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The rail network is one of the cleanest and most energy efficient means of moving large numbers of passengers and goods. This is one of the most ambitious in the world but is deemed necessary to head off a climate disaster. The UK Government has been the first to pass laws to reduce emissions to net zero by2050. The agreement holds all nations legally accountable for their actions, or inaction, in tackling and adapting to the devastating effects of the climate crisis. The Paris Climate Agreement was signed five years ago and is an international treaty aimed at rallying the world’s nations to work together to tackle climate change. On the back of this alarming evidence Governments are now taking active steps to reduce carbon emissions. This rise may not seem like much but scientists agree that a rise up to 2.2° will cause catastrophic climate destabilisation resulting in storms, floods, seasonal disruption and droughts. Many studies have shown that the increase in carbon in the atmosphere is causing global temperatures to rise.Ĭarbon emissions have grown by almost65 per cent since the 19th century and global temperatures have risen by around1.5°. Science is now firmly pointing the finger of blame for climate change at carbon emissions.
With the acquisition of the 50MW solar power plant, its total generation capacity, including an under-development portfolio, will reach 4.6GW with a renewable portfolio of more than 1.5GW.Carl Abraitis explains how new battery equipment is better for rail and the environmentĬlimate change constitutes one of the greatest threats to our planet and if unchecked could result in major catastrophes leading to extreme suffering and even the total extinction of the human race.
It also has 400MW of renewable energy plants under development.
#RISE OF INDUSTRY TORRENT TORRENT#
Torrent Power currently has an aggregate installed generation capacity of 4.1GW, consisting mainly of clean generation sources such as gas (2.7GW) and renewables (1.0 GW). US$ 9.1 billion), is one of the largest companies in the country’s power sector with presence across the entire power value chain of generation, transmission, and distribution. US$ 2.7 billion) and a market cap of INR 70,000 crore (approx. Torrent Power, part of the diversified Torrent Group with group revenues of INR 20,500 crore (approx. The plant benefits from a 25-year power purchase agreement with the Solar Energy Corporation of India Limited for total capacity at a tariff of INR 4.43/kWh. Construction, photovoltaic modules, and technical expertise for the project were provided by Sterling & Wilson and LONGi Solar. The plant was commissioned in April 2018. The PV plant, situated in Wagdari village of the Solapur district, is owned and operated by Lightsource BP’s renewable energy arm Lightsource Renewable Energy (India) in finance partnership with UK government-funded green investment platform UKCI Indigo. The enterprise value of this acquisition is around INR 300 crore. Torrent Power Limited, a private-sector integrated power utility in India, has completed the acquisition of 50MW solar assets owned by UK-based developer Lightsource BP in the Indian State of Maharashtra.
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