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KPMG & CII Report on Shifting Gears: the Evolving EV landscape in India

The report provides an understanding of segment wise propensity to transition to EVs by analyzing use cases and Total Cost of Ownership, and estimates the EV penetration by 2025 and 2030. It evaluates the policy framework and the readiness of the enabling ecosystem for EVs i.e. charging infrastructure, ownership models, localization of production, financing, and […]

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Electric 2W Penetration Might Reach 35%, e-3W 75% by 2030: Report

A new report has predicted that electric 2W penetration in India is expected to reach 25-35 percent and that of e-3W at 65-75 percent by 2030. A new report has predicted that electric two-wheeler (2W) penetration in India is expected to reach 25-35 percent and that of e-three-wheelers (3W) at 65-75 percent by 2030. The report highlights […]

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ADB Grants $132.8 Mn Loan to Modernise Power Distribution Network in Meghalaya

ADB has approved a USD 132.8 million loan to improve power quality and upgrade the power distribution network in Meghalaya. The Asian Development Bank (ADB) has approved a USD 132.8 million loan to improve power quality and upgrade the power distribution network in India’s northeastern state of Meghalaya. The project will construct 23 substations; renovate […]

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Sungrow Crosses 1 GW Mark for PV Inverter Shipments in Chile

Sungrow has hit the 1 GW mark for PV inverter cumulative shipments to Chile, and it took first place in the shipment ranking in Chile this year. Sungrow, a leading global inverter solution supplier for renewables, has announced that the Company hit the 1 GW PV inverter cumulative shipments to Chile and took first place […]

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ENGIE to Develop 420 MW Wind Farm in Australia After Latest Acquisition

ENGIE ANZ has announced the purchase of the 420 MW (on completion) Hills of Gold Wind Farm development near Nundle, New South Wales in Australia. ENGIE Australia & New Zealand (ENGIE ANZ) has announced the purchase of the Hills of Gold Wind Farm development near Nundle, New South Wales in Australia. The project, which is […]

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Okaya Completes Installation of Over 500 EV Chargers, has Orders for 10,000 More

Okaya Power has completed the installation of over 500 EV chargers and has over 10,000 charger installation orders with it as well. Energy storage solutions provider Okaya Power has announced that it has completed the installation of over 500 EV chargers for electric vehicles across the country. Besides this, the company has revealed that it has over […]

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MG Motor, Tata Power Inaugurate 1st Superfast EV Charging Station in Nagpur

MG Motor India and Tata Power have inaugurated the first 50 KW DC superfast charging EV station in the city of Nagpur, Maharashtra. MG Motor India and Tata Power Corporation Limited have announced that it has inaugurated the first superfast charging EV station in the city of Nagpur. Further strengthening the electric vehicle ecosystem, the […]

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Vestas Makes Offshore Move, to Acquire MHI’s Share in MHI Vestas

Vestas and MHI have signed an agreement which will see Vestas acquire MHI’s shares in the MHI Vestas Offshore Wind joint venture Vestas Wind Systems, a world leader in sustainable energy solutions, and Mitsubishi Heavy Industries (MHI), a leading global manufacturing and engineering firm, have signed an agreement to expand their partnership in sustainable energy. […]

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Pandemic Saves 2.5 Years of Emissions, Accelerates Coal Timeline in India: BNEF

The drop in energy demand due to the pandemic will remove some 2.5 years worth of energy sector emissions between now and 2050, according to BNEF The stark drop in energy demand due to the coronavirus pandemic will remove some 2.5 years’ worth of energy sector emissions between now and 2050, according to research company […]

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