Adani to develop 15 GW of renewable energy projects in Andhra Pradesh
Adani Group has committed to building 15 GW of renewable power projects in Andhra Pradesh, while Reliance announced its 10 GW solar plans for the state. Avaada, Greenko, Indosol, and ReNew have also pledged massive investments into the state’s renewables sector.
Greenko raises $700 million in equity funding for pumped storage projects
The Hyderabad-based developer will use the amount towards the capital expenditure of more than 25 GWh of pumped storage projects.
Tata Power Renewable completes $525 million equity fundraising from BlackRock, Mubadala
The investment will fund Tata Power Renewable’s aggressive growth plans as it targets over 20 GW of renewables assets and a market-leading position in the rooftop and electric vehicle charging space across India over the next five years.
India needs over $4 billion to create 50 GWh of lithium battery capacity under PLI Scheme: CEEW
A new study by CEEW deconstructs the lithium-ion battery cell manufacturing process, calculates the material and finance requirements, and offers a blueprint for the domestic strategy.
CEF Group to establish waste-to-biofuel plants in Uttar Pradesh
CEF Group has signed a memorandum of understanding (MoU) with the government of Uttar Pradesh to invest INR 650 crore in setting up waste processing plants in the state. The plants will scientifically process the waste to produce bio-CNG and organic manure from it.
Ola Electric to set up lithium battery gigafab in Tamil Nadu
The winner of the 20 GWh battery cell capacity under the government’s production-linked incentive (PLI) scheme is going to set up its lithium battery factory in Tamil Nadu.
State EV policies need better implementation mechanisms
A study reveals that none of the eight states where EV policies have been active for two years or more is on track to meet its targets of EV penetration, charging infrastructure, or investments.
Waaree Renewable Q3 profit soars 11,250% year-on-year
Waaree Renewable Technologies has posted a profit after tax (net profit) of INR 24.97 crore (around $3 million) for the quarter ended December 31, 2022, 11,250% up year-on-year.
Ensuring a just energy transition
The renewable energy sector must lead responsibly by addressing land use, circularity and financing.
EIB to support green hydrogen in India with EUR 1 billion loan
European Investment Bank (EIB) has joined the India Hydrogen Alliance and agreed to increase support for large-scale green hydrogen hubs and projects across India with indicative funding of EUR 1 billion.
