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SELCO & IKEA Foundation To Usher Solar Solutions For 25,000 Healthcare Facilities

With an aim to transform the public health infrastructure for improved sustainability, SELCO Foundation and IKEA Foundation, in partnership with India’s Ministry of Health and Family Welfare (MOHFW) and various State Health Missions, have launched an initiative called ‘Energy for Health’.  The program sets sights on climate adaptation and mitigation at the center to all […]

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In E3W segment, customer base may be new to credit or lack strong credit score: Sameer Aggarwal, Revfin

EV finance firm Revfin claims that it has financed over 17,118 electric vehicles in the last 51 months (as of March 2023). This translates to financing 11 electric vehicles everydayin the last 1530 days. The vehicles are plying in over 200 cities across 16 states of India. Revfin also underwrites financially excluded and underserved segments […]

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Octopus Energy Enters Asian Market With 250 MW Solar Push in Japan

London headquartered renewable player Octopus Energy has entered the Asian market. The generation arm Octopus Energy that manages £6bn green energy assets globally has announced its investment in Yotsuya Capital, an innovative solar developer in Japan, with the aim to accelerate Japan’s energy transition. Octopus Energy said that it already has projects in the pipeline […]

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Magenta Mobility Gets Capital Infusion of $22 Mn From bp, Morgan Stanley India Infra

Electric mobility solutions provider Magenta Mobility has revealed that it has concluded a Series A1 funding round, which has rung in USD 22 million equity investment coming in from UK-headquartered bp and Morgan Stanley India Infrastructure-managed investment fund. The firm has shared that with the freshly infused capital, it will look at fleet and geographical […]

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Rayzon Solar Eyes 2500 MW in India, 500 MW Capacity in USA

Solar manufacturing firm Rayzon Solar claims to have become the first Indian firm to manufacture and produce solar panels in the USA. Currently on an expansion spree, Rayzon Solar has set sights on augmenting its manufacturing capacity to 2500 MW in India and to start manufacturing of 500 MW in the USA. Under its expansion […]

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Crash in Lithium Prices: A Boon for EV Buyers or Unsustainable Trend?

Prices of the so-called ‘White Gold’ has been declining for the past few months. Lithium is a common ingredient in almost all electric-car batteries we use today. The drop in commodity prices has made it easier for carmakers to cut prices for electric vehicles. For instance, last month, Tesla lowered the prices of its two […]

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Australian Renewable Energy Agency Invites EOI For Grid-Connected Community Batteries

Last year, Australia’s government made an announcement about the $200 million in grant funding for the Community Batteries for Household Solar Program. The initiative is aimed at delivering community batteries to lower electricity bills and emissions while also aiding storage of excess solar energy, and curbing grid pressure. Now, a new round of grant funding […]

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Google to Buy Wind Energy from Ørsted for US Datacenters

In a quest to step-up the decarbonisation of its activities, tech giant Google has signed a 150 MW PPA with Danish energy major Ørsted for the purchase of renewable energy generated by Helena Wind Farm for the next 15 years. The Ørsted wind project was commissioned last year and provides low-cost electricity to the South […]

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