Amara Raja Wins 100 MW Solar Project in Bangladesh Valued at $130 Mn

An arm of Amara Raja Group, Amara Raja Infra Private Limited (ARIPL), has won a 100 MW solar power project in Bangladesh. The value of the project is pegged at $130 million. As per the contract, the firm will look into the Engineering, Design, Supply, Installation, and Commissioning of the project, which is to be […]

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Italy to Welcome Enel Green’s Solar Panel Gigafactory

Enel has entered into a financing agreement with a pan-European commercial banking group UniCredit to pave the way for the finance of the expansion of a solar panel factory in Catania, Sicily, Italy.  Investment, worth €560 million (US$600 million), will aid the development of the Italian PV Gigafactory (Tango). This is an industrial-scale manufacturing plant […]

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Ola Electric Set To Launch Its First Electric Car by 2024

Ola Electric has announced last Monday that it is set to launch its first electric car by 2024. The company, which had trouble with deliveries of its electric scooters after making its exact one-year debut into the market, has set an ambitious goal of selling 10 lakh electric cars by 2026–2027. Ola founder and CEO […]

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Ola Electric Invests in ‘Extreme Fast’ Charging Firm StoreDot

Bengaluru based Ola Electric has invested an undisclosed amount in Israeli start up StoreDot, a battery technology company that promises “extreme-fast charging” batteries for electric vehicles (EV). Ola electric called the investment strategic in nature, without disclosing the amount invested. StoreDot, in its last funding round of $60 million, had reportedly been valued at $1.5 […]

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Carbon to Launch 5GW Photovoltaic Gigafactory in France

Solar sector company Carbon has declared that it plans to build a 5-GW solar panel factory in France by 2025. The industrial start-up has also said that it hopes to triple production capacity to 15 GW by the end of this decade. As per the company, the Gigafactory project is expected to create more than […]

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Chennai-Based Lucas TVS Plans 10 GWh Battery Gigafactory in Tamil Nadu

Lucas TVS, the Chennai-based auto components major that is part of the TVS group has signed an agreement with 24M’s advanced ‘SemiSolid’ electrode technology. 24M has built its reputation on the promise of a lithium-ion battery manufacturing process that is more modular, efficient and low cost. Spun out of MIT, it already has partnerships with […]

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Tesla to install 70MW solar farm to power its Gigafactory in Nevada: Report

Tesla is planning to install 70MW solar farm in a bid to reduce Gigafactory’s dependency on fossil fuel and meet the power needed by the facility Tesla is reportedly planning to power its Gigafactory in Nevada with a 70MW solar farm. Electrek citing a company investor relations document reports that the 70-megawatt solar array installation […]

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