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Time of India
16-07-2025
- Business
- Time of India
Bulk chemical output set to rise 23% by FY30; RE shift cuts costs, emissions: Report
New Delhi: India's chlor-alkali production is expected to rise from 9.23 million tonnes in FY24 to 11.5 million tonnes by FY30, marking a 23 per cent growth, while emission intensity from the sector could reduce by 12 per cent over the same period, according to a report by JMK Research & Analytics. The report said the chlor-alkali segment accounted for over 71 per cent of India's bulk chemical production in FY24. The sector's average emissions intensity was 1.88 tonnes of CO₂ equivalent per tonne of production in FY24, which is projected to reduce to 1.65 tCO₂e/t by FY30. Under the Greenhouse Gases Emission Intensity Target Rules, 2025, the sector is required to cut its emissions intensity by 2–3 per cent annually starting 2026. DCM Shriram case study: Cost savings and emission reduction DCM Shriram, the country's second-largest caustic soda producer, reported a 26 per cent reduction in power costs and 92,000 tonnes of CO₂ abatement in FY24 through a 43.8 MW wind-solar hybrid plant in Bharuch, Gujarat. The project was developed through ReNew Green (GJ Ten) Private Ltd, with DCM holding a 31.2 per cent stake in the group captive model. The plant generated 250 million units of electricity in FY24 at a power purchase tariff of ₹3.55 per unit. The share of renewable electricity in the company's total consumption rose from 0.22 per cent in FY23 to 23.7 per cent in FY24. DCM Shriram also commissioned a 12 TPD compressed biogas (CBG) unit in Ajbapur, Uttar Pradesh, with ₹131 crore in investment, including ₹100 crore in sustainable financing from Standard Chartered Bank. The unit was commissioned on March 27, 2025. RE share in energy mix at 41.8%; emissions at 2.42 million tCO₂e DCM Shriram's total energy consumption in FY24 stood at 46,139 TJ, with renewables accounting for 41.8 per cent, according to the report. Renewable fuels such as biomass, bagasse, ethanol and CBG comprised 42.6 per cent of the renewable share. The company reported total Scope 1 and 2 emissions of 2.42 million tonnes of CO₂ equivalent in FY24, with an overall emissions intensity of 0.83 tCO₂e per tonne of production. Its chlor-alkali segment had a higher intensity at 2.15 tCO₂e/t, 14 per cent above the national average. As per the emission intensity rules, DCM Shriram's Kota unit is required to reduce its intensity by 6.8% and the Bharuch unit by 8.3 per cent by FY27. New RE projects to be commissioned by FY26 The company plans to commission a 68 MW wind-solar hybrid project at its Kota unit by Q4 FY26 in partnership with JSW Renewables. DCM has invested ₹60 crore for a 26 per cent equity stake in the special purpose vehicle. Another 6.6 MW RE capacity will be added at the Bharuch unit by Q1 FY26. Once operational, these projects are expected to generate ₹430 crore in annual power cost savings and abate 3.3 lakh tonnes of CO₂—up from 92,000 tonnes in FY24. In FY24, DCM Shriram also used 30.2 million Nm³ of blue hydrogen in place of furnace oil, resulting in an additional 80,095 tonnes of CO₂ abatement. Other companies scaling clean energy use Tata Chemicals and Aditya Birla Chemicals are also adopting clean energy. Aditya Birla Chemicals targets a 30 per cent emissions reduction from 2017 levels by FY25, and carbon neutrality by 2050. Tata Chemicals is working to replace 10 per cent of coal with biomass and scale solar and wind capacity. JMK Research noted that India's chlor-alkali sector faces regulatory and market pressure to decarbonise and improve competitiveness, with renewable energy , hybrid systems and green hydrogen seen as key strategies.
Time of India
09-07-2025
- Business
- Time of India
Waaree Energies accounts for 13.9% share of total module shipments in FY25
Waaree Energies Limited, a clean energy transition company, has captured a commanding 13.9 per cent share of total module shipments in FY25, according to a JMK Research & Analytics Annual India Solar Report Card. According to the company's statement, this significant achievement comes as India's solar sector experienced a transformative period in FY25, with the country adding 17.4 GW of utility-scale solar capacity and 5.1 GW of rooftop installations. India's cumulative solar capacity has reached 85.5 GW as of March 2025, with an additional 68.2 GW in the pipeline. "Waaree's leadership position in India's solar module market validates our relentless focus on innovation, quality, and scale," Dr. Amit Paithankar, Whole-time Director & CEO, Waaree Energies Limited, said. "This achievement represents more than market share – it embodies our commitment to powering India's energy independence and supporting the nation's transition to a sustainable future. Every module we manufacture contributes to India's journey toward becoming a global renewable energy superpower ," he added. The company's state-of-the-art manufacturing facilities, with an installed capacity of approximately 15 GW for solar PV modules globally, underscore its commitment to domestic capabilities and technological advancement.
Time of India
04-07-2025
- Business
- Time of India
India adds 16 GW RE capacity till May; SECI issues 3.2 GW solar+storage tenders in June
New Delhi: India floated 6,800 MW of renewable energy tenders in June 2025 under the project development category, including two large solar-plus-storage projects issued by SECI, according to JMK Research & Analytics . Solar Energy Corporation of India (SECI) issued tenders for development of 2,000 MW ISTS-connected solar with a 1,000 MW/4,000 MWh energy storage system (ESS) and another 1,200 MW solar project with 600 MW/3,600 MWh ESS component. About 513 MW of EPC tenders were issued during the month. NTPC issued a 260 MW solar EPC tender in Rajasthan. India added 12,970 MW of solar and 3,129 MW of wind capacity from January to May 2025, taking the country's cumulative renewable energy capacity to 226.7 GW. In May 2025, solar and wind additions totalled 3,123 MW, marking a 5.9 per cent decline compared to the previous month. In June 2025, a total of 1,570 MW of battery energy storage system (BESS) capacity and 312 MW of renewable energy capacity was allocated through auctions. Standalone BESS tenders accounted for 83 per cent of the total allotted capacity. The RE sector attracted $1,630 million in investments during June 2025. In the Indian Energy Exchange (IEX) Green Day-Ahead Market (GDAM), 938 million units were traded in June 2025, showing a 13.8 per cent increase from the previous month. The average traded price in IEX-GDAM stood at ₹4.38 per kWh. Mono PERC module prices fell marginally by 0.3 per cent in June 2025 over the previous month. During the month, 23 central and 15 state-level policies, notifications, regulations, and orders were issued relating to the renewable energy sector.
Yahoo
15-03-2025
- Business
- Yahoo
Government adds historic amount of energy capacity to nation's electrical grid — here's why it matters
India doubled its solar installations in 2024 compared to 2023, and its wind capacity increased by 21%. According to PV Magazine, "India added 24.5 GW of solar and 3.4 GW of wind capacity in 2024." India's renewable capacity is now 209.44 gigawatts, with solar accounting for 47%. India added a record amount of renewable energy in 2024, according to JMK Research & Analytics. The country's 24.5 GW of solar accounted for utility-scale PV (18.5 GW), rooftop systems (4.59 GW), and off-grid installations (1.48 GW). The growth of renewable energy in India is contributed to the government scheme: PM Surya Ghar: Muft Bijli Yojana. In 10 months, it propelled "700,000 rooftop installations," per PV Magazine. The outlet added that the "utility-scale additions nearly tripled from 2023, while rooftop and off-grid installations rose 53% and 197%, respectively." The people benefiting from the increased solar energy will see a decrease in their utility bills. In the U.S., installing solar panels can save you up to $1,500 annually on your energy bills. If you sign up for community solar, you won't pay installation costs, and on an average bill of $125, you'll save $150 annually. Wind power can also save consumers money. According to a report commissioned by Clean Energy Report, "Wind power could drive down the wholesale price of power by $3-$10 per megawatt-hour (MWh) in the near term and up to nearly $50 per MWh by 2030. Those savings would be passed along to consumers through lowering retail electricity prices by $65-$200 each year." Solar and wind power can not only save you money but also improve the air quality in your community. They can also reduce your reliance on dirty energy sources that emit toxic gases into the atmosphere and warm the planet. Do you think more places of worship should embrace clean energy? Yes — it sets a positive example Only if it saves money No opinion Absolutely not Click your choice to see results and speak your mind. India will benefit from its growing solar and wind sector because, according to the Clean Air Fund, "Of the world's 30 cities with the worst air pollution, 21 are in India." Join our free newsletter for good news and useful tips, and don't miss this cool list of easy ways to help yourself while helping the planet.
