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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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DGTR Will Continue Anti-Dumping Duty On Chinese EVA Backsheets

The Directorate General of Trade Remedies (DGTR) has recommended extending the anti-dumping duty on the import of Ethylene Vinyl Acetate (EVA) backsheets from China for an additional five years. A recent DGTR investigation revealed that EVA backsheets are still being exported to India at prices below their normal value. And this, according to DGTR, is […]

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EVIFY Raises $1.3 Million From Piper Serica Angel Fund

EVIFY, a Surat-based Electric Vehicle (EV) logistics startup, has announced that it raised $1.3 million in funding in a ‘Pre-Series A’ round led by venture capital firms GVFL and Piper Serica Angel Fund. Existing investors, ‘We Founder Circle’ and ‘IVY Growth’, along with a few angel investors, also participated in the round.  The startup, EVIFY […]

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Jakson Infra Commissions 500MVA Project At PGCIL Bikaner-II Substation

Jakson Infra, an energy transition platform backed by the Infrastructure and Renewables powerhouse, Jakson Group recently claimed to reach another milestone. The company mentioned that it has successfully commissioned a 500MVA 400/220 power connection with interconnecting Transformer (ICT-1) and its associated bays at the Power Grid Corporation of India (PGCIL) Bikaner-II Substation, on 1 Jan […]

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VinFast Will Invest $2 Billion For Tamil Nadu Integrated EV Plant

VinFast, the prominent electric vehicle (EV) manufacturer in Vietnam, has unveiled plans to establish an electric vehicle plant in the coastal town of Thoothukudi in southern Tamil Nadu, with a substantial investment totaling $2 billion. This announcement coincides with the ongoing Tamil Nadu Global Investors Meet in Chennai. In an official statement, VinFast declared its […]

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Top 12 Trends Of 2023 That Created Ripples In Indian Renewable Sector

For India, forming a backdrop to the whole year was the softening in global module prices, continuation of ALMM exemptions, and of course, the noise around carbon credits and green hydrogen. Which events actually made an impact? Which ones stood out and are most likely to make a real impact, and soon? We present below […]

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Use Of Critical Mineral In Electric Vehicles Can Enhance Battery Life: IEA

The International Energy Agency (IEA) released a report analyzing the use of critical minerals in electric vehicles and found the use of critical minerals important in improving transparency in the supply chain.It mentions that to make the supply chain of critical minerals transparent, it requires that the companies that manufacture them purchase clean energy technologies. […]

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Waaree Renewable Collaborates With 5B Industries To Boost Utility-Scale PV Projects

Indian Solar EPC company--Waaree Renewable Technologies Limited announced a Long Form Heads of Agreement (LFHOA) with 5B Industries PTY LTD, an innovative solar solution company to accelerate the deployment of utility-grade solar power locally in India as well as in international markets with a US-compliant supply chain.  The collaboration is likely to open avenues for […]

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LG Chem Rides IRA Benefits to Set Up Largest Cathode Materials Plant in US

LG Chem has commenced the construction of a cathode plant in the U.S., intending to establish a production hub for the global battery material market. The facility, located in Montgomery County, Clarksville, Tennessee, will locally produce cathode materials optimized for North American electric vehicles (EVs) and collaborate with key partners from development to supply chain. […]

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