Author: Saur News Bureau

ScottishPower Acquires 800MW Solar Portfolio in UK

ScottishPower, owned by Spanish energy firm Iberdrola, has signed two deals to acquire 17 solar photovoltaic (PV) projects in Britain, with a combined capacity of more than 800 megawatts (MW), the company said on Friday. The deals take ScottishPower’s market share of Britain’s solar industry to 9% from 2%, the firm said. ScottishPower has bought […]

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Delhi Leans On Aggregators, Logistics Firms For Quick EV Gains

The AAP (Aam Aadmi Party) run Delhi state government has now notified a draft “aggregator’s policy”, under which ride aggregators and delivery services will have to mandatorily adopt EVs while procuring new fleet. Just two weeks back, the state transport minister had stuck to a gentle urging to aggregators, hence the move to mandatory shift […]

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Hydrogen Economy Hints at New Global Power Dynamics: IRENA

Rapid growth of the global hydrogen economy can bring significant geoeconomic and geopolitical shifts giving rise to a wave of new interdependencies, according to new analysis by the International Renewable Energy Agency (IRENA). Geopolitics of the Energy Transformation: The Hydrogen Factor sees hydrogen changing the geography of energy trade and regionalising energy relations, hinting at […]

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Himachal Pradesh to Add 10GW RE Capacity by 2030: New Energy Policy

With the approval of new energy policy by state cabinet on Friday, Himachal Pradesh has set the target of producing 10,000 MW additional green energy. Various provisions have also been made in the new energy policy to achieve the target of harnessing and commissioning 10,000 MW of hydro energy by 2030 to have an operational […]

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Long-term Finance at Low Rates for Power, RE in Budget, expects ICRA

Availability of adequate long-term financing at competitive rates is key in achieving India’s renewable goals, rating agency ICRA said as part of its pre-Budget expectations report. The Union Budget for FY23 will be tabled in the Parliament on February 1. The rating agency said that incentives and relevant policy measures are needed to promote investments […]

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Hero MotoCorp Invests Rs 420 crore in Ather Energy

Hero MotoCorp, India’s largest two wheeler maker, is investing Rs 420 crore in electric scooter maker Ather Energy, even as it is readying its own product for the local EV market. The company’s board has approved the investment in one or more tranches, according to a regulatory Nling Friday. Prior to the proposed investment, Hero […]

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PLI Battery Scheme Has 10 Bidders. Reliance, L&T, Amara Raja Bid

Bids from 10 companies have been received for the government’s PLI Battery scheme, or ‘National Programme on Advanced Chemistry Cell (ACC) Battery Storage’. Seen as a key initiative to ensure 50 GWh of ACC battery storage manufacturing capacity in the country. The Rs 18, 400 Lucas-TVS, Exide Indcrore production-linked incentive (PLI) scheme for advanced chemistry […]

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Power Ministry Issues Guidelines For Faster Roll Out Of Charging Infra For EV’s

The Union Ministry of Power has promulgated the revised consolidated Guidelines & Standards for Charging Infrastructure for Electric Vehicles (EV) on 14th January,2022. The objective seek to enable a faster adoption of electric vehicles in India by ensuring access to  quality, readily available and  affordable Charging Infrastructure and eco-system. The guidelines should help energise the […]

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EV Startup EVage Raises $28 M from RedBlue Capital

Electric commercial vehicle startup EVage on Friday said it has raised $28 million (over Rs 205 crore) from US-based venture capital firm RedBlue Capital. The funding will allow EVage to complete its factory outside of Delhi in FY 2022-23 and scale up production, the company said. EVage supplies EV trucks to major delivery fleets, such […]

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