World Bank approves USD 1.5 bn to support India's low-carbon energy sector

"The financing will help India promote low-carbon energy by scaling up renewable energy, developing green hydrogen, and stimulating climate finance for low-carbon energy investments.," the World Bank said in a blog post.

IFFCO withdraws plea from NCLT in Triumph Offshore case

IFFCO had approached the National Company Law Tribunal (NCLT) in March seeking to restrain Triumph Offshore and SEL from issuing any share/securities to lenders for paying loans and passing any such resolution without its approval.

EU's power mix in 2024 the greenest yet, industry data show

Emissions-free sources produced 74% of EU electricity in January-June, of which 50% was from renewable sources like wind and solar, and 24% from nuclear, industry association Eurelectric said.

China issues rare earth regulations to further protect domestic supply

The regulations, issued by the State Council or cabinet on Saturday, say rare earth resources belong to the state, and that the government will oversee the development of the industry around rare earths - a group of 17 minerals of which China has in recent years become the world's dominant producer, accounting for nearly 90% of global refined output.

Google buys stake in Taiwan solar power firm owned by BlackRock

Companies are being pushed to cut greenhouse gas emissions linked to their operations and value chains by investors and Big Tech firms have been among the most ambitious in their targets.

IREDA loan grows manifold to Rs 9,136 crore in April-June

The total loan book outstanding as of June 30, 2024 was at Rs 63,150 crore, up 33.77 per cent over Rs 47,207 crore in April-June FY24, IREDA said in a statement.

Avaada Energy gets 820 MW hybrid project from SJVN

Avaada Energy has secured 820 MWp-hybrid-ISTS ( inter-state transmission system ) capacity. This project was awarded by SJVN, the company said.

German renewable energy coverage rises to 58% in H1

The gain from 52% in the same period last year lifted the coverage to a record high for a six-month period, the research centre said in a statement.

ICICI Prudential MF to float energy-focussed fund; NFO to open on July 2

The new fund offer (NFO) of ICICI Prudential Energy Opportunities Fund will open on July 2 and conclude on July 16, the MF house said.

China stops publishing data that showed falling renewable power plant usage

In a monthly data release on Friday, China's energy administration published only the average operating hours of all types of power plants for January to May.