APT Translations

The forum underscored the alignment of these initiatives with global investment trends and the transition to sustainable energy sources.

The statement of Singapore's ministry of trade and economy, which hosted the meet, out of the 69 projects, 20 investment-ready projects worth about USD 6 billion were presented to investors at business matching sessions.

The meeting, which started on Wednesday, brought together the region's top investors, clean economy companies, and start-ups to mobilise investments into sustainable infrastructure, climate technology, and renewable energy projects.

Work towards a front-end engineering design award for the project in India is underway following the completion of the feasibility study. Land for the facility in India has been secured, said Sembcorp.

The dynamic could result in a mini-boom in already red-hot US solar installations, while also annoying the nascent domestic manufacturing industry which is keen to see developers make the switch to American-made gear.

The total global energy investment is expected to exceed $3 trillion for the first time next year, with clean technologies such as renewables, electric vehicles, nuclear power, grids, and storage drawing the majority of the funds.

India targets to achieve 500GW of renewable energy capacity by 2030, necessitating an annual capacity addition of about 44GW.

The company's net profit for the entire financial year stood at USD 50 million, compared to a net loss of USD 60 million in FY23.

Metro Bhawan received this certification from Earthood, a world's leading validation and verification company in the carbon market. The Gurugram-based company operates from India, UK, Turkey, UAE and Lat America.

The wealthy Alpine country has said it wants to rapidly accelerate the development of renewable energy sources as it strives to meet its target of carbon neutrality by 2050.