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EVERSOURCE CAPITAL Portfolio Generates 8.7 Mn Megawatt Hours of Renewable Energy: Annual Sustainability Report

Eversource Capital, a climate impact investor, has announced its fourth annual sustainability report, titled “Innovation. Inclusion. Impact.” The report highlights as of March 2024, including a reduction of 8.75 million tonnes of CO2e emissions, the generation of 106 million hours of renewable energy, and the facilitation of electric vehicle mobility, positively impacting 106 million lives. […]

Powering Progress: Corporate India’s Pivotal Role In Renewable Energy Transition

“A mix of direct renewable energy consumption from the grid, on-site generation and strategic use of energy attribute certificates can significantly green their energy profile,” writes Rohit Bhagwat, office managing principal, ZS and member of the global ESG steering committee of ZS. India stands at a critical juncture on its path to a renewable energy-powered […]

Reviving Our Lands: The Role Of Renewable Energy In Preventing Desertification

“Changing climate patterns are pushing cities like Delhi to the brink of desertification, with temperatures soaring up to 50 degrees Celsius, causing severe heat stress, unprecedented water crises, and reliance on ad-hoc water tankers,” writes Shashank Sharma, Founder, Chairman and CEO, Sunsure Energy. According to the UNCCD’s (United Nations Convention to Combat Desertification) report “Drought […]

India Shipping To Switch Over To Renewable Energy By 2026 To Meet Net Zero

India plans to convert all its coastal and inland waterways shipping to renewable energy by 2026. The move is part of India’s efforts to boost its renewable energy share and reduce greenhouse gas emissions in the shipping industry India’s shipping sector is poised for a significant shift towards renewable energy sources, with ambitions to transition […]

Indian Grant For Renewable Energy To Three Islets In North Sri Lanka

The Sri Lanka Sustainable Energy Authority, the Government of India, and U Solar Clean Energy Systems, a Bengaluru-based company, signed the agreement, This project by India addresses the energy needs of the people of the three islands India and Sri Lanka have inked an agreement for the development of a hybrid renewable energy system across […]

Renault Nissan Automotive Taps 85 Percent Of Renewable Energy At TN Plant

The company at its factory premises has a solar energy plant with a capacity to produce 2.2 MW, which can be further scaled up to 14 MW over the next few years Renault Nissan Automotive India, a prominent automobile manufacturer, has achieved a significant milestone by utilising 85 per cent  renewable energy for its operations […]

Government Intensifies Commitment To Renewable Energy In Pursuit Of Net-Zero Targets

Moving towards its goal of net zero emissions by 2070 the government stated a  viability gap funding for harnessing offshore wind power to the tune of 1GW  In her interim budget presentation on Wednesday, Finance Minister Nirmala Sitharaman presented significant measures under the government’s solar initiatives, particularly highlighting the Pradhanmantri Suryodaya Yojana. This solar rooftop scheme […]

Harness Energy & Resources Correctly For Sustainable Future: Expert

To make world a better place, we must worry about harnessing energy and resources correctly   Sustainability, in its widest meaning, is the capacity to sustain or continue a process over an extended period of time. Sustainability in commercial and policy contexts aims to keep natural or physical resources from running out so they can […]

ONGC Plans Creation Of Subsidiary Dedicated To Green Gas Ventures

The oil and gas behemoth plans to spend Rs 1 lakh crore on installing 10 GW of renewable energy capacity and building a per-annum capacity of two million tonnes of green ammonia by 2035 as part of its decarbonisation strategy   India’s state-owned Oil and Natural Gas Corporation (ONGC) is pushing ahead with ambitions to enter […]

SAEL Raises USD 1 Billion To Boost Renewable Energy Portfolio

The investment will drive the expansion of the company’s solar and biomass projects, capitalising on the conducive market potential and government schemes in the renewable energy sector   SAEL, a renewable energy startup, has successfully raised USD 1 billion in finance from a number of financial organisations, including Tata Cleantech, DFC, ADB, and Norfund. The money will […]