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Electric Vehicles to Cost Less Than ICE Vehicles in EU by 2027: Report

Electric Vehicles will be cheaper to make than fossil-fuel vehicles in every light vehicle segment across Europe from 2027 at the latest Electric Vehicles and vans will be cheaper to make than fossil-fuel vehicles in every light vehicle segment across Europe from 2027 at the latest, according to a new BloombergNEF study commissioned by Transport & []

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LS Power Acquires 25 Facilities, Expands Solar Portfolio to 467 MW

A North American development, investment, and operating company, LS Power has announced that it has entered the clean energy platform by acquiring 25 solar power facilities from Public Service Enterprise Group Incorporated (PSEG). LS has taken its portfolio to 467 MW of solar capacity.  The solar facilities are being acquired by LS Power affiliate, Quattro []

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IHS Renewables Markets Attractiveness 2020 Rankings: US #1; India #6

London-based American-British information provider IHS Markit Ltd has released the results of another Global Renewables Markets Attractiveness Rankings for the period ending December 2020, which tracks the worlds countries attractiveness for investment for non-hydro renewables (offshore wind, onshore wind and solar PV). As the Biden Administration aims to significantly increase federal investment in renewable energy under []

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Waaree Praises PLI but Says Indian PV Manufacturers Facing Challenges

Mumbai-headquartered solar PV module manufacturer Waaree Group has expressed appreciation for the governments recently announced Production Linked Incentive (PLI) scheme and has highlighted the challenges currently facing Indian manufacturers of solar power generation equipment. Chairman and Managing Director Hitesh Doshi believes that the PLI scheme will boost the countrys manufacturing sector, which is paramount today. He []

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PLI Scheme for Manufacturing of High Efficiency PV Modules a Positive for Domestic OEMs: ICRA

The Ministry of New & Renewable Energy (MNRE) has notified the guidelines for the Production- Linked Incentive (PLI) scheme to promote the domestic manufacturing of high-efficiency solar modules and thereby reduce dependence on imports in the solar power sector. The scheme has been approved with a financial outlay of Rs. 4500-crore over a period of []

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North-West Europe has Potential to Lead Hydrogen Adoption: IEA & CIEP

Joint IEA-CIEP study shows the region is well placed to lead hydrogen adoption for clean energy transitions, but greater cooperation and policy implementation is required to accelerate deployment. North-West Europe has a well-developed hydrogen industry that could be at the edge of an unprecedented transformation should governments keep raising their ambitions for reducing greenhouse gas []

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Renault Group Signs Agreement with Iberdrola to Reach Zero Carbon Footprint in its Factories

Renault Group and Iberdrola today signed a strategic partnership to reduce the CO2 emissions of Renaults energy consumption in Spain and Portugal. Under the agreement, Iberdrola will supply green energy on a long-term basis, while implementing heat electrification and energy efficiency systems at the manufacturers facilities. Additionally, Iberdrola will analyse on-site renewable projects, electrify mobility and []

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Ola Planning to Take its Electric Scooter to the International Markets

Ola Electric is looking at taking its electric scooter to international markets this fiscal according to company Chairman Bhavish Aggarwal. Ola Electric is looking at taking its electric scooter to international markets this financial year, including countries like France, Italy and Germany, according to company Chairman and CEO Bhavish Aggarwal. The company, which is working on setting []

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Dr. Milind Kulkarni Appointed CTO of Vikram Solar

Vikram Solar, one of Indias leading module manufacturers and comprehensive EPC solutions & rooftop solar providers, has announced the appointment of Dr. Milind Kulkarni as Chief Technical officer (CTO) of Vikram Solar Limited.  As per the firm, Dr. Kulkarnis role will be critical in product & technology development and manufacturing, design & process development, while []

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