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Europe Requires $32 Trillion of Investment for Net-Zero by 2050

Europe will need to invest over $32 trillion in energy and related technologies to achieve a net-zero economy by 2050, according to BloombergNEF (BNEF). Although Europe...

May 15, 2023

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Arjun Joshi

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Other

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Renewable Energy
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EV Startup BluSmart Secures $42 Million Funding to Strengthen Operations

BluSmart Mobility, an electric vehicle (EV) ride-hailing service and charging infrastructure operator, has secured $42 million in its most recent funding round held last...

May 5, 2023

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Gautamee Hazarika

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Electric Vehicles

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Finance and M&A
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Month in a Minute: Top Headlines from Indian Renewable Sector in April 2023

Here is a recap of important headlines from April 2023: Tata Power, Fourth Partner Energy, Amp Energy India, Gujarat Power Corporation, Oorja Development Solutions India,...

May 2, 2023

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Arjun Joshi

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Other

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Renewable Energy
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Rapid Renewable Uptake, Viable Carbon Capture Tech Pathways to 1.5°C Goal

The International Energy Agency (IEA) said in a report that limiting global temperature rise to 1.5 °C above pre-industrial levels requires a rapid and profound...

April 25, 2023

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Arjun Joshi

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Other

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Renewable Energy
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Australia Targets All New Light Vehicle Sales to be EVs by 2035

The Australian government aims to increase the share of electric vehicles (EV) in new light vehicle sales to 30% by 2030 and 100% by 2035 to transition to a decarbonized...

April 20, 2023

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Arjun Joshi

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Electric Vehicles

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Market & Policy
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Electric Vehicle Sales Surge 81% YoY in Q1 2023, 349,676 Units Sold

Electric vehicle (EV) sales in India reached 349,676 units in the first quarter of 2023, a year-over-year (YoY) increase of 81% compared to 192,565 units sold in the...

April 4, 2023

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Arjun Joshi

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Electric Vehicles

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Markets & Policy
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US, Japan Strike Trade Deal on Critical Minerals for EV Batteries

Close on the heels of a similar agreement with the European Union, the United States and Japan have agreed on a trade deal for critical minerals used in clean energy...

March 29, 2023

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Arjun Joshi

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Other

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Renewable Energy
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US Opens Applications for $2.5 Billion Program to Build EV Infrastructure

The Biden-Harris Administration opened applications for a new multi-billion-dollar program to fund electric vehicle (EV) charging and alternative-fuelling infrastructure...

March 15, 2023

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Gautamee Hazarika

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Electric Vehicles

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Finance and M&A
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US, EU Reach Agreement on Sourcing Critical Minerals Used in EV Batteries

Signaling a thaw in U.S.-EU relations on clean energy, the two sides have agreed on immediately beginning negotiations on an agreement on critical minerals used in the...

March 14, 2023

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B.S. Nagaraj

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Energy Storage

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Other
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US Added 32 GW of Renewable Power Capacity in 2022: Report

The United States commissioned approximately 43 GW of new power generation and energy storage capacity in 2022, according to a report published by BloombergNEF....

March 13, 2023

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Arjun Joshi

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Other

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Renewable Energy
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Daily News Wrap-Up: Government Takes Steps to Meet Summer Peak Power Demand

The Ministry of Power has devised a comprehensive strategy to ensure the availability of power during the summer. In a meeting chaired by the Union Power Minister, R.K....

March 10, 2023

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Mercom India

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Daily Wrap-up
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Daily News Wrap-Up: Government to Modernize Power Transmission System

The government has accepted the recommendations of a task force on modernizing India’s power transmission system, paving the way for real-time monitoring, automated grid...

March 9, 2023

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Mercom India

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Daily Wrap-up
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Daily News Wrap-Up: Transmission System Approved for 1.5 GW Solar Power in Karnataka

The Central Electricity Regulatory Commission (CERC) recently granted a transmission license to Gadag II-A Transmission to establish a transmission system for the solar...

March 1, 2023

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Mercom India

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Daily Wrap-up
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TI Clean Mobility to Raise ₹30 Billion to Fuel its EV Platform

Electric three-wheeler manufacturer TI Clean Mobility (TICMPL) signed definitive agreements with Tube Investments of India (TII), Multiples Private Equity Fund III,...

February 28, 2023

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Arjun Joshi

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Electric Vehicles

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Finance and M&A
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Daily News Wrap-Up: West Bengal DISCOM’s 150 MW of Wind-Solar Hybrid Tender

CESC, the Kolkata-based power utility company of the RP-Sanjiv Goenka Group, has invited bids to set up 150 MW of interstate transmission system-connected wind-solar...

February 10, 2023

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Mercom India

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Daily Wrap-up

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