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Electric Vehicles Market Share to Exceed 50% From 2033: Rystad

The share of electric vehicles in global passenger car sales is set to quadruple in 2026 from 4.6% last year and exceed 50% from 2033 onwards. The market penetration of electric vehicles (EVs) is increasing rapidly as a result of the accelerating energy transition, and demand for batteries is expected to skyrocket going forward for […]

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Siemens Gamesa and Repsol Agree to Install 120 MW Across 4 Wind Farms in Spain

Siemens Gamesa and Repsol have signed their first contract that will see the installation of wind turbines across four wind farms in Spain Siemens Gamesa and Spanish energy giant Repsol have signed their first contract together that will see the installation of 24 SG 5.0-145 wind turbines across four wind farms in Spain, with a […]

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Solis Seminar Episode 16: Leakage Current Failure

Background In the last episode of the Solis Seminar series we talked about how faults can occur during wet weather, in particular the importance of “PV Isolation Protection”. In this episode, we will discuss “leakage current failure” faults and cover possible causes as well as ways to prevent the issue. We will look at a […]

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Masdar Agrees to Expand Uzbekistan Wind Farm Capacity to 1.5 GW

Masdar has signed an agreement with the Government of Uzbekistan to extend the capacity of its utility-scale wind farm project up to 1.5 GW. Masdar, one of the world’s leading renewable energy companies, has signed an Implementation Agreement with the Government of the Republic of Uzbekistan to extend the capacity of its utility-scale wind farm […]

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Magenta Launches EV Charging Solution for Residential Complexes

A business unit of Magenta, which was set up solely to focus on the EV eco-system largely charging solutions Magenta ChargeGrid has come up with what it claims is a solution for large residential complexes under their product range – ‘ChargeGrid Prisma’. ChargeGrid Prisma is developed especially for solving the complex and multiple problems for […]

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ABB and Amazon Web Services Collab to Digitalize EV Fleet Management

The ABB Group and Amazon Web Services (AWS) have announced their partnership to develop a cloud-based digital solution for the real-time fleet management of Electric Vehicles (EVs). The solution will optimize the efficient use of EVs and speed up the electrification of transport fleets, helping operators worldwide maintain 100 percent business continuity as they transition […]

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Xiaomi to Enter EV Industry, to Invest $10 Billion Over 10 Years

Xiaomi Corporation has officially announced its plan to enter into the electric vehicle (EV) industry. The company has announced an investment of USD 10 billion in smart EVs over 10 years, escorting in the new Xiaomi. According to the Founder, Chairman, and CEO of Xiaomi, Lei Jun, the new business will be operated under a […]

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AAP’s ‘Switch Delhi’ Focuses On Sensitizing Youth, Enters Final Week of Campaign

AAP’s ‘Switch Delhi’ – eight weeks electric vehicle (EV) campaign has entered its final week and the Delhi government is endeavouring towards sensitising youth about the perks of EVs and Delhi EV policy in the final week of the campaign. Transport minister Kailash Gahlot termed Delhi’s EV policy as the “most progressive policy around the […]

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State NBFCs – PFC & REC Reduce Lending Rates by up to 2 Percentage Points

State-owned non-banking financial corporations Power Finance Corporation (PFC) and REC will reduce lending rates by up to two percentage points from April 1, 2021. “PFC and REC as group companies have been aligning operations to realise synergies. As part of such effort, PFC and REC have now decided together to reduce lending rates up to two percentage points,” PFC said in a statement. […]

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