The state attracted investments in areas like electric mobility, renewable energy and automotive from Ola Electric, Stuttgart-based Daimler and Adani Group among others. Chennai: Stung by the COVID-19 induced lockdown in 2020 that severely impacted many businesses, Tamil Nadu however, sought to bounce back with mega ticket deals in various sectors later, seeking to live […]
The past three years saw fresh investments into the renewables sector led by solar and partly by wind power, surging to Rs 1.1 lakh crore, showed a Crisil report in a sectoral analysis. Positive investor interest and enabling regulations can boost the investments into the renewables sector by a healthy 35 per cent to Rs […]
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If solar panels can withstand the waters of the typhoon-prone country, they should survive anywhere in the region, said an expert. Will regulators allow ongoing pilot projects to be scaled up? An array of solar panels floats on the waters of San Antonio in San Pedro, one of the cities surrounding Laguna de Bay, the […]
Proparco SA, the private-sector arm of French development finance institution (DFI) Agence Française de Développement, has been investing in India for more than 10 years and has committed over half a billion dollars in the country. In a video interaction with VCCircle, the DFI’s South Asia director Philippe Serres said that Proparco continues to have […]
Recent events in Australia indicate a growing appetite for renewable energy and energy storage in the energy sector. Pumped hydro, thermal energy storage, hydrogen—which form of storage will reign supreme Down Under? New regulations and a growing share of renewables are changing the way the electricity market operates in Australia, opening up a playground for […]
The SEFA grant will encourage private investments into hydropower projects through Ethiopia’s Renewable Energy Programme. The Sustainable Energy Fund for Africa (SEFA), managed by the African Development Bank on 17 May 2019 approved a $995,000 grant to support the rollout of a sustainable procurement framework for Independent Power Producers (IPPs) in Ethiopia. The SEFA grant […]
PFS separately raised a loan of Rs 1,000 crore from SBI for a 10-year tenure, linked to the marginal cost of funds-based lending rate PTC Financial Services (PFS) is setting up India’s first infrastructure development debt fund, solely for renewable energy projects, in partnership with UK Climate Investments LLP (UKCI) and Department for International Development (DFID), UK. The company […]
Investments, defence and security including counter-terrorism and renewable energy are the key issues likely to come up for discussions during Saudi Arabia’s Crown Prince Mohammad Bin Salman’s visit to India next week, the Ministry of External Affairs (MEA) said on Thursday. Salman will arrive in India on February 19. Besides holding talks with Prime Minister […]