Weekend Roundup: Oil India's clean energy spends, PetroChina buys EV charging company, and more

The Summit Group of Bangladesh announced it would invest $3 billion in solar, wind and hydroelectricity generation projects across the subcontinent as part of its clean energy push... Read More

Indian Cabinet eyes LCoS of ₹5.50-6.60 per kWh with viability gap funding for BESS

India has approved a scheme for Viability Gap Funding (VGF) for development of Battery Energy Storage Systems (BESS) in an attempt to reduce the cost of energy storage for pow... Read More

Daily Roundup: Opel plans EV at half the average price, Petrobras eyes biofuel refinery in Brazil

Stellantis-owned marque Opel plans to offer an EV for about €25,000 from around 2026, the company's CEO Florian Huettl said. That's less than half the current average price for an ... Read More

Weekend Roundup: EU may ask COP28 to phase out oil & coal, Italy gets 16 MTPA carbon storage capacity, and more

The EU could push for a global deal to phase out fossil fuels at COP28, a review of the bloc's draft negotiating position shows. Almost 200 countries are expected to attend the cli... Read More

India notifies National Framework for Promoting Energy Storage Systems

The Union power ministry has released the finalized National Framework for Promoting Energy Storage Systems, bringing cheer to the industry as well as forums such as the India Ener... Read More

Daily Shorts: US offers $12 bn to retool car plants for EVs, Tesla reverses China price war

The US government is offering auto companies and component suppliers $12 billion in grants and loans so they can retrofit their plants to produce electric vehicles. US Energy Secre... Read More

Daily Shorts: Tesla range under scanner, Canada clears four wind farms to drive green hydrogen plants

Tesla is under the scanner of US authorities over vehicle range claims, media reports indicate. The Wall Street Journal reported federal prosecutors are looking into the company's ... Read More

'India on track for E20 rollout by 2025, will save ₹35,000 crore in import bills'

India is currently dispensing E20 fuel (petrol blended with 20 percent ethanol) at more than 3,300 stations across the country, and the same will be available pan-India by 2025, Un... Read More

ONGC to spend ₹2 lakh crore on clean energy projects

ONGC, India's largest oil company, will invest ₹2 lakh crore (just above $24 billion) on clean energy projects Chairman Arun Kumar Singh told the company's annual general meeting o... Read More

Daily Shorts: BYD profit triples, Indonesia's Aceh to get green hydrogen plant

Chinese EV powerhouse BYD said first-half profit tripled to $1.50 billion, as record deliveries helped the company retain the title of China's biggest-selling automotive brand. Dat... Read More

Middle East poised for clean revolution, RE capacity to hit 220 GW by 2030

The Middle East is primed for a 'clean revolution' with installed renewable energy capacity in the Middle East-North Africa (MENA) region set to grow from 40 GW in 2022 to 220 GW b... Read More

Weekend Roundup: India may put EVs in priority lending list, BYD buys Jabil's China mobility operations

India could include EVs under its priority sector lending category to make it cheaper for companies to raise funds, Reuters reported, citing an unidentified government official. Th... Read More

MHI appoints Engineers India Limited to monitor progress of ACC-PLI scheme beneficiaries

The Ministry of Heavy Industries (MHI), Government of India on Thursday (August 24) announced that it has appointed Engineers India Limited (EIL) as Independent Engineer ... Read More

Daily Shorts: Germany eyes geothermal, Malaysia readies EV champion

Germany plans to expand geothermal capacity 10 times by 2030, the country's chancellor said. Germany has some of Europe's biggest geothermal reserves, but has been slow to tap them... Read More

India defines green hydrogen: less than 2kg emissions for 1kg H2

The Indian government notified the country's green hydrogen standard over the weekend, outlining emission norms that must be met for hydrogen to be classified as 'green', or coming... Read More

Daily Shorts: Denmark to earmark $4B for CCS, Cargill tests wind powered ships

Denmark will earmark around $4 billion in aid to carbon capture storage (CCS) projects, the country's climate ministry announced. The grants will be disbursed over 15 years, but el... Read More

India will allow private sector to mine lithium, five other critical minerals

India has amended laws to allow private companies to prospect for six rare and critical minerals, including lithium, which were off limits until now, multiple news outlets reported... Read More

Canada's new rules eye Net Zero power grid by 2035

Canada has released draft clean electricity regulations aimed at creating a Net Zero power grid by 2035, but said the country would allow some use of fossil fuels. The proposals st... Read More

Weekend Roundup: India calls for green funds to emerging markets, Dubai picks Masdar for 1800 MW solar capacity

The chief of India's central bank has said there was an urgent need for increasing green funds to emerging markets. Making closing remarks at a G20 finance event, Reserve Bank of I... Read More

Daily Shorts: Germany boosts green fund, Morocco eyes 400 MW solar project

Morocco has launched a prequalification tender for a 400 MW solar project in the Atlas Mountains. The country's renewable energy agency Masen is seeking bidders to finance, build a... Read More

IESA, Telangana sign pact to boost state's energy storage sector

The India Energy Storage Alliance (IESA) and the Government of Telangana have signed a Memorandum of Understanding (MoU) to establish a strategic partnership aimed at promotin... Read More

What after FAME II? IEMC brings industry stakeholders together to discuss way forward

With the objective to ensure sustained growth of EV adoption in India, more than 80 EV industry players have gathered in New Delhi today to propose a holistic reconsideration of de... Read More

Weekend Roundup: Capital Energy puts 4.3 GW RE assets on the block, Sigma Lithium scouts for buyers, and more

Spanish renewable energy investor Capital Energy has put 4.3 gigawatts (GW) of wind and solar power plants for sale. The assets, all based in Spain, are estimated to fetch up to $1... Read More

Daily Shorts: Ford pivots to hybrids, First Solar announces $1.1 bn factory in US and more

Ford is pivoting to hybrids. CEO Jim Farley outlined a strategy under which the company will slow down its shift to electric vehicles and focus more on selling hybrids which run on... Read More

Insights into green hydrogen developments in India

Dr. Ranjith Pai, Clean Hydrogen Mission Program Officer & Scientist, Dept. of Science & Technology, Ministry of Science and Technology, Govt. of India, shares insights... Read More

Daily Shorts: US may tighten emissions for new gas plants, Nissan will pour $660 mn into Ampere EV

The US Environmental Protection Agency is considering new rules to cut nitrogen oxide emissions from new gas power plants, court documents showed. Under a planned settlement, the a... Read More

Canada becomes first G20 nation to detail wind-up of fossil fuel subsidies

Canada has released an assessment framework for eliminating fossil fuel subsidies, becoming the first member of the G20 to deliver on the grouping's 2009 announcement to undertake ... Read More

Daily Shorts: Vietnam EV maker heads to US, gas companies push for investments and more

Vietnamese automaker VinFast announced it will next week begin constructing a $4 billion electric vehicle factory in the US state of North Carolina, also home to Toyota's battery f... Read More

ACC-PLI: MHI holds stakeholder consultation for balance 20GWh capacity

The Ministry of Heavy Industries, Government of India on Monday concluded a stakeholder consultation regarding re-bidding of balance 20GWh (of 50GWh) Advanced Chemistry Cell (ACC) ... Read More

Daily Shorts: Indonesia rolls out red carpet for EV makers, Brazil's Eletrobras to buy 15 RE companies

Indonesia is in talks with Tesla and BYD and preparing a fresh set of incentives to attract the EV manufacturers, a government minister said. The incentives will be benchmarked aga... Read More
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