Category — Electricity

Coca-Cola Factories in India Go Green

Hindustan Coca-Cola Beverages said that all three of its factories that it operates in India’s southern states of Andhra Pradesh and Telangana will be using solar power as the primary source of energy for manufacturing operations. The company has signed agreements with Vibrant Energy, a Hyderabad-based green energy solutions company, to procure 2.7 million units of solar power for these manufacturing facilities.

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Christina Rugiero, CEO, Hindustan Coca-Cola Beverages said, “Ensuring the well being of the planet is a shared goal. As one of India’s top manufacturing company, preserving and protecting the environment is a responsibility that we take seriously. We are inspired by India’s ingenuity and the government’s vision of achieving 40% cumulative electric power capacity from non-fossil fuel based energy resources by 2030.”

February 6, 2018   No Comments

American Energy Exports to India Grow

U.S. Energy Secretary Rick Perry will visit India this month to further enhance a recently added component in bilateral ties — energy trade. Last year India bought $2 billion worth of American crude oil from the  via  India’s state-owned Bharat Petroleum Corporation Limited, Indian Oil Corporation, and Hindustan Petroleum Corporation Limited

Rick Perry

Rick Perry, U.S. Energy Secretary

The Trump administration removed regulations that had restricted oil and coal production, leading to a ramping up of fossil fuels production in the last year. “Energy is an important area to focus on to reduce the trade imbalance between the two countries. India needs a lot of energy and the U.S. has it in abundance,” pointed out Nisha Biswal, president of the U.S.-India Business Council.

Both state-owned and private sector companies in India have invested approximately $5 billion in shale assets in the U.S. Natural gas imports from the U.S. are also on the rise. “The U.S. India Strategic and Partnership Forum (USISPF) believes natural gas generation can be integrated with renewable energy to increase energy reliability and advance economic development in India and we’ve advocated for this discussion to be raised during the upcoming bilateral discussions in Delhi,” said Nolty Theriot, USISPF vice president of Policy & Advocacy.

February 5, 2018   No Comments

Enphase Energy Launches R&D Center in India

Petaluma, California-based energy technology company and supplier of solar microinverters, Enphase Energy Inc., opened it first Indian R&D center in Bangalore.

“I am pleased to announce our first R&D center in India, which is an important part of our overall global strategy,” said Badri Kothandaraman, president and CEO of Enphase Energy. “The abundant engineering and technology talent in India not only fits well with Enphase’s core of product innovation, but also helps us in operational excellence to achieve our 30-20-10 financial operating model.”

An enphase microinverter being bolted to the racking system

Business Insider reports that India has a mature R&D ecosystem that includes many renewable energy companies with more than twenty years of business in the region. Enphase Microinverters integrated solar plus storage solutions are designed and proven to operate for decades in harsh climates such as India’s.

 

December 7, 2017   No Comments

India to Float Tenders for Solar and Wind Power

Raj Kumar Singh, India’s minister for power and new and renewable energy said that 20 gigawatts each of wind and solar power contracts will be auctioned to boost India’s capacity to manufacture equipment, such as solar modules, or panels, which account for nearly 60% of a solar power project’s cost. Most solar power developers in India source solar modules and equipment from countries such as China, where prices are lower. But due to this, Indian manufacturers account for only about 10% of the market despite India having an ambitious 175 GW clean energy target by 2022, of which 100 GW is projected from solar projects.

The Government of India plans to award contracts to developers who quote the lowest price at which they will sell electricity in the auction process for the grid-linked capacity. The projects are expected to be commissioned in phases, reports Live Mint.

Solar Panels

Solar Panels

“It is a great move. Bidding pipeline has gone dry for quite some time and this is very much welcome. This reinforces the government’s commitment to solar… I would also hope that issues related to land acquisition, electricity evacuation and power purchase agreements are simultaneously addressed,” said Sanjay Aggarwal, managing director at Fortum India Pvt. Ltd.

November 11, 2017   No Comments

India Open to $300 Billion Oil & Gas Investments

India will offer global investors $300 billion worth of investment opportunities in the hydrocarbon sector over the next decade to keep pace with the country’s energy demand, India’s Minister for Oil Dharmendra Pradhan said.

Speaking in New Delhi at the India Energy Forum, organized by CERAWeek the Houston-based information and insights company IHS Markit, Pradhan said that India’s oil and gas output has been stagnant for years while its fuel demand has risen. Modi’s government is taking steps to unlock the country’s vast energy reserves and boost foreign investment in the sector; it has relaxed rules, including those on pricing and marketing, he added.

Natural Gas, Oil Rig

India, which imports over 80 percent of its oil needs, wants to reduce this figure by 10 percent by 2022, reports Live Mint. The country wants to attract foreign investors to $300 billion worth of energy projects that will include increasing the country’s refining capacity, oil and gas block exploration, and developing gas infrastructure, including the transport of liquefied natural gas and re-gasification.

October 15, 2017   No Comments