The state-owned power finance company aims to meet 20% of the INR 15 lakh crore ($181.25 billion) financing requirement for India’s targeted 500 GW of installed RE (non-fossil fuel) capacity.
The acquisition will strengthen Siemens’ capability to address the fast-growing demand for electric vehicle (EV) charging infrastructure in India.
Ayana Renewable Power will develop over 1 GW of renewable energy capacity comprising solar and wind, supplemented with a storage solution, to ensure round-the-clock power supply.
India will use its internal market to scale up hydrogen projects, with Germany as a possible export destination. As part of a broader strategy, the countries will collaborate on a financial and technological level on energy transition projects.
The recently issued green port guidelines emphasize using clean energy in port operations and developing port capabilities for storage, handling, and bunkering of greener fuels such as green hydrogen, green ammonia, and green methanol.
Uttar Pradesh led the yearly electric vehicle sales with a 15.15% share of the cumulative 1.2 million units sold in FY 2022-23. It was followed by Maharashtra (12.72%) and Karnataka (9.14%).
Chinese energy storage company Imren Battery has introduced its new EVE LF105 lithium-iron phosphate (LFP) prismatic battery cells, which can be used in a wide range of applications, including EVs, renewable energy storage, and other applications.
A new study by Central Electricity Authority assesses the least-cost, optimal generation capacity mix to meet India’s projected electricity demand for the year 2029-30.
Researchers from Switzerland’s École Polytechnique Fédérale de Lausanne have unveiled a new solar dish plant design, while Plug Power has delivered its first electrolyzer system to Europe.
ACME and Indraprastha Gas Ltd (IGL) have agreed to jointly explore the setting up of hydrogen generation plants, including electrolyzers, to blend green hydrogen in IGL’s natural gas supply.
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