Renewable Energy - SmartEnergy

Amp Energy India Closes Investments Totaling up to USD 250 Million from SMBC, ICG, and AIIB.

14Jun

By sapna.gb@gmail.comNo Comments

Amp Energy India Closes Investments Totaling up to USD 250 Million from SMBC, ICG, and AIIB.

Amp Energy India is a leading energy transition platform and India’s first truly balanced Renewable Energy IPP with a total portfolio of 2.7GW+ spread across 17 states in the country. Headquartered in New Delhi with regional offices in Mumbai, Bangalore & Kolkata. It provides renewable energy transition solutions to marquee customers across 10 diverse sectors such as Pharmaceuticals, Automobiles, Cement, Steel, Heavy Engineering, Infrastructure, FMCG, Educational Institutions, IT & Datacenters, Utilities, and Government bodies The Company has now secured up to USD 250 million from SMBC Bank of Japan (Sumitomo Mitsui Banking Corporation), ICG (Intermediate Capital Group), and AIIB (Asian Infrastructure Investment Bank) to fund the growth of the company. Pinaki Bhattacharyya...

Infosys Attainds Carbon Neutrality for the Fourth Consecutive Year

14Jun

By sapna.gb@gmail.comNo Comments

Net-Zero

Infosys Attainds Carbon Neutrality for the Fourth Consecutive Year

According to the ESG report for FY 2023 released by Infosys, the company has attained carbon neutrality for the fourth consecutive year. The ESG reprot mentions its adoption of renewable energy sources has contributed to 57.9 per cent of electricity for its India operations. According to the report, Infosys has installed 14.4 MW of solar PV panels on the rooftops of its office buildings. The report further mentions that the company operates a 40 MW captive solar power plant in Sira, Karnataka, totalling its installed solar capacity to 60 MW. On Supply Chain, Infosys reported that 66 per cent of its spending on suppliers in India was allocated to local suppliers in fiscal 2023. The company emphasised that it did not experience any significant negative environmental or social impacts...

Australian Clean Tech company Endua fixes Renewable Energy’s intermittency problem

25May

By Editorial TeamNo Comments

International Updates

Australian Clean Tech company Endua fixes Renewable Energy’s intermittency problem

One major problem with renewable energy sources like wind, solar and hydro is intermittency. This means they cannot be relied on constantly since, for example, the sun might stop shining or it might be a still, windless day. To fill gaps, users often rely on diesel generators or batteries. But diesel generators produce emissions and batteries only last for a short time. Clean tech startup Endua says it has found the solution with its modular hydrogen generation and storage technology. The Australian startup announced it has raised AU$11.8 million (about $7.8 million). Participants in the round included new investors, Queensland Investment Corporation (QIC), Melt Ventures and 77 Partners, which together put in AU$7.5 million. The rest of the funding came from returning strategic investo...

We entered the Renewable Energy Sector with the mindset to reduce Carbon Footprint and to Create Job and Business Opportunities in this Sector – Prakash R Soni, Founder, Chairman & MD, Sai CabTech Private Limited

23May

By Editorial TeamNo Comments

Interviews, RE Interviews

We entered the Renewable Energy Sector with the mindset to reduce Carbon Footprint and to Create Job and Business Opportunities in this Sector – Prakash R Soni, Founder, Chairman & MD, Sai CabTech Private Limited

Q. To begin with, can you take us through your evolving and inspiring entrepreneurial journey with Sai CabTech P. Limited? The challenges you faced and how did you overcome those challenges? Well; after giving almost 20 years to the various corporate sectors in India and Europe, I have started SAICAB as a complete Trunkey solutions provider in the field of the renewable energy sector with the mindset to explore green energy concepts and to reduce carbon footprints. To turn from the position of successful CEO with corporate over more than a decade, it was quite challenging to begin a new journey as an entrepreneur. I have faced many problems, like making good teams, arranging funds, competing technically and financially qualified in various tenders etc. on behalf of new venture. Q...

Mahatma Phule Renewable Energy and Global Energy Alliance for People and Planet in India partner to implement livelihood-based solar projects in Maharashtra

20May

By Editorial TeamNo Comments

Industry Updates, RE Industry Updates

Mahatma Phule Renewable Energy and Global Energy Alliance for People and Planet in India partner to implement livelihood-based solar projects in Maharashtra

Global Energy Alliance for People and Planet (GEAPP) and Mahatma Phule Renewable Energy and Infrastructure Technology Limited (MAHAPREIT) have announced a strategic partnership to enable the implementation of solar projects of 1000 MW across the state of Maharashtra, India. The MoI was signed to accelerate the adoption of renewable energy and promote sustainable development. Under this partnership, GEAPP and MAHAPREIT will collaborate in enabling the implementation of 500 MW of rooftop solar for small and medium enterprises (SMEs) and 500 MW of ground-mounted decentralised solar under the Prime Minister of India led KUSUM program. The Maharashtra government announced the target of installing 200,000 solar agricultural pumps in the state. Also, the program will target enterprises acro...

Ingeteam launches a Control System for Hybridising different Renewable Energy plants

16May

By Editorial TeamNo Comments

RE Updates, Uncategorised

Ingeteam launches a Control System for Hybridising different Renewable Energy plants

Ingeteam has designed and manufactured the first units of its new control system for hybridising renewable energy plants with different generation technologies. This new system, which is currently under certification process in accordance with the Spanish NTS standard, will soon be installed in the province of Cuenca to hybridise two wind farms with two photovoltaic plants, which will in turn be equipped with Ingeteam photovoltaic inverters. This new solution, called INGECON SUN Multi-Plant Controller, is designed to help the Grid Operator to manage the operation of several generation plants simultaneously, guaranteeing the stability and control of the electricity supply of the renewable hub at the point of connection. It has an advanced control algorithm that runs at a speed that allo...