US Prez Joe Biden’s $400 billion man

Jigar Shah is living an investor’s dream, one with more strings attached than a symphony orchestra. Shah has $400 billion of government funds to pour into businesses touting green-energy projects. But he has to do it under the eye of critical lawmakers, cautious bureaucrats and the White House, which has already clashed with him on … Read more

Govt intervention creates uncertainty for IEX

India’s power ministry has requested the Central Electricity Regulatory Authority to initiate the process of coupling the country’s three power exchanges; Indian Energy Exchange (IEX), Power Exchange of India (PXIL) and Hindustan Power Exchange (HPX). to ensure a uniformity in price discovery of energy at trading platforms. this is expected to translate into better transparency, … Read more

Promoters divest 6% stake in Kalpataru Projects

The shares were disposed of in the range of Rs 485.06-485.75, taking the transaction value to around Rs 468 cr. The sellers included – Parag Mofatraj Munot (Promoter) and the two promoter group entities — Kalpataru Constructions Pvt Ltd and Kalpataru Viniyog LLP Post this, the total promoter group’s shareholding in Kalpataru Projects International (KPIL) … Read more

Elon Musk Announces Plans for New Factory Making Megapacks in China

Elon Musk announced plans Sunday for a new battery factory in Shanghai during a visit there. The factory will make large-scale energy-storage units called Megapacks, Xinhua reported. Elon Musk revealed plans to build a new battery factory during a visit to Shanghai Sunday, China’s official Xinhua news agency reported. Tesla’s new project, which was officially … Read more

How fusion breakthrough at US lab can clean up our air

Development of a nuclear fusion reactor is the Holy Grail of clean energy that scientists have been striving to find for decades. So reports about scientists at California-based Lawrence Livermore National Laboratory (LLNL) achieving a “net energy gain” from an experimental fusion reactor signal a game changer. That’s because, for the first time, a fusion … Read more

JSW Energy acquires 1.75 GW Renewable Energy Assets

JSW Energy last year had demerged it’s green business into a separate wholly owned subsidiary JSW Energy Neo. The step was keeping in line with group’s increased focus on the renewables (like everyone else). JSW had announced aggressive expansion plans – From 4.8 GW of current capacity to 10 GW by 2025 Currently 2/3 rd … Read more