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ONGC Plans Creation Of Subsidiary Dedicated To Green Gas Ventures

The oil and gas behemoth plans to spend Rs 1 lakh crore on installing 10 GW of renewable energy capacity and building a per-annum capacity of two million tonnes of green ammonia by 2035 as part of its decarbonisation strategy   India’s state-owned Oil and Natural Gas Corporation (ONGC) is pushing ahead with ambitions to enter […]

SAEL Raises USD 1 Billion To Boost Renewable Energy Portfolio

The investment will drive the expansion of the company’s solar and biomass projects, capitalising on the conducive market potential and government schemes in the renewable energy sector   SAEL, a renewable energy startup, has successfully raised USD 1 billion in finance from a number of financial organisations, including Tata Cleantech, DFC, ADB, and Norfund. The money will […]

Aidash Secures $50 Million Funding To Protect Infrastructure Against Climate Risks

AiDash Secures USD 50M Funding to Expand Climate-Resilient Solutions Globally   AiDash, an enterprise Software as a service (SaaS) company focusing on climate-resilient solutions for critical infrastructure, has successfully raised USD 50 million in its Series C funding round, bringing the total capital to USD 83 million. The oversubscribed round, led by global impact investment firm […]

AM Green Ties Up With Envision Energy For Wind Turbines, Green Hydrogen

Greenko founders’ firm AM Green will join forces with Chinese multinational Envision Energy to produce wind turbines in India for their green energy projects. The collaboration extends to net-zero industrial parks and green hydrogen initiatives in both India and on a global scale The founders of Greenko Group own AM Green, a hydrogen and green […]

Indonesia Joins UN-Led Energy Compacts, Pledges USD 122 Billion for SDG7 And Net Zero Goals

The Republic of Indonesia has formally introduced its Energy Compact, aligning itself with a global community dedicated to achieving Sustainable Development Goal 7 (SDG7) and net-zero objectives. This milestone in Indonesia’s energy transition is accompanied by a substantial financial commitment exceeding USD 122 billion. The funding is earmarked to elevate the share of renewable energy […]

Prime Minister Modi Declares Major Initiative: Solar Panels For 1 Crore Homes Following Ram Mandir Event

PM Modi Unveils ‘Pradhanmantri Suryodaya Yojana’ for Solar-Powered Homes after Ayodhya visit Upon returning from Ayodhya after presiding over the Ram temple consecration ceremony, Prime Minister Narendra Modi declared the launch of the ‘Pradhanmantri Suryodaya Yojana.’ This initiative aims to harness solar energy for electricity generation. Emphasising the significance of solar energy, Prime Minister Modi […]

Striking A Balance: ESG Investing In India Navigates Profitability And Sustainability In The Emerging Market

The arena of ESG investing in India has changed, with more companies recognising the importance of aligning sustainability with profits into their business strategies   In order to balance financial and environmental goals and eventually improve the nation, environmental, social, and governance (ESG) measures have become increasingly important. Due to sustained government investment and growing […]

Birla Carbon To Bolster Global Presence With 240 kMT Carbon Black Capacity Expansion In India And Thailand

Sustainable carbon solutions leader responds to market demands, establishes state-of-the-art facilities for secure and innovative offerings In a move to support market and customer growth, Birla Carbon, a leader in sustainable carbon solutions, has announced plans to expand its carbon black capacity by more than 240,000 metric tons (kMT). The expansion initiative is in alignment […]

S P Global Commodity Insights Highlights Top 10 Clean Energy Trends For 2024

Globally, renewable deployment faces major bottlenecks due to grid-connection delays and grid congestion, delaying the build-out of energy storage that could help address the problem A recent report from S&P Global Commodity Insights underscores the urgent global need for more flexible power systems, predicting a surge of one terawatt (TW) in additional wind and solar […]

Advocacy For Recycling As A Catalyst For Sustainable Economic Expansion

2024 will be the year in which India’s newly introduced reforms will propel it into a growth trajectory exceeding 8 per cent to cross $4 trillion [EUR 3.6 trillion] GDP   In Kolkata, Material Recycling Association of India (MRAI’s) annual international conference and exhibition, drawing over 2,000 delegates from 35+ countries and 200 exhibitors, has […]