In Short : British International Investment is exploring the possibility of investing $1 billion in clean energy projects in India. This potential investment highlights India’s attractiveness as a destination for renewable energy projects and underscores the country’s commitment to expanding its clean energy sector. If realized, such funding would significantly contribute to India’s efforts to […]
Netherlands, Denmark to help create $1 billion South Africa hydrogen fund – EQ Mag
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. […]
British Petroleum pays $1 billion under Britain’s windfall tax – EQ Mag
LONDON : BP expects to pay $1 billion under Britain’s windfall tax on the oil and gas sector between May 2022 and April 2023, the company said on Tuesday. BP paid a total of $650 million in tax in Britain in the first quarter of 2023, of which $300 million came under the Energy Price […]
UK’s Vedanta Resources cuts gross debt by $1 billion – EQ Mag
BENGALURU : Vedanta Resources Ltd, the parent of Indian resources major Vedanta Ltd on Monday said it has trimmed its gross debt by $1 billion as the firm seeks to allay concerns over its ability to meet financial obligations beyond September. Vedanta Resources has paid all its maturing loans and bonds due in April 2023, […]
ReNew Repays More Than $1 Billion to Offshore Bondholders in FY2023 – EQ Mag
– Level of Refinancing demonstrates the resilience of Renew’s funding engine – Most of the pending dollar bond maturities are now slated for FY2027 and beyond Gurugram : ReNew Energy Global Plc (“ReNew” or “the Company”) (Nasdaq: RNW, RNWWW), India’s leading clean energy company and a preferred decarbonisation partner, announced on Tuesday that it has […]
Hon Hai Invests Over $1 Billion in Wisconsin Plant, Expands Use of Solar Energy – EQ Mag
Hon Hai, also known as Foxconn, has announced a massive investment in renewable energy at its Wisconsin plant. On March 9th, the company declared that it has invested over $1 billion in the plant and will employ over 1,000 workers locally. The announcement came as Hon Hai unveiled plans to expand the use of solar […]
HZL to spend over $1 billion on shift to battery-operated mining vehicles, green energy user – EQ Mag
Udaipur (Raj) : The Vedanta group firm Hindustan Zinc (HZL), which is the world’s second-largest manufacturer of the metal, is planning to invest over USD 1 billion (around Rs 8,270 crore) to convert its diesel-fired mining vehicles into battery-operated ones and also to fully turn a green energy user, over the next five years. The […]
Thailand approves $1 billion Foxconn-PTT EV battery joint venture – EQ Mag Pro
BANGKOK : Thailand’s investment agency on Monday approved a joint venture worth 36.1 billion baht ($1.04 billion) between Taiwan’s Foxconn and Thailand’s PTT to produce battery electric vehicles (BEV). The Horizon Plus Co project is one of several investment applications worth a total of 209.5 billion baht in manufacturing and infrastructure that were approved on […]
Ola Electric Is Looking For Partner OEMs To Set Up $ 1 Billion EV Cell Plant In India – EQ Mag Pro
A report from PTI suggest that Ola Electric is looking for partner OEMs to set up an electric vehicle cell manufacturing plant in India, which could cost around Rs. 7,700 crore or $ 1 billion. Ola Electric is reportedly looking for partner OEMs as it wants to commission an EV cell manufacturing plant in India, […]
Tesla Power USA to lease BESS worth $1 billion in next 3 years – EQ Mag Pro
In the next two to three years, Tesla Power USA plans to lease a battery energy storage system (BESS) worth $1 billion under its new ‘power as a service’ model. The company stated that it will contribute to India’s rising energy demand by leasing BESS to Indian businesses, transforming their capex investment into OPEX (operational […]