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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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Altris, Clarios Announce Collaboration To Boost Sodium-Ion Battery Technology

Low-voltage battery solutions company Clarios and sodium-ion technology firm Altris announced the creation of an innovative partnership to develop low-voltage sodium-ion batteries for the automotive industry. Every vehicle, including hybrid and electric vehicles, requires a low-voltage energy source to power critical systems and functions. As hybrid and electric vehicles continue to evolve, a joint statement […]

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Arctech Signs Pact With Alpon Energy To Boost Presence In Turkey

Global solar tracking and BIPV solution provider company–Arctech entered into a strategic partnership agreement with Alpon Energy in Istanbul, Turkey. This successful agreement marks the expansion of Arctech’s footprint in Turkey. Alpon Energy is a Turkish company with over eight years of expertise in solar energy EPC works and single-axis solar tracking systems. The partnership […]

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Serentica Renewables In INR 3500 Cr Debt Deal For Its 530 MW RTC Project

Serentica Renewables, which has quickly emerged as a leading C&I focused renewable energy developer in India within 2 years, announced the signing of its first international and commercial bank foreign currency loan worth INR 3500 crores (US$425 million) for its Round-The-Clock renewable energy project in India. The transaction brings together a consortium of three international […]

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Germany’s Renewable Energy Generation Witnesses 5% Rise YoY

The Bundesnetzagentur, a German energy regulatory office published its electricity market data for 2023. In mentioned an increase in share of renewable energy generation in 2023, especially in the market share of the grid load. It estimated that the electricity generated from renewable sources stood at 55.0 percent, a rise from 48.42% in 2022. It […]

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MNRE Increases Subsidy For New Residential Solar Rooftop Consumers

The Ministry of New and Renewable Energy (MNRE) announced an increase in the Central Financial Assistance (CFA) under the rooftop solar scheme (Phase-II) for different categories of residential consumers. The ministry said that the new rates will be applicable for projects undertaken either through the tender mode or through applications received through the National portal […]

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Emmvee Inks Pact With KPI Green To Supply 300MWp Solar Modules

Solar module manufacturer Emmvee Photovoltaic Power today announced a landmark supply agreement to deliver 300MWp of Bifacial Mono-PERC Solar panels to KPI Green Energy Ltd. This order, destined for a 240-megawatt solar plant in Gujarat, underscores Emmvee’s robust position in the solar energy sector, it said. Currently, Emmvee boasts a module manufacturing capacity of 3 […]

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Hyundai Motor, Kia to Develop Technology For Hydrogen Fuel Cells

Hyundai Motor Company (Hyundai Motor), Kia Corporation (Kia) and W. L. Gore & Associates (Gore) have signed an agreement at the Mabuk Eco-Friendly R&D Center, Korea, to collaborate on the development of advanced polymer electrolyte membrane (PEM) for hydrogen fuel cell systems. The joint effort between the parties will encompass key aspects of PEM development. […]

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Ola Electric Is Numero Uno Electric Seller In 2023.

Society of Manufacturers of Electric Vehicle (SMEV) in its data for FY 2023-2024, revealed that Ola Electric has captured the largest market share of 33% in FY 23-24. It’s an increase of 12% from 21% in 2023..   Up till FY22, Hero electric held a market share of 27% which means that it share dropped by […]

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