Bengaluru: As temperatures in more than half of Karnataka crossed the 40-degrees Celsius mark in April, the state guzzled 10% more energy in the first half of this month compared to the same period last year. Last year, the state had consumed about 4.3 billion units during the first half of April, considered to be […]
Category: Power
Power
Indian EV component mkt projected to exceed 150k cr by 2030, says ICRA
Chennai: The Indian e-two wheeler component market potential is projected to exceed Rs 1,00,000 crore by 2030, while the e-passenger vehicle component is expected to clock another Rs 50,000 crore at least, in terms of revenue potential for ancillaries, said credit rating agency ICRA. Demand for EV batteries in India (for domestic sales) is projected […]
EV loans to chargers: Oz fin co Macquarie to invest $1.5bn
Mumbai: Australian financial services giant Macquarie will build electric vehicle charging stations, extend e-vehicle loans, provide fleet management services and offer scrapping solutions. It will foray into these areas through its just launched e-mobility platform called Vertelo. This platform, unique to Macquarie India, which is more known as an M&A adviser, plans to invest $1.5 […]
Karnataka, Gujarat surpass Maharashtra for effective integration of green energy in power sector
MUMBAI: Karnataka and Gujarat have surpassed Maharashtra for effective integration of renewable energy sources in power sector, thereby showcasing strong strides in decarbonisation. Maharashtra, on the other hand, missed out to be a top performer due to “low share in renewable energy consumption” among other factors, revealed a latest report released on Tuesday by Institute […]
EV loans to chargers: Oz financial company Macquarie to invest $1.5 billion
MUMBAI: Australian financial services giant Macquarie will build electric vehicle charging stations, extend e-vehicle loans, provide fleet management services and offer scrapping solutions. It will foray into these areas through its just launched e-mobility platform called Vertelo. This platform, unique to Macquarie India, which is more known as an M&A adviser, plans to invest $1.5 […]
Indian EV component market projected to exceed Rs 150,000 crore by 2030: ICRA
CHENNAI: The Indian e-two-wheeler component market potential is projected to exceed Rs 1,00,000 crore by 2030 while the e-passenger vehicle component is expected to clock another Rs 50,000 crore at least, in terms of revenue potential for ancillaries, said credit rating agency ICRA. Demand for EV batteries in India (for domestic sales) is projected to […]
Tata Power Solar Systems Limited to drive affordable and widespread solar rooftop adoption in residential segment
MUMBAI: Tata Power Solar Systems Limited, a wholly-owned subsidiary of Tata Power Renewable Energy Limited, announced its strategic partnership with Indian Bank to bolster the adoption of solar rooftop among residential consumers. The collaboration aims to facilitate financing solutions under the popular Pradhan Mantri Surya Ghar Muft Bijli Yojana scheme for installations up to 3 […]
Tesla moves forward with plan to build an energy-storage battery factory in China
BEIJING: American electric automaker Tesla’s plans to produce energy-storage batteries in China moved forward on Friday with a signing ceremony for the land acquisition in Shanghai, China’s state media said. Construction of the factory is scheduled to start early next year with production to come on line by the end of the year, the official […]
China’s power generators well prepared for surging winter demand
BEIJING: Ample heating fuel stocks from bumper production mean China may not need to ramp up imports of coal and natural gas to meet record power loads as a result of freezing weather which continues to grip the country. Domestic heating demand has risen across China, with many northern provinces rewriting records as temperatures plunged […]
Hyundai Motor to shut South Korean parts plants in pivot toward EVs
SEOUL: Hyundai Motor said on Thursday it plans to stop operations at two parts forging plants in South Korea next year as the automaker accelerates a shift away from petrol-powered cars. The plants in Ulsan, South Korea, which have been in operation since 1991 making engine parts, are expected to be closed in January and […]
Ola Electric first Indian EV maker to file for IPO
MUMBAI: Ola Electric Mobility, the Bhavish Aggarwal-led electric vehicle company, on Friday filed papers with Sebi to go public via an IPO that is estimated to be worth about Rs 10,000 crore. Ola Electric is the first EV company in India planning to go public. It would also be the first automobile company to go […]
Tata Motors to recharge EV fleet with 3 new cars
NEW DELHI: With an over 70% share of India’s nascent electric car market, Tata Motors is set to charge its zero-emission fleet with the launch of three green vehicles as it beefs up its portfolio to take on new challengers who plan to enter the market. Joining the green brigade will be the Curvv coupe, […]