APT Translations

"It goes against the principles of market economy and international trade rules, undermines China-EU economic and trade cooperation as well as the stability of the global automobile production and supply chain," Chinese foreign ministry spokesman Lin Jian said.

Srini Viswanathan will step down as the company’s CEO and Pabba will soon be given the new role of CEO

Energy storage is becoming increasingly important as production of renewable energy rises, because the wind might not blow or the sun shine during the peak hours when most consumers turns on their lights and appliances.

Financial incentives and a government push have helped China become the solar panel factory of the world, accounting for about 80% of global module capacity. Analysts expect Chinese manufacturers to add up to 600 gigawatts (GW) this year, enough to meet global demand through 2032.

The peak demand for electricity also hit historic highs, reaching 250 gigawatts (GW) on May 30, further underscored by rising temperatures that soared to 50.5 degrees Celsius in Churu, Rajasthan on May 29.

To double hydropower capacity by 2050, a cumulative investment of approximately US$3.7 trillion is required, or about US$130 billion annually, more than double the current level of funding.

E2Ws emerged as the frontrunners, with sales totaling 1,009,356 units, indicating a notable y-o-y growth of 29 per cent. This category constituted a substantial 57.60 per cent share of the overall EV sales in FY2024.

Speaking to reporters, Joshi said under the guidance of Prime Minister Narendra Modi, a lot of development has happened in this sector and the country stands fourth globally in renewable energy in terms of installed capacity.

Ampin Energy, Ganeko Energy, Inaayu Renewables, Juniper Green Energy, and Datta Power Infra secured capacities at a quoted tariff of Rs 3.41 per unit

The JV is projected to avoid about 165,000 tCO2e greenhouse gas emissions annually