Demand Likely to Touch 1.5 Billion Ton By 2030 In India, energy transition away from coal is not happening during the foreseeable future. Although there will be push for renewable/non-fossil based energy, but share of coal in the energy basket is going to remain significant in years ahead. Coal demand in the country is yet […]
Green hydrogen costs to halve to ₹160-170 per kg by 2030 – EQ Mag Pro
Current green hydrogen production costs range anywhere between ₹320 and ₹330 per kilogram in India. Green hydrogen costs in India could potentially fall by half to as low as ₹160-170 per kg by 2030, bringing parity with grey hydrogen and other fossil fuels, says a KPMG study. Current green hydrogen production costs range anywhere between […]
Govt to cut contribution of coal based power to 32% by 2030 – EQ Mag Pro
New Delhi : India is planning to substantially slash its share of coal based thermal power generation from the current 52 percent to 32 percent by the turn of the decade, the Ministry of Power told the Parliament. India has been increasing its renewable power production in the last few years to aid its efforts […]
Solar Vehicle Market Size to Worth Around US$ 5.26 Bn by 2030 – EQ Mag Pro
According to Precedence Research, the solar vehicle market size is expected to be worth around US$ 5.26 billion by 2030 and is growing at a CAGR of 32.2% from 2021 to 2030. Tokyo : The global solar vehicle market size was valued at US$ 426 million in 2021. The global solar vehicle market is expected […]
Apollo Launches Sustainable Investing Platform, Sees the Opportunity to Deploy More Than $100 Billion in Energy Transition and Decarbonization Investments by 2030 – EQ Mag Pro
NEW YORK : Apollo (NYSE: APO) today announced the launch of a comprehensive sustainable investing platform focused on financing and investing in the energy transition and decarbonization of industry. Across asset classes, Apollo targets deploying $50 billion in clean energy and climate capital over the next five years and sees the opportunity to deploy more […]
China’s Tencent Unveils Goal to Run on 100% Green Energy by 2030 – EQ Mag Pro
Tencent Holdings Ltd. is stepping up the use of renewable energy with a goal of zeroing out emissions by 2030, acknowledging the damage wrought by its data centers while heeding Beijing’s call to protect the environment. The Chinese social media and gaming giant plans to use all but renewable energy by the same timeframe and […]
EDP Renewables to invest up to S$10 billion by 2030 for clean energy hub in Singapore – EQ Mag Pro
SINGAPORE: EDP Renewables (EDPR), the world’s fourth-largest renewable energy producer, said on Thursday (Feb 24) it plans to invest up to S$10 billion by 2030 to establish a clean energy hub in Singapore for the Asia Pacific region. EDPR, which is 75 per cent owned by Portugal’s biggest utility Energias de Portugal, closed a S$1 […]
CII suggests Multidimensional Approach achieve US$ 1 trillion Merchandise Exports by 2030; FTA Route will create important market access: CII; Extend RoDTEP to all sectors: CII – EQ Mag Pro
A multidimensional mission is required to take India’s exports to US$ 1 trillion by 2030, suggests a report by Confederation of Indian Industry (CII). It calls for finalising Free Trade Agreements with large markets, extending RoDTEP to all exports, attracting global firms and addressing domestic manufacturing issues to achieve the target. “The recent surge in […]
Asia-Pacific overtake of North America delayed as energy storage market tops 30GW by 2030, Guidehouse says – EQ Mag Pro
Asia-Pacific will overtake North America as the biggest utility-scale energy storage (UES) market by annual installed gigawatts (GW) by 2024-2025, according to a new report by Guidehouse Insights, one to two years later than in the firm’s previous forecasts. The research firm has revised up its forecasts for global annual installed UES by 2029 from […]
India’s renewable energy sector can employ 1 mn people by 2030: Study – EQ Mag Pro
India’s renewable energy sector has the potential to employ around one million people by 2030, and most of the new jobs would be generated by small-scale renewable energy projects, according to a study. India’s renewable energy sector could potentially employ around one million people by 2030, which would be ten times more than the existing […]