Adani Group chairman Gautam Adani said on Wednesday that his company's main goal is to become the world's largest solar power company by 2025 and largest renewable power company by 2030. "Given our goal to become the world's largest solar power company by 2025 and the world's largest renewable power company by 2030, we feel confident that we will be able to lead one of the fastest global carbon offsets. We are looking forward to this transformation," said Mr Adani in a LinkedIn post. "The age of renewable energy has dawned upon the world faster than most could have anticipated.
At a time when global business captains in Davos are debating how to deal with climate-change risks, top Indian philanthropists have launched India Climate Collaborative (ICC), aimed at connecting and strengthening the Indian climate community. This marks the first ever collective response by Indian industry leaders, such as Ratan N Tata, Anand Mahindra, Rohini Nilekani, Nadir Godrej, Aditi and Rishad Premji, Vidya Shah, and Hemendra Kothari, for an effective action “towards a shared climate goal”.
The Ministry of New and Renewable Energy (MNRE) has recommended to its commerce and finance counterparts to impose basic customs duty on the imports of solar cells and modules mainly from China. "We have recommended to the Ministry of Commerce and Ministry of Finance that the Government of India should levy basic custom duty on import of solar cells and modules," MNRE secretary Anand Kumar said speaking at an industry event here.
India has successfully completed the phasing out of Hydrochlorofluorocarbon (HCFC)-141b, used by foam manufacturing companies and one of the most potent ozone-depleting chemicals, the Union Environment Ministry said on Wednesday. Ozone occurs naturally in small amounts in the upper atmosphere of the earth. It protects life on earth from the sun’s ultraviolet (UV) radiation. “HCFC-141b is not produced in the country and all the domestic requirements are met through imports.
PMI Electro and BYD-Olectra have won large contracts floated by state transport agencies for supply of electric buses under a government scheme to promote green mobility, followed by Tata Motors, JBM Auto and Mytrah, people aware of the development said. Haryana-based PMI Electro Mobility Solutions, which has a technical tieup with Chinese commercial vehicle maker Beiqi Foton Motors, has bagged contracts for about 750 electric buses in the tenders that have been finalised so far, the persons cited earlier told ET, requesting not to be named.
European alternative asset manager EQT and Singapore’s state investment firm Temasek Holdings Pte. on Wednesday announced that they have jointly set up O2 Power, a $500-million renewable energy platform in India. O2 Power will target more than four gigawatts (GWs) of installed capacity across solar and wind projects, comprising both greenfield projects, as well as mergers and acquisitions, the companies said in a joint statement. This would be EQT Infrastructure’s first investment in India. EQT is investing in the platform through its EQT Infrastructure IV fund.
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