Husk gets $ 4 mn from Electrifi to expand rural India mini grids
Shell plans to acquire 100% stake in Actis for over $1 billion
Shell Overseas Investment B V has signed an agreement with Actis Solenergi Limited to acquire a 100% stake in Solenergi Power Private Limited and Sprng Energy for $1.55 billion.
Sprng Energy is a supplier of solar and wind power to electricity distribution companies (discoms) across India. It has a portfolio of 2.9 GW of assets, and 7.5 GW of renewable energy projects are in the pipeline. Director of Shell, Integrated Gas, Renewables and Energy Solutions, Wale Sawan, said that this deal would make Shell the first to build an integrated energy transition business in India.<..
Husk Power Systems bags $4 mn fund for India’s rural microgrids
On Tuesday Smart Power India said that their partner Husk Power Systems has secured the largest debt financing of $4 million for India’s rural microgrids to build 140 mini-grids in rural parts of India.
Husk Power Systems, partner of Smart Power India has secured the finance for the construction of 140 mini-grids for the encouragement of reliable access to electricity until the last mile. The total amount received is $4 million from the Indian Renewable Energy Development Agency Limited (IREDA), the statement said. The IREDA loan to Husk Power Systems is the biggest..TVS Motor Unveils Electric Two-Wheeler
TVS Motor Company, a leading two-wheeler manufacturer in India, has unveiled its latest addition to the electric vehicle segment with the launch of the TVS iQube Electric in Bengaluru. This move marks the company's foray into the burgeoning electric vehicle market, aligning with the global shift towards sustainable mobility solutions.
The TVS iQube Electric promises to redefine urban commuting with its advanced technology and eco-friendly features. Boasting a sleek design and compact structure, the electric scooter is tailored to meet the evolving needs of urban commuters, offering a s..