Japan has dragged India to the World Trade Organisation (WTO) over the import duties imposed on certain electronic goods, according to the global trade body. Japan has accused India of “continuously and systematically” raise import duties on these goods after announcement of ‘Make in India’ campaign in September 2014, according to a communication released by […]
Mercedes want to abandon combustion engines by 2039
German giant Mercedes-Benz said Monday it wants to stop selling traditional combustion engine cars by 2039 and plans for its new vehicles sold worldwide by that time to be carbon-neutral. “We aim to have a carbon-neutral new passenger car fleet in 20 years,” said Ola Kallenius, current head of Mercedes research, who is to succeed […]
Commissioning of 50Mwac Solar Power Project in the State of UP by Adani Green Energy
Adani Green Energy (UP), a wholly owned subsidiary of Adani Green Energy has commissioned 50 MWac Solar Power Project on 10 May 2019 in the State of Uttar Pradesh. The off-taker for the Said Project is Uttar Pradesh Power Corporation Limited. The PPA is for 25 years. The approved PPA tariff, at present, is Rs. […]
Four-fold rise in total solar capacity but rooftop meets just 10% of target
Rooftop installations are seen critical to India achieving its 175 Gw of renewable energy capacity by 2022 Rooftop solar, one the fastest growing sub-sectors in the country’s renewable energy space, has hit a speed bump. Of the targeted 40 Gw of solar rooftop installs, only 10 per cent has been achieved. Solar rooftop installations are […]
Embassy Office Parks REIT raises Rs 3,000 cr via debentures
Embassy Office Parks REIT, India’s first listed real estate investment trust, has raised Rs 3,000 crore through private placement of debentures mainly to repay debt. Embassy Office Parks, a joint venture between global investment firm Blackstone and realty firm Embassy Group, is a leading developer of commercial real estate. It launched the country’s first real […]
How rampant theft of electricity could drain India’s electric car hopes
The power sector loses more than $16 billion a year to theft – more than any other country in the world Dirty air has finally become an issue in Indian election manifestos, along with perennial subjects such as temple-building and farmers’ incomes. That shouldn’t be a surprise: Even politicians can’t escape air pollution, which has […]
Nissan bags patent related to wireless charging technology for EVs
When the vehicle is parked at a specific parking position, the power feeding coil will be positioned below the power receiving coil under the vehicle, without both getting into direct contact Japanese auto major Nissan Motor Company has received an Indian patent for its wireless charging technology for electric vehicle, which could help the vehicle […]
M&M stops producing India’s first electric car model amid flagging sales
Mahesh Babu, chief executive at Mahindra Electric, confirmed that the company had stopped the production of the model for the domestic market Mahindra Electric Mobility, the electric vehicle arm of Mahindra & Mahindra (M&M), has discontinued the production of the e2oPlus, the four-door hatchback based on the Reva platform, for the domestic market amid flagging […]
ZunRoof raises USD 1.2 million
Rooftop solar solutions provider ZunRoof has raised USD 1.2 million (around Rs 8 crore) from Godrej family office to fund expansion plans and strengthen product portfolio. ZunRoof said the funding comes at an integral time for the company, which is working towards fulfilling the government’s target of achieving 40 GW of rooftop solar by 2022. […]
Solar power developers may defer module imports; flat year ahead for firms
India added 6.5 Gw of solar power in the last financial year After sluggish growth in 2018-19, the current fiscal is set to be another flat year in solar power addition as developers are likely to hold back purchase of solar modules due to the steep duty levied on imports. India added 6.5 gigawatts (GW) […]