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World Bank Boosts Support For The Financial Sustainability, Reliability, And Resilience Of Zambia’s Electricity Sector – EQ

In Short : The NEAT program will facilitate the implementation of the government’s recently launched Integrated Resource Plan and is underpinned by ZESCO’s and REA’s own multi-year strategic plans. In Detail : LUSAKA : A new National Energy Advancement and Transformation Program (NEAT), a multiphase program supported by the World Bank, will help Zambia step […]

Adani Group to invest over ₹1.2 lakh crore across portfolio companies in FY25; 70% for renewable business – EQ

In Short : In FY25, Adani Group plans to invest over ₹1.2 lakh crore across its portfolio companies, with 70% allocated for the renewable energy sector, emphasizing its commitment to sustainable growth and green initiatives. In Detail : Adani Group is all set to exponentially boost its planned investments in the next fiscal year ending […]

Neste Completes Integration of Three Renewable Business Divisions through Merger – EQ

In Short : Neste successfully integrates three renewable business divisions via merger, marking a significant milestone in streamlining operations and optimizing synergies to bolster its position as a leader in the renewable energy sector. In Detail : Neste has completed its organizational restructuring, a process that was initially announced on November 1, 2023. The company […]

MOL Group Sets Aside USD 4 Billion for Green Investments by 2030 – EQ

In Short : MOL Group earmarks USD 4 billion for green investments by 2030, demonstrating a substantial commitment to sustainability and environmentally friendly initiatives, aligning with global efforts to combat climate change. In Detail : MOL Group, headquartered in Budapest, Hungary, has recently unveiled its updated long-term strategy, titled SHAPE TOMORROW, aimed at fostering a […]

India, Saudi Arabia Sign MoU In The Fields Of Electrical Interconnections, Green And Clean Hydrogen And Supply Chains – EQ

In Short : India and Saudi Arabia have inked a memorandum of understanding (MoU) covering electrical interconnections, green and clean hydrogen, and supply chains, reflecting their commitment to cooperation in advancing sustainable energy initiatives and strengthening bilateral ties. In Detail : India and Saudi Arabia signed a Memorandum of Understanding, MoU in the fields of […]

Adani Green Energy zooms 7% on subsidiary’s power purchase deal with SECI – EQ

In Short : Adani Green Energy experiences a surge of 7% following its subsidiary’s power purchase agreement with SECI (Solar Energy Corporation of India), reflecting positive market response to the company’s renewable energy ventures. In Detail : With execution of these PPAs, Adani Green Energy now has a total renewable energy project portfolio of 21,778 […]

India and UAE strengthen ties in renewable energy sector: Report – EQ

In Short : India and the UAE are deepening their collaboration in the renewable energy sector, as per reports, signifying a growing partnership in advancing sustainable energy solutions and fostering mutual development goals. In Detail : UIBC report identifies initiatives like scaling up solar, wind power capabilities and innovative grid solutions As India and the […]