Global South Surges Ahead in Renewable Energy Investment

16 Oct 2024 CW Team

The Global South is rapidly surpassing the Global North in renewable energy deployment, with 87% of power investments in 2024 flowing into clean technologies, according to new research from RMI. Solar and wind generation in developing nations has grown by 23% annually over the past five years, putting them just five years behind advanced economies in the clean energy transition.

Countries across Latin America, Africa, South Asia, and Southeast Asia are capitalizing on their vast renewable potential, which accounts for 70% of global resources. Brazil stands out as the second-largest global contributor to wind and solar capacity growth in 2023, only behind China. However, regions like Africa and Southeast Asia lag, with renewables comprising just 5% of their power mix.

The findings, released ahead of COP29, highlight the need for a sixfold increase in annual clean energy financing to meet 2030 goals. Experts warn that failure to support developing nations in scaling clean energy projects could undermine global efforts to limit warming to 1.5°C.

Real Estate

05 Sep 2025

Vitizen Hotels Signs Deal at Manyata Tech Park

Vikram Kamats Hospitality, as part of its ongoing expansion in key metropolitan markets, announced that its material subsidiary, Vitizen Hotels, has signed a long-term lease agreement for a 45-key hotel property at Manyata Tech Park, Bengaluru.Strategically located in the city’s prominent IT hub, the property is well-positioned to serve corporate travelers, business professionals, and long-stay guests. The addition aligns with the company’s asset-light growth model, leveraging long-term leases to expand its footprint in high-demand urban markets.The hotel is expected to strengthen the comp..

CONCOR Signs MoU with BPIPL to Operate Container Terminal at Bhavnagar Port

Container Corporation of India (CONCOR) has signed a Memorandum of Understanding (MoU) with Bhavnagar Port Infrastructure (BPIPL) on September 4, 2025, in New Delhi to operate and maintain the upcoming container terminal at the northside of Bhavnagar Port, Gujarat.BPIPL had earlier entered into an agreement with the Gujarat Maritime Board (GMB) in September 2024 for the port’s development. Under this arrangement, 235 hectares of land has been leased to BPIPL for 30 years, with provision for expansion by an additional 250 hectares.The new terminal is expected to significantly enhance logistic..

Concord Launches India’s First Indigenous Zero-Emission Rail Propulsion

Concord Control Systems (CCSL), a leader in embedded electronics and critical rail technologies, has announced the development of India’s first fully indigenous zero-emission propulsion system, marking a significant step toward the country’s railway electrification and net-zero goals for 2030.Powered by Lithium Iron Phosphate (LFP) batteries and featuring a DC chopper-based drive, the propulsion system eliminates idling losses common in diesel engines, offering higher efficiency, lower costs, and zero emissions.What sets this innovation apart is its completely indigenous design. Except for..