Search Results for: India

Tata Passenger Electric Mobility Ltd. (TPEML) and Tata Power Renewable Energy Ltd. (TPREL) have partnered to drive zero-emissions mobility in India by integrating electric vehicles (EVs) with solar rooftop systems. This collaboration enables TPEML customers to install solar rooftops through TPREL, promoting both EVs and solar solutions to their respective customer bases. Combining EVs with solar rooftops reduces the total cost of ownership, lowers electricity bills, accelerates payback periods for solar owners, and provides 100%…

Suzlon Energy Ltd board has approved the acquisition of 22,80,000 equity shares, representing 76% of Renom Energy Services Private Ltd’s equity share capital, in multiple tranches. The acquisition, valued at Rs 6.6 billion, will make Renom Energy Services a subsidiary of Suzlon Energy. The initial acquisition of a 51% stake (15,30,000 equity shares) will be completed within three months for Rs 4 billion, subject to closing conditions outlined in the sale and purchase agreement (SPA)….

Fourth Partner Energy Ltd (FPEL) has raised $275 million from the International Financial Corporation (IFC), Asian Development Bank (ADB), and German Investment Corporation (DEG) to support its goal of 3.5 GW renewable energy capacity by 2026. The funding breakdown includes $125 million from IFC, $100 million from ADB, and $50 million from DEG. This investment will bolster FPEL’s current 1.5 GW portfolio and help commission a 575 MW wind-solar hybrid project in Karnataka later this…

The Union Budget 2024–25 introduced “Climate Finance Taxonomy,” aimed at channelling capital towards climate-resilient infrastructure and practices. This taxonomy will guide investments in sectors like shipping, aviation, iron and steel, and chemicals, transitioning from energy efficiency to emissions reduction targets. The initiative aims to ensure transparent and efficient investment in genuine green projects, preventing greenwashing by setting common scientific standards. Countries like China, Malaysia, and Sri Lanka have already issued green taxonomies. India’s task force…

Clean energy company Sunkind Energy has announced that it has secured new solar power projects totalling around 27 MW. These contracts have been awarded by Nahar Group and Jindal Group, according to a company statement. For Nahar Group, Sunkind Energy will set up a 7.3 MW capacity in Ludhiana, Punjab, for captive purposes, and a 19.6 MW captive solar project for Jindal Group in Nashik, Maharashtra. Both projects will be executed in engineering, procurement, and…

Tata Electronics has commenced the construction of a Rs 270 billion chip assembly plant in Assam. The facility, located in Jagiroad, Morigaon district, is expected to be operational by next year. The plant will produce 4,830 million chips daily using indigenously developed technologies. The construction began within five months of approval. The chips produced will be used in vehicles, including electric vehicles, 5G technology, and network infrastructure. India Semiconductor Mission aims to develop 85,000 talents,…

The Rajasthan Cabinet, chaired by Chief Minister Bhajanlal Sharma, approved establishing four joint venture companies focused on renewable and thermal power generation and transmission. The Cabinet also approved the development of metro rail projects under a joint venture with the central government, which is in line with the Metro Rail Policy 2017. Following an MoU signed with various central public sector companies on March 10, 2024, the state Cabinet approved the formation of joint ventures…

Blueleaf Energy has secured financing for its 200-MW wind and solar hybrid power project in Madhya Pradesh. Axis Bank will provide around USD 170 million to support the Pachora Hybrid project, Blueleaf’s first utility-scale venture in India, set to commence commercial operations in 2025. The project, located at the Pachora Inter State Transmission System (ISTS) substation, will generate over 600 GWh annually, powering approximately 110,000 households. Blueleaf has secured buyers for International Renewable Energy Certificates…

Lectrix EV, the electric mobility arm of SAR Group, has announced a collaboration with Electric One Energy Pvt. Ltd., a leading EV superstore chain. This partnership aims to enhance Lectrix EV’s market reach while providing Electric One Energy with reliable, high-quality electric vehicles. Electric One Energy will make Lectrix EV more accessible to Indian and global consumers seeking affordable, high-quality electric vehicles. The partnership also plans to expand exports to SAARC countries, including Nepal and…