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The role of finance is critical for the holistic and comprehensive growth and development of India’s electric vehicle industry and a ‘just transition’, finds a new report released by NITI Aayog and the Rocky Mountain Institute (RMI) India. The report, titled ‘Mobilising Electric Vehicle Financing in India’, finds that the transition to clean mobility will require […]
Goldman Sachs – major banker and think tank – says that hydrogen has a key role to play in the transition to net-zero carbon emission scenario and that hydrogen production has the potential to create a niche market worth more than $1 trillion every year. In a recent media interaction, Goldman Sachs’ commodity equity business […]
Macquarie Asset Management has announced that it is the sole lender in a £275 million refinancing of a portfolio of solar power plants in the United Kingdom owned by Vantage Solar UK. The 365 MW portfolio is comprised of 24 ground-mounted solar photovoltaic plants located across England and Wales, and aligns with the European Union’s […]
Located to the west of Doha over an area of 10 km2, the Al-Kharsaa project is the first solar power plant in Qatar, with a total planned power generation capacity of 800MW. The project will be equipped with Chinese manufacturer LONGi’s Hi-MO 4 bifacial modules and a tracking system. The company claims that this will […]
The Gautam Adani-led Adani Group, which has announced a massive plan to stay on top of the renewable energy space in India and even the world, has just announced its first big move into the green hydrogen space. The firm has announced the signing of a non-binding pact with Nasdaq-listed Ballard Power Systems to evaluate […]
Bullish on the future of green mobility, Hinduja Group flagship commercial vehicle maker Ashok Leyland plans to set up a new manufacturing facility in the country to roll out electric vehicles, according recent media reports. The Chennai-based firm has also lined up a Rs 500 crore investment to develop powertrains based on alternative fuels like […]
The Ministry of New & Renewable Energy (MNRE) has issued a ‘Framework for Promotion of Decentralised Renewable Energy (DRE) Livelihood Applications’. DRE technologies are basically solutions, systems or products powered by renewable energy that help people to make a living. Solar looms, solar pumps, biomass powered cold storage and so on are some of the […]
Patna based Husk Power Systems, the rural clean energy services leader in Africa and Asia and operator of the largest fleet of community solar microgrids in India, today announced the successful close of a Rs.31 crores ($4.2 million) debt financing from the India Renewable Energy Development Agency (IREDA) Ltd. Besides the IREDA loan, Husk expects […]
In a report adopted by the European Parliament, the Members of European Parliament (MEPs) have charted out a roadmap on faster deployment of offshore wind in the continent to timely arrest global warming and climate change. This is in line with the ‘EU Offshore Renewable Energy Strategy’ that sets out the goals of reaching 60 […]
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