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India to set up 3,500 CNG stations in two years: Oil minister Hardeep Puri
July 17, 2022

India to set up 3,500 CNG stations in two years: Oil minister Hardeep Puri

In a bid to boost the natural gas-based economy, Minister of Petroleum and Natural Gas & Housing and Urban Affairs Hardeep Singh Puri dedicated 166 Compressed Natural Gas (CNG) stations to serve the community. The 166 CNG pumps have been set up by GAIL (India) Limited and nine of its group City Gas Distribution (CGD) companies in 41 Geographical Areas (GAs) across 14 states. According to Puri, the CNG stations will incentivise the market of such vehicles and will have a positive impact on manufacturing and employment generation.

Solar stocks sink as Senator Manchin says he won’t support climate bill
July 16, 2022
Source: CNBC

Solar stocks sink as Senator Manchin says he won’t support climate bill

Solar stocks tumbled Friday after Sen. Joe Manchin said he will not support increased spending to address climate change, according to NBC News, citing a Democrat briefed on the conversations.The Invesco Solar ETF, which tracks the industry, fell more than 7% at one point. Some of those losses were recovered later in the day, with the fund ending Friday’s session about 2% lower. For the week, the fund is down more than 10%. Sunrun, Sunnova, First Solar and Maxeon Solar all fell more than 10% at one point.

AEMO's renewable energy roadmap ignores community stalemate, expert says
July 1, 2022
Source: ABC News

AEMO's renewable energy roadmap ignores community stalemate, expert says

An energy expert says he is "skeptical" of the Australian Energy Market Operator's (AEMO) target to build five major transmission projects within the next 10 years. Yesterday AEMO released its 30-year roadmap for the electricity grid's transition from fossil fuels to renewables, which it said would require more than $12 billion of investment in new transmission lines that should begin "as urgently as possible" to ensure supply was secure in the coming decade. Key points: AEMO's timeline for major transmission targets is flawed, according to an energy expert The Western Renewables Link in Victoria is being delayed due to community opposition VNI West powerlines are proposed in order to connect the Snowy Hydro with Victoria

Offshore wind industry enjoys best-ever globally in 2021: Report
July 1, 2022

Offshore wind industry enjoys best-ever globally in 2021: Report

India's offshore wind sector has gained momentum as a result of the Prime Minister's announcement of net-zero targets at the last UN climate change summit(COP26). At the summit, India also announced its increased ambitions of installing 500 GW of non-fossil-fuels-based power generation capacity by 2030, inclusive of 30 GW offshore wind capacity.

Chinese Oil Giant Brings Forward Its Key Carbon Deadlines
June 30, 2022
Source: Bloomberg

Chinese Oil Giant Brings Forward Its Key Carbon Deadlines

China National Offshore Oil Corp. said it will increase spending on clean energy so that its carbon emissions peak by 2028, while also bringing forward its net-zero deadline to 2050, according to the company’s climate action plan released Wednesday. The offshore oil and gas giant’s spending on renewable energy will account for 10%-15% of its total over 2026-2030, from a range of 5%-10% announced last year for the period through 2025. The emissions counted will only be the company’s own, and won’t include those generated by the customers of its fossil fuels.

Australia plays down 'backsliding' by allies on coal, gas use
June 29, 2022
Source: Reuters

Australia plays down 'backsliding' by allies on coal, gas use

Australia's new energy minister said on Wednesday the push for clean energy is more important than ever, even as G7 leaders water down climate protection commitments to shore up oil, gas and power supply due to the Ukraine conflict. "I'm not worried about a backsliding of ambition, because I think serious leaders around the world get it that actually the transformation is more important than before," Climate Change and Energy Minister Chris Bowen told reporters in Canberra. "If you're going to be reliant on gas, it's more important to be increasing your renewables," he said in a televised address.

Wood Mackenzie Power & Renewables APAC Conference 2022 open for registration
June 29, 2022
Source: yahoo finance

Wood Mackenzie Power & Renewables APAC Conference 2022 open for registration

Wood Mackenzie announces the launch of the second edition of its Power & Renewables Asia Pacific (APAC) Virtual Conference on July 26 – 28. The Asia Pacific is the world’s biggest electricity consumer and carbon emitter, larger than Europe and North America combined. With strong demand growth and coal still accounting for over half of the power supply, the region has yet to peak carbon emissions and is at its infancy in the long journey to net zero. The path to success is now paved with even more obstacles as fuel and power prices soar, geopolitical tensions rise, supply chains are stressed and project developers face rising costs and unprecedented revenue risks. The big question now is whether the Asia Pacific can rise above these challenges and take a proactive role in the energy transition. How are companies dealing with economic pressures while recalibrating environmental and net-zero strategies?

Norway has key opportunities to advance its transition and help lead the world on clean energy technologies
June 29, 2022
Source: IEA

Norway has key opportunities to advance its transition and help lead the world on clean energy technologies

As a resource-rich country on the leading edge of many clean energy technologies, Norway is uniquely well placed for the clean energy transition and now needs to advance strategies to tackle emissions in sectors where they are hardest to reduce in order to meet its ambitious climate targets, according to a new in-depth policy review by the International Energy Agency. Since the IEA’s last policy review in 2017, Norway has remained a global pillar of energy security with its ample reserves of oil and gas produced in an environmentally responsible manner. Norway is a significant and reliable international supplier, exporting close to 90% of its energy production. The IEA report recommends that Norway leverage its renewables-based electricity system and develop detailed, long-term sector-by-sector roadmaps backed by specific policy measures.

Fierce local battles over power lines are a bottleneck for clean energy
June 27, 2022
Source: CNBC

Fierce local battles over power lines are a bottleneck for clean energy

For the past six years, energy companies and Maine residents have been in a fierce stand-off over the construction of a 53-mile power line extension that would deliver 1,200 megawatts of renewable hydroelectric power from Canada to Massachusetts, which is enough to power approximately 1.2 million homes. For two-thirds of the distance, the electricity would follow a transmission line corridor which already exists. But without the 53-mile, 54-foot-wide extension, the $1 billion construction project is a at an impasse. The power line has already received all of its state and federal permits. But in a state-wide vote in November, Maine voters rejected the project. Now, the constitutionality of that referendum vote is being battled out in court and will be decided this summer, according to Anthony W. Buxton, the lawyer representing the power companies that want to complete the transmission line. If the Maine court system rules that the referendum vote was unconstitutional, then the energy companies involved can continue construction.

Siemens Gamesa, Doosan Enerbility Sign Strategic MoU For Korean Offshore Wind
June 27, 2022

Siemens Gamesa, Doosan Enerbility Sign Strategic MoU For Korean Offshore Wind

Global renewable energy player Siemens Gamesa has announced that it has signed a MOU with Doosan Enerbility to investigate strategic cooperation within offshore wind power activities on several Korea-focused fronts. They are related to collaboration on large-scale offshore wind turbines, sharing of major services including construction of new Korean production facilities, the supply of wind turbine parts, offshore wind turbine installation, and turbine maintenance, among others.

'Massive surge' in renewables and energy efficiency driving up global market spending: IEA
June 24, 2022
Source: Recharge

'Massive surge' in renewables and energy efficiency driving up global market spending: IEA

Worldwide energy investment to rise by 8% this year to reach $24trn but agency chief Birol warns added growth is still not enough to tackle energy and climate crises.

Coal India plans green mining options by leveraging technology to boost output
June 18, 2022

Coal India plans green mining options by leveraging technology to boost output

New Delhi: State-owned CIL is looking at green mining options by leveraging a slew of eco-friendly technologies in both underground and opencast mines, a move that would help in augmenting the production and reduce the adverse impact on environment. With land turning out to be a major pain point for expansion of coal mining operations, these technologies bypass land acquisition and avoid its degradation. "Coal India Ltd (CIL) is taking a close look on green mining options in a bid to minimize adverse environmental impact by leveraging a slew of eco-friendly technologies in its underground and opencast mines," the maharatna firm said.

Biden orders emergency steps to boost U.S. solar production
June 8, 2022
Source: APNEWS

Biden orders emergency steps to boost U.S. solar production

President Joe Biden ordered emergency measures Monday to boost crucial supplies to U.S. solar manufacturers and declared a two-year tariff exemption on solar panels from Southeast Asia as he attempted to jumpstart progress toward his climate change-fighting goals.

ReNew Power moots Rs 50,000 crore investment in renewables, battery, green hydrogen units in Karnataka
May 25, 2022
Source: Economics Times

ReNew Power moots Rs 50,000 crore investment in renewables, battery, green hydrogen units in Karnataka

ReNew Power chairman Sumant Sinha signed the MoU with Karnataka's additional chief secretary (Industries) EV Ramana Reddy in the presence of chief minister Basavaraj Bommai, Industries Minister Murugesh Nirani, and IT/BT Minister CN Ashwath Narayan at the Karnataka Pavillion at the world economic forum (WEF) in Davos.

L&T, IIT Bombay collaborate to develop green hydrogen technology
April 27, 2022
Source: Energy World

L&T, IIT Bombay collaborate to develop green hydrogen technology

"L&T...signed an agreement with the Indian Institute of Technology Bombay, the nation's premier technology and research institution, to jointly pursue research and development work in the green hydrogen value chain," the company said in a statement.

"India, Maldives plan transmission interconnection for transfer of renewable power . "
April 27, 2022
Source: Energy World

"India, Maldives plan transmission interconnection for transfer of renewable power . "

"Singh appreciated the resolve of Maldives government to achieve net zero emission target by 2030, according to a power ministry statement. "

High Prices Make Oil And Gas Much More Appealing To Big Banks
April 12, 2022
Source: Oil Price

High Prices Make Oil And Gas Much More Appealing To Big Banks

Banks have been actively seeking ways to distance themselves from the oil and gas industry in recent years under growing pressure from pro-energy transition activists.

Indian Oil, L&T, ReNew to form JV for green hydrogen business
April 4, 2022
Source: Live Mint

Indian Oil, L&T, ReNew to form JV for green hydrogen business

Additionally, Indian Oil and L&T have signed a binding term sheet to form a JV with equity participation to manufacture and sell electrolyzers used in the production of green hydrogen

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