ADB lauds India’s fossil fuel subsidy reforms

India has since 2010 made noteworthy progress on fossil fuel subsidy reform through a calibrated ‘remove’, ‘target’, and ‘shift’ approach, the Asian Development Bank (ADB) said in a new report. “By carefully balancing the combined effect of three key policy levers – retail prices, tax rates, and subsidies on selected petroleum products – the country

Stolt Tankers barge switches to 100% renewable fuel

Tanker operator Stolt Tankers, part of London-based transportation group Stolt-Nielsen Limited, has bunkered one of its barges with 100% renewable fuel for the first time, reaching a new milestone in its sustainability journey. The barge Stolt Main was bunkered with HVO100, a synthetic renewable diesel produced from processed vegetable oils or animal-based fats to reduce

Renewables can cut 17% of heavy industry emissions

Greening electricity use can reduce the 2030 emissions from India’s heavy industries by 17%, says report. India’s heavy industries require 120 GW of dedicated renewable energy capacity by 2030. Renewables-based electrification can play a crucial role in avoiding 17 per cent of the anticipated carbon emissions from India’s heavy industry by 2030, according to a

NTPC, NALCO forge partnership to explore RE solutions

In a significant development for India’s power and aluminum sectors, NTPC Limited, the country’s largest integrated power utility, has entered into a non-binding Memorandum of Understanding (MoU) with National Aluminium Company Limited (NALCO), a prominent Navaratna Company engaged in aluminum production. The MoU aims to explore various avenues, including coal-based thermal, solar PV, wind, and

Neste’s Porvoo refinery to be gradually transformed into renewable hub

Neste launched the strategic study in September 2022 with an aim to significantly grow its renewables and circular production in Porvoo long term, starting with the co-processing of both renewable and circular feedstock which could lead to retrofits of existing units at a later stage, with a long-term capacity potential of 2 to 4 million

MAN Energy Solutions to build reactor for renewable fuels

Cleantech start-up, CAPHENIA, to establish production plant for synthesis gas as feedstock for industrial production of Sustainable Aviation Fuel for aviation decarbonisation Cleantech start-up, CAPHENIA, has commissioned MAN Energy Solutions to build a Plasma Boudouard Reactor (PBR). This will form the core of CAPHENIA’s first production plant, ‘GERMANY I’, located at Industriepark Höchst in Frankfurt

MNRE sets target to achieve 500 GW of installed RE capacity

The Ministry of New and Renewable Energy (MNRE) set a target to achieve 500 GW of installed renewable energy capacity by 2030, which is expected to create a growth opportunity for the market in the future and the Indian renewable energy market is expected to register a CAGR of more than 10%. Green Energy Stocks

India sets targets to reach green power capacity

The decision of the government to add 50 GW of RE capacity each year from hereon is significant as well as challenging because until now, the country has managed to add only a maximum of about 15 GW annually. India has set an ambitious target of having 500 GW of renewable energy capacity by 2030,

Indian government considering green hydrogen incentives

The Centre plans to offer green hydrogen incentives worth at least 10 per cent of their costs to fuel producers under a $2 billion scheme which will begin in June this year. The government will offer incentives worth at Rs 30 per kg for the production of green hydrogen fuel. The cost of manufacturing green

EC gives nod to renewable hydrogen production

The European Commission has approved a €450m Italian scheme to support renewable hydrogen production. The European Commission is supporting renewable hydrogen production through the approval of a €450m Italian scheme. This will foster the transition to green energy, as part of the Green Deal Industrial Plan. The scheme was approved under the State aid Temporary