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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 […]
Renewable energy power generation company Jakson Green collaborated with Solar Energy Corporation of India (SECI) on Monday, by signing its first power purchase agreement (PPA) for a utility-scale solar photovoltaic (PV) power plant. The company said Jakson will make sure the required permits are obtained and Inter State Transmission System (ISTS) network is connected in […]
Emirate of Abu Dhabi-owned ADNOC acquired about 30% shareholding in OMV AG (OMV), an energy and chemicals group from Mubadala Investment Company (Mubadala) financial institute on Friday, to accelerate the delivery of its chemical growth strategy. Following the transaction, the company said it will own 24.9% of OMV, while Austrian-based firm Österreichische Beteiligungs AG (ÖBAG), […]
Renewable Energy firm Masdar completed the acquisition of 49 per cent shareholding in RWE’s 3 gigawatts (GW) planned offshore wind farms Dogger Bank South (DBS) project worth £11 billion ($13.90 billion) investment, on Thursday. In early December, this Joint venture was initiated at COP28 in Dubai, where RWE holds a 51% stake in the UK […]
Chinese mining firm Yintai Gold, on Sunday, said it will buy industry peer Osino Resources Corp in an all-cash deal for C$368 million ($272 million), by acquiring all the outstanding common shares of Osino. Under this agreement, Yintai will offer cash consideration of C$1.90 for each Osino common share, said the company and added, the […]
Chemical manufacturer Chevron Phillips Chemical (CPChem) in collaboration with oil and gas company QatarEnergy on Monday, commenced the construction of $6 billion integrated polymers complex in Ras Laffan Industrial City in Qatar. The Texas-based firm owns 30% and QatarEnergy owns 70% of the stakes of the project, said the firm. Additionally, CPChem will provide project […]
Indian government-backed company NTPC Green Energy Limited (NGEL), on Thursday, said Narendra Modi, Prime Minister of India will dedicate 300 MW Nokhra Solar Project of Renewable Energy NTPC to the nation. The energy company said this dedication will be held through a video-conferencing call, on Friday. The project is being executed under the Central Public […]
