Thirty-six years after the Union government set up the Indian Renewable Energy Development Agency (IREDA) for promoting, developing and extending financial assistance for sustainable energy development, the agency is all set to go public through an initial public offering (IPO). This is a welcome development as not only can IREDA raise money from the equity…
Bengaluru-based electric vehicle (EV) startup Ather Energy has successfully secured ₹900 crore (approx $108 million) from its existing shareholders Hero MotoCorp and GIC through a rights issue. Hero MotoCorp, which already holds a 33.1% stake in Ather Energy, has committed to investing up to ₹550 crore (approx $66 million) in the EV startup’s rights issue….
Germany’s recent decision to disassemble a major wind farm while simultaneously expanding an adjacent open-pit lignite coal mine underscores the vicious hypocrisy of the Global North when it comes to actual action by governments on the climate crisis. Once again, the developing world is confronted by a paradox of environmental advocacy and contradictory actions by…
On May 4, the Tata Group took a significant step toward sustainability by introducing sustainable aviation fuel (SAF) usage, as a Vistara flight successfully completed a wide-body domestic flight from Delhi to Mumbai. The flight utilized a blend of 17% SAF and 83% conventional jet fuel. Following suit, AirAsia India, a subsidiary of Air India…
At a time when ESG parameters appear to be dropping off from the PE / VC priority lists while they debate funding a business, Google has come out with a set of sustainability APIs that uses the company’s artificial intelligence (AI) knowledge to provide real-time data pollution. These products apply AI and machine learning, along…
Climate change is real and it’s quite obvious from the extreme weather conditions prevailing across different geographies. While parts of Europe are sweltering under record-breaking temperatures resulting in wildfires, massive floods have caused severe destruction and loss of lives in others. India has already witnessed both extremes this season. While the country is facing its…
Strong demand from eCommerce companies and consumer goods manufacturers and suppliers is giving a much-needed fillip to the electric vehicles industry in India, more specifically the two-wheeler and three-wheeler segment. Companies such as HUL, Swiggy, Coca-Cola, Zomato, Amazon, Flipkart, BigBasket and Amul are among a host of big players that have either switched to EVs…
Contrary to popular belief, the world’s electric vehicle revolution is not being driven by the Teslas or other big brands in the passenger car segment. If anything, the shift from fossil fuels to more sustainable forms of transportation could be arriving on two-wheels, which incidentally accounts for close to a third of global mobility. Though…
India is at a crossroads. It can either continue to rely on fossil fuels, which are dirty and unsustainable, or it can repower its energy sector with clean energy sources. The choice is clear. Repowering India with clean energy is the only way to ensure a sustainable future for the country. There are many benefits…
India is one of the world’s fastest growing economies, and its energy needs are growing rapidly. In order to meet these needs, India must repower its energy sector. This means transitioning away from fossil fuels and towards renewable energy sources such as solar and wind power. There are many reasons why India needs to repower…
