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LG and Magna announce billion dollar joint venture in electric car gear

The joint venture, tentatively called LG Magna e-Powertrain and valued at $1 billion, will manufacture e-motors, inverters and onboard chargers, according to LG Electronics TORONTO/SEOUL : South Korea-based LG Electronics Inc and automotive supplier Magna International Inc are launching a joint venture that will make key components for electric cars, the companies announced on Wednesday.The […]

Climate Harm Puts Brakes on Buying Teslas with Bitcoin

Dollar Industries sets up 4MW solar power plant at TN unit

  Chennai: Dollar Industries Ltd, one of the leading brands in the hosiery segment, has set up a 4MW solar power plant at its facility in Tamil Nadu, making it self- reliant and sustainable in power generation. Dollar Industries Ltd has invested Rs 18 crore in the solar plant, commissioned by Coimbatore-based Indway Power Energy […]

Webinar: Rajasthan Grid Interactive RE Systems Regulations 2021

Signing of Dollar-Denominated Japanese ODA Loan Agreement with Ecuador: Contributing to the promotion of the Energy Matrix Transition through expansion and strengthening of the National Transmission and Distribution Systems

On January 28, the Japan International Cooperation Agency (JICA) signed a loan agreement with the Government of the Republic of Ecuador in Quito to provide a Japanese ODA loan of up to 70 million US dollars for the Project for Supporting the Advancement of Energy Matrix Transition. This is a joint, co-financing project with the […]

Webinar: Rajasthan Grid Interactive RE Systems Regulations 2021

ReNew Power raises $450 million through dollar bonds

Firm plans to use the funds to refinance the existing borrowings Attractive yields and liquidity have driven investor interest in Indian companies Sustainable energy firm ReNew Power Pvt. Ltd has raised $450 million through a dollar bond issuance, said D. Muthukumaran, the company’s chief financial officer. “The firm’s order book of 3x for such a […]

Webinar: Rajasthan Grid Interactive RE Systems Regulations 2021

ReNew Power likely to have priced its dollar bonds

ReNew Power develops, builds, owns and operates utility-scale wind and solar energy projects as well as distributed solar energy projects that generate energy for commercial and industrial customers. ReNew Power, a renewable energy power producer, is likely to have priced its dollar-denominated bonds on Tuesday, through which the firm could raise close to $400-450 million, […]

ADB Commits Record $3.92 Billion Loan to India for 13 Projects in 2020