renewable energy – Energy Tower http://energytower.org/ Thu, 17 Mar 2022 06:06:15 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://energytower.org/wp-content/uploads/2022/02/icon-2022-02-03T174243.577.png renewable energy – Energy Tower http://energytower.org/ 32 32 A third of Australia’s electricity came from renewable energy sources in 2021 – The Market Herald https://energytower.org/a-third-of-australias-electricity-came-from-renewable-energy-sources-in-2021-the-market-herald/ Thu, 17 Mar 2022 05:02:26 +0000 https://energytower.org/a-third-of-australias-electricity-came-from-renewable-energy-sources-in-2021-the-market-herald/ Subscribe Be the first with news that moves the market Australian carbon markets had a record year in 2021 with almost a third of all electricity generated on average coming from renewable energy sources The results were published today in the Clean Energy Regulator’s December 2021 Carbon Market Quarterly Report (QCMR) and are double what […]]]>

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  • Australian carbon markets had a record year in 2021 with almost a third of all electricity generated on average coming from renewable energy sources
  • The results were published today in the Clean Energy Regulator’s December 2021 Carbon Market Quarterly Report (QCMR) and are double what they were in 2017.
  • The improvement was attributed to the fifth year of record-breaking rooftop solar PV installations as well as increased investment in large wind and solar power plants
  • A record number of Australia’s Large Scale Generation Certificates and Carbon Credit Units have been canceled as the wider community voluntarily shows support for renewables and net emissions reductions

Australian carbon markets had a banner year in 2021 with almost a third of all electricity generated on average coming from renewable energy sources.

The results were published today in the Clean Energy Regulator’s December 2021 Carbon Market Quarterly Report (QCMR) and are double what they were in 2017.

The improvement was attributed to the fifth year of record-breaking rooftop solar PV installations as well as increased investment in large wind and solar power plants.

Industry, Energy and Emissions Reduction Minister Angus Taylor said Australia leads the world in rooftop solar absorption.

“Australia now has more solar generation capacity per person than any country in the world, and more wind and solar power than any country outside of Europe,” he said. declared.

“There is an 11-year trend of growth in the share of electricity from renewable sources, which bottomed out in 2008-09 at just 7.5% under Labour.

“Last year saw another record for the Emissions Reduction Fund (ERF), with 17 million Australian Carbon Credit Units (ACCUs) issued, representing 17 million tonnes of carbon emissions stored or avoided. “

A record number of Australia’s large-scale generation certificates and carbon credit units have been canceled as the wider community voluntarily shows support for renewables and net emissions reductions.

According to the Clean Energy Regulator, units and certificates issued in Australian carbon markets reduced emissions by the equivalent of 58 million tonnes in 2021, 9.1% more than in 2020.

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Azerbaijan and UAE’s Masdar company sign several agreements on renewable energy sources (PHOTO) https://energytower.org/azerbaijan-and-uaes-masdar-company-sign-several-agreements-on-renewable-energy-sources-photo/ Tue, 15 Mar 2022 09:18:00 +0000 https://energytower.org/azerbaijan-and-uaes-masdar-company-sign-several-agreements-on-renewable-energy-sources-photo/ BAKU, Azerbaijan, March 15 Tendency: The signing ceremony of four memorandums of understanding between Azerbaijan and the UAE Masdar company on cooperation in renewable energy production was held in Baku, Trend correspondent reported at the conference of press dedicated to the inauguration ceremony of the Garadagh solar power plant with a capacity of 230 megawatts. […]]]>

BAKU, Azerbaijan, March 15

Tendency:

The signing ceremony of four memorandums of understanding between Azerbaijan and the UAE Masdar company on cooperation in renewable energy production was held in Baku, Trend correspondent reported at the conference of press dedicated to the inauguration ceremony of the Garadagh solar power plant with a capacity of 230 megawatts.

A memorandum of understanding on cooperation in the field of integrated marine renewable energies has been signed.

The document was signed by Azerbaijani Deputy Energy Minister Samir Valiyev and CEO of Masdar Mohamed Jameel Al Ramahi.

In addition, a memorandum of understanding on renewable energies and energy efficiency was signed.

Vice President of Azerbaijan Railways CJSC Hijran Valehov and CEO of Masdar Mohamed Jameel Al Ramahi signed the memorandum.

Executive director of Azerbaijani investment company Ulvi Mansurov and CEO of Masdar Mohamed Jameel Al Ramahi signed a memorandum of understanding on electricity generation from municipal solid waste.

In addition, a memorandum of understanding on cooperation in renewable and clean energy in the economic regions of Karabakh and Eastern Zangazur was signed.

The document was signed by Director of the State Agency for Renewable Energy under the Azerbaijani Ministry of Energy Tabriz Ammayev and CEO of Masdar Mohamed Jameel Al Ramahi.

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Biogas Power Plant Market 2022 Top Key Players | SP Renewable Energy Sources Pvt. Ltd, Beijing Sanyi Green Energy Development, CEZ Group, Beijing DQY Agriculture Technology https://energytower.org/biogas-power-plant-market-2022-top-key-players-sp-renewable-energy-sources-pvt-ltd-beijing-sanyi-green-energy-development-cez-group-beijing-dqy-agriculture-technology/ Tue, 15 Mar 2022 08:26:02 +0000 https://energytower.org/biogas-power-plant-market-2022-top-key-players-sp-renewable-energy-sources-pvt-ltd-beijing-sanyi-green-energy-development-cez-group-beijing-dqy-agriculture-technology/ Global Biogas Power Plant Market Report Highlights Latest Market Advancements Amid COVID-19 Pandemic Market research store has published the latest report on the global Biogas Power Plant Market. The report provides all the valuable data based on the fundamental fragmentation of the market into different sectors. In this research report, different vital elements including competitive […]]]>

Global Biogas Power Plant Market Report Highlights Latest Market Advancements Amid COVID-19 Pandemic

Market research store has published the latest report on the global Biogas Power Plant Market. The report provides all the valuable data based on the fundamental fragmentation of the market into different sectors. In this research report, different vital elements including competitive landscape, geographical spread, market dynamics, market share, and other market growth attributes. The report on the Biogas Power Plant Market also covers market breakdown and size through detailed study of regional and company profiles. The report includes all the information about the global biogas plant market, breakdowns, competitive players, applications, etc. decoded. The study also innately determines the market status, barrier analysis, sales breakdown, risks, growth drivers, and opportunities to guide through the in-depth market analysis.

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Biogas Power Plant Market Size, Status and Forecast 2028

1 Market Overview
2 manufacturer profiles
3 Global Biogas Power Plants Sales, Revenue, Market Share and Competition by Manufacturer
4 Global Biogas Power Plants Market Analysis by Regions
5 North America Biogas Power Plants by Countries
6 biogas power plants in Europe by country
7 Biogas Power Plants in Asia-Pacific by Countries
8 Biogas Power Plants in South America by Country
9 Biogas Power Plants in Middle East and Africa by Country
10 Global Biogas Power Plant Market Segment by Type
11 Global Biogas Power Plant Market Segment by Application
12 Biogas Power Plant Market Forecast
13 Sales channel, distributors, traders and resellers
14 Research findings and conclusion
15 Appendix

In addition, key market players mentioned in the report include IES BIOGAS, Biofrigas Sweden AB, Beijing DQY Agriculture Technology, SP Renewable Energy Sources Pvt. Ltd, CEZ Group, Beijing Sanyi Green Energy Development, Agrinz Technologies GmbH, Quadrogen, Swedish Biogas International, Mengniu Dair, Ameresco Inc, Tropical Power, Air Liquide, EnviTec Biogas AG, PlanET Biogas Global GmbH, Hangzhou Environmental Group, Wartsila, Scandinavian Biogas. The company profile provides comprehensive market revenue, future development, industry policies, strategies, and demand analysis with the help of comprehensive market analysis. The study also details the market status, regional distribution, latest innovations, and government policies pertaining to the Biogas Power Plant market. The regional segmentation United States, Canada, and Mexico into North America, Peru, Brazil, Argentina, and Rest of South America as part of South America, Germany, Italy, United Kingdom, France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Hungary, Lithuania, Austria, Ireland, Norway, Poland, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Vietnam, Rest of Asia-Pacific (APAC) in Asia- The Pacific (APAC), South Africa, Saudi Arabia, United Arab Emirates, Kuwait, Israel, Egypt, the rest of the Middle East and Africa (MEA) offers the understanding, reach and application of this market. A valuable source of relevant data can be obtained from the report through the competitive and strategic analysis.

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The report also discusses the details such as economic, environmental, social, technological, and political status of the Biogas Power Plant market after observing and studying various factors. Regional profiling of market revenue, size and volume will provide insight into the growth rate of the market over the forecast period. The comprehensive summary of the Biogas Power Plant Market will provide readers with a clear overview of the investment potential in the market. The market research report provides a clear picture to fight competition in the market. All the macroscopic and microscopic footprints of the market are well explained in the Biogas Power Plants Market report.

Segmentation:

By product : Electricity production from livestock farms, Electricity production from industrial wastewater, Electricity production from municipal wastewater

By app : Domestic electricity, Commercial electricity, Others

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What are the objectives of the report?

This market report shows the projected market size for the Biogas Power Plant Market by the end of the forecast period. The report also examines historical and current market sizes.

Based on various indicators, the charts present the year-on-year growth (%) and the compound annual growth rate (CAGR) for the given forecast period.

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The report analyzes companies around the world in detail.

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More electricity must be generated by renewable energy sources: SA Wind Energy Association – SABC News https://energytower.org/more-electricity-must-be-generated-by-renewable-energy-sources-sa-wind-energy-association-sabc-news/ Sun, 13 Mar 2022 02:47:48 +0000 https://energytower.org/more-electricity-must-be-generated-by-renewable-energy-sources-sa-wind-energy-association-sabc-news/ The South African Wind Energy Association (SAWEA) says more electricity needs to be generated by renewable energy sources as South Africa and the world face massive oil price hikes and gas. The association highlighted the opportunity to build private generation plants by independent producers, as the country faces power outages. There are concerns about the […]]]>

The South African Wind Energy Association (SAWEA) says more electricity needs to be generated by renewable energy sources as South Africa and the world face massive oil price hikes and gas.

The association highlighted the opportunity to build private generation plants by independent producers, as the country faces power outages.

There are concerns about the impact of diesel price increases on Eskom, which uses diesel generators to supplement electricity from its coal-fired plants.

SAWEA Managing Director Niveshen Govender said that although there are many alternatives, renewable energy is by far the most feasible.

“We have more demand for electricity than we can supply as a country. So any new generation capacity that comes online will be helpful and helpful in combating the load shedding challenges we face. As a country, we have already installed 5 gigawatts of renewable energy, of which 3.3 is wind energy, so given the good market conditions, I think that renewable energy, and wind energy in particular, can provide more electricity to the grid faster and at a lower cost,” says Govender.

SAWEA says renewables need to be accelerated

Meanwhile, Eskom announced on Thursday that the utility would reduce power outages from phase three to phase two.

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Government urged to harness local energy sources https://energytower.org/government-urged-to-harness-local-energy-sources/ Fri, 11 Mar 2022 13:23:56 +0000 https://energytower.org/government-urged-to-harness-local-energy-sources/ The government should focus on tapping more indigenous energy resources, especially renewables, to help protect consumers from volatile oil and coal prices in the international market, a producer alliance said on Thursday. renewable energy (RE). Jose Layug Jr., president of Developers of Renewable Energy for Advancement (Dream), at a forum hosted by the University of […]]]>

The government should focus on tapping more indigenous energy resources, especially renewables, to help protect consumers from volatile oil and coal prices in the international market, a producer alliance said on Thursday. renewable energy (RE).

Jose Layug Jr., president of Developers of Renewable Energy for Advancement (Dream), at a forum hosted by the University of the Philippines School of Economics Alumni Association, revealed that the country does not had not caught up with its objective of installing renewable energy capacities.

“Between 2010 and 2022, we only have an additional 2,300 megawatts (MW) of renewable energy capacity left when the target is 10,000 MW more. We need 8,000 MW between 2022 [and] 2030,” he said.

Added to this, he said, are unreliable power plants that are prone to unplanned outages, the rising cost of coal on the international market and the ongoing war in Ukraine.

He said about 35% of installed generation capacity is from power plants that have been in operation for at least 20 years. As a result, the country has seen an increase in annual blackouts, particularly during the summer months.

With the profile of the existing power plants, the average annual call capacity increased to 2,637 MW at the end of the 2019 billing year compared to 2,258 MW in 2018.

In terms of forced outages, the number increased from 1,231 MW in 2019, 1,783 MW in 2020 and 2,045 MW in August 2021.

These problems could even be exacerbated by the coal export ban imposed by Indonesia, the restriction of gas supplies from Malampaya, the increase in oil prices due to the Russian-Ukrainian conflict and delays in the completion of the modernization of transmission lines.

As the country’s economy opens below Alert Level 1, Layug said a peak in demand should be expected next May.

To be able to catch up with the targeted capacity, he suggested that the government should speed up the establishment of new power plants in the country.

“The government should declare the preference or priority of renewables over fossil fuels as a policy to send the right signal to investors,” Layug said.

The government should facilitate the approval of all permits for power plants and encourage distribution utilities and electricity cooperatives to conduct a competitive selection process covering only renewable energy, in accordance with their electricity supply plans.

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On the road to a green economy: improving legislation on renewable energy sources – Energy and Natural Resources https://energytower.org/on-the-road-to-a-green-economy-improving-legislation-on-renewable-energy-sources-energy-and-natural-resources/ Thu, 10 Mar 2022 12:48:43 +0000 https://energytower.org/on-the-road-to-a-green-economy-improving-legislation-on-renewable-energy-sources-energy-and-natural-resources/ The adoption of the law “relating to support for renewable energies” in 2009 created favorable conditions for sustainable development, the diversification of the energy sector and the development of renewable energies (RES). However, investors have suggested certain changes to the legislation based on international best practices to reflect the current state of the industry. Here […]]]>

The adoption of the law “relating to support for renewable energies” in 2009 created favorable conditions for sustainable development, the diversification of the energy sector and the development of renewable energies (RES).

However, investors have suggested certain changes to the legislation based on international best practices to reflect the current state of the industry. Here are some suggestions given so far.

Auction qualification requirements

Bidder qualification requirements determine which vendors are eligible to participate in the auction, including the conditions they must meet and the documentation they will provide prior to the auction. An important aspect of the requirements for large RES projects is the relevant experience of a potential developer.

Currently, in accordance with the legislation of Kazakhstan, to participate in the auction, participants confirm the qualification requirements only for legal capacity providing copies of articles of incorporation, certificates of state registration/re-registration, legal entity details, and application fees for auction participation.1 In addition to the documents, a bank guarantee is required.

As auctions for renewable energy sources generally do not require qualification based on experience, we refer to international practice to examine the advantages and disadvantages.

According to international practice, qualification requirements in terms of experience include the analysis of the following documents:

  • experience in the development of RES installations;

  • experience in operating RES facilities;

  • experience to attract similar amounts of funding.

For example, during the auction organized by the Moroccan Association for Sustainable Energy (MASEN) in 2011, the following experience criteria were taken into account:

  • the candidate company must have experience in the development and operation of a solar power plant with a minimum capacity of 45 MW;

  • no penalties or damages incurred for delays or improper performance;

  • experience in thermal power projects: the candidate company must have experience in the development, operation and management of thermal power plants in the last ten years of at least 500 MW in total, of which at least 100 MW over the past seven years.2

Overall, stricter qualification requirements ensure that the state will have qualified bidders, resulting in better infrastructure in the form of renewable energy sources such as solar, wind and hydroelectric power plants.

However, we note that it would be desirable to balance the implementation of qualification requirements in order to mitigate the risk of barriers to entry for new players in the renewable energy market.

Investment attractiveness

Direct tuning

A direct agreement is a special tool that allows project lenders to claim the position of borrower/sponsor in the event of contractual default, which would otherwise give the project implementer the right to terminate or suspend the contract in question. .

For the financing of RES projects, it is desirable to have an explicit agreement that allows lenders to replace the seller in the event of serious breaches of the power purchase agreement (PPA). As a result, lenders can find a solution that allows them to safely continue building or operating a power plant; otherwise, the project becomes non-viable.

We specify that the direct agreement must be regulated in detail. There should be provisions such as notices to creditors, extension of repayment periods, rights of intervention and the right to novate the PPA in favor of the replacement organization.3

Change in law

It is common worldwide practice for commercial contracts to contain a boilerplate change of law clause that guarantees some compensation in the event of such subsequent negative impact on a party to the contract.

Although the provisions of the Civil Code of Kazakhstan guarantee the stability of contracts, they do not apply, for example, to tax, customs, monetary and other issues related to the performance of contracts and closely related to the performance and contract results.4

To date, electricity producers have not been assisted in the event of unfavorable changes in legislation or regulations. This support should take the form of an adjustment of the PPA tariff in order to maintain economic balance, ensuring that no profit or loss is incurred by the producer as a result of changes in legislation.

Furthermore, we note that in addition to the above-mentioned aspects of SER regulation, the improvement of the PPA model contract provisions by the Financial Settlement Center, changes in tariff indexation and other aspects need to be addressed.

The legislative framework for RES is improving year by year, and we hope that this trend will have a positive impact on the overall development of the RES market and help Kazakhstan on the path to a “green economy”.

Footnotes

1. Order of the Minister of Energy of the Republic of Kazakhstan of December 21, 2017 No. 466 on approval of the rules for the organization and conduct of auctions, which includes the requirements for qualification of auction bidders, content and procedure submission of an application, types of financial guarantees for the auction and the conditions for their payment and restitution, the procedure for summarizing the results and determining the winners.

2. IRENA, Renewable Energy Auctions: Design Guide, irena.org/RE-auctions guide

3. Understanding Power Purchase Agreements, Second Edition, page 87

4. “General questions of contractual stability in civil law and conditions of stability in contracts of subsoil use”,
https://online.zakon.kz/Document/?doc_id=31505542&pos=4;-111#pos=4;-111

The content of this article is intended to provide a general guide on the subject. Specialist advice should be sought regarding your particular situation.

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I&M expands the use of clean energy sources https://energytower.org/im-expands-the-use-of-clean-energy-sources/ Sun, 06 Mar 2022 22:04:12 +0000 https://energytower.org/im-expands-the-use-of-clean-energy-sources/ The latest integrated resource plan was released by Indiana Michigan Power. Spokeswoman Tracy Warner told WSJM News that under state law, I&M must release a plan covering the next few years every five years. This latest plan includes a commitment to quadruple the use of wind and solar energy by I&M by 2028. “One of […]]]>

The latest integrated resource plan was released by Indiana Michigan Power. Spokeswoman Tracy Warner told WSJM News that under state law, I&M must release a plan covering the next few years every five years. This latest plan includes a commitment to quadruple the use of wind and solar energy by I&M by 2028.

“One of the things driving this is that I&M’s coal-fired Rockport plant in southern Indiana will be retired by the end of 2028, and I&M obviously needs to have the resources and the generation to offset that. “Warner said.

Warner says I&M is looking to add 2,100 megawatts of wind and solar power generation by 2028. That’s almost as much power as that generated by Cook’s plant. Warner says there are multiple benefits to using clean energy.

“One thing about wind and solar power is that there are no fuel costs, so we know it will be an affordable way to generate electricity.”

Another benefit, according to Warner, is that relying on renewable energy in the home reduces vulnerability to future events that could affect energy supply. I&M is now researching where to install these wind and solar farms and will announce more in the coming years.

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“Work in progress to use alternative energy sources” https://energytower.org/work-in-progress-to-use-alternative-energy-sources/ Sun, 06 Mar 2022 05:50:43 +0000 https://energytower.org/work-in-progress-to-use-alternative-energy-sources/ LAHORE: Punjab Energy Minister Dr. Muhammad Akhtar Malik said work was underway on various projects in the province to use alternative energy sources in line with international standards. He expressed them while chairing a meeting of the Punjab Power Development Board on Saturday. He said several projects have been launched to help tackle the challenges […]]]>

LAHORE:

Punjab Energy Minister Dr. Muhammad Akhtar Malik said work was underway on various projects in the province to use alternative energy sources in line with international standards.

He expressed them while chairing a meeting of the Punjab Power Development Board on Saturday. He said several projects have been launched to help tackle the challenges of climate change and generate cheap electricity to meet local needs.

The minister further said that the provincial government is committed to boosting the renewable energy sector for which it has increased the annual budget from Rs5 billion to Rs7 billion.

The meeting was also attended by Additional Secretary of Enterprises Aslam Shahid, Additional Secretary Admin Tayyab Farid and Heads of Public Sector Enterprises in the department among others.

The meeting reviewed the performance of the companies’ boards of directors. Expressing concern that some council members remain absent from council meetings, the provincial minister ordered that their slots be replaced with more qualified experts.

He said the plan to generate electricity from waste was of immense importance, so the work should be expedited quickly and the summary of the solid waste-to-energy project should be moved to the latest. next week.

He also asked business leaders to send him details of the proceedings of previous meetings and the objectives achieved so far.

Published in The Express Tribune, March 6and2022.

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Sustainable growth is only possible with sustainable energy sources, says PM Modi https://energytower.org/sustainable-growth-is-only-possible-with-sustainable-energy-sources-says-pm-modi/ Fri, 04 Mar 2022 06:50:27 +0000 https://energytower.org/sustainable-growth-is-only-possible-with-sustainable-energy-sources-says-pm-modi/ Prime Minister Narendra Modi said on Friday that India could be a global hub for green hydrogen because ample availability of renewable energy gives the country an inherent advantage. He also said India’s clear vision is that sustainable growth is only possible with sustainable energy sources. Addressing a post-budget webinar, Prime Minister Modi said, “The […]]]>

Prime Minister Narendra Modi said on Friday that India could be a global hub for green hydrogen because ample availability of renewable energy gives the country an inherent advantage.

He also said India’s clear vision is that sustainable growth is only possible with sustainable energy sources.

Addressing a post-budget webinar, Prime Minister Modi said, “The wide availability of renewable energy gives India an inherent advantage, it can be a global green hydrogen hub.”

Prime Minister Modi has said India can become a global hub for green hydrogen because ample availability of renewable energy gives the country an inherent advantage.

Noting that the hydrogen ecosystem is interconnected with fertilizers, refineries and the transport sector, he called for innovation by the private sector in the field.

“The hydrogen ecosystem is interconnected with fertilizers, refineries and the transport sector. This is an area where the private sector must innovate to fully utilize India’s potential. I promise the private sector that the government is with you in your efforts,” he said. .

Arguing that sustainable growth is only possible with sustainable energy, he said energy and sustainable growth are inspired by the country’s traditional practices and provide a pathway for our future needs and aspirations.

Prime Minister Modi said he pushed for sustainable living at the COP 26 summit in Glasgow last year, along with a pledge to become a net zero country by 2070.

“In Glasgow we promised to become a net zero country by 2070. I also promoted sustainable living – the LIFE – Lifestyle for Environment mission,” he said.

“By 2030, India has set a target to extract 50% of its energy from non-fossil fuels. This is our opportunity to shift to more sustainable practices. We must focus on building of a hydrogen ecosystem in which the private sector can play a central role,” Prime Minister Modi said.

The prime minister said there was still a lot to be done to make more energy-efficient products, including household appliances.

“Energy saving and production are equally important for sustainability. We need to do much more to build more energy efficient air conditioners, heaters, geysers and similar devices here in India.

“LED bulbs used to cost Rs 300-Rs 400. Our government has increased its production which has reduced the cost. We have distributed nearly 37 crore of LED bulbs under UJALA, saving a lot of electricity, money for the poor and carbon emissions,” Modi said. .

Prime Minister Modi has urged households to install solar trees to meet India’s growing energy demand and help save up to 15% electricity for each home.

Speaking at a post-budget webinar on “Energy for Sustainable Growth”, he also said that four pilot projects to gasify coal and convert coal into chemicals needed by industry will be put in place to to evolve the technical and financial viability of the transition to renewable energies. Prime Minister Modi said, “With the coming years, India’s energy demand will increase, therefore, we must switch to renewable energy.”

“Each household should develop their own solar tree which can help save up to 15% of electricity for that house. It will not only be unique, but it will be environmentally friendly,” he added.

Furthermore, he said that the seminar intends to focus on the implementation of the new budget schemes and chart the paths by which effective and concrete execution can begin.

“We need to focus on transparent implementation of the budget for the benefit of the masses. These seminars are designed for industries to come up with innovative solutions that can deliver optimal results for this year’s budget,” Prime Minister Modi said. .

(With PTI entries)

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Posted: Friday, March 4, 2022, 12:20 p.m. IST

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Prime Minister Narendra Modi says sustainable growth is only possible through sustainable energy sources https://energytower.org/prime-minister-narendra-modi-says-sustainable-growth-is-only-possible-through-sustainable-energy-sources/ Fri, 04 Mar 2022 06:35:00 +0000 https://energytower.org/prime-minister-narendra-modi-says-sustainable-growth-is-only-possible-through-sustainable-energy-sources/ At a post-budget meeting on Friday, Prime Minister Narendra Modi said sustainable growth was only possible through sustainable energy sources. The first budget since India joined the pledge to achieve net zero carbon by 2070 had a strong focus on energy transition and climate action. “Whatever goals India has set, I don’t see them as […]]]>

At a post-budget meeting on Friday, Prime Minister Narendra Modi said sustainable growth was only possible through sustainable energy sources. The first budget since India joined the pledge to achieve net zero carbon by 2070 had a strong focus on energy transition and climate action.

“Whatever goals India has set, I don’t see them as a challenge but as an opportunity,” Modi said during a webinar on “Energy for Sustainable Growth.” He spoke about India’s goal to reach 500 gigawatts of non-fossil power capacity and to reach 50% of installed power capacity from non-fossil power by 2030.

The meeting brought together members from the Ministries of Power, Petroleum, Renewable Energy, Coal, Mining, External Affairs, Environment, Forestry and Climate Change.

Prime Minister Narendra Modi said the world is witnessing the depletion of all types of natural resources and in such a scenario, a circular economy is the demand of the hour. “We have to make it a mandatory part of our lives,” Modi said.

Read also :

Referring to the recently announced National Hydrogen Mission, the Prime Minister said that India can become a green hydrogen hub given its inherent advantage in the form of abundant renewable energy. He called for private sector efforts in the region.

“Provisions have also been made in this year’s budget regarding battery swap policy and interoperability standards. This will reduce the problems encountered in the use of electric vehicles in India,” he said.

He said the announcement of the 2022 budget of Rs 19,500 crore for manufacturing high-efficiency solar modules will help establish India as a global hub for manufacturing and R&D of solar modules and related products. India is playing a leadership role in global collaborations such as the International Solar Alliance.

Modi pointed out that alongside energy production, energy saving is equally important for sustainability. “You should work on how to make air conditioners, heaters, geysers and furnaces more energy efficient in our country,” he advised the industry.

He gave an example of the promotion of LED bulbs on a large scale. He said the government first reduced the cost of LED bulbs by promoting production and then 37 crore of LED bulbs were distributed under the Ujala scheme.

“It saved 48,000 million kilowatt hours of electricity and saved around Rs 20,000 on the electricity bills of poor and middle class families. Annual carbon emissions also saw a drop of 4 crore tonnes. Local bodies are saving Rs 6,000 crore every year through the adoption of LED bulbs in street lamps,” he said.

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