In Short : Serentica aims to inject investments totaling Rs 30,000 crore into various ventures by the fiscal year 2027, marking a significant commitment to growth and expansion In Detail : Serentica Renewables, part of Vedanta Group, is looking to invest up to `30,000 crore by FY27 in its projects, including the existing ones. “Looking ahead, […]
UAE interested to invest in Pakistan’s renewable energy projects: President-designate COP-28 – EQ Mag
ISLAMABAD, Pakistan : Dr. Sultan Ahmed Al Jaber; President-Designate for the 28th Conference of the Parties (COP-28) and United Arab Emirates’ (UAE) Special Envoy for Climate Change, the Minister for Industries and Technologies, the Managing Director and CEO of ADNOC, and the Chairman MASDAR; visited Pakistan on July 06, 2023. During the visit, Dr. Sultan […]
Mumbai: ReNew Power Shows Interest To Invest ₹18,000 Crore In Nagpur – EQ Mag
When commissioned, the plant will usher in a new change in Vidarbha region and will become the solar backbone of the country. ReNew Power, a Nasdaq listed Global Renewable Energy company, has expressed interest to invest $2.2 billion (₹18,000 crore ) to set up one of the largest metallurgical grade silicon, polysilicon and ingot-wafer manufacturing […]
Norwegian Climate Investment Fund to invest in Indian wind power plant – EQ Mag
The largest pension company in Norway, KLP, and the Norwegian Climate Investment fund, run by Norfund, have pledged ownership and guarantees for a 168 MW wind farm being built by Enel Green Power in India. Over 59 GW of installed renewable capacity are operated by Enel Green Power, a subsidiary of the Enel Group created […]
BPCL to invest Rs 52, 731 crore in expanding capacities – EQ Mag
The ethylene cracker project at Bina Refinery, which includes downstream petrochemical plants and refinery expansion, has been authorised by the board of the state-owned Bharat Petroleum Corporation Ltd (BPCL), according to the firm. The Ethylene Cracker Project, which will power the manufacturing of necessary petrochemicals, is the mainstay of the expansion initiatives. The project includes […]
Shangji to Invest in New Plant for Manufacturing PV Modules – EQ Mag
Shangji Automation recently announced its plan to build a new plant for manufacturing PV modules in the economic development zone of Jiangyin, a county-level city administered by Wuxi in China’s Jiangsu Province. The total investment in this project is estimated to be around RMB 5 billion. The development of the entire plant will be carried […]
IberBlue Wind to invest $4.36 bln in Portugal-Spain offshore wind – EQ Mag
LISBON : Irish-Spanish consortium IberBlue Wind plans to invest more than 4 billion euros ($4.36 billion) in two wind farms off the Atlantic coasts of Portugal and Spain, it said on Tuesday. IberBlue said in a statement it aimed to create a combined installed capacity of 1.96 gigawatts (GW), enough to supply electricity to over […]
Albemarle to invest over $1 bln in lithium plant as EV battery demand grows – EQ Mag
Albemarle Corp said on Wednesday it would invest at least $1.3 billion in its new lithium hydroxide plant in Chester County, South Carolina, to help meet growing demand for batteries that power electric vehicles. Lithium prices have surged over the past year with automakers seeking fresh supplies of the battery metal as they build out […]
Hero Future Energies to invest Rs 30,000 cr in renewable energy in Andhra Pradesh – EQ Mag
The MoU, signed on the sidelines of the Andhra Pradesh Global Investors Summit 2023, states that Hero Future Energies plans to invest a sum of Rs. 30000 Crores to set up RE facilities Solar Wind for CI customers, Utility projects and Green hydrogen Derivatives in state of AP, over the next three to five years. […]
DAO EVTech aims to invest Rs 100 crore in Tamil Nadu – EQ Mag
The company also aims to hire 2000 individuals before 2025. DAO EVTech, a smart electric mobility manufacturing startup with a Make In India focus, has proposed to invest Rs 100 crore in Tamil Nadu. Dr. Michael Liu, Chairman and CEO of DAO EVTech, stated that the “Tamil Nadu market is crucial to any EV two-wheeler […]