Borosil Renewables Ltd, India's first and only solar glass manufacturer, announced that it has acquired an 86% stake in InterFloat Group. The Interfloat Group consists of two companies - GMB Glasmanufaktur Brandenburg GmbH (GMB), headquartered in Tschernitz, Germany, and Interfloat Corporation, headquartered in Liechtenstein. The company said it aims to strengthen the market leadership that Interfloat has established by more effectively meeting the needs of European customers.
Asia's richest man, Gautam Adani, is in exploratory talks for a large-scale renewable energy project in Morocco. The project aims to provide Europe with electricity and emission-free fuels. This could be Adani's largest clean energy development outside India, with a potential capacity of up to 10 gigawatts.
Conclave provides stakeholders with ideas for investing in future infrastructure projects, programs, government strategies and market-leading innovations. The conference is designed to be a discussion and networking platform for industry representatives, policy makers, business leaders, academics, researchers, professionals, administrators and education leaders. India currently consumes about 4.44 million barrels of crude oil per day, of which 3.43 million barrels (nearly 88%) are imported.
Novi Pazar is the third city in Serbia to install a biomass heating plant after Mali Zvornik and Priboj. The heating plant, with a capacity of 8 MW and two auxiliary units, 4.5 MW and 7 MW, will be fueled by natural gas. KfW provided the loan, and the Swiss National Secretariat for Economic Affairs approved the grant.
The Capgemini Institute's report, "Automotive Sustainability: From Ambition to Action," analyzes the current maturity of sustainability initiatives across the industry. Total greenhouse gas (GHG) emissions have decreased by only 5% since 2018 and are expected to decrease by a further 19% by 2030. At this rate, the industry is unlikely to meet its overall goal of net emissions. Zero emissions by 2050. Only 41 percent of executives surveyed said their organization had a dedicated sustainability program for battery end-of-life; for secondary batteries, that dropped to 28 percent. Customers are reluctant to switch to electric vehicles due to range anxiety, charging costs, ease of use of spare parts for internal combustion engine (ICE) vehicles, and more attractive repair options. Poor integration of key sustainability performance indicators and performance management has stalled the implementation of these initiatives.
American expert Professor John H. Perkins said that replacing fossil fuels with renewable energy requires not only continued investment, but also changes in investment decisions. He was speaking at the Professor David Pimentel Memorial Lecture during the ongoing three-day International Conference on Ecology in India. The conference is hosted by Sher-Kashmir University of Agricultural Science and Technology (SKUAST)-Jammu.