New Delhi: Sustainable or ESG (environmental, social, and governance) fosussed mutual funds, which are in a nascent stage in India, have seen their asset base declining by Rs 2,020 crore in fiscal 2022-23 even as experts hope such funds will attract greater attention in coming years. ESG investing is gaining traction globally, and India is […]
Investors argue Musk should repay $9.4 bln to Tesla for SolarCity deal – EQ Mag Pro
The investors said a “simple and practical” way to undo the benefits they say Musk improperly received from the $2.6 billion deal for SolarCity would be to order the chief executive to return the Tesla shares he received for his stock in the rooftop solar company. A Delaware judge should order Elon Musk to repay […]
Investors with $4 trillion assets aim to tackle Asian firms on climate change goals – EQ Mag Pro
Initial engagement will focus on carbon risk and coal at banks and coal-exposed power companies, the group of investors, facilitated by Singapore-based advisor Asia Research & Engagement (ARE), said in a statement. MELBOURNE : A group of six investors with a combined $4 trillion of assets under management, including Fidelity International, said on Wednesday it […]
Investors Lining Up for Hydrogen Subsidies in Chile
Chile plans to begin a competitive process within a month to award $50 million in subsidies for green-hydrogen projects as the biggest copper-producing nation strives to become carbon neutral. The Energy and Mining Ministry has identified about 40 projects in industries including mining and infrastructure and has received considerable interest from local and overseas groups, […]
Solar lending company Loanpal raises $800 million
Renewable investment wave continues as solar lending company Loanpal raises $800 million Days after the billionaire investor Chamath Palihapitiya announced his involvement in the $1.3 billion acquisition of the solar and home improvement lending business Sunlight Financial, a collection of investors announced a nearly $1 billion cash infusion into Loanpal, another renewable energy and home […]
Chinese fund managers rush to capitalize on investors’ green fever
SHANGHAI: Chinese money managers are rushing to launch new energy funds, seeking to capitalize on investors’ green fever which has been fuelled by President Xi Jinping’s carbon neutrality pledge. China’s first photovoltaic industry exchange-traded fund (ETF), launched by Huatai-PineBridge Fund Management Co in December attracted hot demand, with assets under management jumping nearly six-fold in […]
Myanmar’s government makes life difficult for Western investors
In a speech last year, Aung San Suu Kyi, Myanmar’s president in all but name, laid out the many reforms her government had undertaken to attract foreign investors. In return, she went on, “we only ask our investors to ensure that their investments are responsible, by incorporating environmental, social and governance factors”. The subtext, although […]
Investors Pile into the Accelerating Electric Vehicle Market
NEW YORK : Since 2013, the sale of electric vehicles (EV) in the United States has grown by an average of 25% a year (http://nnw.fm/B2GRb), a stunning figure when compared to the anemic 1.4% overall growth of the US auto market over the same interim. Despite the stellar growth rate, EV sales only account for […]
Span Raises $10M to Scale Up Deployments of Smart Electrical Panels
Led by a Tesla alum, the California startup looks to tap growing demand for solar and storage in key markets of California and Hawaii. Span.IO, the San Francisco-based startup that makes a smart home electrical panel that can track and control behind-the-meter batteries, rooftop solar inverters, EV chargers and other key household loads via smartphone, […]
Move underway to purchase power from solar mini-grids to save investors
The government has initiated a move to purchase electricity from solar mini-grid power projects to save investors from financial losses they have been suffering for the expansion of the national grid in off-grid project areas. According to official sources, the Power Division has recently made a decision in this regard and sent a proposal to […]