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EV Startup Matter Invests in EV market, Aiming $1 billion Turnover by 2025

Gujrat based EV and energy storage technology startup, Matter expects to achieve a turnover of USD 1 billion (over Rs 7,250 crores) by 2025, a top company official stated. The company has invested USD 3 million (over Rs 20 crores) so far. Matter will be launching its lithium-ion batteries for solar and renewable management by […]

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European Renewable PPA Market Could Exceed 10 GW in 2021: Report

The European renewable PPA market is likely to exceed 10 GW in 2021, due to the growing offshore wind momentum throughout Europe and more. The European renewable energy power purchase agreement (PPA) market is likely to exceed 10 GW in 2021, due to continued momentum in Spain, the emergence of a strong subsidy-free market in […]

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Solar now the Cheapest Source of new Power in Many Markets: WoodMac

A new report finds that by 2030, solar will become the cheapest source of new power in every US state, plus Canada, China & 14 other nations The cost of solar power has dropped 90 percent over the last two decades, and will likely fall another 15 percent to 25 percent in the decade to […]

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Borosil Renewables, The Newest Renewable Star On The Stock Market

Borosil Renewables Limited, the Mumbai based firm manufacturing firm that specialises in solar glass, has had a dream run up in the stock markets. Luckily for investors, this is a firm that has some real numbers to back it up, although valuations remain a matter of hope over substance probably. The firm, formerly called Borosil […]

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India’s EV Market to Grow at 44 percent CAGR Until 2027: IESA

In its latest report, IESA has forecasted that India’s EV market is expected to grow at a CAGR of 44 percent between 2020-2027. In its latest report, India Energy Storage Alliance (IESA) has forecasted that in its base case scenario – India’s EV market is expected to grow at a CAGR of 44 percent between […]

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An Apple Electric Car? The EV Market Welcomes It

An Apple Electric Car, irrespective of the details like price and technology, will add more momentum to the EV market With a global news agency (Reuters in this case) almost confirming Apple’s plans for an electric car, one must realise what this means. For one, there is the usual promise of the car achieving a […]

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Perceived Risk of Investment in Indian Solar Market Cited in UNDP HDR

The latest edition of the UNDP HDR cited the case of India to explain the disparity in renewable investments around the world The latest edition of the United Nations Development Programme (UNDP) Human Development Report (HDR) cited the case of India to explain the disparity in the investments made in renewable energy amongst lower-middle-income and […]

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As Battery Cell Prices Hit $110/KWH, Challenges Remain- Report

According to Benchmark Mineral Intelligence’s study, Lithium-ion battery cell prices have decreased from $290/kWh in 2014 to $110/kWh in 2020 (large contract automotive), and there is a view in the lithium-ion industry that this trend will continue indefinitely. This in turn will lower the price of electric vehicles and bring cost parity between the internal […]

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Vietnam’s Position as Leading Wind Market in Southeast Asia is Under Threat: GWEC 

The Global Wind Energy Council (GWEC) appreciates the recent decision by the Vietnamese government to approve an extension of the Feed-in Tariff (FIT) scheme for wind power in the country. However, the proposed reduction to the FIT risks damaging the growth of Vietnam’s promising wind power sector by slowing down investment, the creation of new […]

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