Govt receives bids from 23 companies for tranche-II of electrolyser production

Adani Enterprises Ltd, Bharat Heavy Electricals Ltd, Avaada Electrolyser Pvt Ltd, Thermax Ltd and Waree Energies Ltd are among the 23 companies to bid for incentives to manufacture electrolysers under the second tranche of the Strategic Interventions for Green Hydrogen Transition (SIGHT) Scheme. The maximum outlay under the second tranche is ₹2,220 crore. The total

Reliance, L&T, Adani, John Cockerill to produce electrolysers by 2025

Over half the eight companies that won bids in January for electrolyser manufacturing under the production-linked incentive (PLI) scheme, have conveyed to the government that they will be able to commission their units by next year, ahead of the 2026 deadline. This will be a boost to India’s green ambitions as electrolysers are essential for

Adani will invest Rs 2.3 trn in renewable energy

Adani Group will invest about Rs 2.3 trillion through 2030 in India’s most ambitious renewable energy expansion and solar and wind manufacturing capacity addition ever as it shrugs off a short-seller attack to pursue its trademark rapid growth plans. Adani Green Energy Ltd, India’s largest renewable energy company, will invest about Rs 1.5 trillion in

Ambuja Cements to invest $723 mn in green energy

Ambuja Cements Ltd., controlled by billionaire Gautam Adani, said it will invest 60 billion rupees ($723 million) to build 1,000 megawatt of renewable power projects as the Indian conglomerate seeks to move rapidly toward its net zero goals. The Mumbai-based cement maker, which the Adani Group acquired from Holcim Ltd. last year, will be funding

AM Green seeks $1 bn funding for green fuels

AM Green, a hydrogen and ammonia producer owned by the founders of Indian renewable company Greenko Energy Holdings, is planning to raise around $1 billion to fund its growing business. The firm is reportedly working with an adviser on the fundraising to bolster its ability to produce green hydrogen and other chemical compounds. AM Green

Adani seeking to raise $4 bn to fund green hydrogen

Billionaire Gautam Adani’s Adani Group is seeking to raise as much as $4 billion to help develop manufacturing plants that would produce low-cost green hydrogen. Adani New Industries Ltd., a wholly owned subsidiary of flagship company Adani Enterprises Ltd., will take the lead raising the money from domestic and international banks and is in early-stage

India-Middle East-Europe Economic Corridor to help Adani

One of the significant agreements on the sidelines of the G-20 summit is the India-Middle East-Europe Economic Corridor, which is seen as a rival to China’s Belt and Road initiative and is expected to provide an alternative route for shipments to Europe. The plan will benefit the Adani group, which has already paid $1.2 billion

Adani forms JV with Kowa for green ammonia, hydrogen

Adani Group is investing multi-billion dollars in setting up facilities to produce green ammonia and green hydrogen from water. Billionaire Gautam Adani’s group said it has formed an equal joint venture with Japanese trading house Kowa Group for marketing of green ammonia and green hydrogen produced by the Indian conglomerate. Adani Global Pte Ltd, Singapore,

Adani to invest Rs 2,000 cr for green energy transition

Adani Electricity Mumbai revealed that the company is investing over Rs 2,000 crore to build two new transmission lines in the city. This is part of their efforts to strengthen their network as the company moves closer to going more green by sourcing as much as 60 percent of the energy needed for the city

LNG imports to pick up in India

India has set ambitious targets to become one of the world’s biggest LNG importers by more than doubling the share of gas in its energy mix to 15 per cent by 2030, helping attract a wave of infrastructure investment.