APT Translations

Revenue fell 5.2 percent to 2.68 billion euros in the first three months of the year, compared to the same period a year earlier.

The firm, which incubates business from airports to data centres, reported an 8 per cent decline in EBITDA (earnings before interest, taxes, depreciation, and amortization) at Rs 3,646 crore in Q4.

The country’s total installed energy capacity now stands at 442 GW, with 144 GW (33%) from renewable energy, and 47 GW (11%) from hydroelectric power. The share of coal and lignite fell below 50% for the first time.

"The company has successfully received the Letter of Intent (LoI), signalling a major advancement in enhancing India's solar energy capabilities and supporting the country's ambitious solar objectives," the company said in a statement.

Climate tech was new in Africa, the continent was a fledgling destination for venture capital money, there were fewer funders to approach and less money was available, he said.

This growth is driven by substantial capacity additions and necessitates the development of energy storage systems (ESS) to manage the intermittency of wind and solar power.

Power generated from the project will be procured by Gujarat Urja Vikas Nigam Limited (GUVNL), an apex body of the government of Gujarat, engaged in the bulk purchase and sale of electricity.

Around 90% of the investments will be made through internal accruals, he said.

Even in an optimistic low emission scenario for 2050, more than half the world’s copper mines will be in areas exposed to drought risk that’s deemed significant, high or extreme, according to a PricewaterhouseCoopers LLP report.

In comparison, April 2023 saw 17 such days, zero in 2022, 18 in 2021, 30 in 2020, 12 in 2019, and 8 in 2018, according to the Commission for Air Quality Management in NCR and Adjoining Areas (CAQM).