APT Translations

At least 30% of the funds will be directed toward the EV ecosystem, such as charging stations and battery-swapping infrastructure, in addition to on-lending to retail borrowers for EV purchases. The financing will also support enterprise and retail borrowers in waste management sectors, aligning with India’s decarbonization goals.

The MoU was signed during the Rising Rajasthan Investor Meet in New Delhi in the presence of Rajasthan Chief Minister Bhajan Lal Sharma and other state officials. The agreement will support Rajasthan’s goal of providing 24/7 clean and reliable power.

The initiative has recognised the best practices of the civic body in solid waste management and efforts towards addressing climate change-related issues under a campaign by the department of environment and climate change of the state govt.

The company is inviting bids for over 1.1 GW (1125 MW) of renewable energy, with 625 MW from Solar PV projects and 500 MW from wind power.

The project, awarded through a competitive bidding process, will see Greenzo Energy setting up a hydrogen generation plant with a capacity of 20 normal cubic meters of hydrogen per hour.

Rajasthan Chief Minister Bhajan Lal Sharma will be in the national capital for two days from Monday to lead the Delhi leg of the investors' meet and outreach programme aimed at building up the momentum for the upcoming 'Rising Rajasthan' Global Investment Summit 2024.

To achieve the target of 10,000 MW, NLCIL has formed new subsidiaries--NLC India Renewables Ltd (NIRL) to focus on asset monetisation and NLC India Green Energy Ltd (NIGEL) to spearhead clean energy initiatives.

Speaking at the The Economic Times Energy Leadership Awards, Babu detailed how Gujarat’s solar and wind energy projects are contributing to India's national goal of reaching 500 GW of non-fossil energy capacity by 2030.

One of the promoters Anmol Singh Jaggi has invested more in the company through the acquisition of 12,000 equity shares of the company through an open market operation, as a result, the holding of Jaggi will increase, the company said in a regulatory filing on Thursday.

China has become a dominant force in solar and electric vehicles, and is increasingly competitive with European wind power producers. The European Commission is taking steps to limit creating a systemic reliance on Beijing with new rules, investigations and possible tariffs on Chinese EVs.