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Showing posts with the label Renewables

Economics of Renewable Energy

The following outline provides a comprehensive look at how renewable energy, environmental issues, economic development, technology, and SDGs intersect and influence one another. Each topic can be further expanded to create detailed articles or reports based on your focus area.  1. Economics of Renewable Energy Cost Dynamics : Declining costs of solar, wind, and battery technologies. Investment Trends : Government policies, private investments, and green financing. Job Creation : Employment opportunities in renewable sectors. Grid Integration : Economic challenges of integrating intermittent renewable sources. Subsidies and Incentives : Economic impact of subsidies on fossil fuels vs. renewable incentives. 2. Energy and Environment a. Nuclear Energy Role in low-carbon energy production. Economic considerations of nuclear safety and waste disposal. b. Access to Energy Challenges in providing affordable, reliable energy in developing countries. Role of renewables in ensuring universa...

What is Asset Management ?

Asset Management refers to the systematic process of developing, operating, maintaining, and upgrading assets in a cost-effective way. It involves managing assets throughout their lifecycle to maximize value and ensure their efficient use. Asset management can be categorized into several different types, depending on the types of assets being managed and the sector of application. Here are some of the major types of asset management: 1. Physical Asset Management Definition : Involves managing tangible assets such as buildings, machinery, vehicles, and infrastructure. Industries : Manufacturing, automotive, energy, power, and public infrastructure. Purpose : To maximize the lifespan, efficiency, and reliability of physical assets while minimizing costs through effective maintenance, repair, and replacement strategies. 2. Financial Asset Management Definition : The management of financial assets such as investments in stocks, bonds, mutual funds, and other financial instruments. Industri...

Top 10 podcasts on "Circular Economy"

Here are the top ten podcasts focused on the circular economy, having multiple episodes with guests who are having theoretical and practical experience on circular economy along with brief descriptions: "The Circular Economy Podcast" (Catherine Weetman) Hosted by Catherine Weetman, this podcast features interviews with business leaders, innovators, and sustainability experts discussing their experiences with circular economy practices and real-world examples of circularity in action. "The Ellen MacArthur Foundation Podcast" The Ellen MacArthur Foundation Podcast explores innovations and approaches to help transition towards a circular economy, highlighting key insights from experts and industries that are making strides toward circularity. "Disruptive Innovation Festival (DIF) Podcast" Powered by the Ellen MacArthur Foundation, DIF delves into topics surrounding system-level changes, highlighting innovators and thought leaders working towards a regenerativ...

Robotic Arm Based Solar Module Cleaning

Robotic Arm-Based Module Cleaning for Solar PV Plants: A Game-Changer in O&M Efficiency Introduction: With the rising operational and maintenance (O&M) costs in solar photovoltaic (PV) plants, especially related to manpower and water usage, innovative approaches have emerged to optimize resource efficiency. Robotic arm-based module cleaning systems offer a sustainable solution to address these concerns, reducing dependency on traditional cleaning methods that are both costly and inefficient. The introduction of these robotic cleaning models in India is driven by the increasing need for automation, water conservation, and cost-effective solar PV maintenance. The Evolution of Robotic Cleaning Models: As manpower costs have surged and water resources are increasingly recognized as valuable, the evolution of robotic module cleaning has come into focus. Over the last decade, these systems have transitioned from semi-automatic to more advanced autonomous models. They feature both d...

How to make our home green and self-sustainable ?

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Making Homes Green and Self-Sustainable: A Comprehensive Guide 1. Green Homes and Sustainability Context Residential homes account for around 17-18% of power consumption from the grid. This can vary depending on the country, but the core usage of electricity, water, and resources remains fairly constant globally. With rising concerns over climate change, international and local policies target energy efficiency and carbon footprint reduction, such as: Net Zero Policies : Homes aim to produce as much energy as they consume. Energy Conservation Building Codes (ECBC) : Regulatory standards for energy efficiency in buildings. Carbon Credits and Trading : Residents and developers can earn credits for reducing carbon emissions, which can be traded in markets to monetize sustainability efforts. 2. Types of Green Homes Passive Solar Homes : Uses solar energy for heating and lighting. Net-Zero Energy Homes : Designed to produce as much energy as they use. LEED-Certified Homes : Certified by the...

Evolution of Indian Renewable Energy Program

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India's journey toward renewable energy (RE) has been marked by strategic developments, policy initiatives, and an increasing focus on sustainability. The program's evolution can be divided into several key phases: 1. Early Inception (1980s - 1990s) : Initiation : India recognized the need for alternative energy sources in the 1980s due to rising energy demand and limited fossil fuel reserves. The Ministry of New and Renewable Energy (MNRE) was established in 1982 (then known as the Department of Non-Conventional Energy Sources). Pilot Programs : Initial focus areas included small-scale solar, wind, and biomass projects, mainly for rural electrification and off-grid applications. These pilot programs helped assess the feasibility and potential of various RE technologies. 2. Foundation and Policy Development (2000s) : National Electricity Act, 2003 : This act provided a framework for promoting renewable energy and mandated state electricity regulatory commissions to ensure a sha...

What are State Periphery Charges in F&S ?

State Periphery Charges are included in the DSM, which is introduced by the Himachal Pradesh, Maharashtra, and Telangana State Electricity Regulatory Commissions in India. The term "state periphery" is defined as below: State Periphery  or ‘HP Periphery’ means, except in situations that may warrant any other treatment in specific cases, the interconnection point of the transmission system of the STU with the transmission system of the CTU; or with any other inter-state transmission system not owned by any State Entity, or with the generation bus-bar of the joint sector projects from where power is supplied to the Distribution Licensee through the STU system; [or] The periphery of the electrical power system and its components thereof under operational supervision and control area jurisdiction of SLDC (State Load Dispatch Centre) covering InSTS (Intra-State Transmission System) Source: Himachal Pradesh State Electricity Regulatory Commission (HPERC) Note: Interlinks for the a...

14 growing industries to be adopted by the individuals 2024

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We have entered into the 21st century with continuous advancing our technologies the growth rate of developmental activities are at a faster phase. We are moving from Industry 4.0  to Industry 5.0 far more advance. This will increase in the spread of the evolution of the man who will be in moons, planets, galaxies and stars. This kind of spread of the human evolution should be in a positive phase spreading the positivity with green and self sustainability with balanced ecosystem. In the next decade, the following technologies will play a key role in the development of the world. We are in an electric mechanical world and slowly moving to the data driven, robotic, AI based, deep learning system with high level of critical thinking.  14 growing industries  to be adopted by individuals: Internet of things (IoT) Artificial Intelligence (AI) Cyber Security Genomics Drones Robotics Virtual Reality  Nano Technology  Renewable Energy (RE) & Sustainability Sharing Ec...

Key highlights of Indian Union Budget FY2023-24

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Indian Union Budget: An exercise carried out by the central government every financial year, to estimate the revenue and expenditure for the forthcoming financial year. Every year 1 st February, the union budget is released since 2017. The first union budget is released by RK Shanumukhan Chetty on 26 th November 1947. Key highlights of budget 2023 (SAPTRISHI) 07 key budget priorities for FY2023-24 Inclusive Development Reaching the last mile Youth power Financial Sector Green Growth Unleashing the potential Infrastructure and investment Green Growth To be established under GOBARdhan (Galvanizing organic Bio Agro Resources Dhan) Scheme for promoting circular economy; (200 - biogas plant and 300 community/ Cluster based plants) with an investement of INR 10,000 Crs. natural farming press trust of India. Promotion of battery energy storage systems Promotion of constal shipping energy efficient transportation Funds to be allocated for replacing old polluting vehicles Tax proposal - S...

Renewable Power Markets and its strong future

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The renewable energy power market is a platform to buy and sell electricity generated from different renewable resources like solar, wind, hydro, biomass, geothermal, nuclear fusion, etc. These sectors involve various stakeholders like RE developers, utilities, consumers, think tanks, research-consulting, and regulatory bodies. Renewable Energy Power Markets are similar to the regular power markets, with the focus on the renewable regular grid which is gradually converting into a Renewable Energy Grid across the globe. The world "Renewable Foot Prints" is increasing day by day. But still much more to be done with the quantum of the pollution spread and timeline we have. Some of the Renewable Power Markets that support in minimization of carbon emissions with the following platforms are as follows: Renewable Energy Certificates (RECs) International RE Trade Performance Achieve Trade (PAT) Clean Development Mechanism (CDM) Scope 1, 2 and 3 Sustainable Development Goals (SDGs...

Shaping Geopolitics through Renewable Energy

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Renewable energy is generation and rapid increase in installation capacities across the world. Harvesting renewable energies does not deplete the resources or create environmental impacts at a minimal level. In fact, in many instances, the only environmental cost is that of constructing the infrastructure needed to harvest, store, and transmit the resultant energy. As the effects of anthropologic climate change i.e., climate change caused by human activity start to manifest, renewables are at the forefront of most geopolitical discourse. There is no escaping the simple fact that our civilization requires electricity to function but self-sustainability is at most needed in regular activities. Several countries around the world are dependent upon importing energy from other nations in order to meet their requirements.  International relations are more finely tuned than ever to the energy and power markets. The unstoppable march of climate change is bringing with it a growing awarenes...

World’s Largest Single Rooftop solar power plant in India

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Solar panels installed on the roof with a capacity of 11.5 MW in Punjab state in India India’s solar mission which has kept at a target of 175 GW and the government is trying to keep its word to generate power from all kinds of Renewable Energy Resources. As it is focused on Solar, Wind and Biomass power generation technologies. We all know that a roof is the zero cost of land and uses the space for solar panel installation. There is no requirement of a special setup is installing the solar roof. Depending upon the roof size and shading and direction of the sunlight is considered for setting up the solar panels. But, most of them have small or medium roofs that can generate in kiloWatts (kW) or Megawatt (MW) scale. In Amritsar, there is an installation od 11.5 MW capacity of a solar power plant which is completely covered with solar roof which will benefit 8000 households was built by Radha Saomi Satsang Beas (RSSB), a religious organization in Punjab. Badal along with New and Re...