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energy investments

2023 Proved Brightest For Wind Power Generation In India: Govt

Union Minister R.K Singh in a written reply before the parliament shared data on the contribution of wind energy in the total energy mix in the last three years. The data revealed an incremental growth in the wind generation capacity to the overall renewable energy. The data said that 2023 proved fruitful for the wind […]

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UK-EU New Trade Rule To Support, EV Manufacturers And Consumers

The United Kingdom government (UK) and European Union (EU) have recently announced their agreement to extended trade rules on electric vehicles (EVs). The move is set to help the manufacturers and consumers save up to £4.3 billion in additional costs.  This agreement can provide long term certainty for automotive industry and boost electric vehicle sales […]

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Maharashtra Leads In Providing Incentive Under The Rooftop Solar Program In 2023

The Union Minister for New & Renewable Energy and Power (MNRE) informed the parliament in a written reply to the renewable energy capacity in the country has increased by about 2.35 times in the last decade.  Among other details, the minister gives a state-wise detail of subsidies provided under various schemes to encourage new and […]

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India’s RE Sector Saw FDI Equity Investment of USD 6,137.39 Mn in Last 3 Financial Years

The Minister for New & Renewable Energy and Power, R.K. Singh, disclosed measures taken to entice Foreign Direct Investment (FDI) into India’s renewable energy sector. Currently, India’s FDI policy permits up to 100% investment in the renewable energy sector through the automatic route. According to the Department for Promotion of Industry and Internal Trade (DPIIT), […]

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Saudi’s ACWA Power in PPA with South Africa for Dispatchable RE Project of 150 MW

Saudi-based clean energy firm ACWA Power, has entered into a Power Purchase Agreement (PPA) for a project known as, ‘ACWA Power Project DAO’ to be established in South Africa. The initiative is for a dispatchable renewable hybrid plant of 150 MW capacity. The signatories of the agreements included Gwede Mantashe, Minister of Mineral Resources and […]

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Panasonic Selects 12 Startups as Part of Corporate Accelerator Program 

Panasonic Life Solutions India (PLSIND) and Panasonic Corporation (PC) in collaboration with a leading seed stage venture capital (VC) – 100X.VC announced the shortlist of 12 start-ups from over 140 entries received for the ‘Panasonic Ignition’ Corporate Innovation accelerator program. Panasonic aims to mentor, guide, and fund early to mid-stage startups that are creating innovative […]

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Li-ion Battery Recycling Firm BatX Energies Raises $5 Million Funding

Indian Lithium-ion battery recycling firm BatX Energies raised $5M in Pre-Series A Funding, fueled by Zephyr Peacock in participation with Lets Venture, and existing investors JITO Angel Network and Family offices of Mankind Pharma, Excel Industries, BluSmart and others.  Setting up the momentum for the Lithium-ion Battery recycling industry in India, the funds will turbocharge […]

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GoodWe Among Top Three PV Inverter Suppliers in Europe: Report

GoodWe, a solar solutions company, revealed that it stood among the top three solar PV inverter suppliers in Europe for the year 2022. According to a report by Wood Mackenzie, an energy research agency, GoodWe held a notable 7% share in the European market in the preceding year. Its PV inverter shipments to Europe rose […]

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Sembcorp Ties up with Japanese Firms for Export of Green Ammonia from India

Singapore-based Sembcorp Industries has joined hands with two Japan-based firms for the production of green ammonia in India. The green ammonia produced will be supplied to Japan. The green hydrogen arm of Sembcorp, called Sembcorp Green Hydrogen Pte, has forged agreements with conglomerate Sojitz Corp and energy major Kyushu Electric Power for the exploration of […]

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