RENEWABLE ENERGY INVESTORS MEET AND EXPO
Record $1.8 trillion investment in renewables made in 2023 not enough to meet COP28 goals, says EY report
More than 100 countries at the COP28 climate summit in Dubai last year had agreed to triple renewable energy capacity by 2030 and cut down the use of fossil fuel and emissions, a move seen as vital to avert the worst effects of climate change. The pledge made at COP28 is one of the several energy-related announcements that include new measures and funding to combat methane emissions, agreements to cut coal use and nuclear energy promotion.
Expo Centre Sharjah signs agreement to launch Middle East Electric Vehicle Show 2025
Expo Centre Sharjah (ECS) has forged a strategic partnership with MIE Events to debut the Middle East Electric Vehicle Show (MEEVS) in 2025 at the Centre. This groundbreaking agreement paves the way for the region's premier electric vehicle event, set to feature over 100 leading global brands. MEEVS aims to spotlight the future of sustainable transportation by showcasing cutting-edge electric, hydrogen, and hybrid vehicles, as well as electric bikes, and innovative technologies in the electric transport sector.
Adani to invest over $1 bn in Sri Lankan wind projects
Adani Group plans to invest over USD 1 billion in setting up projects in Sri Lanka through Adani Green Energy Ltd. The projects include two wind farms in Sri Lanka's Mannar town and Pooneryn village with a total capacity of 484 megawatts.
India offers $500 billion investment opportunity in clean energy: Commerce secretary
India's commerce secretary Sunil Barthwal announced at the Indo-Pacific Economic Framework for Prosperity (IPEF) Clean Economy Investor Forum in Singapore that India presents an investment opportunity exceeding $500 billion in the clean energy sector, including renewables, green hydrogen, and electric vehicles by 2030. The forum, consisting of 14 countries like India, Australia, and the US, has identified investment prospects totaling $23 billion for sustainable infrastructure projects in the Indo-Pacific region.
Singapore-based Sembcorp to supply green ammonia to Japan from its India plant
Singapore-based Sembcorp Green Hydrogen Pte Ltd signed an agreement with two Japanese firms to supply green ammonia from its 200,000-metric tonne capacity plant in India.
India offers above $500 bln investment opportunity in clean energy value chain
India offers a $500 billion investment opportunity in clean energy by 2030 at the IPEF Clean Economy Investor Forum in Singapore, resulting in $23 billion investment opportunities for sustainable infrastructure projects in the Indo-Pacific.
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India offers USD 500 billion investment opportunities in clean energy, other sectors by 2030
New Delhi India offers huge investment opportunities worth over USD 500 billion, particularly in clean energy value chain including renewables, green hydrogen and EV, by 2030, the commerce ministry said on Thursday. This was stated by Commerce Secretary Sunil Barthwal, who is in Singapore for the two-day meet of the Indo-Pacific Economic Framework for Prosperity (IPEF) Clean Economy Investor Forum.
US, Indo-Pacific partners holding talks in Singapore on clean energy
The U.S.-led Indo-Pacific Economic Framework ministerial meeting in Singapore includes major firms joining a 'Clean Economy' investor forum to boost infrastructure and climate investments.
Billionaire Gautam Adani’s green targets questioned in Snowcap analysis
The company “can meet just 50% of its 50GW target funding requirement by 2030 without raising equity, despite claiming this target is ‘fully funded’,” Snowcap said.
US stocks listless in countdown to Nvidia results, Fed minutes
All eyes will be on whether semiconductor bellwether Nvidia's first-quarter results, due after markets close, can meet sky-high expectations and sustain the bumper gains the company's shares and other AI-related stocks recorded. The Nasdaq briefly touched a fresh record high in choppy trading.
Green with Envy: Now ONGC, NTPC arm may bid for Ayana Renewable Power
Oil and Natural Gas Corp (ONGC) is reportedly in discussions with NTPC Green Energy to form a consortium for bidding on Ayana Renewable Power, owned by the National Investment and Infrastructure Fund (NIIF). The enterprise value of Ayana is estimated to be around $2 billion. Other entities like JSW Neo Energy, Sekura Energy, Masdar, Macquarie, and Sembcorp have also shown interest in acquiring a controlling stake in Ayana.
ONGC, NTPC Green mull joint bid for NIIF-owned Ayana Renewable Power
ONGC is reportedly in discussions with NTPC Green Energy to jointly bid for Ayana Renewable Power, owned by NIIF. Several potential buyers have submitted non-binding offers for Ayana. ONGC previously announced ONGC Green for renewable projects, while NTPC Green plans an IPO. Ayana focuses on solar and wind energy projects.
DERC grants regulatory approval to Battery Energy Storage System with GEAPP's support
The project aims to provide 24/7 power to more than 12,000 low-income consumers.
Most Indian occupiers want half of office portfolios powered by renewables by 2030, JLL
India's occupiers aim for 50% renewable energy in office portfolios by 2030. Delhi leads with 43%. Banking, finance sectors prioritize on-site renewable power sources. APAC countries contribute significantly to renewable energy capacity.
Renewable energy funds see outflows on concerns over growth, policies
Global investors are pulling out of renewable energy sector funds in 2022, impacting the sector's growth. Policy uncertainties during a U.S. election year and challenges from high interest rates are influencing investment decisions, while leading wind power groups forecast industry hurdles despite government support.
IPEF to organise clean economy investor forum in Singapore in June
The 14-member Indo-Pacific Economic Framework (IPEF) bloc will host an investor forum in Singapore on June 5-6, for domestic climate tech entrepreneurs to pitch products to global investors. The forum aims to mobilize investments in sustainable infrastructure, renewable energy, and climate technology projects. Eligible companies will be selected based on specific criteria.
Adani to invest Rs 2.3 lakh crore in renewable energy, manufacturing capacity
Adani Group to invest Rs 2.3 lakh crore by 2030 for renewable energy expansion. AGEL and ANIL lead in capacity increase and manufacturing. Overcoming challenges, the group aims for significant growth in the sector.
Green is the new gold: Investors flock to sustainable opportunities in 2024
India is making significant strides towards sustainable development through regulatory mandates like the Energy Conservation (Amendment) Bill 2022 and BRSR, unleashing investment opportunities for Indian businessmen and investors.
Helping Indian electric mobility dreams come true
Investors foresee 'India's decade' with significant GDP growth and population rise. The country targets 90% renewable energy by 2047 for net zero emissions by 2070. GreenCell Mobility's electric bus deployment in Surat marks a step towards sustainable transportation.
Masdar, Gentari, others eye majority stake in Ayana Renewable Power
The majority stake sale will value Ayana's equity at $1 billion, with an enterprise value - inclusive of debt in the capital structure - around $2.5-3 billion, sources told ET. Non-binding bids will likely be in by mid-April, said these officials.
Shapoorji Pallonji denies considering stake sale in Sterling and Wilson Renewable Energy to manage debt
Shapoorji Pallonji & Company (SPCPL) denied considering selling its stake in Sterling and Wilson Renewable Energy (SWRE) to meet financial obligations.
IPO boom! Madhu Kela’s unlisted solar stock surges 300%. Should you invest in the sun?
Shares of unlisted Waaree Energies, India's largest solar PV module manufacturer, have surged 300% in the last 6 months, backed by investors like Madhu Kela, ValueQuest's Ravi Dharamshi and Arvind Kothari-run Niveshaay, ahead of their planned IPO launch. Divam Sharma attributes the surge in price to the DRHP filing and favorable sector valuations. The unlisted solar stock is commanding a market value of Rs 46,000 crore now.
Our systematic way of improving the systems has led NPA to come down to 1.52%: Pradip Kumar Das, IREDA
Pradip Kumar Das, CMD of IREDA, discusses the company's role in the PM solar rooftop programme and its foray into the retail business. He emphasizes the importance of a sensible and qualitative business, reducing NPAs, and supporting emerging sectors for the maturity of the renewable energy industry. He is confident that he is confident IREDA is going to have quite a good fair amount of share in that retail space.
ETMarkets Smart Talk: It is a 10/10 Budget from Modi govt; Renewable good theme for next 10 years: Naveen Kulkarni
Naveen Kulkarni says, PSUs and Capex-oriented sectors are likely to benefit the most from Budget 2024. PSUs will see lesser supply from the government, and consistent growth in government capex will drive an uptick in capex-oriented sectors. There will not be many tweaks in portfolios, but focus should continue to be value MFs, with some emphasis on large-cap schemes as small caps are getting into an overheated zone.
Tamil Nadu brings big-ticket investments across energy, mobility and electronics manufacturing
The state, which is a hub for electronics manufacturing, saw large investments from firms like Tata Electronics which committed to invest Rs 12,080 crore for mobile phone assembly operations as well as Taiwanese giant Pegatron which said it would be investing up to Rs 1,000 crore to expand production.
Reliance Industries to invest in renewable energy, green hydrogen in Tamil Nadu: Mukesh Ambani
Addressing Tamil Nadu Global Investors Meet-2024, Ambani expressed his confidence in the state government's support for Reliance's upcoming ventures. He highlighted that Reliance has already made significant investments in Tamil Nadu, including the establishment of nearly 1,300 retail stores with an investment of over Rs 25,000 crore.
Loom Solar launches range of solar solutions at renewable energy expo
Loom Solar has unveiled a range of solar solutions at the Renewable Energy India Expo (REI) 2023. These offerings, part of the Mission-Zero Emission initiative, include solar modules, IoT-based energy storage solutions, high-frequency solar inverters, and customizable small solar panels.
Reliance to roll out swappable batteries for electric vehicles
The company is demonstrating the integrated energy ecosystem --- the battery technology in an electric two-wheeler, swappable battery and charging station that is capable of charging the batteries using both solar power and electricity at the Renewable Energy India Expo, the two-day show that begins in Delhi on Thursday.
Renewable Energy India Expo 2023 to bring investments worth Rs 1,500 crore in biogas segment: IBA
"Renewable Energy India Expo 2023 (REI) will bring an opportunity worth Rs 1,500 crore. The participation is expected to increase by 25 per cent from last year," an IBA statement said.
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