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Volkswagen Targeting 1.5 mn Electric Vehicle Sales by 2025

Volkswagen will reach 1 million electric vehicle sales by end of 2023, two years earlier than previously predicted, and 1.5 million to be produced in 2025 Volkswagen has announced that over the next few years it intends to become the world market leader in e-mobility and is investing EUR 33 billion in these efforts throughout […]

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MNRE Clarifies on Implementation of PM-KUSUM Scheme

After clarification sought by the implementing agencies on certain issues, the Ministry of New and Renewable Energy (MNRE) has issued a clarification on the implementation of Pradhan Mantri Kisan Urja Suraksha evam Utthan Mahabhiyan (PM-KUSUM) Scheme. As per the MNRE notification, the distribution companies (Discoms) can, if they desire so, pass on the Procurement Based […]

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Acciona Puts in Services its 145 MW Wind Farm in Texas

Acciona has put into service the 145 MW Palmas Altas Wind Farm, its ninth in the US, with a total investment of some USD200 million. Acciona has put into service the Palmas Altas Wind Farm, its second one installed in Texas and its ninth in the US, with a total investment of some USD200 million […]

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Delhi Breaks 119 Year Temperature Record and Winter Power Demand

As Delhi grapples with one of its coldest winters in 119 years the capital also touched a record high of 5298 MW in peak power demand, highest till date As Delhi grapples with one of its coldest winters in over 119 years the Tata Power Delhi Distribution (Tata Power-DDL) has announced that it has successfully […]

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PFC Tenders for Transmission System for 2500 MW WEZ in Tamil Nadu

PFC has tendered for developing transmission systems for the evacuation of 2500 MW of wind power from the Karur/ Tiruppur WEZ of Tamil Nadu. PFC Consulting, a subsidiary of Power Finance Corporation, has issued a tender for shortlisting transmission service providers to develop transmission systems for the evacuation of 2500 MW of wind power from […]

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Global Power Industry Contracts Slip 9% in Nov

The global power industry contracts activity saw a decline of 9 percent with 269 contracts announced in the month of November this year, against the last 12-month average of 296 contracts, as per the GlobalData. According to the data and analytics company, Asia-Pacific secured the top position with 91 contracts and 33.8 percent share during […]

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Cabinet Approves MoU With Saudi Arabia for Cooperation in Renewables

The Union Cabinet has approved the MoU signed between MNRE and Ministry of Energy of the Kingdom of Saudi Arabia for cooperation in the field of Renewables The Union Cabinet chaired by Prime Minister Narendra Modi has approved the Memorandum of Understanding (MoU) signed between the Ministry of New and Renewable Energy (MNRE) of the […]

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Enel Green Power Connects 4 Wind Farms in Spain Worth 98 MW

Enel Green Power España, Endesa’s renewable energy subsidiary, has connected 4 wind farms to the grid in Spain, with a total capacity of 98 MW Enel Green Power España (EGPE), Endesa’s renewable energy subsidiary, has connected the El Campo, La Estanca, Loma Gorda and Santo Domingo de Luna wind farms to the grid in Spain. […]

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Electric Pickup Truck Startup Rivian Closes $1.3 Billion Funding Round

Rivian has announced that it has closed a funding round of USD 1.3 billion. The financing was led by funds and accounts advised by T. Rowe Price. Michigan-based electric pickup truck startup Rivian has announced that it has closed an investment/ funding round of USD 1.3 billion. The financing was led by funds and accounts […]

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