India-US climate ties must prioritize green transition finance
A new report says the United States and India have an opportunity to partner to catalyze foreign institutional investment in India’s green transition. It lays out what such a partnership should look like and how it would benefit both countries and the world.
IESA partners Norway’s Greenstat to support India’s hydrogen mission
India Energy Storage Alliance (IESA) and Greenstat Hydrogen India will collaborate on establishing a Norwegian Centre of Excellence on Hydrogen in India and supporting the development of green hydrogen technologies.
The long read: Smarter robots to step up to service
On Dec. 1, Tel-Aviv based robotic cleaning provider Ecoppia launched an initial public offering on the Tel Aviv Stock Exchange. In doing so, the seven-year-old solar startup raised $83.8 million from public and institutional investors – although heavily slated toward the latter. Jean Scemama, who joined Ecoppia as CEO in April 2020, says the IPO will allow it to double down on R&D efforts and expand into the provision of services.
Battery startup Gegadyne Energy raises INR 33.4 crore from V-Guard
The Mumbai-based battery startup develops advanced nano-material composites to enable quick-charging batteries for electric vehicle (EV), industrial storage, and consumer electronics space.
Total to acquire 20% stake in Adani Green Energy
The French oil and gas giant already owns half the stake in the Indian developer’s 2.3 GW operational solar assets in India through a joint venture.
Tata Power partners SIDBI to launch low-cost finance for MSME rooftop solar
The financing scheme, available only to Tata Power customers, provides collateral-free loans at an interest rate less than 10% for both off-grid and on-grid rooftop solar connections.
India, Vietnam sign MoU on solar energy cooperation
The National Solar Energy Federation of India and Vietnam Clean Energy Association signed the pact to exchange best practices and explore business opportunities in solar energy.
MG Motor partners TES-AMM for EV battery recycling
The British carmaker has joined hands with the electronic waste recycler to get the lithium-ion batteries of its ZS electric vehicles recycled at the end of their life.
SJVN, IREDA sign MoU for green energy projects
As per the agreement, the Indian Renewable Energy Development Agency (IREDA) will undertake techno-financial due diligence of renewable energy, energy efficiency and conservation projects for state-owned hydropower producer Satluz Jal Vidyut Nigam Ltd (SJVN).
Exide Industries increases stake in lithium battery JV with Leclanché
With an additional investment of INR 33.17 crore, Exide Industries’ shareholding in the joint venture company has increased by 2.28% to 80.15% of the paid-up equity share capital.
