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Railways to Go 100% Electric in 10 Years: Piyush Goyal

In an effort to curb its carbon footprint, Piyush Goyal has announced that the Indian Railways will go 100 percent electric in the next 10 years Railway Minister Piyush Goyal announced that the government has decided to put a deadline for 100 percent electrification of the railways. He says that the government plans to complete […]

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EV’s Have Charmed The Government – Will The Markets Follow?

On July 5, when Finance Minister Nirmala Sitharaman rose to present the Union budget for 2019, expectations were somewhat muted in the understanding that with an interim budget already presented, there was little scope for big announcements. As it turned out, the minister did make a few announcements on the taxation front as well as […]

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Tata Power-DDL, IFC Collaborate to Assess Battery Storage Demand

The motive behind the move is to ensure sustainable and reliable power distribution and to formulate a business model for storage deployment in distribution utilities. Tata Power Delhi Distribution Ltd (Tata Power-DDL), a distribution arm of Tata Power, has entered into an agreement with International Finance Corporation (IFC), a member of the World Bank Group, […]

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India Will Need $ 500-700 bn in Renewable Investments by 2030

India will require USD 500-700 billion in renewable energy and supporting grid investments by 2030, in order to meet its renewable energy targets. A new analysis has revealed that India will require USD 500 – 700 billion in renewable energy and supporting grid investments over the coming decade in order to meet its renewable energy […]

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RES and Algonquin to Jointly Develop 480 MW Wind Farm in Texas

RES has announced the agreement to jointly develop the 480 MW Maverick Creek Wind Project in Texas with Algonquin RES (Renewable Energy Systems), one of the world’s largest independent renewable energy companies, has announced the agreement to jointly develop the 480 MW Maverick Creek Wind Project in Texas with Algonquin Power & Utilities Corp. Maverick Creek […]

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IL&FS Proposes to NCLT Sale of Wind Assets to Orix

ILFS group has proposed to NCLT the sale of its wind energy assets to Japan’s Orix Corporation, reducing the debt of the company by Rs 4,800 crore. Embattled IL&FS group has proposed to the National Company Law Tribunal (NCLT) the sale of its wind energy business to Japan’s Orix Corporation which will help reduce the debt of the company by […]

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Success or Failure of Climate Change Battle Hinged on Developments in Asia: UN

The battle to combat climate change will be a “success or failure” based on the developments in Asia, where growing energy needs are increasing demand for fossil fuels The battle to combat climate change will “succeed or fail” based on what happens in Asia, where growing energy needs are increasing demand for fossil fuels, UN officials said.  […]

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GGF Attracts €4 mn in Funding for Climate Action in MENA

GGF has attracted EUR 4 million in dedicated funding from the initiative Climate Action in the Middle East North Africa (CAMENA). The Green for Growth Fund (GGF), an impact investment fund advised by Finance in Motion, has attracted EUR 4 million in dedicated funding from the initiative Climate Action in the Middle East North Africa […]

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