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Waiver on ISTS charges on offshore wind and hydrogen projects announced
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The government has announced a complete waiver of the inter-state transmission system (ISTS) charges on offshore wind, green hydrogen and ammonia projects for 25 years.
As per a notification issued by the Ministry of Power, the waiver is applicable to projects commissioned till December 31, 2032. The decision will facilitate wider execution of offshore wind energy initiatives, as well as promote expansion of green hydrogen/green ammonia projects, and the offtake of renewable energy from energy storage system projects.
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Generous US and EU incentives will make it harder for India to achieve its green hydrogen goals, says Minister
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Union Minister for Power, Raj Kumar Singh, expressed concerns about the challenge India faces in achieving its green hydrogen goals due to generous incentives provided by the US and the EU. He mentioned that the US introduced a clean hydrogen production tax credit of US$ 3 per kilogram, which covers the estimated cost of producing hydrogen, a subsidy that India cannot afford to match.
He emphasized India's advantage in generating renewable electricity at the lowest cost globally but highlighted the US's ability to "print its money," giving it an advantage. However, Singh remained optimistic and stated that India would still become a champion in green hydrogen production. India is preparing for its first series of subsidized green hydrogen auctions, aiming to produce three million tonnes of renewable hydrogen and 15 GW of electrolysers within the next five years.
India plans to provide a subsidy of 30 rupees (USD 0.36) per kilogram produced, significantly lower than the maximum subsidies offered by the US and the EU. India also aims to establish common standards for green hydrogen through an upcoming clean energy ministerial with G20 countries in July, focusing on enabling friction-free international trade. India's National Green Hydrogen Mission aims to capture 10% of the global market for green hydrogen and ammonia by 2030. Singh emphasized the importance of free and open trade to ensure a global green transition, stating that a few countries alone going green will not make a significant difference.
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India aims for increased refining capacity with focus on 20 MTPA
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Union Minister for Petroleum and Natural Gas, Hardeep Singh Puri, has said that India would be building more refineries to increase the capacity to 450 million tonnes per annum.
Speaking at an energy summit in New Delhi, the minister said that “the refineries will make petro-chemicals and green hydrogen. At this time, the refining capacity is 250 MT per annum, and we want to increase it to 400 to 450 MT per annum.”
“We are looking at a large number of 20 MT per annum refineries and not the bigger ones,” he said. Talking about India’s stride towards green energy, the minister said “We have reached 10 percent blending in June 2022, and our saving on import bill was INR 41,000 crores. We will achieve the target of 20 percent blending by 2025, much before the initial target of 2030.”
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ONGC plans USD 12 billion green energy spend
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State-controlled ONGC that produces more than half of the country’s oil and gas plans to grow its renewable power portfolio to 10,000 MW by 2030 from 189 MW at the end of March, its chairman Arun Kumar Singh has said.
“India will continue to grow in fossil fuel demand until 2040, but at the same time we will have to step up our efforts for green energy,” he was reported by a section of the media as saying at a press conference.
ONGC will invest USD 12 billion by 2030 in a bid to balance its fossil fuel-heavy energy portfolio with green projects, the reports added.
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Healthcare and diagnostic firm, Credent to launch a large EV Delivery Fleet
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Credent, also known as C3 Logistics, a healthcare and diagnostic firm, is embarking on a significant sustainability initiative by launching India's largest electric vehicle (EV) delivery fleet. The company plans to convert its entire fleet of 2500 vehicles to EVs, aiming to support the healthcare industry's sustainability efforts and reduce carbon emissions. To facilitate this transition, Credent will establish a robust charging infrastructure in the areas where it operates, partnering with charging station providers to create a strategically located network of charging points.
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NTPC Green Energy signs MoU to work on more solar projects in Uttar Pradesh
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L&T set to play a part in infrastructure creation of world’s largest Green Hydrogen plant
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NTPC Green Energy Limited (NGEL) and Uttar Pradesh Rajya Vidyut Utpadan Nigam Limited (UPRVUNL) signed a Memorandum of Understanding (MoU) at NRHQ, Lucknow. The MoU aims to foster collaboration in the development of renewable energy parks and projects, as well as support the Indian government's efforts towards energy transition.
The agreement outlines the establishment of floating and ground-mounted solar projects in the Rihand reservoir, other water bodies, and available vacant land. Additionally, a solar PV project dedicated to the solarisation of Ayodhya city and the creation of renewable energy parks and projects wherever suitable land is available is included in the MoU.
NGEL and UPRVUNL will work together to form a Joint Venture Company (JVC) to fulfill the Renewable Generation Obligation and enable flexibility in the generation and scheduling of thermal/hydro power stations through bundling with renewable energy and energy storage. UPRVUNL, responsible for setting up and operating power-generating stations in Uttar Pradesh, currently operates four thermal power stations within the state, totalling 5,820 MW, and has a joint venture with NTPC for an additional 1,320 MW thermal power station.
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The Power Transmission & Distribution Business of Larsen & Toubro has achieved an important milestone for the Power Elements and Grid packages of the world’s largest green hydrogen plant being built by NEOM Green Hydrogen Company.
Located at Oxagon in Saudi Arabia’s region of NEOM, NEOM Green Hydrogen Company (NGHC) is an equal joint-venture by ACWA Power, Air Products and NEOM. NGHC is setting up a mega plant to produce green hydrogen at-scale for global export in the form of green ammonia with a total investment of USD 8.4 billion. Supported by 23 local, regional, and international banking and financial institutions, the project has now achieved full financial close and construction is moving forward.
A few quarters ago, L&T secured the approval to establish the Renewable Energy Generation, Storage, and Grid infrastructure. This approval came from Air Products, the system-integrating EPC Contractor and exclusive off-taker of green ammonia to be produced from the project. The total value of the packages awarded to L&T amounts to an impressive USD 2.779 billion.
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Kerala invites bids for 2.7 MW Solar Power Projects
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INKEL, a public-private partnership initiative promoted by the Government of Kerala, has initiated a bidding process for the selection of a contractor for the supply, installation, and commissioning of two grid-connected ground-mounted solar projects in the state. The projects, with capacities of 1.5 MW and 1.2 MW, are planned to be developed at the Nenmara and Kanjikkode substations, respectively.
The deadline for submitting bids for the 1.5 MW project is June 17, 2023, while the deadline for the 1.2 MW project is June 2, 2023. Bidders are required to provide an earnest money deposit of INR 50,000 each and a performance security deposit of 5% of the total contract value for each project. Eligible bidders must have prior experience in similar projects and a minimum average annual turnover of 10 million for the last five financial years. The selected contractor for each project will be responsible for completing the work within the specified timeframe of 8 months and 4 months, respectively, from the site handover.
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Gujarat to launch its draft green hydrogen policy soon
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The Gujarat government is formulating its Green Hydrogen Policy through extensive consultations with stakeholders. This policy is being crafted in strict accordance with the guidelines set forth by the Ministry of Environment, Forest, and Climate Change. The objective is to foster the manufacturing of green hydrogen, aligning with India's ambitious target of reducing carbon emissions by 45% by 2030.
To support green hydrogen projects, the government of Gujarat has published its land policy, offering incentives to businesses investing in this sector. These incentives include requirements for reaching specific green hydrogen production capacity milestones within a specified timeframe. Notable companies like Reliance and Adani have already committed significant investments in green hydrogen, with agreements totalling in trillions of rupees. The location of green hydrogen plants will be determined based on factors like land availability, water resources, transmission facilities, and port accessibility. The allocation of a substantial amount of land, along with the increased production of green hydrogen, will significantly boost the demand for renewable energy in Gujarat.
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Future Proof Shipping launches a hydrogen-powered inland container ship
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Dutch shipping company, Future Proof Shipping (FPS) launched one of the first hydrogen-powered zero-emissions inland container ship, H2 Barge 1, in Rotterdam, Netherlands. This milestone was celebrated in the presence of Minister Mark Harbers, who presented FPS Founder Huib van de Grijspaarde with the prestigious A-Zero emission label, recognizing the vessel's zero-emission status. Nike has partnered with FPS and the Binnenlandse Container Terminals Nederland (BCTN Network) of Inland Terminals to accelerate zero-emission shipping. The H2 Barge 1, chartered by BCTN on behalf of Nike EMEA, will operate between Rotterdam and BCTN's inland terminal in Meerhout, significantly reducing greenhouse gas emissions by approximately 2000 tonnes of CO2 annually. The launch of H2 Barge 1 marks a remarkable achievement and paves the way for further advancements in environmentally-friendly shipping practices.
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