In Short : Bharat Petroleum Corporation Limited (BPCL) has formed two joint ventures as part of its strategy to support India’s clean energy transition and achieve its net-zero goals. One JV with Sembcorp Green Hydrogen India will focus on renewable energy and green hydrogen projects, while the other JV with GPS Renewables will establish compressed […]
India needs Rs 30 lakh cr investment to achieve 500 GW renewables by 2030: Union Minister – EQ
In Short : India requires an investment of ₹30 lakh crore to achieve its target of 500 GW of renewable energy capacity by 2030, according to a statement by a Union Minister. This ambitious goal is part of India’s commitment to transitioning to clean energy, reducing carbon emissions, and meeting global climate commitments, while attracting […]
Electricity production sees 3.7% increase in May 2024, driven by renewables – EQ
In Short : In May 2024, electricity production in India saw a 3.7% increase, largely driven by renewable energy sources. This growth reflects the nation’s ongoing shift towards greener energy alternatives, with solar and wind power playing a significant role in boosting overall electricity generation. The increase underscores India’s commitment to expanding its renewable energy […]
India’s Reliance ready for next level of renewables-focused growth – EQ
In Short : India’s Reliance is poised for the next level of renewables-focused growth, aiming to expand its clean energy portfolio, reduce carbon emissions, and drive sustainable development across the country. In Detail : NEW DELHI/BENGALURU : Indian conglomerate Reliance Industries (RELI.NS), opens new tab is ready for its next stage of growth and aims […]
Budget 2024 expectations: Power sector decarbonisation hinges on renewables – EQ
In Short : Budget 2024 expectations emphasize that the power sector’s decarbonization hinges on renewables. Prioritizing investments in renewable energy infrastructure and technology is essential for reducing carbon emissions and achieving sustainable energy goals. In Detail : Budget 2024 expectations: For India to achieve its net-zero goal, the power sector will have to play a […]
Renewables can cut 17% of India’s heavy industry emissions by 2030 – EQ
In Short : Adopting renewable energy can reduce India’s heavy industry emissions by 17% by 2030. This shift to cleaner energy sources is crucial for lowering greenhouse gas emissions and supporting the nation’s climate action and sustainability goals. In Detail : Greening electricity use can reduce the 2030 emissions from India’s heavy industries by 17%, […]
Navigating CBAM : Renewables Can Reduce 17% Of India’s Heavy Industry Emissions By 2030 – EQ
In Short : Navigating the Carbon Border Adjustment Mechanism (CBAM), India’s renewable energy adoption could reduce heavy industry emissions by 17% by 2030. This shift supports compliance with international standards and contributes to the country’s climate goals. In Detail : This is based on a new report from the energy think tank Ember As a […]
Record $1.8 trillion investment in renewables made in 2023 not enough to meet COP28 goals, says EY report – EQ
In Short : An EY report reveals that a record $1.8 trillion investment in renewables in 2023 is insufficient to meet COP28 goals. Additional funding and accelerated efforts are necessary to address climate targets and transition to sustainable energy. In Detail : A record $1.8 trillion pumped into clean energy in 2023 globally may still […]
India Energy Storage Alliance to bring out ‘white paper’ on sustainable future including renewables – EQ
In Short – The India Energy Storage Alliance (IESA) is set to release a white paper on achieving a sustainable future with a focus on renewable energy. This document will outline strategies for integrating energy storage solutions, promoting green technologies, and addressing challenges in the renewable sector, aiming to guide policy and investment towards a […]
30% of world’s energy from renewables in 2023: UK think tank – EQ
In Short – A UK think tank reports that renewables accounted for 30% of the world’s energy in 2023, marking a significant milestone in the global transition towards sustainable energy sources. This achievement reflects growing awareness and investment in renewable technologies, signaling progress towards mitigating climate change and reducing reliance on fossil fuels. The report […]