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

Image: Pexels

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...

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

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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...

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Daily Shorts: Maxeon Solar heads to US, Algonquin puts renewables biz on the block

Algonquin has 2.7 GW of wind and solar assets. Image: Pexels

Canadian power company Algonquin Power & Utilities announced it will put its renewables energy unit on the block and transition into a utility company. The company has wind and...

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Daily Shorts: China’s Li Auto to launch battery EV, Rivian declares it is financially fit

Image: New Fortress Energy

Rivian Automotive raised full-year production estimates to 52,000 vehicles and proclaimed it was financially stable, bringing some cheer to the troubled US EV sector. Rivian, backe...

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Daily Shorts: Proterra files Chapter 11, Baosteel to study 10 million metric ton carbon capture project

Proterra'a ZX5 busses have a range of 340 miles on a single charge. Image: Proterra

Electric-vehicle parts company Proterra, which makes e-buses and battery packs, has filed for Chapter 11 bankruptcy protection. CEO Gareth Joyce said in a statement that the compan...

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Weekend Roundup: World Bank to fund 1,000 mini grids in Nigeria, Alberta pauses green approvals

The World Bank will help fund 1,000 solar-based mini grids in Nigeria along with the country's government and private sector, President Ajay Banga said. The bank has funded 150 suc...

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Daily Shorts: Mexican governor eyes EV investment from Tatas, lithium miner tests new extraction process

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Samuel Garcia, governor of the northern Mexican state of Nuevo Leon, is meeting executives in India as part of his plans to attract EV investments in the state, Reuters reports. Te...

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Daily Shorts: Subaru ups EV sales target, VW eyes Leapmotor platform and more

Image: Subaru

Japan's Subaru announced it will target sales of 600,000 electric vehicles a year by 2030, or half the company's annual sales. The company also announced plans to invest $10.5 bill...

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Daily Shorts: Swiss town gets 100% RE capacity, Germany’s getting an 800 MW hydrogen power plant and more

RWE's hydrogen plant will use Ansaldo Energia’s GT36 turbine to generate power. Image: Ansaldo Energia

Switzerland has installed six wind turbines in the town of Sainte-Croix along its French border, giving it enough capacity to meet the town's energy needs through renewable sources...

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US proposes increasing mileage norms for ICE vehicles

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The US has proposed increasing fuel economy norms for automakers as part of the government's efforts to reduce fuel use and cut greenhouse gas emissions. The proposal, announced by...

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

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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...

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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...

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Seven carmakers unite to launch RE-fueled EV charging network in North America

Tesla's charging network could face its first formidable rival – or meet its first formidable ally – within a year. Seven automakers have come together to launch a charging network...

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

Streets of Houston, the most populous city in Texas. Image: Pexels

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...

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

Indonesia, which blends palm oil in diesel, has started blending bioethanol in petrol. Image: Pexels

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...

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

Mercedes' all-electric SUV, the EQE. Image: Mercedes Benz

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...

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

Air Canada has signed deals to test and manufacture SAF, a sustainable jet fuel. Image: Air Canada

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...

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Daily Shorts: China's Farizon raises $600 million, Musk says Tesla could deploy robots next year and more

Farizon, an electric and hybrid truck manufacturer owned by China's Geely, announced it had raised $600 million from investors led by Boyu Capital and Yuexiu Industrial Fund. The c...

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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...

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Weekend roundup: Tesla unveils Cybertruck, US launches $20 bn in cleantech grants, and more

Tesla built its first Cybertruck, an EV pickup model it showcased four years ago (where an engineer cracked its so-called 'armor' glass). The vehicle gives Tesla entry into one of ...

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DTE Energy to spend $11 bn in clean pivot, eyes 15,000 MW RE and 1,800 MW storage by 2042

Image for representational purpose only. Image: Pexels

DTE Energy, based in Detroit, Michigan, said it would retire its coal plants in less than a decade and invest up to $11 billion over the next 10 years transitioning to clean e...

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Another US EV company in trouble: Faraday Future to restate accounts

Faraday Future said the accounting errors would not affect deliveries of its FF 91 2.0 car. Image: FFIE

Faraday Future Intelligent Electric, a US electric vehicle developer, appointed a new financial chief and said it would restate financial statements for 2022 and the quarter ended ...

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US electric truck maker Lordstown files for bankruptcy, sues Foxconn for dues

Lordstown began manufacturing its Endurance electric pick-up trucks from September last year. Image: Lordstown

US electric truck maker Lordstown Motors said it has filed for bankruptcy protection after failing to receive a promised investment from Taiwan's Foxconn, maker of the iPhone. The ...

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Ford bags $9.2 bn loan for battery plants, but plans layoffs in ICE unit

Once ready, the plant in Tennessee (pictured) and two others in Kentucky will have a combined annual production capacity of 120 gigawatt hours. Image Courtesy: BlueOval SK

The US Department of Energy is lending $9.2 billion to a joint venture of between Ford and SK to help build three new battery plants in the US, it announced in a press release. The...

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

Most gasoline or petrol sold in the US contains 10 percent ethanol blended in. Image: Pexels

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...

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Chinese EV makers could storm West amid domestic slowdown

The price war in electric vehicles, currently underway in the West, could see powerful new entrants soon: Chinese firms. Saddled with capacity and slowing domestic demand, Chinese ...

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

The US land agency is currently processing 74 renewable energy and transmission applications with a combined potential of over 37 GW. Image: Pexels

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...

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

Tesla's NACS port is seamlessly integrated with the company's vehicles and charging infrastructure, but it's not clear how interoperability will play out for other carmakers. Image: Tesla

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...

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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...

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US DoE announces $46 million funding for nuclear fusion innovators

The US Department of Energy has announced $46 million in funding to eight companies involved in developing fusion power plants, as part of a government attempt to hold a pilot-scal...

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