national voluntary emissions reduction trading

Saudi Arabia and France agree to cooperate on energy sector

They also agreed to work together to improve energy efficiency and to strengthen their cooperation in the areas of nuclear energy in "a peaceful and safe framework," the management of radioactive waste, and nuclear applications.