The role of MSMEs on decarbonisation in India’s HVAC industry

31 Aug 2024 CW Team

Our planet is at a critical juncture. Climate change is causing irreparable damage to the environment. Health risks from indoor and outdoor air quality are on the rise. Thankfully, there are global groups addressing climate change. The United Nations Framework Convention for Climate Change created the Conference of Parties (COP) meetings where governments assess global efforts to advance the key Paris Agreement aim of limiting global warming to as close as possible to 1.5 degrees Celsius above pre-industrial levels.

Nations have made specific commitments to climate action. India’s Prime Minister Modi committed to a five part nectar pledge (Panchamrit). Four of these pledges are reachable by 2030. India’s goals include reaching 500GW of non-fossil electricity capacity, generate half of all energy requirements from renewables, reduce emissions by 1 billion tonne and reduce emissions intensity of GDP by 45 per cent. The fifth pledge commits India to net zero emissions by 2070. India’s five commitments are a critical foundation in the global pathway to achieving the ambitious 1.5 degrees Celsius global warming target...

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Infrastructure Energy

09 Jan 2026

Rajesh Power Secures 65 MW BESS Project in Gujarat

Rajesh Power Services has recently secured a 65 MW / 130 MWh standalone Battery Energy Storage System (BESS) project in Gujarat, marking its entry into utility-scale energy storage. The company received a Letter of Intent from Gujarat Urja Vikas Nigam for the project, which will be developed at Virpore under a tariff-based competitive bidding mechanism supported by Viability Gap Funding through the Power System Development Fund.The project is expected to be executed within 18 months from the signing of the Battery Energy Storage Purchase Agreement. With the ability to supply 65 MW of power for..

ONGC Forms JV with MOL for Ethane Shipping Operations

Oil and Natural Gas Corporation (Oil and Natural Gas Corporation) has recently entered the ethane shipping segment through joint venture agreements with M/s Mitsui O.S.K. Lines Ltd (Mitsui O.S.K. Lines), Japan. The agreements involve equity participation in two joint venture entities—Bharat Ethane One IFSC Private Limited and Bharat Ethane Two IFSC Private Limited—registered at GIFT City, Gandhinagar.Under the arrangement, ONGC will subscribe to 2,00,000 equity shares of Rs 100 each in both entities, resulting in a 50 per cent equity holding in each joint venture, with the remaining stake ..

Waaree Energy Storage Raises Rs 10.03 Billio for 20 GWh Plant

Waaree Energy Storage Solutions Private, a subsidiary of Waaree Energies, has recently completed a strategic fund raise of around Rs 10.03 billion from a group of strategic investors, including family offices, high-net-worth individuals and institutional backers. The funding strengthens the company’s position in India’s rapidly expanding energy storage ecosystem.The capital raise forms part of an announced capital expenditure programme of nearly Rs 100 billion for setting up a 20 GWh advanced lithium-ion cell and battery pack manufacturing facility. The plant will manufacture high-performa..