Business & Finance

Kutch heritage, Modhera solar-powered village

Energy platform Athein seeks up to $300 mln for solar projects – EQ Mag

June 13, 2023 Anand Gupta

Milan Koev, Athein’s chief executive based in Singapore, said the company seeks $1bln in total over the next five years, to fund the 2.5 gigawatt-peak (GWp) pipeline of projects HONG KONG/SINGAPORE : Asian renewable energy platform Athein is seeking to raise between $250 million and $300 million in equity from investors to fund its planned […]

Business & Finance

Economic ties at heart of India, US strategic partnership, says Secretary of State Blinken – EQ Mag

June 13, 2023 Anand Gupta

Washington : Ahead of Prime Minister Narendra Modi’s State Visit, US Secretary of State Antony Blinken has said economic ties are at the heart of the Indo-US strategic partnership and added that the two countries are helping shape innovations of the future and the norms governing them. Modi has been invited by President Joe Biden […]

Thyssenkrupp pulls trigger on long-awaited IPO of hydrogen division Nucera

Business & Finance

Thyssenkrupp to list hydrogen unit Nucera – EQ Mag

June 13, 2023 Anand Gupta

Nucera targets primary proceeds of up to 600 mln euros Offering expected to be completed before summer break Offering will primarily consist of new shares De Nora shares -0.9%, Thyssenkrupp +0.3% FRANKFURT/DUESSELDORF : Thyssenkrupp (TKAG.DE) launched on Monday the long-awaited listing of its hydrogen division Nucera, suggesting its new chief executive intends to waste no […]

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

Business & Finance

SJVN Green Energy bagged 200 MW wind energy project worth Rs 1,400 cr – EQ Mag

June 13, 2023 Anand Gupta

State-owned SJVN Ltd arm SJVN Green Energy on Monday bagged a 200 MW wind power project entailing an investment of Rs 1,400 crore in a tariff-based competitive bidding conducted by Solar Energy Corporation of India. This wind power project will be developed by SJVN Green Energy anywhere in India through EPC (engineering procurement construction) contract, […]

Hertz-Tesla deal signals broad shift to EVs for rental-car companies

Business & Finance

Tesla’s record run drives nearly USD 200 billion jump in value – EQ Mag

June 12, 2023 Anand Gupta

The clouds are finally parting for Tesla Inc. investors who stuck with the electric-vehicle maker through a rough ride. A rush of good news for the company and the return of bullish market conviction have put the stock on pace to more than double this year. The Elon Musk-led EV company has added more than […]

Inox Green to acquire majority stake in wind service provider

Business & Finance

Sumitomo, 2 others to invest $250 mn in Amp Energy India – EQ Mag

June 12, 2023 Anand Gupta

NEW DELHI : Japan’s Sumitomo Mitsui Banking Corp. (SMBC), Asian Infrastructure Investment Bank (AIIB), and private equity firm Intermediate Capital Group (ICG) have committed to invest $250 million in Amp Energy India, the company’s chief executive officer and managing director Pinaki Bhattacharyya said. The transaction will soon be formally announced and the proceeds will be […]

Business & Finance

UAE emerges as 4th largest investor in India in FY23; Infra, Renewable energy in focus – EQ Mag

June 12, 2023 Anand Gupta

New Delhi : The United Arab Emirates (UAE), with which India implemented a comprehensive free trade agreement in May last year, has emerged as the fourth largest investor in India during 2022-23, according to government data. In the last fiscal, foreign direct investment (FDI) from the UAE to India jumped over three-fold to USD 3.35 […]

Bordeaux,,,Aquitaine,France,-,11,11,2021,:,Totalenergies

Business & Finance

TotalEnergies Signs a 25-year PPA for a 1 GW Wind Project in Kazakhstan – EQ Mag

June 10, 2023 Anand Gupta

TotalEnergies (TTE) confirms its commitment to the energy transition in Kazakhstan with the signature of a Power Purchase Agreement (PPA) for the Mirny project. This will be the first PPA signed in the country for a wind project of such scale. Located in the Zhambyl region, the project aims to build a 1 GW onshore […]

Key technology trends in battery storage 2022-2030 Sungrow Q&A

Business & Finance

CSI Energy wins battery storage systems contract from Unibal – EQ Mag

June 10, 2023 Anand Gupta

Canadian Solar said CSI Solar subsidiary CSI Energy Storage has entered into a supply agreement with Unibal, a joint venture between Union Group and Capbal, to deliver battery storage systems for two projects totaling 40 MWh in the United Kingdom. The projects are expected to reach commercial operation in Q1 2024. Unibal Energy is a […]

Toyota, Honda oppose U.S. House electric vehicle tax plan

Business & Finance

Toyota to build USD 50 million lab in Michigan to test batteries for electric and hybrid vehicles – EQ Mag

June 10, 2023 Anand Gupta

Toyota says it will spend nearly $50 million to build a vehicle battery testing laboratory at its North American research center in Michigan. The company said Thursday that the lab in York Township south of Ann Arbor will test batteries made for hybrid and electric vehicles at a new factory in North Carolina, as well […]