TotalEnergies SE (Total) is investing $300 million in a new clean energy joint venture with the Adani group — the first deal by the French giant in the domestic conglomerate since the Hindenburg report. Total will hold a 50 per cent stake in the new joint venture, with Adani Green Energy Ltd (AGEL) holding the […]
Category: Power
Power
TotalEnergies to invest $300 million in Adani Group’s green energy projects
TotalEnergies SE will invest USD 300 million in a new clean energy joint venture with the Adani Group, marking the French energy giant’s first public deal since a US short-seller levelled fraud allegations against Gautam Adani’s business empire. Total will hold a 50 per cent stake in the new joint venture firm, with Adani Green […]
Mercedes-Benz India to extend electric vehicle charging network to customers of other brands
German luxury car maker Mercedes-Benz India on Friday announced the extension of its electric vehicle charging network to the customers of other brands as it looks to accelerate the faster adoption of electric vehicles in the country. The car maker launched the top-end EQE 500 4MATIC electric SUV at an introductory price of Rs 1.39 […]
EV stakeholders call on government for rapid increase in charging infrastructure
The call for a rapid increase in charging infrastructure is getting more strident among electric vehicle (EV) stakeholders such as manufacturers and start-ups as the ambitious government target of one million EV sales in 2023 loom. “We stand at an inflexion point in the transportation industry, where going from Point A to Point B has […]
Cabinet approves viability gap funding of ₹3,760 crore for battery energy storage systems
The Cabinet on Wednesday approved a proposal to provide grants worth Rs 3,760 crore in the form of viability gap funding to companies setting up battery storages in the country. The Centre will fund up to 40 per cent of a project cost. The Modi government sees 4,000Mwh battery storage capacity by 2030-31. The funds […]
Central government extends emergency power regime till March due to increased demand
With power shortages running into September, the Centre has extended the emergency regime till March — that makes it mandatory for thermal power plants to run at full capacity to the extent of importing coal for this purpose. However, the power ministry has said thermal power plants can import 4 per cent of their coal […]
BMW unveils ‘Neue Klasse’, CEO Oliver Zipse says electric cars as profitable as petrol and diesel cars
German car manufacturer BMW makes the same profit from its electric vehicles as from its petrol and diesel vehicles, Oliver Zipse, the automaker’s boss, said on Saturday as he presented the new generation of electAlthough producing electric cars is more expensive, the costs are offset by the higher prices that customers are willing to pay. […]
Meet Nigar Shaji from Tamil Nadu’s Tenkasi, Aditya-L1 solar mission project director
Aditya L1’s flight towards the Sun on Saturday is the culmination of the hardwork of a number of people under its Project Director Nigar Shaji. With 35 years of service in ISRO, Shaji has made illustrious contributions to the Indian Remote Sensing, communication and interplanetary satellite programmes at various responsibilities, sources in the space agency […]
India’s first solar observatory mission Aditya-L1 takes off to study the sun, salute to U.R. Rao
India’s Aditya-L1 spacecraft launched on Saturday to study the Sun evolved from an idea for a single-instrument satellite into a full-fledged solar observatory through exhortations over 12 years ago by a late space scientist active in his 80s. The late professor U.R. Rao, a former chairman of the Indian Space Research Organisation (Isro), played a […]
Registration for ‘Gruha Jyoti’ scheme to avail free electricity postponed to June 18 in Karnataka
The registration for the Gruha Jyoti scheme to avail free electricity for domestic purposes up to 200 units, that was supposed to start from Thursday has been postponed to June 18, the Karnataka government said on Wednesday. In a statement, the Energy Department said the registration is set to start from June 18. It said […]
Japan’s Toyota announces battery electric vehicle initiatives
Toyota plans to make an all solid-state battery as part of its ambitious plans for battery electric vehicles, the company said Tuesday, amid mounting criticism Japan’s top automaker needs to do more to fight climate change. Toyota Motor Corp. aims for a commercial solid-state battery as soon as 2027. Charging time, one of the main […]
Adani Group’s wind power project in Sri Lanka to be ready by December 2024: Energy minister Kanchana Wijesekara
The renewable energy project to generate 500 MW in Sri Lanka’s north and eastern regions undertaken by India’s Adani Group will be completed by December next year, Energy Minister Kanchana Wijesekara has said. Sharing the progress of the project, Wijesekara on Monday wrote on Twitter, “Progress of the 500 MW Renewable Energy Project in Mannar […]