French automaker Renault is in advanced discussions with potential partners to extract and recycle lithium and other metals from used electric vehicle batteries, a company executive said, as it seeks to reuse more of the strategic raw materials. While recycling car parts is increasingly common, Renault is aiming to be the first European automaker to […]
Category: Power
Power
China to challenge Joe Biden’s electric vehicle plans at the WTO
Beijing: China said Tuesday that it has filed a complaint at the World Trade Organisation over what it says are discriminatory requirements for American subsidies for electric vehicles. Starting this year, US car buyers are not eligible for tax credits of USD 3,750 to USD 7,500 if critical minerals or other battery components were made […]
Tesla to give one month driver-assist technology trial for customers
Tesla will give a one-month trial of its driver-assist technology Full Self-Driving (FSD) to existing and new customers in the United States, according to Tesla CEO Elon Musk and the company’s website. Musk also is requiring Tesla staff to give demonstrations of FSD to new buyers and owners of serviced vehicles, according to two emails […]
NTPC signs pact with Japanese agency for USD 200 million loan
New Delhi, State-owned power giant NTPC on Tuesday said it has inked a pact with a Japanese agency for sourcing foreign currency loans of USD 200 million (JPY 30 billion or around Rs 1,650 crore).. Japan Bank for International Cooperation (JBIC), a government policy-based financial institution, will provide 60 per cent of the facility amount […]
CCI clears Adani Power’s purchase of Lanco Amarkantak
The Competition Commission of India on Tuesday approved Adani Power’s acquisition of Lanco Amarkantak Power, according to an order by the antitrust regulator. Adani Power proposes to acquire a 100% stake and control of bankrupt Lanco Amarkantak following a corporate insolvency resolution process (CIRP), the CCI said. Last month, Adani Power reportedly won the bid […]
Sterlite & GIC to set up $1 billion JV for power transmission
Vedanta Group’s privately held power transmission arm Sterlite Power Transmission Ltd (SPTL) and Singapore’s sovereign wealth fund GIC are jointly setting up a $1 billion platform for the power transmission sector in India, said people aware of the development. GIC will invest $500 million in the JV for a 49% stake while Sterlite Power will […]
Here are the big hurdles to the global push to build up renewable energy
The world’s governments have agreed they want to triple renewable energy by 2030, a goal laid out at the U.N. climate summit in December. But right now, the post-pandemic global economy is throwing up obstacles that will need to be overcome if the goal is going to be met.
Wind and sun are free, but it’s harder to get renewable energy projects built these days. Here’s why
Germany – The wind gusting across north German farm country brings much to the village of Sprakebuell: fog and rain from the sea, the occasional migrating stork, the faint smell of manure in the newly fertilized fields. And perhaps best of all, money – from selling the electricity generated by the wind turbines studding the […]
Adani eyes 45 GW renewable energy capacity by 2030
Billionaire Gautam Adani’s group is building the world’s largest renewable energy park in Gujarat, as it eyes a massive 45 GW capacity to generate electricity largely from solar energy. Speaking at the opening of ‘Energy Revolution: The Adani Green Energy Gallery’ at the Science Museum in London, Gautam Adani said his group’s renewable energy arm, […]
India, Bhutan explore setting up of new hydropower projects
The India-Bhutan joint vision document on energy launched during Prime Minister Narendra Modi’s visit to Thimphu this week aims to explore new hydropower projects, besides green and solar energy projects, which could lead to additional revenue generation for the Himalayan nation. Modi and his counterpart, Tshering Tobgay, decided to engage in the development of new […]
Adani Power shares up 0.94% as Nifty gains
Shares of Adani Power Ltd. gained 0.94 per cent to Rs 528.95 in Friday’s trade. It hit a high of Rs 530.75 and low of Rs 524.3 during the session. On the technical charts, the 200-DMA of the stock stood at Rs 408.06, while the 50-DMA was at Rs 549.2. If a stock trades above […]
Tata Power shares up 0.19% as Sensex rises
Shares of Tata Power Company Ltd. gained 0.19 per cent to Rs 392.85 in Friday’s session as of 11:52AM (IST) even as the equity benchmark Sensex traded 189.73 points higher at 72830.92. Earlier in the day, the stock witnessed a gap down start to the session. The stock quoted a 52-week high price of Rs […]