bp Alternative Energy Investments Limited (BPAEIL) and Marubeni have inked cooperation and participation agreements to build offshore wind projects and explore decarbonization initiatives, including hydrogen. As part of their relationship, the two companies will form a joint venture to pursue offshore wind business prospects in Japan. The joint venture will be 49 per cent owned by BPAEIL. The deal is still subject to merger control approval, but it is expected to be finalised eventually.
Vegh, an electric-two-wheeler manufacturing business based in Punjab has raised $5 million in a strategic pre-series financing round from an unnamed investor. The funds’ revenues will be utilised to support Vegh’s working capital requirements, such […]
Rosatom, a Russian state-owned nuclear firm has signed a wind project development agreement with the Government of Dagestan via its wind power division, NovaWind. The two parties have agreed to build renewable energy sources as […]
Wärtsilä and AGL Energy of Finland have completed the Torrens Island grid-scale battery energy storage system (BESS) in South Australia. The BESS plant, the second-largest operational battery in the country, will have the capacity to supply […]
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