Business & Finance

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

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 […]

Business & Finance

Sri Lanka signs petroleum agreement with US fuel firm in collaboration with Shell to ensure uninterrupted fuel supply – EQ Mag

June 10, 2023 Anand Gupta

COLOMBO : Sri Lanka signed an agreement with RM Parks Inc., in collaboration with Shell for a long-term contract for the importation, storage, distribution, & sale of petroleum products in Sri Lanka. The signing of the agreement took place following the recommendations of the Cabinet Appointed Special Committee. The President’s Media Division said that the […]

Revfin Secures $5 Million Investment from DFC to Drive Inclusive EV Financing in India

Business & Finance

DFC invests $5 million in Revfin to drive inclusive EV financing in India – EQ Mag

June 10, 2023 Anand Gupta

Revfin Services Private Limited, a pioneer and leader in the Indian EV Financing space, has successfully secured a $5 million investment from the United States International Development Finance Corporation (DFC). This investment is part of DFC’s Portfolio for Impact and Innovation, with a focus on promoting inclusive financing for electric vehicle (EV) adoption in India. […]

Business & Finance

Torrent Power raises Rs 600 cr via non-convertible debentures – EQ Mag

June 10, 2023 Anand Gupta

Torrent Power has raised Rs 600 crore through issuance of non-convertible debentures on private placement basis.The company has issued and allotted Series 11 60000 Secured, Rated, Listed, Taxable, Non-Cumulative, Redeemable and Non-Convertible Debentures NCDs of Rs 600 crore at a coupon rate of 8.50 per cent per annum…on private placement basis, a BSE filing said.The […]

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

Business & Finance

Kerala can save Rs 9,000 Cr in 5 years if it switches to 100% renewable energy: Study – EQ Mag

June 10, 2023 Anand Gupta

Kerala can save Rs 9,000 crore over a five-year period if they replace coal power purchases with renewable energy contracts by 2040, according to a new study. If the southern state replaces its scheduled purchases of coal power from central sector plants with new renewable energy at an average tariff of Rs 3/kWh, the state […]