Inox Clean Energy Files for $1 Billion India IPO
Draft papers revealed on Tuesday that Inox Clean Energy filed for a public offering of up to 100 billion Rupees ($1.04billion) as it aims to capitalize on investor interest in India's clean energy growth. The renewable energy company has become the latest in a long line of companies to 'pursue' an IPO. They are betting on India’s push to increase non-fossil fuel power capacity by 500?gigawatts (by 2030) and a recovery in the primary market after a slow first half of the year.
China's clean technology exports prevented more CO2 emissions than the UK
According to a new analysis, China's green technology boom is having a greater impact on climate change than Britain's carbon emissions. According to Lauri Myllyvirta of the Centre for Research on Energy and Clean Air in Helsinki, Chinese exports of solar panels, batteries, wind turbines and electric vehicles avoided 374 millions metric tons (MtCO2) of carbon dioxide last year. China's clean tech exports to India in 2025 will?eliminate 6,900 MtCO2, a 31% increase from 2024, and about twice the emissions of India last year.
Maguire: The global energy transition is shifting from generation to integration.
The global electric grid is entering a new stage. Investment spending by utilities has shifted from solar panels and?farms to the infrastructure required to make renewable-heavy energy systems work. In Europe, Asia and Africa, as well as Oceania, Latin America and Oceania, the demand for grid equipment and batteries is still on the rise, even though solar system purchases are declining from their previous peaks. This indicates a shift from building renewable energy capacity to strengthening infrastructure that supports it.