Ministry of New and Renewable Energy is implementing Suryamitra Skill Development Programme through National Institute of Solar Energy, Gurugram since Financial Year 2015-16 to train youth of age above 18 years as solar PV technicians for installation, operation and maintenance of solar power projects. Up to June 2022, a total of 51331 number of candidates have benefited from the skill development training provided under Suryamitra programme, out of which 26967 number of candidates gained employment.
The third-party evaluation report of the Human Resource Development Programme submitted in May 2021 has rated the Suryamitra programme with high-level impact in terms of indicators such as scale/spread of operation, fulfilment of skill gap, work readiness of trainees and employability percentage.
Further, the Impact Assessment Report for Suryamitra training programme prepared by Skill Council of Green Jobs in December 2020 reported that more than 90% of the trainees have reported improvement in technical knowhow, improved performance in the sector and 88% trainees reported increase in job opportunities.
This information was given by Shri Bhagwanth Khuba, Minister of State for New and Renewable Energy in a written reply in Rajya Sabha today.
NTPC RE Limited (NTPC REL) has signed a Memorandum of Understanding (MoU) with Gujarat Alkalies and Chemicals Limited (GACL) in New Delhi today to realize green energy and green hydrogen objectives and the Government of India’s efforts toward the carbon-neutrality economy. The MoU was signed by Shri Harshad R Patel, Managing Director, GACL, and Shri Mohit Bhargava, Chief Executive Officer, NTPC REL.
The MoU envisages collaborating in the field of Renewable Energy, Green Methanol & Green Ammonia and mutually exploring the opportunities for the supply of 100 MW RE-RTC (Round The Clock) power and synthesizing 75 TPD Green Methanol and 35 TPD Green Ammonia for captive use for the production of various chemicals by GACL at its Vadodara and Dahej complex in Gujarat.
NTPC Limited has been at the forefront of RE capacity development and has been credited for bringing the lowest ever solar tariff in the country. NTPC REL, a 100 % subsidiary of NTPC was incorporated in Oct’2020 to take care of the RE business of NTPC. This development comes in the backdrop of NTPC announcing its green hydrogen initiatives and plans to build the country’s first pilot projects for synthesizing green methanol, setting up green hydrogen filling stations, green hydrogen blending into PNG, and green energy storage project.
This would be the first commercial-scale Green ammonia and Green methanol project in the country and would align with the vision laid out by the Prime Minister for Atmanirbhar Bharat.
NTPC is India’s largest Power Utility and its core business is power generation with a total installed capacity of 69 GW (including JVs and subsidiaries). As part of increasing its renewable energy portfolio, a fully owned subsidiary has been formed on 7th October 2020 known as “NTPC Renewable Energy Limited” (NTPC REL) which shall take up Renewable Energy Parks and Projects including business in the area of Green Hydrogen, Energy Storage Technologies and Round the Clock RE Power.
Gujarat Alkalies and Chemicals Limited (GACL), incorporated in Mar 1973, is a state-owned chemical manufacturing unit. GACL is one of the largest producers of Caustic Soda in India, with a production capacity of over 1400 TPD at their two complexes in Dahej and Vadodara. GACL has its subsidiary company viz. GACL-NALCO Alkalies and Chemicals Pvt. Ltd. (GNAL) putting up an 800 TPD Caustic Soda Plant together with a 130 MW Thermal Power Plant (coal-based) at Dahej.
Olympus Corporation (“Olympus” – Director, Representative Executive Officer, President and CEO: Yasuo Takeuchi) announces that from April 2022, the company has begun to exclusively source 100% of the electricity used at its major R&D and manufacturing sites in Japan from renewable sources.
As a result, CO2 emissions from Olympus Group facilities in Japan will be reduced by approximately 40,000 tons per year. The percentage of the Olympus Group’s total electricity use* in fiscal 2023 (ending March 2023) from renewable energy sources is expected to substantially increase from approximately 14% in the previous fiscal year to approximately 70%.
– Transition to Renewable Energy Usage across the Olympus Group (Facilities in Japan and Overseas) FY2020 11.7% FY2021 12.7% FY2022 (estimate) 14% (approx.) FY2023 (estimate) 70% (approx.) *Excluding recently acquired companies, certain service offices, and certain sales offices.
Olympus has set a goal of achieving net zero CO2 emissions from its site operations by 2030, as part of its commitment to achieving environmentally responsible business growth and creating a sustainable society. This is a key goal in line with our ESG materiality targets focused on the theme of a “carbon neutral society and circular economy.”
The company has already introduced a wide range of initiatives to reduce CO2 emissions. This includes the use of 100% renewable energy at some manufacturing sites in Europe and the United States, the installation of solar power generation facilities at some manufacturing sites in Japan, and support of the recommendations made by the Task Force on Climate-related Financial Disclosures (TCFD)*.
To achieve its carbon neutral goal, Olympus will continue to optimize manufacturing processes and promote energy-saving measures, is committed to further accelerate the shift to renewable energy sources across the company, thereby contributing to the decarbonization of society on a global level.
About Olympus
Olympus is passionate about creating customer-driven solutions for the medical, life sciences, and industrial equipment industries. For more than 100 years, Olympus has focused on making people’s lives healthier, safer and more fulfilling by helping to detect, prevent, and treat disease; furthering scientific research; and ensuring public safety. Olympus is headquartered in Tokyo, Japan, with more than 30,000 employees worldwide in nearly 40 countries and regions. For more information, visit www.olympus-global.com and follow our global Twitter account: @Olympus_Corp (https://twitter.com/olympus_corp).
*News release “Olympus Targets Carbon Neutrality by 2030 – Adds Carbon Neutrality and Circular Economy to its ESG Materiality and Supports the Recommendations of the Task Force on Climate-Related Financial Disclosures”: https://www.olympus-global.com/news/2021/contents/nr02125/nr02125_00001.pdf
Infocus International Group has introduced the brand new online workshop – Renewable Power Finance for Non-Finance Professionals and it will be commencing live on the 20th of April 2022. This popular course is intended as a time-efficient primer for those from a non-financial background, who wish to better “read” financial models & analyses presented to them, and to understand the variables which most influence renewable power project investment decisions.
Attendees will receive clear explanations of the common elements of a power project financial model, the key terminologies, and the changing economic and market context in which renewable power business plans must exist (and create financial returns).
The course will highlight the key financial inputs and outputs, without swamping those who lack a financial background in unnecessary detail or complexity. It will thus enable people from a variety of non-finance job roles – from engineering to project development to marketing – to better understand how economic and investment considerations influence, and are influenced by, their own activities.
A provided Excel cash flow model plus numerous other handouts will help with revision and cementation of learning long after the course has been completed.
Course Sessions
1. ‘Reading’ a project cash flow model 2. Risks, returns, and the costs of finance 3. The changing value of electricity 4. Power project business cases and profitability
Among the key points to be addressed
– Learn to speak the language of finance, to better interact with investors and business case developers – Understand how to ‘read’ a financial analysis sheet, without being swamped by the minutiae and detail – Take away an Excel cash flow sheet which you can use to revise and solidify your learning – Learn how project risks feed through to financing costs and energy price competitiveness – Analyse which internal project variables and external market factors are most important to financial outcomes – Explore the financial considerations of trends such as multiple revenue streams and energy storage – Examine the balances of risks and returns, at various stages in a project’s life cycle – Understand the relevance of metrics such as ‘LCOE’, ‘WACC’ & ‘DSCR’ in business planning – Quantify how key market trends are impacting renewable power business cases, risks and returns
Want to learn more?
Simply email to emilia@infocusinternational.com or call +65 6325 0210 to obtain your FREE COPY of event brochure. For more information, please visit https://www.infocusinternational.com/renewable-power-finance.
About Infocus International Group
Infocus International is a global business intelligence provider of strategic information and professional services for diverse business communities.
Infocus International recognises clients’ needs and responds with innovative and result oriented programmes. All products are founded on high value content in diverse subject areas, and the highest level of quality is ensured through intensive and in-depth market research from local and international insights.
The Ministry of New & Renewable Energy (MNRE) observed the second day of its programme “New Frontiers: A Programme on Renewable Energy to celebrate Azadi ka Amrit Mahotsav. The Ministry organized an online session on “Women in Renewable Energy: Call for Action” to acknowledge the role of women entrepreneurs and leaders in the Renewable Energy Space. The session was attended by more than 200 participants including Padma Shree Awardee, Mr. Bunker Roy, officials of the Government of India, CEOs, CMDs, and representatives of NGOs, industries, banking institutions and, representatives from international organisations.
Delivering the keynote address Secretary, MNRE recognised the role and importance of women’s participation in Renewable Energy and committed to formulation of a scheme for DRE applications, grater engagement with Ministry of Women and Child Development and addressing women’s issues in industry consultations.
Women RE entrepreneurs across the country shared their success stories, shining light on the impact of clean energy access on women. This was followed by the response to Call for Action by the stakeholders across policy makers, NGOs, Industries, international organisations and the Banking Institutions. Mr. Bunker Roy, founder Barefoot college, called for active engagement of women on RE platform. Mrs. Vaishali Nigam Sinha, founding chair for ReNew Power, and Ms. Mara Beatriz Orlando, energy specialist from WePower, highlighted how regular trainings and capacity building can change the lives of women entrepreneurs. Ms. A. Manimekhalai, Executive Director from Canara Bank called for earmarking funds for women, awareness campaign focused on women and sensitisation among financial institutions.
