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Luthra and Luthra Acts On 4th Consecutive Bond Raise By Virescent Renewable Energy Trust – EQMagPro

Luthra and Luthra Law Offices Banking and Finance team recently advised ICICI Bank Limited, Yes Bank Limited, and India Infrastructure Finance Company Limited in connection with the private placement of up to 1,500 NCDs aggregating to INR 150 crores in 2 series by Virescent Renewable Energy Trust. The transaction team comprised Karan Mitroo (Partner) and […]

Umicore and PowerCo establish joint venture for European battery materials production- EQMagPro

Unique cooperation in European automotive industry: Umicore and Volkswagen Group battery company PowerCo to establish large-scale supply chain for sustainable batteries   Joint venture invests € 3 billion and aims to produce battery materials for 2.2 million fully electric cars per year by the end of the decade   Headquartered in Brussels, JV will provide Umicore secured […]

S&P Dow Jones Indices Launches Net Zero 2050 Paris-Aligned Climate Bond Index – EQ Mag Pro

LONDON : S&P Dow Jones Indices (“S&P DJI”), the world’s leading index provider, today announced the launch of the iBoxx EUR Corporates Net Zero 2050 Paris-Aligned ESG index. This climate-focused bond index expands S&P DJI’s Paris-Aligned and Climate Transition (S&P PACT™) indexing capabilities and adds to its growing line-up of global iBoxx fixed income indices. […]

Quinbrook Sells Scout Clean Energy to Brookfield for US$1 billion – EQ Mag Pro

New York, NY  : Quinbrook Infrastructure Partners (“Quinbrook”), a specialist investment manager focused exclusively on new infrastructure needed for the energy transition, announced today the execution of binding contracts for the sale of its portfolio company, Scout Clean Energy (“Scout”), to Brookfield Renewable for c. US$1 billion in cash on completion. Quinbrook acquired Scout as […]

Brookfield to invest up to $2 billion in Scout Clean Energy and Standard Solar – EQ Mag Pro

$3.5 billion invested or allocated by Brookfield in North America clean energy sector this year Brookfield owns and operates an almost 65,000 MW diversified portfolio of renewables in the U.S., One of the largest clean power businesses in the country Brookfield Renewable (NYSE: BEP, BEPC; TSX: BEP.UN, BEPC), together with its institutional partners, announces two […]

Sunwoda and Dongfeng Motor to Jointly Invest RMB 12 Billion in 30GWh Power Battery Manufacturing Project – EQ Mag Pro

The global power battery market is growing rapidly thanks to the boom in the global EV market. At the same time, the demand gap for power batteries continues to widen. In view of this situation, battery suppliers have partnered with carmakers to develop power battery manufacturing projects. This type of joint venture is gradually emerging […]

Hero MotoCorp to invest $60 mn in Zero Motorcycles to develop e-bikes – EQ Mag Pro

Hero MotoCorp on Thursday said it will invest $60 million (about Rs 490 crore) in US-based Zero Motorcycles to jointly develop electric motorcycles. The country’s largest two-wheeler maker said it is finalising a collaboration agreement with the California (US)-based manufacturer of premium electric motorcycles and powertrains. The company’s board has approved an equity investment of […]

Indian Biogas Association gets investment commitments worth Rs 1,400 cr at Renewable Energy India Expo – EQ Mag Pro

New Delhi : Indian Biogas Association on Saturday said it has received investment commitments worth Rs 1,400 crore at Renewable Energy India Expo 2022. “Indian Biogas Association (IBA), an industry association comprising of operators, manufacturers, and planners of biogas plants, announced that Renewable Energy India Expo 2022 has received the commitment of investment worth Rs […]