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Enfinity Global, CarVal Investors Sign USD 300 Million Loan Facility – EQ Mag Pro

Renewable energy solutions platform Enfinity Global and CarVal Investors have entered into a $300 million loan facility to fund Enfinity’s three gigawatts of renewable energy projects. As per the estimates of International Renewable Energy Agency (IRENA), a USD 131 trillion investment will be required to achieve net zero CO2 emissions by 2050. We are very […]

Grasim Industries acquires 26% stake of ABReL Solar Power – EQ Mag Pro

Fitch Rates Cleantech Energy’s Proposed USD Notes First-Time BB-Minus

The rating on notes reflects credit profile of a restricted group of 12 entities (Acme RG1) that are fully owned by Acme Solar Holdings Pvt Ltd Hong Kong : Fitch Ratings has assigned India Cleantech Energy Ltd’s (ICEL’s) proposed US dollar senior secured notes due 2026 an expected rating of BB-minus. The outlook is stable, […]

Opportunities for UK businesses in the net-zero transition

Adani Green to Buy SB Energy’s 5 GW Renewable Portfolio for USD 3.5 Billion

Ahmedabad: Adani Green Energy Limited (AGEL), signed definitive agreements for the acquisition of 100 per cent interest in SB Energy India on May 19, 2021. Earlier, AGEL owned 80 per cent stakes in SB energy and the remaining 20 per cent was owned by Bharti Group. Reportedly, the transaction is for a fully completed enterprise […]

Amendment in Benchmark costs for off-gird and Decentralized Solar PV Systems for the years 2021-22 – reg – EQ Mag Pro

South African start-up raises $1.4 million in crowd sale of Zimbabwe solar project

Investors were invited to purchase individual solar cells in the project. In exchange, they will earn a rental income in cryptocurrency from the electricity generated. JOHANNESBURG: South African energy start-up Sun Exchange raised $1.4 million in a crowd sale of solar cells of a 1.9 megawatt (MW) solar and battery storage facility at Zimbabwe’s Nhimbe […]

Scientists urge speedy switch to renewables in Middle East

Race for electric vehicles: India plans to ramp up incentives

The Indian government is planning to ramp up incentives to spur electric car manufacturing investments in the country, reports say The year is 2023. A Singapore resident decides to buy a car. Not just any car but the latest electric vehicle (EV) produced by the new gleaming high-tech Hyundai factory in Jurong, an industrial town […]

tata motors: Tatas Motors to invest Rs 15,000 crore in electric vehicles – Times of India – EQ Mag Pro

Tunisia’s latest tender for 70 MW of solar gets even better prices

Tunisia’s Energy Ministry has received 57 proposals in its fourth tender for solar photovoltaic (PV) capacity, the winning bids in which fell as low as TND 0.1149 (USD 0.0399/EUR 0.0337) per kWh, according to preliminary results. The tender round was opened in September 2020 as part of the country’s renewables procurement programme and targeted a […]

Japan OKs plan to push clean energy, nuclear to cut carbon

Cognizant announces acquisition of ESG Mobility to expand automotive engineering expertise

New Delhi: Tech major Cognizant on Thursday announced the acquisition of Munich, Germany-based ESG Mobility, a digital automotive engineering R&D provider for connected, autonomous and electric vehicles. On completion of the acquisition, nearly 1,000 engineering R and D specialists will join Cognizant in the automotive innovation hubs of Germany, the US and China, the IT […]

tata motors: Tatas Motors to invest Rs 15,000 crore in electric vehicles – Times of India – EQ Mag Pro

Fitch Assigns ReNew Power Restricted Group 4’s Proposed Notes ‘BB-(EXP)’

Fitch Ratings has assigned India-based ReNew Power Restricted Group 4’s (ReNew RG4) proposed US dollar senior secured notes due 2028 an expected rating of ‘BB-(EXP)’. The Outlook is Positive. ReNew RG4 is a restricted group that includes 10 subsidiaries of ReNew Power Private Limited (ReNew Power, BB-/Positive). ReNew Power is one of the largest renewable-energy […]

Duty, taxes to lift solar tariffs to Rs 2.6 per unit next fiscal year: CRISIL