infrastructure

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REC’s Net Profit Up 21% YoY to ₹29 Billion in Q1 FY 2024

REC Limited, a government-owned infrastructure finance company, posted a net profit of ₹29.61 billion (~$361.12 million) in the first quarter (Q1) of the financial year...

July 27, 2023

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Rakesh Ranjan

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Finance and M&A

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Other
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US Pledges $4 Billion for Zero-emission Ports and Heavy-Duty Transportation

The U.S. Environmental Protection Agency (EPA) is seeking public input on two programs with a cumulative investment of $4 billion in technologies to reduce climate...

May 9, 2023

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Gautamee Hazarika

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Other

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Renewable Energy
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IREDA Receives Infrastructure Finance Company Status from the RBI

Government-owned lender Indian Renewable Energy Development Agency (IREDA) has been granted an ‘Infrastructure Finance Company’ (IFC) status by the Reserve Bank of India...

March 14, 2023

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Satish Shetty

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Other

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Renewable Energy
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Atlantica’s Q4 Revenue From Renewables Segment Drops 17% YoY

Atlantica Sustainable Infrastructure, a UK-headquartered sustainable infrastructure company, posted a revenue of $244 million in the fourth quarter (Q4) of the financial...

March 6, 2023

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Gourav Mishra

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Finance and M&A

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Other

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Renewable Energy
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US Agency to Train Renewable Energy Procurers in Eight Indian States

The United States Trade and Development Agency (USTDA) has launched the Interstate Clean Energy Procurement Program (ICEPP) to train public procurers of clean energy on...

January 20, 2023

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Gourav Mishra

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Other

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Renewable Energy
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ILOS Energy Secures €500 Million Loan from EIG to Develop 2 GW Clean Power

Europe-based ILOS Energy has secured a €500 million (~$532.1 million) structured credit facility for generating over 2 GW of power through solar and battery storage...

December 23, 2022

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Gourav Mishra

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Other

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Renewable Energy
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Mahindra to Invest ₹100 Billion to Produce EVs in Maharashtra

Mahindra and Mahindra said that the Maharashtra government has approved its plan to invest ₹100 billion (~$1.2 billion) for an electric vehicle (EV) manufacturing...

December 15, 2022

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Gourav Mishra

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Other

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Renewable Energy
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EIP Closes First Round of Global Transition Fund with €1 Billion Commitments

Switzerland-based collective assets manager Energy Infrastructure Partners AG (EIP) announced the first closure of its global transition infrastructure fund by raising...

December 14, 2022

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Gourav Mishra

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Other

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Renewable Energy
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EV Charging Infrastructure to be Set Up Along 75,000 Miles of Highways in the U.S.

The U.S. Department of Transportation has approved Electric Vehicle Infrastructure Deployment Plans for all 50 States covering approximately 75,000 miles of highway...

September 28, 2022

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Vijayalakshmi Sridhar

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Electric Vehicles

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Grid
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Meghalaya Announces Electric Vehicle Policy with Purchase Subsidy for Early Adopters

The Transport Department of the Government of Meghalaya has issued the ‘Meghalaya Electric vehicle Policy, 2021’, which aims to see electric vehicles (EV)...

March 5, 2021

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Nithin Thomas

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Electric Vehicles

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Market & Policy
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Sterling and Wilson and Enel X Partner to Provide EV Charging Infrastructure

Sterling and Wilson, Mumbai-based engineering, procurement, and construction company, has signed a joint venture (JV) agreement with U.S.-based energy solutions...

February 28, 2021

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Nithin Thomas

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Electric Vehicles

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Grid
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India, AIIB Sign ₹21.9 Billion Loan Deal to Strengthen Power Transmission in Assam

The Government of India and the Asian Infrastructure Investment Bank (AIIB) have signed a loan agreement for $304 million (~₹21.9 billion) to develop the ‘Assam...

February 25, 2021

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Rakesh Ranjan

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Grid

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T&D
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Kerala Budget Proposes ₹2.5 Billion Loan for Rooftop Solar, Cuts Tax on EVs

Kerala’s Finance Minister Thomas Isaac announced a 50% reduction in motor vehicle tax for electric, fuel cell, and full hybrid battery electric vehicles (EV) for five...

January 18, 2021

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Nithin Thomas

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Grid

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Market & Policy
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Companies Expect a Phenomenal Year for Electric Vehicles in 2021: Industry Reacts

The manufacturing and sales activity were impacted by COVID-19 in the Electric Vehicle (EV) segment in India in the first half of 2020 due to a lengthy lockdown and...

January 4, 2021

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Harsh Shukla

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Mercom Research Focus

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Other
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Proposals Invited for Installing EV Charging Infrastructure on Highways & Expressways

The Department of Heavy Industry (DHI) has issued an expression of interest (EoI) inviting proposals for setting up public electric vehicle (EV) charging infrastructure...

October 13, 2020

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Nithin Thomas

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Electric Vehicles

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Grid

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