Cabinet approves offshore wind energy projects in Gujarat, Tamil Nadu with total outlay of Rs 7,453 cr
The Union Cabinet approved India's first offshore wind energy projects with a capacity of 1 GW, divided equally between Gujarat and Tamil Nadu, at a total cost of Rs 7,453 crore. Information & Broadcasting Minister Ashwini Vaishnaw highlighted this as a landmark decision, emphasizing the significant opportunity it represents for India's renewable energy sector. Key Points
Economic TimesUS weather forecast for Friday: High wind alert for California, Los Angeles; Snow storm continues to lash
California and Los Angeles areas will continue to witness high wind warnings until Friday morning. A snow storm will continue in Denver till Friday morning. Key Points
Economic TimesCapable of winds 4x the speed of sound, how India's new trisonic wind tunnel will aid rocket launches
The 2nd of 3-part series looks at TWT at Vikram Sarabhai Space Centre that can run at 3 wind velocity ranges. It was built by Tata Projects, Canada’s Aiolos Engineering Corp & others. Key Points
ThePrintThe US Has Big Plans for wind Energy—but an Obscure 1920s Law Is Getting in the Way
The Biden administration aims to deploy offshore wind turbines capable of generating 30 gigawatts of power by 2030. With less than a decade to go, the country remains woefully behind target. Key Points
WIREDThe US Has Big Plans for wind Energy—but an Obscure 1920s Law Is Getting in the Way
The Biden administration aims to deploy offshore wind turbines capable of generating 30 gigawatts of power by 2030. With less than a decade to go, the country remains woefully behind target. Key Points
WIRED
Solar wind particle experiment payload onboard Aditya-L1 starts operations, says ISRO
Aditya-L1 is the first Indian space-based observatory to study the Sun from a halo orbit around the first Sun-earth Lagrangian point (L1), which is located roughly 1.5 million km from Earth. Key Points
FirstpostRIL AGM: Mukesh Ambani to build wind power equipment factory with partners
Indian conglomerate Reliance Industries, led by billionaire Mukesh Ambani, plans to enter the wind power equipment sector by partnering with established companies in the renewable technology field. Ambani stated that the company will offer cost-efficient turbines through collaboration with global leaders in the sector. Reliance is also constructing a carbon-fiber plant in Gujarat to reduce raw material expenses for turbine blades. Key Points
Economic TimesAdani Green Energy net profit rises 51% to Rs 323 crore in Jun quarter
India Business News: Adani Green Energy has announced a 51% increase in consolidated net profit to INR 323 crore ($43.4m) in the June 2023 quarter due to higher revenues. Key Points
Times Of IndiaInox wind Q1 Results: Consolidated revenue rises 65% YoY to ₹352.3 crore, turns EBITDA positive
Inox wind Q1 Results: The company turned EBITDA positive during the quarter and reported consolidated EBITDA of ₹34.8 crore during the period under review from EBITDA loss of ₹25.7 crore during Q1FY23 Key Points
mintInox wind bags order of 150 MW wind power project from NTPC Renewable Energy
As part of the order, Inox wind will supply and install existing and new technology wind Turbine Generators. It will also be responsible for operation and maintenance (O&M) services for the project. Key Points
Financialexpress
Government plans to 'float' offshore oil blocks-cum-wind farms
The Ministry of New and Renewable Energy (MNRE) is in discussions with the Ministry of Petroleum and Natural Gas (MoPNG) to combine the exploration of offshore hydrocarbon blocks with offshore wind farms for better synergies. Initial discussion with stakeholders has been positive. This idea assumes significance as India gets ready to float its first offshore wind seabed lease tender shortly. Key Points
Economic TimesSuzlon Group bags 50 MW wind project from Sembcorp
As part of the order, Suzlon will install 24 wind turbine generators (WTGs) with a Hybrid Lattice Tubular (HLT) tower and a rated capacity of 2.1 MW each, Suzlon Group said in a statement. Key Points
FinancialexpressSky-high kites aim to tap unused wind power
The kite designed by SkySails-Power is designed to remain airborne for hours, days and weeks. In bad weather or in dangerous conditions, it triggers an alarm and can be recovered. Key Points
The Indian ExpressMassive Sails Power Ships Like Never Before
Global trade relies on ships powered by dirty fuel. To meet climate deadlines, some are proposing a return to wind power. Key Points
WIREDSuzlon Energy shares zoom 80% in one month. Is it the beginning or peak of the rally?
Suzlon Energy's shares have surged around 80% in the last month on the back of a strong order book accumulated recently and favourable industry tailwinds. The company recently became net-worth positive after a decade and decreased its net debt by 80% YoY to INR1,180 crore in the fiscal year 2022-23. The firm has a big order book and offers a wide range of wind turbines from 225 kW to the recently-launched 3 MW-S414 series. Key Points
Economic Times
Suzlon bags 69.3MW wind energy project from Juniper Green Energy
"Suzlon Group today announced the second order of the 3 MW product series for the development of a 69.3 MW wind power project for Juniper Green Energy Private Limited," it stated. Key Points
FinancialexpressKarnataka: Industries Minister MB Patil signs up with Suzlon & Renaissance to get Rs 36,000 cr investment
Suzlon and Renaissance Solar are planning to set up their units in Vijayapura district. Suzlon will invest Rs 30,000 crore and Renaissance Solar has proposed Rs. 6,000 crore. Suzlon plans to start a 5,000 MW wind power unit, while Renaissance Solar aims to expand its capacity to 20,000 MW by 2030. Key Points
Economic TimesThe interim budget features hits and misses on climate pathways
It has worthy initiatives. India’s carbon reduction must go by hard-nosed realism so that we don’t back-load climate action. Key Points
mintAdani to invest Rs 2.3 lakh cr in renewable energy, manufacturing capacity
Khavda/Ahmedabad (Gujarat), Apr 7 (PTI) Adani Group will invest about Rs 2.3 lakh crore through 2030 in India’s most ambitious renewable energy expansion and solar and wind manufacturing capacity addition ever as it shrugs off a short-seller attack to pursue its trademark rapid growth plans. Adani Green Energy Ltd, India’s largest renewable energy company, will […] Key Points
ThePrintAdani Green is in talks with banks for $1.8 billion loan
India Business News: Adani Green Energy is in talks with foreign lenders to borrow up to $1.8 billion to fund new solar and wind projects. The banks involved in the discus Key Points
Times Of India
We will invest $3 billion in backward integration: Vneet Jaain
We started with solar wherein we made the modules, the cells, the wafer, and the ingots. We then have plans to go further backward on the polysilicon side. We have also formed joint ventures for the manufacturing of EVA (ethylene vinyl acetate), back sheets, aluminium frames etc. So, whatever goes as input in making a panel, we will be manufacturing it., said Jaain. Key Points
Economic TimesIndia needs 12% growth; if China could do it, why can’t we, asks AM Naik
If China can do it, why can't you do it? The point is, are there any growth opportunities? According to me, there are. If you have resources, managerial resources, technical resources and financial resources. Now, if you are a very efficient country, people will look upon you and invest like they invested billions and billions of dollars in China. Key Points
Economic TimesSuzlon Energy's shares spike after winning 300 MW wind energy project from Torrent Power
Suzlon has bagged a significantly large order for its new 3 MW series of wind turbines to develop a 300 MW wind power project for Torrent Power, the company said in an exchange filing. Suzlon's shares were last up 4.8% at 9.91 rupees apiece on the BSE. It hit an intraday high of 10.20 rupees, a couple of bucks short of its 52-week high of 12.19 rupees. Key Points
Economic TimesSun-observing spacecraft sheds light on the solar wind's origin
The solar wind is a ubiquitous feature of our solar system. This relentless high-speed flow of charged particles from the sun fills interplanetary space. On Earth, it triggers geomagnetic storms that can disrupt satellites and it causes the dazzling auroras - the northern and southern lights - at high latitudes. Key Points
ReutersStocks in news: Inox Wind, Coal India, 360 One Wam, SBI Life, IRCTC
Promoters Inox wind Energy and Devansh Trademart have sold 4.5% and 2.8% stake each in Inox wind through block deals at a weighted average price of Rs 208 a piece. Key Points
Economic Times
Warmer days ahead in Mumbai due to disturbances in western Himalayas
On Monday, the maximum temperature recorded by IMD in Santacruz was 33.1 degrees Celsius, while the minimum was around 21 degrees Celsius, both two degrees above normal. Key Points
The Indian ExpressAdani Green raises capacity by 43%
Adani Green Energy Ltd, the renewable energy arm of the Adani group, increased its capacity by 43% to 8,316 MW in Q2, making it India's largest renewable energy company. The company added 1,750 MW of solar-wind hybrid capacity, 212 MW of solar capacity, and 554 MW of wind power plants. Adani Green aims to achieve 45 GW of renewable energy capacity by 2030 and is actively working towards its net-zero target by 2050. The stock price of Adani Green rose 1.6% after the announcement. Key Points
mintBengaluru techie dead after car enters flooded K R Circle underpass
Bhanurekha was rushed to the nearby St Martha's Hospital, but was declared dead by doctors. Chief Minister Siddaramaiah visited the hospital and declared an ex-gratia of Rs five lakh to the kin of the victim. Key Points
The Indian ExpressAdani Green Energy profit more than triples to Rs 507 crore
Ahead of the earnings announcement, AGEL’s shares closed up 3.67% at ₹950.60 on the BSE on Friday. Key Points
FinancialexpressThe Rapid Intensification of Hurricane Lee Is a Warning
Fueled by warm water and humidity, hurricanes can quickly turn into life-threatening monsters. Get ready for more of this phenomenon as the planet warms. Key Points
WIRED
UK supports UAE, looks forward for strong participation and engagement at COP28: Envoy
On UK's participation at COP28, Edward Hobart said, There will be very strong British participation at COP28. We've been strong contributors at all COPs up to the one that we chaired two years ago in Glasgow. So we'll have many of our leaders as well as British companies, British investors, British scientists and experts contributing to COP28. Key Points
Economic TimesAdani Green Energy in talks with foreign lenders to borrow $1.8 billion, claims report
This potential borrowing initiative follows Adani Group's recent successful securing of a $3.5 billion funding package, which was used to refinance the debt related to the acquisition of Ambuja Cements Ltd. and ACC Ltd. Key Points
Business TodayStocks To Watch: Zee, Adani Ports, ICICI General Insurance, Vedanta, PC Jeweller, SBI, JSW Steel, Inox Wind
The SGX Nifty hinted at a flat start for domestic indices Nifty 50 and Sensex. Here's a look at the key stocks to watch in trade on Tuesday. Key Points
FinancialexpressCyclone Mocha floods homes, cuts communications in western Myanmar, at least 700 injured
Rescuers early May 15 evacuated about 1,000 people trapped by seawater 3.6 meters (12 feet ) deep along western Myanmar’s coast after a powerful cyclone injured hundreds and cut off communications in one of Asia’s least developed countries. Key Points
The HinduCyclone Mocha: Depression in Bay of Bengal to intensify today, Andaman admin issues alert
Depression in Bay of Bengal is set to intensify into cyclone on Wednesday. Andaman administration has issued an alert and advised not to venture into the southeast and adjoining central Bay of Bengal. Key Points
India Today