Europe & UK

Europe & UK

Only Volkswagen, Volvo Doing Enough to Electrify in Europe: Study

June 17, 2021 Anand Gupta

Sales of battery electric vehicles and plug-in hybrids almost tripled last year, boosted by tighter emission standards and government subsidies. Among the major carmakers, Volkswagen and Volvo are doing enough to electrify their vehicle line-ups in Europe and the EU needs to set tougher CO2 emission limits if it wants to meet Green Deal targets, […]

Europe & UK

EQT Infrastructure Announces a Voluntary Takeover Bid For Solarpack, a Spanish Renewable Energy Developer and Owner of Solar Photovoltaic Plants

June 16, 2021 Anand Gupta

EQT Infrastructure announces a voluntary takeover bid for Solarpack, a developer and owner of solar photovoltaic plants, mainly active in Spain, Chile and India. EQT Infrastructure has signed irrevocable agreements with the Vendor Shareholders to sell their full stake of 50.957 percent in the context of the takeover bid Earlier today, Veleta BidCo S.à r.l., […]

Europe & UK

Ashok Leyland’s UK Subsidiary Acquires Indian EV Subsidiary

June 16, 2021 Anand Gupta

Hinduja group’s commercial vehicle major Ashok Leyland Ltd on Tuesday said its UK subsidiary Switch Mobility Ltd has acquired the entire stakes in its Indian subsidiary Switch Mobility Automotive Ltd. Hinduja group’s commercial vehicle major Ashok Leyland Ltd on Tuesday said its UK subsidiary Switch Mobility Ltd has acquired the entire stakes in its Indian […]

Europe & UK

Exclusive: German Battery Group BMZ Plans September IPO, Sources Say

June 15, 2021 Anand Gupta

BMZ is working with Citi, JP Morgan and Berenberg on the initial public offering (IPO), which will sell shares worth about 500 million euros, the sources said. FRANKFURT: German battery group BMZ is preparing for a Frankfurt stock market listing as early as September with a targeted valuation of about 2 billion euros ($2.4 billion), […]

India needs to de-risk private sector investments, develop suitable carbon pricing instrument- PwC

Europe & UK

EY-FICCI Identifies Over 600 ‘Shovel-Ready’ Low Carbon Investment Opportunities

June 12, 2021 Anand Gupta

The project pipeline has the potential to accelerate ~INR 2 Lakh crore of equity and ~INR 4 Lakh crore of project finance debt. More importantly support close to ~15 lakh fresh jobs in the immediate future New Delhi : EY in collaboration with FICCI, released a report today titled, “Accelerating post-pandemic economic recovery with clean […]

Snowy Hydro 2.0 More Expensive Than Battery Storage

Europe & UK

Greece to seek investors for 700 megawatt battery storage in autumn-minister

June 10, 2021 Anand Gupta

Energy Minister Kostas Skrekas said that Greece will launch a tender for storage batteries in autumn, budgeted at 200 million euros. ATHENS: Greece plans to invite investors to build batteries for renewable energy power, with a total storage capacity of 700 megawatt, later this year, the energy minister said late on Tuesday. Speaking at a […]

Europe & UK

City Climate Finance Gap Fund Approves Support For Six Cities

June 9, 2021 Anand Gupta

Free technical assistance for the preparation of early-stage climate action projects. Energy efficiency, renewable energy, sustainable mobility, waste management and water projects. The Gap Fund is supporting cities in developing and emerging economies The City Climate Finance Gap Fund (Gap Fund) announced today the second round of cities that will receive free technical assistance to […]

Europe & UK

EU Wants to Loosen State Aid Rules For Renewable Energy Projects

June 8, 2021 Anand Gupta

The EU executive said the revised rules would allow EU countries to introduce new aid instruments and projects in clean transport, energy efficiency in buildings and biodiversity could also be fully funded by EU countries. EU countries will have to consult all interested parties on subsidized projects as one of several safeguards to ensure that […]

Europe & UK

German Power Grids Brace For Thursday’s Solar Eclipse

June 8, 2021 Anand Gupta

The event will take place between 0920 GMT and 1140 GMT on Thursday in northern Europe, an Amprion background paper said. FRANKFURT : Electrical transmission networks in Germany are preparing for a solar eclipse this week that could trigger a sudden fall of around 1 gigawatt (GW) in solar power output, grid firm Amprion said […]

Europe & UK

Azerbaijan And BP Plan Solar Power Plant in Karabakh

June 5, 2021 Anand Gupta

The Ministry of Energy of the Republic of Azerbaijan and bp signed an Implementation Agreement on cooperation in the evaluation and implementation of a project to build a 240MW solar power plant in the Zangilan/Jabrayil region today. The signing of the document serves the establishment of a “green energy” zone in the liberated territories and […]