An exceptional performance on the solar photovoltaic (PV) front led India a notch higher at the third spot on EY’s Renewable Energy Country Attractiveness Index. Post pandemic growth of India’s solar sector is expected to grow significantly, with generation from solar PV forecast to exceed coal before 2040, EY said in a statement. This dramatic change has been driven by the Indian government’s policy ambitions, which has led solar PV to be the most cost competitive source of power in the region and improving further with time, it further added. The observations are as per the 57th EY Renewable Energy Country Attractiveness Index (RECAI) released by EY globally.
Okaya Power has commissioned 100 KWp hybrid solar plant at its manufacturing unit at Baddi in Himachal Pradesh. More than 144 Mwh energy will be generated annually reducing its power consumption from the grid to 40 %, as per a statement. The commissioned hybrid solar plant unit is self-sufficient for its daily energy requirement and with continuous power supply even in the scenario of unanticipated power cuts happening due to grid failure, supports the production process. Power is generated by the hybrid solar systems in the same way as a common grid-tie solar system but use special hybrid inverters and batteries to store energy and operate as a backup power supply. This is a great solution for conserving energy sources by reducing wastage.
At the Leaders Summit on Climate held on 22nd April, 2021, India and the United States launched a new high-level, “U.S. – India Climate and Clean Energy Agenda 2030 Partnership.” This comes after a thorough period of re-engagement on climate and energy between the two nations. This partnership aims to create stronger bilateral cooperation on actions in the current decade to meet the goals of the Paris Agreement. The Partnership will proceed along two main tracks: the Strategic Clean Energy Partnership and the Climate Action and Finance Mobilization Dialogue.
The partnership, led by Prime Minister Modi and US President Biden, will focus on driving urgent progress in this critical decade for climate action. Both the countries have set ambitious 2030 targets for climate action and clean energy. India has set a target of installing 450 GW of renewable energy by 2030 while the United States has set an economy-wide target of reducing its greenhouse gas emissions by 50–52% below 2005 levels in 2030. The two countries aim to work together in achieving their climate and clean energy targets through strengthening of bilateral collaboration across climate and clean energy.
India’s engineering goods exports to 23 key markets recorded positive y-o-y growth in April 2021, said on Saturday. According to the council, overall merchandise trade from the country surged primarily on account of base effect. “All the product groups other than ‘ships, boats and floating structures’ recorded positive growth during this period. The growth momentum has continued for the past few months despite Covid shadow,” said Mahesh Desai, Chairman, EEPC India. Engineering goods exports in April plummeted 229.74% in value terms to $7.60 billion from $2.31 billion in the corresponding month last year as per EEPC India’s data.
“Non-ferrous segment as a whole comprising aluminium, zinc, nickel, lead, tin and other products witnessed 110.5 % growth in exports during this period,” the statement said.
Chennai Metro Rail has awarded Tata Projects an order to build a 9 km underground stretch with four stations for an estimated cost of ₹1,999 crore. The project is part of the phase 2/corridor 3 of the Chennai metro and falls between Venugopal Nagar and Kellys Station, the company said. The work involves construction of the 9 km twin bored tunnels, totalling 18 km, from Venugopal Nagar to Kellys Station. The work has to be completed in four years. Raman Kapil, vice-president and head of metros & tunnels business unit at Tata Projects, said they have received the letter of acceptance from the Chennai metro authorities.
