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Anand Gupta

Editor - EQ Int'l Media Network

Toyota scrambles for EV reboot with eye on Tesla

Toyota (7203.T) is considering a reboot of its electric-car strategy to better compete in a booming market it has been slow to enter, and has halted some work on existing EV projects, four people with knowledge of the still-developing plans said. The proposals under review, if adopted, would amount to a dramatic shift for Toyota […]

GE cuts full-year earnings forecast on troubles at renewable energy business

General Electric Co on Tuesday trimmed its full-year profit forecast after reporting a decline in third-quarter earnings, primarily due to higher warranty and related reserves at its renewable energy business. The company, however, reported much higher-than-expected free cash flow. Its quarterly revenue also topped Wall Street’s estimates. GE’s shares were down about 1.8% at $72.02 […]

Hyundai breaks ground on $5.5B electric car plant in Georgia

Hyundai Motor Group is rapidly moving ahead with construction of its $5.5 million electric vehicle and battery plant in Georgia ELLABELL, Ga. (AP): A robotic dog delivered a champagne toast and Georgia’s governor and junior U.S. senator shared a brief bipartisan celebration ahead of high-stakes elections as Hyundai Motor Group broke ground Tuesday on its […]

Statkraft Sees Solar As World’s Largest Energy Source In 2035, Producing 21,000 TWh Clean Energy – EQ Mag Pro

Statkraft’s 7th edition of Low Emissions Scenario sees clean energy as main solution to ensure energy security at affordable energy prices Solar will play a significant role generating over 21,000 TWh in 2050, increasing by a factor of 26 from today Need to decentralize supply chains for metals critical to the energy transition that’s currently […]

Brazil: TotalEnergies partners with Casa dos Ventos to jointly develop a 12 GW renewable energy portfolio – EQ Mag Pro

Paris : TotalEnergies (TTE) and Casa dos Ventos (CDV), Brazil’s leading renewable energy developer, announced today the creation of a 34%(TTE)/66%(CDV) joint venture to jointly develop, build and operate the renewable portfolio of Casa Dos Ventos. This portfolio includes 700 MW of onshore wind capacity in operation, 1 GW of onshore wind under construction, 2.8 […]

Volkswagen to rake in almost half of Spain’s EV subsidies

MADRID: Volkswagen’s Spanish subsidiary SEAT will rake in almost half of the nearly 900 million euros ($888 million) in government subsidies allocated for electric vehicle development, Spain’s Industry Ministry said on Tuesday. Volkswagen said in a statement it would now analyse the ministry’s decision and study its impact so that planned investment projects could be […]

TotalEnergies reaches 500 MW of onsite B2B Solar Distributed Generation for the self-consumption of its Customers Worldwide – EQ Mag Pro

Paris : TotalEnergies announced today it reached the milestone of 500 MW of onsite B2B solar distributed generation in operation. More than 300 sites of its industrial and commercial customers have been equipped with solar panels in Asia, the Middle East, Europe and the United States. TotalEnergies sells to its B2B customers green electricity produced […]

Shizen Energy and CDPQ announce JPY 70-billion (USD 474-million) investment by CDPQ to accelerate the energy transition in Japan and key international markets – EQ Mag Pro

This first direct infrastructure investment in Japan by global investment group CDPQ will allow Shizen Energy to grow in Japan and in key international markets. With this announcement, Shizen Energy’s fundraising initiatives total over JPY 74.4 billion (USD 502 million) this year. Shizen Energy Inc. (Shizen Energy), a renewable energy leader in Japan, and CDPQ, […]

Swift Current Energy, First Solar in Agreement for 2 GW of American Solar Modules – EQ Mag Pro

Multi-year order for responsibly produced thin film solar modules with 2025, 2026 deliveries TEMPE, Ariz. : First Solar, Inc. (Nasdaq: FSLR) today announced that it has entered into an agreement to supply Swift Current Energy with 2 gigawatts (GW)DC of its high-performance, responsibly produced thin film solar modules in 2025 and 2026. The deal represents […]

CEFC gets $8.6 billion in new funding to connect renewables to the grid – EQ Mag Pro

The federal government has injected another $8.6 billion into the Clean Energy Finance Corp (CEFC) to spend on its Rewiring the Nation projects. The CEFC is leading the financial aspects of the program and says the cash is the first extra funding it’s ever received from the government in its decade-long life. “This new capital […]