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US Solar Firms Form Consortium To Spend $6 Billion To Support Domestic Industry, Supply Chain

A number of solar power project developers in the USA have joined hands to spend approximately $6 billion for the supply chain expansion of solar power panels. The AES Corporation, Clearway Energy Group, Cypress Creek Renewables and D.E. Shaw Renewable Investments (DESRI), have announced the formation of the ‘US Solar Buyer Consortium’ to supplement the […]

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Preeti Bajaj Takes On The Mantle Of MD & CEO For Luminous Power Technologies

Owned by French engineering company Schneider Electric, Luminous Power Technologies has announced the appointment of Preeti Bajaj as its Chief Executive Officer and Managing Director. She will be taking over the leadership position from Vipul Sabharwal, who is superannuating. He has been leading the organisation since 2014. Preeti Bajaj will begin her stint at the […]

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EU Votes To Ban Sales Of CO2 Emitting Combustion Engine Cars and Vans by 2035

The European Union has mandated a ban on vehicles powered by internal combustion engines (ICE) by 2035. The EU Parliament has voted in favour of cars and vans with zero emissions and stipulated 2035 as the deadline to achieve the mammoth target. EU Heralding EV Revolution The judgement has come at a time when giant […]

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Sluggish Offshore Wind Digitalization will Stunt Industry’s Growth

Owners and operators of offshore wind projects need to rapidly accelerate their adoption of digitalization in a bid to head off the impact of soaring costs and supply chain challenges to retain the industry’s growth. ONYX Insight, a leading provider of data analytics and engineering expertise in the global wind industry has maintained. Despite the […]

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PFS, GGGI Collaborate To Establish RE Focused Infra Debt Fund

A memorandum of understanding (MoU) agreement has been signed between India’s infrastructure finance company PTC India Financial Services (PFS) and Global Green Growth Institute (GGGI) for the establishment of an infrastructure debt fund. The objective of the debt fund is to enhance the infrastructural development in the field of renewable energy. According to the official […]

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Karnataka Looks At A Hydrogen Cluster In Mangaluru

Karnataka recently signed two major projects about hydrogen production. ACME Cleantech Solutions Private Limited and ReNew Power have each signed to invest ₹52,000 crores and ₹50,000 crore in the state over the last one month, in MoU’s signed at Davos. Sharing the vision of the state government, Gunjan Krishna, commissioner for industrial development and director, […]

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Volvo Invests $4.9 million In Connected Energy For Second Life Battery Business

Volvo Energy is investing about 50 million Swedish kronor (SEK) or $4.9 million for 10 percent in the UK-based second-life battery energy storage specialist Connected Energy. Joachim Rosenberg, President, Volvo Energy, said, “There is a great deal of untapped potential in the second-life use of batteries. This forward-leaning investment aims to facilitate the scaling-up of […]

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MoF Recommends 762 USD/MT, 908 USD/MT Anti-Dumping Duty On Fluoro Backsheets From China

As part of the initiatives to protect the domestic industry, the Union Ministry Of Finance recommended on June 15 the imposition of anti-dumping duty on imports of Fluoro Backsheet excluding transparent backsheet, (FBETB) originating in or exported from China and imported into India. A polymer-based component used in the manufacture of solar modules, Fluoro Backsheet […]

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Nunam Will Deploy The Used Batteries of Audi In E-Rickshaw

Indo-German startup Nunam has found a way to recycle and use the used batteries of luxury car Audi. A press release by the startup on June 15 claimed that the recycled batteries of Audi will be used as a pilot project in the e-rickshaws already mainstreaming the commuting system for the office goers particularly across […]

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