In order to reach its ambitious goal of having net zero carbon emissions by 2070, India must prioritize green growth supported by a sustainable economy. On February 1, 2023, the Finance Minister prioritized the issue while presenting the Union Budget 2023 to the Parliament. Sustainability and climate action have garnered the most attention recently, not only in India but also on numerous international platforms in other nations. Even numerous national leaders, such as the Minister of Petroleum and Natural Gas, have repeatedly emphasized the nation's plans for renewable energy, such as producing and exporting green hydrogen or researching sustainable aviation fuel for aircraft.
In three years, renewable energy will overtake all other sources of electricity worldwide, according to new data. A very high and rising demand exists for electricity.
Toyota Tsusho Corporation will purchase an 85% stake in SB Energy from SoftBank Group Corporation. With 85% of the stock, Toyota Tsusho will become the parent company of SB Energy, and SBG will become an affiliate with 15% of the stock.
A delegation from Norway led by Minister for Trade and Industries Jan Christian Vestre will arrive in India on Thursday, according to the Norwegian Ambassador to India, Hans Jacob Frydenlund. The delegation will discuss green shipping and renewable energy.
The G20 members who attended the first Energy Transitions Working Group (ETWG) meeting in Bengaluru made the decision to collaborate on priority projects to achieve energy security and diversify the supply chains of new energy sources, according to a statement released by the Ministry of Power on Sunday.
ST Telemedia Global Data Centers India (STT GDC India) will purchase power from O2 Power, a subsidiary of O2 Energy SG, via open access in captive mode, according to the company's announcement. Using the electricity, the company will power its data centers in Bengaluru, Karnataka. The 201.1 MW wind-solar hybrid project in Karnataka by O2 Power will provide renewable energy.
The Vedanta Group declared that it would rely on open access under the captive method to get 600 MW of solar energy and 91 MW of hybrid renewable energy for its various businesses. The statement was made by the corporation in a BSE filing. The projects would be developed through the special purpose vehicles (SPVs) of Serentica Renewables India. It would be done in accordance with the power delivery agreements (PDAs) between Vedanta and Serentica.
On February 8 and 9, the Institution of Engineers (India), Tiruchi local center, in association with the Electrical Engineering department at Anna University's BIT campus, will host a national workshop on "Renewable energy integration with energy storage systems."
The Board of Vedanta approved plans for the Group to source 91 MW of hybrid renewable energy (50 MW for aluminum operations, 16 MW for copper operations, and 25 MW for oil and gas operations) and 600 MW of solar power (for aluminum operations) for its operations in copper, oil, and gas, and Jharsuguda, India, on January 27, 2023.
Last year marked a double turning point for the decarbonization of the world's energy system. The first year that worldwide investment in the energy transition was on par with that in fossil fuels, according to BloombergNEF's most recent statistics release.
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Technology is a useful servant, but a dangerous master, it was rightly said. Electronic devices have grown into an inevitable part of our daily lives.