India approves first commercial BESS: 20 MW/ 40 MWh BESS at Kilokari sub-station, Delhi

India has approved its first commercial standalone Battery Energy Storage System (BESS) project, marking a milestone in the country's progress towards clean and renewable ener...

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Daily Shorts: France will explore Mongolia for lithium, US EV sales at record high, and more

France struck a deal with Mongolia to explore the country for lithium deposits. The French geological service will spend €400,000 to explore a potentially lithium-rich basin in the...

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Daily Shorts: Bridgepoint buys energy investment firm, Indonesia's PLN looks to shift from coal

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Asset fund manager Bridgepoint announced an agreement to buy energy investor Energy Capital Partners for $1.05 billion, and said the deal would be accretive to profit from day of c...

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IRENA launches report on low-cost energy transition finance at G20

In partnership with the Indian G20 Presidency, The International Renewable Energy Agency (IRENA) has launched a comprehensive report on how low-cost finance can accelerat...

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IESW 2023: Taking a grip of emerging Technological megatrends

The first day of the on-going India Energy Storage Week 2023 at New Delhi was tight-packed with technical forums latest and emerging technological developments in ba...

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COP27: Hydrogen Day marked massive push for Green Hydrogen ecosystem

At the on-going 2022 United Nations Climate Change Conference (COP27) at Sharm El Sheikh, Egypt, November 8 turned out to be a 'hydrogen day' with a slew of sessions and announceme...

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Aramco sets up $1.5bn Sustainability Fund to support global energy transition

Saudi Arabian oil major Aramco has announced the creation of a $1.5 billion Sustainability Fund to invest in technology that can support a stable and inclusive energy transition. I...

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ADB assists VinFast with $135 million to support e-mobility in Vietnam

The Asian Development Bank (ADB) has mobilized a $135 million climate financing package for VinFast Trading and Production Joint Stock Company (VinFast) for manufacturing Vietnam's...

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Husk Power Systems obtains $6 million in debt-finance from EDFI ElectriFi for solar microgrids in India

Husk Power Systems has announced that it has secured $6 million in debt financing from EU-funded EDFI ElectriFI. The company plans to use the capital to build solar hybrid microgri...

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Cygni Energy secures $12.5 million for setting up EV battery mfg. facility

Energy storage startup Cygni Energy Pvt. Ltd has announced that it has secured $12.5 million (around Rs 97 crore) from Meridian Global Ventures and Indian Overseas Bank in a mix of...

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ReNew Power obtains $1 billion ECB loan for the single largest RE project in India

ReNew Power has announced that it has obtained around $1 billion, which is roughly ₹7,900 crore loan through the External Commercial Borrowings (ECB) route. It claims that this is ...

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Kinetic Green Energy, Chola join forces for EV financing

Electric vehicle manufacturer Kinetic Green Energy has announced its partnership with Chennai-based Murugappa Group's financial services arm Cholamandalam Investment and Finance Co...

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IRENA and OPEC partner to unlock investment in the energy transition

The International Renewable Energy Agency (IRENA) and the OPEC Fund for International Development (OPEC Fund) are ramping up efforts to advance renewable energy investment and enab...

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Ather Energy, SBI partner to provide hassle-free financing options for e-2Ws

Ather Energy has announced its partnership with the State Bank of India (SBI) to provide financing options with ease of purchase of EV two-wheeler for its customers. In the past ye...

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Ather Energy partners with HDFC and IDFC First Banks to provide easy financing options

Ather Energy has announced its partnership with HDFC and IDFC First banks to provide easy financing options to its consumers. The ever-evolving EV industry has witnessed significan...

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SBI, Tata Power partners for financing solar projects, unveils Surya Shakti Cell

To strengthen the existing financing arrangement for solar power projects, the State Bank of India (SBI) has announced that it has launched a dedicated centralized processing cell ...

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