The company in an exchange filing said that it aims to increase the production of batteries by at two-and-a-half times in the coming fortnights through its subsidiary PowerMetz Energy in which it has 80 per cent ownership.
During the call, the three sides agreed that the trilateral initiative will serve as a forum to promote the design and execution of cooperation projects in the fields of energy, with a focus on solar and nuclear energy, as well as in the fight against climate change.
India is all set to cross the 100GW renewable energy capacity mark in 2020 and can make rapid strides towards the ambitious 175GW clean energy target by 2022 provided the government keeps a close eye on key issues and deals with those well in time. The government however needs to promote storage to ensure 24X7 clean energy supply as coal fired thermal power still remains the base load in the country.
Berlin, Apr 10: Germany will provide India a soft loan of euro 1 billion (Rs.71 billion) for strengthening the transmission system of renewable energy in several states, a top official said Wednesday.The loan will be
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