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Anand Gupta

Editor - EQ Int'l Media Network
EDF, DP Energy Team Up on 1 GW Floating Wind Farm Project in UK
Tenders

Seven INTOG floating wind projects sign exclusivity agreements – EQ

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Crown Estate Scotland today confirmed that seven floating offshore wind projects have signed exclusivity agreements as part of its Innovation and Targeted Oil & Gas (INTOG) leasing round, the outcome of which was announced March 2023. The seven projects, which are intended to supply power to oil and gas infrastructure, add to five innovation projects […]
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India to see $395 billion capex on decarbonisation by 2030
Business & Finance

AB InBev and South Pole Partner To Accelerate Supply Chain Decarbonisation Across Europe Through Launch of a Renewable Electricity Group Buying Initiative – EQ

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In Short : This partnership demonstrates a proactive approach by AB InBev and South Pole in realizing their commitment to sustainability and promoting the widespread adoption of renewable energy solutions. Additionally, the initiative is likely to set a positive example for other companies and industries seeking innovative ways to accelerate decarbonization efforts and reduce their […]
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NTPC Limited transfers renewable energy assets to NTPC Green Energy Limited (NGEL)
India

India Launches Auction for Critical Minerals to Meet Renewable Energy & Defence Needs – EQ

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In Short : The initiative to procure critical minerals aligns with India’s efforts to reduce its dependence on imports and bolster its self-reliance in key industrial sectors. By securing a domestic supply of essential minerals, India aims to fortify its energy security and enhance its ability to meet the demands of its rapidly expanding renewable […]
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Renewables to dominate growth of global electricity supply IEA report
India

$293 billion needed for India’s tripling of renewables by 2030: Report – EQ

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In Short : The estimated investment required for India to triple its renewable energy capacity by 2030 is approximately $293 billion, according to a report. This ambitious target indicates the substantial financial commitment necessary to significantly expand renewable energy sources within the country. In Detail : If the IEA global net zero pathways are to […]
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Wind Turbines Windmill Energy
Business & Finance

RWE boosts green investments to €55 billion – EQ

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In Short : Factors such as scaling up renewable energy capacity, improving energy efficiency, and transitioning away from fossil fuels are likely contributors to the financing needed for India to reach its net-zero goals. The financing required encompasses a wide range of areas including infrastructure, technology, policy implementation, and more. In Detail : German utility […]
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Moy Wind Farm
India

India needs $101 bn additional financing to reach net-zero targets: Ember – EQ

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In Short : According to the analysis by Ember, an energy and climate research organization, India would require an additional $101 billion in financing to achieve its net-zero emissions targets. This significant financial investment would be crucial for India’s transition to a low-carbon economy and the implementation of sustainable energy initiatives. In Detail : New […]
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FILE PHOTO: Apple supplier Foxconn, others hit as India holds up imports from China-sources
Business & Finance

Taiwan’s Foxconn plans to invest $1.54 bn more in India – EQ

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In Short : Taiwan-based Foxconn, a major electronics manufacturer, has announced its plans to invest an additional $1.54 billion in India. This significant investment indicates Foxconn’s continued commitment to expanding its operations in the country, potentially contributing to the growth of India’s manufacturing sector and the creation of employment opportunities. In Detail : Taiwanese tech […]
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SIEMENS
Quarter Results

Siemens net profit down 12.4% to Rs 571 crore in September quarter – EQ

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In Short : Siemens’ net profit for the September quarter has decreased by 12.4% to Rs 571 crore. This decline in net profit signals a decrease in the company’s earnings compared to the same period in the previous year. In Detail : Siemens in India reported a 12.4 per cent dip in its net profit […]
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Coalescing ESG’s Shared Value with Business Goals for the Creation of Net-Zero Future
Business & Finance

Net zero goal calls for USD 5 trillion in annual green investments: IMF – EQ

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In Short : The International Monetary Fund (IMF) has highlighted the need for substantial investments to achieve net-zero carbon emissions, estimating that an annual investment of USD 5 trillion is required. This significant figure underscores the scale of investment needed to transition to a low-carbon economy and mitigate the impacts of climate change. In Detail […]
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Tata Power profit zooms 74% to Rs 465 cr in April-June quarter
Featured

Tata Power Renewable Energy Limited secures Letter of Award for development of 200 MW Firm and Dispatchable Renewable Energy Project with SJVN Limited – EQ

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The installation is expected to offset ~9 lakh metric tonnes of CO2 emissions annually Tata Power Renewable Energy Limited (TPREL), a subsidiary of The Tata Power Company Limited, one of the largest renewable energy players in India, has received a Letter of Award (LOA) for developing a 200 MW Firm and Dispatchable Renewable Energy (FDRE) […]
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