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Climate Financing by 7 of the Largest MDB’s Totalled $61.6 Bn in 2019

Climate financing by seven of the world’s largest multilateral development banks (MDBs) totalled USD 61.6 billion in 2019 Climate financing by seven of the world’s largest multilateral development banks (MDBs) totalled USD 61.6 billion in 2019, with USD 41.5 billion (67 percent) in low- and middle-income economies, according to the 2019 Joint Report on Multilateral Development […]

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India is Power Surplus, E-Mobility Solutions in Interest of the Country: Gadkari

Union Minister Nitin Gadkari believes India is power surplus so the benefits of e-mobility solutions are very much in the interest of the country. Union Minister for Road Transport and Highways, Minister of Shipping, and the Minister of Micro, Small and Medium Enterprises, Nitin Gadkari believes India is power surplus so the benefits of e-mobility […]

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Facebook Signs PPA to Purchase Power From Apex’s 300 MW Wind Project

Apex Clean Energy has executed a PPA with Facebook for approximately 170 MW of renewable power from its 300 MW Lincoln Land Wind project in Illinois. Apex Clean Energy has announced that Lincoln Land Wind has executed a power purchase agreement (PPA) with Facebook for approximately 170 MW of renewable power from the Illinois-based wind […]

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Tata Motors Announces Monthly Subscription Model for its Nexon EV

Tata Motors has launched a subscription model for EVs, under which it is making available the Nexon EV at a fixed rental starting at Rs 41,900 per month. Tata Motors, one of India’s leading automobile manufacturers, has announced the launch of a first of its kind subscription model for electric vehicles (EV). Designed to make […]

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Mercedes-Benz and CATL Expand Partnership on EV Battery Technology

Mercedes-Benz and CATL have entered the next stage of their partnership and will create cutting-edge battery technology for the German firms’ EV portfolio. Mercedes-Benz and Contemporary Amperex Technology Limited (CATL) have entered the next stage of their strategic partnership and will create cutting-edge battery technology in support of the high-volume electrification of the Mercedes-Benz model portfolio. […]

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Retiring old Thermal Plants the 1st Hurdle in Reducing Discoms Debts: IEEFA

Discoms need to work with state governments to retire their old inefficient and expensive thermal power plants as the first step in reducing their debts A new report by IEEFA proposes recommendations to reduce financial and operational inefficiencies across India’s power distribution sector, which as of May 2020 had accumulated massive overdue payment liabilities of […]

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Offshore Wind to Surge to 234 GW by 2030, Create 900K Jobs: GWEC

Global offshore wind capacity will surge to over 234 GW by 2030 from 29.1 GW at the end of 2019, led by exponential growth in the Asia-Pacific region Global offshore wind capacity will surge to over 234 GW by 2030 from 29.1 GW at the end of 2019, led by exponential growth in the Asia-Pacific […]

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Slowdown in Power Generation Decline Seen as a Sign of Recovery

The rate of decline in power generation in the past few months have slowed down in July, this slowdown is being seen as a sign of recovery. According to data made available by government resources, the rate of decline in power generation in the past few months has slowed down in July. This slowdown is […]

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