Saatvik Solar has entered into a contract with G2H Solar to supply 200 MW of high-efficiency solar photovoltaic (PV) modules for projects across India.
The modules, featuring advanced mono PERC bifacial half-cut technology with power ratings of 540/550 Wp, will be delivered over 12 months starting in January 2025.
Nigeria and China have agreed to bolster their partnership in the Belt and Road Initiative (BRI), human resource development, and nuclear energy following a meeting between the countries’ leaders. China, Nigeria’s largest bilateral lender, has provided loans totalling $5 billion as of March 2024, according to Nigeria’s Debt Management Office. The relationship between Nigeria and China, which has spanned over 50 years, deepened in 2018 when the two nations became partners in the Belt and…
Musashi Seimitsu Industry Co., Ltd., Japan, the parent company of Musashi India, has entered a strategic partnership with advanced battery technology company Log9 Materials. The collaboration aims to deliver an integrated powertrain solution for electric two-wheelers and three-wheelers by combining Musashi’s high-performance e-Axle system with Log9’s cutting-edge battery technology. This partnership seeks to tackle key challenges in EV energy management and enhance scalability and service reliability, optimizing performance and durability. By integrating battery packs with…
Extracting cobalt, nickel, rare earth elements, and other metals from the ocean depths could accelerate the world’s shift to renewable energy. These minerals, scarce on land and hazardous to mine, are abundant just above the ocean floor. However, the seabed’s unique ecosystems, filled with unexplored life forms, present significant challenges. The Metals Company, a Canadian firm, is exploring the mineral-rich Clarion-Clipperton Zone between Mexico and Hawaii. Their research has revealed not only strange life forms…
At the RE-Invest event in Gandhinagar, Gujarat, several renewable energy developers have made significant capacity creation commitments as part of their “Shapath Patra” agreements with the government. Reliance Industries (RIL) has pledged to set up 100,000 MW of additional renewable capacity by 2030, alongside manufacturing 20,000 MW per year of integrated solar PV and equivalent glass capacity. Other major commitments include: NTPC Ltd: 41,300 MW ReNew: 40,000 MW Adani Green Energy: 38,300 MW Hero Future…
China’s electric vehicle (EV) companies are expanding into Thailand, a key industry hub, as Europe and the United States impose tariffs to limit their entry. GAC Aion, a Chinese EV maker, set up its first overseas operation in Thailand a year ago. Starting with no office, factory, or local employees, the team quickly adapted, selling their first vehicle within 74 days. Chinese EV manufacturers like Aion are rapidly entering overseas markets, with Thailand being one…
Crisil Ratings has projected a slowdown in automobile dealer revenue growth to 7-9% this fiscal year, down from a healthy 14% last year. The credit rating agency attributes this decline to slower volume growth and modest price hikes by automakers. Recent months have seen a slowdown in sales volume growth, prompting manufacturers and dealers to increase discounts and offers. While this primarily affects manufacturers, car dealership profitability is expected to drop to around 3%, slightly…
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