Tags: green energy

World Environment Day: HDFC Bank Commits to Becoming Carbon Neutral by 2031-32

HDFC Bank announced it plans to become carbon neutral by 2031-32. As part of this initiative, the Bank is looking at reducing its emissions, energy, and water consumption. As part of its ESG strategy, the Bank will also focus on offering loans for green products like electric vehicles at lower interest rates and incorporating ESG […]

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IRENA Council Meets with Spotlight on Energy Transition ahead of COP26

More than 280 representatives from 96 countries will gather virtually to attend the 21st Council of the International Renewable Energy Agency (IRENA), next week as countries continue to calibrate energy policy in line with the achievement of sustainable development goals and a 1.5° future, ahead of COP26 this year.  The Council meetings will take place […]

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7MW solar plant developed by Ujaas Energy in Madhya Pradesh breaks down

Ujaas Energy recently said that its 7-megawatt (MW) solar power plant, located at Barod in Madhya Pradesh, has broken down. The firm in a BSE filing said “Seven MW solar power plant of the company situated at Barod location – Block No. S3 is under breakdown by fault identification and root cause analysis.” Ujaas Energy […]

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Renewable sources set to expand in coming years at a much faster pace : IEA

Renewable sources of electricity such as wind and solar grew at their fastest rate in two decades in 2020 and are set to expand in coming years at a much faster pace than prior to the pandemic, according to a new report by the International Energy Agency. The growth in Europe and the United States […]

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Fortum and Uniper reaching first milestones in strategic “One Team” cooperation

Fortum and Uniper have jointly finalised the first planning phase in the three strategic cooperation areas of Nordic hydro and physical trading optimisation, wind and solar development, and hydrogen. Under the proposed plans, Fortum would lead the operations of both companies’ Nordic hydro assets in the future. Uniper, meanwhile, would take the lead in the […]

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EU Commission approves 400 million Euros Danish state aid for renewable energy

The European Commission on Tuesday approved 400 million euros ($480.12 million) Danish state aid supporting the production of electricity from renewable sources, according to a statement. “This Danish scheme will contribute to substantial reductions in greenhouse emissions, supporting the objectives of the Green Deal,” the commissioner in charge of competition, Margrethe Vestager, said. According to […]

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Renewable energy certificates trading shrinks to 9.2 lakh in 2020-21

The renewable energy certificates market shrank to 9.2 lakh RECs in 2020-21 while 60.58 lakh RECs piled up till March-end due to a halt in trading, which also impacted the ability of distribution companies to meet their renewable purchase obligation (RPO). According to industry data, an inventory of 60.58 lakh RECs piled up till March […]

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Sustainability through renewable energy: Comparing India and Singapore

Last week, at an event coinciding with Earth Day (April 22), US President Joe Biden hosted a climate conference with other world leaders, urging them to cooperate in the global effort to tackle the climate crisis. At the Leaders’ Summit on Climate, he committed his country to reducing greenhouse gas emissions by at least 50 […]

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Financial institution viewing renewables as less risky over coal : Oxford University

Oxford University research tracking how the financing costs for energy projects, measured through loan spreads, have changed over the past 20 years and finds that financial institutions are viewing renewables as less risky and coal as more so. Oil and gas financing costs have exhibited significantly less change. When comparing 2007-10 with 2017-20 renewables have […]

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Oberoi Group signs MoU with EESL to implement energy efficient initiatives

With the aim to augment its sustainability initiatives, The Oberoi Group has signed a Memorandum of Understanding (MoU) with Energy Efficiency Services Limited (EESL). EESL through its Building Energy Efficiency Program (BEEP) will assist The Oberoi Group in implementing several well-established energy efficient initiatives, including clean energy systems across its properties. These initiatives will help […]

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