VinFast exploring Andhra Pradesh for second EV and battery plant in India
Pham Sanh Chau, CEO of VinFast India, recently met with N. Chandrababu Naidu, chief minister of Andhra Pradesh, and proposed an investment of INR 4,000 crore into setting up electric vehicle (EV) and battery manufacturing plants in the state.
The EV charging boom: A $1 trillion opportunity by 2040
The EV charging sector is on the brink of unprecedented growth, with a trillion-dollar investment forecasted by 2040. While the path to this future is fraught with challenges, it also offers immense opportunities for innovation and economic growth.
Enfinity Global secures $162.4 million for 250 MW solar portfolio in Japan
Enfinity Global has closed $162.4 million in financing for a 250 MW solar portfolio in Japan. The seven utility-scale projects are expected to produce 300 GWh of clean energy per year.
Brookfield acquires controlling stake in Leap Green Energy
Brookfield will initially make an equity investment of over $200 million in Leap Green Energy, through subscription of new shares and acquisition of shares from current shareholders. It may infuse further $350 million of incremental equity capital to support Leap Green’s future growth in renewable energy solutions for the commercial and industrial sector.
The Hydrogen Stream: India’s second electrolyzer tender attracts proposals for more than 2.8 GW
India’s second 1.5 GW electrolyzer manufacturing tender under production-linked incentives scheme has attracted bids from 23 companies for a cumulative annual capacity of 2,847 MW.
REC secures JPY 31.96 billion green loan from Deutsche Bank AG
REC Ltd has secured a green loan of JPY 31.96 billion (equivalent to $200 million) from Deutsche Bank AG to finance eligible green projects in India.
The Hydrogen Stream: India issues guidelines for second round of green hydrogen incentives
The Ministry of New and Renewable Energy (MNRE) has released guidelines for the second round of incentives for green hydrogen production under the Strategic Interventions for Green Hydrogen Transition (SIGHT) Programme.
ICRA upgrades Tata Power to AA+ with Stable outlook
The ratings upgrade takes into account Tata Power’s healthy operating and financial performance driven by the diversified business profile, superior operating efficiencies, and long-term offtake agreements for the generating portfolio.
ACME Solar files draft papers for INR 3,000 crore IPO
ACME Solar Holdings is one of India’s largest private-sector renewable power producers. It ranks among the top 10 renewable energy players in India in terms of operational capacity.
NTPC board approves raising of INR 12,000 crore via bonds, NCDs
NTPC’s board of directors has approved a proposal to raise up to INR 12,000 crore ($1,438.23 million) through the issuance of bonds and non-convertible debentures (NCDs).
