New Delhi : Tata Power on Monday announced that it has inked a pact with the Tamil Nadu government to invest Rs 3,000 crore for setting up a new facility to manufacture solar cells and modules in Tirunelveli district of the state. “Tata Power, one of India’s largest integrated power companies, has signed a Memorandum […]
JSW Steel to invest Rs 10K cr to increase use of renewable energy, reduce emissions: Sajjan Jindal – EQ Mag Pro
The company’s ongoing expansion projects are oriented towards producing steel with higher use of renewable power, best-in-class digitalization to achieve operational efficiency and best available technologies to reduce associated CO2 emissions. To reduce its carbon footprint, JSW Steel has earmarked a sum of Rs 10,000 crore to increase use of renewable energy to replace thermal power […]
JSW Steel to invest Rs 10,000 cr to increase the use of renewable energy: Sajjan Jindal – EQ Mag Pro
The company’s ongoing expansion projects are oriented towards producing steel with higher use of renewable power, best-in-class digitalisation to achieve operational efficiency and best available technologies to reduce associated CO2 emissions. To reduce its carbon footprint, JSW Steel has earmarked a sum of Rs 10,000 crore to increase use of renewable energy to replace thermal […]
AES Forms US Solar Buyer Consortium with Leading Solar Companies to Invest More Than $6 Billion on Solar Panels to Scale-Up Domestic Solar Manufacturing – EQ Mag Pro
ARLINGTON, Va. : The AES Corporation (NYSE: AES) with leading US solar companies, Clearway Energy Group (Clearway), Cypress Creek Renewables and D. E. Shaw Renewable Investments (DESRI), today announced the formation of the US Solar Buyer Consortium to drive expansion of the domestic solar supply chain and support the growth of the American solar industry. […]
Shell Will Invest USD 1.5 Billion to Develop Five PV Projects in Southeastern Brazil – EQ Mag Pro
Shell Energy Brasil, a subsidiary of oil and gas giant Shell, signed a protocol of intent with the government of Minas Gerais in early June for the development of five PV projects. Minas Gerais is a state in Brazil. This news was first reported by local news media and other renewable energy news websites. The […]
Indian Battery Recycling Company Attero Will Invest USD 1 Billion to Build Factories in the US, Poland, and Indonesia – EQ Mag Pro
Indian battery recycling company Attero Recycling (Pvt.) has announced a massive overseas capacity expansion plan that involves setting up factories for processing discarded Li-ion batteries in the US, Poland, and Indonesia over the next five years. The plan, which entails an estimated investment of USD 1 billion, was first reported by news agencies including Reuters […]
UAE-based META4 to invest Rs 250 cr for EV 2 wheeler plant in India – EQ Mag Pro
As part of the agreement, the Telangana government will provide 15 acres of subsidised land to the META4 company in Zaheerabad. NEW DELHI: United Arab Emirates (UAE) based business group META4 on Monday said it will invest Rs 250 crore to set up an electric two-wheeler manufacturing plant in Telangana. The group has inked a […]
Svitch MotoCorp To Invest Rs 100 Crore To Develop Electric Bike – EQ Mag Pro
Svitch MotoCorp, an Ahmedabad-based electric vehicle maker, said that it will invest Rs 100 crore to develop CSR 762, which is due to go on the market this year. According to a statement, the e-motorbike will cost around Rs 1.65 lakh and will receive a subsidy worth Rs 40,000 as per government orders. Svitch Bike […]
Gail India to invest Rs 6,000 crore on renewables in next three years – EQ Mag Pro
The investment can go up by an additional Rs 20,000 crore by 2030, GAIL India chairman and managing director Manoj Jain told reporters in Mumbai. State-owned Gail India will invest Rs 6,000 crore in the next three years in renewables, a top official said on Monday. The investment can go up by an additional Rs […]
BGauss Auto to invest Rs 40 cr to double electric two-wheeler mfg capacity to 2 lakh units/yr – EQ Mag Pro
Electric Two-Wheeler Manufacturer The company plans to have five to six products in the high-speed electric scooters segment two years later. It is also eye-catching around 8-10 per cent of the fast-growing electric two-wheeler market in three years’ time. “This year we are targeting (to sell) around 80,000 to 1 lakh vehicles,” BGauss Auto Founder […]