Neuron Energy to invest INR 50 crore in lithium battery pack business
The Mumbai-headquartered lithium battery manufacturer plans working capital finance of INR 35 crore and equity investment of INR 15 crore to increase production capacity and fulfil orders from large OEMs.
Saatvik appoints solar panel distributor for Rajasthan
Haryana-based Saatvik Solar has appointed Etrica Power as the distributor of its solar panels in the Rajasthan region.
US to deploy 30 GW/111 GWh of grid-scale energy storage by 2025
The US energy storage market hit an inflection point in 2020. The Energy Information Administration expects the deployment of grid-scale storage to pick up over the next three years.
NIIFL signs MoU on renewable energy projects in Tamil Nadu
National Investment and Infrastructure Fund Ltd (NIIFL) will support Tamil Nadu Infrastructure Development Board in identifying potential private-sector investment opportunities in various sectors including renewable energy.
Partners Group to acquire Sunsure Energy
The Swiss investment manager will invest up to $400 million to transform Sunsure into a next-generation independent power producer. The platform targets 3 GW of capacity from Partners Group’s equity commitment.
Power minister launches transmission system plan for over 500 GW renewables capacity by 2030
India’s Ministry of Power has chalked out a comprehensive plan for the evacuation of power from the planned 500 GW of renewables capacity by 2030. The plan envisages an additional transmission system and the installation of battery energy storage capacity.
ONGC signs MoU with Shell for carbon capture, utilization and storage
India’s largest crude oil and natural gas company has signed an agreement with global energy giant Shell for joint study on carbon capture, utilization and storage.
Sembcorp to deploy more than 400 MW of PV at coal facility in Bangladesh
Singapore’s Sembcorp plans to install several solar plants near 1.4 GW of coal power capacity that developers are now building in Bangladesh.
No funding for new coal in 2021
The renewable energy sector (solar and wind) recorded project finance deals worth INR 33,893 crore ($4,598 million) in 2021. No new project finance for coal was reported.
How Indian businesses are growing with ESG
Today, following the ESG (environmental, social and governance) mandate is more than just ticking off a box in the compliance checklist. It is taking ownership of the consequences of the businesses and working towards creating a positive impact by partnering with the right groups.
