IFC, SIMA Invest $150 mn In Green Bonds For Solar Projects In Africa Updated On Thu, Feb 8th, 2024 by Saurenergy International Financial Corporation (IFC), a member of the World Bank Group (WBG), in partnership with Social Investment Managers and Advisors LLC (SIMA Funds or SIMA) and other financiers, has reached the first close of a $150 million solar green bond, which expected to finance productive-use solar projects throughout Africa. The bond is expected to finance […] Read more
Nextracker Accelerates Distributed Solar Generation, Delivers 600 Projects Updated On Thu, Feb 8th, 2024 by Saurenergy Nextracker, an integrated solar tracker and software solution provider, announced it has surpassed 600 projects delivered in its distributed generation (DG) portfolio. Driven by customers realizing significant energy gains using its NX Horizon™ solar tracker systems, Nextracker’s DG projects are deployed worldwide in commercial and industrial applications, including data centers, farming, retail, education, and manufacturing […] Read more
Yuma Energy Completes 10 Million Battery Swaps Within A Year Updated On Wed, Feb 7th, 2024 by Saurenergy Bengaluru-based Yuma Energy has developed over 125 battery swapping stations across 5 major metros and averaged 800,000 swaps every month. Battery-as-a-service (BaaS) company, Yuma Energy, a joint venture between Magna and Yulu, has announced, the completion of 10 million lifetime battery swaps in its first year of operations. The company began operations in February 2023 […] Read more
GFCL EV Plans To Invest Rs 6000cr In Next Years In EV, Energy Storage Updated On Wed, Feb 7th, 2024 by Saurenergy Gujarat Fluorochemicals (GFCL) EV Products Ltd, a subsidiary of Gujarat Fluorochemicals Ltd. (GFL), recently announced an investment of INR 6000 Crores (out of which approx. Rs 650 Cr is already invested till 31.12.2023) over the next 4- 5 years. This investment is to enable a supply of approx. 200 GWh/annually of electric vehicle (EV) and […] Read more
Servotech, Adani TotalEnergies Sign Contract To Setup EV Chargers Updated On Wed, Feb 7th, 2024 by Saurenergy Servotech, a tech enabled EV Charging solutions provider, has recently signed a contract with Adani TotalEnergies E-Mobility Ltd. (ATEL) a subsidiary of Adani Total Gas Limited for setting up Alternating Current (AC) EV chargers. Servotech Power Systems will be responsible for manufacturing, supplying and Installing AC EV Chargers at different Airports and other said locations, […] Read more
Maharashtra Hosts Highest Operational Public Charging Stations: Data Updated On Wed, Feb 7th, 2024 by Saurenergy The Minster Of State For Heavy Industry, Krishan Pal Gurjar, shared details on the status of the Operational Public Electric Vehicle (EV) charging stations in India. In a written reply to the parliament, the minister gave state-wise details of the operational public charging (OPC) for electric vehicles (EVs) as of 2nd February 2024. According to […] Read more
Stanford Study Develops Battery-Hydrogen Combo For Reliable Grids Updated On Wed, Feb 7th, 2024 by Saurenergy A recent study by Stanford University demonstrated that combining battery storage with hydrogen fuel cells can ensure low-cost reliability. In the study Stanford engineering professor Mark Z. Jacobson, he used a computer modelling system to bust the myth, he said, “The fossil fuels – rather than a combination of renewables, battery storage, and hydrogen fuel […] Read more
EU Finalizes Net-Zero Industry Act, Boosts Green Technology Deployment Updated On Wed, Feb 7th, 2024 by Saurenergy The Council and the European Parliament recently reached a provisional deal on the regulation establishing a framework of measures for strengthening Europe’s net-zero technology products manufacturing ecosystem, better known as the ‘Net-Zero Industry Act’ (NZIA). Under the agreement, there will be a single list of net-zero technologies, with criteria for selecting strategic projects in those […] Read more
Budget For Transmission Project To Boost Power In Northeast: Minister Updated On Wed, Feb 7th, 2024 by Saurenergy Union Minister for Power and New & Renewable Energy and Power (MNRE) recently informed the parliament in a written reply about the growth in the implementation of projects under the Ministry of Power (MoP) for strengthening the Intra-State Transmission System as well as the distribution system in Northeastern States and Sikkim. The minister said, “Northeastern […] Read more
