The New Delhi-based agency's study aims to assess the impact of all the energy programs in India in terms of total energy saved and reduction in the amount of carbon emissions in 2018-19.
According to the report, the total energy savings achieved in 2018-19 stood at 23.73 Mtoe (million tons of oil equivalent) -- 2.69 pct of the total primary energy supply, which was estimated to be 879.23 Mtoe during 2018-19. This includes both supply and demand-side sectors of the economy.
Overall, the study concluded that various energy efficiency measures have translated into monetary savings of $11.9 billion (US) against the savings in 2017-18, which stood at $7.1 billion.
The report also noted
the United Nations Industrial Development Organization, in collaboration with BEE, is executing a global environment facility funded national project to promote energy efficiency and renewable energy in selected MSME clusters in India.
(Source: Indian Bureau of Energy Efficiency, Mercom, 11 May, 2020) Contact: Indian Bureau of Energy Efficiency, +91 11 26178352 - fax, www.beeindia.gov.in
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According to the company's statement, the green loans will be used for financing or refinancing the development, investment, and acquisition of green buildings that achieve or are expected to achieve either a Green Mark Gold PLUS certification from the Building & Construction Authority of Singapore (BCA) or US Green Building Council LEED Gold certification.
The statement also notes CapitaLand will purchase Renewable Energy Certificates (REC) from the solar energy generated from over 21,000 solar panels installed atop CapitaLand's six industrial properties in Singapore.
CapitaLand holds 16 properties in Singapore, China, Belgium, India, and four business parks in India that are fully or partially powered by renewable energy. (Source: CapitaLand, MERCOM India, 16 April, 2020) Contact: CapitaLand Group, Andrew Lim, CFO, www.capitaland.com/international/en.html#menu-lang-main
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To improve the efficiency of its mass-produced modules the company applied a newly developed anti-reflection coating (ARC) and advanced metallization technology alongside other proprietary technology and incorporated into the cell design, eliminating the inter-cell gapto ensure higher efficiency and reliability, according to a release.
According to its statement, JinkoSolar has an integrated annual capacity of 14.5 GW for silicon wafers, 9.2 GW for solar cells, and 15 GW for solar modules, as of September 30, 2019, according to the company. (Source: JinkoSolar, Mercom India, 21 Jan., 2020) Contact: Jinko Solar Holding Co. Ltd., Ripple Zhang, +86 21-5183 3105 firstname.lastname@example.org, www.jinkosolar.com
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The Mercom survey notes that the share of renewable energy is progressively increasing in the Indian electricity mix and that the additional investments in renewable projects up to 2022 (excluding transmission) will be about $80 billion at today's prices and an investment of around $250 billion will be required for the period 2023-2030. ON an annualized basis, a $30 billion investment in renewable energy is expected over the next decade.
According to the survey, the cumulative renewable power installed capacity (excluding hydro of above 25 MW) has more than doubled from 35 GW on March 31, 2014, to 78 GW on March 31, 2019. The target is to achieve an installed capacity of renewable-based power of 175 GW by the year 2022. The share of renewables (excluding hydro above 25 MW) in the total generation was around 10 pct in 2018-19 compared to about 6 pct in FY 2014-15, the survey notes. (Source: Mercom Capital Group, July, 2019) Contact: Mercom Capital Group, (512) 215-4452, email@example.com, www.mercomcapital.com
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The projects are slated for completion in 2022 at an expected cost of approximately $2 billion.
Greenko aims to establish an efficient energy platform to generate round-the-clock (RTC) power is an attempt to create a reliable and schedulable power generation and eventually replace fossil fuels.The majority of Greenko's installations are in the wind, solar and hydro with a combined capacity of 4.2 GW.
(Source: Greenko Energy, MERCOM, 6 June, 2019) Contact: Greenko Energy, Anil Chalamalasetty, CEO, +91 40 40301000, firstname.lastname@example.org, www.greenkogroup.com
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The launch fund would be called the Green Growth Equity Fund (GGEF). The UK government and India's National Investment and Infrastructure Fund (NIIF) will be joint anchor investors in GGEF with a commitment of £ 120 million each.
The London-headquartered CDC is the UK's development finance institution that supports companies that help poor countries grow. (Source: CDC Group, Mercom India, Mar., 2019) Contact: CDC Group,
Srini Nagarajan, Head of CDC Asia, +44 (0)20 7963 4700,
+44 (0)20 7963 4750 - fax,
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Seraphin is also planning a 200 MW half-cell module assembly expansion in Eastern Cape. (Source: Jiangsu Seraphim Solar, Mercom, 11 Dec., 2018) Contact: Seraphin, +86-519-68788166,
email@example.com, www.seraphim-energy.com; Industrial Development Corporation of South Africa, www.idc.co.za
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According to the report, corporate funding in battery storage came from 34 investors, with the top dealan $80-million Series D financing round of behind-the-meter battery startup Stem Inc. Germany's Sonnen GmbH, raised $71 million in a financing round led by Shell Ventures. Massachusetts-based materials technology company Ionic Materials raised $65 million and Durapower raises $40 million while thermal energy storage provider Ice Energy also raised $40 million.
The number of battery storage-related M&A transactions in the six months was eight, only one of which was with a disclosed value. This compares to two such deals in the first half of 2017, according to the Mercon report. (Source: Mercom Capital Group
Contact: Mercom Capital Group, (512) 215-4452, firstname.lastname@example.org, www.mercomcapital.com
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In January-June 2017, smart grid companies raised $304 million while VC funding into energy efficiency technology companies totaled $242 million in 20 deals. On a quarter on quarter basis, VC funding for battery storage companies jumped to $422 million in 10 deals in April-June this year compared to $58 million in eight deals in January-March 2017. VC funding into energy efficiency technology companies fell significantly to $29 million in Q2 2017 compared to the $213 million in in Q1 2017, the report said. (Source: Mercom Capital Group, PTI, Financial Express, Others, 25 Jan., 2017)
Contact: Mercon Capital Group, (512) 215-4452, email@example.com, www.mercomcapital.com
More Low-Carbon Energy News Mercom Capital Group, Energy Efficiency, Battery, Energy Storage, SmartGrid,