Page 3 - Energy Sector
Adani Green Energy inks pact with SECI to supply 4,667 MW renewable energy
Adani Green Energy (AGEL) has inked a pact with state run Solar Energy Corporation of India (SECI) to supply 4667 MW of green energy. According to a company statement, this is the world's largest ever green power purchase agreement (PPA). "This is yet another step in our journey to enable India's dual objective to accelerate India's renewable energy footprint as well as promote domestic manufacturing under the Aatmanirbhar Bharat programme, said Gautam Adani, Chairman of the Adani Group. Following the proceedings at COP 26, it is increasingly evident that the world has to equitably transition to a low carbon economy faster than previously anticipated, he noted. This is why the Adani Group has committed USD 50-USD 70 billion of investment in the renewables space. This agreement keeps us well on track to our commitment to become the world's largest renewables player by 2030," Adani added. The AGEL-SECI agreement to supply 4,667 MW is part of a manufacturing-linked solar tender of 8,
 "Adani Green Energy inks pact with SECI to supply 4,667 MW renewable energy")
Green certificates trade to resume on IEX, PXIL from Wednesday
Renewable Energy Certificate or green certificate trades were suspended in July 2020
 "Green certificates trade to resume on IEX, PXIL from Wednesday")
India plans to achieve half of its renewable potential by 2030
The government needs to decide projects based on equity. For now, most of the renewable projects are concentrated in only a few states
 "India plans to achieve half of its renewable potential by 2030")
Best of BS Opinion: The energy headwind, entrepreneurs of green era & more
Here are the best of BS Opinion pieces of the day
 "Best of BS Opinion: The energy headwind, entrepreneurs of green era & more")
JSW Energy net profit falls 3.7% to Rs 339 crore in Sept quarter
The total revenue during July-September 2021 increased 12 per cent year-on-year
 "JSW Energy net profit falls 3.7% to Rs 339 crore in Sept quarter")
Adani Group commits 70% capex until 2030 to energy transition
Adani is incubating the first Indian data center company that will power all its data centers by renewable power by 2030.
 "Adani Group commits 70% capex until 2030 to energy transition")
China economy set to slow after successive batterings: Report
Crackdown on property market, energy crunch to hamper growth
 "China economy set to slow after successive batterings: Report")
India invites EoI for Battery Energy Storage System for 1 GW/hour project
Central Government has given go ahead for inviting the expression of interest for installation of 1000 MWh Battery Energy Storage System as a pilot project
 "India invites EoI for Battery Energy Storage System for 1 GW/hour project")
EU proposes tax breaks, caps to shield users from energy rally
The rally in natural gas to power and emission permits is hurting everyone from German chemicals producers to Spanish households just as the economy is recovering from the pandemic
 "EU proposes tax breaks, caps to shield users from energy rally")
Oil whipsaws in volatile session as energy crunch stokes recovery concerns
Energy crunch stokes inflation, economic recovery concerns
 "Oil whipsaws in volatile session as energy crunch stokes recovery concerns")
Oil prices increase for fourth day amid energy crunch
Brent crude was up 21 cents or 0.3% at $83.86 a barrel at 0632 GMT
 "Oil prices increase for fourth day amid energy crunch")
Energy crisis sets stage for record global carbon dioxide emissions
The trajectory poses a new threat to the Paris Agreement goal of limiting global temperature increases to 1.5°Celsius
 "Energy crisis sets stage for record global carbon dioxide emissions")
Surging oil prices lift material, energy stocks on Wall Street
US crude jumped 2.28% to $81.16 per barrel, a level not seen since late 2014, and Brent rallied 1.9% to $83.98
 "Surging oil prices lift material, energy stocks on Wall Street")
India set to hit 450 GW renewable energy installed capacity by 2030: MNRE
Earlier this month, the MNRE in partnership with FICCI, organised a series of events, from October 6-8 during the Climate and Biodiversity Week at Expo 2020 Dubai.
Power ministry mandates energy accounting for discoms to curb power losses
Energy accounting reports will provide detailed information about electricity consumption by various categories of consumers and the transmission and distribution losses in various areas.
 "Power ministry mandates energy accounting for discoms to curb power losses")
Indian Oil defers maintenance shutdown of units at Haldia: Report
Haldia refinery has two crude and vacuum distillation units.
 "Indian Oil defers maintenance shutdown of units at Haldia: Report")
Crude jumps on global energy crunch; US oil at 7-year high
Prices have risen as more vaccinated populations are brought out of coronavirus lockdowns, supporting a revival of economic activity
 "Crude jumps on global energy crunch; US oil at 7-year high")
Reliance to transform energy business, says Morgan Stanley
Over the next few decades, the world will need to fundamentally retool the way it produces and consumes energy
 "Reliance to transform energy business, says Morgan Stanley")
China relaxes coal mine safety norms on deepening energy crisis
A shortage of coal heading into winter has sent prices in China and around the world surging to record levels
 "China relaxes coal mine safety norms on deepening energy crisis")
China orders top energy companies to secure supplies at all costs
The order came directly from Vice Premier Han Zheng, who supervises the nation's energy sector and industrial production, and was delivered during an emergency meeting earlier this week
