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…
