US-based BrightNight closes $440M investment from Goldman Sachs
The investment is expected to fully fund BrightNight’s five-year business plan and execute its 31-gigawatt renewable power project portfolio.
Inox Wind’s Resco Global Raises $41M for Wind Energy Expansion
Inox Wind’s subsidiary raises $41.75 million to expand its wind energy EPC services in India and capitalize on the growing renewable energy market.
Qantas, Rio Tinto, BHP to Invest $53M in Australian Carbon Credit Fund
The fund, managed by Silva Capital — a joint venture between Roc Partners and C6 Investment Management — aims to raise AU$250 million to generate and manage Australian Carbon Credit Units from reforestation initiatives.
Mahindra to Invest ₹12,000 Crore for EV Unit
The company also announced an extension to the investment timeline for British International Investment (BII). BII, a UK-based investor, had previously committed to investing up to ₹1,925 crore in MEAL.
India Govt Approves New Electric Vehicle Policy: Will Tesla Enter India?
The policy mandates a minimum investment of ₹4150 crore ($500 million) with no upper limit on investment. Under this policy, companies are required to establish their manufacturing facilities in India within three years and start commercial production of EVs.
Xiaomi Makes Big Bet on Premium Electric Car Market
The company, known for its affordable smartphones and smart home devices, surprised many by unveiling its first EV, the SU7, at the Mobile World Congress in Barcelona.
USD 2 Trillion Per Annum is Needed to Triple Global Renewables by 2030
Asia as the only region on track to achieve this goal, driven mainly by initiatives in China and India, says the report.