China’s Envision Energy to Supply 1.9 GW of Wind Turbines to India Updated On Thu, Mar 24th, 2022 by Saurenergy The second-largest wind manufacturer of China – Envision Energy Co – has revealed that the company has received 1.9 gigawatts (GW) of turbine orders from India. Envision is looking for overseas markets and driving its sales figures on outside China orders as the domestic market is becoming increasingly competitive. As per the press release Envision will be supplying a total of […] Read more
Vikram Solar Limited files DRHP with SEBI Updated On Thu, Mar 24th, 2022 by Saurenergy Vikram Solar Limited (VSL), one of India’s largest solar module manufacturers, in terms of operational capacity, and also an integrated solar energy solutions provider offering engineering, procurement and construction (“EPC”) services, and operations and maintenance (“O&M”) services as of December 31, 2021, has filed its DRHP with SEBI. With this, VSL follows another industry leader, […] Read more
MHI sanctions 2877 EV charging stations under FAME Phase-II Updated On Thu, Mar 24th, 2022 by Saurenergy The Ministry of Heavy Industries (MHI) has sanctioned 2877 charging stations in 68 cities across 25 states/UTs under Phase-II of FAME India Scheme. The details of solar-based charging stations sanctioned and installed in the cities and states under FAME India Scheme Phase-II are as follows: Additionally, MHI has sanctioned 1576 EV Charging Stations across 16 […] Read more
Solar recharging of EVs far more efficient use of land than ethanol crops for blended fuel in India: IEEFA Updated On Thu, Mar 24th, 2022 by Saurenergy A new report by the Institute for Energy Economics and Financial Analysis (IEEFA) shows that generating solar energy to recharge electric vehicle (EV) batteries would be a far more efficient use of land than growing crops for ethanol. India’s 2025 target for 20% ethanol blending in petrol requires large increases in ethanol from sugar and […] Read more
SK E&S acquires EverCharge, sets foot in US EV charging market Updated On Thu, Mar 24th, 2022 by Saurenergy Korean LNG player SK E&S is entering the U.S. electric vehicle charging market, an official announcement said. On March 23, SK E&S announced the acquisition of EverCharge, an EV charging solution provider in the U.S. This is reportedly the first time a Korean company has acquired the management rights of an EV charging company based in the U.S. […] Read more
Bounce Infinity partners with Greaves Retail for battery swapping stations Updated On Thu, Mar 24th, 2022 by Saurenergy Swappable battery infrastructure provider Bounce Infinity has partnered with Greaves Retail, the retail business division from Greaves Cotton, to provide battery swapping stations for its EV fleet to accelerate the adoption of affordable mobility with battery-as-a-service. The battery swapping service will be for both electric 2-wheelers (Ampere) and 3-wheelers. The company has identified Bengaluru as […] Read more
LG Energy Solution to set up EV battery JV with Stellantis in Canada Updated On Thu, Mar 24th, 2022 by Saurenergy South Korean battery giant LG Energy Solution Ltd (LGES) said on Wednesday it plans to invest 1.8 trillion won ($1.48 billion) to set up a joint venture with Stellantis NV in Windsor, Canada. In October, LGES and Stellantis NV struck an electric vehicle (EV) battery production joint venture, targeting to start production by the first […] Read more
PLI scheme to account for 13-15% capex in key industrial sectors over 3-4 years: Crisil Updated On Thu, Mar 24th, 2022 by Saurenergy Production Linked Incentive (PLI) scheme will account for 13-15 per cent of the average annual investment spending in key industrial sectors over the next three-four years, according to a report by Crisil. Since its introduction in March 2020, PLI has been announced for 15 sectors, involving government incentives to the tune of Rs 1.93 lakh […] Read more
MoP makes conciliation committees to help CPSUs in dispute resolution Updated On Wed, Mar 23rd, 2022 by Saurenergy The Ministry of Power (MoP) has introduced a conciliation mechanism for the settlement of contractual disputes in the contracts of CPSUs / statutory bodies under MoP executing power projects. In order to help CPSUs, three Conciliation Committees of Independent Experts (CCIEs) have been constituted: Each CCIE will comprise 3 members with a high level of […] Read more
