Business & Finance

IREDA to establish office in Gujarat’s GIFT city to finance Renewable Energy projects in foreign currency

IREDA IPO likely in September – EQ Mag

June 14, 2023 Anand Gupta

IREDA IPO: The Government of India (GoI) is planning to file Draft Red Herring Prospectus (DRHP)for the launch of initial public offering (IPO) of state-owned Indian Renewable Energy Development Agency (IREDA) by September 2023. Department of Investment and Public Asset Management (DIPAM) Secretary Tuhin Kanta Pandey told media that GoI has already appointed merchant bankers […]

Charging Up the EV Sector through Policy Reform

Business & Finance

Saudi Arabia signs $5.6 billion deal with Chinese EV company Human Horizons – EQ Mag

June 13, 2023 Anand Gupta

DUBAI : Saudi Arabia’s Ministry of Investment has signed a $5.6 billion deal with Chinese electric car maker Human Horizons to collaborate on the development, manufacture and sale of vehicles, the Saudi state news agency said in a statement. The agreement accounts for more than half of the more than $10 billion in investments signed […]

Business & Finance

NHDC to Invest ₹42 Billion to Develop 525 MW Pumped Storage Project – EQ Mag

June 13, 2023 Anand Gupta

New Delhi : Narmada Hydroelectric Development Corporation will set up a 525 megawatt (MW) pumped storage project at Khandwa in Madhya Pradesh at an estimated cost of Rs 4,200 crore. NHDC Ltd is a joint venture of NHPC Ltd and the government of Madhya Pradesh, the Union power ministry said in a statement on Friday. […]

Solar panels producing green renewable energy. Solar power station in the field with green grass.

Business & Finance

BrightNight to invest $1 bn on green energy in 5 years – EQ Mag

June 13, 2023 Anand Gupta

BrightNight Global has about 23 GW of pipeline across the world, of which 3 GW is in Asia Pacific — India, Bangladesh, Philippines and Australia. Renewable power producer BrightNight plans to develop 2 giga watt (GW) of renewable energy capacity in India in the next 4-5 years that will require a total investment of $1 […]

Great Opportunity for India to Nurture Renewable Energy Industry to Become World Supplier Piyush Goyal

Business & Finance

EIB, Iberdrola sign €1 billion loan to accelerate energy transition in Europe – EQ Mag

June 13, 2023 Anand Gupta

The operation is part of the EIB’s financing package in support of REPowerEU, the EU plan to strengthen Europe’s energy autonomy. The European Investment Bank (EIB) and Iberdrola have signed a new financing agreement worth €1 billion to fast forward the energy transition in Europe by building an extensive network of 19 solar power plants […]

Tesla aims to sell 20 million EVs per year by 2030

Business & Finance

Indian small-cap Urja Global jumps on Tesla-deal confusion – EQ Mag

June 13, 2023 Anand Gupta

BENGALURU : Shares of Indian small-cap renewable energy company Urja Global jumped nearly 40% in two sessions following a deal with Gurugram-based Tesla Power India, which some investors mistook for U.S. automaker Tesla. Urja on June 8 said it signed an agreement to manufacture and supply batteries with Tesla Power India, which has global headquarters […]

Kutch heritage, Modhera solar-powered village

Business & Finance

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, […]