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Top EU economies spend 42 billion euros annually on fossil-fuel company car subsidies, study finds
The EU‘s five largest economies—Italy, Germany, France, Poland, and the United Kingdom—spend a combined 42 billion euros (USD 45.6 billion) annually subsidizing fossil-fuel company cars, according to a study by consultancy Environmental Resources Management (ERM), commissioned by environmental group Transport & Environment (T&E). The report urges the EU to redirect these subsidies towards electric vehicles…
Websol to supply 100 MW MONO PERC solar cells to Luminous Power
Websol Energy Systems Private Limited has signed a purchase agreement with Luminous Power Technologies Private Limited for the supply of 100 MW of MONO PERC solar cells. The agreement was signed on April 5, 2025. The supply is scheduled to take place over a one-year period, from April 2025 to April 2026. The solar cells…
BPCL and Sembcorp form JV for renewable energy and green hydrogen
Bharat Petroleum Corporation Limited (BPCL) and Sembcorp Green Hydrogen India Private Limited (SGHIPL), a wholly owned subsidiary of Sembcorp Energy India Limited (SEIL), signed a Joint Venture Agreement (JVA) on April 3, 2025. The agreement marks the formation of a 50:50 joint venture (JV) to develop renewable energy and green hydrogen projects in India. The…
USD 2 billion Thai Binh LNG power plant to begin construction in 2025
The USD 2 billion Thai Binh LNG power plant project in northern Vietnam will begin construction in late 2025 after completing its feasibility study by mid-year. Led by Thai Binh LNG Power JSC, a joint venture of Japan’s Tokyo Gas, Kyuden International, and Vietnam’s Truong Thanh Vietnam Group, the plant aims to generate 10 billion…
Adani Green commissions 250 MW solar capacity in Rajasthan
Adani Green Energy Twenty Four Limited (AGE24L), a subsidiary of Adani Green Energy Limited (AGEL), commissioned 250 MW of solar capacity on February 21, 2025. The project is part of the 8,000 MW Inter-State Transmission System (ISTS)-connected solar power initiative linked to a manufacturing plant at Bhimsar and Dwada in Jaisalmer, Rajasthan. AGEL secured the…
CCI conducts market study on renewable energy across BRICS nations
The Competition Commission of India (CCI) is conducting a market study to assess competition issues within the renewable energy sector across BRICS nations. The study, led by CCI Chairperson Ravneet Kaur, is part of the broader BRICS framework, which originally included Brazil, Russia, India, China, and South Africa, with other countries later joining the bloc….
