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Electrification: Powering the shift for two-wheeler segment towards electric mobility
As per a recent study by Booz & Company for electric vehicles in India, a mere 5% conversion of vehicles to electric vehicles can save 45 lakh litres of petrol every year. It is also found that even after considering the pollution caused in electricity generation, each E-bike can save up to 350 kg of CO2 emission each year.
Tata Power secures Letter Of Intent for Odisha’s WESCO and SOUTHCO discoms
Tata Power, India’s largest integrated power utility, today announced that it has received the Letter of Intent (LOI) from the Odisha Electricity Regulatory Commission (OERC) for the distribution and retail supply of electricity in Odisha’s five circles of WESCO and six circles of SOUTHCO.
PV-Invest chooses Solytic to monitor 52 MW
Klagenfurt based company PV-Invest acquires and operates photovoltaic plants throughout Europe. Now, PV-Invest brings the O&M service back in-house. Their decision to insource required a modern monitoring solution that ensured fast and uncomplicated onboarding while avoiding unnecessary costs. After comparing offers from renowned monitoring providers, PV-Invest assigned the task to Solytic.
All-India energy demand to continue to recover in 2HFY21
Electricity generation from renewable sources in October 2020 increased yoy by 36.6% to 10 billion units with a 27% yoy increase in solar and wind capacity.
Hitachi ABB Power Grids teams up with Ashok Leyland in e-bus pilot at IIT Madras campus
The tripartite MoU is for an e-mobility social innovation pilot and acclerates India’s journey toward a carbon-neutral energy future and sustainable society.
UNDP and Invest India launch the SDG Investor Map for India
18 Investment Opportunities Areas identified across 6 critical SDG-enabling sectors that can balance commercial returns with catalytic development impact.
BSE’s India INX, Luxembourg Stock Exchange partner to develop green finance
The pact with Luxembourg Stock Exchange, one of the largest and most popular destinations for listing of Green and sustainable bonds by issuers across the world, will provide opportunities for dual listing and also increase secondary market trading in green.
Distribution Utility Meet (DUM 2020): 4th annual conference of power distribution utilities for collaborative growth
The meet will be held this year on digital platform from 27 – 28 Nov 2020 with host utilities including BSES Yamuna, BSES Rajdhani, Tata Power Delhi Distribution Limited and Tata Power Company Limited, Mumbai.
Valeo launches fully integrated compact electric powertrain system in India
This advanced powertrain technology from Valeo will aid electrification at an affordable cost for small mobility vehicles like two-and three-wheelers that are extensively used for first and last mile connectivity in the country.
Idemitsu invests in European Open Innovation Venture Capital Fund from Emerald
Idemitsu Kosan (Headquarters: Tokyo, Japan), has decided to invest in an open innovation evergreen fund, managed by Emerald Technology Ventures, a Swiss clean technology-focused venture capital organization (Headquarters: Zurich, Switzerland). In addition, Idemitsu has decided to establish a new open innovation promotion base in Switzerland. For new business creation, Idemitsu strengthens its efforts to accelerate innovations with start-up companies, not only in Japan, but around the world.
