40% on Modules & 25% on Cells, MNRE to Impose BCD From April 1, 2022 Updated On Thu, Mar 11th, 2021 by Saurenergy The Ministry of New and Renewable Energy (MNRE) has finally finalised the new Basic Customs Duty (BCD) on solar PV cells and modules. As per an office memorandum, the Ministry is going to impose a 25 percent BCD on solar PV cells and 40 percent duty on solar modules without grandfathering of bid-out projects. However, […] Read more
Only 18% of Announced Recovery Spending can be Considered ‘Green’: Report Updated On Thu, Mar 11th, 2021 by Saurenergy An analysis of spending by leading economies has found that only 18 percent of announced recovery spending can be considered ‘green.’ One year from the onset of the pandemic, recovery spending has fallen short of nations’ commitments to build back more sustainably. An analysis of spending by leading economies, led by Oxford’s Economic Recovery Project […] Read more
MNRE Issues Amended Draft Policy for Promoting DRE Livelihood Applications Updated On Thu, Mar 11th, 2021 by Saurenergy MNRE has issued a revised draft of its policy framework for developing and promoting DRE livelihood applications in rural areas of India The Ministry of New and Renewable Energy (MNRE) has issued a revised draft of its policy framework for developing and promoting Decentralised Renewable Energy (DRE) livelihood applications. The ministry has invited comments/suggestions from […] Read more
Solar the Star For Attracting Investments in India’s Energy Sector Updated On Tue, Mar 9th, 2021 by Saurenergy By Vishal Yadav A suitable geographic terrain, supportive Government policies, future energy demand, and environmental concerns have placed growth as well as momentum behind solar energy in India. Rising population, an emerging economy with exponential growth ambitions, and urbanization are some factors contributing to India’s increasing energy demand. According to a report by the International […] Read more
Tabreed and IFC to set up a District Energy Investment Platform Updated On Thu, Mar 4th, 2021 by Saurenergy National Central Cooling Company PJSC (Tabreed), the leading UAE-based international district cooling developer and the International Finance Corporation (IFC), a member of the World Bank Group, are planning to establish a district energy investment platform in Singapore that will invest in district cooling, trigeneration and cooling as a service offering with primary focus on India […] Read more
Tata Power DDL Launches Live P2P Solar Energy Trading Pilot in Delhi Updated On Wed, Mar 3rd, 2021 by Saurenergy The first live solar energy trading project has been launched in Delhi, spearheaded by Tata Power DDL and Australian tech firm Power Ledger India’s rapid adoption of renewable energy has been bolstered with the rollout of the first live solar energy trading project in Delhi, spearheaded by Tata Power DDL, a leading power distribution utility serving a populace […] Read more
The Hydrogen Roadmap to 2030. Updated On Tue, Mar 2nd, 2021 by Saurenergy Underpinned by a global shift of regulators, investors, and consumers towards decarbonisation, Hydrogen (H2) is receiving unprecedented interest and investments. And a new report developed collaboratively by the Hydrogen Council and McKinsey & Company, has tried to provide an overview of these developments in the hydrogen ecosystem. The report ‘Hydrogen Insights: A Perspective on Hydrogen […] Read more
SK Group Closes $1.6 Billion Investment in Plug Power to Advance Hydrogen Strategy Updated On Sat, Feb 27th, 2021 by Saurenergy Creation of Hydrogen Business Development Center and investments in core hydrogen businesses support SK’s goal of making sustainable energy solutions a reality for more people SK Group, South Korea’s largest energy provider and third-largest conglomerate, announced today the close of a $1.6 billion investment and strategic partnership with Plug Power Inc., a leading provider of hydrogen fuel cell and […] Read more
SMT Energy Partners with Goldman Sachs, Sells 55 MW Community Solar Projects Updated On Fri, Feb 26th, 2021 by Saurenergy SMT Energy LLC (SMT) and Goldman Sachs Renewable Power LLC (GSRP) have announced a strategic partnership to develop renewable energy assets in the United States. Initially, GSRP is acquiring 55 megawatts (MW) of community solar facilities located in upstate New York from SMT. John Switzer, co-founder of SMT, stated, “I am extremely proud of our team for developing […] Read more
