CARE Downgrades Outlook of 11 Telangana Solar Firms Updated On Tue, Aug 13th, 2019 by Saurenergy After CRISIL, Indian ratings agency CARE has downgraded the outlook of 11 solar companies in the wake of AP order to review PPAs. Care Ratings has revised its outlook to negative on the borrowing programs of 11 solar power producers. The agency did so due to delayed payment to the solar firms by distribution companies in Telangana […] Read more
Blackout in UK Brings Issue of Grid Stability and Renewable Power to the Forefront Updated On Tue, Aug 13th, 2019 by Saurenergy Britain’s National Grid is in focus after it was asked to explain the blackout on August 9, which resulted in almost a million people going without power and disruptions across the board. The blackout on Friday in Britain was the biggest in more than a decade and the evening occurrence caused rush hour travel disruption […] Read more
Central Railways’ Danapur Division to go Solar Updated On Mon, Aug 12th, 2019 by Saurenergy The East Central Railways’ Danapur division has reportedly taken a decision to switch completely from the conventional power to solar energy. The Indian Railways Danapur division has signed an agreement with a private company and is likely to install solar energy systems at all its main office buildings and railways stations by the end of […] Read more
China’s Benling Planning New E-Bike Launch in India Updated On Mon, Aug 12th, 2019 by Saurenergy After successfully selling close to 800 electric two-wheelers in the country, Chinese EV maker Benling India is planning to launch an all-new electric bike to rival India’s Revolt 400. Boosted by the demand for its electric two-wheeler products, China’s Benling has announced its plan to expand its electric portfolio with more EVs soon. Benling India […] Read more
NTPC’s Tender for 1,200 MW Solar Projects Gets no Response Updated On Fri, Aug 9th, 2019 by Saurenergy NTPC’s latest tender for solar projects for 1,200 MW found no bidder, the first total rejection by since it started inviting bids for renewable energy. NTPC’s latest tender for solar projects for 1,200 MW found no bidder, the first total rejection by project developers since the navratna state firm started inviting bids for renewable energy, […] Read more
Mahindra Plans More EVs This Year Updated On Thu, Aug 8th, 2019 by Saurenergy The GST rate cuts have not only reduced the prices of electric vehicles but also spurred companies like Mahindra to plan more rollouts. Mahindra and Mahindra said that it is expediting some of its new electric vehicles projects and now wants to work on all new electric vehicles made for India. While interacting with the media at […] Read more
India Ratings Raises Risk Concern for PPAs Signed With SECI, NTPC Updated On Thu, Aug 8th, 2019 by Saurenergy In its revenue risk analysis, the India Ratings and Research a part of Fitch Group found that the Power Purchase Agreements signed by NTPC and SECI are vulnerable to risks. Contrary to the general belief that the PPAs signed between the Renewable energy companies and reliable counter parties like Solar Energy Corporation of India (SECI) […] Read more
India Mulls Subsidies for Battery Manufacturing Updated On Tue, Aug 6th, 2019 by Saurenergy The government is in the process of zeroing down a direct subsidy plan for battery manufacturing in the country. The government is working on a direct subsidy plan of about Rs 700 crores which will aim to attract Indian as well as foreign firms to play a part in domestic manufacturing of batteries. Benefits such […] Read more
Tata Motors Betting Big on Electric Vehicles Updated On Mon, Aug 5th, 2019 by Saurenergy The automaker has plans to unveil a new electric car this fiscal year. Tata Motors is working on electric vehicles for private buyers and will soon introduce a higher range of the Tigor EV and a new model by the end of this fiscal year, said Shailesh Chandra, president electric mobility business & corporate strategy […] Read more
