President Hoyer confirms EUR 56 billion EIB Group backing for COVID response since pandemic EUR 24 billion increased EIB support for climate action EIB to enhance impact of engagement and presence outside Europe Finnish Finance Minister Annika Saarikko to be new chair of EIB Board of Governors European finance ministers today welcomed the European Investment […]
Growatt Consolidates Market-Leading Position as Global Top 10 Brand
SHENZHEN, China : Global PV inverter shipments increased by more than 35% in 2020 despite the pandemic according to IHS Markit’s latest PV Inverter Market Tracker, with Growatt consolidating its market-leading position as one of the world’s top 10 brands. In 2020, Growatt continued to be the top Chinese supplier of residential inverters, ranking third […]
General Motors to Boost Spending on Electric Vehicles By 30%, Add 2 New Battery Plant: Sources
As part of that spending, it will build two additional US battery plants and move ahead some of its EV investments, said sources In November, GM upped its spending plans from $20 billion, a figure that was announced in March before the COVID-19 pandemic shut down the auto industry. General Motors Co will boost global […]
Ministry Maintains Feed-in Tariffs For Solar Power; Developers Demand Hike
The economics ministry said the move aims to counter the effects of the pandemic, but developers said the rates reflected outdated data. The Ministry of Economic Affairs is to maintain feed-in tariffs for new solar power installations and grant a three-month grace period for manufacturers to complete their projects, as renewable energy installations have slumped […]
RattanIndia Power Pares Rs 1,219 Cr Debt in Last 15 Months
The company’s current debt position could not be immediately ascertained New Delhi: RattanIndia Power Ltd on Monday said it has repaid Rs 1,219 crore debt in the last 15 months, including Rs 200 crore prepayment, despite the challenges posed by the COVID-19. “During the last 15 months, RPL has repaid the debt of Rs. 1,219 […]
Exclusive: German Battery Group BMZ Plans September IPO, Sources Say
BMZ is working with Citi, JP Morgan and Berenberg on the initial public offering (IPO), which will sell shares worth about 500 million euros, the sources said. FRANKFURT: German battery group BMZ is preparing for a Frankfurt stock market listing as early as September with a targeted valuation of about 2 billion euros ($2.4 billion), […]
MERC Allows Partial Adjustment of Open Access Credit Units
Case of Bramhacorp Ltd. for seeking adjustment of Open Access credit units for the months of June 2016, September 2017, July 2018 and October 2019. For more information please see below link:
NHPC’s Earns Highest Ever Profit of Rs 3233 Crore During FY 2020-21
NHPC Limited, India’s premier hydropower company and a ‘Mini Ratna’ Category-I Enterprise under Ministry of Power has declared its Audited Financial Results for the Financial Year 2020-21. The Board of Directors approved the Audited Financial Results for FY 20-21 in the e-meeting held yesterday. NHPC has reported highest ever net profit after tax of Rs […]
SOFAR SOLAR Confirms its Leading Position in the Indian Market
EQ iSearch, a renowned Indian analysis agency, recently released the data on solar panels and inverters import in India, for the first quarter of 2021. As the data confirmed, SOFARSOLAR ranked first in the single-phase inverter market, accounting for 26.9% of the market shares, and ranked third in the string and central inverter category, accounting […]
Myanmar Junta’s Solar Power Bid Tests Post-Coup Investor Sentiment
Western money uncommitted while China state companies said to be held back BANGKOK/YANGON: Myanmar’s junta has launched an ambitious scheme to build solar farms that can generate up to 320 megawatts across the heartland regions, areas dominated by the predominantly Buddhist Bamar population, in a major test of investor confidence in the new regime. The […]