Topic
217 stories
Shell New Energies US, a subsidiary of Shell Plc, on Wednesday, divested its 50% equity in SouthCoast Wind Energy, established to develop offshore wind projects, to Ocean Winds North America, wind electric power generator. SouthCoast was initiated in the year 2018, for a 50-50 joint venture between Shell and Ocean Winds to develop an offshore wind […]
Renewable energy company Good Enough Energy, on Tuesday, said it is set to start Battery Energy Storage System (BESS) gigafactory by investing $450 Crore ($54 million) for grid stability with an initial capacity of seven gigawatt hours (GWh) in Jammu and Kashmir, India. The company said its battery gigafactory will begin operations in October, with […]
Energy company Masdar, on Tuesday, said it signed an agreement to acquire 50% of stake in United States-based peer Terra-Gen Power Holding II from Energy Capital Partners (ECP), investment capital firm, to expand and retain its footprints in the US renewable energy market. The transaction is expected to close by the end of 2024, said […]
Electric vehicle maker VinFast, on Monday, established its subsidiary V-Green Global Charging Station Development Company (V-Green) to bring innovation in the charging infrastructure system for VinFast vehicles as well as make Vietnam a desirable destination for electric charging. The firm said V-Green will invest 10 trillion Vietnamese Dong ($403 million) over the next two years. […]
Oil and gas company ADNOC, on Monday, signed a 15-year agreement with Singapore-based peer SEFE Marketing and Trading, for the supply of 1 million metric tonnes per annum (MMTPA) of liquefied natural gas (LNG). LPG will be sourced from its Ruwais LNG project, said ADNOC. Additionally, in late December 2023, the firm joined forces with […]
BP’s electric vehicle charging brand BP Pulse acquired GSE Group-owned Ashford International Truckstop in Kent, a truck transportation halt area. This area is considered to be one of the largest truck stops in Europe. BP Pulse said the acquisition is with an objective to create a Europe-wide network of electric truck electric vehicles (EV) charging […]
Automobile manufacturer Nissan Motor is considering to seek a business partnership with peer Honda Motor on key components for electric vehicles to cut production costs, reported Reuters News Agency based on sources from Nissan on Friday. The details of the partnership are not disclosed as the discussions are in the stage of conception. The partnership […]
Automobile manufacturer Tata Motors Group, on Wednesday, signed a memorandum of understanding (MOU) with the Government of Tamil Nadu, India to initiate an investment of ₹9,000 Crore ($1.09 billion) and establish vehicle manufacturing in the state. The automotive firm said the investment will be made in five years and is aiming to create 5,000 direct […]
Power generator RWE, on Wednesday, initiated the construction of its solar farms in the United Kingdom, which includes seven projects representing 330 megawatts (MW). The solar project is launched after the acquisition of JBM Solar, UK-based renewables developer. The deal included 6.1 gigawatts (GW), split into 3.8 GW capacity of solar and 2.3 GW of […]
Motor vehicle manufacturing Ola Electric planned to launch Raahi, an electric autorickshaw manufactured by the company and marketed directly to consumers, reported the Economics Times (ET) on Wednesday, which is expected to enter the market in late March. There is a peak rise in market presence for electric vehicles, including bikes, cars, buses, and autorickshaws, […]
Logistics firm Etihad Cargo partnered with Awery Aviation Software, aviation and aerospace component manufacturing firm on Wednesday, to meet the growing demand for charter services due to the global rise in the e-commerce sector. The cargo service provider said it has implemented a customized version of Awery’s Enterprise Resource Planning (ERP) to manage its Cargo […]
Renewable energy company Adani Green Energy Limited (AGEL), on Tuesday, operationalized a cumulative capacity of 1,000 megawatts (MW) solar energy project at renewable energy park at Khavda, Gujarat. The renewable energy project installed about 2.4 million solar modules and is expected to be finished in the next five years, creating over 15,200 green jobs, said […]
