Renewable energy projects are very capital-intensive and require a large number of funds. However, ultra-low price points and rising levels of NPAs have made banks reluctant to lend to the Indian clean energy power sector. The Prime Minister of India has also stepped in to help the clean energy sector in India realize its full […]
Suzlon Bankruptcy Suzlon Energy, India’s green poster child has finally fallen into a debt death spiral. The wind turbine giant is heavily debt-laden and is unable to honor its commitments. The company always had huge debt commitments Suzlon which is India’s largest pure-play green company and one of the largest wind turbine manufacturers globally has faced challenges in […]
India has come a long way in its renewable energy commitment, so much so that the Indian Prime Minister inaugurated the Gandhi Solar Park at the UN headquarters recently. The Park is made to mark the “Gandhinian” principles and celebrating his 150th birth anniversary. The inauguration by PM Modi also signifies India’s leadership in renewable energy globally. […]
The automobile industry is going through a major paradigm change with shared mobility making a huge impact on the industry already. The recent car sales decline has been attributed by the Indian Finance Minister to the rapid growth of Uber and Ola in Indian cities, which has made the Indian consumers reluctant to buy vehicles as they […]
The Indian government is planning to build a huge 7500 MW solar park in the northern Buddhist province of Ladakh. The government had announced a plan to do that around three months ago but was facing challenges from the environmental perspective as this huge plant could affect the wildlife in the remote mountainous region. The […]