Weekend Roundup: Itochu launches $2 billion RE fund, Mercedes says China central to coming EV campaign

Japan's Itochu Corp announced the company will invest around $2 billion in renewable power assets in Canada and the US through Overland Capital Partners, a fund set up in partnersh... Read More

If you are not investing in India’s energy sector, you are losing out: R K Singh

India's energy sector is booming and if you are not investing in it, you are losing out, said R K Singh, the Union Minister of Power, and New and Renewable Energy speaking at the&n... Read More

Daily Shorts: Vattenfall abandons UK offshore wind project, Air Canada eyes greener fuels and more

Sweden's Vattenfall said it would cease development of a 1.4 gigawatt GW wind farm off the coast of Britain, taking a hit of $537 million on earnings. The Norfolk Boreas offshore w... Read More

Asia bulks up on gas to strengthen energy security

Asian governments have become wary of a rise in gas prices and are building infrastructure to increase buffer stocks, a review by Reuters shows. The move follows last year's price ... Read More

Daily Shorts: US offers India cheap capital for clean energy, European solar output jumps on heatwave, and more

India and the US agreed to work together on climate goals and energy transition. US Treasury Secretary Janet Yellen met India's Finance Minister Nirmala Sitharaman and announced pl... Read More

Completion of critical mineral projects will ensure enough supply to meet global climate pledges: IEA

The global market for critical minerals such as lithium, cobalt, nickel and copper has doubled in the last five years, but the world will have enough supply to meet national climat... Read More

FREYR's Giga Arctic project gets fresh infusion of €100 million

Battery manufacturing company, FREYR Battery (FREYR) on Thursday announced it has been awarded a €100 million grant from the European Union ("EU") to support development of FR... Read More

European Council gives nod to law regulating batteries and waste batteries

The European Council earlier this week adopted a new regulation aimed at promoting circular economy and strengthening sustainability rules for batteries and waste batteri... Read More

Closing the Loop: EVE Energy teams up with Li-Cycle for tackling battery waste

Leading lithium-ion battery cell manufacturer, EVE Energy Co. Ltd. (EVE or EVE Energy) has partnered with Li-Cycle Holdings Corp. (Li-Cycle) to tackle lithium-ion battery waste and... Read More

Foxconn scouts for semiconductor partner after exiting Vedanta JV

Foxconn plans to apply for subsidies under India's semiconductor manufacturing subsidy scheme, the company announced, after exiting a $19.5 billion joint venture with Vedanta. The ... Read More

SMEV India suspends constitution, seeks revamp under new head

The Society of Manufacturers of Electric Vehicles (SMEV), a lobby of Indian electric-vehicle makers, announced it has suspended its constitution and gone into voluntary hibernation... Read More

Govt. keen to partner with the industry for developing green hydrogen ecosystem: R K Singh

The government will partner with the industry for developing technology for fuel cells, hydrogen storage and other technologies needed for developing a green hydrogen ecosystem in ... Read More

Stellantis, LG Energy resume Canada battery plant after receiving sweeteners

A Stellantis-LG Energy Solution combine that is setting up a battery plant in Canada announced it would resume construction after the country increased subsidies for the project. T... Read More

Indian PSU scouts lithium blocks in Latin America, in advanced talks with Argentina: report

The Government of India is in advanced talks with Argentina to acquire "multiple lithium blocks" in the country, as part of its strategy to secure critical minerals, according to a... Read More

Italy increases RE targets, says 65 percent of power from clean sources by 2030

Italy has increased renewable energy targets for the decade, adding to the targets the country made public three years ago, although the statement issued did not explain how the hi... Read More

World Bank approves ₹12,300 crore for India's low-carbon energy sector

The World Bank announced it had approved just above ₹12,300 crore to accelerate the development of low-carbon energy technology in India. In a statement, the bank said its funding ... Read More

IRENA urges world to look beyond sun and wind to biofuels, hydropower and geothermal energy

The world's energy transition is currently "off-track", the International Renewable Energy Agency (IRENA) warned in its 2023 outlook, even as it sought to funnel renewable energy i... Read More

India unveils new, solar-centered electricity tariff from April 2024, says carbon market rules soon

India plans to rework electricity rates as part of the government's efforts to increase the use of renewable energy, the power ministry said, unveiling new amendments to electricit... Read More

America extends biofuel blends in fuel, but leaves ethanol makers disgruntled

America has increased the amount of biofuels that oil companies must blend into fuels over the next three years, as part of the country's renewable fuel standard (RFS) program. The... Read More

EU lawmakers back law regulating batteries and waste batteries

The European Union's (EU) lawmaking body, European Parliament has approved new rules for the design, production, and waste management of all types of batteries sold in the EU. With... Read More

Coal plays spoiler in EU clean power deal

Chart Europe's plans for a clean energy pact appeared to stall on Monday after a late proposal to allow governments to extend subsidies to coal-fired power plants. Energy ministers... Read More

US govt proposes 80 percent cut in solar, wind project fees on federal land

The US government is proposing to make wind and solar installations cheaper as part of its plans to boost renewable energy and fight climate change. The Biden administration has pr... Read More

Macron to meet Musk again as France pushes for Tesla gigafactory

France's President Emmanuel Macron is meeting Tesla CEO Elon Musk for the second time in a month on Friday, as he looks to promote the country for Tesla investments. "I'm going int... Read More

Chile, EU to co-operate on lithium projects

Chile and the European Union have agreed to develop value-added lithium projects in the South American nation, and the parties will sign a memorandum of understanding soon, Europea... Read More

Global solar and wind capacity needs 5x jump to 10 TW by 2030, says Climate Analytics

Global solar and wind capacity needs to touch 10 terawatts (TW) by 2030 from 2 TW now if the world is to avoid a climate cliff, according to Climate Analytics. The report by the cl... Read More

Is Tesla's charging port set to be new standard?

Tesla's charging connector for electric vehicles – dubbed North American Charging Standard (NACS) – is set to be the new industry standard, it looks. On Monday in USA, three EV cha... Read More

World Bank president says private funds should aid energy transition

The World Bank's newly-appointed president Ajay Banga has lauded improvements in the renewable fuels space, and said private investment could help countries transition to clea... Read More

US Act makes RE components cheaper than imports, adds 4 mn jobs: Study

Made-in-USA wind- and solar-power components could soon prove cheaper than imports, helping add 4 million new jobs in the country's renewables sector, according to a report by rese... Read More

At Bonn UNCCC, COP28 President calls for 'just' and 'balanced' energy transition, voice for Global South

COP28 President Dr Sultan Al Jaber has called for a "just" and "balanced" energy transition "that leaves no one behind", and emphasized the need to listen to all voices in the clim... Read More

New York power grid under strain due to slow addition of renewables capacity, warns operator

New York's power grid is straining from the state's rapid electrification and slow transition to renewables, its grid operator New York Independent System Operator (NYISO) warned i... Read More
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