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Lithuanian firm AEI Raises EUR 92 Million For Renewable Energy Investments

Lithuania based investment company Atsinaujinančios Energetikos Investicijos (AEI) has announced that it has raised EUR 92 million in past two years and the investments will be made in the renewable energy sector. AEI is managed by Lords LB Asset Management. The company has made investments in the development of solar power plants in Poland and […]

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BPCL Targets 240 MW Renewables Expansion This Fiscal

Public sector fuel marketing major Bharat Petroleum Corporation (BPCL) is mulling for the development of 240-MW of renewable power capacity this fiscal year of 2023-24. A senior official of BPCL held that the renewable expansion of the firm will be achieved at the cost of Rs 1600 crore. BPCL was in line for divestment by […]

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Saurabh Kumar is Appointed Head of Global Energy Alliance for People and Planet

The Global Energy Alliance for People and Planet (GEAPP) has announced the appointment of Saurabh Kumar as the Head of GEAPP in India. GEAPP is an alliance of philanthropy, local entrepreneurs, government, technology, policy, and finance, with a singular focus on solving energy poverty within a green energy transition. Saurabh Kumar brings over 20 years […]

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Shakti Pumps Starts Operations in Uganda To Supply Solar Pumps

Shakti Pumps (India) Limited, of the critical Indian stainless steel submersible solar pump manufacturers, has now announced the commencement of its operations in Uganda. The company has also opened its office in the country to coordinate its expanding business better.  Indian External Affairs Minister S Jaishankar, Ramesh Patidar, Executive Director of Shakti Pumps, and other […]

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IIT Guwahati & Tata Elxsi Collaborate to Advance Electric Mobility Solutions

The Indian Institute of Technology Guwahati has entered into an agreement with Tata Elxsi. The MoU will pave the way for the development and commercialisation of solutions for the electric mobility market. Tata Elxsi looks into providing global technology services provider for the automotive and transportation industry. The signatories of the agreement were Prof. Parameswar […]

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Novalith Technologies Raises AU$23 Million to Revolutionise Lithium Production

Sydney based Novalith Technologies has raised AU$23 million in Series A funding with an objective to revolutionise the production of lithium for EV sector from sources. The company claims to be the creator of a novel lithium extraction process that will unlock vast resources and deliver them without the environmental toll of traditional approaches. Led […]

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Goldwind Exceeds 100 GW Wind Turbine Installation Worldwide

Chinese wind turbine manufacturer Goldwind has said that it has achieved the key milestone by exceeding 100 GW of global installed capacity recently. The feat is achieved through successful lifting of several wind power projects in Xinjiang, Inner Mongolia, Qinghai, Guangxi, Yunnan, Brazil, the United Arab Emirates, etc. Goldwind claims that it’s the first Chinese […]

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ArcelorMittal Form JV In Brazil To Develop 554 MW Wind Power Project

Global steel conglomerate ArcelorMittal has announced that its Brazilian entity, ArcelorMittal Brazil, is forming a joint venture partnership with Brazilian renewable major Casa dos Ventos to develop a 554 MW wind power project. ArcelorMittal Brazil will hold a 55 per cent stake in the JV, with Casa dos Ventos holding the remaining 45 per cent. […]

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RACEnergy, Hala Mobility Join Hands For Deployment Of Battery Swapping Technology

Hyderabad-based battery swapping technology player RACEnergy has collaborated with multi-modal ride-sharing platform Hala Mobility for the deployment of battery swapping technology for 2,000 electric two-wheelers. The partnership is aimed at facilitating smooth run of electric mobility. The battery swapping technology of RACEnergy will be integrated with electric scooters. These EVs will be employed for delivery […]

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