Category: Power

NEW DELHI: Power shares closed higher in the Thursday’s session. Energy Development Company(up 4.98%), Reliance Power(up 4.92%), Inox wind(up 4.88%), RTNPOWER(up 4.76%), KPI Green Energy(up 4.37%), Suzlon Energy(up 4.26%), NLC India(up 4.19%), ADANIGREEN(up 4.19%), Adani Transmissions(up 3.46%) and SJVN(up 2.36%) stood among the top gainers.

China aims to double its wind and solar capacity by 2025, according to a new road map that also allows for more coal-fired power plants to bolster energy security. The world’s biggest polluter earlier estimated it needs to double wind and solar use by 2030 to deliver on its pledges under the Paris climate accord.

ReNew Power on Thursday said it is acquiring wind and solar assets totalling 527.9 megawatts (MW) in various states. It has also entered into an agreement with the Maharashtra government for the supply of 200 MW of green power, the company said in a statement. ReNew said, “It has signed definitive agreements to acquire an […]

Cipla Limited on Thursday announced the commercial operation of additional capacity of a captive renewable energy power plant in Maharashtra and Karnataka. The company had commissioned 30 MWp solar project in Maharashtra’s Tuljapur in January 2021, which it has further added 16 MWp of solar capacity for supplying renewable energy for its manufacturing units/ facilities […]

Shares of Hero MotoCorp NSE -3.48 % slid 4.3 per cent in early trade on Thursday after the two-wheeler giant deferred the launch of its first electric two-wheeler on account of supply constraints amid geopolitical tensions. The automobile major had earlier announced that its EV, under the ‘Vida’ brand, would be launched in July. Hero […]

Convergence Energy Services Ltd (CESL), a subsidiary of public sector joint venture Energy Efficiency Services Ltd (EESL), plans to tender 50,000 electric buses on behalf of states in the next five years. Company’s managing director, Mahua Acharya, said after such mega tenders are set to lower costs, she expects state transit utilities to eventually put […]

Ford Motor Co needs to overhaul its century-old business model – from slashing advertising spending to reworking its dealer network – if it is to earn enough profit on electric vehicles to compete with Tesla and others, the automaker’s chief executive said on Wednesday. The shift from internal combustion vehicles to EVs is “the most […]

Tesla works at twice the industry pace in many processes but still needs to ramp up highly complex factories and find qualified workers to win the electric vehicle race, Volkswagen’s chief executive said on Wednesday. The US carmaker, posing a challenge to German electric vehicle production with its new plant near Berlin, had the advantage […]

In a bid to reduce carbon emission and increase the green footprint, West Bengal government is planning to introduce 1200 electric buses in Kolkata in next three years. Already 80 electric buses are functional while the total 125 will be operational by July. All the government buses in Kolkata will either be electric buses or […]

Lamborghini wants to have two hybrid supersports cars in its range beyond 2030 powered by e-fuels, the head of the Volkswagen’s brand was quoted as saying in a newspaper interview on Wednesday. Lamborghini’s Chief Executive Stephan Winkelmann told Italian daily Il Corriere della Sera that synthetic fuels would allow the automaker to have very low […]

Manufacturing sector capital expenditure is on course for a leg-up with overwhelming responses to the government’s production-linked incentives schemes, especially for lithium-ion battery, pharma and solar module segments, a report said on Wednesday. So far the PLI (Production-Linked Incentive) scheme has received robust response in green initiative spaces such as renewable energy as well as […]

GreenZo Energy on Wednesday said it is planning to invest up to Rs 400 crore to set up a 250 MW electrolyser factory. The company will also spend Rs 70 crore on the R&D (Research & Development) for the production of the green hydrogen electrolyzer in 2022-23, the company said. In a statement, the company […]