RACEnergy Opens Battery Facility Capable of Producing 30,000 Swappable Batteries PA Updated On Fri, Jun 30th, 2023 by Saurenergy RACEnergy, a deep-tech electric vehicle infrastructure company for battery swapping, has inaugurated its 10,000 sq. ft. battery production facility. Equipped with a 50 MWh battery production plant, it can manufacture 30,000 batteries per annum. As per the firm, the new facility will provide a collaborative environment for engineers and designers to push the boundaries of […] Read more
Govt Proposes To Delicence Transmission Line Setup For Bulk Consumers Updated On Fri, Jun 30th, 2023 by Saurenergy The Ministry of Power has now proposed delicensing establishing, operating and maintaining transmission lines for certain segments of power consumers and electricity generators. It includes bulk power consumers, power generating firms, captive generators, or an energy storage system (ESS). The proposal has featured in the latest Draft Electricity (Amendment) Rules 2023. The ministry has put […] Read more
ReNew Energy Commissions 27.2 MW Hybrid Renewable Project For Toyota Kirloskar Updated On Fri, Jun 30th, 2023 by Saurenergy Toyota Kirloskar Motor (TKM) has inaugurated a 27.2 MW group captive solar and wind renewable energy project, established through a joint venture with ReNew Energy Global Plc, located at Kudligi Taluk, Vijaynagara district of Karnataka State, home to TKM’s existing solar plant. The green power generated through this project will be exclusively channelled to TKM, […] Read more
Avaada Group Successfully Pockets INR 10,700 Cr as Funding Updated On Thu, Jun 29th, 2023 by Saurenergy Avaada Group, an integrated energy platform, has announced the successful closure of INR 10,700 crore ($1.3 billion) funding round. The firm says this marks a historic moment for the green energy industry in Asia and India’s renewable energy sector as this funding round is the largest equity round ever raised by any green energy company […] Read more
Funding New Thermal Power Plants May Create Stranded Assets: IEEFA Report Updated On Wed, Jun 28th, 2023 by Saurenergy A latest report by the Institute for Energy Efficiency and Financial Analysis (IEEFA) claimed that new investments in thermal power plants could potentially lead to new stranded assets. The report said it is due to the economic benefits of renewable energy. The report titled ‘Cleaning up the last pile of India’s power sector Non-Performing Assets (NPAs)’ discusses […] Read more
Leyline Renewable Capital Funds RAI Energy’s Solar and Storage Ventures Updated On Wed, Jun 28th, 2023 by Saurenergy Leyline Renewable Capital, a provider of development loans for renewable energy projects, announced a project development loan for RAI Energy, a renewable energy developer. With the assistance of Leyline Development Capital, RAI Energy is set to advance multiple large utility-scale solar and solar-plus-storage projects within the WECC market over the next four years. Mohammed S. […] Read more
European Solar Energy Startups Witness 400% Surge in Investment: Report Updated On Wed, Jun 28th, 2023 by Saurenergy A new research report by Avent Abacus reveals that total investment in European solar energy startups is up almost 400 per cent compared to last year. Reportedly, the companies received $6 billion in funding in the first five months of 2023 alone. Key Insights Avent Abacus notes that the total investment in European solar startups […] Read more
Power & Energy Consultants Wins 800 MW Solar Park Project in Uttar Pradesh Updated On Wed, Jun 28th, 2023 by Saurenergy Power & Energy Consultants India, which delves into energy consultancy services, has bagged a consultancy contract by TUSCO for an 800 MW ultra-mega solar power park in Chitrakoot, Uttar Pradesh. The consultancy will be responsible for coming up with a feasibility-cum-detailed project for the 800 MW project won through competitive bidding. The firm bagged the […] Read more
Ethiopia & China Establish Joint Research Centre to Spur RE Development in Ethiopia Updated On Tue, Jun 27th, 2023 by Saurenergy China and Ethiopia have launched a joint research and extension centre supported by the United Nations Development Programme (UNDP) to fast-track renewable energy development in Ethiopia, a country situated in the Horn of Africa. The Joint Research and Extension Center is expected to serve as a research, training and demonstration platform to enhance the capacity […] Read more
