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Thai Energy Billionaire Sarath Ratanavadi Boosts Investment in Crypto

Thailand’s second-richest billionaire, Sarath Ratanavadi, has said he is increasing investments in the blockchain ecosystem, despite the crypto industry’s bitter winter, according to Bloomberg. Sarath Ratanavadi is the founder and chief executive officer of Gulf Energy Development, a leading Thai energy company with domestic and international projects. He said the move is to diversify revenue …

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Europe Energy Crisis: Fertilizer usage is being pummeled by Europe’s energy crisis

The energy crunch throttling Europe’s fertilizer output is threatening to force the world’s farmers to use even less of the nutrients crucial for growing food. Soaring prices of gas, a key feedstock, have already curtailed a quarter of Europe’s nitrogen fertilizer capacity, CRU Group estimates. Now, worries are mounting that the crisis will worsen. For …

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NTPC Shares Gain 3% As The Co. Begins Fund Raising For Its Clean Energy Platform

Stocks oi-Roshni Agarwal | Published: Wednesday, August 17, 2022, 10:04 [IST] Shares of power generation and distribution entity NTPC in early trade on August 17, 2022 zoomed up to 3% to day’s high price of Rs. 163.5. Considering the last traded price of Rs. 163.2, the stock is just a tad away from its 52-week …

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Best of BS Opinion: Powering renewable energy, PM’s I-Day speech, and more

Prime Minister Narendra Modi’s speech on the 75th anniversary of Indian independence highlighted again his unique ability to connect with the Indian electorate on any given occasion. This time, the agenda for the speech was to double down on social reform and reconstruction of various kinds. The top edit assesses the key tenets of …

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Russia-backed Indian refiner Nayara Energy posts record profit

NEW DELHI: NEW DELHI: India’s Nayara Energy, part owned by Russian oil major Rosneft, posted a record quarterly profit in April-June as its margins improved due to higher intake of discounted Russian oil and fuel exports. Nayara posted a net profit of about 35.64 billion rupees($447.5 million) in the June quarter compared to a net …

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air conditioners: ACs to cost more as new energy rating norms set to come into play

If you have purchased an air-conditioner this summer, it’s all set to become notionally obsolete from July. The energy rating rules for ACs are set to change from next month whereby the star ratings will be tightened by one level, making existing product lines one star lower. So, a 5-star AC purchased this summer will …

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The Inflation Reduction Act: Key Provisions Regarding the ITC and PTC | Blogs | Renewable Energy Outlook

Earlier today, the House of Representatives passed the Inflation Reduction Act of 2022 (the “Act”), which the Senate passed on August 7, 2022.  President Biden has indicated that he will sign the Act into law.  The Act substantially changes and expands existing federal income tax benefits for renewable energy, including the existing Section 45 production …

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