Energy security is now more critical than ever. Global priorities under heightened geopolitical tensions, climate change, and rising fossil fuel prices include expanding the production of renewable energy, diversifying energy sources, and boosting energy storage. In an effort to address these problems, the United Nations Climate Change Conference (COP27) was held in November 2022.
The Carbon Markets Association of India (CMAI) and the Association of Renewable Energy Agencies of States (AREAS) have inked an agreement to enhance information sharing about carbon trading and encourage the expansion of the Indian carbon market.
The National Thermal Electricity Corporation Limited (NTPC) and the Tripura government's power department have signed a memorandum of understanding (MoU) for the development of floating and ground-based renewable energy projects in Tripura.
The United Arab Emirates (UAE) and India are nearing a "major agreement" on a renewable energy interconnection, according to the Indian Minister of Power and New and Renewable Energy.
People are utilizing clean energy and shunning the use of fossil fuels for power generation as a result of growing concerns about climate change worldwide. Following the same path, India's financial center, Mumbai is now slated to become the first city in the nation to get a solar plant for residential society.
The International Energy Agency claimed that the world is at the "dawn of a new industrial age" for producing clean energy technologies, which will triple in value by 2030 and provide millions of jobs.
A Memorandum of Understanding (MoU) for the development of a battery energy storage system (BESS) project with a capacity of up to 250 MW/500 MWh in Assam has been signed by ONGC Tripura Power Company Limited (OTPC) and Assam Power Distribution Company Limited (APDCL).
On Tuesday, ReNew Power announced that the first 3x platform wind turbine generators (WTGs) had been installed in India in Gadag, Karnataka.
In an effort to reduce their CO2 emissions and wean Germany off its dependency on Russian gas, the NATO allies signed joint pledges on Thursday by Norway and Germany to enhance the production of renewable energy and create green industries.
The Tamil Nadu government unveiled its innovative plan to establish the Rs 1,000 crore Tamil Nadu Green Climate Fund (TNGCF) on January 2. TNGCF would provide funding for projects that will help the state become greener and mitigate climate change. A fiscal announcement from 2022 inspired the creation of the fund.