Ford Raises Investment in EV & AV Leadership Up To $29 Billion Updated On Fri, Feb 5th, 2021 by Saurenergy US automaker Ford Motor Company has announced to increase investments in electric vehicles (EVs) and autonomous vehicles to USD 29 billion. The company ended 2020 strongly, improving its automotive and credit businesses in the fourth quarter. Speaking of their achievements, Ford President and CEO Jim Farley stated, “The transformation of Ford is happening and so […] Read more
NexWafe Lands €10 Mn Funding Round, Aims to Cut Solar Production Costs by 30% Updated On Fri, Feb 5th, 2021 by Saurenergy High-efficiency monocrystalline silicon wafer manufacturer gears up for commercialization of its wafer technology, adds veteran VC to corporate board NexWafe GmbH, today announced completion of a €10 million capital raise with participation from both existing and new shareholders. Pioneers of in-line epitaxy for production of high-efficiency monocrystalline silicon wafers, NexWafe’s EpiWafers provide solar panel manufacturers […] Read more
Government of Quebec Signs New Wind Power Purchase Agreement Updated On Fri, Feb 5th, 2021 by Saurenergy RES is pleased to announce that Hydro-Quebec has signed a Power Purchase Agreement with Parc éolien Apuiat S.E.C., a partnership between the Innu First Nation communities in Quebec and Boralex Inc. The Partnership is concurrently purchasing the 200MW wind project from RES, which is located in the Côte-Nord region of Québec, Canada. RES launched the development of the site in 2012 and teamed in 2016 with Boralex to […] Read more
1 in 6 Passenger Cars Registered in EU in Q4 was Electrically-Chargeable Updated On Fri, Feb 5th, 2021 by Saurenergy In Q4 2020, nearly one in six passenger cars registered in the European Union (EU) was an electrically-chargeable vehicle (16.5 percent). In the fourth quarter (Q4) of 2020, nearly one in six passenger cars registered in the European Union (EU) was an electrically-chargeable vehicle (16.5 percent). Stimulus packages introduced by governments to boost demand, following […] Read more
Finance Ministry Permits AP to Borrow Additional Rs 1515 Cr for Power Sector Reforms Updated On Fri, Feb 5th, 2021 by Saurenergy The Finance Ministry has allowed Andhra Pradesh to borrow an additional Rs 1515 crore for undertaking power sector reforms. The Finance Ministry has allowed Andhra Pradesh to borrow an additional Rs 1515 crore for undertaking power sector reforms. As part of the reforms, the state has started the Direct Benefit Transfer (DBT) scheme of electricity subsidy to farmers with effect from September 2020. Thus, it […] Read more
TVS Motors Launches iQube, its Electric Scooter in Delhi Updated On Fri, Feb 5th, 2021 by Saurenergy Indian multinational motorcycle company, TVS Motors has yesterday launched its iQube electric scooter in Delhi, with an on-road price of Rs.1,15,000. After Delhi government’s ‘Switch Delhi’ campaign, the price may fall to 1,08,012. The TVS iQube comes with 3 Li-ion battery packs, supported with dedicated BMS and a 3 years warranty. It charges for two […] Read more
Tata Power Reports Q3 Results, Strong Showing by Renewables Biz Updated On Fri, Feb 5th, 2021 by Saurenergy Tata Power has announced its results for Q3, reporting a robust overall performance, with a strong showing in the renewable business. Tata Power, India’s largest integrated power company, has announced its results for the quarter ended December 31, 2020. Reporting a robust overall performance, the firm highlighted its strong showing in the renewable business. The […] Read more
KPTL Acquires Brazilian Power T&D EPC Company Fasttel Engenharia Updated On Fri, Feb 5th, 2021 by Saurenergy KPTL has signed a definitive agreement to acquire a controlling take of 51 percent in Brazilian T&D EPC company Fasttel Engenharia. Kalpataru Power Transmission Limited (KPTL), a leading global EPC player in the power and infrastructure contracting sector, has announced that its wholly-owned subsidiary in Brazil – Kalpataru Power do Brasil Participações has signed a […] Read more
AAP Launches ‘Switch Delhi’ Campaign, Promoting EV Adoption to Curb Pollution Updated On Thu, Feb 4th, 2021 by Saurenergy Delhi government, Aam Aadmi Party (AAP) has launched the ‘Switch Delhi’ campaign today, as an awareness program to promote public to adopt electric vehicles (EVs) in the state. Chief Minister Arvind Kejriwal appealed to people to buy such vehicles to combat pollution in the city and said, his government will hire only electric vehicles for […] Read more
