Chennai: Electric vehicle startup Simple Energy, which is setting up its EV factory at Hosur (Tamil Nadu), will invest $150 million (around Rs 1136.5 crore) on a lithium ion cell manufacturing unit. The company has tied up with US-based battery company C4V for technology and knowhow. The factory will come up over a 600 acre […]
IKEA invests $373 mln in solar park projects in Germany, Spain – EQ Mag Pro
STOCKHOLM : Ingka Group, the owner of most IKEA stores worldwide, has bought nine solar photovoltaic (PV) park projects in Germany and Spain for a total of 340 million euros ($373 million) in its push to generate more renewable energy than it consumes. The world’s biggest furniture retailer said on Wednesday it was buying the […]
British International Investment invests $89 mn to scale renewable energy in India – EQ Mag Pro
New Delhi: British International Investment, formerly CDC Group, the UK’s development finance institution (DFI) and impact investor, today announced a total commitment of $89 million to scale renewable energy capacity in India. The DFI’s investment is comprised of a Rs 350 crore (US $47 million) follow-on commitment to Fourth Partner Energy, and a Rs 315 […]