Economic Times : Renewable Energy News

1. Carbon Credits with Modern Biogas plants

   Corporates are increasingly making progress in this area and about 35% of the world’s largest companies have pledged to reach net zero between 2030 and 2050, and many more stating a clear desire to decrease their carbon footprint.

2. Private equity group proposes 'green iron' site in Australia's Queensland

   The proposal, announced at a ceremony attended by Treasurer Jim Chalmers, will mine magnetite iron in Queensland and then refine it into "green iron," so-called because the steel precursor is processed using hydrogen produced from clean energy sources instead of coal.

3. Mexico aims to be big economic winner from US-China tensions

   Geopolitical frictions and supply chain gridlock during the Covid pandemic have prompted a growing number of companies to move manufacturing operations to the doorstep of the world's biggest economy.

4. Gender-Just Energy Transition through Self-Help Groups

   The rising demand and aspirational goals raise the questions whether the Indian government should close down the coal mines or continue relying on domestic coal production.

5. India on mission to become world's leading producer of critical minerals: Hindustan Zinc Chairperson

   Critical minerals, such as cobalt, copper, lithium, nickel and rare earths, play a crucial role in the production of clean energy technologies, from wind turbines to electric cars.

6. Orient Green Power Company to raise Rs 250 crore via rights issue

   The company has not disclosed the rights issue ratio, price of each share and the record date, said Sumedha Fiscal Services Ltd and Saffron Capital Advisors Pvt Ltd, the lead managers to the issue, citing the draft letter of offer (DLOF) dated May 17, 2024.

7. Zinc demand in India likely to double in next 5-10 years

   The demand for zinc in India depends largely on the growth of the steel market as zinc is mainly used to galvanise steel to protect it from corrosion.

8. Jakson Green to invest ₹3500 crore in RE utility; plans big for green hydrogen

   The company, which began operations just under two years ago, has already achieved a global solar project capacity of 5 gigawatts-peak (GWp), including 1 GWp of assets that it directly owns.

9. Vikram Solar bags 397.7 MWp module supply order for NTPC's Gujarat project

   The company will supply bifacial DCR modules with a minimum capacity of 540 Wp that adhere to the stringent ALMM standards.

10. Jakson Group introduces new CPCB IV+ compliant genset to optimize power supply

    The new genset features advanced technologies such as next-generation remote monitoring systems, an advanced engine control module, and precise fuel and level sensors.

11. Critical mineral prices decline, but IEA warns more investment needed for sustainable supply

    Despite this decrease, the IEA's Global Critical Minerals Outlook 2024 emphasized the necessity for heightened investments to achieve the global energy and climate objectives.

12. Siemens Energy boss says there can be no energy transition without China

    The comments by Christian Bruch come as global trade tensions with China are heating up, with the US raising tariffs on Chinese electric vehicles this week and the European Union looking into similar steps to protect local players from unfair competition.

13. BJP went back on Sixth Schedule promise, will continue movement till demands are met: Sonam Wangchuk

    The activist cited the example of a 10 GW solar power project planned for the Pang region of Changthang that will be spread over an area of 20,000 acres.

14. International Energy Agency warns of key energy mineral shortage risk

    In its inaugural review of the market for such critical materials, the IEA noted prices for minerals key for electric vehicles, wind turbines and solar panels fell back to pre-pandemic levels as supplies caught up with and surpassed demand.

15. Vikram Solar bags order to supply 397.7 MWp solar modules to NTPC's Khavda project in Gujarat

    Vikram Solar has secured a 397.7 MWp module supply order from NTPC Renewable Energy Ltd, a company statement said, adding that the modules will power a significant portion of the 1,255 MW Khavda Solar Project in Gujarat.