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PM To Launch Solar, Other Projects In Chhattisgarh On Feb 24

PM Narendra Modi will launch a slew of solar and other energy-related projects worth Rs 34,400 crore in Chhattisgarh on February 24. The inauguration will take place during ‘Viksit Bharat Viksit Chhattisgarh’ programme on the same day. These projects will cater to several important sectors including roads, railways, coal, power, and solar energy among others. […]

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Solar Finance Startup Metafin Gets $5 Million Funding

Metafin, a leading cleantech-focused NBFC, has successfully raised $5 million in equity funding, led by Prime Venture Partners and Varanium Capital. This investment backs Metafin’s approach to accelerating rooftop solar adoption and financing in rural India. Metafin plans to utilize funds to expand across states, grow its loan book, enhance its technology and IoT stack, […]

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Battery Electric Cars Sales In EU Increase By 55%: Eurostat

Europe Union (EU) witnessed a rise in the sale of battery-only electric passenger cars in 2022 reveals the data shared by Eurostat, which is the statistical office of the European Union. It also showcased an increase in the number of battery-only electric passenger cars in the EU. It stated, “Battery-only electric passenger cars in the […]

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US Announces $104mn Investment Plan For New Net-Zero Facilities

The US Department of Energy (DOE) recently announced $104 million for energy conservation and clean energy projects at 31 Federal facilities. The latest step is part of President Biden’s strategy to re-establish the federal government as a sustainability leader. The funding announced by the President is part of the DOE’s Assisting Federal Facilities with Energy […]

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E-Fuel Blending In EVs Can Reduce Fossil Fuel Dependence By 2028: IEA Estimates

A recent report by International Energy Agency (IEA) found that a combination of electric vehicles (EVs) and biofuels is anticipated to significantly reduce global oil demand. It’s estimated to offset 4 million barrels of oil-equivalent per day by 2028, constituting over 7% of the predicted oil demand for transportation. The IEA report on E-fuel mentioned, […]

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14 Trends That Drove Change In RE Within 2023: IEA Analysis

The International Energy Agency (IEA) reviews 14 major trends that shaped 2023 and predicts future changes for energy sector in 2024. 1. 2023 Witnessed Change In Renewable Capacity Additions, driven by China’s solar PV market According to IEA , the global annual renewable capacity addition was expected to increase by almost 50% to nearly 510 […]

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UltraTech Introduces Five Electric Trucks For Clinker Transportation

For enabling ‘green mobility’, UltraTech Cement Limited, India’s cement and ready-mix concrete (RMC) company, has introduced five electric trucks. This would enable transportation of clinker from its integrated cement manufacturing unit in Dhar cement works, located in Madhya Pradesh, to its grinding unit Dhule cement works, located in Maharashtra. To ensure reliable transportation, UltraTech has […]

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EKA Mobility And GreenCell Mobility Collaborate To Supply 1000 EV Buses

EKA Mobility, one of the electric vehicles and technology company (with Mitsui Co., Ltd. & VDL Groep as equity partners), and GreenCell Mobility, a climate impact investor in electric mass mobility space, signed a Memorandum of Understanding (MoU). Through this collaboration, EKA Mobility will supply GreenCell Mobility with 1000 intercity electric buses in 12-meter and […]

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PM Launches Lakshadweep’s On-grid Solar Project With Battery Storage

Indian Prime Minister Narendra Modi inaugurated the first on-grid solar project with a Battery Energy Storage System (BESS) today in Lakshadweep. Developed by the Solar Energy Corporation of India (SECI), this initiative spans the islands of Kavaratti and Agatti, boasting a combined solar capacity of 1.7 MW and a sophisticated 1.4 MWh battery storage facility […]

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