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Blume Ventures Invests $2.5 Million in Solar Financing Platform Aerem

Mumbai-based solar financing platform, Aerem has raised $2.5 Million in funding in a pre-series round from Blume Ventures, a New Delhi-based capital firm. The funding money ($2.5 Million) raised will go toward expanding the loan book, developing the technological platform that will enable seamless, end-to-end digital engagement with diverse stakeholders, and hiring teams that include […]

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BP And Thyssenkrupp Steel Sign MoU On Supply Of RE In Steel Production

British Oil major BP and German metal working giant Thyssenkrupp Steel have signed an MoU to ensure long-term supply of low carbon hydrogen and renewable power for steel production. Among the renewable options for both the companies are blue hydrogen, green hydrogen, wind and solar generation through solar purchase agreements. Steel accounts for 8-11% of […]

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Solar Toilets At Sissu, Triloknath Temple In Lahaul To Become Reality Soon

The Lahaul and Spiti district administration is looking to establish solar energy system-enabled toilets. The system will work even in the winter season at Sissu, close to the Atal Tunnel and on the premises of Triloknath temple, Deputy Commissioner Neeraj Kumar has said, adding that this is set to be one-of-a-facility in the country, which […]

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GMR Hyderabad Airport Saves Rs 10 Cr By Employing Solar Power

As per GMR Hyderabad International Airport Ltd (GHIAL), it has saved Rs 10 crore in the last one year since it has employed solar power to power airport operations. According to the information tendered, GHIAL owns solar power capacities totaling 10 MW. The entity had commissioned a 5 MW solar power plant meant for the […]

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JREDA Extends Deadline For 18 MW Solar Project at Giridih Solar City

Recently, Jharkhand Renewable Energy Development Agency (JREDA) has the announcement of the extension of date & time for submission & opening of bids for 18 MW Grid Connected solar power plants at Giridih City.  The last date for receipt of online bids has been extended from 13th July 2022 to 27th July 2022. The bid […]

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India’s First 100% Green Building Will Come Up In Hyderabad In March 2023

Hyderabad will earn a distinction in March next year when a first-of-a-kind 100 per cent green building will be set up at Mint Compound. It is quite appropriate that spread over 2,591 square metres, the green building will have the offices of State Renewable Energy Development Corporation Limited (TSREDCO), Super Energy Conservation Building Code (ECBC) […]

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BII To Invest Up To Rs 1925 Cr In Mahindra’s 4-Wheeler Segment

Indian multinational automotive manufacturer Mahindra & Mahindra (M&M) and the British International Investment (BII) have recently inked a pact which will facilitate investment of Rs 1,925 crore each in a wholly owned subsidiary of the home-grown auto major and form a new entity EV Co. As the name suggests, the focus will be on four-wheel […]

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Power Finance Corp Signs Loan Agreement With Japan Bank For JPY 30 Billion

An Indian financial institution under the ownership of the Ministry of Power, Power Finance Corp (PFC) has signed a loan agreement with Japan Bank for International Cooperation (JBIC). Through this loan agreement, Power Finance Corp will seek JPY 30 billion as loan amount from JBIC. As part of its “Global action for Reconciling Economic growth […]

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