APT Translations

The $305 million green bond was issued jointly by SAEL Limited and its five wholly-owned subsidiaries, collectively known as the "Restricted Group," which includes 334 MW of renewable energy assets across solar and waste-to-energy sectors. This is the first renewable energy issuance from India that includes waste-to-energy assets.

The company has also secured a 20 MW Floating Solar project in Karnataka from the same client, marking the third floating solar project the company is currently executing in the country.

This partnership marks Tata Power Solar as the first solar company to collaborate with BOI for both solar and EV charging station financing, strengthening its leadership in green energy solutions.

Speaking with journalists the day after releasing first-half results, Saipem's Alessandro Puliti said the group had been recently awarded a 250-million euro ($271 million) project to build a large-scale green ammonia storage tank in Northern Europe.

The move to bolster the solar power sector by expanding the exemption list for capital goods used in manufacturing solar cells and panels is a continuing testament to India’s commitment to harnessing its abundant solar potential.

The GIFT-IFSCA is akin to the Hercules pillars serving as the gateway for India linking her to the global economy and the new hotspot for foreign investment. In furtherance of its efforts towards the challenging task of mobilizing climate finance (currently estimated to be USD 10 trillion) for achieving its net-zero goal by 2070, India seeks to establish Gift City as the global climate finance hub.

As per the recent Economic Survey 2024, India has achieved remarkable advancements in climate action especially in the priority areas of energy transition and mobility.

India has already committed to generating 500 gigawatts (GW) of renewable energy by 2030 and the Finance Minister's announcement of a forthcoming policy document on energy transition pathways is a significant step in this direction.

The government approved the VVP as a centrally-sponsored scheme on February 15, 2023, with an outlay of Rs 4,800 crore for 2022-23 to 2025-26 for development of these villages in 46 blocks abutting the northern border.

In a press conference here, BMW Group Senior Vice President, Region Asia Pacific, Eastern Europe, Middle East and Africa Jean-Philippe Parain stated that the "strongest incentives from the state should be for EVs".