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 […]
BP to invest £1 billion in UK EV charging infrastructure – EQ Mag Pro
BP’s largest-ever EV charging expansion to invest £1 billion in UK over 10 years Investment unveiled during official visit by Transport Secretary Grant Shapps to bp pulse’s UK headquarters in Milton Keynes BP pulse set to approximately triple its number of charging points by 2030 The investment will enable the deployment of more rapid and […]
JSW Steel plans to spend more than $1 billion on cutting emissions – EQ Mag Pro
JSW aims to reduce carbon dioxide emissions to 1.95 tonnes for every tonne of steel produced by 2030 from 2.52 tonnes last year India’s most valuable steel mill is planning to spend more than $1 billion and use more natural gas as it seeks to slash emissions. The steel sector is among the biggest polluting […]
PIF-Backed ACWA Power to Seek Over $1 Billion in Saudi IPO – EQ Mag Pro
The listing could value the company at $10 billion or more. DUBAI: Saudi Arabia’s ACWA Power International is close to announcing its initial public offering, where it seeks to raise more than $1 billion. The announcement could be made “as soon as this week,” unnamed sources told Bloomberg, and the listing could value the company […]
