{"code":200,"status":true,"data":[{"id":"11","thumbnail":"India Renewable Energy Landscape-Thumbnail.jpg","banner":"India Renewable Energy Landscape-Thumbnail.jpg","title":"India's Renewable Energy Landscape","description":"
India is currently at a pivotal moment of transformation, aiming to shift towards a sustainable and low-carbon energy future with an ambitious vision. According to Climate Policy Initiative, by 2070, the country is projected to see its population surge by over a quarter billion people, along with substantial gross domestic product (GDP) growth, soaring from USD 3 trillion (2023) to around USD 27 trillion (2070). Despite having current per capita energy consumption of just one-third of the global average, the country’s energy demand is likely to increase significantly with its economic expansion.<\/span><\/span><\/span><\/p>\r\n\r\n Acknowledging the significance of addressing climate change, India has committed to achieving net zero emissions by 2070. As part of this journey, ambitious targets set for 2030 include.<\/span><\/span><\/span><\/p>\r\n\r\n As we look at India today, it is moving towards becoming a global leader in renewable energy, with a significant increase in both capacity expansion and tendering for new plants, as indicated by a range of recent research reports.<\/span><\/span><\/span><\/p>\r\n\r\n INDIA GAINING MOMENTUM WITH CAPACITY ADDITIONS <\/strong><\/span><\/span><\/span><\/p>\r\n\r\n During the fiscal year 2023-2024 in India, renewable energy (RE) accounted for over 70% of the 26 GW of new power generated in the country. The total installed energy capacity in India has now reached 442 GW, with RE making up about 33% (144 GW) and hydro contributing 11% (47 GW), as reported by CEEW Centre for Energy Finance (CEEW-CEF). For the first time, the share of coal in India's total installed capacity dropped below 50%.<\/span><\/span><\/span><\/p>\r\n\r\n In the fiscal year 2024, solar energy, encompassing grid-scale and rooftop installations, remained the primary contributor to India's renewable energy capacity expansion, making up around 81% (15 GW) of the total renewable energy increase. Wind capacity saw a substantial increase, nearly doubling to 3.3 GW from 2.3 GW in FY23. Reflecting India's ambitious renewable energy objectives, renewable energy auctions surged to an all-time high, with around 41 GW of capacity auctioned in FY24.<\/span><\/span><\/span><\/p>\r\n\r\n UNION BUDGET’s ROLE IN BOOSTING CLEAN ENERGY<\/strong><\/span><\/span><\/span><\/p>\r\n\r\n The Union Budget presented by Finance Minister Nirmala Sitharaman focused on “green growth”. <\/span><\/span><\/span><\/p>\r\n\r\n Here are some of the highlights of the same:<\/span><\/span><\/span><\/p>\r\n\r\n DECARBONISATION OF HEAVY INDUSTRIES IS A MUST<\/strong><\/span><\/span><\/span><\/p>\r\n\r\n Despite significant growth in renewables from various sectors, Industries stand as the largest energy end-use sector in India, releasing 920 million tonnes of CO2 each year. Emission-heavy industries like steel, cement, aluminium, petrochemicals, and ammonia contribute to 70% of the total CO2 emissions in India's industrial sector, with steel and cement industries alone responsible for 18% of the country's total emissions.<\/span><\/span><\/span><\/p>\r\n\r\n This offers a major opportunity for these sectors to kickstart decarbonization by embracing green electrification.<\/span><\/span><\/span><\/p>\r\n\r\n In 2022, India's heavy industries like steel, cement, aluminum, petrochemicals, and ammonia consumed 175 TWh of electricity, accounting for 11% of their total energy consumption, as reported by Ember. Particularly, the steel, cement, and aluminum sectors utilized 91% of this electricity.<\/span><\/span><\/span><\/p>\r\n\r\n By 2030, the electricity demand in India's heavy industries is projected to increase by 45% to reach 253 TWh. This growth is fueled by current technologies and anticipated growth rates. To fulfill this demand using renewable energy, around 120 GW of RES capacity will need to be added, possibly resulting in a reduction of 180 Mt of carbon dioxide emissions.<\/span><\/span><\/span><\/p>\r\n\r\n Implementing advanced electrification technologies fueled by Renewable Energy could potentially slash CO2 emissions from India's heavy industries by 37% (737 Mt) by the year 2050. This change would enhance India's clean energy and manufacturing industries by boosting the demand for renewable energy sources manufacturing, encouraging power-to-fuel technologies, attracting significant investments, and generating new employment opportunities.<\/span><\/span><\/span><\/p>\r\n\r\n POTENTIAL OF BATTERY ENERGY STORAGE SYSTEMS (BESS)<\/strong><\/span><\/span><\/span><\/p>\r\n\r\n As solar and wind capacities continue to rise, Battery Energy Storage Solutions will be essential for maintaining grid stability, managing peak loads, and facilitating a seamless energy transition. <\/span><\/span><\/span>India’s BESS ecosystem is poised for significant growth, with estimated funding opportunities reaching \u20b93.5 lakh crore and an additional \u20b980,000 crore in medium-term investments, primarily focused on cell manufacturing.<\/span><\/span><\/span><\/span><\/p>\r\n\r\n Benefits of BESS<\/strong><\/span><\/span><\/span><\/p>\r\n\r\n Supportive policies, including waived ISTS transmission fees and strict ESO\/RPO requirements, are anticipated to stimulate demand throughout the BESS value chain. This surge will enhance BESS project development, cell manufacturing, and component production, paving the way for significant growth in the sector over the next decade. This transition supports global efforts to combat climate change and encourages the development of renewable energy sources. We will explore more about BESS in our next blog.<\/span><\/span><\/span><\/p>\r\n\r\n In essence, while there are challenges to overcome, the concerted efforts of the government, private sector, and local communities are paving the way for a greener, more sustainable energy future for India. The momentum building in FY2024 is a testament to the potential and resilience of the country's renewable energy sector.<\/span><\/span><\/span><\/p>\r\n\r\n Sources: Climate Policy Initiative, Ember, Economic Times, Solar Quarter, CEEW, Hindu Business Line<\/strong><\/span><\/span><\/span><\/p>\r\n","created_at":"2024-11-26 23:23:14","is_visible":"1","title_url":"indias-renewable-energy-landscape"},{"id":"10","thumbnail":"EHS at Vibrant Energy.jpg","banner":"EHS at Vibrant Energy.jpg","title":"Managing EHS at vibrant sites","description":" "Safety isn’t expensive, it’s priceless."<\/em><\/strong><\/span><\/span><\/span><\/span><\/p>\r\n\r\n Solar and Wind power plants are gaining popularity as Clean, Renewable Sources of energy, and are a key part of assuring the energy independence of our nation. While these power plants become more common, it is critical to focus on the importance of implementing essential EHS Management Systems (EHS MS) and International Finance Corporation 8 Principle Standards (IFC 8PS also called as ESMS (Environment and Social Management System) requirements for both under construction and operating plants. The integration of these systems into Renewable Energy projects can lead to improved operational efficiency and safety, reduced costs from potential liabilities, and enhanced reputation along with protection of the environment. But this doesn’t happen by chance, it necessitates meticulous planning, preparation, practice, and discipline.<\/span><\/span><\/span><\/p>\r\n\r\n From the smallest daily routines and pledges to the grandest of projects, ensuring stringent measures is a collective responsibility that requires everyone's active participation<\/span><\/span><\/span><\/p>\r\n\r\n In this blog post, we will explore the essential EHS MS & IFC 8PS\/ ESMS measures that we implement to ensure secure operation and upkeep of a renewable power plant<\/span><\/span><\/span><\/p>\r\n\r\n 1. Vibrant EHS Management System<\/strong><\/span><\/span><\/span><\/p>\r\n\r\n Vibrant EHS Management Systems (EHS MS) are designed to align with Legal, ISO, and ESMS standards. These systems help organizations create safe and healthy work environments, preventing work-related injuries and illnesses while enhancing EHS performance. A robust EHS Management system among contractors and subcontractors is crucial for our business success. The minimum EHS standards for contractors and subcontractors at Vibrant are equivalent to those for all Vibrant employees as well. <\/span><\/span><\/span><\/p>\r\n\r\n 2. Vibrant EHS training:<\/strong><\/span><\/span><\/span> In every solar or wind power installation, the first step is to provide thorough training for all employees, including staff, workers, and contractors. It is crucial for them to not only grasp how to carry out their duties safely but also to be equipped to handle emergencies effectively. To ensure this, we provide a comprehensive EHS Induction Handbook that benefits all employees and visitors, serving as a direct resource to enhance awareness of EHS protocols and procedures. This handbook covers various aspects such as workplace safety, environmental protection, wildlife management, biodiversity, site security, identifying potential hazards, emergency procedures, safety and health commitments, and more.<\/span><\/span><\/span><\/p>\r\n\r\n 3. Vibrant EHS Audits<\/strong><\/span><\/span><\/span>: Vibrant has a robust EHS Audit framework that aims to thoroughly assess organizational compliance with regulatory standards and international requirements. Through these audits, Vibrant showcases dedication to sustainable development objectives, ethical business practices, and transparency in operations. This approach builds confidence among stakeholders and helps minimize negative effects on the environment and projects.<\/span><\/span><\/span><\/p>\r\n\r\n\r\n\t
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