Mumbai – Serentica Renewables, India’s largest decarbonization platform for C&I and utility customers, has signed binding agreements with Norway based Statkraft to acquire their Indian solar business. Statkraft’s Indian solar business comprises of 445 MWp operational solar plant at Bikaner and 1 GWp of development assets across Rajasthan. The portfolio is strategically located in resource […]
In Short : Indian and African solar startups are teaming up to reduce costs and expand clean energy access. Through the SolarX Startup Challenge, winners from both regions are forming partnerships for technology transfers and joint ventures. These collaborations focus on initiatives like solar-powered irrigation solutions, boosting agricultural productivity. Supported by the International Solar Alliance, […]
In Short : Indian electric aircraft startup ePlane Company has secured a $1 billion deal to supply air ambulances across the country. Their electric Vertical Takeoff and Landing (eVTOL) aircraft, designed for urban mobility, will enhance emergency medical response, particularly in underserved regions. The company has received DGCA certification and plans to complete test flights […]
In Short : The Indian Carbon Market (ICM) supports emissions reduction through trading carbon credits. It includes compliance for industries under government-set caps and voluntary offsets for individuals and businesses. Governed by a national committee, the ICM drives renewable projects and aligns with India’s Paris Agreement goals, targeting net-zero emissions by 2070. In Detail : […]
In Short – An Indian renewable energy company is set to launch its first dollar bond sale, aiming to raise international capital to expand its green energy projects. This move reflects the growing global investor interest in sustainable energy investments in India. In Details – The company, which develops sustainable energy projects such as solar […]
Investment will need to more than double for India to reach 2030 renewables target Investment in renewable energy in India reached a record US$14.5 billion in the last financial year (FY2021-22), an increase of 125% compared to FY2020-21 and 72% over pre-pandemic FY2019-20, finds a new report by the Institute for Energy Economics and Financial […]
It was announced by the Biden-Harris administration earlier this week, to help advance President Joe Biden’s ambitious ‘build back better’ agenda to combat climate change, create good-paying jobs, and win the clean energy future for all Americans. Indian American Arpita Bhattacharyya, was among a group of new additional appointees at the US department of energy. […]
India’s two richest men are vying to be at the forefront of Prime Minister Narendra Modi’s ambition to ramp up green energy capacity in the world’s second-most populous country more than four-fold to 450 gigawatts (GW) by 2030. Indian tycoon Mukesh Ambani’s $10 billion entry into renewable energy could drive solar tariffs further to the […]
Ambani, 64, built up his family-owned petrochemicals and textiles business into a sprawling empire including telecoms and retail. Adani, 59, is a self-made billionaire who has focused on electricity generation, transmission and distribution and the operation of ports and airports. Indian billionaires Mukesh Ambani and Gautam Adani face off in race to solar dominationIndian tycoon […]
Road transport today is responsible for a significant and growing share of global anthropogenic emissions of CO2. Moreover, it is almost entirely dependent on oil-derived fuels and therefore highly vulnerable to possible oil price shocks and supply disruptions. Improving road transport requires all these issues to be addressed. Introducing alternative transport fuels and vehicles will […]