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TDK Ventures launches Fund EX1 to invest in energy and climate startups

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The company announced that its wholly-owned subsidiary, TDK Ventures Inc., will create its third fund with $150 million in new capital. TDK Ventures has announced the creation of its new Fund EX1, which will have a capitalization of $150 million and will invest in companies developing climate and energy technology. The new fund will concentrate […]

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NGEL and HMEL sign MOU for the supply of renewable energy

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This partnership’s overarching objective is to facilitate the shift towards using renewable energy sources by providing clean and reliable power. Collaboration in the field of renewable energy: NGEL will supply HMEL with 250 MW of round-the-clock (RTC) power derived from renewable energy sources. This is to fulfill the requirements of HMEL. NGEL and HMEL will investigate

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BEST is the official transport partner for G20 delegates in Mumbai

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The Brihanmumbai Electric Supply and Transport (BEST) undertaking in Mumbai has been responsible for serving as the official transport partner for the G20 meetings held in the city from May 21 to May 23. The recently introduced app-based premium service BEST offers includes high-end electric air-conditioned and electric buses tasked with transporting the delegates. These

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Industry to establish targets following the Green Open Access Rules 2022

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The Minister of New and Renewable Energy for the Union, R. K. Singh, issued an order requiring the Industry to establish targets under the Green Open Access Rules 2022 last week. The government notified the Green Open Access Rules 2022 in June 2023 to further accelerate India’s renewable energy initiatives. The promulgation of these laws

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Solar power farms in India are on an upswing, according to Crisil

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According to research by the rating firm Crisil, solar power farms in India have seen their efficiency grow from 59% to 75% due to more prolonged and sunnier days. The percentage of projects that reached the P90 generation level increased, with 75% stating that they achieved P90 in the current financial year, compared to 59%

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RBI’s CSR regulation change to encourage climate action

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To speed up green transformation, the Reserve Bank of India (RBI) has proposed amending the decade-old corporate social responsibility laws regulated by Section 135 of the Companies Act, 2013. In keeping with the country’s green-transition ambitions, the central bank proposes a five-pronged CSR fund strategy to encourage business climate action in its annual Report on

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BALCO Signs a 105MW Renewable Energy Contract

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A significant producer of aluminum in India and a Vedanta affiliate, BALCO (Bharat Aluminium Company), has partnered with SRIP to procure 105MW of hybrid renewable energy for its aluminum facilities in Chhattisgarh, India. BALCO will employ hybrid renewable energy from wind and solar sources to serve its Korba-based smelter instead of the current non-renewable power

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Jakson Green wins over 1 GW of renewable EPC orders

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In a record amount of time, Jakson Green, supported by the global infrastructure and renewables company Jakson Group with headquarters in India, has acquired over 1 GW of renewable EPC orders for the Middle East, Africa, and India. In addition to its impressive renewable EPC orders in India, Jakson Green has won EPC projects with

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RBI has released a framework for green deposits

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The Reserve Bank of India has published comprehensive guidelines for accepting “green deposits” by banks and NBFCs. The funds might be utilized for financing initiatives like renewable energy, environmentally friendly transportation, and green construction. In releasing the guidelines for accepting green deposits by regulated entities, the RBI noted that green finance is also steadily gaining

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Major Venture Capital Firms Launch Venture Climate Alliance

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A group of 23 venture capital firms, the Venture Climate Alliance (VCA), was formally established last week to promote aggressive climate action that will end corporate carbon emissions. Energy Impact Partners, Prelude Ventures, Capricorn Investment Group, DCVC, Tiger Global, Galvanise Climate Solutions, S2G Ventures, Union Square Ventures, World Fund, 2150, and other well-known climate impact-focused

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Climate Watch

TDK Ventures launches Fund EX1 to invest in energy and climate startups

NGEL and HMEL sign MOU for the supply of renewable energy

BEST is the official transport partner for G20 delegates in Mumbai

Industry to establish targets following the Green Open Access Rules 2022

Solar power farms in India are on an upswing, according to Crisil

RBI’s CSR regulation change to encourage climate action

BALCO Signs a 105MW Renewable Energy Contract

Jakson Green wins over 1 GW of renewable EPC orders

RBI has released a framework for green deposits

Major Venture Capital Firms Launch Venture Climate Alliance

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