Business & Finance

Transgrid to spend $11 bln to prepare Australian state for 100% renewables – EQ Mag

June 22, 2023 Anand Gupta

$11 billion allocated to accelerate transition to clean energy in Australia In a groundbreaking announcement, Transgrid, the major grid operator in Australia, has unveiled a bold infrastructure investment plan that will propel the most populous state towards achieving 100% renewable energy within a decade. With a commitment of A$16.5 billion ($11.20 billion), Transgrid aims to […]

Business & Finance

IIFCL to raise Rs 17,000 cr from bond issuances in FY24 – EQ Mag

June 22, 2023 Anand Gupta

He said India Infrastructure Finance Company (IIFCL) will be looking at five to six more tranches of bond issuances in the remainder of the year to meet the target. MUMBAI : Infra financier IIFCL is targeting to raise up to Rs 17,000 crore through bond issuances in FY24, a top official said on Tuesday. The […]

Michelin to power its Chennai plant with renewable energy

Business & Finance

Michelin ties up with clean energy solutions provider to raise renewable energy usage to 37 pc at TN plant – EQ Mag

June 22, 2023 Anand Gupta

Tyre maker partners CleanMax Enviro Energy Solutions for supply of solar power; will increase total contribution of renewable energy to 37% from current 11% and account for reduction of 11,712 tons of CO2 emissions annually. Michelin India has signed a Power Purchase Agreement (PPA) with CleanMax Enviro Energy Solutions for supply of green energy for […]

Brazil – TotalEnergies Partners With Casa dos Ventos to Jointly Develop a 12 GW Renewable Energy Portfolio

Business & Finance

Annual clean energy investments will need to more than triple from $770 bn: Report – EQ Mag

June 22, 2023 Anand Gupta

Paris : Annual clean energy investments in emerging and developing economies will need to more than triple from $770 billion in 2022 to as much as $2.8 trillion by the early 2030s to meet rising energy needs and align with the climate goals set out in the Paris Agreement, a new report released by the […]

Business & Finance

Netherlands, Denmark to help create $1 billion South Africa hydrogen fund – EQ Mag

June 21, 2023 Anand Gupta

South Africa’s abundant wind and solar resources and industrial capacity have positioned it to potentially become a key producer of the green fuel. The Netherlands and Denmark will help create a $1 billion green hydrogen fund for investment in South African projects, according to the chief executive officer of the Development Bank of Southern Africa. […]

NTPC Limited transfers renewable energy assets to NTPC Green Energy Limited (NGEL)

Business & Finance

Transgrid to spend $11 bln to prepare Australian state for 100% renewables – EQ Mag

June 21, 2023 Anand Gupta

Australia’s most populous state will be ready for 100% renewable energy within a decade under a A$16.5 billion ($11.20 billion) infrastructure investment plan announced by a major grid operator on Wednesday. Transgrid, privatised in 2015, will invest in batteries and other energy storage, as well as 2,500 kilometers (1,553.4 miles) of new transmission lines across […]

Business & Finance

Singareni, NTPC sign four pacts on coal supply, advance payment, flexibility – EQ Mag

June 21, 2023 Anand Gupta

Company supplies coal to thermal power units in 16 States including Telangana, AP Singareni Collieries Company Ltd and NTPC Ltd have signed four agreements on supply of coal to Kudgi and Solapur thermal units of the latter, for adjustment of total coal supply under linkage for its plants based on the need and for advance […]

Pakistan Signs $4.8 Billion Nuclear Power Plant Deal With China

Business & Finance

Pakistan and China sign $4.8 bln nuclear power plant deal – EQ Mag

June 21, 2023 Anand Gupta

ISLAMABAD : Pakistan and China signed a $4.8 billion deal Tuesday to build what would be the seventh Chinese nuclear power plant in the South Asian nation. The 1,200-megawatt project will be installed in the central Pakistani city of Chashma, where Beijing already has built four nuclear power generation units with a collective output of […]

Monthly meeting in virtual mode with original equipment manufacturers of wind turbine generators availing concessional customs duty benefits

Business & Finance

Norwegian Climate Investment Fund to invest in Indian wind power plant – EQ Mag

June 21, 2023 Anand Gupta

The largest pension company in Norway, KLP, and the Norwegian Climate Investment fund, run by Norfund, have pledged ownership and guarantees for a 168 MW wind farm being built by Enel Green Power in India. Over 59 GW of installed renewable capacity are operated by Enel Green Power, a subsidiary of the Enel Group created […]

NHAI, NTPC, NHPC too hit by Moody’s cut; rating outlook cut on 7 sovereign-linked infra bond issuers

Business & Finance

Business route taken by India’s renewable IPPs will reflect their credit quality – EQ Mag

June 21, 2023 Anand Gupta

The credit quality of India’s large and rated renewable energy independent power producers (IPP) will reflect the different routes they have chosen for the next two to three years, said Moody’s Investors Service in a report. According to Moody’s, the paths chosen by the renewable energy IPPs will have a varying impact on their respective […]