AGEL secured $400 million financing for 750 MW solar projects in Rajasthan and Gujarat, with projects having SECI PPA and merchant power setup. Lenders consortium aids AGEL's growth plans and capital management for sustainable debt structure ..read more

Gujarat Toolroom invested Rs 572 crore in a 65-acre Gujarat land for a green energy project. The Hybrid Power Plant, with solar panels and wind turbines, aims to contribute 97.5 megawatts of sustainable electricity ..read more

Tesla Inc., a prominent US electric vehicle (EV) manufacturer, has filed a complaint in the Delhi High Court against Gurugram-based Tesla Power India for allegedly infringing on its trademark 'Tesla.' The company seeks to restrain Tesla Power from using its trademark, citing confusion among consumers and potential harm to its business interests. Tesla Inc. claims that complaints regarding Tesla Power batteries are being mistakenly directed to them due to the similarity in branding ..read more

Adani Green Energy Ltd (AGEL) has secured USD 400 million financing from a consortium of five international banks for its upcoming solar projects totaling 750 MW in Gujarat and Rajasthan. These projects are slated to commence operations from November 2024 onwards. One of the projects, a 500 MW capacity development in Rajasthan, has a long-term power purchase agreement (PPA) with Solar Energy Corporation of India (SECI ..read more

Electric two-wheeler sales in April dropped by 50% due to subsidy changes. Ola Electric led with 33,000 units sold out of the 64,000 total EV scooter sales. Companies like Bajaj, TVS Motors, and Ather Energy also felt the impact ..read more

India aims for 40% renewable energy by FY2030, driven by RE capacity growth. Energy storage systems, especially BESS and PSP projects, play a crucial role in managing power intermittency, ensuring grid stability, and shifting peak loads to support the transition ..read more

Ferrato, a premium brand of Okaya EV, launches the "Disruptor" electric bike at Rs 1.4 lakh (after subsidy) in Delhi, offering a running cost of 25 paise per km. Pre-bookings are available on their website with a special Rs 500 offer for the first 1000 customers. The bike boasts 228 Nm torque, 6.37 kW peak power, and a range of 129 km with LFP battery technology. Delivery starts in 90 days ..read more

Avaada Energy has secured a Rs 1,190 crore loan from the State Bank of India for a 400 MWp utility-scale solar PV project in Gujarat's Surendra Nagar district. The 20-year project loan facility will support the project's development and procurement by Gujarat Urja Vikas Nigam Limited. This marks Avaada's first venture in developing a greenfield project under an existing Special Purpose Vehicle ..read more

Tesla, amid falling sales and increasing competition, has abandoned plans for an innovative one-piece gigacasting manufacturing process. Initially aiming to revolutionize manufacturing and reduce costs, Tesla has opted for its more traditional three-piece method for vehicle underbodies. The decision underscores Tesla's strategic pivot towards self-driving technology over massive EV sales growth, reflecting recent layoffs and executive departures. This shift also comes after the cancellation of the Model 2 and signals a more conservative approach to production innovation ..read more

Southern states like Karnataka, Kerala, Tamil Nadu, Andhra Pradesh, and Telangana hold immense solar and wind energy potential. However, realizing this potential requires substantial investment in strengthening transmission infrastructure ..read more