Tesla Seeks Investment Boost; Musk Courts Buffett
On social media, Musk responded to a suggestion that Berkshire Hathaway, Buffett’s investment firm, should shift its holdings from Apple to Tesla. Musk called it an “obvious” move for the value-oriented investor.
Clean Energy Accounts for 71% of New Capacity in India
Renewable energy (RE) sources like solar and wind contributed a staggering 71% of the 26 GW of new power generation capacity added during the year.
Hyundai Plans Hybrid SUVs Launch by 2027 in India
The decision comes as Hyundai, along with its subsidiary Kia, sees a growing demand for hybrid technology in India.
Serentica, Indian Oil to Invest Heavily in Renewables
In a significant move, Indian Oil Corporation (IOCL), the country’s largest refiner, announced a Rs 5,215 crore investment to build a 1 gigawatt (GW) renewable energy capacity.
$12 Trillion Investment is Required for Global Renewable Energy Expansion
COP28 President Al Jaber outlined four key priorities essential for advancing climate finance: infrastructure, technology, people, and support for the Global South.
The World’s EV Fleet Continues to Grow Strongly, with 2024 Sales Set to Reach 17 Million: IEA
This represents a continuation of the robust growth witnessed in the first quarter, where sales jumped 25% compared to the same period in 2023. Notably, the number of electric cars sold in the first three months of 2024 is already roughly equivalent to all the electric car sales in 2020.
UK-India Free Trade Deal Stalled Over Carbon Tax: Report
India has proposed a variety of options, ranging from a longer transition period to a complete exemption, arguing for special consideration as a developing nation.
Dubai Flood: Is It Climate Change or Cloud Seeding?
While the exact cause remains under debate, several factors likely contributed to the extreme weather event including climate change.
GPS Renewables Secures $50 Million in Debt Financing
The company has previously raised $20 million in equity funding from Neev Fund II by SBICap Ventures, Netherlands-based Hivos-Triodos Fund and Hyderabad-based Caspian Impact Investments.
Mahindra Group to Invest ₹1,200 Crore in Hybrid Renewable Energy Project
Mahindra Susten will lead the project’s development, partnering with global investor Ontario Teachers’ Pension Plan Board as a strategic partner.