Energy Digest for the Week

Global

Dutch energy company Anode Energy plans to file for bankruptcy, the third in the Netherlands this year to become insolvent due to high energy prices.

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Nissan to invest $17.6 billion over next five years to ramp up electric vehicle offering.

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Japanese auto major Honda Motor Co has set up a battery sharing service subsidiary in India with a capital of Rs 135 crore.

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Abu Dhabi National Oil Company has announced an investment of $127 billion for 2022-26, as oil and natural gas reserves rise in UAE.

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National

Tariff discovered in the latest bid of the Solar Energy Corporation of India (SECI) for wind power generation stood at Rs 2.69 to Rs 2.70 per unit

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India has achieved its target of 40% power generation capacity based on non-fossil sources in 2021 itself instead of 2030, as part of its NDC committed at COP21

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India and the European Union have agreed on a detailed work program until 2023 to implement clean energy and climate partnership that was agreed in 2016

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According to IEA, India’s new renewable power capacity is forecast to rise to 290 gigawatts (GW) in 2021, surpassing the previous all-time high set last year.

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ReNew Power and L&T have announced a partnership agreement to jointly develop, own, execute and operate green hydrogen projects in India.

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Indian Energy Outlook

Pic: IEX There is no doubt that India is on a path to become one of the largest economies in the world. Still, India's per capita energy consumption today is one-third the global average. Such low per capita energy consumption is an indication of the potential for economic growth. Surely energy will play a critical role in supporting — or encumbering — India's economic growth. The country's energy needs include electricity for agriculture, rural electrification, greater mobility and the power to develop and run modern infrastructure. Primary energy sources like coal, biomass, petroleum and natural gas are predominantly being used in electricity generation, cooking, transportation and industrial processes. In order to shift towards renewable or green energy alternatives for energy generation processes, India has announced an ambitious target of installing 450 GW of renewable energy plants by 2030. This target is higher than our total fossil fuel based ...

Hydrogen Economy

Hydrogen Economy What is Hydrogen? Hydrogen is a natural chemical element. In nature, it exists as a molecule. That means that it is made up of two hydrogen atoms, which is why its chemical formula is H ₂ . It is perhaps best known as one of the elements that makes up water. The other is oxygen. That is why water’s chemical formula is H 2 O. In fact, it is naturally linked to other elements. That is, it does not exist on its own. Hydrogen is the simplest and most abundant element on earth—it consists of only one proton and one electron. Hydrogen can store and deliver usable energy, but it doesn't typically exist by itself in nature and must be produced from compounds that contain it. Hydrogen gas has remarkable characteristics including colourless, tasteless and invisible that make it hotly pursued. It can also be transformed into a renewable, non-polluting and zero emission energy resource. It’s considered the cornerstone of the new energy econom...

COVID–19 Statistical Analysis

1. INTRODUCTION Covid-19 which was first identified in Wuhan, China is now a pandemic globally. As per World Health Organization (WHO), Covid-19 has so far infected 8,844,171 people and has claimed 465460 lives globally. 216 countries have been affected so far by the deadly virus. The rapid spread of Covid-19 has stretched public health systems beyond their limits and caused unprecedented collapse in economic activities. Dealing with the unforeseen challenges caused by the deadly virus has taken a significant toll on people across the world. The fact that India is doing reasonably well under the circumstances is what seems to have prompted the government to relax some restriction and allow limited activities. The sheer size of diversity of India makes the battle against the pandemic complex and time consuming. How we work together to fight the pandemic, protect people and their livelihoods and avert the destruction of our economy will determine our future post Covid-19. Our ...

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