Battery And EV Maker BYD Profit Up 162% in 2020, On Increased Demand Updated On Tue, Mar 30th, 2021 by Saurenergy The China-based automotive subsidiary of BYD, BYD Auto Co., Ltd. reported stellar profit numbers, up 162 percent for the year 2020, yesterday. The sharp profit growth are on the back of increased demand worldwide for its electric vehicles, especially buses, where it is a global leader. BYD’s net income reached 4.2 billion yuan or USD […] Read more
Global Wind Power Installations Hit Record Levels in 2020 Updated On Tue, Mar 30th, 2021 by Saurenergy Industry to install nearly 1 TW of new capacity from 2021 to 2030 114 GW of new wind capacity was added globally in 2020, representing an 82% increase year-over-year (YoY), according to new research from Wood Mackenzie. This is the highest global annual installation total on record. China’s National Energy Administration reported 72 GW […] Read more
SECI Issues Clarifications for its EOI for Renewable Solutions in Himalayas Updated On Tue, Mar 30th, 2021 by Saurenergy SECI has issued clarifications against queries raised by prospective bidders for the EoI for Renewable Solutions in remote areas of the Himalayas The Solar Energy Corporation of India (SECI) has issued clarifications against queries raised by prospective participants for the EoI for Renewable Energy (RE) based Solutions/ System /Technology for meeting energy requirements in remote […] Read more
Record Fall in Coal Generation in 2020, but Emissions Remained High: Ember Updated On Tue, Mar 30th, 2021 by Saurenergy New research has revealed a record fall in coal generation in 2020, however, power sector emissions were still higher than in 2015. New research has revealed that China was the only G20 country that saw a large increase in coal generation in the pandemic year. Globally there was a record fall in coal generation in […] Read more
Global Wind Energy Growth Must Triple by 2030 to Achieve Net-Zero: GWEC Updated On Thu, Mar 25th, 2021 by Saurenergy 2020 was the best year in history for global wind industry, but a new report warns that this growth is not enough to achieve net-zero by 2050 2020 was the best year in history for the global wind industry with 93 GW of new capacity installed – a 53 percent year-on-year increase – but a […] Read more
The BCD Calculus: Will It Deliver The Right Outcomes? Updated On Thu, Mar 25th, 2021 by Saurenergy As expected, once it did arrive, India’s Basic Customs Duty (BCD) plan for solar cells and equipment has managed to create just the sort of furore that the government claims it seeks to avoid. After all, for once, this was a decision that was long in coming, with intent having been announced last year itself, […] Read more
Chinese NEV, HEV Sales to Rise Over 15-fold by 2035: WoodMac Updated On Thu, Mar 25th, 2021 by Saurenergy Sales of China’s new energy vehicles (NEV) and hybrid electric vehicles (HEV) combined are expected to rise 15-fold or more by 2035 with their share in total new car sales exceeding 80%, says Wood Mackenzie. In the latest Energy-saving and New Energy Vehicle Technology Roadmap 2.0, China aims to phase out conventional internal combustion engine […] Read more
BCD Will Raise Solar Purchase Cost by Rs 900 Cr pa for Off-takers: Ind-Ra Updated On Wed, Mar 24th, 2021 by Saurenergy The imposition of BCD will lead to an increase in solar tariffs which will increase power purchase costs for solar off-takers by Rs 900 crore annually India Ratings and Research (Ind-Ra) has come out and said that the imposition of basic customs duty (BCD) on solar cells and modules with effect from 1 April 2022 […] Read more
India Needs to Generate 83% Electricity From RE to Achieve Net-Zero Emissions by 2050: CEEW Updated On Mon, Mar 22nd, 2021 by Saurenergy India would need to generate at least 83% of its electricity from renewable sources by 2050, if it is to achieve net-zero emissions, according to a new study by CEEW India would need to generate at least 83 percent of its electricity from (non-hydropower) renewable energy sources by 2050, if it were to commit to […] Read more
