In Short : Avaada Group has announced a major commitment to invest ₹1 lakh crore in Rajasthan to accelerate the state’s renewable energy sector. This investment will fund large-scale projects, including a 1.2 GW pumped hydro storage, a 1 MTPA green ammonia facility, 1 GW wind power, and 10 GW of solar power. These projects […]
LG Energy invests in Australian mining firm for lithium supply – EQ Mag
LGES said the two companies agreed to build up the partnership for the long haul, reports Yonhap news agency. SEOUL : LG Energy Solution Ltd. (LGES) said it has signed an investment agreement with an Australian lithium developer in an effort to bolster the sourcing of the critical mineral used in electric vehicle (EV) batteries. […]
ADB Ventures Invests in Selex to Expand Electric Two-Wheeler Usage in VietNam
HA NOI, VIET NAM : The Asian Development Bank’s (ADB) venture capital arm ADB Ventures has signed an agreement to invest in an electric two-wheeler vehicle (E2W) and battery pack manufacturer, Selex Smart Electric Vehicles JSC (Selex), to reduce carbon emissions in high-usage applications such as last-mile cargo and passenger transport in Viet Nam. The […]
Hon Hai Invests Over $1 Billion in Wisconsin Plant, Expands Use of Solar Energy – EQ Mag
Hon Hai, also known as Foxconn, has announced a massive investment in renewable energy at its Wisconsin plant. On March 9th, the company declared that it has invested over $1 billion in the plant and will employ over 1,000 workers locally. The announcement came as Hon Hai unveiled plans to expand the use of solar […]
Porsche Invests in ABB’s Electric-Vehicle Charging Business – EQ Mag
ABB Ltd.’s electric-vehicle charging business has raised additional funds from minority investors including Porsche SE and General Atlantic in a second and final round before listing the division. The division, ABB E-Mobility, sold a 12% stake for 325 million Swiss francs ($355 million) to General Atlantic’s BeyondNetZero climate fund, Singapore’s sovereign wealth fund GIC, UK-based […]
Norway’s Climate Investment Fund invests Rs 900 million in Karnataka’s transmission project – EQ Mag
New Delhi [India] : The new Norwegian Climate Investment Fund, managed by Norfund, together with KLP, Norway’s largest pension company, made the first investment of Rs 900 million in an Indian transmission project in Karanataka on Tuesday being developed by ReNew Power. “Together for the #GreenTransition! Norway’s Climate Investment Fund, managed by @norfund, & largest […]
Greenzo Energy India Ltd invests $50 million for Green Hydrogen Technology in Gujarat – EQ Mag
Greenzo to invest $50 mn in setting up 250MW electrolyser, bop manufacturing facility in Gujarat. Delhi-based Greenzo Energy India Ltd is planning to invest USD 50 million for the development of a 250 MW manufacturing plant of electrolysers and the Balance of Plant (BoP) for generating green hydrogen at Sanand-II Industrial Estate, a part of […]
Volkswagen invests in key plant for electric era – EQ Mag
German auto giant Volkswagen unveiled Wednesday a major investment to convert the main factory at its headquarters to electric car production, although the future of a planned new plant remained unclear. The legacy automaker has in recent years launched a shift towards electric vehicles, seeking to boost its green credentials and turn the page on […]
ADB Invests $4 Million in Georgia’s First Locally Listed Green Bond – EQ Mag Pro
TBILISI, GEORGIA : The Asian Development Bank (ADB) invested $4 million in a green bond issued by Georgian Renewable Power Operations (GRPO), which will use the funds to support its ongoing operations. The investment will also provide additional capital for GRPO’s parent company, Georgian Renewable Power Company Group JSC, to support its renewable energy business. […]
German Steel Giant Invests US$1.9 Billion, Largest Plant Switches to Hydrogen – EQ Mag Pro
The road to net zero in heavy industries such as steel and cement was always going to be long and full of challenges. German steel giant ThyssenKrupp is investing $1.9 billion in a hydrogen direct reduction system, which does not require rare and high-grade iron to produce green steel. With the existing technology, every ton […]