Energy Transition

Global Solar Developer Lightsource BP Marks Entry into German Market

Global solar developer Lightsource BP has put a new local team in place in Berlin. With this, the solar developer has forayed into the German market. With its entry into Germany, the firm has expanded its European presence to ten countries. Germany has set itself the ambition of 215 GW of solar by 2030. Currently, […]

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Germany’s Consul General Says Germany Looking to Partner with K’taka on Renewable Energy

Achim Burkart, Consul General, German Consulate, Bengaluru, has said that Germany is looking for partnership with Karnataka. The country is eager to work with the Indian state on green and renewable energy projects. Burkart established that Karnataka boasts of the highest share of renewable energy mix. This fact makes it an ideal destination for exploring […]

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India Needs Rs 33,750 Cr To Set Up Li-ion Cell, Battery Mfg Plants: CEEW

Lithium is now a crucial element that would  drive the  world towards energy transition in a major way. In a recent study -‘How can India indigenise lithium-ion battery manufacturing?’ released by the Council on Energy, Environment and Water (CEEW) said that India needs investments to the tune of Rs 33,750 crore to achieve the government […]

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Navigating India’s Energy Transformation Through JETP Approach

Just Energy Transition Partnership (JETP) was first announced at the CoP26 and has since emerged as a key mechanism for multilateral financing by developed countries to support an energy transition in developing countries. JETPs provide a means for partner countries to work with climate finance donors and private sector investors on a clean, just energy […]

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Budgetary Allocation for Solar Sees Upward Thrust, But Wind Slumps

Finance Minister Nirmala Sitharaman has placed eminence on green growth in Budget 2023-24. Consequently, a slew of announcements and schemes have been announced. Off-grid and grid-connecting solar projects as well as PM-KUSUM has also see a major increase in budgetary allocation. An outlay of Rs 7327 crore has been approved towards the scheme for both […]

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Investment In Renewable Energy Matches Fossil Fuels in 2022 For First Time – BNEF

Investments in the renewable energy sector continue to power the energy transition underway, away from fossil fuels. As per a Bloomberg NEF (BNEF) report called  ‘Energy Transition Investment Trends 2023’, for the first time, global investment in low-carbon energy technologies worldwide was roughly equivalent to amount invested in fossil fuels. The amount of investment in […]

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ACME, Norfund Alliance for Renewable Energy In India

Gurugram headquartered renewable energy player ACME has collaborated with Norfund – the Norwegian investment fund – under which the two companies will invest together in renewable energy projects in India. Norfund is the manager of Norwegian Climate Investment Fund (NCIF) and it invests in developing countries. Manoj Upadhyay, Founder and Chairman, ACME Group, said, “I […]

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