Wary of being left behind in the race for renewables and electric vehicles, oil marketing companies are quietly drawing up plans to expand their modest presence in renewable energy space.
Indian solar power tariffs’ sharp decline will get arrested in the short term with Chinese solar module prices set to increase post the US International Trade Commission’ (USITC) recommendation on Friday.
India’s coal-fired power plants in August ran at a three-year high amid shortages created by lower generation from hydropower and nuclear.
Attracted by India’s emerging green economy, French energy company Engie SA and Dubai’s private equity firm Abraaj Group on Wednesday announced a partnership to build a wind power platform in India.
British oil explorer Cairn Energy on Wednesday said final hearing in the international arbitration it has initiated against a Rs10,247 crore retrospective tax demand raised by India, has been pushed back by about six months to August 2018.
State-run Hindustan Petroleum Corp. Ltd (HPCL) and France’s Total SA may revive their plan to build an underground liquefied petroleum gas (LPG) storage facility in Mangaluru, said Mukesh Kumar Surana, chairman and managing director of HPCL.
Going by recent reports, it appears that the Union government is contemplating withdrawing all kind of incentives that are being provided to renewables-based electricity by 2022.
As part of India’s attempt to improve public transportation, Varanasi, Nagpur and Gurugram have been shortlisted to test the ambitious rapid transport systems using pod cars—driverless vehicles that run along a pre-determined course.
ReGen Powertech Pvt., one of India’s top five wind turbine makers, last month shuttered a factory at Udaipur in Rajasthan and laid off workers
Emerging markets including India and China could be the best bets for investors hoping to fight climate change and boost returns, according to a report on Thursday.