In Short : Mahanadi Coalfields Ltd (MCL) plans to invest ₹64,900 crore in energy and chemical projects, aiming to develop 182 MW of net-zero power capacity by FY29. The investment includes ventures in coal gasification, green hydrogen, and solar power. CMD OP Singh said the initiative aligns with India’s energy transition and MCL’s goal to diversify […]
Panel Proposes 5% GST to Boost Green Hydrogen and Clean Energy Manufacturing in India – EQ
In Short : A government panel has recommended reducing GST on green hydrogen, batteries, and electrolysers from 18% to 5%. The move aims to lower production costs, boost adoption, and support India’s clean energy goals. Backed by industry bodies, the proposal is expected to enhance domestic manufacturing competitiveness and accelerate the transition to sustainable fuels […]
Yaskawa Solectria Solar to Boost U.S. Clean Energy with $180 Million Wisconsin Expansion – EQ
In Short : Yaskawa America, through its solar inverter arm Yaskawa Solectria Solar, will invest $180 million to expand manufacturing in Wisconsin. The upgrade of its Franklin and Oak Creek facilities aims to boost production of high-efficiency string inverters for commercial and utility-scale solar projects. The move supports U.S. clean energy goals and is expected […]
UPSIDA Powers Industrial Growth with Solar Energy Drive Across Uttar Pradesh – EQ
In Short : The U.P. State Industrial Development Authority (UPSIDA) has initiated a solar energy push across 13 industrial zones in Uttar Pradesh. The program aims to install rooftop solar systems on factory premises to boost clean energy usage, reduce electricity costs, and lower carbon emissions. This move aligns with the state’s commitment to sustainable […]
NTPC Secures $750 Million ECB Loan to Accelerate Clean Energy and Expansion Plans – EQ
In Short : NTPC has raised $750 million through an unsecured External Commercial Borrowing (ECB) loan to fund capacity expansion and green energy projects. Arranged by Bank of Baroda and HDFC Bank via GIFT City, the loan includes a $500 million base and a $250 million greenshoe option. Proceeds will support renewable energy, emission control […]
PM Modi highlights 11 years of transformative reforms in energy sector – EQ
In Short : Prime Minister Narendra Modi marked 11 years of major reforms in India’s energy sector, highlighting strides in renewable energy, rural electrification, and clean energy initiatives. Key programs like PM-KUSUM, Surya Ghar Yojana, and Saubhagya have advanced sustainability goals. With over 232 GW renewable capacity and record foreign investments, India is emerging as […]
Singapore’s $500 Million Commitment Fuels Asia’s Clean Energy Transformation – EQ
In Short : Singapore has pledged $500 million to accelerate Asia’s clean energy transition through the Financing Asia’s Transition Partnership (FAST-P). The initiative aims to mobilize \$5 billion by leveraging private-sector investments. Focused on renewable energy, EVs, and industrial decarbonization, FAST-P will offer concessional financing to mitigate investment risks, supporting sustainable projects across Southeast Asia […]
ADB and KfW Sign New $2 Billion Cofinancing Agreement to Enhance Collaboration in Key Sectors – EQ
In Short : The Asian Development Bank (ADB) and Germany’s KfW Development Bank have signed a new \$2 billion cofinancing deal to strengthen collaboration through 2028. Announced at ADB’s annual meeting in Milan, the agreement will fund clean energy, urban infrastructure, water, sanitation, and climate resilience projects, building on their decade-long partnership that has already […]
ADB and Japan Launch Market Acceleration Platform to Boost Private Sector Development and Investment in Asia and the Pacific – EQ
In Short : The Asian Development Bank and Japan launched the ADB Market Acceleration Platform (AMAP) with an initial \$20 million to boost private sector investment in Asia and the Pacific. AMAP will support policy reforms, build investment pipelines, and de-risk projects in key sectors like clean energy, infrastructure, and digital services, focusing on frontier […]
Indian Oil Accelerates Green Shift with ₹1,086 Crore Boost and LNG Diversification Strategy – EQ
In Short : Indian Oil Corporation will invest ₹1,086 crore in its subsidiary Terra Clean Ltd. to develop 4.3 GW of renewable energy capacity, expanding its total planned green portfolio to 5.3 GW. This move aligns with IOC’s clean energy goals. The company also signed a $1.3 billion LNG deal with Trafigura to diversify its […]