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Enpal secures EUR 150m investment from SoftBank Vision Fund 2 for fight against the climate crisis

BERLIN : Just weeks before world leaders gather at the UN Climate Change Conference (COP26) in Glasgow in November to discuss measures to address the climate crisis, German solar start-up, Enpal, today announces that it has closed a EUR 150m investment from SoftBank Vision Fund 2. The investment concludes Enpal’s Series C financing round. The […]

Climate Consequences 2022: If India Sneezes – EQ Mag Pro

Ola Electric lands $200 million funding from Falcon Edge, SoftBank and others at $3 billion valuation – EQ Mag Pro

The funds raised will be used to accelerate development of other vehicle platforms including electric motorbike, mass market scooter and its electric car. Ola Electric said on September 30 that it has raised over $200 million financing led by Falcon Edge, SoftBank and others, at a valuation of $3 billion. The funds raised will be […]

FedEx Express tests electric vehicles in India – EQ Mag Pro

CPPIB to acquire SoftBank’s 80% in SB Energy for $425 million

Ending months of negotiations, SoftBank agreed last weekend to sell its entire 80% holding in SB Energy Holdings to Canada Pension Plan Investment Board (CPPIB) for $425 million. An additional $100 million will be paid subject to future outcomes, said people aware of the development. The sale price is much below the $800 million book […]

EKI Energy Services Ltd. bags contract as carbon credit service provider from Indore Smart City Development Ltd. (ISCDL) for the latter’s aggregator business model – EQ Mag Pro

SoftBank-backed Ola targets European market for electric vehicle business

The SoftBank-backed ride-hailing firm has roped in Julien Geffard to lead Europe operations for its electric business Indian ride-hailing firm Ola is gearing up to tap the European markets for its electric vehicle business. The SoftBank-backed company is planning to bring the first of its range of electric scooters to Europe in the coming months. […]

FedEx Express tests electric vehicles in India – EQ Mag Pro

Hawaiian Electric Reveals Full List of Winners From Its Big Energy Storage Procurement

The winners range from energy storage stalwarts to relative newcomers to the large-scale battery business. Hawaiian Electric this week revealed the full list of winners from its second large-scale procurement of energy storage and renewables for the islands of Oahu, Maui and Hawaii. The winners run the gamut from major industry players like AES and Engie to […]

Fluence and ReNew Joint Venture to Boost Energy Storage in India – EQ Mag Pro

Softbank-Bharti renewable JV looks to raise up to $750 million

SB Energy, the renewable energy arm of SoftBank, has mandated Bank of America Merrill Lynch and Barclays to help raise $500-$750 million in SBG Cleantech, it’s 80:20 joint venture with Bharti, multiple people aware of the development said SoftBank-backed renewable energy firm SBG Cleantech is set to reach out to financial and strategic investors to […]

EKI Energy Services Ltd. bags contract as carbon credit service provider from Indore Smart City Development Ltd. (ISCDL) for the latter’s aggregator business model – EQ Mag Pro

SoftBank Is Selling $40B of Assets but Stands Firm on Renewable Energy Plans

In an interview, the head of SoftBank’s global renewables arm says the company will have its first gigawatt of U.S. solar capacity in operation by next year. The head of SoftBank’s renewable energy subsidiary, SB Energy Global, says his firm is committed to growing its presence in international clean energy markets despite ongoing financial struggles […]

EKI Energy Services Ltd. bags contract as carbon credit service provider from Indore Smart City Development Ltd. (ISCDL) for the latter’s aggregator business model – EQ Mag Pro

SoftBank-Backed SB Energy & EDEN Bag 900 Megawatts Of Solar In India

A 2 gigawatt solar power tender received very a encouraging response amidst uncertainty resulting from the COVID-19 outbreak. The government-owned power generation company NHPC had floated a 2-gigawatt solar PV tender last year. The tender conditions were flexible and allowed developers to choose project site of their liking. NHPC had initially set a maximum tariff […]

Coal Ministry CPSE’s Clock 28.33% Growth in Capex – EQ Mag Pro

SoftBank to buy back $41 billion in assets to trim debt

BANKGOK : The Japanese technology and telecoms company SoftBank said Monday it plans to buy back up to 4.5 trillion yen ($41 billion) of its assets as it seeks to trim its gigantic debt burden. The company’s founder, Masayoshi Son, said the move reflected “the firm and unwavering confidence we have in our business.“ Tokyo-based […]

EKI Energy Services Ltd. bags contract as carbon credit service provider from Indore Smart City Development Ltd. (ISCDL) for the latter’s aggregator business model – EQ Mag Pro

SoftBank denies exiting renewable energy JV with Bharti Enterprises, Foxconn

Following the Indian Prime Minister’s 100GW solar and 60GW wind target by 2022, the venture will invest in and develop renewable energy plants across India, SoftBank had said. SoftBank, which had announced forming a joint venture (JV) for renewable energy with Airtel’s parent Bharti Enterprises and Taiwan-based iPhone manufacturer Foxconn in 2015 — SBG Cleantech, […]

EKI Energy Services Ltd. bags contract as carbon credit service provider from Indore Smart City Development Ltd. (ISCDL) for the latter’s aggregator business model – EQ Mag Pro