says cut duty on EVsEchoing the demand raised by American auto giant Tesla, German luxury maker Audi has sought a relaxation of 3-5 years on import of electric luxury cars to India. It emphasised that “moderate taxation and stable policy” can see the Indian luxury market grow nearly three times from the current levels. Audi […]
Above-average sick leave in Covid pandemic forces Meyer Burger to temporarily reduce output of its solar module production – EQ Mag Pro
The dynamic development of the Covid pandemic in Germany, with sharply rising infection figures, is also causing above-average absences due to illness and officially ordered quarantine among Meyer Burger’s workforce. The company is therefore forced to temporarily operate only one of two production lines at its plant in Freiberg (Saxony) and to adjust the production […]
As leaders reconvene at UN, climate and COVID top the list – EQ Mag Pro
With the coronavirus pandemic still raging in many parts of the world, leaders from more than 100 nations are heading to New York this week for the United Nations’ annual high-level gathering. UNITED NATIONS : Last year, no leaders came at all. This year will be quite different – sort of. With the coronavirus pandemic […]
India’s Renewable Capacity Grows at CAGR of 17% in Last 5 Years, Says Axis Capital
The centre and states are focused on renewable energy like solar, wind, and hydropower. Corporate India is making aggressive renewable power generation capacity expansion plans, the most recent being Reliance Industries’ Rs 75,000 crore investment in the energy business in three years. NTPC also recently raised its renewable portfolio capacity target from 30 GW to […]
India’s energy demand set to rise as Covid subsides: India Ratings
India’s energy demand is expected to improve in July 2021, given the settling down of the second Covid wave and re-opening of commercial establishments, India Ratings and Research (Ind-Ra) said in a report. New Delhi : India’s energy demand is expected to improve in July 2021, given the settling down of the second Covid wave […]
Second MG EV in India to be Launched Within Two Years
When asked about the timeline for the product launch, Chaba said, “We are not defining the timelines now due to the COVID situation and shortages of essential materials, especially chips.” MG Motor India can launch a new electric vehicle with a price tag below Rs 20 lakh mark in the country over the next two […]
Encap Investments L.P. Closes $1.2 Billion Energy Transition Fund
HOUSTON : Today announced it has successfully closed EnCap Energy Transition Fund I, L.P. with commitments of approximately $1.2 billion. The fund was created to invest in companies that advance the nation’s transition to a lower-carbon future with a focus on creating wind, solar and energy storage enterprises. “We are truly grateful for the enthusiastic […]
EIB Approves EUR 4.1 Billion Financing For Renewable Energy, Clean Transport, COVID Recovery, Social Housing And Education
EUR 1.4 billion for renewable energy EUR 1.2 billion to support investment by companies impacted by COVID and corporate RDI EUR 946 million for sustainable transport EUR 306 million for education and social housing The European Investment Bank (EIB) today approved EUR 4.1 billion of new financing to accelerate renewable energy investment, support COVID-19 economic […]
Power Consumption Grows 9.3 Pc in First Half of June
According to experts, the recovery in power consumption and demand was slow in the first half of June despite the low base of last year, which indicates a slow recovery in commercial and industrial demand. New Delhi: Power consumption in the country grew by 9.3 per cent in the first half of June to 55.86 […]
Webinar: ‘Investment and Financing – Challenges and Opportunities in RE Sector’
EQ organized a Webinar on ‘Investment and Financing – Challenges and Opportunities in RE Sector’ on June 15, 2021. The speakers of the webinar shared their insights on the topic. The webinar comprised of two sessions. Karan Mitroo Partner – L&L Partners Law Offices, participated as moderator for the first session. The speakers of the […]
