In Short : Juno Joule and Germany’s Select Energy have partnered to build a \$1.3 billion green hydrogen and ammonia export facility at Andhra Pradesh’s Mulapeta Port. Set to produce 180,000 tonnes of green hydrogen annually by 2029, the project will use renewable energy-powered electrolysers and create 5,000–6,000 jobs. It aims to reduce 1.8 million […]
Mahindra to raise up to $1.3 billion for its electric vehicle unit: Report – EQ Mag
Indian automaker Mahindra and Mahindra Ltd is in advanced talks with global investors to raise between $1 billion and 1.3 billion to accelerate the expansion of electric vehicle unit, Mint reported The company plans to raise capital by selling shares in its unit, currently valued at over $9.1 billion, in multiple tranches over the next […]
Mahindra to raise up to $1.3 billion for EV unit: Report – EQ Mag
Indian automaker Mahindra and Mahindra Ltd is in advanced talks with global investors to raise between $1 billion and 1.3 billion to accelerate the expansion of its electric vehicle unit, Mint reported on Wednesday. The company plans to raise capital by selling shares in its unit, currently valued at over $9.1 billion, in multiple tranches […]
Samsung SDI breaks ground for $1.3 billion battery factory in Malaysia – EQ Mag Pro
SEOUL : Samsung SDI Co Ltd has broken ground on a new 1.7 trillion won ($1.3 billion) battery factory in Malaysia to make cylindrical batteries, the company said on Thursday. The battery maker said it would invest the 1.7 trillion won in stages in the factory in the region of Seremban until its completion in […]
EnergyAustralia takes $1.3 billion hit due to coal outages and soaring prices – EQ Mag Pro
EnergyAustralia, one of Australia’s major coal generators, has warned of a significant loss of $1.3 billion resulting from the combined impact of outages at its coal plants, and the soaring price of electricity caused by the rising cost of fossil fuels. EnergyAustralia would normally be expected to make a big profit from the soaring wholesale […]
Coalition spending on fossil fuel subsidies tops $1.3 billion in first week of campaign – EQ Mag Pro
Just one week into the official election campaign, the Coalition has already racked up promises to channel almost $1.3 billion in fresh subsidies to the fossil fuel industry – spending nearly $150 million a day. The largest subsidy, announced right before the start of the Easter long weekend, will see a Coalition government spend $660 […]