Visteon, a global technology leader at the forefront of driving digitalization and electrification trends in the mobility industry, has created a Michigan-based joint venture with Shinry Technology Companies Ltd., a China-based Tier 1 supplier specializing in charging and distribution solutions for new energy vehicles. The joint venture, known as Visteon-Shinry Power Electronics (VSPE), enables the […]
Day: March 7, 2024
Suzlon Group bags 72.45 MW wind power project from Juniper Green Energy
Renewable energy solutions provider Suzlon Group on Thursday said it has secured a 72.45 MW wind power project from Juniper Green Energy Pvt Ltd. As part of the project, Suzlon will install 23 Wind Turbine Generators (WTGs) with a Hybrid Lattice Tubular (HLT) tower and a rated capacity of 3.15 Megawatt (MW) each at the […]
SpiceJet resolves Rs 413 crore dispute with Echelon Ireland Madison One
SpiceJet announced on Thursday (March 7) the resolution of a dispute amounting to Rs 413 crore with aircraft leasing firm Echelon Ireland Madison One Ltd, marking the third such settlement by the beleaguered carrier in less than two weeks. This latest settlement not only resolves the financial dispute but also brings significant cost savings to […]
L&T bags offshore order from ONGC for its Hydrocarbon business
Larsen & Toubro (L&T) on Thursday announced that its Hydrocarbon vertical (L&T Energy Hydrocarbon – LTEH) has secured significant order from the Oil & Natural Gas Corporation (ONGC) for the MHN TCPP PGC BGC Project (MTPBP), off India’s West Coast. The scope of work includes engineering, procurement, construction, installation, and commissioning of new Process Gas […]
Nexgen Energia to invest Rs 3,000 cr to set up CBG plant in Gujarat
Sustainable energy solutions company Nexgen Energia on Wednesday said it will invest around Rs 3,000 crore to set up a compressed biogas (CBG) plant in Gujarat. The company presented a proposal for its investments in the state during a meeting with Gujarat Chief Minister Bhupendrabhai Patel. After the commencement of the CBG plant, it will […]
MG Comet new variants launched: Check price, features, battery power, speed
MG Motor India has launched the MG Comet EV with fast charging. The EV’s variants have been revamped, and two new variants have been introduced with additional features. The prices for the Comet EV now range from Rs 6.99 lakh to Rs 9.14 lakh (ex-showroom). The Comet EV was earlier available in three variants – […]
NSRCEL and IIM Bangalore alum-founded GPS Renewables partner for ‘Campus Founders’
NSRCEL, the incubation arm of IIM Bangalore (IIMB), has partnered with GPS Renewables, a full-stack, clean fuels technology and engineering company, for the second edition of Campus Founders – a student entrepreneurship programme aimed at supporting college-based startup founders and recent graduates in transforming their startup ideas into thriving businesses.
Global wind output primed for new peak as spring breezes blow: Maguire
World wind-powered electricity output could hit record highs over the coming weeks as wind speeds pick up across key wind farms in China, Europe and the United States as the northern hemisphere spring sets in. A combination of shifts in jet streams and changes to the sun’s angle on the earth tend to increase wind […]
Green companies want solar module PLI deadline extended
Over half a dozen renewable energy companies that were planning to set up solar photovoltaic (PV) module manufacturing capacities under the government’s Production Linked Incentive (PLI) scheme (Tranche-II), are seeking a deadline extension for the same, said three industry executives aware of the development.
Pressed for space, solar farms are getting creative
Solar power is expected to dominate global electricity markets in the next few decades, and already accounts for three-quarters of renewable energy capacity, according to the International Energy Agency. This year, BloombergNEF predicts solar builds will climb another 25%, adding more than 500 gigawatts of capacity. All of that solar needs a lot of space. […]
OPEC expects share of Indian oil imports to rise again
OPEC is set to win a bigger share of India’s oil imports in coming decades due to the proximity of its supplies, the producer group’s head told Reuters, after its dominance was recently eroded by competition from discounted Russian oil. The share of oil from the Organization of the Petroleum Exporting Countries (OPEC) imported by […]
IOC to make fuel for Formula 1 – first by an Indian firm
Indian Oil Corporation Ltd (IOC) – the nation’s top oil firm – will in three months start manufacturing fuel used in adrenaline-pumping Formula One or F1, motor racing as it looks to expand its basket of niche fuels. IOC, which already has three branded fuels, including high-selling XtraGreen diesel, on Wednesday unveiled ‘Storm’ petrol that […]