Clean Energy Access Network (CLEAN) in partnership with NITI Aayog, Government of India is organising the fourth edition of India Energy for All Summit (IEAS) from 4-5 February 2020 at the India Habitat Centre, New Delhi. India is one of the fastest growing economies in the world. There is a serious need to keep the economic growth aligned with climate change commitments. Responsible production and consumption of clean and affordable energy at source therefore needs to be practiced widely and regularly.
In a bid to boost India’s gas economy, the ministry of petroleum and natural gas on Thursday released a draft city gas distribution policy, which could be adopted by states to facilitate speedy implementation of city gas distribution (CGD) networks and value-added services. Reduced road taxes and value-added tax (VAT) may also be in the offing for gas-driven vehicles. The draft policy suggests setting up of a committee, under the chairmanship of the chief secretary, which will help formulate policies and streamline the processes for various permissions to develop the CGD infrastructure.
The Solar Energy Corporation of India (SECI) recently informed that it will be organising a pre-bid meeting for the 4-megawatt (MW) floating solar power plant in Andaman & Nicobar Islands. It would be for the selection of solar power developer for the floating power plant with 2 MW/1 MWh battery energy storage system at Kalpong Dam in Diglipur, North Andaman. “A pre-bid/clarification meeting shall be organised at project site Union Territory, Kalpong Dam in Diglipur, Andaman and Nicobar, India on 30-01-2020 (Thursday) at 1100 hrs onwards,” SECI said in a recently issued notification.
The demand for domestic two-wheelers is likely to remain weak in the near-term on the back of the implementation of BS-VI norms, which is expected to further force a 10-12 per cent increase in ownership cost across segments, according to credit rating agency ICRA. According to ICRA’s analysis, the industry is already facing several headwinds that have adversely impacted sales, and the transition to the new emission norms will further heighten the already subdued outlook. The automobile industry will transition to BS-6 emission norms by April 1, 2020.
MG Motor India Pvt. Ltd, a recent entrant into India’s automobile market, on Thursday said it has received interest from state-run Energy Efficiency Services Ltd (EESL) for procuring at least five of its new ZS electric sport-utility vehicle (SUV) for use by top bureaucrats and ministers. The interest from EESL, a joint venture of four state-run companies in the power sector aimed at promoting energy efficiency, is a sign that MG Motor India could be in the running for more electric vehicle orders from the government.
French energy major ENGIE will sell majority stake in solar power projects in India to Edelweiss Infrastructure Yield Plus (EIYP) and its portfolio company Sekura Energy. The company, which operates 1,500 megawatts (MW) of renewable capacity in India will sell 74 per cent stake in 12 solar power projects totaling 813 MW, it said in a statement. The deal, expected to be closed by the first half of 2020, is estimated to help ENGIE reduce its debt by Euro 400 million.
Bengaluru-based start-up Bounce, on Thursday, announced that it had raised an additional $105 million (₹746.33 crore) in its Series-D funding round. The funding was co-led by existing investors Eduardo Saverin from B Capital and Accel Partners India, TechCrunch reported. The new amount raised places Bounce’s valuation at just over $500 million. Bounce was valued at $200 million last June after its Series-C funding round.
Buoyed by the massive response to its first product Hector SUV and massive pre-booking to its electric car ZS EV, M G Motor India expects to reach optimum utilization at Halol plant by producing one lakh units by next years, and eyeing new segments to expand its footprint in the Indian market. MG Motor, owned by the Chinese automotive conglomerate, SAIC is studying the next phase of expansion with a new manufacturing unit that could be a facility with an additional 2-lakh units-a-year.
The feature phone, TV and connected essentials brand, Detel on Thursday announced its entry in EV segment in India with a new electric vehicle. The company said in a release that it is all set to disrupt the Indian EV market with its unique and affordable offerings under its initiative #deteldecarboniseindia. With this foray, Detel will bring its products to the Indian market, to enable consumers, businesses and governments in the adoption of electric mobility. Commenting on the development, Yogesh Bhatia, MD &Founder, Detel says, “We see a huge opportunity in Indian EV Industry.
City based electric vehicle manufacturer, Gayam Motor Works (GMW), will be expanding its association with Amazon by providing majority of three-wheeler EVs for the latter’s last mile delivery. The startup is also looking at further expanding its ties with e-commerce and logistic majors like Grofers, Flipkart, BlueDart, BigBasket and others. The company had signed up an agreement with e-commerce players like Amazon. And now the e-commerce giant is planning to order much larger fleet with GMW. “We have been supplying our vehicles to Amazon and other e-commerce companies for over a year now.
In a first, India has topped the clean energy investment rankings among 104 emerging markets worldwide in a BloombergNEF survey. In the top five, followed by India, were Chile, Brazil, China, and Kenya. The survey evaluated the ability of the emerging markets to attract capital for low-carbon energy sources while building a greener economy. “India’s aggressive policy framework and copious capacity expansions propelled it to first place in 2019, from second in 2018.
Indian Institute of Technology Madras and Karlsruhe Institute of Technology (KIT), Germany, researchers have developed a new class of high entropy materials for use as cathodes in long-lasting and better performing lithium ion batteries. While lithium ion batteries are ubiquitous with almost all consumer items being powered by them, their limited lifetime has remained a challenge to overcome. Poor lifetime of lithium ion batteries arises from the poor cycling stability of the cathodes.
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