Mahindra and Mahindra Ltd and British International Investment (BII) will each invest up to $250 million in the automaker’s new electric vehicle unit at a valuation of $9.1 billion, sending the Indian company’s shares soaring on Friday. BII will have a 4.8% ownership in the business, which will focus on four-wheel passenger electric vehicles (EVs). […]
ACME Group to invest Rs 1.5 trillion in green hydrogen over 7 yrs; seeks tie-ups
Plans come at a time when govt is likely to announce a green hydrogen purchase obligation for fertiliser and petroleum units, similar to renewable purchase obligation At a time when India is set to bring out a comprehensive green hydrogen mission, Gurugram-based ACME Group has said it is planning to invest about Rs 1.5 trillion […]
Tata Power to invest Rs 3,000 crore to set up solar cell, module manufacturing unit in TN – EQ Mag Pro
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 […]