Prime Minister Narendra Modi welcomed players from the energy sector to invest in the country on Thursday, emphasising that the Union Budget will play a vital role in establishing India as a leader in the global green energy market.
PMC has joined hands with a private company, TheGreenBillions Ltd (TGBL), to build India’s first waste-to-hydrogen facility. TGBL, a sustainability solutions manufacturing firm has signed a 30-year partnership with PMC.
The state administration of Goa has started creating a road map for the state's shift to green energy, eager to forward its goals for green tourism. The creation of a green rating system and the implementation of decarbonization plans or programmes for the state's tourism industry and related industries are among the goals of the draft plan.
Despite India's emphasis on renewable energy, a recent directive from the Central Electricity Authority (CEA) of India to power companies ordering them to postpone retiring any thermal units until 2030 has upset analysts who believe the action may set India's efforts toward an energy transition back. According to CEA's notice from January 20,
In order to reach its ambitious goal of having net zero carbon emissions by 2070, India must prioritize green growth supported by a sustainable economy. On February 1, 2023, the Finance Minister prioritized the issue while presenting the Union Budget 2023 to the Parliament. Sustainability and climate action have garnered the most attention recently, not only in India but also on numerous international platforms in other nations. Even numerous national leaders, such as the Minister of Petroleum and Natural Gas, have repeatedly emphasized the nation's plans for renewable energy, such as producing and exporting green hydrogen or researching sustainable aviation fuel for aircraft.
In three years, renewable energy will overtake all other sources of electricity worldwide, according to new data. A very high and rising demand exists for electricity.
Toyota Tsusho Corporation will purchase an 85% stake in SB Energy from SoftBank Group Corporation. With 85% of the stock, Toyota Tsusho will become the parent company of SB Energy, and SBG will become an affiliate with 15% of the stock.
A delegation from Norway led by Minister for Trade and Industries Jan Christian Vestre will arrive in India on Thursday, according to the Norwegian Ambassador to India, Hans Jacob Frydenlund. The delegation will discuss green shipping and renewable energy.
The G20 members who attended the first Energy Transitions Working Group (ETWG) meeting in Bengaluru made the decision to collaborate on priority projects to achieve energy security and diversify the supply chains of new energy sources, according to a statement released by the Ministry of Power on Sunday.
ST Telemedia Global Data Centers India (STT GDC India) will purchase power from O2 Power, a subsidiary of O2 Energy SG, via open access in captive mode, according to the company's announcement. Using the electricity, the company will power its data centers in Bengaluru, Karnataka. The 201.1 MW wind-solar hybrid project in Karnataka by O2 Power will provide renewable energy.
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Technology is a useful servant, but a dangerous master, it was rightly said. Electronic devices have grown into an inevitable part of our daily lives.