Jigar Shah is living an investor’s dream, one with more strings attached than a symphony orchestra. Shah has $400 billion of government funds to pour into businesses touting green-energy projects. But he has to do it under the eye of critical lawmakers, cautious bureaucrats and the White House, which has already clashed with him on … Read more
Development of a nuclear fusion reactor is the Holy Grail of clean energy that scientists have been striving to find for decades. So reports about scientists at California-based Lawrence Livermore National Laboratory (LLNL) achieving a “net energy gain” from an experimental fusion reactor signal a game changer. That’s because, for the first time, a fusion … Read more
M&M is diluting 30% stake in it’s renewable business to Ontario Teachers’ Pension Plan Board (Ontario), a global major investor with net assets ~ Canadian$ 242.5 bn. Key points to note – Stake dilution is of a step down wholly owned subsidiary of M&M, Mahindra Susten Private Limited (MSPL) MSPL is Mahindra Group’s renewable energy … Read more
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
Union Rural Development and Panchayati Raj Minister Giriraj Singh Sunday said the Union government under the leadership of Prime Minister Narendra Modi government has set an ambitious target of meeting half of its energy needs from renewable resources by 2030 and reach the net zero-emission levels by 2070. Addressing a Conference of Panchayats-2022 at Indira … Read more
Borosil Renewables Ltd (BRL) is currently in the process of quadrupling it’s production capacity to about 2000 tonnes per day (TPD) over the next couple of years. The Company has now announced 100% acquisition of Interfloat Group, Europe’s largest manufacturer of solar glass. Key points to note – Interfloat Group comprises of two entities – … Read more
Global credit rating agency S&P Global Ratings on Monday said the Indian renewable energy sector will be highly leveraged owing to the growth opportunities. In its new report “India Renewables: Growth Trumps Deleveraging” S&P Global Ratings said the multi-decade growth opportunities for renewable energy in India will result in persistently high leverage across the sector. … Read more
The Reserve Bank of India (RBI) has categorised renewable energy sector under priority sector lending for loans up to a limit of ₹30 crore. In a report on the financial constraints in renewable energy sector tabled in Parliament, the committee has said that the ministry of new and renewable energy informed the panel that the … Read more
Indian conglomerate Reliance Industries, South Korea’s Hyundai Motor Co and automaker Mahindra & Mahindra are among companies that have submitted bids under the country’s Rs 18,000-crore billion battery scheme, two sources told Reuters. India last year finalised an incentive program to encourage companies to invest in the local manufacturing of batteries as it looks to … Read more