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European Commission Ponders Hiking Renewable Energy Target To 45% By 2030

The Ukraine-Russia conflict, and the vagaries of climate change might just have nudged the European Commission when it comes to its renewable energy targets. The European Commission is analyzing if the Union can achieve a higher aim of having 45% of its energy coming from renewable sources by 2030. Currently the European Commission has proposed […]

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4000 MW Renewable Energy Project for NEOM to Come Up Near Jordan Border

The renewable energy projects that are being planned by Saudi Arabia to supply electricity to the green hydrogen based ammonia plant in the city of NEOM appear to have been disclosed. As per media reports, the renewable energy projects will be located in the North-West region of Saudi Arabia. It will be developed near the […]

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Magenta Installs First LEV AC EV charger In Delhi For Rs 2,375

EV charging firm Magenta, has successfully developed and installed Delhi’s first LEV AC EV charger under the state government’s plan, which allows for the construction of private EV chargers for a net cost of roughly Rs 2,375/- after subsidy. Keeping with the trend for home EV charging, which generally accounts for 70-80 percent of worldwide […]

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Boralex, Energir, Hydro-Quebec Collaborate to develop 1.2 GW Wind Energy in Quebec

Canada’s leading energy players Boralex, Energir and Hydro-Quebec have come together for the development of three wind power projects with a combined capacity of 1200 MW, in Quebec province. The 400 MW Des Neiges Wind Farm – South will come up in the RCM of La Cote-de-Beaupre. Then 400MW Des Neiges Wind Farm – Charlevoix […]

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MatterEnergy 1.0, An Active liquid-cooled 2 Wheeler EV battery Pack Debuts

Even as Battery safety is in the limelight thanks to recent incidents, Matter, the Ahmedabad-based technology start-up, has unveiled its MatterEnergy 1.0 battery pack. The firm claims that this first ever battery pack of its type in India comes with unique core characteristics such as an Integrated Intelligent Thermal Management System and a Super Smart […]

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Infrastructure sector needs to think beyond traditional finance options

Infrastructure project financing is the key to taking projects successfully from planning to completion stage. The lion’s share of infrastructure finance is shouldered by banks but with stricter regulations on banks and their lending to the infrastructure sector due to NPAs, projects will require new sources of finance. Choosing the right means of funding infrastructure […]

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Chiripal Group Proposes Solar Manufacturing Investment in MP

Gujarat based diversified industrial group Chiripal Group, which has existing interests in textiles, petrochemicals, education, polyfilms and financing, has proposed an investment of Rs 4600 crores in Madhya Pradesh, under MP’s industrial promotion policy. Our understanding is that all the plans involve Gigawatt plus scale of manufacturing. The news comes even as massive solar manufacturing […]

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ONGC Has a New Director (Finance), Pomila Jaspal

In a significant movement, ONGC Limited, the country’s premier oil and gas explorer has appointed a women to the top finance position in the firm for the first time. Pomila Jaspal, who joins Alka Mittal, the acting chairperson as well as Director (HR) at the Rs 68,000 crore (FY 2021) behemoth. Jaspal has been a […]

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KSEB Tender For 11 MW Solar Across 21 Kerala Locations

The Kerala State Electricity Board (KSEB) has invited EPC contractors to bid and develop solar projects totaling 11 MW of ground-mounted, grid-connected solar plants across the state. The projects are  part of the Component A of the the  PM-KUSUM scheme, which envisages ground mounted solar projects upto 2 MW in size. KSEB has already identified […]

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