How can the budget unlock India’s future as an offshore wind powerhouse
The government last month approved a ₹7,453 crore (~USD 900 million) offshore wind funding scheme, a welcome move to kickstart the industry —but a considerably larger financial support will be required to ensure the sector’s sustainable growth and promote manufacturing of offshore wind turbines.
Expectations for Energy Sector Reforms in the Budget 2024
Round-the-clock clean energy availability, resilient power & utilities, accelerated energy efficiency measures should be the focus areas for a sustainable energy ecosystem.
India to be 'engine of green energy growth': MNRE Minister Pralhad Joshi
The green hydrogen holds the key to decarbonising sectors like transportation, steel manufacturing, and even heavy industry, Joshi said adding the clean energy can power vehicles, fuel factories, and illuminate homes, all without leaving a harmful carbon footprint.
No bunker would save humanity if climate change not tackled: Vice President Dhankhar
India has embarked on an ambitious journey. It has set a target to achieve 50 per cent of its installed electricity capacity from non-fossil fuel-based energy sources by 2030 and net zero emissions by 2070, he said.
India's renewable energy capacity surges to 195 GW, focus on green hydrogen
The minister pointed out that under the SIGHT (Strategic Interventions for Green Hydrogen Transition) programme, tenders for 4.12 lakh tonne per annum have been awarded to 10 companies.
Repsol, EDF team up for offshore wind auctions in Iberia
The companies said on Thursday they signed an exclusivity agreement to cooperate in future auctions, as the Iberian peninsula "offers significant growth opportunities".
SolarWinds beats most of US SEC lawsuit over Russia-linked cyberattack
The nearly two-year cyberattack known as Sunburst targeted Austin, Texas-based SolarWinds by using its flagship Orion software platform to infiltrate US government networks.
Solar-power projects in Puerto Rico get $861-million US loan guarantee
The projects comprise 200 megawatts of photovoltaic solar panels and up to 285 MW of stand-alone battery energy storage capacity. The solar arrays will power about 43,000 homes, it said.
Ohmium expands India operations; launches new electrolyser gigafactory
The 2-GW factory, expandable to 4 GW, will produce hyper modular PEM electrolysers
Masdar raises USD 1 billion for new green projects
The issuance comprises dual tranches of USD 500 million each, with tenors of 5 and 10 years and coupons of 4.875% and 5.25% respectively. The orderbook peaked at USD 4.6 billion, an oversubscription of 4.6 times, with an average split of 70% to international investors and 30% to MENA investors.