SHV Energy's Indian subsidiary SunSource Energy said on Monday that it will increase its solar deployment target from 550 megawatts (MW) to 1 gigawatt by 2027. The increased capacity will help support India's growing customer base. To support the scale-up of deliveries, the Indian leadership team will also be expanded.

The portal will allow electricity consumers with approved loads of 100 kW or more to access renewable energy supplies. Open access is available to any consumer whose load limit has been reduced from 1,000 kW to 100 kW. The portal can be accessed at https://greenopenaccess.in/ to process applications related to green energy open access. The Ministry of Electricity has published the Electricity (Promotion of Renewable Energy through Open Access to Green Energy) Regulations 2022 on 6 June 2022. The rules are designed to promote the production, purchase and consumption of green energy, including energy from waste-to-energy plants. Green energy open access approval will be granted within 15 days, otherwise it will be deemed approved, subject to technical requirements being met through the portal.

India is planning a massive expansion of green hydrogen production to curb its reliance on energy imports and free the economy from fossil fuels. Green hydrogen is made by splitting water using electricity from renewable energy sources. New Delhi aims to have an annual capacity of 25 million tonnes by 2047, the people said. India's goal of net-zero emissions by 2070 is backed by business tycoons and state-run energy giants. Green hydrogen is made by splitting hydrogen and oxygen in water with the help of electrolyzers, which are powered by renewable electricity. It has the potential to be an alternative to coal for steel mills and to transport petroleum products over long distances.

The Global Offshore Wind Alliance (GOWA) was established by the International Renewable Energy Agency (IRENA), Denmark and the Global Wind Energy Council. GOWA aims to reach a total installed capacity of 380GW by the end of the century. Germany is the third largest producer of offshore wind power in the world, according to Jennifer Lee Morgan, Germany's climate envoy.

British Prime Minister Rishi Sunak has declared that it is time for faster action on climate change. In his speech at the COP27 summit, he pledged £11.6bn as the country's commitment to the climate fund. The Indian-origin leader noted that green energy investments are "an excellent source of new jobs and growth". He pledged to build on the "space of hope" created during the UK's presidency of Scotland's COP26 last November. British Prime Minister Manmohan Singh announced at the COP21 summit in Egypt that Britain would triple its funding for adaptation to £1.5 billion by 2025.

Sunak called on countries to honour the commitments made in Glasgow to direct public and private funding to protect the planet. "There is definitely room for hope," he noted.

Evonik receives approximately 100 megawatts (MW) of electricity annually from the EnBW offshore wind farm. The German chemicals maker said it would start getting its share of electricity from the 900-megawatt He Dreiht wind farm in the North Sea from 2026. Its larger peer BASF agreed last year to pay about 300 million euros for a 49.5 percent stake in one of them. North Sea wind farm in Vattenfall.

Evonik receives approximately 100 megawatts (MW) of electricity annually from the EnBW offshore wind farm. The German chemicals maker said it will receive its share of electricity from the 900-megawatt He Dreiht wind farm in the North Sea from 2026. Its larger peer BASF agreed last year to pay around 300 million euros for a 49.5 percent stake in Vattenfall. North Sea wind farm.

Power projects will receive higher utilization rates and tariffs, and clear dues in a timely manner. The Indian government has simplified the rules governing the Open Access (OA) framework governing electricity purchases and sales. Regulatory uncertainty prevents C&I customers from using OA to purchase electricity for mid- to long-term contracts.

The goal of the Accelerating Clean Energy Partnership is to distribute 100 GW of clean energy globally by 2035. The two countries will also invest in managing harmful emissions such as carbon and methane, as well as developing nuclear technology. The news comes just days before world leaders convene the UN COP27 climate summit in Egypt.

The global economy has been in relative stagnation since the 2008 financial crisis. This so-called secular stagnation is a global trend, but the UK has fared particularly badly. This is a huge problem for mainstream decarbonization visions. Most states, business groups and international organisations believe it must be driven by a global boom in renewable energy and sustainable infrastructure.