Union Cabinet Approves Rs 91.97 Billion Bio-RIDE Scheme
India’s Union Cabinet has greenlit the Bio-RIDE initiative to drive biotechnology and biomanufacturing innovation with a budget of Rs 91.97 billion. The scheme aims to boost India’s bioeconomy, particularly in healthcare, agriculture, and clean energy sectors.
Inox Wind Secures 550 MW Wind Project
Inox Wind has won a 550 MW wind project from IGREL Renewables, expanding its order book to over 3.5 GW. The project will be developed across Gujarat, Rajasthan, and Madhya Pradesh within 24 months.
Gautam Solar Invests Rs 10 Billion in 2 GW Solar Plant
Gautam Solar is establishing a 2 GW solar cell manufacturing facility in Haryana with a Rs 10 billion investment. This expansion will enhance India’s domestic manufacturing capacity for solar components and help meet local demand.
Vanda RE to Supply 300 MW of Solar Power to Singapore
Vanda RE has received approval to supply 300 MW of solar power to Singapore. This project is part of a larger initiative to generate 2,000 MW of solar power and 4,400 MWh of battery storage, set to begin by 2028.
South Africa Partners with BRICS Nations for Energy Infrastructure
South Africa is bolstering its energy infrastructure with help from BRICS nations, receiving USD 5 billion from the New Development Bank to build 14,000 km of new electricity transmission lines by 2030.