Azelio, CITRUS Ink MoU for Energy Storage Supply to C&I Customers in Mexico, America Updated On Mon, Jun 22nd, 2020 by Saurenergy Swedish company Azelio has entered into a Memorandum of Understanding (MoU) with Mexican, CITRUS JMK S.A DE C.V (CITRUS) to assess energy storage for agricultural, mining, food and beverage, tourism and the oil & gas industry in Mexico, North and Central America. Commenting on the partnership, Jonas Eklind, CEO of Azelio, said that “CITRUS is […] Read more
Renewable Enterprise Software Firm Pexapark Raises €6m Funding Updated On Mon, Jun 22nd, 2020 by Saurenergy Zurich, Switzerland based Pexapark has raised €6m in its second funding round. The firm was started up in 2017 by Michael Waldner, Luca Pedretti and Florian Müller, BayWa r.e. Energy Ventures, Encavis, and RP Global are the investors that have invested to back Pexapark’s software and advisory services that help manage financial risk in the […] Read more
With Focus On Chinese Imports, Familiar Tussle Returns For Solar Sector Updated On Mon, Jun 22nd, 2020 by Saurenergy Imports in the solar sector, where Chinese origin equipment is said to account for anything between 78 percent to 85 percent of equipment used, are back in focus. Reports quoting sources say that the government has sought product-wise details of cheap imports, comparison with domestic prices and tax disadvantage, if any, from industry to curb […] Read more
RK Singh Asks Discoms to Submit Monthly Report on Grid Connected Rooftop Solar Program Updated On Fri, Jun 19th, 2020 by Saurenergy The Power and New & Renewable Energy Minister RK Singh directed power distribution companies (Discoms) and State Nodal Agencies (SNAs) to submit the monthly status of implementation of grid-connected rooftop solar program. The move came in the backdrop as the Ministry of New and Renewable Energy (MNRE) is implementing phase-II of grid-connected rooftop solar programme […] Read more
Highview Power Gets £10 Mn Grant From UK Govt for 50 MW CRYOBattery Updated On Fri, Jun 19th, 2020 by Saurenergy Highview Power has been awarded a GBP 10 million grant from the UK Department for BEIS for a 50 MW cryogenic energy storage (CRYOBattery) facility. Highview Power, a global leader in long-duration energy storage solutions, has announced that it has been awarded a GBP 10 million grant from the UK Department for Business, Energy & […] Read more
Dark Clouds Gathering Over C&I Segment, Says ICRA Updated On Fri, Jun 19th, 2020 by Saurenergy In a report carried by wire agencies, ICRA’s (Formerly Investment Information and Credit Rating Agency of India) sector head and VP Girishkumar Kadam has been quoted as saying that renewable energy developers, based on third party or group captive off-take remain exposed to regulatory risk. The segment, called the C&I or commercial and industrial segment […] Read more
India will be a Manufacturing Hub for EVs Within 5 Yrs: Gadkari Updated On Thu, Jun 18th, 2020 by Saurenergy India will become a manufacturing hub for electric vehicles (EVs) in next 5 years, said by Nitin Gadkari, the Union Minister for Road Transport & Highways and MSMEs. Minister confidently said that his government is trying to extend best possible concessions to the sector, and has lowered the Goods and Services Tax (GST) on electrical […] Read more
Sungrow Unveils New Central Inverter at Virtual Show Updated On Thu, Jun 18th, 2020 by Saurenergy Chinese inverter manufacturer Sungrow has on Thursday unveiled its new central inverter SG6250HV-MV during a virtual show organised amidst the changing market conditions due to coronavirus pandemic. The company said in a statement that the turnkey station SG6250HV-MV for 1500Vdc system integrated 2 units of outdoor central inverter SG3125HV-30 with medium-voltage transformer and other components […] Read more
Energy Major bp on its Transformation; Plans to Set Up Global Biz Service Centre in Pune, Employ 2,000 Updated On Thu, Jun 18th, 2020 by Saurenergy Energy supermajor bp on Thursday has revealed its plan to set up a major new centre for its global business services (GBS) operations in Pune, and for the same, it will hire around 2,000 people in next few months. Further, this bp-owned and operated centre is expected to begin operations by January 2021. The company […] Read more
