Of the total obligations applicable to the corporate office, 83 carry imprisonment clauses, the report titled Decoding Compliance Management for Renewable Energy Sector stated.
The project is expected to generate over 1,000 direct and indirect jobs and support the National Green Hydrogen Mission by decarbonising hard-to-abate industrial sectors.
The project officials informed the CM that solar energy plants are being installed in the state with the goal of promoting green energy, as part of the 10th component of the Bihar govt's Jal-Jeevan-Hariyali Abhiyan.
Vedanta Ltd has increased its renewable energy power capacity to 1.03 GW and is on track to achieve 2.5 GW of green energy by 2030. This expansion will help the company mitigate over 6 million tonnes of carbon emissions annually, equivalent to the carbon sequestration of approximately 350 million trees.
The report projects that investment in oil, natural gas and coal will total $1.1 trillion. The surge in clean energy spending reflects the influence of industrial policies, energy security concerns and the growing cost competitiveness of electricity-based solutions, the IEA said.
The company secured $100 million in debt financing from global financial institutions Rabobank and Société Générale to support the development of a 300 MW solar power project in Rajasthan.
The ₹1,517 crore project will be developed across Bhuj in Gujarat and Agar in Madhya Pradesh and is backed by funding from the Indian Renewable Energy Development Agency (IREDA).
The report said the investment needs span power generation, storage, transmission, and distribution infrastructure. The power sector is a significant contributor to India’s overall carbon emissions.
ndia must double its annual renewable energy capacity additions to 50 gigawatts (GW) over 2025-2030 in order to meet its 500 GW renewable energy target by the end of the decade, S&P Global Ratings said on Wednesday.
Prime Minister Narendra Modi on Wednesday highlighted the transformative reforms in the renewable energy sector and the strong push for clean and affordable energy in the hydrocarbon sector in India over the last 11 years.
India's finance ministry is waiting for green hydrogen prices to fall. This is before they decide on financial support for green steel production. Steel producers are seeking incentives for decarbonisation.
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