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Sembcorp Industries planning IPO for India unit to raise $500-600 million

By : sustainabilityo..., Jan 18, 2018

Singapore-based utility group Sembcorp Industries is gearing up to file for an initial public offering (IPO) of its Indian arm which could see the company raise around $500-600 million (about...

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NGT: Deny clearance to thermal plants till they comply with standards

By : sustainabilityo..., Jan 18, 2018

The National Green Tribunal on Wednesday directed the Ministry of Environment and Forests (MoEF) and state environment impact assessment authorities to “not grant any new environment clearances...

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Bharat Forge sets up R&D facility for Electric Vehicles in Britain

By : sustainabilityo..., Jan 18, 2018

Pune-based auto components major Bharat Forge has opened an R&D facility in Britain for developing components and sub-systems focused on e-vehicles. 

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Husk Power raises $20 mn for its mini-grid business

By : sustainabilityo..., Jan 17, 2018

Husk Power Systems said today that it has raised USD 20 million (over Rs 127 crore) to scale its renewable mini-grid business both in Asia and Africa. 

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ReNew, Greenko, Hero eye india assets of exiting SkyPower Global

By : sustainabilityo..., Jan 16, 2018

At least three Indian developers are eyeing the assets of Canadian renewable energy company SkyPower Global, which plans to exit India after a troubled run in the country.

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IOC, Phinergy to develop ultra lightweight batteries for Electric Vehicles

By : sustainabilityo..., Jan 16, 2018

State-owned Indian Oil Corp (IOC) today signed an initial pact with Israel's Phinergy Ltd for developing ultra lightweight metal-air batteries that can be used in electric vehicles (EVs). ...

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India is said to mull power law change to boost EV stations

By : sustainabilityo..., Jan 16, 2018

India's power ministry is considering ending the lock on electricity sales by distributors as one way to speed up growth in vehicle charging stations, according to a ministry official with...

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Shell ventures back into solar, agrees to acquire stake in US firm

By : sustainabilityo..., Jan 16, 2018

Royal Dutch Shell agreed on Monday to acquire a stake in a U.S. solar company, 12 years after exiting the sector, in the latest in a series of deals to grow beyond its core oil and gas business...

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IFC set to invest Rs 2,800 crore in Madhya Pradesh Solar park

By : sustainabilityo..., Jan 11, 2018

In one of the biggest deals in the renewable energy space, International Finance Corporation (IFC), part of World Bank group, is close to investing $440 million or Rs 2,800 crore in Rewa Ultra...

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Local solar manufacturers differ on safeguard duty suggestion

By : sustainabilityo..., Jan 11, 2018

Indian solar manufacturers are divided in their reactions to the Directorate General of Safeguards’ recommendation of imposing provisional 70% safeguard duty on the import of solar cells for 200...

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