The European Union Parliament and EU states reached a deal on Thursday to almost double the share of renewables in the 27-nation bloc’s overall energy consumption by 2030. The provisional political agreement seeks to raise the share of renewable energy to 42.5 percent, from 22 percent today, according to a Council of the EU statement, […]
Category: Power
Power
Adani pins hopes on 20% earnings growth every year to repay $23 billion debt
Embattled Adani Group is looking at a 20 per cent growth in earnings across businesses spanning from seaports to airports, edible oil and commodities, energy, cement and data centres, to repay about $23 billion of debt over the next 3-4 years in a comeback strategy, sources said. Adani group executives have met bankers, bondholders, analysts […]
Adani pulls back on grand ambitions after Hindenburg bombshell
Two months on from its explosive report into Gautam Adani’s acquisitive conglomerate, short seller Hindenburg Research has left the Indian billionaire’s empire chastened and reevaluating its ambitions. Hindenburg’s allegations of extensive, years-long corporate fraud at the Adani Group have wiped out about $125 billion in market value since January, spurring the tycoon to rein in […]
Gogoro, Zomato, Kotak Mahindra Prime join hands to accelerate adoption of EVs by delivery partners
Taiwan-based battery swapping firm Gogoro Inc on Tuesday said it has joined hands with Zomato and Kotak Mahindra Prime to promote fast adoption of electric mobility in the last-mile transportation segment. As per the partnership, the companies will offer last-mile delivery partners associated with Zomato affordable loan terms and battery swapping services. “The urban transformation […]
Govt sanctions Rs 800 cr for installing 7,432 EV fast charging stations
The Ministry of Heavy Industries on Tuesday said Rs 800 crore under FAME India Scheme Phase II has been sanctioned to three PSU oil marketing companies (OMC) for setting up 7,432 public fast charging EV stations across the country. The amount has been sanctioned under FAME Scheme Phase II. The ministry has released Rs 560 […]
Adani refutes reports on debt repayment concerns as shares slide
The Adani Group is back in fire-fighting mode after media reports called into question the Indian conglomerate’s ability to repay debt, reviving a selloff in its stock. Adani units slumped Tuesday after The Economic Times said the group is seeking to renegotiate the terms of $4 billion worth of loans, citing people it didn’t identify. […]
11 firms bag 39,600 MW solar manufacturing capacity under PLI scheme
The Government on Tuesday said it has allocated 39,600 MW of domestic solar PV module manufacturing capacity to 11 companies with an outlay of Rs 14,007 crore under Production Linked Incentive (PLI) scheme. Reliance has been awarded capacity worth 6,000 MW, Waaree 6000 MW, ReNew 4,800 MW, JSW 1,000 MW while Tata Power Solar got […]
SUN Mobility to power 50,000 electric two-wheelers of Zomato’s fleet over next 2 years
Electric vehicles energy infrastructure and services provider SUN Mobility on Monday said it has entered into a partnership with online food delivery platform Zomato to power 50,000 electric two-wheelers of the latter’s fleet over the next two years. Under the partnership, SUN Mobility will provide its battery swap solutions for last-mile deliveries with the initial […]
EV companies shop for fresh talent to meet rising demand: Report
As consumers gradually move towards sustainable mobility, electric vehicle (EV) companies are ramping up hiring amid the continued growth, The Economic Times reported. Hero Electric, MG Motor, Simple Energy and Yulu Bikes are among companies that have ramped up hiring for special profiles including EV technicians, battery recycling experts, software developers and manufacturing and engineering, […]
Chhattisgarh: Three labourers killed, 2 hurt as concrete mixture machine comes in contact with live wire
Three labourers were electrocuted to death and two others sustained burns when a concrete mixture machine being shifted by them came in contact with a live wire at a road construction site in Chhattisgarh’s Sakti district, police said on Monday. The incident occurred on Sunday evening in Khamariya village when the mixture machine was being […]
Now, Bescom to harness solar energy for irrigation pump sets
In a big push towards the use of clean energy, Bangalore Electricity Supply Company (Bescom) will soon harness solar power to energise close to 2.6 lakh irrigation pump sets (IP sets) across the state. While this will ensure an uninterrupted power supply to the farmers, it will also bring down the electricity supply company’s dependence […]
Belagavi being groomed to become a hub for making drones & EVs
Aspiring to turn Belagavi into a global hub for drones and electric vehicles (EVs), the Karnataka government is dedicating 500 acres to this sunrise segment. Stepping in that direction, the Karnataka Digital Economy Mission (KDEM) is looking to sign up the first batch of investors on Friday. In an event christened DRoEV-2023, where KDEM will […]