New Fund by TDK Ventures to Invest $150 Million in Green Energy Updated On Mon, May 22nd, 2023 by Saurenergy Tokyo based TDK Corporation subsidiary TDK Ventures is launching its third fund that totals $150 million in new capital to provide push mainly to energy transition. TDK Ventures said that its novel fund will target early-stage investments in energy transition, electrification, and decarbonisation in the USA and Europe. With the coming of the new fund, […] Read more
ACWA to Invest $120 Million in Uzbekistan Renewables Afresh Updated On Sun, May 21st, 2023 by Saurenergy Saudi Arabia’s ace renewable energy developer ACWA Power has inked two key agreements at the EBRD 2023 Annual Meeting and Business Forum in Samarkand to advance Uzbekistan’s target to decarbonise 35% of its energy sector by 2030. In the first set of agreements with the chemicals company, Uzkimyosanoat of Uzbekistan, ACWA Power will decarbonise the […] Read more
Navitas Solar Eyes Expansion Through Partnership with Redington Solar Updated On Sat, May 20th, 2023 by Saurenergy Navitas Solar, a module manufacturing firm with a capacity of 500 MW p.a., has partnered with Redington Limited (NSE: REDINGTON), a technology solutions provider, for the distribution of solar products across India. The partnership between the two firms will help accelerate the adoption of solar power by businesses and retail segments across the country. Navitas […] Read more
UP Has The Highest Potential For Livelihoods With DRE: CEEW Study Updated On Fri, May 19th, 2023 by Saurenergy A latest report by the Council of Energy, Environment and Water (CEEW) claimed that Uttar Pradesh has the greatest impact opportunity in livelihood by deploying Distributed Renewable Energy (DRE) solutions. The report was recently released by the Minister of New and Renewable Energy RK Singh in a national event in New Delhi recently. Following Uttar […] Read more
MNRE to Launch New Scheme To Boost Distributed Solar Energy: RK Singh Updated On Fri, May 19th, 2023 by Saurenergy In his latest speech, Union Minister for New and Renewable Energy RK Singh announced starting a new scheme to boost distributed renewable energy (DRE). He announced this during an event on DRE organised by the Council on Energy, Environment and Water (CEEW) and Villgro Innovations Foundation’s Powering Livelihoods. “We are developing a new DRE policy […] Read more
Sungrow Bags 150 MW Energy Storage Project in UK Updated On Fri, May 19th, 2023 by Saurenergy Chinese inverter and energy storage system solution maker and supplier Sungrow has announced that it has signed a contract to supply its liquid cooled energy storage system (ESS) called PowerTitan to a 150MW/300MWh project in Ferrybridge, West Yorkshire, the United Kingdom. Sungrow said that the project is expected to increase total grid stability and bolster […] Read more
PFC Issues Tender for Procurement of Aggregate Power Including RES with Storage Updated On Thu, May 18th, 2023 by Saurenergy PFC Consulting Limited (PFCCL), a wholly owned subsidiary of Power Finance Corporation Limited, has invited proposals for the “Procurement of Aggregate Power requirement of Group of States” for undertaking tariff based competitive bidding for medium term procurement of Power”. PFC is the authorized representative appointed by the Ministry of Power under para B (v) of […] Read more
Tesla’s Reignites Ambitions for Setting Up EV Plant, Pushing EV Sales in India Updated On Thu, May 18th, 2023 by Saurenergy American automotive giant Tesla is keen to extend its reach in India and is mulling over the domestic incentives that it can avail with relation to car and battery manufacturing. It held discussions with government officials recently towards this goal. Tesla is looking to establish a factory in India, where it aims to build electric […] Read more
CERC Orders Compensation To Hero Solar SPV Over Surge In GST Rates Updated On Thu, May 18th, 2023 by Saurenergy The Central Electricity Regulatory Commission (CERC) in its latest judgment, ordered giving financial compensation to Clean Solar Power (Jodhpur) Private Limited on account of the escalation of Goods and Services Tax (GST) rates from five percent to 12 percent in 2021. Clean Solar Power is a Special Purpose Vehicle (SPV) of Hero Solar Energy. The solar […] Read more
